Mumbai, February 24 Vivriti Group launched Vivriti Next as its new operating and holding company on Tuesday, with founder and managing director Vineet Sukumar committing ₹200 crore to the entity.
Vivriti Next will house the lending arm, Vivriti Capital, and the private credit business, Vivriti Asset Management, while also expanding into capital markets, capital structuring, risk, ratings, ESG, and technology solutions for mid-market enterprises, according to an official statement.
Shareholders of Vivriti Capital will transition to the new holding company, retaining a diversified institutional capital table, it said.
The investment by Sukumar is in his personal capacity, and with this, the total promoter and external equity raised stands at approximately ₹1,630 crore, it said, adding that other investors include Creation Investments, Lightrock, and TVS Capital Funds.
"As our mid-market clients have grown, their needs have evolved beyond simple borrowing to strategic solutions… Vivriti Next has been created as a platform to address this complexity beyond lending," Sukumar was quoted as saying in the release.
He added that the entity will drive growth, capital efficiency, and future fundraising.
On the operational front, Vivriti Next will aim to strengthen and scale the group's core financing and lending businesses, provide an integrated investment platform spanning lending and private credit, embed ESG frameworks in investments, deploy its technology stack to clients to improve efficiency and transparency, and enhance operational leverage through shared platforms and data.