Vivriti Capital

Vineet Sukumar, Founder and CEO, and Gaurav Kumar, Founder and Managing Director, lead the firm's investment strategy. Both were previously senior executives at IFMR Capital, a specialized non-bank financial company focused on financial inclusion. The firm's credit committee structure blends technology-driven underwriting analytics with manual judgment, and investment decisions for the managed credit funds are made by dedicated fund management teams within Vivriti Asset Management.

Vivriti uses its in-house technology platform, CredAcc, to originate, underwrite, and monitor loans across over 200 Indian cities. The platform aggregates financial and operational data from mid-market borrowers, many of whom lack formal credit ratings. This data-driven origination funnel is supplemented by on-the-ground origination teams who maintain direct relationships with small and medium-sized non-banking financial companies, fintech lenders, and corporate supply chains.

Vivriti Capital is an institutional credit platform, not a family office. It is organized as a non-deposit taking non-banking financial company registered with the Reserve Bank of India and is part of the larger Vivriti group, which includes a SEBI-registered asset management company, Vivriti Asset Management. The firm has raised institutional equity from investors including TVS Capital Funds and Creation Investments.

Vivriti operates both direct lending and fund structures. Vivriti Capital's own balance sheet makes direct loans to mid-market enterprises, while Vivriti Asset Management manages pooled credit funds that external institutional investors commit to. These funds typically invest in structured credit, securitized loan pools, and direct co-lending arrangements alongside banks.

Vivriti targets growth-stage and mature small-to-medium enterprises that are beyond startup venture funding but below the threshold for traditional public bond issuance. Core sectors include financial services (especially NBFCs and fintech lenders), agriculture and food processing, healthcare, and clean energy. The firm avoids early-stage venture debt and publicly traded corporate bonds.

Vivriti Capital is the registered NBFC lending entity within the Vivriti group. Vivriti Asset Management is a separately registered SEBI portfolio manager and alternative investment fund manager that runs credit funds for institutional limited partners. The two entities share technology infrastructure and origination networks but maintain separate regulatory and fiduciary obligations. Vivriti Foundation is a philanthropic arm that operates independently on financial inclusion initiatives.

Vivriti acts as both a direct lender and an intermediary that facilitates co-lending between its managed credit funds and third-party financial institutions, including banks and development finance institutions. The firm's NBFC balance sheet is used to warehouse and partially fund loans, with portions of the exposure syndicated or sold down to co-investors, making co-participation a core feature of its business model rather than an occasional arrangement.