Financial Services • Mid-market lending and private credit
Vivriti Next is the operating and holding company of the Vivriti Group. It was launched on 24 February 2026 to bring the group's businesses under one roof. These are Vivriti Capital, an NBFC that lends to mid-market companies, and Vivriti Asset Management, which runs private credit funds. On top of this, Vivriti Next plans to offer capital markets help, technology solutions and advisory on capital structure, financing, risk, ratings and ESG. The group says it has built a portfolio of over ₹15,000 crore and serves 550+ mid-market enterprises across 50+ sectors and 20+ states. These are the company's own numbers from its February 2026 press release. The latest full-year numbers we could read are for FY25, the year ended 31 March 2025, and they are for the Vivriti Group (Vivriti Capital and Vivriti Asset Management together, excluding the associate CredAvenue). Group revenue was ₹1,429.1 crore, up 28.9% from the year before. Profit after tax was ₹219.2 crore, and net worth stood at ₹2,146.9 crore. Assets under management were ₹13,181 crore. Core NBFC gross NPA was 0.24% as of 31 March 2025. The group is led by founder and Managing Director Vineet Sukumar, who has committed ₹200 crore of equity in a personal capacity to Vivriti Next. The group has raised about ₹1,630 crore of promoter and external equity, with investors such as Creation Investments, Lightrock and TVS Capital Funds. Existing Vivriti Capital shareholders moved to the new holding structure. Shares of Vivriti Next are not listed on any exchange. Unlisted shares like these are dealt off-market between private parties, and the price we show, ₹42 per share on 13 October 2026, is only an indicative level, not an exchange price. At that price the implied market cap is about ₹6,133.79 crore. We have not seen an IPO filing for the company.
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Data refreshed 09 Nov 2026, 01:00 am IST.