Vivriti Capital (VCL), which offers lending solutions to mid-market enterprises in the country, has received CRISIL A+/stable rating to its bank facilities, non-convertible debentures (NCDs) and CRISIL A1+ rating for its commercial paper from CRISIL Ratings. The current rating by CRISIL is for ongoing/future issuances (long-term loan, CPs, NCDs) of VCL.

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The ratings assigned signify the creditworthiness of Vivriti Capital and its financial instruments, the company said.

Vineet Sukumar, Founder and Managing Director, Vivriti Capital said, “This is the first time we have been rated by CRISIL Ratings. During this period, we have grown our business significantly, while maintaining healthy asset quality reflected in the non-performing assets (NPAs) remaining within comfortable range.”

“We manage a portfolio of over ₹8,500 crore across Vivriti Capital and its subsidiary Vivriti Asset Management. Our group coverage has expanded to 350+ mid-market enterprises across the country, in 45+ sectors," he added.

Vivriti Capital is a fintech NBFC that is currently developing a specialised supply chain financing solution tailored to meet the needs of a diverse range of clients for their supply chain financing requirements.

(Edited by : Anshul)

First Published:Nov 16, 2023 4:29 PM IST