Vivriti rejigs under new holding arm; founder invests Rs 200cr

Chennai: Vivriti Group, engaged in the financial services space, has launched Vivriti Next as its new operating and holding company, consolidating its businesses under a unified structure as it seeks to sharpen its lending focus on India's mid-corporate segment. Founder Vineet Sukumar has committed Rs 200 crore in fresh equity to the new entity.The restructuring brings the group's core mid-market lending arm, Vivriti Capital, and private credit platform, Vivriti Asset Management, under Vivriti Next, which will become effective from April 1, 2026.
With the transition, equity shareholders of Vivriti Capital will move to the new holding company structure, retaining a diversified, institution-led capital base. With Sukumar's latest infusion, the nine-year-old group has raised around Rs 1,630 crore in promoter and external equity capital from founders and investors, including Creation Investments, Lightrock and TVS Capital Funds.Sukumar, founder and managing director of Vivriti Next, said the move reflects the evolving needs of mid-sized enterprises. "As our mid-market clients scale, their requirements extend well beyond standalone borrowing. They are looking at capital markets access, balance sheet structuring, ESG integration, risk management and technology-led efficiency. Vivriti Next has been created to address this complexity through an integrated platform," he said.Vivriti Next will serve as the group's strategic and operating nerve centre, housing advisory, capital markets and technology-led solutions alongside its financing businesses. The company plans to institutionalise advisory services across capital structuring, credit ratings, ESG compliance and risk, while also offering clients access to diversified pools of capital. With Vivriti Next at the helm, the group is seeking to transition from a lender and private credit player to a broader financial and advisory platform for India's mid-market. The group's operating revenue stood at ₹1,275 crore for the nine months of FY26, while PAT was Rs 165 crore, up 4% year-on-year. Its assets under management (AUM) stood at Rs 15,333 crore, including Rs 338 crore of off-book AUM, as of Dec 2025.