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Vivriti Capital seeks to diversify its borrowing profile

Vivriti Capital seeks to diversify its borrowing profileNon-banking financial company Vivriti Capital is planning to continue diversifying its funding mix and further optimize its cost of funds.

Vivriti Capital’s clients comprise of mid-corporates. The company offers innovative lending solutions to improve its client experience and their operational efficiencies.

Vineet Sukumar, Founder and Managing Director, Vivriti Capital, said, “We have delivered a hassle-free flow of debt finance with flexibility and short turnaround times, on account of the company’s advanced technological operating model and risk management framework.  We manage a portfolio of Rs 5,835.80 crores and have provided debt solutions to over 194 mid-corporates across various sectors. While we have grown our loan book strongly in the last few years, we have continued to maintain a healthy asset quality till date.”

Vivriti Capital, proposing to open a public issue of secured, non-convertible debentures (NCD) of face value of Rs 1,000 each for an amount up to Rs 250 crore with an option to retain oversubscription up to Rs 250 crore, scheduled to open from August 18 to August 31, 2023, benefits from a large and diversified mix of lenders, which has increased over the years and included 218 institutional lenders/investors as of March 31, 2023, comprising a range of financial institutions and corporates, as well as 1,740 individual investors to meet its capital requirements.

Parth Sanghani, Chief Treasury Officer, Vivriti Capital, added, “We believe that we have been able to access a wide range of lenders due to our good corporate governance, stable credit ratings, conservative risk management policies, strategic liability management and transparent communication. We plan to continue diversifying our funding mix and further optimize our cost of funds. Since our inception, we have onboarded a range of mutual funds, public sector banks, small finance banks, private banks, and NBFCs to diversify our lending profile, thereby de-risking our Company from an over-dependence on any single fund source category. Diversification of our sources of funding in recent periods has contributed to an overall reduction in our average cost of borrowings in recent fiscal periods and has allowed us to maintain sufficient interest margins and achieve our liquidity goals, as well as maintain funding stability. We seek to reduce our average cost of long-term borrowings through improved credit ratings and by diversifying our borrowing profile.”


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