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Chennai, June 10, 2025 : Leading lender to mid-market enterprises in India, Vivriti Group, which comprises Vivriti Capital and Vivriti Asset Management, announced its financial results for fourth quarter and year ended March 31, 2025.

The company demonstrated robust financial performance in FY25 with profit after tax surging 27% year-on-year (adjusted for one-time exceptional gain in FY24 due to one-time sale of non-core investments) to INR 219.2 crore, while maintaining healthy asset quality with core gross NPA at 0.24% as of March 31, 2025, declining significantly from 0.54% as of March 31, 2024. The company’s strong balance sheet was further reinforced with net-worth growing to INR 2,146.9 crore and a robust capital adequacy ratio of 21%, providing substantial capacity for future expansion.

In Q4FY25, Vivriti Group reported a 22.8% year-on-year growth in revenue to INR 392.6 crore. Despite strong topline growth, Profit After Tax (PAT) in the quarter declined 4% YoY to INR 60.1 crore due to continued investments in technology and market expansion.

Commenting on the results, Vineet Sukumar, Founder & MD of Vivriti Group, said, “We are pleased to report another year of strong financial performance, reflecting the resilience and growth potential of our business model. Our focus on technology-driven solutions and strategic market expansion has enabled us to deliver exceptional value creation for our stakeholders. The robust growth in our loan portfolio, coupled with improved operational efficiency and disciplined cost management, demonstrates our ability to scale profitably. We remain well-capitalized and optimistic about the significant opportunities ahead in India’s mid-market lending landscape.”

(Note: Our financial results cover Vivriti Group entities, Vivriti Capital Limited and Vivriti Asset Management Private Limited, and exclude the performance of our associate company – Credavenue Private Limited (CAPL), as provided in the exchange filing.)

About Vivriti Group

Vivriti Group comprises Vivriti Capital Ltd., a fintech NBFC, and Vivriti Asset Management Pvt. Ltd., an asset manager of fixed-income AIF schemes. About 8 years since inception, the Group has built a highly successful franchise, with INR 13,000+ crore of portfolio, as well as 495+ clients across 55+ sectors and 20+ states. It has raised INR 1,400 crore of equity since inception and witnessed stellar metrics, with industry-leading asset quality and return metrics.

For more details, visit www.vivriticapital.com

For more details, visit www.vivritiamc.com

Media contacts:

Resham Chhabra | Head- Marketing & communications | Resham.Chhabra@vivriticapital.com

Mumbai, May 19, 2025: Vivriti Asset Management, a pioneer in Performing Credit investment strategies, has secured an additional USD 20 Mn in senior debt commitments for its Vivriti India Retail Assets Fund (VIRAF) from the Development Bank of Austria (OeEB). OeEB is known for supporting impact investments in developing countries by financing private sector projects that foster sustainable economic growth, particularly in green finance, SME development, and financial inclusion.

The latest fund infusion from OeEB takes total commitments in VIRAF to USD 165 Mn, bringing it closer to its targeted corpus of USD 250 Mn. Launched in March 2023, at GIFT City, India’s international financial services centre, VIRAF is a first-of-a-kind asset-backed securitization (ABS) fund in India. VIRAF has been set up with the objective of scaling investments in small ticket loans to micro and small enterprises (MSEs), as well as individuals with a focus on women entrepreneurs.

As of March 2025, VIRAF has scaled its AUM to ~USD 140 Mn. Since its inception VIRAF has disbursed USD 200 Mn+, supporting 25 NBFCs. These loans have reached over 350,000+ individuals and over 100,000+ MSME borrowers, and of those, over 75 per cent are women. Over a ten-year period, VAM aims to cumulatively invest over USD 1 Bn in retail ABS.

Vineet Sukumar, Founder & Managing Director, Vivriti Asset Management, stated, that “We are proud to welcome OeEB to the VIRAF platform. Their investment is a powerful endorsement of our approach to building resilient, scalable and impact-driven fixed-income strategies in India. OeEB’s capital will directly strengthen our ability to extend funding to high-quality financial institutions that are empowering women and small businesses across India. At VAM, we continue to innovate in structured credit to bridge the country’s credit gap while delivering risk-adjusted returns to investors.”

Sabine Gaber, Member of the Executive Board, Development Bank of Austria (OeEB), stated that “Promoting small and medium-sized enterprises and financial inclusion as well as gender equality are among the focus areas of our strategy 2024-2028. Therefore, we are very pleased to provide additional financing for VIRAF and look forward to contributing to India’s inclusive economic growth. Thank you to Vivriti Asset Management and my colleagues involved in the deal.”

With this commitment, OeEB joins marquee investors such as British International Investment (BII), Calvert Impact, M&G Catalyst, and International Finance Corporation (IFC) that are aligned with the fund’s mission to promote equitable economic opportunities through capital markets solutions. The fund’s investments directly advance Vivriti’s mission to drive inclusive economic growth, with a strong alignment to UN SDGs, specifically SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation and Infrastructure), and SDG 10 (Reduced Inequalities).

VIRAF focuses on investing in asset-backed securities that are backed by granular retail and MSME loans, thereby supporting NBFCs and other financial institutions serving underserved borrower segments.

India’s 63 million micro, small and medium enterprises (MSMEs) contribute up to 30 per cent of the country’s GDP, generate over 40 per cent of exports, and create employment for over 100 million people. IFC study estimates the MSME finance gap in India is USD 342 Bn, with MSEs accounting for 95 per cent of that gap.

About VAM

Vivriti Asset Management (VAM) is a Private Credit asset manager, seeking to deepen India’s fixed income and ABS markets. With commitments of c.US$660 million across 8 funds, VAM manages sector-agnostic funds that have invested across infrastructure, energy, logistics, financials, Saas and services businesses.

Vivriti Asset Management Private Limited (IFSC branch) is registered with International Financial Services Centres Authority (IFSCA) as a Registered FME (Non-Retail) and the Investment Manager for Vivriti Fixed Income Fund – Series 3 IFSC LLP (trade name of Vivriti India Retail Assets Fund). VIRAF is a restricted scheme (non-retail) under the IFSCA (Fund Management) Regulations, 2022, with a 10-year fund tenure.

About OeEB

Oesterreichische Entwicklungsbank AG (OeEB) has been operating as the Development Bank of Austria since March 2008. It specialises in the provision of long-term finance for the implementation of private sector projects in developing countries which create sustainable development. Additionally, OeEB provides technical assistance, which can be used to enhance the developmental impact of projects.

For more information, please visit http://www.oe-eb.at

For more information, visit www.vivritiamc.com

Media contacts:

VAM: Resham Chhabra, resham.chhabra@vivriticapital.com

Mumbai, February 27, 2025: Vivriti Asset Management (VAM) has raised additional commitments of $40 million for its Vivriti India Retail Assets Fund (VIRAF) from British International Investment (BII), the UK’s development finance institution and impact investor, and Calvert Impact, a global nonprofit investment firm based in the United States, to support financial inclusion for India’s micro, small and medium enterprises (MSMEs).

India’s 63 million MSMEs contribute up to 30 percent of the country’s GDP, generate over 40 percent of exports, and create employment for over 100 million people. However, the MSME finance gap in India remains enormous at an estimated $342 billion, with MSEs accounting for 95 percent of that gap.

Launched in March 2023, at GIFT City, India’s first international financial services centre, VIRAF is a first-of-a-kind asset-backed securitization (ABS) fund in India. VIRAF seeks to scale investments in small ticket loans to MSEs, as well as individuals with a focus on women entrepreneurs.

BII committed $30 million alongside $10 million from Calvert Impact to the senior debt tranche of the fund. They joined existing investors including M&G Catalyst and IFC to bring the total fund size close to $150 million.

As of December 2024, VIRAF has cumulatively invested $140 million in 40+ ABS and bond transactions. These loans have reached over 194,000 individuals and over 78,000 MSME borrowers. Of those, approximately 76 per cent are women. Over a ten-year period, VAM aims to cumulatively invest over $1 billion in retail ABS.

“We are pleased to partner with BII and Calvert Impact in this unique product. Their commitments serve as further validation of VIRAF’s investment thesis and success of innovative structuring which seeks to blend public capital with private capital to finance Sustainable Development Goals. The additional capital will allow us to scale VIRAF further and help demonstrate the scalability, stability and resilience of India’s ABS markets,” said Vineet Sukumar, Founder and MD, VAM.

“Supporting financial inclusion for MSMEs and women-led businesses is a key priority for us in India. To enable more accessible finance for them, we are delighted to collaborate with like-minded partners such as Vivriti Asset Management and support new financial instruments. This innovative securitisation structure will not only provide essential access to finance for local businesses but also demonstrate its commercial viability to mobilise more commercial investors,” said Srini Nagarajan, Managing Director and Head of Asia, British International Investment.

This investment supports UN SDG 5 on Gender Equality, SDG 8 on Decent Work and Economic Growth, SDG9 on Industry, Innovation and Infrastructure as well as SDG10 on Reduced Inequalities.

About VAM

Vivriti Asset Management (VAM) is a performing-credit focused asset manager, investing in debt issued by mid-sized enterprises. With commitments of c.US$625 million across 11 funds, VAM manages sector-agnostic funds that have invested across infrastructure, energy, logistics, financials, Saas and services businesses.

Vivriti Asset Management Private Limited (IFSC branch) is registered with International Financial Services Centres Authority (IFSCA) as a Registered FME (Non-Retail) and the Investment Manager for Vivriti Fixed Income Fund – Series 3 IFSC LLP (trade name of Vivriti India Retail Assets Fund). VIRAF is a restricted scheme (non-retail) under the IFSCA (Fund Management) Regulations, 2022, with a 10-year fund tenure.

About British International Investment

British International Investment is the UK’s development finance institution and impact investor. As a trusted investment partner to businesses in Africa, Asia, and the Caribbean, BII invests to create productive, sustainable, and inclusive economies in our markets. Between 2022-2026, at least 30 per cent of BII’s total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge which has raised over $33.6 billion to empower women’s economic development. The company has investments in over 1,580 businesses across 65 countries and total net assets of £8.5 billion. For more information, visit: www.bii.co.uk | watch here. Follow British International Investment on LinkedIn and X.

Mumbai, January 22, 2025: Vivriti Asset Management (VAM), a pioneer in Performing Credit investment strategies, announced the maturity and successful exit of its second fund – Vivriti Short Term Bond Fund (VSTBF). Launched in early 2021, this Cat-II AIF (alternative investment fund) was VAM’s second Category II AIFin debt issued by mid-sized corporates to deliver 400-500 bps of spread over prevailing 3-yr G-Sec. This was a roll-down strategy with duration of less than 2 years.

VSTBF attracted investments from a mix of marquee family offices, institutional investors, insurance companies, and ultra-high-net-worth individuals (UHNIs). The fund delivered on anticipated return hurdles, through quarterly income payouts, with low volatility over the 4 years of operation.

Fund Highlights

• Raised INR 350 crore, exercising green shoe option, and invested in 11 portfolio companies
• Consistent quarterly income distributions and capital return, as envisaged

Soumendra Ghosh, Chief Investment Officer, Vivriti Asset Management, said: “VSTBF was conceptualised in 2020 amidst general ‘risk-off’ and low prevailing market rates, which resulted in significant spreads between AAA / AA / A and BBB rated notes. The fund was structured to capitalise on this and helping clients beat the prevailing 2–3-year AA-rated yields by 250-350 bps, by creating loss protection tranche on a portfolio of A-rated notes, thereby reaching a rating of AA+ (SO) by Crisil on the units of VSTBF. Portfolio construction considered need for safety, short duration, and adequate diversification, in view of challenges in modelling risk back in 2020 (pre-wave II of covid), and imminent advent of inflation and consequent pickup in policy rates through the life of the fund. As we mark its complete exit and capital giveback, I thank our investors for their confidence in us in less certain times.”

About Vivriti Asset Management:

Vivriti Asset Management (VAM), established in 2019, is a SEBI and IFSCA registered asset manager, investing in debt issued by mid-sized enterprises. The firm has invested over INR 7,500 crore across its strategies in 90+ firms, counts over 1,000 unique LPs, and returned ~INR 1,800 crore of capital to investors, since inception.

It is part of Vivriti Group, which manages a portfolio of more than INR 11,000 crore across its lending and asset management businesses.

Launched at end of 2019, SBF was a close-ended fund category-II AIF, that garnered INR 265 crores in capital from diverse investors, including institutional investors, UHNIs and family offices. Through the fund’s life, SBF made 20 investments, amounting to INR 449 crores, with a portfolio yield of over 15.5% and a median portfolio rating of BBB+.

Out of 20 companies, 11 companies saw ratings upgrade post our investment against which only one company was downgraded. Three out of 11 portfolio companies saw an upgrade of more than one notch in credit ratings.

Soumendra Ghosh, Chief Investment Officer, Vivriti Asset Management, said: “As we exit SBF, our first fund, we want to thank our clients for their confidence in us in early days of VAM. SBF was launched in pre-pandemic times, in the aftermath of corporate crises of 2018, deployed mostly through 2020-21 battling uncertainties of modelling risks, and exited through 2023-24 amidst higher interest rates and tighter liquidity. Staying true to our investment thesis, staying focused on risk control amidst all that was happening around us, and taking a counter-cyclical approach to asset selection, held SBF in good stead.”

Mr. Amit Ganorkar, Managing Director, Royal Sundaram General Insurance Co. Limited, said, “Royal Sundaram has been an early adopter of new asset classes like AIF, which are approved by IRDA for insurance companies to augment our portfolio yield. We were comfortable with fund’s investment strategy, and having seen an alignment in their market perception and governance structure we invested in Samarth Bond Fund. On the successful maturity of the fund and performing above the hurdle rate, we congratulate the Vivriti team and wish them success in their future endeavours. We are satisfied with the outcome of the Fund and the periodical dissemination of information and monitoring process.”

Commenting on the exit, Vineet Sukumar, Founder & MD, Vivriti Asset Management, said: “We are very happy to announce the successful exit of Vivriti Samarth Bond Fund – a fund that raised capital during the challenges of the pandemic from a highly diverse investor base. The excellent outcome of the fund validates our unique approach to performing credit investments. I am thankful to our clients for their unwavering support in our early days.”

Vivriti Asset Management is an asset manager of fixed-income alternative investment fund schemes. Set up in 2019, VAM has raised commitments of over US$500 million across its credit funds from over 900 clients and returned over US$110 million of capital to investors. It is part of Vivriti Group, which manages assets of c.US$1.3 billion across its lending and asset management businesses.

For more information, visit www.vivritiamc.com