VIVIFI INDIA FINANCE PRIVATE LIMITED

Business Overview

• RBI-registered NBFC-ND, Certificate of Registration 31-Mar-2017, founded 2016 by Anil Kumar Pinapala and Srinath Kompella, headquartered in Hyderabad.
• Provides digital/fintech lending products targeting underserved salaried and self-employed borrowers and MSMEs in India: FlexSalary, instant personal line of credit for salaried individuals, FlexPay, buy-now-pay-later, and LoanGranted.
• Disbursements grew from ~₹320.75 Cr (FY22) to ~₹1,052.48 Cr (FY23) to ~₹1,140.78 Cr (FY24) per rating-agency commentary, source: Acuite/CRISIL rating rationale, via search aggregation, — figures partial/unverified against a primary filing.
• As of the Jan-2026 CRISIL rating note, AUM was ₹553.8 Cr, 30-Sep-2025, down 10.6% YTD, and the company posted an H1 FY26 loss of ₹14.6 Cr, alongside receiving a ₹87.5 Cr equity infusion.

Sector & Classification

NBFC — Non-Banking Financial Company, Non-Deposit taking Loan Company (RBI CoR obtained 31-Mar-2017); MCA activity code: Financial and Insurance Services (Section K) / Other financial service activities (K8); DPIIT-recognised startup (Falconebiz) — confirmed

Directors & Key Management

GST Registrations

Primary GSTIN: 36AAFCV5214P1ZW (Telangana, state code 36) — confirmed via ClearTax per-GSTIN compliance API: legal/trade name "VIVIFI INDIA FINANCE PRIVATE LIMITED" (exact match), status Active, registration date 24-08-2017, constitution Private Limited Company, state jurisdiction Telangana (TG120), monthly filer. PAN segment (AAFCV5214P) matches company PAN, corroborating the match. Home state: Telangana. Number of state registrations beyond Telangana: not obtained (no evidence found of multi-state GST presence; company appears digital-lending/single-office model).

Financials

• Standalone, per TheCompanyCheck, partial — premium-gated for full P&L: FY2025, year ended 31-Mar-2025, revenue ₹292.8 Cr, up ~19% YoY. EBITDA, PAT and net worth for FY25 were paywalled/not obtained from this source.
• From CRISIL's Jan-2026 rating note, confirmed, rating-agency primary source: net worth ₹213.7 Cr and AUM ₹553.8 Cr as of 30-Sep-2025, AUM down 10.6% YTD
• Gearing 2.0x
• 90+ DPD 6.0%
• H1 FY2026 net loss ₹14.6 Cr
• Received ₹87.5 Cr fresh equity infusion.
• Charges/borrowings, Falconebiz, partial — premium-gated for lender names: open charges ₹599 Cr across unnamed lending institutions, satisfied charges ₹58 Cr, 33 total charge records, most recent charge registered 24-Nov-2025 for ₹27 Cr.
• No single source gave a full standalone audited P&L, revenue/EBITDA/PAT/net worth/borrowings, in one place — treat as partial/composite across sources.

Funding History

• Confirmed via Tracxn + Business Standard + Inc42 (converging): total funding ~US$96.1M raised over 5 rounds from 6 investors, 3 institutional + 3 angel, including co-founder Anil Kumar Pinapala as an angel investor.
• Series A: closed with Viernes Holdco (Nashville, US) as first investment, 30-Mar-2019, amount not obtained.
• Series B: US$75M in Jan-2024, BP IN VPF among investors, structured as ~$15M equity + $60M debt infusion, Business Standard, Inc42, Outlook Business all confirm the $75M figure and equity/debt split.

Shareholding

• Not confirmed to a reliable standard.
• One low-tier aggregator/blog source, businessmodelcanvastemplate.com, not on the approved-reliable list, claims founders held 46.59% collectively as of Nov-2023, and separately that promoter holding was 65.25% vs public 34.74% in 2023 — these two claims are internally inconsistent and the source is not authoritative.
• Tracxn/Falconebiz shareholding tables are premium-gated.
• Treated as "not obtained" for a verified cap table
• Flagged as a data gap rather than reported as fact.

Loans & Charges

• Confirmed, Falconebiz, aggregator-level: 33 total charge records
• ₹599 Cr in open charges
• ₹58 Cr satisfied/closed charges
• Latest charge registered 24-Nov-2025 (₹27 Cr). Lender names not disclosed (premium-gated) — "no open charges shown" is NOT the case here, open charges exist, consistent with instructions on aggregator charge-table caveats.

Related Parties

• Falconebiz reports the company shares common directors with 15+ other entities, naming Local Nomads Projects LLP, Sohy Properties Private Limited, and Tekfriday Processing Solutions Private Limited as examples, partial — full related-party list and nature of transactions not obtained; these appear to be director-linked entities rather than confirmed group/subsidiary relationships.

Credit Ratings

• Confirmed — CRISIL Ratings: 'CRISIL BBB-/Stable' reaffirmed 19-Jan-2026 on ₹50 Cr long-term bank loan facilities and ₹50 Cr non-convertible debentures (NCDs).
• Rationale cites adequate capitalisation and experienced management, offset by asset-quality vulnerability given the borrower segment, moderate earnings, and limited funding diversity.
• Acuité Ratings: also rates the company, press release dated 25-Oct-2024, citing "experienced promoters, improved earnings profile, and strong capitalisation", — the specific rating grade/instrument amount could not be extracted, source PDF was not machine-readable and a follow-up fetch timed out
• Treat Acuité's exact grade as "not obtained" pending a readable source, though the fact of an Acuité rating relationship is confirmed.

Legal & Compliance

• Indian Kanoon search surfaced consumer/customer-side litigation naming the company as a party, not promoter/regulatory action: (1) Puppala Urekha Sri vs Union of India, Andhra Pradesh High Court (Amravati), 02-Jul-2025 — Vivifi/FlexSalary named as a respondent
• (2) Satyajit Bhattacharjee vs Managing Director & CEO of Vivifi India Finance Pvt Ltd, Calcutta High Court, Appellate Side, Justice Amrita Sinha, writ petition, orders dated 03-Mar-2025 and 06-Mar-2025
• (3) Bharath vs Vishal P. Bhandari, Bangalore District Court, 02-Apr-2025, referencing a ₹5,132.49 transaction credited to Vivifi. These read as routine consumer-lending disputes rather than regulatory/insolvency action
• No adverse RBI action found.

Competitive Landscape

• Digital-lending/NBFC peers in the salaried-consumer instant-credit and BNPL space, roughly similar-scale fintech NBFCs, not group-verified, given as sector peers: KreditBee, MoneyTap (now Freo), CASHe, EarlySalary (now Fibe), PaySense, and Kissht.
• Scale tag: Vivifi, AUM ~₹550-600 Cr, FY25 revenue ~₹293 Cr, sits in the mid-tier of this consumer-lending-NBFC cohort — smaller than Fibe/KreditBee's later-stage scale, broadly comparable to CASHe/PaySense.

Frequently Asked Questions

Sources

Tofler (tofler.in/vivifi-india-finance-private-limited) — identity, capital, directors+DINs; TheCompanyCheck (thecompanycheck.com/company/vivifi-india-finance-private-limited) — identity, capital, financials, charges, employees; Falconebiz (falconebiz.com/company/VIVIFI-INDIA-FINANCE...) — directors, charges, related parties, auditor; ClearTax per-GSTIN compliance API (cleartax.in/f/compliance-report/36AAFCV5214P1ZW) — GSTIN verification; CRISIL Ratings (crisilratings.com rating document, Jan-2026) — credit rating + latest financial metrics; Acuité (connect.acuite.in / acuite.in rating PDF, Oct-2024) — secondary rating confirmation (grade not extracted); Tracxn, Business Standard, Inc42, Outlook Business (via web search) — funding rounds; Indian Kanoon (via web search) — litigation; vivifin.com — official domain (site itself returned 403 to fetch, so business-overview corroboration relied on search-engine summaries of the site).