Vibrant Global Capital Subsidiary Obtains SEBI Category III AIF Registration for TPR Wealth Trust — October 3, 2026

Mumbai-based non-banking financial company (NBFC) Vibrant Global Capital Limited has achieved a key regulatory milestone after its majority-owned subsidiary secured registration from the Securities and Exchange Board of India (SEBI) to operate a Category III Alternative Investment Fund (AIF).

According to regulatory disclosures, the market watchdog granted the certificate of registration (Registration No. IN/AIF3/26-27/2334) dated September 30, 2026, to TPR Wealth Trust. The fund is sponsored and managed by The Private Reserve Capital, a subsidiary in which Vibrant Global Capital previously acquired a 65% controlling stake for ₹6 crore.

Strategic Push into High-Yield Wealth Management

The grant of the Category III AIF license enables Vibrant Global Capital to establish a diversified presence in India's fast-growing alternative assets ecosystem. Under SEBI regulations, Category III AIFs are permitted to employ complex trading and investment strategies—including long-short equity, derivative positions, structured public market trades, and calibrated leverage within prescribed limits—to generate alpha for sophisticated investors.

India's AIF industry has seen exponential growth over recent years, driven by rising domestic wealth, growing allocations from family offices, and increased demand from ultra-high-net-worth individuals (UHNIs) seeking returns uncorrelated with broader benchmark indices. The launch of TPR Wealth Trust positions the Vibrant Global Group to capture this demand by expanding beyond standard lending and balance-sheet investment operations into active fund management.

Key Drivers of the Approval:

• Fee-Based Business Expansion: Allows the group to scale asset management, portfolio management services (PMS), and wealth advisory operations, generating recurring management fees and performance-linked carry.
• Institutional-Grade Offerings: Opens avenues to roll out structured hedge fund and long-only equity strategies aimed at domestic HNIs and institutional allocators.
• Capital Efficiency: Enables deployment of external investor capital, complementing the company's internal balance-sheet lending activities without stretching credit risk.

Broader Corporate Momentum

The regulatory green light comes during a phase of operational restructuring and market footprint expansion for Vibrant Global Capital. Originally listed on BSE Limited, the company's equity shares were recently admitted to dealings on the National Stock Exchange of India (NSE), significantly improving trading liquidity and institutional visibility.

With the regulatory framework now established for TPR Wealth Trust, the subsidiary is expected to initiate scheme filings and fund marketing to build out its initial asset management pools.

Tags: Vibrant Global Capital SEBI Alternative Investment Funds NBFC BSE NSE