ICRA is now twenty-five.
On the occasion of the Company’s Silver Jubilee I would like to express my sincere
gratitude to all our clients, present and past, the investing community at large,
and the regulatory agencies for the assistance, support and good wishes we have
received from you all along.
It has been an eventful journey since 1991, when ICRA was set up as the country’s
only other credit rating agency. From a single-product enterprise to a listed, full-service
credit rating agency with extensive coverage across sectors and with subsidiaries
across businesses, we have come a long way indeed.
Along the way, even as we have grown and branched out, certain things have remained
the same: our integrity, independence, and professionalism. We have always welcomed
change, but have never let go of our values. We intend to keep it that way.
Looking ahead, as the needed structural changes get under way in the Indian financial
market, the future appears quite promising. Given your support and trust in us,
our closer association with our majority-owners Moody’s Investors Service, and our
highly motivated talent pool, I assure you of continued and sustained excellence
in service in the coming years.
With warm regards,
Managing Director & Group CEO