ICRA An Affiliate of Moody's

About Us
About Us

ICRA Limited is an Independent and professional investment information & Credit Rating Agency.
Know more
Profile

ICRA Limited

Vision & Values

To be the preferred partner in providing best in class ...

Leadership

ICRA Limited

The ICRA Group

ICRA Limited

CSR & Sustainability

ICRA envisions to make stronger communities ...

Life At ICRA

Life at ICRA inspires you to give your best and make most ...

Moody's.com

ICRA Limited

Company Announcements

Keep stakeholders informed about important updates
Ratings
Ratings

As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating
Know more
Ratings Coverage

Corporate Debt Ratings

Financial Sector Ratings

Structured Finance Ratings

Infrastructure Sector Ratings

Other Ratings
Approach & Methodologies

Rating Methodologies

Rating Scale

Guide to Credit Ratings

Ratings Performance

FAQ
Rating Rationales

Pranee Infrastructure Pvt. Ltd.: Continues to remain under issuer Non-Cooperating category 15 Apr 2026

Late Shri Vishnu Waman Thakur Charitable Trust: Continues to remain under issuer non-cooperating category 15 Apr 2026

Shantai Exim Limited: Ratings Withdrawn 15 Apr 2026
Research
ICRA Research

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
Know more
Research Offerings

Banking & Financial Services

Economy

Outlook

Corporate

Climate Series

Cross-sectoral trends & outlook

Structured Finance
Special Comments

West Asia conflict-led surge in energy prices drove WPI inflation to 38-month high 3.9% in March 2026; April print foreseen at 4.8% 15 Apr 2026

India’s merchandise trade deficit narrowed in March 2026, amid conflict-led dip in imports; CAD set to rise to 1.7% of GDP in FY2027 15 Apr 2026

Insolvency and Bankruptcy Code (IBC) 13 Apr 2026
Most Trending Reports

ICRA's Outlook for FY2027 01 Apr 2026

Portfolio growth to remain healthy notwithstanding some moderation; managing asset quality will remain crucial 31 Mar 2026

Industry volume growth to moderate in FY2027 31 Mar 2026
Credit Perspective
About Credit Perspective Reports

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
Know more
Special Comments

West Asia conflict-led surge in energy prices drove WPI inflation to 38-month high 3.9% in March 2026; April print foreseen at 4.8% 15 Apr 2026

India’s merchandise trade deficit narrowed in March 2026, amid conflict-led dip in imports; CAD set to rise to 1.7% of GDP in FY2027 15 Apr 2026

Insolvency and Bankruptcy Code (IBC) 13 Apr 2026
Most Trending Research

ICRA's Outlook for FY2027 01 Apr 2026

Portfolio growth to remain healthy notwithstanding some moderation; managing asset quality will remain crucial 31 Mar 2026

Industry volume growth to moderate in FY2027 31 Mar 2026
Explore Latest Reports
Find now
Media
Media & Events

Insights, Events & News Coverage

Newsletter

Webinars

TV Coverage

Events

Podcast

Photo Gallery

Know more
Upcoming Webinars

Banking Outlook: Growth and Profitability in an Uncertain Geopolitical Environment 22 Apr 2026 04:00 PM
What's in the news?

NBFCs likely to report strong Q4 profit despite margin pressure - Business Standard 15 April 2026

Shelter from Spike n Supply Storm - Economic Times 15 April 2026

IBC overhaul aims to cut delays boost recoveries - Business Standard 14 April 2026
Contact Us

Esmart Energy Solutions Limited

Sector : Consumer Durables Sub Sectors : Consumer Electronics

Friday, June 11, 2021 Esmart Energy Solutions Limited: Esmart Energy Solutions Limited-CPR-11062021

Home Credit Perspective Reports Esmart Energy Solutions Limited

Entity-Specific Rating Rationales

16 Jan 2025

Esmart Energy Solutions Limited: Ratings upgraded to [ICRA]BBB (Stable)/ [ICRA]A3+

Entity-Specific Credit Perspective Reports

11 Jun 2021

Esmart Energy Solutions Limited

Esmart Energy Solutions Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Fund based- Working Capital Facilities	--	--	[ICRA]BBB(Stable)	--
Term Loan	--	--	[ICRA]BBB(Stable)	--
Non-fund Based: Working Capital Facilities	[ICRA]A3+	--	--	--

Our Analysts

Analyst 1

Karan Gupta

91 22 6114 3421
karan.gupta@icraindia.com

Analyst 2

Suprio Banerjee

+91 22 61143443
supriob@icraindia.com

Sector Head

Shamsher Dewan

124 4545 328
shamsherd@icraindia.com

Most Trending Research Reports

Rating Rationales

Webinars

View all

Banking Outlook: Growth and Profitability in an Uncertain Geopolitical Environment

Karthik Srinivasan,Anil Gupta,Sachin Sachdeva

22 Apr 2026 04:00 PM

Credit Quality Trends and ICRA’s Outlook for FY2027

Mr. K Ravichandran,Ms. Aditi Nayar,Mr. Pratik Singhania

01 Apr 2026 04:00 PM

Want to Listen

PPT

Road sector hits a slow lane as project awarding moderates

Mr. Suprio Banerjee,Mr. M Rajashekar Reddy

25 Feb 2026 04:00 PM

Want to Listen

PPT

View all

Podcast

New CPI and GDP Series | FY27 Growth and Inflation Outlook | ICRA Insight by Aditi Nayar

Mar 2026

Media Release

Ask Our Industry Analyst Get in touch with our Business Representative

Please enter your name

Please enter your mobile number

Please enter your email id

Please enter your company name

Name should not be greater than 50 characters

Please choose sector

Please enter your query

Query to have atleast ten characters

Query should not be greater than 1,000 characters

Please verify you are not a Robot.