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Home Credit Perspective Reports Granules India Limited
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Entity-Specific Rating Rationales

19 Jan 2026

Granules India Limited: Long term rating upgraded to [ICRA]AA (Stable) and short term rating reaffirmed

Granules India Limited: Long term rating upgraded to [ICRA]AA (Stable) and short term rating reaffirmed

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06 Nov 2024

Granules India Limited: Ratings reaffirmed

Granules India Limited: Ratings reaffirmed

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28 Sep 2023

Granules India Limited: Long-term rating assigned and short-term rating reaffirmed; rated amount enhanced

Granules India Limited: Long-term rating assigned and short-term rating reaffirmed; rated amount enhanced

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07 Aug 2023

Granules India Limited: [ICRA]A1+ assigned

Granules India Limited: [ICRA]A1+ assigned

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Entity-Specific Credit Perspective Reports

17 Feb 2026

Granules India Limited

Granules India Limited (Non-SF)

02 Dec 2024

Granules India Limited

Granules India Limited (Non-SF)

06 Oct 2023

Granules India Limited

Granules India Limited (Non-SF)

05 Sep 2023

Granules India Limited

Granules India Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term short-term fund-based/ non-fund based limits [ICRA]A1+ -- [ICRA]AA(Stable) --

Our Analysts

Analyst 1

Gaurav Kushwaha

Analyst 2

Deepak Jotwani

Sector Head

Jitin Makkar
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