ICRA An Affiliate of Moody's

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ICRA Limited is an Independent and professional investment information & Credit Rating Agency.
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As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating
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Rating Rationales

Progfin Private Limited: Provisional [ICRA]A1(SO) assigned to Series A1 PTC to be issued by Gabriel 09 2025 07 Oct 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Provisional [ICRA]AAA(SO) assigned to Series A1 PTCs backed by a pool of home loan receivables issued by Star HFC Trust Sept 2025 06 Oct 2025

Farm India Impex Private Limited: Ratings moved to Issuer Not Cooperating category 06 Oct 2025
Research
ICRA Research

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

Actual SGS issuance in Q3 FY2026 could modestly exceed the indicated Rs. 2.8 trillion 06 Oct 2025

Monthly Research Compendium 06 Oct 2025

Above-normal SW Monsoon rainfall, healthy kharif sowing, upbeat rabi outlook to augur well for agri-GVA growth 03 Oct 2025
Most Trending Reports

HFCs holding ground: Growth intact but margins under watch; sectoral performance to remain Stable 31 Jul 2025

NBFCs hit the slow lane as demand tapers 31 Jul 2025

Persistent asset quality challenges to dampen profitability and growth expectations in FY2026 29 Aug 2025
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

Actual SGS issuance in Q3 FY2026 could modestly exceed the indicated Rs. 2.8 trillion 06 Oct 2025

Monthly Research Compendium 06 Oct 2025

Above-normal SW Monsoon rainfall, healthy kharif sowing, upbeat rabi outlook to augur well for agri-GVA growth 03 Oct 2025
Most Trending Research

HFCs holding ground: Growth intact but margins under watch; sectoral performance to remain Stable 31 Jul 2025

NBFCs hit the slow lane as demand tapers 31 Jul 2025

Persistent asset quality challenges to dampen profitability and growth expectations in FY2026 29 Aug 2025
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What's in the news?

Sales of domestic 2-wheelers likely to grow 6-9% - Financial Express 24 September 2025

Smaller brokerage houses confront existential crisis - Financial Express 23 September 2025

Biz gets GST push as govt engages public - Mint 23 September 2025
Contact Us

Emmvee Photovoltaic Power Limited

Sector : Electrical Equipment Sub Sectors : Other Electrical Equipment

03 Oct 2025 Emmvee Photovoltaic Power Limited: Emmvee Photovoltaic Power Limited-CPR-03102025

Home Credit Perspective Reports Emmvee Photovoltaic Power Limited

Entity-Specific Rating Rationales

27 Aug 2025

Emmvee Photovoltaic Power Limited: Ratings upgraded to [ICRA]A-(Stable)/[ICRA]A2+; outlook revised to Stable from Positive

24 Oct 2024

Emmvee Photovoltaic Power Private Limited: Ratings reaffirmed; outlook revised to Positive

08 Sep 2023

Emmvee Photovoltaic Power Private Limited: Ratings reaffirmed; outlook revised to Negative; rated amount enhanced

Entity-Specific Credit Perspective Reports

03 Oct 2025

Emmvee Photovoltaic Power Limited

Emmvee Photovoltaic Power Limited (Non-SF)

21 Nov 2024

Emmvee Photovoltaic Power Limited

Emmvee Photovoltaic Power Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Fund-based-limits	[ICRA]A2+	--	[ICRA]A-(Stable)	--
Non-fund based facility	[ICRA]A2+	--	[ICRA]A-(Stable)	--
Long term – Fund based – Term loans	--	--	[ICRA]A-(Stable)	--

Our Analysts

Analyst 1

Chinmay Sheth

7940271550
chinmay.sheth@icraindia.com

Analyst 2

Sankalpa Mohapatra

+914040676534
Sankalpa.mohapatra@icraindia.com

Sector Head

Girishkumar Kashiram Kadam

9324026665
girishkumar@icraindia.com

Most Trending Research Reports

Rating Rationales

Webinars

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Credit Quality Trends and Performance of ICRA-Assigned Ratings in H1 FY2026

Mr. K Ravichandran,Mr. Pratik Singhania

01 Oct 2025 04:00 PM

Want to Listen

The Indian Pharmaceutical Industry- Industry at a Crossroads: Navigating Global Challenges and Local Opportunities

Ms. Kinjal Shah,Mr. Deepak Jotwani

18 Sep 2025 04:00 PM

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PPT

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Podcast

Residential Real Estate: Has the Rush Peaked? | Insights by Sweta Shroff

Sep 2025

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