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Entity-Specific Rating Rationales

16 Sep 2025

Gravita India Limited: Ratings reaffirmed

Gravita India Limited: Ratings reaffirmed

28 Mar 2025

Gravita India Limited: Ratings upgraded to [ICRA]AA-(Stable)/[ICRA]A1+ for bank loan and withdrawn for issuer rating

Gravita India Limited: Ratings upgraded to [ICRA]AA-(Stable)/[ICRA]A1+ for bank loan and withdrawn for issuer rating

24 Jun 2024

Gravita India Limited: Ratings reaffirmed; rated amount enhanced

Gravita India Limited: Ratings reaffirmed; rated amount enhanced

05 Oct 2023

Gravita India Limited: Ratings upgraded and outlook revised to Stable

Gravita India Limited: Ratings upgraded and outlook revised to Stable

20 Jul 2023

Gravita India Limited: Change in Limits

Gravita India Limited: Change in Limits

13 Jan 2023

Gravita India Limited: [ICRA]A (Positive)/[ICRA]A2+; assigned

Gravita India Limited: [ICRA]A (Positive)/[ICRA]A2+; assigned

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Entity-Specific Credit Perspective Reports

10 Oct 2025

Gravita India Limited

Gravita India Limited (Non-SF)

28 Apr 2025

Gravita India Limited

Gravita India Limited (Non-SF)

22 Jul 2024

Gravita India Limited

Gravita India Limited (Non-SF)

30 Oct 2023

Gravita India Limited

Gravita India Limited (Non-SF)

13 Feb 2023

Gravita India Limited

Gravita India Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Issuer rating -- -- Withdrawn --
Term Loans -- -- Withdrawn --
Fund Based -- -- [ICRA]AA-(Stable) --
LT/ST – Interchangeable – Fund based/Non-fund based – Others [ICRA]A1+ -- [ICRA]AA-(Stable) --
bank facilities * -- * --

Our Analysts

Analyst 1

Prerna Aggarwal

Analyst 2

Sumit Jhunjhunwala

Sector Head

Girishkumar Kashiram Kadam
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