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Entity-Specific Rating Rationales

24 Oct 2025

Aarti International Limited: Ratings reaffirmed and assigned for enhanced amount

27 Jan 2025

Aarti International Limited: Ratings reaffirmed; outlook revised to Stable from Negative

29 Jul 2024

Aarti International Limited: Ratings reaffirmed; outlook revised to Negative from Stable

13 Jul 2023

Aarti International Limited: Ratings reaffirmed

17 Jan 2023

Aarti International Limited: [ICRA]A- (Stable)/ [ICRA]A2+ assigned

Entity-Specific Credit Perspective Reports

07 Nov 2025

Aarti International Limited

Aarti International Limited (Non-SF)

21 Aug 2024

Aarti International Limited

Aarti International Limited (Non-SF)

07 Feb 2023

Aarti International Limited

Aarti International Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Term Loan	--	--	[ICRA]A-(Stable)	--
Non fund based	[ICRA]A2+	--	[ICRA]A-(Stable)	--
Unallocated Limit	[ICRA]A2+	--	[ICRA]A-(Stable)	--
Short-Term Fund based – Others - Electronic vendor finance scheme	[ICRA]A2+	--	--	--
Short-Term – Fund Based – Working Capital Demand Loan	[ICRA]A2+	--	--	--
Fund Based Cash Credit	--	--	[ICRA]A-(Stable)	--
Cash Credit	--	--	*	--
Term Loan	--	--	*	--
Letter of Credit	*	--	--	--
Bank Guarantee	--	--	*	--

Our Analysts

Analyst 1

Geetika Mamtani

91 124 4545 832
geetika.mamtani@icraindia.com

Analyst 2

Ramakrishnan G S

4445964300
g.ramakrishnan@icraindia.com

Sector Head

Jitin Makkar

9873339826
jitinm@icraindia.com

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Aarti International Limited

Entity-Specific Rating Rationales

Entity-Specific Credit Perspective Reports

Ratings

Our Analysts

Geetika Mamtani

Ramakrishnan G S

Jitin Makkar

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