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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

Sify Digital Services Limited: Ratings reaffirmed 05 Feb 2026

Jammu Smart Metering Private Limited: [ICRA]AA- (Stable); assigned 05 Feb 2026

Genus Marudhara Smart Metering SPV Private Limited: [ICRA]AA- (Stable); Assigned 05 Feb 2026
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

Key Indian sectors to benefit significantly from FTA, given EU’s role as a major trading partner 04 Feb 2026

16th FC: Several economically stronger states to benefit from change in their inter-se share, despite retention of tax devolution at 41% 03 Feb 2026

Union Budget 2026-2027 01 Feb 2026
Most Trending Reports

NBFC -Retail assets under management to cross Rs. 30 lakh crore by FY2027 30 Jan 2026

Growth spurt continues in December, channel inventory down too 23 Jan 2026

Bank credit growth picked up sharply, while high bond yields limited the rise in bond issuances in Q3 FY2026; trend remains monitorable in Q4 FY2026 29 Jan 2026
Credit Perspective
About Credit Perspective Reports

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

Key Indian sectors to benefit significantly from FTA, given EU’s role as a major trading partner 04 Feb 2026

16th FC: Several economically stronger states to benefit from change in their inter-se share, despite retention of tax devolution at 41% 03 Feb 2026

Union Budget 2026-2027 01 Feb 2026
Most Trending Research

NBFC -Retail assets under management to cross Rs. 30 lakh crore by FY2027 30 Jan 2026

Growth spurt continues in December, channel inventory down too 23 Jan 2026

Bank credit growth picked up sharply, while high bond yields limited the rise in bond issuances in Q3 FY2026; trend remains monitorable in Q4 FY2026 29 Jan 2026
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Upcoming Webinars

Beyond the GST Boost: Can India’s Auto Demand Sustain Its Momentum? 11 Feb 2026 04:00 PM
What's in the news?

Budget math appears relatively credible - The Hindu Business Line 02 February 2026

In focus: MSMEs manufacturing - Business Standard 02 February 2026

OPINION Economic Survey shines the light on growth in times of external uncertainty - Moneycontrol 30 January 2026
Contact Us

Axis Securities Limited

Sector : Capital Markets Sub Sectors : Stockbroking & Allied

05 Feb 2026 Axis Securities Limited: Axis Securities Limited-CPR-05022026

Home Credit Perspective Reports Axis Securities Limited

Entity-Specific Rating Rationales

31 Dec 2025

Axis Securities Limited: Ratings reaffirmed

03 Feb 2025

Axis Securities Limited: Ratings reaffirmed

06 Aug 2024

Axis Securities Limited: Ratings reaffirmed; rated amount enhanced

27 Mar 2024

Axis Securities Limited: Ratings reaffirmed; rated amount enhanced

30 Nov 2023

Axis Securities Limited: Ratings reaffirmed

Entity-Specific Credit Perspective Reports

05 Feb 2026

Axis Securities Limited

Axis Securities Limited (Non-SF)

24 Feb 2025

Axis Securities Limited

Axis Securities Limited (Non-SF)

20 Dec 2023

Axis Securities Limited

Axis Securities Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Commercial Paper	[ICRA]A1+	--	--	--
Long term Short Term – Fund based/ non-fund-based bank lines	[ICRA]A1+	--	[ICRA]AAA(Stable)	--
Non-Convertible Debentures	--	--	[ICRA]AAA(Stable)	--

Our Analysts

Analyst 1

Niharika Tomar

1244545324
niharika.tomar@icraindia.com

Analyst 2

Deep Inder Singh

+91 124 4545830
deep.singh@icraindia.com

Sector Head

Karthik Srinivasan

+91 22 61143444
karthiks@icraindia.com

Most Trending Research Reports

Rating Rationales

Webinars

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Beyond the GST Boost: Can India’s Auto Demand Sustain Its Momentum?

Jitin Makkar,Srikumar Krishnamurthy

11 Feb 2026 04:00 PM

Union Budget FY2027

K. Ravichandran, Aditi Nayar, Karthik Srinivasan

02 Feb 2026 04:00 PM

Want to Listen

PPT

ICRA Webinar on the Indian Hospital Industry

Jitin Makkar

21 Jan 2026 04:00 PM

Want to Listen

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Podcast

Budget FY2027 | Healthcare and Pharma Sector Expectations | ICRA Podcast by Kinjal Shah

Jan 2026

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