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Entity-Specific Rating Rationales

01 Apr 2026

Avaada Indsolar Private Limited: Rating reaffirmed; rating reaffirmed and withdrawn for bank guarantee

Avaada Indsolar Private Limited: Rating reaffirmed; rating reaffirmed and withdrawn for bank guarantee

24 Mar 2025

Avaada Indsolar Private Limited: Rating reaffirmed

Avaada Indsolar Private Limited: Rating reaffirmed

03 Jan 2024

Avaada IndSolar Private Limited – [ICRA]A- (Stable) assigned

Avaada IndSolar Private Limited – [ICRA]A- (Stable) assigned

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Entity-Specific Credit Perspective Reports

15 Apr 2026

Avaada IndSolar Private Limited

Avaada IndSolar Private Limited (Non-SF)

23 Apr 2025

Avaada IndSolar Private Limited

Avaada IndSolar Private Limited (Non-SF)

29 Jan 2024

Avaada IndSolar Private Limited

Avaada IndSolar Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term – Non-fund based – Bank guarantee -- -- Withdrawn --
Long-term – Fund-based – Term Loan -- -- [ICRA]A-(Stable) --

Our Analysts

Analyst 1

Rohit Shahu

Analyst 2

Asmita Pant

Sector Head

Girish kumar Kadam
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