As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating Agencies in the country today. ICRA rates rupee-denominated debt instruments issued by manufacturing companies, commercial banks, non-banking finance companies, financial institutions, public sector undertakings and municipalities, among others. ICRA also rates structured obligations and sector-specific debt obligations such as instruments issued by Power, Telecom and Infrastructure companies. The other services offered include Credit Risk Rating of Debt Mutual Funds, an Independent Credit Evaluation (ICE) of the residual debt in entities under the RBI’s framework for resolution of stressed assets and Rating of security receipts issued by Asset Reconstruction Companies (ARCs) as required by RBI.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All

Company Name Sector Name Long Term Medium Term Short Term Issuer Outlook
A & L Apparels Pvt Ltd
Rationale / Rating Methodologies
Textiles [ICRA]BB+ -- -- -- Stable
A & L Apparels Pvt Ltd
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4+ -- --
A & L Apparels Pvt Ltd
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4+ -- --
A & L Apparels Pvt Ltd
Rationale / Rating Methodologies
Textiles [ICRA]BB+ -- [ICRA]A4+ -- Stable
A B Gold Private Limited
Rationale / Rating Methodologies
Gems and jewellery ^ -- -- -- --
A B Grain Spirits Private Limited
Rationale / Rating Methodologies
Breweries and Distilleries ^ -- ^ -- --
A B Motions Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
A B Renewable Energy Private Limited
Rationale / Rating Methodologies
Power * -- -- -- --
A G Aerovision Electronics Private Limited
Rationale / Rating Methodologies
Consumer durables ^ -- ^ -- --
A M Kanniappa Mudaliar & A M K Jambulinga Mudaliar Educational Trust
Rationale / Rating Methodologies
Education ^ -- -- -- --
A N Associates
Rationale / Rating Methodologies
Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
A N Associates
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
A N Buildwell Private Limited
Rationale / Rating Methodologies
Real estate ^ -- -- -- --
A One Ceramic Private Limited
Rationale / Rating Methodologies
Ceramic tiles ^ -- ^ -- --
A One Ispat Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BBB- -- -- -- Stable
A One Ispat Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BBB- -- -- -- Stable
A One Ispat Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BBB- -- -- -- Stable
A One Steels India Private Limited
Rationale / Rating Methodologies
Ferrous metals ^ -- -- -- --
A P Goyal Shimla University
Rationale / Rating Methodologies
Education [ICRA]B -- -- -- Stable
A P R Textiles
Rationale / Rating Methodologies
Textiles -- -- * -- --
A Plus Design House Llp
Rationale / Rating Methodologies
Real estate [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
A Power Himalayas Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
A S Cargo Movers Private Limited
Rationale / Rating Methodologies
Logistics ^ -- -- -- --
A S Enterprise
Rationale / Rating Methodologies
Gems and jewellery -- -- ^ -- --
A S K Brothers Ltd
Rationale / Rating Methodologies
Tourism Hotels and restaurant * -- -- -- --
A S Moloobhoy & Sons
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
A Shama Rao Foundation
Rationale / Rating Methodologies
Education [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
A Shama Rao Foundation
Rationale / Rating Methodologies
Education [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
A&A Modular Systems
Rationale / Rating Methodologies
Retail ^ -- ^ -- --
A&J Microns Private Limited
Rationale / Rating Methodologies
Utilities * -- * -- --
A&J Microns Private Limited
Rationale / Rating Methodologies
Utilities * -- -- -- --
A&J Microns Private Limited
Rationale / Rating Methodologies
Utilities * -- -- -- --
A&J Microns Private Limited
Rationale / Rating Methodologies
Utilities -- -- * -- --
A. K. Das Associates Limited
Rationale / Rating Methodologies
Construction [ICRA]BB- -- -- -- Stable
A. K. Das Associates Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 -- --
A. K. Das Associates Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 -- --
A. K. L. Infracon Pvt Ltd
Rationale / Rating Methodologies
Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
A. K. L. Infracon Pvt Ltd
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
A. R. Stanchem Pvt.Ltd
Rationale / Rating Methodologies
Chemicals * -- * -- --
A. S. Export
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A3 -- --
A. S. Steel Traders (VSP) Private Limited
Rationale / Rating Methodologies
Trading * -- * -- --
A.A. Snack
Rationale / Rating Methodologies
Food and food products ^ -- ^ -- --
A.B Rice Mills
Rationale / Rating Methodologies
Agricultural Produce ^ -- -- -- --
A.D. Wine
Rationale / Rating Methodologies
Breweries and Distilleries ^ -- -- -- --
A.G. Industries (Bawal) Pvt Ltd
Rationale / Rating Methodologies
Auto Ancillaries [ICRA]AA- -- -- -- Stable
A.G. Industries (Bawal) Pvt Ltd
Rationale / Rating Methodologies
Auto Ancillaries [ICRA]AA- -- -- -- Stable
A.G. Industries Pvt. Limited
Rationale / Rating Methodologies
Auto Ancillaries [ICRA]AA- -- -- -- Stable
A.G. Industries Pvt. Limited
Rationale / Rating Methodologies
Auto Ancillaries -- -- [ICRA]A1+ -- --
A.G. Industries Pvt. Limited
Rationale / Rating Methodologies
Auto Ancillaries [ICRA]AA- -- -- -- Stable
A.G. Industries Pvt. Limited
Rationale / Rating Methodologies
Auto Ancillaries [ICRA]AA- -- [ICRA]A1+ -- Stable
A.H. Memorial Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BBB+ -- -- -- Negative
A.H. Memorial Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BBB+ -- -- -- Negative
A.H. Memorial Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BBB+ -- -- -- Negative
A.H.Alloys
Rationale / Rating Methodologies
Ferrous metals ^ -- -- -- --
A.J. Mehta & Co. LLP
Rationale / Rating Methodologies
Gems and jewellery [ICRA]BB -- -- -- Stable
A.J. Mehta & Co. LLP
Rationale / Rating Methodologies
Gems and jewellery [ICRA]BB -- [ICRA]A4+ -- Stable
A.L.A Chemicals Private Limited
Rationale / Rating Methodologies
Construction ^ -- ^ -- --
A.M. Bhanderi
Rationale / Rating Methodologies
Construction [ICRA]BB -- -- -- Stable
A.M. Bhanderi
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4+ -- --
A.M. Fisheries
Rationale / Rating Methodologies
Seafoods ^ -- ^ -- --
A.M. Textiles and Knitwears Limited
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
A.M.N. Jewellers Private Limited
Rationale / Rating Methodologies
Gems and jewellery * -- * -- --
A.M.N. Jewellers Private Limited
Rationale / Rating Methodologies
Gems and jewellery * -- * -- --
A.P.R. Ginn And Pressing Mills
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
A.R. Dairy Food Private limited
Rationale / Rating Methodologies
Food and food products * -- * -- --
A.S. Moloobhoy Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
A.S. Moloobhoy Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
A.S. Reddy Infratech Private Limited
Rationale / Rating Methodologies
Construction ^ -- ^ -- --
A.S. Transport Private Limited
Rationale / Rating Methodologies
Logistics ^ -- ^ -- --
A.S.T. Pipes Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
A.V. Infraprojects Private Limited
Rationale / Rating Methodologies
Trading ^ -- ^ -- --
A2K Epic Decor Private Limited
Rationale / Rating Methodologies
Timbers and Plywood etc * -- * -- --
AA Nutts
Rationale / Rating Methodologies
Agricultural Produce ^ -- ^ -- --
AAA Paper Marketing Limited
Rationale / Rating Methodologies
Paper ^ -- ^ -- --
Aachi Masala Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]BBB+ -- -- -- Stable
Aachi Masala Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]BBB+ -- -- -- Stable
Aachi Masala Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]BBB+ -- -- -- Stable
Aachi Special Foods Private Limited
Rationale / Rating Methodologies
Food and food products -- -- [ICRA]A3 -- --
Aachi Special Foods Private Limited
Rationale / Rating Methodologies
Food and food products -- -- [ICRA]A3 -- --
Aachi Special Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]BBB- -- -- -- Stable
Aachi Spices And Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]BBB+(CE) -- -- -- Stable
Aachi Spices And Foods Private Limited
Rationale / Rating Methodologies
Food and food products -- -- [ICRA]A2(CE) -- --
Aadarsh Extrusion Pvt. Ltd.
Rationale / Rating Methodologies
Non-ferrous metals * -- * -- --
Aadarshini Real Estate Developers Private Limited
Rationale / Rating Methodologies
Real estate * -- -- -- --
Aadarshini Real Estate Developers Private Limited
Rationale / Rating Methodologies
Real estate * -- -- -- --
Aadhaar Seeds Private Limited
Rationale / Rating Methodologies
Seeds ^ -- -- -- --
Aadhaar Seeds Private Limited
Rationale / Rating Methodologies
Seeds ^ -- ^ -- --
Aadhar Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Company -- -- * -- --
Aadhar Housing Finance Limited (formerly known as DHFL Vysya Housing Finance Limited)
Rationale / Rating Methodologies
Housing Finance Company -- -- [ICRA]A1+ -- --
Aadhar Housing Finance Limited (formerly known as DHFL Vysya Housing Finance Limited)
Rationale / Rating Methodologies
Housing Finance Company * -- -- -- --
Aadhi Cars Private Limited
Rationale / Rating Methodologies
Automobile Dealerships ^ -- -- -- --
Aadhi Vinayaga Spinners
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Aadhi Vinayaga Spinners
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Aadhi Vinayaga Spinners
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Aadi Plastics Industries Private Limited
Rationale / Rating Methodologies
Packaging ^ -- -- -- --
Aadi Polymers Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB -- -- -- Stable
Aadi Polymers Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB -- [ICRA]A4 -- Stable
Aadi Polymers Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 -- --
Aadinath Probuild (India) Private Limited
Rationale / Rating Methodologies
Real estate ^ -- -- -- --
Aai Krupa Cotton Industries
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Recent Releases

  • Adinath Silks Private Limited (Erst Adinath Silks Limited): Moved to Non-Cooperating category, Ratings downgraded based on best available information

    Rationale / 29 Sep 2020

  • Goldcoin Foam Private Limited: Rating Withdrawn

    Rationale / 29 Sep 2020

  • Andhra Pradesh Urban Finance and Infrastructure Development Corporation Ltd.: Rating assigned

    Rationale / 29 Sep 2020