2. Ratings
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 Corporate Governance Rating, Stakeholder Value and Governance Rating, Credit Risk Rating of Debt Mutual Funds, Rating of Claims Paying Ability of Insurance Companies, Project Finance Rating, Line of Credit Rating and Valuation of Principal Protected-Market Linked Debentures (PP-MLD).
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+ -- -- -- Stable
A B Renewable Energy Pvt Ltd
Rationale / Rating Methodologies 		Power [ICRA]BB- -- -- -- Stable
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 		Miscellaneous [ICRA]BB -- -- -- Stable
A N Associates
Rationale / Rating Methodologies 		Miscellaneous -- -- [ICRA]A4 -- --
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 		Miscellaneous [ICRA]BB+ -- -- -- Stable
A One Ispat Private Limited
Rationale / Rating Methodologies 		Miscellaneous [ICRA]BB+ -- -- -- Stable
A One Ispat Private Limited
Rationale / Rating Methodologies 		Miscellaneous [ICRA]BB+ -- -- -- Stable
A One Steels India Private Limited
Rationale / Rating Methodologies 		Ferrous metals ^ -- -- -- --
A P R Textiles
Rationale / Rating Methodologies 		Textiles -- -- * -- --
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 [ICRA]BBB- -- -- -- Negative
A S K Brothers Ltd
Rationale / Rating Methodologies 		Tourism Hotels and restaurant [ICRA]BBB- -- -- -- Negative
A S Moloobhoy & Sons
Rationale / Rating Methodologies 		Miscellaneous ^ -- ^ -- --
A Shama Rao Foundation
Rationale / Rating Methodologies 		Education [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
A Shama Rao Foundation
Rationale / Rating Methodologies 		Education [ICRA]BB+ 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. L. Infracon Pvt Ltd
Rationale / Rating Methodologies 		Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
A. K. L. Infracon Pvt Ltd
Rationale / Rating Methodologies 		Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
A. R. Stanchem Pvt.Ltd
Rationale / Rating Methodologies 		Chemicals [ICRA]A- ISSUER NOT COOPERATING -- -- -- Stable
A. R. Stanchem Pvt.Ltd
Rationale / Rating Methodologies 		Chemicals -- -- [ICRA]A2+ ISSUER NOT COOPERATING -- --
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]A- -- -- -- Stable
A.H. Memorial Educational Trust
Rationale / Rating Methodologies 		Education [ICRA]A- -- -- -- Stable
A.H.Alloys
Rationale / Rating Methodologies 		Ferrous metals ^ -- -- -- --
A.J. Mehta & Co. LLP
Rationale / Rating Methodologies 		Gems and jewellery [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
A.J. Mehta & Co. LLP
Rationale / Rating Methodologies 		Gems and jewellery [ICRA]BB ISSUER NOT COOPERATING -- [ICRA]A4+ ISSUER NOT COOPERATING -- 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. Breweries Private Limited
Rationale / Rating Methodologies 		Breweries and Distilleries [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
A.M. Breweries Private Limited
Rationale / Rating Methodologies 		Breweries and Distilleries [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
A.M. Breweries Private Limited
Rationale / Rating Methodologies 		Breweries and Distilleries -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
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 		Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
A.R. Dairy Food Private limited
Rationale / Rating Methodologies 		Food and food products [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
A.R. Dairy Food Private limited
Rationale / Rating Methodologies 		Food and food products [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
A.R. Dairy Food Private limited
Rationale / Rating Methodologies 		Food and food products [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
A.R. Dairy Food Private limited
Rationale / Rating Methodologies 		Food and food products -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
A.R. Dairy Food Private limited
Rationale / Rating Methodologies 		Food and food products -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
A.S. Moloobhoy Private Limited
Rationale / Rating Methodologies 		Miscellaneous [ICRA]BB -- [ICRA]A4+ -- Stable
A.S. Moloobhoy Private Limited
Rationale / Rating Methodologies 		Miscellaneous -- -- [ICRA]A4+ -- --
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 		Agricultural Produce -- -- [ICRA]A2 -- --
Aachi Masala Foods Private Limited
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]BBB+ -- -- -- Stable
Aachi Masala Foods Private Limited
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]BBB+ -- -- -- Stable
Aachi Spices And Foods Private Limited
Rationale / Rating Methodologies 		Agricultural Produce * -- -- -- --
Aachi Spices And Foods Private Limited
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]BBB+(SO) -- -- -- Stable
Aachi Spices And Foods Private Limited
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]BBB+(SO) -- -- -- Stable
Aachi Spices And Foods Private Limited
Rationale / Rating Methodologies 		Agricultural Produce -- -- [ICRA]A2(SO) -- --
Aadarsh Extrusion Pvt. Ltd.
Rationale / Rating Methodologies 		Non-ferrous metals [ICRA]B -- -- -- Stable
Aadarsh Extrusion Pvt. Ltd.
Rationale / Rating Methodologies 		Non-ferrous metals [ICRA]B -- -- -- Stable
Aadarsh Extrusion Pvt. Ltd.
Rationale / Rating Methodologies 		Non-ferrous metals [ICRA]B -- [ICRA]A4 -- Stable
Aadarshini Real Estate Developers Private Limited
Rationale / Rating Methodologies 		Real estate [ICRA]A+ -- -- -- Positive
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 -- -- -- --
Aadhi Vinayaga Spinners
Rationale / Rating Methodologies 		Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- --
Aadhi Vinayaga Spinners
Rationale / Rating Methodologies 		Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- --
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
Recent Releases
  • The Government Tele-communication Employees’ Co-operative Society Limited: Rating downgraded to [ICRA]D; remains in ‘Issuer Not cooperating’ category

    Rationale / 23 May 2019

  • Variety Lumbers Private Limited: Rating upgraded to [ICRA]C/A4

    Rationale / 23 May 2019

  • Uttar Pradesh Rajkiya Nirman Nigam Ltd.: Short term rating assigned at [ICRA]A3+; Long term rating reaffirmed

    Rationale / 23 May 2019

Read more
ICRA Special Comments
Insolvency And Bankruptcy Code May 2019; Financial Creditors Expected to Realise more than Rs 800 Billion through the IBC in FY2020
Corporate sector / May 2019 Value of M&A deals in hospital sector jumped by 155% in FY2019; highest in over five years: ICRA
Hospital / May 2019 Financial Markets & Banking Update April 2019; Goi – Fully Serviced Bond Issuances Supports Growth In Corporate Bond Issuance For Fy2019
Financial Markets & Banking Update / Apr 2019 Read more