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
B L Goel & Company
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
B L Goel & Company
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
B. K. Exports
Rationale / Rating Methodologies
Food and food products [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
B. P. Food Products Pvt Ltd
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
B. P. Food Products Pvt Ltd
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
B. P. Food Products Pvt Ltd
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
B. P. Food Products Pvt Ltd
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]D ISSUER NOT COOPERATING -- --
B. R. Sponge & Power Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
B. R. Sponge & Power Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
B. R. Sponge & Power Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
B. V. Cot Spin Industries
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
B. V. Cot Spin Industries
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
B.D. Steels Private Limited
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
B.D. Steels Private Limited
Rationale / Rating Methodologies
Trading [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
B.K. Print And Pack
Rationale / Rating Methodologies
SI Grading [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
B.K. Print And Pack
Rationale / Rating Methodologies
SI Grading [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
B.K.Threshers Pvt. Ltd
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
B.K.Threshers Pvt. Ltd
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
B.K.Threshers Pvt. Ltd
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]D ISSUER NOT COOPERATING -- --
B.K.Threshers Pvt. Ltd
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
B.K.Threshers Pvt. Ltd
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
B.L.D.E University
Rationale / Rating Methodologies
Education [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
B.L.D.E University
Rationale / Rating Methodologies
Education -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
B.L.D.E University
Rationale / Rating Methodologies
Education [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
B.R. Guar Gum Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
B.R. Guar Gum Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
B.S. Agriculture Industries (India)
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
B.S. Agriculture Industries (India)
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
B.V.L. Exports Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Negative
B.V.L. Exports Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Negative
Baba Akhila Sai Jyothi Industries Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Baba Akhila Sai Jyothi Industries Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Baba Akhila Sai Jyothi Industries Private Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Baba Bhuman Shah Ji Rice Mills
Rationale / Rating Methodologies
Food and food products [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Bhuman Shah Ji Rice Mills
Rationale / Rating Methodologies
Food and food products [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Construction Private Limited
Rationale / Rating Methodologies
Construction [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Baba Construction Private Limited
Rationale / Rating Methodologies
Construction [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Baba Jatadhari Agro (India) Pvt Ltd
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Jatadhari Agro (India) Pvt Ltd
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Jhareswar Multipurpose Himghar Private Limited
Rationale / Rating Methodologies
Logistics [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Jhareswar Multipurpose Himghar Private Limited
Rationale / Rating Methodologies
Logistics [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Jhareswar Multipurpose Himghar Private Limited
Rationale / Rating Methodologies
Logistics [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Jhareswar Multipurpose Himghar Private Limited
Rationale / Rating Methodologies
Logistics -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Babanraoji Shinde Sugar And Allied Industries Ltd.
Rationale / Rating Methodologies
Sugar [ICRA]C ISSUER NOT COOPERATING -- -- -- --
Badepally Municipality
Rationale / Rating Methodologies
Public finance [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Bafna Enterprises
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A2 ISSUER NOT COOPERATING -- --
Bafna Enterprises
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BBB ISSUER NOT COOPERATING -- -- -- Stable
Bafna Ginning and Pressing Private Limited
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Bafna Ginning and Pressing Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Bagga Luxury Motorcars LLP
Rationale / Rating Methodologies
Utilities -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Bagga Luxury Motorcars LLP
Rationale / Rating Methodologies
Utilities [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Bahra Educational and Charitable Society
Rationale / Rating Methodologies
Education [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Bahra Educational and Charitable Society
Rationale / Rating Methodologies
Education [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Bahra Educational and Charitable Society
Rationale / Rating Methodologies
Education [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Bajrang Bronze Llp
Rationale / Rating Methodologies
Utilities [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Bajrang Bronze Llp
Rationale / Rating Methodologies
Utilities [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Bajrang Ginning & Pressing Factory
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Balaji Industrial and Agricultural Castings Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Balaji Industrial and Agricultural Castings Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Balaji Industrial and Agricultural Castings Private Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Balaji Infraventures Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Balaji Infraventures Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Balaji Motors
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Balaji Motors
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Balaji Motors
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Balaji Overseas
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Balaji Overseas
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Balaji Overseas
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Balaji Overseas
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Balaji Rail Road Systems Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Balaji Rail Road Systems Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Balaji Rail Road Systems Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Balason Tea Company Private Limited
Rationale / Rating Methodologies
Tea and coffee [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Balason Tea Company Private Limited
Rationale / Rating Methodologies
Tea and coffee -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Baldovino
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Balprada Hotels and Hospitality Services Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Balprada Hotels and Hospitality Services Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Bangalore Institute of Gastroenterology Private Limited
Rationale / Rating Methodologies
Healthcare [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Bangalore Institute of Gastroenterology Private Limited
Rationale / Rating Methodologies
Healthcare [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Bangalore Metallurgicals Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Bangalore Metallurgicals Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Bansal Brothers
Rationale / Rating Methodologies
Ferrous metals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Bansal Brothers
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Bansal Foods (India)
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Bansal Foods (India)
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Bansal Iron & Steel Rolling Mills
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Bansidhar Agarwalla & Co. Pvt Ltd Unit: Chinsurah Cold Storage
Rationale / Rating Methodologies
Logistics [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Bansidhar Agarwalla & Co. Pvt Ltd Unit: Chinsurah Cold Storage
Rationale / Rating Methodologies
Logistics [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Bansidhar Agarwalla & Co. Pvt Ltd Unit: Chinsurah Cold Storage
Rationale / Rating Methodologies
Logistics [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Bansidhar Agarwalla & Co. Pvt Ltd Unit: Chinsurah Cold Storage
Rationale / Rating Methodologies
Logistics [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Baramati Tollways Private Limited
Rationale / Rating Methodologies
Roads [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Barani Ferrocast Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Barani Ferrocast Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Barani Ferrocast Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Barasat Krishnagar Expressways Limited
Rationale / Rating Methodologies
Roads [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Bardhaman Agro Products (I) Pvt. Ltd.
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Bardhaman Agro Products (I) Pvt. Ltd.
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Baroda Agro Chemicals Limited
Rationale / Rating Methodologies
Chemicals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Baroda Agro Chemicals Limited
Rationale / Rating Methodologies
Chemicals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Baroda Agro Chemicals Limited
Rationale / Rating Methodologies
Chemicals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Recent Releases

  • Bajaj Electricals Limited: Ratings revised to [ICRA]A-(Negative)/[ICRA]A2+; outlook remains Negative

    Rationale / 15 Nov 2019

  • GTN Industries Limited: Long-term rating upgraded to [ICRA]B(Stable); Short-term rating reaffirmed

    Rationale / 15 Nov 2019

  • T S Alloys Limited: Ratings reaffirmed and placed on Rating watch wT S Alloys Limited: Ratings reaffirmed and placed on Rating watch with developing implications ith developing implications

    Rationale / 15 Nov 2019