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
C I Finlease Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
C Mahendra Infojewels Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
C.G. Chandrappa
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
C.G. Chandrappa
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
C.G. Ispat Private Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
C.G. Ispat Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
C.G. Ispat Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
C.P. Arora Engineers-Contractors Pvt. Ltd.
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
C.P. Arora Engineers-Contractors Pvt. Ltd.
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
C.P. Arora Engineers-Contractors Pvt. Ltd.
Rationale / Rating Methodologies
Construction [ICRA]C ISSUER NOT COOPERATING -- -- -- --
Cairo International
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Cairo International
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Cairo International
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Call Express Construction India Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Call Express Construction India Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Canon Ball Fashions
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Canpex Chemicals Private Limited
Rationale / Rating Methodologies
Chemicals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Canpex Chemicals Private Limited
Rationale / Rating Methodologies
Chemicals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Canpex Chemicals Private Limited
Rationale / Rating Methodologies
Chemicals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Capital Clothing Company
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Capital Clothing Company
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Capital Clothing Company
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Capital Steel Corporation
Rationale / Rating Methodologies
Shipbreaking [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Capital Steel Corporation
Rationale / Rating Methodologies
Shipbreaking -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Capital Steel Corporation
Rationale / Rating Methodologies
Shipbreaking -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Captab Biotec Unit - II
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Captab Biotec Unit - II
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Captab Biotec Unit - II
Rationale / Rating Methodologies
Pharmaceuticals -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Caravan Oil Suppliers
Rationale / Rating Methodologies
Trading [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Carbon Edge Industries Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Carbon Edge Industries Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Carbon Edge Industries Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Carbon Edge Industries Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Carbon Edge Industries Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB+ ISSUER NOT COOPERATING -- [ICRA]A4+ ISSUER NOT COOPERATING -- Stable
Cargo Motors (Guj.) Pvt. Ltd.
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]BBB ISSUER NOT COOPERATING -- -- -- Stable
Carona Industries Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Carona Industries Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Carona Industries Private Limited
Rationale / Rating Methodologies
Textiles -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Carona Industries Private Limited
Rationale / Rating Methodologies
Textiles -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Carona Industries Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Carona Knit Wear
Rationale / Rating Methodologies
Textiles [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Carona Knit Wear
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Carona Knit Wear
Rationale / Rating Methodologies
Textiles [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
CDR Projects Private Limited
Rationale / Rating Methodologies
Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
CDR Projects Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
CDR Projects Private Limited
Rationale / Rating Methodologies
Construction [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Ceejay Finance Limited
Rationale / Rating Methodologies
NBFC [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Cenosphere India Pvt Ltd
Rationale / Rating Methodologies
Miscellaneous [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Cenosphere India Pvt Ltd
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Cenosphere India Pvt Ltd
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Cenosphere India Pvt Ltd
Rationale / Rating Methodologies
Miscellaneous [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Centric Steel Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Century Joint Development Pvt Ltd
Rationale / Rating Methodologies
Real estate [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Negative
Chadha Sugars & Industries Limited
Rationale / Rating Methodologies
Sugar -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Chadha Sugars & Industries Limited
Rationale / Rating Methodologies
Sugar [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Chadha Sugars & Industries Limited
Rationale / Rating Methodologies
Sugar [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Chadha Sugars & Industries Limited
Rationale / Rating Methodologies
Sugar [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Chaitanya Chemicals
Rationale / Rating Methodologies
Chemicals [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Chaitanya Chemicals
Rationale / Rating Methodologies
Chemicals [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Chaitanya Enterprises
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Chalapathi Educational Society
Rationale / Rating Methodologies
Education [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Chalapathi Educational Society
Rationale / Rating Methodologies
Education [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Chalapathi Educational Society
Rationale / Rating Methodologies
Education [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Chandan Tea Industries Private Limited
Rationale / Rating Methodologies
Tea and coffee -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Chandan Tea Industries Private Limited
Rationale / Rating Methodologies
Tea and coffee [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Chandan Textiles
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Chandan Textiles
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Chandan Trading Company Private Limited
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Chandan Trading Corporation
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Chanderpur Works Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Chanderpur Works Private Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Chanditala Blue Print
Rationale / Rating Methodologies
Trading [ICRA]C ISSUER NOT COOPERATING -- -- -- --
Chandralok Textile Industries Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Chandri Paper & Allied Products Private limited
Rationale / Rating Methodologies
Chemicals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Chandri Paper & Allied Products Private limited
Rationale / Rating Methodologies
Chemicals -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Chanvim Engineering (India) Private Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Chanvim Engineering (India) Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Chanvim Engineering (India) Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Chayagraphics Healthcare Private Limited
Rationale / Rating Methodologies
Medical Products and Devices [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Chayagraphics Healthcare Private Limited
Rationale / Rating Methodologies
Medical Products and Devices -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Cheema Spintex Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Cheema Spintex Limited
Rationale / Rating Methodologies
Textiles -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Chemtrade Overseas Private Limited
Rationale / Rating Methodologies
Trading [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Chennai Textiles
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Chennai United Metal Industries Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Chhatrapati Sambhaji Raje Sakhar Udyog Limited
Rationale / Rating Methodologies
Sugar [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Chidambaram Shipcare Private Limited
Rationale / Rating Methodologies
Shipbuilding [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Chidambaram Shipcare Private Limited
Rationale / Rating Methodologies
Shipbuilding [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Chidambaram Shipcare Private Limited
Rationale / Rating Methodologies
Shipbuilding -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Chiddarwar Construction Company Private Limited
Rationale / Rating Methodologies
Construction [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Chiddarwar Construction Company Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Chilakalurupet Municipality
Rationale / Rating Methodologies
Public finance [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Chintamani Gems & Jewellery Private Limited
Rationale / Rating Methodologies
Gems and jewellery [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Chintamanis Jewellery Arcade Pvt. Ltd.
Rationale / Rating Methodologies
Gems and jewellery [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Chintamanis Jewellery Arcade Pvt. Ltd.
Rationale / Rating Methodologies
Gems and jewellery [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Chintamanis Jewellery Arcade Pvt. Ltd.
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Chirag Agrofins Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Chirayu Charitable Foundation
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Chirayu Charitable Foundation
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Chokshi Texlen Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
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