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
E C Blades and Tools Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
E Durables
Rationale / Rating Methodologies
Consumer durables ^ -- ^ -- --
E I Technologies Private Limited
Rationale / Rating Methodologies
Engineering * -- -- -- --
E Polymers Private Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers ^ -- -- -- --
E To E Transportation Infrastructure Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]BB+ -- -- -- Stable
E To E Transportation Infrastructure Private Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4+ -- --
E To E Transportation Infrastructure Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]BB+ -- [ICRA]A4+ -- Stable
E&C Projects Private Limited
Rationale / Rating Methodologies
Engineering ^ -- ^ -- --
E. G. Pharmaceuticals
Rationale / Rating Methodologies
Pharmaceuticals ^ -- ^ -- --
E.K.K. and Co.
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
E.K.S. Spinners Private Limited
Rationale / Rating Methodologies
Textiles ^ -- ^ -- --
E.S.S.M. Educational & Charitable Trust
Rationale / Rating Methodologies
Education * -- -- -- --
E.V. Homes Constructions Private Limited
Rationale / Rating Methodologies
Real estate * -- -- -- --
Eagle Autopearl Private Limited
Rationale / Rating Methodologies
Automobile Dealerships ^ -- -- -- --
Eagle Continental Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]BB+ -- [ICRA]A4+ -- Stable
Eagle Continental Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]BB+ -- -- -- Stable
Eagle Continental Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]BB+ -- [ICRA]A4+ -- Stable
Eagle Electricals
Rationale / Rating Methodologies
Construction * -- * -- --
Eagle Extrusion Private Limited
Rationale / Rating Methodologies
Non-ferrous metals * -- * -- --
Eagle Fibres Private Limited
Rationale / Rating Methodologies
Textiles ^ -- ^ -- --
Eagle Hunter Solutions Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
Eagle Sizers
Rationale / Rating Methodologies
Textiles ^ -- ^ -- --
Eagle Steels Rolling Mills Pvt. Ltd.
Rationale / Rating Methodologies
Real estate ^ -- ^ -- --
Earthcon Developers Pvt. Ltd.
Rationale / Rating Methodologies
Real estate [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Eashwara Sai Cotton Industries
Rationale / Rating Methodologies
Textiles [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
East Africa Mobiles Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
East Africa Motors Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
East Coast Constructions & Industries Limited
Rationale / Rating Methodologies
Construction ^ -- ^ -- --
East Coast Energy Private Limited
Rationale / Rating Methodologies
Power [ICRA]D ISSUER NOT COOPERATING -- -- -- --
East Coast Energy Private Limited
Rationale / Rating Methodologies
Power [ICRA]D ISSUER NOT COOPERATING -- -- -- --
East Coast Engineering Company
Rationale / Rating Methodologies
Oil and Gas [ICRA]BB- -- -- -- Stable
East Coast Engineering Company
Rationale / Rating Methodologies
Oil and Gas -- -- [ICRA]A4 -- --
East Delhi Municipal Corporation
Rationale / Rating Methodologies
Public finance * -- -- -- --
East End Technologies Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
East End Technologies Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
East End Technologies Private Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
East End Technologies Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
East Hyderabad Expressway Limited
Rationale / Rating Methodologies
Roads [ICRA]D ISSUER NOT COOPERATING -- -- -- --
East India Laminates Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
East India Pharmaceutical Works Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BBB- -- -- -- Stable
East India Pharmaceutical Works Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BBB- -- -- -- Stable
East India Pharmaceutical Works Limited
Rationale / Rating Methodologies
Pharmaceuticals -- -- [ICRA]A3 -- --
East India Pharmaceutical Works Limited
Rationale / Rating Methodologies
Pharmaceuticals -- -- [ICRA]A3 -- --
East India Pharmaceutical Works Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BBB- -- [ICRA]A3 -- Stable
East India Securities Limited
Rationale / Rating Methodologies
Broking Companies * -- * -- --
East India Technologies Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BBB -- -- -- Stable
East India Technologies Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A3+ -- --
East India Udyog Ltd.
Rationale / Rating Methodologies
Power -- -- [ICRA]A3 -- --
East India Udyog Ltd.
Rationale / Rating Methodologies
Power [ICRA]BBB- -- -- -- Stable
East India Udyog Ltd.
Rationale / Rating Methodologies
Power -- -- [ICRA]A3 -- --
East India Udyog Ltd.
Rationale / Rating Methodologies
Power [ICRA]BBB- -- [ICRA]A3 -- Stable
East North Interconnection Company Limited
Rationale / Rating Methodologies
Power * -- -- -- --
East West Freight Carriers Limited
Rationale / Rating Methodologies
Logistics ^ -- ^ -- --
East West Products Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
East West Seeds India Private Limited
Rationale / Rating Methodologies
Seeds [ICRA]BBB+ -- -- -- Stable
East West Seeds India Private Limited
Rationale / Rating Methodologies
Seeds -- -- [ICRA]A2 -- --
East West Seeds India Private Limited
Rationale / Rating Methodologies
Seeds -- -- [ICRA]A2 -- --
Eastern Comnets Limited
Rationale / Rating Methodologies
Distributors ^ -- ^ -- --
Eastern Copper Manufacturing Company Private Limited
Rationale / Rating Methodologies
Non-ferrous metals ^ -- ^ -- --
Eastern Engineering Company Private Limited
Rationale / Rating Methodologies
Engineering * -- * -- --
Eastern Foods Private Limited
Rationale / Rating Methodologies
Agricultural Produce ^ -- -- -- --
Eastern Gases Limited
Rationale / Rating Methodologies
Oil and Gas [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Eastern Gases Limited
Rationale / Rating Methodologies
Oil and Gas -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Eastern Hatcheries Private Limited
Rationale / Rating Methodologies
Poultry ^ -- ^ -- --
Eastern Himalaya Breweries Private Limited
Rationale / Rating Methodologies
Breweries and Distilleries * -- -- -- --
Eastern India Powertech Limited
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
Eastern Infratech
Rationale / Rating Methodologies
Packaging ^ -- ^ -- --
Eastern Logica Infoway Limited
Rationale / Rating Methodologies
Retail ^ -- -- -- --
Eastern Steels & Power Limited
Rationale / Rating Methodologies
Ferrous metals * -- * -- --
Eastern Surgical Company
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 -- --
Eastern Surgical Company
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 -- --
Eastern Surgical Company
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB -- -- -- Stable
Eastern Surgical Company
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB -- -- -- Stable
Eastern Surgical Company
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB -- -- -- Stable
Eastern Travels Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant * -- * -- --
Eastmade Spices & Herbs Pvt. Ltd.
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B -- -- -- Stable
Eastmade Spices & Herbs Pvt. Ltd.
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B -- -- -- Stable
Eastman Auto & Power Limited
Rationale / Rating Methodologies
Electronics and Electricals ^ -- ^ -- --
Eastman Industrial Company
Rationale / Rating Methodologies
Miscellaneous * -- * -- --
Eastman Mettcast Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]C+ ISSUER NOT COOPERATING -- -- -- --
Eastman Mettcast Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]C+ ISSUER NOT COOPERATING -- -- -- --
Easun Reyrolle Limited
Rationale / Rating Methodologies
Electronics and Electricals ^ -- -- -- --
Ebenezer Cashew Company
Rationale / Rating Methodologies
Agricultural Produce -- -- ^ -- --
Ebro India Private Limited
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A1 -- --
Ecap Equities Limited
Rationale / Rating Methodologies
Other Financial Companies [ICRA]A+ -- -- -- Negative
Ecap Equities Limited
Rationale / Rating Methodologies
Other Financial Companies [ICRA]A+PP-MLD -- -- -- Negative
Ecap Equities Limited
Rationale / Rating Methodologies
Other Financial Companies -- -- [ICRA]A1PP-MLD -- --
Ecap Equities Limited
Rationale / Rating Methodologies
Other Financial Companies -- -- [ICRA]A1 -- --
Ecap Equities Limited
Rationale / Rating Methodologies
Other Financial Companies [ICRA]A+PP-MLD -- -- -- Negative
Ecap Equities Limited
Rationale / Rating Methodologies
Other Financial Companies -- -- * -- --
ECE Industries Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A2 -- --
ECE Industries Limited
Rationale / Rating Methodologies
Engineering [ICRA]BBB -- -- -- Stable
Echelon Educational & Welfare Society
Rationale / Rating Methodologies
Education ^ -- -- -- --
Echjay Forgings Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB+ -- -- -- Stable
Echjay Forgings Private Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4+ -- --
ECIL Rapiscan Limited
Rationale / Rating Methodologies
Engineering [ICRA]A- -- -- -- Stable
ECIL Rapiscan Limited
Rationale / Rating Methodologies
Engineering [ICRA]A- -- -- -- Stable
ECIL Rapiscan Limited
Rationale / Rating Methodologies
Engineering [ICRA]A- -- -- -- Stable
E-City Digital Cinemas Private Limited
Rationale / Rating Methodologies
Media and Entertainment ^ -- -- -- --
ECL Finance Limited
Rationale / Rating Methodologies
NBFC [ICRA]A+ -- -- -- Negative