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
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 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 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 (EHEL)
Rationale / Rating Methodologies
Roads [ICRA]D ISSUER NOT COOPERATING -- -- -- --
East West Seeds India Private Limited
Rationale / Rating Methodologies
Seeds [ICRA]BBB+ ISSUER NOT COOPERATING -- -- -- Stable
East West Seeds India Private Limited
Rationale / Rating Methodologies
Seeds -- -- [ICRA]A2 ISSUER NOT COOPERATING -- --
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 Travels Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Eastern Travels Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Eastern Travels Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Eastern Travels Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Eastern Travels Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
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 -- -- -- --
Ecovinal International Private Limited
Rationale / Rating Methodologies
Food and food products -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Ecovinal International Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Ecovinal International Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Edhayam & Co.
Rationale / Rating Methodologies
Trading [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Edhayam & Co.
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Ekam Agro Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Ekam Agro Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Ekam Agro Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Ekta Electricals
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Ekta Electricals
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Ekta Electricals
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Ekta Trust
Rationale / Rating Methodologies
Education [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Ekta Trust
Rationale / Rating Methodologies
Education [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Electropath Services (India) Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Electropath Services (India) Private Limited
Rationale / Rating Methodologies
Construction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Elica Vitrified Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Elica Vitrified Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Elica Vitrified Private Limited
Rationale / Rating Methodologies
Ceramic tiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Elica Vitrified Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Elite Shelters
Rationale / Rating Methodologies
Real estate [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Elite Shelters
Rationale / Rating Methodologies
Real estate [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Eluru Municipal Corporation
Rationale / Rating Methodologies
Public finance [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Embee Ferro Alloy Pvt Ltd
Rationale / Rating Methodologies
Ferrous metals [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Embee Ferro Alloy Pvt Ltd
Rationale / Rating Methodologies
Ferrous metals [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Embee Ferro Alloy Pvt Ltd
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Embee Ferro Alloy Pvt Ltd
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Emerald Alchymicus Private Limited
Rationale / Rating Methodologies
Trading [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Emerald Alchymicus Private Limited
Rationale / Rating Methodologies
Trading -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Eminent Dealers Pvt. Ltd.
Rationale / Rating Methodologies
Plastics -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Eminent Dealers Pvt. Ltd.
Rationale / Rating Methodologies
Plastics [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Eminent Dealers Pvt. Ltd.
Rationale / Rating Methodologies
Plastics [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Emmennar Pharma Private Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Emmennar Pharma Private Limited
Rationale / Rating Methodologies
Pharmaceuticals -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Emmennar Pharma Private Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BB+ ISSUER NOT COOPERATING -- [ICRA]A4+ ISSUER NOT COOPERATING -- Stable
Empee Sugars and Chemicals Limited
Rationale / Rating Methodologies
Sugar [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Empee Sugars and Chemicals Limited
Rationale / Rating Methodologies
Sugar [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Empee Sugars and Chemicals Limited
Rationale / Rating Methodologies
Sugar -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Empee Sugars and Chemicals Limited
Rationale / Rating Methodologies
Sugar [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
Encarta Pharma Private Limited
Rationale / Rating Methodologies
Medical Products and Devices -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Encarta Pharma Private Limited
Rationale / Rating Methodologies
Medical Products and Devices [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
Encarta Pharma Private Limited
Rationale / Rating Methodologies
Medical Products and Devices [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Energo Engineering Projects Limited
Rationale / Rating Methodologies
Construction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Energo Engineering Projects Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Energo Engineering Projects Limited
Rationale / Rating Methodologies
Construction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Eneroil Offshore Drilling Limited
Rationale / Rating Methodologies
Oil and Gas [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Eneroil Offshore Drilling Limited
Rationale / Rating Methodologies
Oil and Gas -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Eneroil Offshore Drilling Limited
Rationale / Rating Methodologies
Oil and Gas [ICRA]BB ISSUER NOT COOPERATING -- [ICRA]A4+ ISSUER NOT COOPERATING -- Stable
Enertech Engineering Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Enertech Engineering Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Enertech Engineering Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Enertech Engineering Private Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Enmax Engineering (India) Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Enrich RD Infraprojects Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Enrich RD Infraprojects Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]C+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Enrich RD Infraprojects Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]C+ ISSUER NOT COOPERATING -- -- -- --
Enterprising Enterprises
Rationale / Rating Methodologies
Mining -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Enterprising Enterprises
Rationale / Rating Methodologies
Mining [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Enviro Green Alloys Inc.
Rationale / Rating Methodologies
Non-ferrous metals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Equinox Solutions Limited
Rationale / Rating Methodologies
Engineering [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Equinox Solutions Limited
Rationale / Rating Methodologies
Engineering [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Equiplus (India) Exports Private Limited
Rationale / Rating Methodologies
Footwear and leather products [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Equiplus (India) Exports Private Limited
Rationale / Rating Methodologies
Footwear and leather products -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Equipment Fabricators
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Equipment Fabricators
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Equipment Fabricators
Rationale / Rating Methodologies
Engineering [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Erode Textile Mall Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Eros Minerock Products LLP
Rationale / Rating Methodologies
Utilities [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Eros Minerock Products LLP
Rationale / Rating Methodologies
Utilities [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Eros Minerock Products LLP
Rationale / Rating Methodologies
Utilities -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Ethames Graduate School Private Limited
Rationale / Rating Methodologies
Education [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Ethics Polysack LLP
Rationale / Rating Methodologies
Utilities [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Ethics Polysack LLP
Rationale / Rating Methodologies
Utilities [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Euro Forge Private Limited
Rationale / Rating Methodologies
Footwear and leather products [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Euro Forge Private Limited
Rationale / Rating Methodologies
Footwear and leather products [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Euro Forge Private Limited
Rationale / Rating Methodologies
Footwear and leather products [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Euro Forge Private Limited
Rationale / Rating Methodologies
Footwear and leather products -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Euro Pratik Ispat Private Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Euro Pratik Ispat Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Evan Multi Specialty Hospital and Research Centre Private Limited
Rationale / Rating Methodologies
Healthcare [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Evan Multi Specialty Hospital and Research Centre Private Limited
Rationale / Rating Methodologies
Healthcare [ICRA]D 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