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
F Harley & Company Private Limited
Rationale / Rating Methodologies
Engineering ^ -- ^ -- --
F&K Agro Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BB+ -- -- -- Stable
F&K Agro Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BB+ -- -- -- Stable
F&K Agro Private Limited
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4+ -- --
F6 Finserve Private Limited
Rationale / Rating Methodologies
Broking ^ -- -- -- --
Fab Trade Private Limited
Rationale / Rating Methodologies
Trading ^ -- ^ -- --
Fabfit Apparels (India) Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]BB+ -- -- -- Stable
Fabfit Apparels (India) Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]BB+ -- -- -- Stable
Fabknit India Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
Fabtech Technologies International Limited
Rationale / Rating Methodologies
Medical Products and Devices ^ -- ^ -- --
Fabulla Ceramics Private Limited
Rationale / Rating Methodologies
Ceramic tiles ^ -- ^ -- --
Facor Alloys Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]D -- --
Facor Alloys Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D -- -- -- --
Facor Alloys Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D -- -- -- --
Facor Steels Limited
Rationale / Rating Methodologies
Ferrous metals ^ -- ^ -- --
Faery Estates Private Limited
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
Faery Estates Private Limited
Rationale / Rating Methodologies
Miscellaneous * -- * -- --
Fahrenheit Clothing India Private Limited
Rationale / Rating Methodologies
Textiles ^ -- ^ -- --
Fair Exports (India) Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A2 -- --
Fair Exports (India) Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BBB+ -- -- -- Stable
Fairdeal Jumbo Packaging Private Limited
Rationale / Rating Methodologies
Plastics ^ -- ^ -- --
Fairfreight Lines Private Limited
Rationale / Rating Methodologies
Logistics * -- -- -- --
Fairfreight Lines Private Limited
Rationale / Rating Methodologies
Logistics * -- -- -- --
Fairfreight Lines Private Limited
Rationale / Rating Methodologies
Logistics * -- * -- --
Fairwealth Commodity Broking Private Limited
Rationale / Rating Methodologies
Broking -- -- * -- --
Fairyland Foundations Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Faith Buildtech Private Limited
Rationale / Rating Methodologies
Real estate ^ -- -- -- --
Faith Lumber Pvt. Ltd.
Rationale / Rating Methodologies
Building materials [ICRA]B+ -- -- -- Stable
Faith Lumber Pvt. Ltd.
Rationale / Rating Methodologies
Building materials [ICRA]B+ -- [ICRA]A4 -- Stable
Faith Lumber Pvt. Ltd.
Rationale / Rating Methodologies
Building materials [ICRA]B+ -- [ICRA]A4 -- Stable
Faithful Commercial Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
Faiz Industries
Rationale / Rating Methodologies
Textiles [ICRA]B+ -- -- -- Stable
Faiz Industries
Rationale / Rating Methodologies
Textiles [ICRA]B+ -- -- -- Stable
Faiz Industries
Rationale / Rating Methodologies
Textiles [ICRA]B+ -- -- -- Stable
Falcon Business Resources Private Limited
Rationale / Rating Methodologies
Miscellaneous * -- * -- --
Falcon Pumps Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]BBB+ -- -- -- Stable
Falcon Pumps Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]BBB+ -- -- -- Stable
Falcon Pumps Private Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A2 -- --
Falcon Yarns Private Limited
Rationale / Rating Methodologies
Utilities * -- * -- --
Family Healthcare Hospital
Rationale / Rating Methodologies
Healthcare * -- -- -- --
Famous Vitrified Private Limited
Rationale / Rating Methodologies
Textiles * -- * -- --
Fancy Fittings Limited
Rationale / Rating Methodologies
Plastics ^ -- ^ -- --
Fantastic Hospitality Services Pvt Ltd
Rationale / Rating Methodologies
Tourism Hotels and restaurant ^ -- ^ -- --
Faradays Industries Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant ^ -- -- -- --
Farida Shoes Private Limited
Rationale / Rating Methodologies
Footwear and leather products [ICRA]BBB -- -- -- Positive
Farida Shoes Private Limited
Rationale / Rating Methodologies
Footwear and leather products -- -- [ICRA]A3+ -- --
Farida Shoes Private Limited
Rationale / Rating Methodologies
Footwear and leather products -- -- [ICRA]A3+ -- --
Farmers Agriculture Credit Co-Operative Society Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 -- --
Farmico Commodities Limited (erstwhile Wadhwani Commodities Trading Pvt. Ltd.)
Rationale / Rating Methodologies
Trading [ICRA]B+ -- -- -- Stable
Farmico Commodities Limited (erstwhile Wadhwani Commodities Trading Pvt. Ltd.)
Rationale / Rating Methodologies
Trading [ICRA]B+ -- -- -- Stable
Farmico Commodities Limited (erstwhile Wadhwani Commodities Trading Pvt. Ltd.)
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 -- --
Farms India Chicken
Rationale / Rating Methodologies
Poultry ^ -- -- -- --
Farmson Pharmaceutical Gujarat Pvt. Ltd.
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]A- -- -- -- Stable
Farmson Pharmaceutical Gujarat Pvt. Ltd.
Rationale / Rating Methodologies
Pharmaceuticals -- -- [ICRA]A2+ -- --
Farooq Constructions
Rationale / Rating Methodologies
Construction [ICRA]D -- -- -- --
Fashion Flare International Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Fashion Flare International Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Fashion Flare International Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Fashion Global Retail Limited
Rationale / Rating Methodologies
Retail * -- * -- --
Fashionage Corporation Private Limited
Rationale / Rating Methodologies
Textiles * -- * -- --
Fastbuild Blocks Private Limited
Rationale / Rating Methodologies
Building materials [ICRA]D -- [ICRA]D -- --
Fastrack Dealcomm Private Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers * -- * -- --
Fatehpuria Transformers and Switchgears Private Limited
Rationale / Rating Methodologies
Electronics and Electricals ^ -- ^ -- --
Favourite Agency Private Limited
Rationale / Rating Methodologies
Trading -- -- ^ -- --
Featherlite Products Pvt. Ltd.
Rationale / Rating Methodologies
Miscellaneous * -- * -- --
Federal Agro Industries Pvt. Ltd.
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
Federal Engineers
Rationale / Rating Methodologies
Engineering [ICRA]BBB -- [ICRA]A2 -- Stable
Federal Engineers
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A2 -- --
Federation of Indian Mineral Industries
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
Fedora Sea Foods Private Limited
Rationale / Rating Methodologies
Seafoods [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Feedback Brisa Highways OMT Pvt Ltd
Rationale / Rating Methodologies
Consulting * -- -- -- --
Feedback Energy Distribution Company Limited
Rationale / Rating Methodologies
Consulting * -- -- -- --
Feedback Infra Private Limited
Rationale / Rating Methodologies
Consulting * -- * -- --
Feedback Infra Private Limited
Rationale / Rating Methodologies
Consulting * -- -- -- --
Feedback Infra Private Limited
Rationale / Rating Methodologies
Consulting * -- * -- --
Feedback Infra Private Limited
Rationale / Rating Methodologies
Consulting * -- * -- --
Fekari Infrastructure Private Limited
Rationale / Rating Methodologies
Roads ^ -- -- -- --
Ferns Builders & Developers
Rationale / Rating Methodologies
Real estate * -- -- -- --
Ferns Icon
Rationale / Rating Methodologies
Engineering * -- -- -- --
Ferro Alloys Corporation Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D -- -- -- --
Ferro Alloys Corporation Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]D -- --
Ferro Alloys Corporation Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D -- -- -- --
Ferro-Concrete Construction (India) Private Limited
Rationale / Rating Methodologies
Construction ^ -- ^ -- --
Ferromet Steels Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Ferromet Steels Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Ferromet Steels Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Ferromet Steels Private Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Ferrovia Transrail Solutions Pvt. Ltd.
Rationale / Rating Methodologies
Construction * -- -- -- --
Ferrovia Transrail Solutions Pvt. Ltd.
Rationale / Rating Methodologies
Construction -- -- * -- --
Fertichem Cotspin Limited
Rationale / Rating Methodologies
Textiles ^ -- ^ -- --
Fiat India Automobiles Private Limited
Rationale / Rating Methodologies
Automobile OEMs [ICRA]AA- -- -- -- Stable
Fiat India Automobiles Private Limited
Rationale / Rating Methodologies
Automobile OEMs -- -- [ICRA]A1+ -- --
Fiat India Automobiles Private Limited
Rationale / Rating Methodologies
Automobile OEMs [ICRA]AA- -- [ICRA]A1+ -- Stable
Fiat India Automobiles Private Limited
Rationale / Rating Methodologies
Automobile OEMs [ICRA]AA- -- -- -- Stable
Field Motor Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Field Motor Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Field Motor Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Field Motor Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
FIL Fund Management Private Limited
Rationale / Rating Methodologies
Asset Management Companies mfA1+ -- -- -- --
FIL Fund Management Private Limited
Rationale / Rating Methodologies
Asset Management Companies mfAAA -- -- -- --
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