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
Fairyland Foundations Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Farmico Commodities Limited (erstwhile Wadhwani Commodities Trading Pvt. Ltd.)
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Farmico Commodities Limited (erstwhile Wadhwani Commodities Trading Pvt. Ltd.)
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Farmico Commodities Limited (erstwhile Wadhwani Commodities Trading Pvt. Ltd.)
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Fashion Flare International Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
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 -- --
Fedora Sea Foods Private Limited
Rationale / Rating Methodologies
Seafoods [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
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 -- --
Field Motor Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Field Motor Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Field Motor Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Field Motor Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Fine Facets India Private Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Fine Facets India Private Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Finolite Ceramic
Rationale / Rating Methodologies
Utilities [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Fivebros Forgings Pvt. Ltd.
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Fivebros Forgings Pvt. Ltd.
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Fivebros Forgings Pvt. Ltd.
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Fivebros Forgings Pvt. Ltd.
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Fivebros Forgings Pvt. Ltd.
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Fivebros Forgings Pvt. Ltd.
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB+ ISSUER NOT COOPERATING -- [ICRA]A4+ ISSUER NOT COOPERATING -- Stable
Fivebros Forgings Pvt. Ltd.
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Fivebros Forgings Pvt. Ltd.
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Flexi Caps & Polymers Private Limited
Rationale / Rating Methodologies
Packaging -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Flexi Caps & Polymers Private Limited
Rationale / Rating Methodologies
Packaging -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Flexi Caps & Polymers Private Limited
Rationale / Rating Methodologies
Packaging [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Flock Sur India Pvt. Ltd.
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Flourish Paper and Chemicals Limited
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Flourish Paper and Chemicals Limited
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Flourish Paper and Chemicals Limited
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Foods and Feeds
Rationale / Rating Methodologies
Trading [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Fortis Healthcare Holdings Private Limited
Rationale / Rating Methodologies
Healthcare -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Fortis Healthcare Holdings Private Limited
Rationale / Rating Methodologies
Healthcare [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Fortune Bella Casa (Unit of Bardiya Construction Co. Pvt. Ltd.)
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Fortune's Sparsh Healthcare Private Limited
Rationale / Rating Methodologies
Healthcare [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Franco Leome Shoes (P) Ltd.
Rationale / Rating Methodologies
Footwear and leather products [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Frank Lifecare Private Limited
Rationale / Rating Methodologies
Healthcare [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Frank Lifecare Private Limited
Rationale / Rating Methodologies
Healthcare [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
French Motor Car Co. Ltd.
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
French Motor Car Co. Ltd.
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Friends Agro Industries
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Friends Land Developers
Rationale / Rating Methodologies
Real estate [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Fusion Jewellery Manufacturing Co. Pvt. Ltd.
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Fx Multitech Private Limited
Rationale / Rating Methodologies
Distributors [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Fx Multitech Private Limited
Rationale / Rating Methodologies
Distributors [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Fx Multitech Private Limited
Rationale / Rating Methodologies
Distributors [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Fx Multitech Private Limited
Rationale / Rating Methodologies
Distributors -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Fx Multitech Private Limited
Rationale / Rating Methodologies
Distributors -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Fx Multitech Private Limited
Rationale / Rating Methodologies
Distributors -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Fx Multitech Private Limited
Rationale / Rating Methodologies
Distributors [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 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