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
H B Oil Industries
Rationale / Rating Methodologies
Textiles ^ -- -- -- --
H D Enterprises
Rationale / Rating Methodologies
Mining [ICRA]BB- -- -- -- Stable
H D Enterprises
Rationale / Rating Methodologies
Mining [ICRA]BB- -- -- -- Stable
H D Enterprises
Rationale / Rating Methodologies
Mining -- -- [ICRA]A4 -- --
H D Enterprises
Rationale / Rating Methodologies
Mining [ICRA]BB- -- [ICRA]A4 -- Stable
H K Cotton Industries
Rationale / Rating Methodologies
Textiles ^ -- ^ -- --
H N Construction Private Limited
Rationale / Rating Methodologies
Construction [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
H N Construction Private Limited
Rationale / Rating Methodologies
Construction [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
H R Builders
Rationale / Rating Methodologies
Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
H R Builders
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
H R Charitable Trust
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
H S Sandhu Builders Pvt. Ltd.
Rationale / Rating Methodologies
Construction ^ -- ^ -- --
H Sherul & Company
Rationale / Rating Methodologies
Gems and jewellery -- -- ^ -- --
H.D. Wires Private Limited
Rationale / Rating Methodologies
Cables ^ -- ^ -- --
H.G. Infra Engineering Limited
Rationale / Rating Methodologies
Construction [ICRA]A -- -- -- Stable
H.G. Infra Engineering Limited
Rationale / Rating Methodologies
Construction [ICRA]A -- -- -- Stable
H.G. Infra Engineering Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A1 -- --
H.G. Infra Engineering Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A1 -- --
H.K. Agro Impex
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
H.K. Agro Impex
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
H.K. Agro Impex
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
H.K. Agro Impex
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
H.M. Industrial Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
H.M. Industries
Rationale / Rating Methodologies
Textiles ^ -- -- -- --
H.P. Madhukar & Co.
Rationale / Rating Methodologies
Construction ^ -- ^ -- --
H.R. Educational Foundation Trust
Rationale / Rating Methodologies
Education [ICRA]D -- -- -- --
H.R. Steels Private Limited
Rationale / Rating Methodologies
Ferrous metals ^ -- -- -- --
H.S.India Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant ^ -- ^ -- --
H.S.Weavers Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
H.S.Weavers Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
H.S.Weavers Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
H.V. Metal Arc Private Limited
Rationale / Rating Methodologies
Ferrous metals ^ -- ^ -- --
H’Reck Engineers Private Limited
Rationale / Rating Methodologies
Gems and jewellery ^ -- ^ -- --
Haamid Real Estates Private Limited
Rationale / Rating Methodologies
Real estate * -- -- -- --
Habib Textiles Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Habitat Micro Build India Housing Finance Company Pvt Ltd
Rationale / Rating Methodologies
Housing Finance Company [ICRA]BBB- -- -- -- Stable
Haco Machinery Private Limited
Rationale / Rating Methodologies
Engineering ^ -- -- -- --
Hafele India Private Limited
Rationale / Rating Methodologies
Distributors [ICRA]A+ -- [ICRA]A1 -- Stable
Hafele India Private Limited
Rationale / Rating Methodologies
Distributors [ICRA]A+ -- [ICRA]A1 -- Stable
Hafele India Private Limited
Rationale / Rating Methodologies
Distributors -- -- [ICRA]A1 -- --
Hafele India Private Limited
Rationale / Rating Methodologies
Distributors [ICRA]A+ -- [ICRA]A1 -- Stable
Haideri Timber Pvt. Ltd.
Rationale / Rating Methodologies
Utilities * -- * -- --
Haji Alimohamed Moosa & Co.
Rationale / Rating Methodologies
Textiles * -- * -- --
Hajipur Municipal Council
Rationale / Rating Methodologies
Public finance * -- -- -- --
Halcyon Life Sciences Private Limited
Rationale / Rating Methodologies
Agricultural Produce ^ -- -- -- --
Haldhar Developers Private Limited
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
Haldia Energy Limited
Rationale / Rating Methodologies
Power -- -- [ICRA]A1+ -- --
Haldia Municipality
Rationale / Rating Methodologies
Public finance [ICRA]BBB -- -- -- Stable
Haldia Petrochemicals Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]AA -- -- -- Stable
Haldia Petrochemicals Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers -- -- [ICRA]A1+ -- --
Haldia Petrochemicals Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers -- -- [ICRA]A1+ -- --
Haldia Petrochemicals Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]AA -- -- -- Stable
Haldia Petrochemicals Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]AA -- -- -- Stable
Haldia Petrochemicals Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]AA -- [ICRA]A1+ -- Stable
Haldia Petrochemicals Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]AA -- -- -- Stable
Haldia Steels Limited
Rationale / Rating Methodologies
Ferrous metals ^ -- ^ -- --
Haldiram Educational Society
Rationale / Rating Methodologies
Education * -- -- -- --
Haldiram Ethnic Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]A -- -- -- Stable
Haldiram Foods International Private Limited
Rationale / Rating Methodologies
Food and food products * -- -- -- --
Haldiram Foods International Private Limited
Rationale / Rating Methodologies
Food and food products -- -- * -- --
Haldiram Manufacturing Company Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]A+ -- -- -- Stable
Haldiram Manufacturing Company Private Limited
Rationale / Rating Methodologies
Food and food products -- -- [ICRA]A1+ -- --
Haldiram Marketing Pvt. Ltd.
Rationale / Rating Methodologies
Food and food products [ICRA]A -- -- -- Stable
Haldiram Marketing Pvt. Ltd.
Rationale / Rating Methodologies
Food and food products -- -- [ICRA]A1 -- --
Haldiram Products Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]A -- -- -- Stable
Haldiram Products Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]A -- -- -- Stable
Haldiram Snacks Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]AA -- -- -- Stable
Haldiram Snacks Private Limited
Rationale / Rating Methodologies
Food and food products * -- * -- --
Haldwani Municipal Corporation
Rationale / Rating Methodologies
Public finance * -- -- -- --
Hallelu CLM Footwear LLP
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
Hallmark Steel Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Halonix Technologies Pvt. Ltd.
Rationale / Rating Methodologies
Electronics and Electricals [ICRA]BBB- -- -- -- Stable
Halonix Technologies Pvt. Ltd.
Rationale / Rating Methodologies
Electronics and Electricals -- -- [ICRA]A3 -- --
Hamsa Minerals & Exports
Rationale / Rating Methodologies
Building materials [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Hamsa Minerals & Exports
Rationale / Rating Methodologies
Building materials [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Hamsa Minerals & Exports
Rationale / Rating Methodologies
Building materials -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Hamsa Minerals & Exports
Rationale / Rating Methodologies
Building materials [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
Hand in Hand India
Rationale / Rating Methodologies
Microfinance Institution [ICRA]B+ -- -- -- Stable
Handicrafts Collections (India) Private Limited
Rationale / Rating Methodologies
Textiles -- -- ^ -- --
Handloom Bhandar
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Handloom Bhandar
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Handloom Bhandar
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Hanil Lear India Private Limited
Rationale / Rating Methodologies
Auto Ancillaries -- -- * -- --
Hanjer Biotech Energies Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
Hans Industries Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Hans Industries Private Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Hans Rubber & Sports Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
Hansa Metallics Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
Hansoge Enterprises Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant * -- -- -- --
Hansoge Enterprises Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant * -- -- -- --
Hansoge Enterprises Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant * -- -- -- --
Hansraj Memorial Education Society
Rationale / Rating Methodologies
Education ^ -- -- -- --
Hanuman Agro Products
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Hanuman Agro Products
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Hanuman Agro Products
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Hanuman Agro Products
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Hanuman Alloys Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
Hanuman Dal Industries
Rationale / Rating Methodologies
Agricultural Produce ^ -- -- -- --
Hanuman Foods
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Hanuman Foods
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Recent Releases

  • ISSUER NOT COOPERATING due to Non-Submission of No Default Statement (NDS)

    Rationale / 15 Jul 2019

  • ISSUER NOT COOPERATING due to Non-Submission of No Default Statement (NDS)

    Rationale / 15 Jul 2019

  • Mantra Buildcrafts LLP: Rating reaffirmed

    Rationale / 15 Jul 2019