2. Ratings
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
M A Khizar Hussain & Sons
Rationale / Rating Methodologies 		Auto Ancillaries -- -- * -- --
M B Ceramic LLP
Rationale / Rating Methodologies 		Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
M B Ceramic LLP
Rationale / Rating Methodologies 		Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
M B Patil Construction Limited
Rationale / Rating Methodologies 		Construction * -- * -- --
M B Patil Construction Limited
Rationale / Rating Methodologies 		Construction * -- -- -- --
M B Patil Construction Limited
Rationale / Rating Methodologies 		Construction -- -- * -- --
M B Patil Construction Limited
Rationale / Rating Methodologies 		Construction * -- -- -- --
M D Overseas limited
Rationale / Rating Methodologies 		Trading ^ -- -- -- --
M E Energy Private Limited
Rationale / Rating Methodologies 		Miscellaneous ^ -- ^ -- --
M Ganesh
Rationale / Rating Methodologies 		Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
M Ganesh
Rationale / Rating Methodologies 		Construction [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
M J Casting Limited
Rationale / Rating Methodologies 		Auto Ancillaries * -- * -- --
M K Roy & Bros Projects Private Limited
Rationale / Rating Methodologies 		Construction [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
M K Roy & Bros Projects Private Limited
Rationale / Rating Methodologies 		Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
M K Roy & Bros Projects Private Limited
Rationale / Rating Methodologies 		Construction [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
M K Shipping & Allied Industries Private Limited
Rationale / Rating Methodologies 		Miscellaneous ^ -- ^ -- --
M Kantilal Exports
Rationale / Rating Methodologies 		Gems and jewellery -- -- ^ -- --
M L Rice Mills
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
M L Rice Mills
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
M M Creations
Rationale / Rating Methodologies 		Real estate ^ -- ^ -- --
M M Exports (India)
Rationale / Rating Methodologies 		Textiles -- -- ^ -- --
M Mahesh Shenoy
Rationale / Rating Methodologies 		Tourism Hotels and restaurant ^ -- -- -- --
M N Polytex Private Limited
Rationale / Rating Methodologies 		Textiles ^ -- -- -- --
M P Khaitan
Rationale / Rating Methodologies 		Construction * -- -- -- --
M P Recycling Company Private Limited
Rationale / Rating Methodologies 		Shipbreaking ^ -- ^ -- --
M R Agro Industries
Rationale / Rating Methodologies 		Agricultural Produce * -- * -- --
M R Shah Logistics Private Limited
Rationale / Rating Methodologies 		Miscellaneous * -- * -- --
M R Steel Corporation
Rationale / Rating Methodologies 		Trading * -- * -- --
M S Ahuja Agro Foods Private Limited
Rationale / Rating Methodologies 		Agricultural Produce ^ -- -- -- --
M S Corporation
Rationale / Rating Methodologies 		Real estate * -- -- -- --
M S Khurana Engineering Limited
Rationale / Rating Methodologies 		Construction ^ -- ^ -- --
M S Metals & Steels Private Limited
Rationale / Rating Methodologies 		Trading ^ -- ^ -- --
M S Ramaiah Developers And Builders Pvt Ltd
Rationale / Rating Methodologies 		Construction [ICRA]BBB -- -- -- Stable
M S Ramaiah Developers And Builders Pvt Ltd
Rationale / Rating Methodologies 		Construction [ICRA]BBB+ -- -- -- Stable
M S Ramaiah Foundation
Rationale / Rating Methodologies 		Education [ICRA]D -- -- -- --
M S Ramaiah Foundation
Rationale / Rating Methodologies 		Education [ICRA]D -- -- -- --
M S Ramaiah Foundation
Rationale / Rating Methodologies 		Education [ICRA]D -- -- -- --
M V Agro Renewable Energy Pvt. Ltd.
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
M V Agro Renewable Energy Pvt. Ltd.
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
M V Agro Renewable Energy Pvt. Ltd.
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
M V Alloys
Rationale / Rating Methodologies 		Ferrous metals ^ -- -- -- --
M V Food Industries Limited
Rationale / Rating Methodologies 		Food and food products ^ -- -- -- --
M V Shiptrade Private Limited
Rationale / Rating Methodologies 		Shipbreaking [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
M V Shiptrade Private Limited
Rationale / Rating Methodologies 		Shipbreaking -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
M Venkata Rao Infra Projects Private Limited
Rationale / Rating Methodologies 		Construction ^ -- -- -- --
M Venkatachalapathi
Rationale / Rating Methodologies 		Construction -- -- [ICRA]A4 -- --
M Venkatachalapathi
Rationale / Rating Methodologies 		Construction [ICRA]BB- -- [ICRA]A4 -- Stable
M Venkatachalapathi
Rationale / Rating Methodologies 		Construction [ICRA]BB- -- -- -- Stable
M&G Impex (I) Private Limited
Rationale / Rating Methodologies 		Building materials -- -- * -- --
M&M Equipments Private Limited
Rationale / Rating Methodologies 		Engineering ^ -- -- -- --
Recent Releases
  • Pawar Patkar Constructions Pvt. Ltd.: Rating reaffirmed

    Rationale / 30 Nov 2021

  • MRF Limited: Rating reaffirmed and withdrawn

    Rationale / 30 Nov 2021

  • Update on reason for delay in periodic surveillance

    Rationale / 30 Nov 2021

Read more
ICRA Special Comments
Festive season boosted most non-auto lead indicators in October 2021
Key Economic Indicators / Nov 2021 Reported NPAs to spike in the near term in view of the RBI’s revised NPA recognition and upgradation norms
NBFC – Retail & Commercial Finance / Nov 2021 Reported NPAs to spike in the near term in view of the RBI’s revised NPA recognition and upgradation norms
Housing Finance Companies / Nov 2021 Read more