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
N D Developers
Rationale / Rating Methodologies
Real estate ^ -- -- -- --
N G Projects Limited
Rationale / Rating Methodologies
Real estate [ICRA]BBB -- -- -- Stable
N G Projects Limited
Rationale / Rating Methodologies
Real estate -- -- [ICRA]A3+ -- --
N K Proteins Limited
Rationale / Rating Methodologies
FMCG ^ -- ^ -- --
N Mohanlal Railtrack Private Limited
Rationale / Rating Methodologies
Engineering ^ -- ^ -- --
N R Ispat & Power Private Limited
Rationale / Rating Methodologies
Ferrous metals ^ -- -- -- --
N S Vaishno Devi Developers India Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]BB -- -- -- Stable
N S Vaishno Devi Developers India Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]BB -- -- -- Stable
N S Vaishno Devi Developers India Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]BB -- -- -- Stable
N T Recycling Company Private Limited
Rationale / Rating Methodologies
Trading ^ -- ^ -- --
N Y Hospitalities and Holdings Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant * -- -- -- --
N. C. John & Sons Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
N. D. Plastics
Rationale / Rating Methodologies
PetroChemicals and Polymers -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
N. D. Plastics
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]B- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
N. D. Plastics
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
N. J. Eco-Build Pvt. Ltd.
Rationale / Rating Methodologies
Building materials * -- * -- --
N. S. Software
Rationale / Rating Methodologies
Information Technology and BPO * -- -- -- --
N.A. Construction Pvt. Ltd.
Rationale / Rating Methodologies
Construction [ICRA]BBB- -- -- -- Stable
N.A. Construction Pvt. Ltd.
Rationale / Rating Methodologies
Construction -- -- [ICRA]A3 -- --
N.B Hi-Tech Cold Storage
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
N.B Hi-Tech Cold Storage
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
N.B. Commercial Enterprises Limited
Rationale / Rating Methodologies
Packaging [ICRA]BBB-(SO) -- [ICRA]A3(SO) -- Stable
N.B. Commercial Enterprises Limited
Rationale / Rating Methodologies
Packaging [ICRA]BBB-(SO) -- [ICRA]A3 -- Stable
N.B. Commercial Enterprises Limited
Rationale / Rating Methodologies
Packaging [ICRA]BBB-(SO) -- [ICRA]A3 -- Stable
N.B. Construction Company
Rationale / Rating Methodologies
Real estate [ICRA]BBB- -- -- -- Stable
N.B. Construction Company
Rationale / Rating Methodologies
Real estate [ICRA]BBB- -- -- -- Stable
N.B. Construction Company
Rationale / Rating Methodologies
Real estate [ICRA]BBB- -- -- -- Stable
N.B.Cotex Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
N.B.Cotex Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
N.B.Cotex Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
N.D. Gupta & Sons
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
N.D. Gupta & Sons
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
N.K Trading Co
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
N.K Trading Co
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
N.K. Gupta Builders Private Limited
Rationale / Rating Methodologies
Real estate ^ -- ^ -- --
N.K. Polymers & Additives Manufacturing Company
Rationale / Rating Methodologies
Plastics ^ -- ^ -- --
N.M. Foods
Rationale / Rating Methodologies
Food and food products ^ -- -- -- --
N.R. Constructions
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
N.R. Constructions
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
N.R. Footwear Private Limited
Rationale / Rating Methodologies
Footwear and leather products ^ -- -- -- --
N.R. Wheat Products Private Limited
Rationale / Rating Methodologies
Food and food products ^ -- ^ -- --
N.S. Associates Private Limited
Rationale / Rating Methodologies
Construction [ICRA]BB -- -- -- Stable
N.S. Associates Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4+ -- --
Naari Pharma Pvt. Ltd.
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BBB(SO) -- -- -- Stable
Naari Pharma Pvt. Ltd.
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BBB(SO) -- -- -- Stable
Naari Pharma Pvt. Ltd.
Rationale / Rating Methodologies
Pharmaceuticals -- -- [ICRA]A2(SO) -- --
Naari Pharma Pvt. Ltd.
Rationale / Rating Methodologies
Pharmaceuticals -- -- [ICRA]A2(SO) -- --
Naaz Lifestyle
Rationale / Rating Methodologies
Retail ^ -- -- -- --
Naba Diganta Water Management Limited
Rationale / Rating Methodologies
Public finance * -- -- -- --
Naba Diganta Water Management Limited
Rationale / Rating Methodologies
Public finance * -- -- -- --
Nabadigant Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Nabadigant Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Nabadigant Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Nabajuga Educational & Charitable Trust
Rationale / Rating Methodologies
Education ^ -- -- -- --
Nabha Power Limited
Rationale / Rating Methodologies
Power -- -- [ICRA]A1+ -- --
Nabha Power Limited
Rationale / Rating Methodologies
Power [ICRA]AAA(SO) -- -- -- Stable
NAC Jewellers Private Limited
Rationale / Rating Methodologies
Gems and jewellery ^ -- ^ -- --
Nachiketa Cotton Private Limited
Rationale / Rating Methodologies
Textiles ^ -- -- -- --
Nadahalli Agro International Private Limited
Rationale / Rating Methodologies
Trading ^ -- ^ -- --
Nadeem Minerals
Rationale / Rating Methodologies
Mining * -- -- -- --
Naga Hanuman Solvent Oils Private Limited
Rationale / Rating Methodologies
Food and food products ^ -- -- -- --
Naga Sindhu Spinning & Ginning Mills Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
Nagabhushanam & Co.
Rationale / Rating Methodologies
Construction ^ -- ^ -- --
Nagammal Mills Private Limited
Rationale / Rating Methodologies
Textiles ^ -- -- -- --
Nagar Kopargaon Infrastructure Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
Nagarcoil Municipality
Rationale / Rating Methodologies
Public finance * -- -- -- --
Nagardas Kanji Shah
Rationale / Rating Methodologies
Trading ^ -- ^ -- --
Nagarjuna Hydro Energy Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
Nagarjuna Warehousing
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Nagarjuna Warehousing
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Nagarkurnool Municipality
Rationale / Rating Methodologies
Public finance [ICRA]B+ -- -- -- Stable
Nageen Prakashan Private Limited
Rationale / Rating Methodologies
Media & Entertainment ^ -- ^ -- --
Nagesh Enterprises
Rationale / Rating Methodologies
Agricultural Produce ^ -- -- -- --
Nagesh Knitwears Private Limited
Rationale / Rating Methodologies
Textiles ^ -- ^ -- --
Nageshwar Steels
Rationale / Rating Methodologies
Trading * -- -- -- --
Nageshwari Ceramic Pvt. Ltd.
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ -- [ICRA]A4 -- Stable
Nageshwari Ceramic Pvt. Ltd.
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ -- [ICRA]A4 -- Stable
Nageshwari Ceramic Pvt. Ltd.
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ -- [ICRA]A4 -- Stable
Nagpal Traders
Rationale / Rating Methodologies
Automobile Dealerships ^ -- -- -- --
Nagpur Cancer Hospitals and Research Institute Private Limited
Rationale / Rating Methodologies
Healthcare [ICRA]A-(SO) -- -- -- Stable
Nagraj Alloys Private Limited
Rationale / Rating Methodologies
Non-ferrous metals ^ -- ^ -- --
Nagreeka Foils Limited
Rationale / Rating Methodologies
Trading -- -- ^ -- --
Nahar Capital and Financial Services Ltd
Rationale / Rating Methodologies
NBFC -- -- [ICRA]A1+ -- --
Nahar Gems
Rationale / Rating Methodologies
Textiles -- -- ^ -- --
Nahar Industrial Enterprises Limited
Rationale / Rating Methodologies
Textiles [ICRA]A- -- -- -- Stable
Nahar Industrial Enterprises Limited
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A2+ -- --
Nahar Industrial Enterprises Limited
Rationale / Rating Methodologies
Textiles [ICRA]A- -- -- -- Stable
Nahar Industrial Enterprises Limited
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A2+ -- --
Naik Environmental Engineers Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Naik Environmental Engineers Private Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Naini Plywood Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
Nainital Municipal Council
Rationale / Rating Methodologies
Public finance [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Nair Coal Services Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
Naitik Gems LLP
Rationale / Rating Methodologies
Gems and jewellery * -- * -- --
Nakoda India Refinery Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
Nakoda Unique Gold Private Limited
Rationale / Rating Methodologies
Gems and jewellery ^ -- ^ -- --
Nalari Ferro Alloys Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Nalari Ferro Alloys Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Nalari Ferro Alloys Private Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Nalari Ferro Alloys Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable