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
P & R Agri Energy Private Limited
Rationale / Rating Methodologies
Power * -- -- -- --
P A Footwear Private Limited
Rationale / Rating Methodologies
Footwear and leather products ^ -- ^ -- --
P C Patel Infra Pvt Ltd
Rationale / Rating Methodologies
Mining [ICRA]BBB- -- -- -- Stable
P C Patel Infra Pvt Ltd
Rationale / Rating Methodologies
Mining -- -- [ICRA]A3 -- --
P C Patel Infra Pvt Ltd
Rationale / Rating Methodologies
Mining [ICRA]BBB- -- -- -- Stable
P D Agarwal Infrastructure Limited
Rationale / Rating Methodologies
Real estate ^ -- -- -- --
P G Glass Private Limited
Rationale / Rating Methodologies
Glass ^ -- ^ -- --
P K & Company
Rationale / Rating Methodologies
Construction ^ -- -- -- --
P Kishanchand Textiles Limited
Rationale / Rating Methodologies
Trading [ICRA]B -- -- -- Stable
P Kishanchand Textiles Limited
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 -- --
P N Memorial Neurocentre & Research Institute Limited
Rationale / Rating Methodologies
Healthcare ^ -- -- -- --
P N Rao
Rationale / Rating Methodologies
Textiles [ICRA]BBB- -- -- -- Stable
P N Rao
Rationale / Rating Methodologies
Textiles [ICRA]BBB- -- -- -- Stable
P P Products Private Limited
Rationale / Rating Methodologies
Trading [ICRA]BBB -- -- -- Stable
P P Products Private Limited
Rationale / Rating Methodologies
Trading -- -- [ICRA]A3+ -- --
P P Products Private Limited
Rationale / Rating Methodologies
Trading -- -- [ICRA]A3+ -- --
P P Products Private Limited
Rationale / Rating Methodologies
Trading [ICRA]BBB -- [ICRA]A3+ -- Stable
P Prabhakaran
Rationale / Rating Methodologies
Construction ^ -- ^ -- --
P R P Exports
Rationale / Rating Methodologies
Mining ^ -- ^ -- --
P S Camshafts Private Limited
Rationale / Rating Methodologies
Auto Ancillaries ^ -- ^ -- --
P&R Engineering Services Private Limited
Rationale / Rating Methodologies
Power [ICRA]D ISSUER NOT COOPERATING -- -- -- --
P&R Gogaripur Hydro Power Private Limited
Rationale / Rating Methodologies
Power [ICRA]D ISSUER NOT COOPERATING -- -- -- --
P. C. Chandra & Sons India Pvt Ltd
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A1 -- --
P. C. Chandra & Sons India Pvt Ltd
Rationale / Rating Methodologies
Gems and jewellery [ICRA]A -- -- -- Stable
P. C. Chandra Gems Private Limited
Rationale / Rating Methodologies
Gems and jewellery [ICRA]A -- -- -- Stable
P. C. Chandra Jewellery Apex Private Limited
Rationale / Rating Methodologies
Gems and jewellery [ICRA]A -- -- -- Stable
P. C. Chandra Juels International Private Limited
Rationale / Rating Methodologies
Gems and jewellery [ICRA]A -- -- -- Stable
P. C. Chandra Juels International Private Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A1 -- --
P. Dasaratharama Reddy
Rationale / Rating Methodologies
Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
P. Dasaratharama Reddy
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
P. M. Diesels Pvt. Ltd.
Rationale / Rating Methodologies
Engineering * -- * -- --
P. M. Dwarkadass
Rationale / Rating Methodologies
Gems and jewellery ^ -- ^ -- --
P. Mangatram Jewellers Private Limited
Rationale / Rating Methodologies
Gems and jewellery [ICRA]BB+ -- -- -- Stable
P. Mangatram Jewellers Private Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A4+ -- --
P. Mangatram Jewellers Private Limited
Rationale / Rating Methodologies
Gems and jewellery [ICRA]BB+ -- -- -- Stable
P. Mangatram Jewellers Private Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A4+ -- --
P. N. Gadgil & Sons Ltd. (Erstwhile P. N. Gadgil & Sons)
Rationale / Rating Methodologies
Gems and jewellery [ICRA]A -- -- -- Positive
P. N. Gadgil & Sons Ltd. (Erstwhile P. N. Gadgil & Sons)
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A1 -- --
P. N. Gadgil & Sons Ltd. (Erstwhile P. N. Gadgil & Sons)
Rationale / Rating Methodologies
Gems and jewellery [ICRA]A -- -- -- Positive
P. P. Rubber Products Pvt Ltd
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
P. R. Fasteners Private Limited
Rationale / Rating Methodologies
Auto Ancillaries ^ -- -- -- --
P. S. Daima and Sons
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
P. S. Enterprises
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ -- [ICRA]A4 -- --
P. S. Steel Tubes Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BBB -- -- -- Stable
P. S. Steel Tubes Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BBB -- -- -- Stable
P. S. Steel Tubes Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A3+ -- --
P. S. Steel Tubes Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BBB -- -- -- Stable
P. Sri Ramulu
Rationale / Rating Methodologies
Food and food products ^ -- -- -- --
P. Venganna Setty & Bros.
Rationale / Rating Methodologies
Ferrous metals * -- -- -- --
P.B. Cotton & Oil Industries
Rationale / Rating Methodologies
Textiles * -- -- -- --
P.B. Cotton & Oil Industries
Rationale / Rating Methodologies
Textiles * -- -- -- --
P.B. Cotton & Oil Industries
Rationale / Rating Methodologies
Textiles * -- -- -- --
P.C. Chandra (Jewellers) Private Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A1 -- --
P.C. Chandra (Jewellers) Private Limited
Rationale / Rating Methodologies
Gems and jewellery [ICRA]A -- -- -- Stable
P.C. Chandra (Jewellers) Private Limited
Rationale / Rating Methodologies
Gems and jewellery [ICRA]A -- -- -- Stable
P.C.S. Trades
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
P.D. Industries Private Limited
Rationale / Rating Methodologies
Ferrous metals * -- * -- --
P.E. Erectors Private Limited
Rationale / Rating Methodologies
Engineering ^ -- -- -- --
P.G. Enterprises
Rationale / Rating Methodologies
Real estate ^ -- -- -- --
P.K. Cold Storage
Rationale / Rating Methodologies
Agricultural Produce ^ -- -- -- --
P.K. Construction Co.
Rationale / Rating Methodologies
Construction ^ -- -- -- --
P.K. Industries
Rationale / Rating Methodologies
Electronics and Electricals ^ -- ^ -- --
P.K. Mookanambalam & Co.
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
P.M. Electro-Auto Pvt. Ltd.
Rationale / Rating Methodologies
Auto Ancillaries * -- * -- --
P.P. Polyplast Private Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
P.P. Polyplast Private Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
P.P. Polyplast Private Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
P.R Stampings Private Limited
Rationale / Rating Methodologies
Trading ^ -- ^ -- --
P.R. Packagings Limited
Rationale / Rating Methodologies
Packaging ^ -- ^ -- --
P.R.Nayak Associates Pvt Ltd
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB+ -- -- -- Stable
Paam Pharmaceuticals (Delhi) Limited
Rationale / Rating Methodologies
Pharmaceuticals ^ ^ -- -- --
Paari Chem Resources
Rationale / Rating Methodologies
Trading [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Paari Chem Resources
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Paarth Infratech Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB- -- -- -- Stable
PAB Organics Private Limited
Rationale / Rating Methodologies
Pharmaceuticals * -- -- -- --
PAB Organics Private Limited
Rationale / Rating Methodologies
Pharmaceuticals * -- -- -- --
PAB Organics Private Limited
Rationale / Rating Methodologies
Pharmaceuticals -- -- * -- --
PAB Organics Private Limited
Rationale / Rating Methodologies
Pharmaceuticals -- -- * -- --
PAC Bio Fungbact Private Limited
Rationale / Rating Methodologies
Chemicals ^ -- -- -- --
Pace Power Systems Private Limited
Rationale / Rating Methodologies
Telecom ^ -- ^ -- --
Pace Renewable Energies Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
Pacific Development Corporation Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]A -- -- -- Positive
Pacific Development Corporation Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A1 -- --
Pacific Garments Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Pacific Garments Pvt. Ltd.
Rationale / Rating Methodologies
Textiles -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Pacific Industries Limited
Rationale / Rating Methodologies
Building materials [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Pacific Industries Limited
Rationale / Rating Methodologies
Building materials -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Pacific Infotech Private Limited
Rationale / Rating Methodologies
Distributors ^ -- -- -- --
Padam Interiors
Rationale / Rating Methodologies
Miscellaneous [ICRA]BBB+ -- -- -- Stable
Padam Interiors
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A2 -- --
Padam Interiors
Rationale / Rating Methodologies
Miscellaneous [ICRA]BBB+ -- [ICRA]A2 -- Stable
Padgilwar Agro Industries
Rationale / Rating Methodologies
Trading ^ -- -- -- --
Padham Steel Enterprises Private Limited
Rationale / Rating Methodologies
Trading ^ -- ^ -- --
Padia Exports Private Limited
Rationale / Rating Methodologies
Trading * -- * -- --
Padia Exports Private Limited
Rationale / Rating Methodologies
Trading -- -- * -- --
Padigela Ginning Industries
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Padigela Ginning Industries
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Padigela Ginning Industries
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Padma Gems
Rationale / Rating Methodologies
Gems and jewellery [ICRA]BB+ -- [ICRA]A4+ -- Stable
Padma Polymers
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]B+ -- -- -- Stable
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