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 N Rao
Rationale / Rating Methodologies
Textiles [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
P N Rao
Rationale / Rating Methodologies
Textiles [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
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. Dasaratharama Reddy
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
P. Dasaratharama Reddy
Rationale / Rating Methodologies
Construction [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
P. Mangatram Jewellers Private Limited
Rationale / Rating Methodologies
Gems and jewellery [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
P. Mangatram Jewellers Private Limited
Rationale / Rating Methodologies
Gems and jewellery [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
P. Mangatram Jewellers Private Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
P. Mangatram Jewellers Private Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
P.K. Mookanambalam & Co.
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
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
Paari Chem Resources
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Paari Chem Resources
Rationale / Rating Methodologies
Trading [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
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 -- --
Padigela Ginning Industries
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Padigela Ginning Industries
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Padigela Ginning Industries
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Padma Gems
Rationale / Rating Methodologies
Gems and jewellery [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Padmabhushan Krantiveer Doctor Nagnathanna Naykawdi Hutatma Kisan Ahir Sahakari Sakhar Karkhana Limited
Rationale / Rating Methodologies
Sugar [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Padmabhushan Krantiveer Doctor Nagnathanna Naykawdi Hutatma Kisan Ahir Sahakari Sakhar Karkhana Limited
Rationale / Rating Methodologies
Sugar [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Padmasri Rice Mill
Rationale / Rating Methodologies
Food and food products [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Padmasri Rice Mill
Rationale / Rating Methodologies
Food and food products [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Padmasri Rice Mill
Rationale / Rating Methodologies
Food and food products [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Padmavathi Cotton Industries
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Pagro Frozen Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Pagro Frozen Foods Private Limited
Rationale / Rating Methodologies
Food and food products -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Pagro Frozen Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Pagro Frozen Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Paidala Thirupathi Reddy and Brothers
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Paidala Thirupathi Reddy and Brothers
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Pal Synthetics Limited
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Pal Synthetics Limited
Rationale / Rating Methodologies
Textiles [ICRA]B- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Palak Ferro Alloys
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Palak Ferro Alloys
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Palak Ferro Alloys
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
Palani Vijay CottSpin Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Palani Vijay CottSpin Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Palani Vijay CottSpin Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Palani Vijay CottSpin Private Limited
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Pan Agri Export
Rationale / Rating Methodologies
Textiles [ICRA]BBB- ISSUER NOT COOPERATING -- [ICRA]A3 ISSUER NOT COOPERATING -- Stable
Pan Agri Export
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A3 ISSUER NOT COOPERATING -- --
Pan Agri Export
Rationale / Rating Methodologies
Textiles [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Pan India Infraprojects Private Limited
Rationale / Rating Methodologies
Construction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Pan India Infraprojects Private Limited
Rationale / Rating Methodologies
Construction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Panacea Medical Technologies Pvt. Ltd.
Rationale / Rating Methodologies
Medical Products and Devices [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Panacea Medical Technologies Pvt. Ltd.
Rationale / Rating Methodologies
Medical Products and Devices [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Panacea Medical Technologies Pvt. Ltd.
Rationale / Rating Methodologies
Medical Products and Devices -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Panache Exports Private Limited
Rationale / Rating Methodologies
Gems and jewellery [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Panache Exports Private Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Panache Exports Private Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Panchsheel Solvent Private Limited
Rationale / Rating Methodologies
Solvent extraction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Panchsheel Solvent Private Limited
Rationale / Rating Methodologies
Solvent extraction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Panchwati Prayogshala Private Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Panchwati Prayogshala Private Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Panchwati Prayogshala Private Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Pandit Automotive Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Pandit Automotive Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Pankaj Steel Corporation
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Pankaj Steel Corporation
Rationale / Rating Methodologies
Gems and jewellery [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Pankaj Steel Corporation
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Pankaj Steel Corporation
Rationale / Rating Methodologies
Gems and jewellery -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Pannageshwar Sugar Mills Limited
Rationale / Rating Methodologies
Sugar [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Pannageshwar Sugar Mills Limited
Rationale / Rating Methodologies
Sugar [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Pansari Steels Private Limited
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Pansari Steels Private Limited
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Pansari Steels Private Limited
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Para Products Private Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Para Products Private Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Para Products Private Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Paramasivam Palanisamy Charitable Trust
Rationale / Rating Methodologies
Education [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Paramount Rice Pvt. Ltd.
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Paramount Rice Pvt. Ltd.
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Paramount Wheels Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Paramount Wheels Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Paramount Wheels Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Paramount Wheels Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Paramshakti Steels Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Paramshakti Steels Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Paramshakti Steels Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Paramshakti Steels Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Paramshakti Steels Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Parankush Food Processing & Rice Mill (P) Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Parankush Food Processing & Rice Mill (P) Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Parankush Food Processing & Rice Mill (P) Limited
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Paras Foods
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Paras Steel Corporation
Rationale / Rating Methodologies
Shipbreaking [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Paras Steel Corporation
Rationale / Rating Methodologies
Shipbreaking -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Parasrampuria Engineers Private Limited
Rationale / Rating Methodologies
Packaging [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Parasrampuria Engineers Private Limited
Rationale / Rating Methodologies
Packaging [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Parasrampuria Engineers Private Limited
Rationale / Rating Methodologies
Packaging -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Parasrampuria Engineers Private Limited
Rationale / Rating Methodologies
Packaging -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Paratus Real Estates Pvt. Ltd.
Rationale / Rating Methodologies
Real estate [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Parth Concast Limited
Rationale / Rating Methodologies
Utilities [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Parth Concast Limited
Rationale / Rating Methodologies
Utilities [ICRA]D ISSUER NOT COOPERATING -- -- -- --
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