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
T A Pai Management Institute
Rationale / Rating Methodologies
Education [ICRA]A- -- -- -- Stable
T and T Infra Limited
Rationale / Rating Methodologies
Construction [ICRA]BBB -- -- -- Stable
T and T Infra Limited
Rationale / Rating Methodologies
Construction [ICRA]BBB -- [ICRA]A3+ -- Stable
T and T Infra Limited
Rationale / Rating Methodologies
Construction [ICRA]BBB -- -- -- Stable
T C Agro Food Industries
Rationale / Rating Methodologies
Agricultural Produce ^ -- -- -- --
T V Sundram Iyengar & Sons Private Limited
Rationale / Rating Methodologies
Holding company [ICRA]AA -- [ICRA]A1+ -- Stable
T V Sundram Iyengar & Sons Private Limited
Rationale / Rating Methodologies
Holding company -- -- [ICRA]A1+ -- --
T V Sundram Iyengar & Sons Private Limited
Rationale / Rating Methodologies
Holding company -- -- [ICRA]A1+ -- --
T. C. Motors Private Limited
Rationale / Rating Methodologies
Automobile Dealerships ^ -- -- -- --
T.C. Spinners Private Limited
Rationale / Rating Methodologies
Textiles ^ -- ^ -- --
T.C. Terrytex Limited
Rationale / Rating Methodologies
Textiles ^ -- ^ -- --
T.J. Sivananda Mudaliyar Educational Trust
Rationale / Rating Methodologies
Education ^ -- -- -- --
T.K. Engineering Consortium Private Limited
Rationale / Rating Methodologies
Construction [ICRA]C ISSUER NOT COOPERATING -- -- -- --
T.K. Engineering Consortium Private Limited
Rationale / Rating Methodologies
Construction [ICRA]C ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- --
T.K. Engineering Consortium Private Limited
Rationale / Rating Methodologies
Construction [ICRA]C ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- --
T.K. International Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
T.K. International Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
T.K. International Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
T.K. Rolling Mills Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
T.M. Patel Processing Pvt. Ltd.
Rationale / Rating Methodologies
Textiles ^ -- -- -- --
T.S.B. Overseas
Rationale / Rating Methodologies
Trading ^ -- -- -- --
Taal Tech India Private Limited
Rationale / Rating Methodologies
Information Technology and BPO * -- * -- --
Tablets (India) Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]A- -- -- -- Stable
Tablets (India) Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]A- -- -- -- Stable
Tablets (India) Limited
Rationale / Rating Methodologies
Pharmaceuticals -- -- [ICRA]A2+ -- --
Tadas Wind Energy Private Limited
Rationale / Rating Methodologies
Power [ICRA]A-@ -- -- -- --
Tadas Wind Energy Private Limited
Rationale / Rating Methodologies
Power [ICRA]A-@ -- -- -- --
Tadas Wind Energy Private Limited
Rationale / Rating Methodologies
Power -- -- [ICRA]A2+@ -- --
Tadepalligudem Municipality
Rationale / Rating Methodologies
Public finance [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Tadikela Subbaiah Trust
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
Tadimety Aromatics Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
Taegutec India Private Limited
Rationale / Rating Methodologies
Engineering * -- * -- --
Tag Corporation
Rationale / Rating Methodologies
Engineering [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Tag Corporation
Rationale / Rating Methodologies
Engineering [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Tag Corporation
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Tagros Chemicals India Private Limited
Rationale / Rating Methodologies
Chemicals * -- * -- --
Taj Agro Commodities Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Taj Agro Industries LLP
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Taj Frozen Foods India Limited
Rationale / Rating Methodologies
Food and food products ^ -- ^ -- --
Taj SATS Air Catering Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]AA- -- -- -- Stable
Taj SATS Air Catering Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant -- -- [ICRA]A1+ -- --
Taj SATS Air Catering Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]AA- -- [ICRA]A1+ -- Stable
Taj SATS Air Catering Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]AA- -- -- -- Stable
Taj Stone Crushers Llp
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
TAJGVK Hotels & Resorts Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]A- -- -- -- Negative
TAJGVK Hotels & Resorts Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant -- -- [ICRA]A2+ -- --
Tajpuriya Woodworks Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
Tajshree Motors Private Limited
Rationale / Rating Methodologies
Automobile Dealerships ^ -- -- -- --
Talbros Engineering Limited
Rationale / Rating Methodologies
Auto Ancillaries ^ -- ^ -- --
Talegaon Industrial Parks Pvt Ltd
Rationale / Rating Methodologies
Real estate [ICRA]BBB -- -- -- Stable
Talegaon Industrial Parks Pvt Ltd
Rationale / Rating Methodologies
Real estate [ICRA]BBB -- -- -- Stable
Talegaon Industrial Parks Pvt Ltd
Rationale / Rating Methodologies
Real estate [ICRA]BBB -- [ICRA]A3+ -- Stable
Talwalkars Better Value Fitness Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Talwalkars Club Private Limited
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
Talwar Commercial Private Limited
Rationale / Rating Methodologies
Real estate * -- -- -- --
Tam Glass Tech and Glaziers Limited
Rationale / Rating Methodologies
Glass ^ -- -- -- --
Tamil Nadu Cooperative Housing Federation Limited
Rationale / Rating Methodologies
Other Financial Companies ^ -- -- -- --
Tamil Nadu Cooperative Housing Federation Limited
Rationale / Rating Methodologies
Other Financial Companies ^ -- -- -- --
Tamil Nadu Cooperative Housing Federation Limited
Rationale / Rating Methodologies
Other Financial Companies ^ -- -- -- --
Tamil Nadu Dindigul Karur Expressways Limited
Rationale / Rating Methodologies
Roads [ICRA]D -- -- -- --
Tamil Nadu Electricity Board
Rationale / Rating Methodologies
Power * -- -- -- --
Tamil Nadu Generation and Distribution Corporation Ltd
Rationale / Rating Methodologies
Power [ICRA]A-(CE) -- -- -- Stable
Tamil Nadu Generation and Distribution Corporation Ltd
Rationale / Rating Methodologies
Power * -- -- -- --
Tamil Nadu Newsprint & Papers Limited
Rationale / Rating Methodologies
Paper [ICRA]A -- -- -- Stable
Tamil Nadu Newsprint & Papers Limited
Rationale / Rating Methodologies
Paper [ICRA]A -- [ICRA]A1 -- Stable
Tamil Nadu Newsprint & Papers Limited
Rationale / Rating Methodologies
Paper [ICRA]A -- -- -- Stable
Tamil Nadu Newsprint & Papers Limited
Rationale / Rating Methodologies
Paper -- -- * -- --
Tamil Nadu Power Finance and Infrastructure Development Corporation Limited
Rationale / Rating Methodologies
NBFC [ICRA]A-(CE) -- -- -- Stable
Tamil Nadu Power Finance and Infrastructure Development Corporation Limited
Rationale / Rating Methodologies
NBFC -- MA- -- -- Stable
Tamil Nadu Transmission Corporation Ltd
Rationale / Rating Methodologies
Power * -- -- -- --
Tamil Nadu Urban Development Fund
Rationale / Rating Methodologies
Public finance * -- -- -- --
Tamilnadu State Transport Corporation (Kumbakonam) Limited
Rationale / Rating Methodologies
Public finance [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Tamilnadu Trade Promotion Organisation
Rationale / Rating Methodologies
Miscellaneous [ICRA]A -- -- -- Stable
Tamilnadu Transport Development Finance Corporation Ltd
Rationale / Rating Methodologies
NBFC [ICRA]BBB+(CE) -- -- -- Stable
Tamilnadu Transport Development Finance Corporation Ltd
Rationale / Rating Methodologies
NBFC -- MA- -- -- Stable
Tan Prints India Private Limited
Rationale / Rating Methodologies
Media and Entertainment ^ -- ^ -- --
Tanaaya Gems and Jewellery Exports Limited
Rationale / Rating Methodologies
Gems and jewellery -- -- * -- --
Taneja Aerospace & Aviation Limited
Rationale / Rating Methodologies
Engineering * -- * -- --
Taneja Iron & Steel Company Limited
Rationale / Rating Methodologies
Ferrous metals ^ -- ^ -- --
Taneja Vidyut Control Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Taneja Vidyut Control Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Tanfac Industries Limited
Rationale / Rating Methodologies
Chemicals [ICRA]BBB+ -- -- -- Stable
Tanfac Industries Limited
Rationale / Rating Methodologies
Chemicals -- -- [ICRA]A2 -- --
Tanfac Industries Limited
Rationale / Rating Methodologies
Chemicals [ICRA]BBB+ -- [ICRA]A2 -- Stable
Tangerine Design Pvt Ltd
Rationale / Rating Methodologies
Footwear [ICRA]BBB- -- [ICRA]A3 -- Stable
Tangerine Design Pvt Ltd
Rationale / Rating Methodologies
Footwear [ICRA]BBB- -- [ICRA]A3 -- Stable
Tanglin Developments Limited
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
Tanglin Retail Reality Developments Private Limited
Rationale / Rating Methodologies
Real estate * -- -- -- --
Tangling Mini Hydel Power Project
Rationale / Rating Methodologies
Power * -- -- -- --
Tangsibji Hydro Energy Limited
Rationale / Rating Methodologies
Power [ICRA]BBB- -- -- -- Stable
Tanish Associates
Rationale / Rating Methodologies
Real estate ^ -- -- -- --
Tanmay Polyfilms Private Limited
Rationale / Rating Methodologies
Packaging -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Tanmay Polyfilms Private Limited
Rationale / Rating Methodologies
Packaging [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Tanmay Polyfilms Private Limited
Rationale / Rating Methodologies
Packaging [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Tanna Agro Impex Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BBB+ -- [ICRA]A2 -- Stable
Tanna Agro Impex Private Limited
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A2 -- --
Tanvi Gold Cast LLP
Rationale / Rating Methodologies
Gems and jewellery * -- * -- --
Tanvika Polymers Private Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]BB- -- -- -- Stable
Tanvika Polymers Private Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]BB- -- -- -- Stable
Tanvika Polymers Private Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers -- -- [ICRA]A4 -- --