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
V K Industrial Corporation Limited
Rationale / Rating Methodologies
Trading -- -- [ICRA]A2+ ISSUER NOT COOPERATING -- --
V K Industrial Corporation Limited
Rationale / Rating Methodologies
Trading [ICRA]BBB+ ISSUER NOT COOPERATING -- -- -- Stable
V.I.R Foods Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
V.I.R Foods Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
V.K. Gopal
Rationale / Rating Methodologies
Construction [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
V.K. Gopal
Rationale / Rating Methodologies
Construction [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
V.K. Gopal
Rationale / Rating Methodologies
Construction [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
V.M. Bakery Products Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]D ISSUER NOT COOPERATING -- -- -- --
V.M. Bakery Products Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]D ISSUER NOT COOPERATING -- -- -- --
V.M. Bakery Products Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]D ISSUER NOT COOPERATING -- -- -- --
V.R.K. Associates Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
V.S. Ecoblocks Private Limited
Rationale / Rating Methodologies
Building materials [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
V.S. Ecoblocks Private Limited
Rationale / Rating Methodologies
Building materials [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
V.S. Ecoblocks Private Limited
Rationale / Rating Methodologies
Building materials [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
V3S Infratech Limited
Rationale / Rating Methodologies
Construction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
V3S Infratech Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Vadim Infrastructure Private Limited
Rationale / Rating Methodologies
Construction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Vadim Infrastructure Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Vadim Infrastructure Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Vadim Infrastructure Private Limited
Rationale / Rating Methodologies
Construction [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
Vadivel Pyrotechs Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Vadsola Ceramic
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Vadsola Ceramic
Rationale / Rating Methodologies
Ceramic tiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Vadsola Ceramic
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Vaidehi Enterprises
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Vaighai Agro Products Limited
Rationale / Rating Methodologies
Solvent extraction [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Vaighai Agro Products Limited
Rationale / Rating Methodologies
Solvent extraction -- -- [ICRA]A3 ISSUER NOT COOPERATING -- --
Vaighai Agro Products Limited
Rationale / Rating Methodologies
Solvent extraction [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Vaighai Agro Products Limited
Rationale / Rating Methodologies
Solvent extraction [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Vaighai Agro Products Limited
Rationale / Rating Methodologies
Solvent extraction -- -- [ICRA]A3 ISSUER NOT COOPERATING -- --
Vaishnavi Biotech Limited
Rationale / Rating Methodologies
Fertilisers [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Vaishnavi Biotech Limited
Rationale / Rating Methodologies
Fertilisers [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Vaishnavi Biotech Limited
Rationale / Rating Methodologies
Fertilisers [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Vaishnavi Food Products
Rationale / Rating Methodologies
Food and food products [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Vaishnavi Lifecare Pvt Ltd
Rationale / Rating Methodologies
Healthcare [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Vaishnavi Lifecare Pvt Ltd
Rationale / Rating Methodologies
Healthcare [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Vaishnavi Lifecare Pvt Ltd
Rationale / Rating Methodologies
Healthcare -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Valencia Ceramic Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Valencia Ceramic Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Valencia Ceramic Private Limited
Rationale / Rating Methodologies
Ceramic tiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Valencia Ceramic Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Value Pharma Retail (Hyd) Pvt. Ltd
Rationale / Rating Methodologies
Retail [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Value Pharma Retail (Hyd) Pvt. Ltd
Rationale / Rating Methodologies
Retail [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Vama Infra
Rationale / Rating Methodologies
Real estate [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Vamsi Pharma Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Vamsi Pharma Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Varadharaja Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Varadharaja Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Varadharaja Foods Private Limited
Rationale / Rating Methodologies
Food and food products [ICRA]BB ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Varalakshmi Starch Industries Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Varalakshmi Starch Industries Private Limited
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Varalakshmi Starch Industries Private Limited
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Varalakshmi Starch Industries Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Vardhaman College of Engineering
Rationale / Rating Methodologies
Education [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Vardhaman Pressure Die Casting
Rationale / Rating Methodologies
Engineering [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Vardhaman Pressure Die Casting
Rationale / Rating Methodologies
Engineering [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Vardhman Polytex Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Vardhman Polytex Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Vardhman Polytex Limited
Rationale / Rating Methodologies
Textiles -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Vardhman Polytex Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Vardhman Roller Flour Mills Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Vardhman Roller Flour Mills Private Limited
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Vardhman Roller Flour Mills Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Vardhman Roller Flour Mills Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Vardhman Vitrified Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Vardhman Vitrified Private Limited
Rationale / Rating Methodologies
Ceramic tiles -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Vardhman Vitrified Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
Vareli Tecnac Private Limited
Rationale / Rating Methodologies
Information Technology and BPO -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Vareli Tecnac Private Limited
Rationale / Rating Methodologies
Information Technology and BPO [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Vasavi Food Processing Industries
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Vasavi Food Processing Industries
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Vasavi Food Processing Industries
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Vasu Coco Resorts Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Vasundhara Developers
Rationale / Rating Methodologies
Real estate [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Vasupati Agro Product Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Vasupati Agro Product Private Limited
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Vasupati Agro Product Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Vasupati Agro Product Private Limited
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Vedamatha Enterprises Pvt Ltd
Rationale / Rating Methodologies
Trading [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Veejay International (India)
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Veejay International (India)
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Veejay International (India)
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Veejay International (India)
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Veepee Cotex Corporation
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Veepee Cotex Corporation
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Veer Oil and General Mills
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Veerabhadra Exports Private Limited
Rationale / Rating Methodologies
Seafoods [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Veerabhadra Exports Private Limited
Rationale / Rating Methodologies
Seafoods [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Veerabhadra Exports Private Limited
Rationale / Rating Methodologies
Seafoods [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Veerabhadra Exports Private Limited
Rationale / Rating Methodologies
Seafoods [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Veeraj Construction
Rationale / Rating Methodologies
Construction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Veeraj Construction
Rationale / Rating Methodologies
Construction -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Velammal Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Velammal Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Velammal Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Velko Infratek Projects Private Limited
Rationale / Rating Methodologies
Construction [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Velko Infratek Projects Private Limited
Rationale / Rating Methodologies
Construction [ICRA]BB ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Velko Infratek Projects Private Limited
Rationale / Rating Methodologies
Construction [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Venkar Chemicals Private Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Venkar Chemicals Private Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]BB ISSUER NOT COOPERATING -- [ICRA]A4+ ISSUER NOT COOPERATING -- Stable
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