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
W S Industries (India) Limited
Rationale / Rating Methodologies
Engineering ^ -- ^ -- --
W. H. Brady & Company Limited
Rationale / Rating Methodologies
Construction equipment [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
W. H. Brady & Company Limited
Rationale / Rating Methodologies
Construction equipment [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
W. H. Brady & Company Limited
Rationale / Rating Methodologies
Construction equipment [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
W. H. Brady & Company Limited
Rationale / Rating Methodologies
Construction equipment [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
W. H. Brady & Company Limited
Rationale / Rating Methodologies
Construction equipment [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Waaree Energies Limited
Rationale / Rating Methodologies
Engineering * -- * -- --
Wadhawan Realty Private Limited
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
Wadpack Pvt Ltd
Rationale / Rating Methodologies
Packaging [ICRA]BB -- [ICRA]A4+ -- Stable
Wadpack Pvt Ltd
Rationale / Rating Methodologies
Packaging [ICRA]BB -- -- -- Stable
Wah Restaurants Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant * -- * -- --
Waidhan Engineering and Industries Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
WAISL Limited
Rationale / Rating Methodologies
Information Technology and BPO * -- -- -- --
WAISL Limited
Rationale / Rating Methodologies
Information Technology and BPO * -- -- -- --
WAISL Limited
Rationale / Rating Methodologies
Information Technology and BPO * -- * -- --
Walia Agni Industries Private Limited
Rationale / Rating Methodologies
Auto Ancillaries ^ -- ^ -- --
Walia Realtors Private Limited
Rationale / Rating Methodologies
Real estate ^ -- -- -- --
Walker Chandiok & Co LLP
Rationale / Rating Methodologies
Miscellaneous [ICRA]A- -- -- -- Stable
Walker Estate LLP
Rationale / Rating Methodologies
Real estate [ICRA]D -- -- -- --
Wall Cera Tiles Pvt. Ltd.
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Wall Cera Tiles Pvt. Ltd.
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Wall Cera Tiles Pvt. Ltd.
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Wall Street Finance Limited
Rationale / Rating Methodologies
NBFC ^ * ^ -- --
Walled City Hotels Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]BB+ -- -- -- Negative
Walled City Hotels Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]BB+ -- -- -- Negative
Wallfort Financial Services Limited
Rationale / Rating Methodologies
Broking Companies -- -- ^ -- --
Wallmark Ceramic Industry
Rationale / Rating Methodologies
Ceramic tiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Wallmark Ceramic Industry
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Wallmark Ceramic Industry
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Walplast Products Private Limited
Rationale / Rating Methodologies
Building materials -- -- [ICRA]A2+ -- --
Walplast Products Private Limited
Rationale / Rating Methodologies
Building materials [ICRA]A- -- -- -- Stable
Wanaparthy Municipality
Rationale / Rating Methodologies
Public finance [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Wanderland Real Estates Pvt. Ltd.
Rationale / Rating Methodologies
Real estate [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Warade Pack Tech Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Warade Pack Tech Private Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Warade Pack Tech Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Warm Forgings Private Limited
Rationale / Rating Methodologies
Auto Ancillaries ^ -- ^ -- --
Warm Gears Private Limited
Rationale / Rating Methodologies
Auto Ancillaries ^ -- -- -- --
Warora Chandrapur Ballarpur Toll Road Limited
Rationale / Rating Methodologies
Roads [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Warren Tea Limited
Rationale / Rating Methodologies
Tea and coffee [ICRA]BB- -- -- -- Stable
Warren Tea Limited
Rationale / Rating Methodologies
Tea and coffee -- -- [ICRA]A4 -- --
Warren Tea Limited
Rationale / Rating Methodologies
Tea and coffee [ICRA]BB- -- -- -- Stable
Warsaw Engineers
Rationale / Rating Methodologies
Construction ^ -- ^ -- --
Water and Sanitation Pooled Fund
Rationale / Rating Methodologies
Public finance [ICRA]AA(CE) -- -- -- Stable
Water and Sanitation Pooled Fund
Rationale / Rating Methodologies
Public finance * -- -- -- --
Water Systems India Private Limited
Rationale / Rating Methodologies
Engineering ^ -- -- -- --
Waterbase Limited
Rationale / Rating Methodologies
Seafoods * -- -- -- --
Waterline Hotels Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Wattvolt Energy Private Limited
Rationale / Rating Methodologies
Power [ICRA]AA-(CE) -- -- -- Stable
Wave Beverages Private Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Recent Releases

  • Adani Hazira Port Limited (erstwhile Adani Hazira Port Private Limited): Rating reaffirmed at [ICRA]AA+(CE)(Stable)

    Rationale / 30 Nov 2021

  • R.V. Rayanam: Rating reaffirmed, rated amount enhanced

    Rationale / 30 Nov 2021

  • Mascot Constructions: [ICRA]BBB (Stable) reaffirmed

    Rationale / 30 Nov 2021