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
W S Industries (India) Limited
Rationale / Rating Methodologies
Engineering ^ -- ^ -- --
W. H. Brady & Company Limited
Rationale / Rating Methodologies
Construction equipment [ICRA]BB- -- -- -- Stable
W. H. Brady & Company Limited
Rationale / Rating Methodologies
Construction equipment [ICRA]BB- -- -- -- Stable
W. H. Brady & Company Limited
Rationale / Rating Methodologies
Construction equipment [ICRA]BB- -- -- -- Stable
W. H. Brady & Company Limited
Rationale / Rating Methodologies
Construction equipment [ICRA]BB- -- -- -- Stable
W. H. Brady & Company Limited
Rationale / Rating Methodologies
Construction equipment [ICRA]BB- -- -- -- Stable
Waaree Energies Limited
Rationale / Rating Methodologies
Electronics and Electricals [ICRA]BBB- -- -- -- Stable
Waaree Energies Limited
Rationale / Rating Methodologies
Electronics and Electricals -- -- [ICRA]A3 -- --
Wadhawan Realty Private Limited
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
Wah Restaurants Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant * -- * -- --
Waidhan Engineering and Industries Private Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- ^ -- --
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]BB -- -- -- 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 -- -- -- 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]BBB -- -- -- Stable
Walled City Hotels Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]BBB -- -- -- Stable
Walled City Hotels Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]BBB -- -- -- Stable
Wallfort Financial Services Limited
Rationale / Rating Methodologies
Broking -- -- ^ -- --
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
Wallmark Ceramic Industry
Rationale / Rating Methodologies
Ceramic tiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Walplast Products Private Limited
Rationale / Rating Methodologies
Building materials * -- * -- --
Wanaparthy Municipality
Rationale / Rating Methodologies
Public finance [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Wanderland Real Estates Pvt. Ltd.
Rationale / Rating Methodologies
Real estate [ICRA]B -- -- -- 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]BB 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]BB+ -- -- -- Stable
Warren Tea Limited
Rationale / Rating Methodologies
Tea and coffee -- -- [ICRA]A4+ -- --
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- -- -- -- Stable
Wave Beverages Private Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Wave Beverages Private Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Wave Beverages Private Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Wave Distilleries and Breweries Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Wave Distilleries and Breweries Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Wave Hospitality Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant * -- -- -- --
Wave Industries Private Limited
Rationale / Rating Methodologies
Sugar ^ -- -- -- --
Wave Silver Tower Private Limited
Rationale / Rating Methodologies
Real estate * -- -- -- --
Way2Wealth Brokers Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- * -- --
Weal Developers
Rationale / Rating Methodologies
Real estate * -- -- -- --
Weavette Texstyles Limited
Rationale / Rating Methodologies
Miscellaneous * -- * -- --
Web Spiders (India) Pvt Ltd
Rationale / Rating Methodologies
Information Technology and BPO [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Web Spiders (India) Pvt Ltd
Rationale / Rating Methodologies
Information Technology and BPO -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Webfil Limited
Rationale / Rating Methodologies
Telecom [ICRA]C+ ISSUER NOT COOPERATING -- -- -- --
Webfil Limited
Rationale / Rating Methodologies
Telecom [ICRA]C+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Webfil Limited
Rationale / Rating Methodologies
Telecom [ICRA]C+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Weener Empire Plastics Private Limited
Rationale / Rating Methodologies
Plastics [ICRA]BBB+ -- -- -- Positive
Weener Empire Plastics Private Limited
Rationale / Rating Methodologies
Plastics [ICRA]BBB+ -- [ICRA]A2+ -- Positive
Weener Empire Plastics Private Limited
Rationale / Rating Methodologies
Plastics * -- -- -- --
Welcome Distilleries Pvt. Ltd.
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Welcome Distilleries Pvt. Ltd.
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Welcome Distilleries Pvt. Ltd.
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Welcome Distilleries Pvt. Ltd.
Rationale / Rating Methodologies
Breweries and Distilleries -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Welcome Mineral Private Limited
Rationale / Rating Methodologies
Ceramic tiles * -- * -- --
Welcome Tiles Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Welcome Tiles Private Limited
Rationale / Rating Methodologies
Ceramic tiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Welcome Tiles Private Limited
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Well Pack Papers & Containers Limited
Rationale / Rating Methodologies
Paper ^ -- ^ -- --
Well Wisher Homes
Rationale / Rating Methodologies
Real estate ^ -- -- -- --
Wellcome Fisheries Limited
Rationale / Rating Methodologies
Seafoods ^ -- ^ -- --
Welmech Engineering Company Private Limited
Rationale / Rating Methodologies
Engineering ^ -- ^ -- --
Welset Polypack Private Limited
Rationale / Rating Methodologies
Plastics ^ -- -- -- --
Welsuit Glass & Ceramics Private Limited
Rationale / Rating Methodologies
Ceramic tiles ^ -- ^ -- --
Wendt (India) Limited
Rationale / Rating Methodologies
Engineering [ICRA]AA- -- -- -- Stable
Wendt (India) Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A1+ -- --
West Asia Maritime Limited
Rationale / Rating Methodologies
Shipping ^ -- -- -- --
West Bengal State Electricity Distribution Company Limited
Rationale / Rating Methodologies
Power * -- -- -- --
West Bengal State Electricity Distribution Company Limited
Rationale / Rating Methodologies
Power * -- -- -- --
West Bengal State Electricity Distribution Company Limited
Rationale / Rating Methodologies
Power * -- -- -- --
West Bengal State Electricity Transmission Company Limited
Rationale / Rating Methodologies
Power [ICRA]BBB -- -- -- Negative
West Bengal State Electricity Transmission Company Limited
Rationale / Rating Methodologies
Power [ICRA]BBB -- -- -- Negative
West Bengal State Electricity Transmission Company Limited
Rationale / Rating Methodologies
Power [ICRA]BBB -- -- -- Negative
West Bengal State Electricity Transmission Company Limited
Rationale / Rating Methodologies
Power [ICRA]BBB -- -- -- Negative
West Coast Foods
Rationale / Rating Methodologies
Seafoods [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
West Coast Foods
Rationale / Rating Methodologies
Seafoods -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
West Coast Foods
Rationale / Rating Methodologies
Seafoods -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
West Coast Paper Mills Limited
Rationale / Rating Methodologies
Paper [ICRA]AA- -- -- -- Stable
West Pioneer Properties (India) Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB+ -- -- -- Negative
West Pioneer Properties (India) Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB+ -- -- -- Negative
West Pioneer Properties (India) Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4+ -- --
Western Agri Seeds Ltd.
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB -- -- -- Stable
Western Construction Co. (Gujarat) LLP
Rationale / Rating Methodologies
Real estate [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Western Hill Foods Ltd.
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Western Hill Foods Ltd.
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
Western Hill Foods Ltd.
Rationale / Rating Methodologies
Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Western India Cashew Company Private Limited
Rationale / Rating Methodologies
Agricultural Produce * -- -- -- --