Akara Capital Advisors Private Limited: Ratings reaffirmed; ratings withdrawn for Rs. 230.1-crore NCDs and Rs. 15.0-crore bank lines
Ashutosh Container Services Private Limited: Continues to remain under Issuer Non-Cooperating category, Rating downgraded based on best available information
Bank of Baroda: Ratings reaffirmed
Bhagyalaxmi Dairy Farms Private Limited: Rating withdrawn
Cowtown Infotech Services Limited: Change in limits
Green Petro Fuels Llp: Continues to remain under issuer Non-Cooperating category
Greenpanel Industries Limited: Ratings reaffirmed; outlook revised to Negative from Stable and rated amount enhanced
Invesco Asset Management (India) Private Limited: Ratings reaffirmed
KPI Green Energy Limited: Provisional rating assigned to the NCD programme; ratings outstanding for bank lines
Kudgi Transmission Limited: Rating reaffirmed
Keertana Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTCs assigned to backed by Home Loan and Loan against property receivables issued by Ascella 07 2025
Progfin Private Limited: Provisional [ICRA]A1+(SO) assigned to Series A1 PTC to be issued by Piastri 07 2025
IKF Finance Limited: Rating confirmed as final for PTCs backed by a pool of vehicle loan receivables issued by Universe Trust Jul 2025
Satya MicroCapital Ltd.: Ratings confirmed as final for PTCs backed by a pool of microfinance receivables issued by Harbor 2025
Best Capital Services Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTCs for a pool backed by MSME LAP loan receivables issued by LoanX Bramble Jul 2025
Best Capital Services Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTCs for a pool backed by vehicle loan receivables issued by Chara 07 2025
Farmart Service Private Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC to be issued by AGRI XCHNG 2025
Vivriti Capital Limited: Provisional ratings assigned to PTCs backed by unsecured personal loan receivables (originated under co-lending partnerships) issued by Nigel 07 2025
Cars24 Financial Services Private Limited: Ratings withdrawn for PTCs issued under a used car loan securitisation transaction
Lendingkart Finance Limited: Rating withdrawn for PTCs backed by pool of unsecured small business loan receivables
ICRA's Rating process starts when the issuer contacts our business team to engage our services.
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