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{{Short description|Indian Credit Rating Company}} | {{Short description|Indian Credit Rating Company}} | ||
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'''ICRA Limited''' ('''ICRA''') is an Indian independent and professional investment information and [[credit rating agency]].<ref name=icra-profile>{{cite web|url=http://www.icra.in/67654323.aspx?ck=pXKT5F8DI0y09YcCTjHl5ZoyuA4irn1XMUvRbEmAkRBQKECplVZmNCoJ3VCiLt2Xfnxc5w2uaDrqRY0uEKCoCw==|title=Profile|publisher=ICRA Limited|accessdate=2011-08-26}}</ref> | '''ICRA Limited''' ('''ICRA''') is an Indian independent and professional investment information and [[credit rating agency]].<ref name=icra-profile>{{cite web|url=http://www.icra.in/67654323.aspx?ck=pXKT5F8DI0y09YcCTjHl5ZoyuA4irn1XMUvRbEmAkRBQKECplVZmNCoJ3VCiLt2Xfnxc5w2uaDrqRY0uEKCoCw==|title=Profile|publisher=ICRA Limited|accessdate=2011-08-26}}</ref> The company was established in 1991, and was originally named ''Investment Information and Credit Rating Agency of India Limited'' (IICRA India). | ||
It was a joint-venture between [[Moody's]] and various Indian commercial banks and financial services companies. The company changed its name to ''ICRA Limited'', and went public on 13 April 2007, with a listing on the [[Bombay Stock Exchange]] and the [[National Stock Exchange of India|National Stock Exchange]].<ref name=icra-faq>{{cite web|url=http://www.icra.in/Files/Content/Frequently%20asked%20questions.pdf|title=Frequently Asked Questions|publisher=ICRA Limited|accessdate=2011-08-26}}</ref> As of end December | It was a joint-venture between [[Moody's]] and various Indian commercial banks and financial services companies. The company changed its name to ''ICRA Limited'', and went public on 13 April 2007, with a listing on the [[Bombay Stock Exchange]] and the [[National Stock Exchange of India|National Stock Exchange]].<ref name=icra-faq>{{cite web|url=http://www.icra.in/Files/Content/Frequently%20asked%20questions.pdf|title=Frequently Asked Questions|publisher=ICRA Limited|accessdate=2011-08-26}}</ref> As of end December 2024, [[Moody's Corporation]] owns a 51.86% majority stake.<ref>{{Cite news|date=2024-12-31|title=Shareholding Pattern under Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015|work=ICRA Limited – Shareholding Pattern|url=https://www.icra.in/InvestorRelation/GetShareHoldingPatternFile?Id=55|access-date=2025-03-24}}</ref> | ||
==Group Companies== | ==Group Companies== | ||
As of August 2020, ICRA Ltd. operates the following subsidiaries: | As of August 2020, ICRA Ltd. operates the following subsidiaries: | ||
# ICRA Lanka Limited (ICRA Lanka) – credit rating agency licensed by the Securities and Exchange Commission of Sri Lanka (SEC) incorporated in December 2010 and was granted license by the SEC in May 2011.<ref>{{Cite web|title=ICRA – ICRA Lanka|url=https://www.icra.in/ICRAGroup/Icralanka | # ICRA Lanka Limited (ICRA Lanka) – credit rating agency licensed by the Securities and Exchange Commission of Sri Lanka (SEC) incorporated in December 2010 and was granted license by the SEC in May 2011.<ref>{{Cite web|title=ICRA – ICRA Lanka|url=https://www.icra.in/ICRAGroup/Icralanka|access-date=2020-08-18|website=icra.in}}</ref> | ||
# ICRA Nepal Limited (ICRA Nepal) – first Credit Rating Agency in Nepal incorporated on 11 November 2011 and granted licence by the Securities Board of Nepal (SEBON) on 3 October 2012.<ref>{{Cite web|title=ICRA – ICRA Nepal|url=https://www.icra.in/ICRAGroup/Icranepal | # ICRA Nepal Limited (ICRA Nepal) – first Credit Rating Agency in Nepal incorporated on 11 November 2011 and granted licence by the Securities Board of Nepal (SEBON) on 3 October 2012.<ref>{{Cite web|title=ICRA – ICRA Nepal|url=https://www.icra.in/ICRAGroup/Icranepal|access-date=2020-08-18|website=icra.in}}</ref> | ||
# ICRA Analytics Limited – analytics and digital platforms for risk management, market data, consulting and knowledge services.<ref>{{Cite web|title=ICRA – ICRA Analytics Ltd|url=https://www.icra.in/ICRAGroup/IcraAnalytics | # ICRA Analytics Limited – analytics and digital platforms for risk management, market data, consulting and knowledge services.<ref>{{Cite web|title=ICRA – ICRA Analytics Ltd|url=https://www.icra.in/ICRAGroup/IcraAnalytics|access-date=2020-08-18|website=icra.in}}</ref> ICRA Analytics was formed from the merger of ICRA Online Limited (ICRON) and ICRA Management Consulting Services Limited (IMaCS) in October 2019.<ref>{{Cite web|title=ICRA announces merger of ICRA Online & ICRA Management Consulting Services|url=https://www.indiainfoline.com/article/news-top-story/icra-announces-merger-of-icra-online-icra-management-consulting-services-119101800342_1.html|access-date=2020-08-18|website=indiainfoline.com|language=en}}</ref> | ||
The following business formerly were part of the ICRA Group of Companies: | The following business formerly were part of the ICRA Group of Companies: | ||
# PT ICRA Indonesia (ICRAIndo) – ICRA pulled out of the Indonesia market in June 2015.<ref>{{Cite news|title=Rating agency ICRA Ltd pulls out services from Indonesia|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/rating-agency-icra-ltd-pulls-out-services-from-indonesia/articleshow/47677046.cms?from=mdr|access-date=2020-08-18}}</ref> | # PT ICRA Indonesia (ICRAIndo) – ICRA pulled out of the Indonesia market in June 2015.<ref>{{Cite news|title=Rating agency ICRA Ltd pulls out services from Indonesia|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/rating-agency-icra-ltd-pulls-out-services-from-indonesia/articleshow/47677046.cms?from=mdr|access-date=2020-08-18}}</ref> | ||
# ICRA Techno Analytics Limited (ICTEAS) – ICTEAS was acquired by Pune-based global consulting and IT services solutions integrations company Nihilent Technologies in August 2016 for INR 687.5 million (US$10 million)<ref>{{Cite web|title=Nihilent Acquires ICRA Controlled Leading IT and Analytics Services Provider|url=https://nihilent.com/nihilent-acquires-icra-controlled-leading-it-and-analytics-services-provider/|access-date=2020-08-18|website=Nihilent|language=en}}</ref><ref>{{Cite news|title=Nihilent acquires ICRA controlled leading IT and Analytics services provider|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/ites/nihilent-acquires-icra-controlled-leading-it-and-analytics-services-provider/articleshow/53754537.cms|access-date=2020-08-18}}</ref> and renamed Nihilent Analytics.<ref>{{Cite web|date=2016-10-25|title=ICTEAS now renamed Nihilent Analytics Limited|url=https://www.thehansindia.com/posts/index/Business/2016-10-25/ICTEAS-now-renamed-Nihilent-Analytics-Limited/260916 | # ICRA Techno Analytics Limited (ICTEAS) – ICTEAS was acquired by Pune-based global consulting and IT services solutions integrations company Nihilent Technologies in August 2016 for INR 687.5 million (US$10 million)<ref>{{Cite web|title=Nihilent Acquires ICRA Controlled Leading IT and Analytics Services Provider|url=https://nihilent.com/nihilent-acquires-icra-controlled-leading-it-and-analytics-services-provider/|access-date=2020-08-18|website=Nihilent|language=en}}</ref><ref>{{Cite news|title=Nihilent acquires ICRA controlled leading IT and Analytics services provider|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/ites/nihilent-acquires-icra-controlled-leading-it-and-analytics-services-provider/articleshow/53754537.cms|access-date=2020-08-18}}</ref> and renamed Nihilent Analytics.<ref>{{Cite web|date=2016-10-25|title=ICTEAS now renamed Nihilent Analytics Limited|url=https://www.thehansindia.com/posts/index/Business/2016-10-25/ICTEAS-now-renamed-Nihilent-Analytics-Limited/260916|access-date=2020-08-18|website=thehansindia.com|language=en}}</ref> | ||
==References== | ==References== | ||
Latest revision as of 07:30, 12 October 2025
 | |
| Traded as | BSE: 532835 NSE: ICRA |
|---|---|
| Industry | Financial services |
| Founded | 1991 |
| Headquarters | , India |
Key people | Ramnath Krishnan, Managing Director & Group CEO Arun Duggal, Non-Executive chairman and independent director. |
| Services | Credit ratings Financial consulting |
| Revenue | ₹2.28 billion (US$32 million)[1] |
| Owner | Moody's Corporation |
ICRA Limited (ICRA) is an Indian independent and professional investment information and credit rating agency.[2] The company was established in 1991, and was originally named Investment Information and Credit Rating Agency of India Limited (IICRA India).
It was a joint-venture between Moody's and various Indian commercial banks and financial services companies. The company changed its name to ICRA Limited, and went public on 13 April 2007, with a listing on the Bombay Stock Exchange and the National Stock Exchange.[3] As of end December 2024, Moody's Corporation owns a 51.86% majority stake.[4]
Group Companies[edit | edit source]
As of August 2020, ICRA Ltd. operates the following subsidiaries:
- ICRA Lanka Limited (ICRA Lanka) – credit rating agency licensed by the Securities and Exchange Commission of Sri Lanka (SEC) incorporated in December 2010 and was granted license by the SEC in May 2011.[5]
- ICRA Nepal Limited (ICRA Nepal) – first Credit Rating Agency in Nepal incorporated on 11 November 2011 and granted licence by the Securities Board of Nepal (SEBON) on 3 October 2012.[6]
- ICRA Analytics Limited – analytics and digital platforms for risk management, market data, consulting and knowledge services.[7] ICRA Analytics was formed from the merger of ICRA Online Limited (ICRON) and ICRA Management Consulting Services Limited (IMaCS) in October 2019.[8]
The following business formerly were part of the ICRA Group of Companies:
- PT ICRA Indonesia (ICRAIndo) – ICRA pulled out of the Indonesia market in June 2015.[9]
- ICRA Techno Analytics Limited (ICTEAS) – ICTEAS was acquired by Pune-based global consulting and IT services solutions integrations company Nihilent Technologies in August 2016 for INR 687.5 million (US$10 million)[10][11] and renamed Nihilent Analytics.[12]
References[edit | edit source]
- ↑ "Annual Report 2010-11" (PDF). ICRA Limited. Retrieved 26 August 2011.
- ↑ "Profile". ICRA Limited. Retrieved 26 August 2011.
- ↑ "Frequently Asked Questions" (PDF). ICRA Limited. Retrieved 26 August 2011.
- ↑ "Shareholding Pattern under Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015". ICRA Limited – Shareholding Pattern. 31 December 2024. Retrieved 24 March 2025.
- ↑ "ICRA – ICRA Lanka". icra.in. Retrieved 18 August 2020.
- ↑ "ICRA – ICRA Nepal". icra.in. Retrieved 18 August 2020.
- ↑ "ICRA – ICRA Analytics Ltd". icra.in. Retrieved 18 August 2020.
- ↑ "ICRA announces merger of ICRA Online & ICRA Management Consulting Services". indiainfoline.com. Retrieved 18 August 2020.
- ↑ "Rating agency ICRA Ltd pulls out services from Indonesia". The Economic Times. Retrieved 18 August 2020.
- ↑ "Nihilent Acquires ICRA Controlled Leading IT and Analytics Services Provider". Nihilent. Retrieved 18 August 2020.
- ↑ "Nihilent acquires ICRA controlled leading IT and Analytics services provider". The Economic Times. Retrieved 18 August 2020.
- ↑ "ICTEAS now renamed Nihilent Analytics Limited". thehansindia.com. 25 October 2016. Retrieved 18 August 2020.