Topic summary

CRISIL

CRISIL

Indian company providing analytical services CRISIL Limited, formerly Credit Rating Information Services of India Limited, is headquartered in Andheri, Mumbai. Incorporated on January 29,1987, it was established as India's first credit rating agency, and is a subsidiary of American company S&P Global. History CRISIL, was the first credit rating agency in India, introduced in 1988 by the ICICI and UTI jointly with share capital coming from SBI, LIC and United India Insurance Company. In 1993, CRISIL went public with an initial public offering (IPO). In April 2005, Us based credit rating agency S&P acquired the majority shares of company. As of December 2020[update], the company has revenue of ₹20,763 million (equivalent to ₹27 billion or US$280 million in 2026), net income of ₹3,547 million (equivalent to ₹4.6 billion or US$47 million in 2026). It is also India's largest ratings company, and as of March 2022[update], it had a market cap of ₹23,429 crore (US$2.4 billion). In April 2024, Crisil Received SEBI Approval for ESG Scoring in India. News The former Union Minister for Finance and Corporate Affairs Arun Jaitley launched CriSidEx India's first sentiment index for micr