| Foundation | 1991 |
|---|---|
| Location city | Gurgaon |
| Location country | India |
| Key people | Ramnath Krishnan, Managing Director & Group CEO Arun Duggal, Non-Executive chairman and independent director. |
| Industry | Financial services |
| Services | Credit ratings Financial consulting |
| Revenue | ₹2.28[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
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
- ^ "Annual Report 2010-11". ICRA Limited. Retrieved 2011-08-26.
- ^ "Profile". ICRA Limited. Retrieved 2011-08-26.
- ^ "Frequently Asked Questions". ICRA Limited. Retrieved 2011-08-26.
- ^ "Shareholding Pattern under Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015". ICRA Limited – Shareholding Pattern. 2024-12-31. Retrieved 2025-03-24.
- ^ "ICRA – ICRA Lanka". icra.in. Retrieved 2020-08-18.
- ^ "ICRA – ICRA Nepal". icra.in. Retrieved 2020-08-18.
- ^ "ICRA – ICRA Analytics Ltd". icra.in. Retrieved 2020-08-18.
- ^ "ICRA announces merger of ICRA Online & ICRA Management Consulting Services". indiainfoline.com. Retrieved 2020-08-18.
- ^ "Rating agency ICRA Ltd pulls out services from Indonesia". The Economic Times. Retrieved 2020-08-18.
- ^ "Nihilent Acquires ICRA Controlled Leading IT and Analytics Services Provider". Nihilent. Retrieved 2020-08-18.
- ^ "Nihilent acquires ICRA controlled leading IT and Analytics services provider". The Economic Times. Retrieved 2020-08-18.
- ^ "ICTEAS now renamed Nihilent Analytics Limited". thehansindia.com. 2016-10-25. Retrieved 2020-08-18.