CRISIL
CRISIL (formerly Credit Rating Information Services of India Limited) is an Indian analytical company providing ratings, research, and risk and policy advisory services and is a subsidiary of the American company S&P Global. The company was founded in 1987 and is headquartered in Mumbai, Maharashtra, India. 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.
CRISIL offers a gamut of essential financial products for a wide range of market segments. Their vision is to be a leading agile & innovative global analytics company. They serve lenders, investors, issuers, market intermediaries and regulators by covering manufacturing companies, banks, NBFCs, PSUs, financial institutions, state governments, urban local bodies, and mutual funds.
Issuers and borrowers leverage its ratings for enhancing their access to funding, widening the range of funding alternatives, and optimising the cost of funds. Investors and lenders use their ratings to supplement their internal evaluation process and benchmark credit quality across investment options. Their ratings act as benchmarks for the pricing and trading of debt instruments for markets at large. The sectors covered by CRISIL are automobile, industrial, financial, energy, consumption products, infrastructure, IT, media, telecom, travel, health, retail & others.
Their shareholding pattern consists of Promoters and Promoter Group having 66.99% of shares, Public having 13.91% shares, following by FII’s having 6.81% shares and DII’s with 12.29% shares.
