ICRA Limited
 | |
| Type | Public |
|---|---|
| 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$24 million)[1] |
| Owner | Moody's Corporation |
ICRA Limited (ICRA) is an Indian independent and professional investment information and credit rating agency headquartered in Gurugram, Haryana.[2] Established in 1991, the company 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]
History
ICRA was set up in1991 by leading financial/investment institutions, commercial banks and financial services companies as an Independent and professional investment information and credit rating agency.[5]
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.[6]
- 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.[7]
- ICRA Analytics Limited – analytics and digital platforms for risk management, market data, consulting and knowledge services.[8] ICRA Analytics was formed from the merger of ICRA Online Limited (ICRON) and ICRA Management Consulting Services Limited (IMaCS) in October 2019.[9]
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.[10]
- 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)[11][12] and renamed Nihilent Analytics.[13]
Governance
As of 2026, the company's Board of Directors includes[5]
- Mr. Ramnath Krishnan - Managing Director & Group CEO
- Mr. Palamadai Sundararajan Jayakumar - Non-Executive Chairman and an Independent Director
- Mr. Pradip Kanakia - Independent Director
- Ms. Anuranjita Kumar- Independent Director
- Ms. Wendy Huay Huay Cheong - Non-Executive, Non-Independent Director
- Ms. Shivani Priya Mohini Kak- Non-Executive, Non-Independent Director
- Mr. Stephen Arthur Long - Non-Executive, Non-Independent Director
- Mr. Brian Joseph Cahill- Non-Executive, Non-Independent Director
References
- ↑ "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.
- 1 2 https://www.icra.in/AboutUs
- ↑ "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.
