Shivam at 02:00, 12 October 2025

2025-10-12T02:00:30Z

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{{Short description|Indian Credit Rating Company}}
{{Use dmy dates|date=June 2022}}
{{Infobox company
| name = ICRA Limited
| logo = [[File:ICRA Logo.png|200px|ICRA Limited]]
| type = [[Public company|Public]]
| traded_as = {{BSE|532835}} <br/> {{NSE|ICRA}}
| genre = 
| foundation = {{Start date|1991}}
| defunct = 
| location_city = [[Gurgaon]]
| location_country = India
| key_people = Ramnath Krishnan, Managing Director & Group CEO<br/>

Arun Duggal, Non-Executive chairman and independent director.
| industry = [[Financial services]]
| products =
| services = [[Credit ratings]] <br/> Financial consulting
| revenue = {{INRConvert|2.28|b}}<ref name=icra-ar2011>{{cite web|url=http://icra.in/files/pdf/investors/AR-2010-11.pdf|title=Annual Report 2010-11|publisher=ICRA Limited|accessdate=2011-08-26}}</ref>
| net_income =
| owner = [[Moody's Corporation]]
| footnotes =
| intl =
}}
'''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 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==
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|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|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|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:

# 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|access-date=2020-08-18|website=thehansindia.com|language=en}}</ref>

==References==
{{Reflist}}

{{Financial services in India}}
{{Authority control}}

[[Category:Credit rating agencies in India]]
[[Category:Companies based in Gurgaon]]
[[Category:Indian companies established in 1991]]
[[Category:1991 establishments in Haryana]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

ICRA Limited - Revision history

Shivam at 02:00, 12 October 2025