CRISIL Limited, 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 American company S&P Global.[4]
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 April 2005, US based credit rating agency S&P acquired the majority shares of company.[5][6]
As of December 2020, the company has revenue of inr 20763000000, net income of inr 3547000000. It is also India's largest ratings company, and as of March 2022, it had a market cap of inr 234290000000.[7]
In April 2024, Crisil Received SEBI Approval for ESG Scoring in India.[8]
News
The former Union Minister for Finance and Corporate Affairs Arun Jaitley launched CriSidEx India's first sentiment index for micro and small enterprises (MSEs) developed jointly by CRISIL and SIDBI.[9]
CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extreme negative) to 200 (extreme positive).[10] CriSidEx will have two indices, one for the 'survey quarter' and another for 'next quarter' once a trend emerges after few rounds of the survey, providing independent time series data.[9] The parametric feedback was captured through a survey of 1100 MSEs in November –December.
In February 2020, Crisil completed the acquisition of Greenwich Associates LLC, a provider of proprietary benchmarking data, analytics, and qualitative insights to financial services firms.[11]
External links
References
- CRISIL – History crisil.com, retrieved 20 November 2013^
- Amish Mehta is new Crisil CEO Times of India, retrieved 1 October 2021^
- December 2020 results CRISIL Ltd, retrieved 31 December 2020^
- CRISIL – Overview crisil.com, retrieved 20 November 2013^
- Ramesh Singh. Indian economy for civil services, Universities and other examinations McGraw Hill Education (India) Private Limited, 2017^
- About CRISIL crisil.com, retrieved 20 November 2013^
- CRISIL Ltd financial results and price chart – Screener screener.in, retrieved 2022-03-28^
- Crisil's ESG Ratings Unit Receives SEBI Approval for ESG Scoring in India Bru Times News^
- MSMEs get a boost: Jaitley launches India's first sentiment index CriSidEx Business Standard, 4 February 2018^
- Komal Gupta. Jaitley launches CriSidEx, says economy witnessing a phase of consolidation LiveMint, 3 February 2018^
- Crisil completes acquisition of Greenwich Associates The Economic Times, 26 February 2020, retrieved 28 February 2020^