Verified employee & interview reviews

ICRA Reviews

Gurugram, Haryana

4.5/ 5

2 reviews

ICRA Limited, originally established in 1991 as the Investment Information and Credit Rating Agency of India Limited (IICRA India), is a leading independent and professional investment information and credit rating agency in India. Headquartered in Gurugram, Haryana, the company was set up as a joint venture by premier financial and investment institutions, commercial banks, and financial services companies. ICRA went public in April 2007 and is currently listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Today, it operates as a critical subsidiary of Moody's Corporation, which holds a majority stake of over 51% in the company, allowing ICRA to leverage global methodologies and technical expertise under a long-term service agreement. The core operations of ICRA are broadly structured into two primary business segments: Ratings and Ancillary Services, and Research and Analytics. In its rating vertical, ICRA serves as a prominent credit rating agency, offering comprehensive risk assessments for a wide array of rupee-denominated debt instruments. Its ratings coverage spans corporate debt, financial sector ratings, structured finance, and infrastructure projects, helping manufacturing companies, commercial banks, non-banking finance companies, public sector undertakings, and municipalities access money and capital markets efficiently. Expanding its capabilities into modern sustainability metrics, the company incorporated ICRA ESG Ratings Limited and secured registration as a Category-I ESG Rating Provider from the Securities and Exchange Board of India (SEBI) in 2024, assigning its first ESG ratings later that year. Beyond traditional ratings, ICRA provides robust industry and economic research alongside risk management solutions. Its research offerings deliver deep insights across more than 60 sectors in India, utilizing a massive team of ratings analysts to tailor reports for banks, mutual funds, insurance companies, and private equity funds. Through its subsidiary, ICRA Analytics Limited—formed via the merger of ICRA Online Limited and ICRA Management Consulting Services Limited—the company offers advanced data management, model validation, credit risk analysis, and business transformation consulting. ICRA has continuously expanded its analytical portfolio through strategic acquisitions, including data solution providers like D2K Technologies in 2023 and Fintellix in 2025. Financially, ICRA operates an information-based business model focused on analytical rigor and credibility. Led by Managing Director and Group CEO Ramnath Krishnan alongside Chairman Palamadai Sundararajan Jayakumar, the company maintains a stable financial position with a strong dividend payout history for its shareholders. Through its domestic network and international subsidiaries, such as ICRA Nepal Limited, the company remains a preferred partner for institutional and individual investors seeking independent risk management solutions.