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Line of Credit Rating (Basel II)

ICRA

as on October 31, 2015


Long Term

Short Term

20 Microns Limited
20 Microns Nano Minerals Limited
4S Spintex India Private Limited
7 Star Company
70 Realty
916 Epari Jeweller Private Limited
A B Motions Private Ltd
A M Breweries Private Limited
A Shama Rao Foundation
A. S. Export
A. S. K Brothers Limited
A.A. Snack
A.B Rice Mills
A.G. Industries (Bawal) Private Limited
A.G. Industries Private Limited
A.H. Memorial Educational Trust
A.H.Alloys
A.J.Mehta & Co .LLP
A.M. Bhanderi
A.M. Fisheries
A.M.N. Jewellers Private Limited
A.N.R. Cotton Traders
A.P.R Textiles
A.R Dairy Food Private Limited
A.R.Stanchem Private Limited
A.S. Moloobhoy Private Limited
A.S. Reddy Infratech Private Limited
A.S. Transport Private Limited
A.V. Infraprojects Private Limited
A2K Epic decor private limited
Aachi Masala Foods Private Limited
Aachi Spices And Foods Private Limited

Company Name

[ICRA]D
[ICRA]D(SO)
[ICRA]B
[ICRA]BB[ICRA]D
[ICRA]BB+
[ICRA]BB
[ICRA]B
[ICRA]BBB-

[ICRA]D
[ICRA]A4
Stable
Stable
Stable
[ICRA]A4
Stable
[ICRA]A3

[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]AA(SO)
[ICRA]AA
[ICRA]A[ICRA]B

Stable

[ICRA]BB
[ICRA]BB[ICRA]BBB[ICRA]B+

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4+
[ICRA]A4
[ICRA]A3

[ICRA]BB+
[ICRA]BBB+
[ICRA]BB-

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A2
[ICRA]A4

[ICRA]BB
[ICRA]BB[ICRA]B
[ICRA]BBB
[ICRA]BB+

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A4+

Aadhaar Seeds Private Limited


Aadhi Cars Private Limited
Aadhi Vinayaga Spinners
Aadinath Probuild (India) Private Limited

[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]BB-

Stable

[ICRA]A4

Aai Krupa Cotton Industries


Aajveto Manufacturing Private Limited
Aakash Infra
Aanchal Creations
Aar Vee Enterprises
Aaron Helmets Private Ltd
Aarti Construction Company
Aarti Drugs Limited
Aarti Infrastructure and Buildcon Limited

[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]B[ICRA]B+
[ICRA]A[ICRA]BB-

[ICRA]A4
Stable
Stable
Stable

[ICRA]A1+

Stable

[ICRA]A4
Stable
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A2+
[ICRA]A4

Company Name

Aarti International Limited


Aarti Steel Limited
Aarti Suitings Private Limited
Aarush Building Materials Pvt Ltd
Aarvee Associates Architects Engineers &
Consultants Pvt Ltd
Aastha Fashions Pvt. Ltd.
Aastha Society
Aasu Exim Private Limited
AB Hotels Limited
AB Sugars Limited
AB&Co Global Private Limited
Abbott Cold Storages Priavte Limited
ABC Leathers
ABCI Infrastructures Private Limited
ABCO Steel International Private Limited

Long Term

[ICRA]A[ICRA]BBB
[ICRA]B+
[ICRA]BB[ICRA]A+
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]BB+
[ICRA]D
[ICRA]BB+
[ICRA]BBB+
[ICRA]BB-

Short Term

Stable
Stable

[ICRA]A2+
[ICRA]A3+

Stable
Stable

[ICRA]A4
[ICRA]A1
[ICRA]A4
[ICRA]A4

Stable
Negative

[ICRA]A4+
[ICRA]D

Stable
Stable
Stable

Abha Power and Steel Private Limited


[ICRA]B+
Abhayanjaneya Health Care Private Limited ^

[ICRA]A3
[ICRA]A2+
[ICRA]A4
^

Abhi Engineering Corporation


Abhi S.K. Hospital Private Limited
Abhijeet Trade Impex
Abhishek Ispat Private Limited
Abhishek Steel Industries Limited
Abhitex International
ABI Showatech (India) Limited
Abil Chempharma Private Limited
Abis Exports (I) Pvt Ltd
Abis Hatchery Private Limited
ABM Telemobiles India Private Limited
ABM Travel & Tours Pvt. Ltd.
ABP News Network Private Limited
ABS Electroplaters (India) Private Limited

[ICRA]BBB[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]BBB
[ICRA]BBB
[ICRA]A+
[ICRA]BB+
[ICRA]A
[ICRA]BBB
[ICRA]BB+
[ICRA]BB[ICRA]A[ICRA]BB-

Stable

[ICRA]A3

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A3+
[ICRA]A3
[ICRA]A1+
[ICRA]A4+
[ICRA]A1
[ICRA]A3+
[ICRA]A4+

ABT Industries Limited


ABW Infrastructure Limited
Accelerated Freeze Drying Company
Limited
Accelya Kale Solutions Ltd
Accent Hotels Private Limited
Acciona Wind Energy Private Limited
Accord Ceramics Private Limited
Accord Plus Ceramics Private Limited
Accord Software and Systems Pvt Ltd
Accord Watertech & Infrastructure Private
Limited
Accura Enterprises Private Limited
Accura Organic Foods
Accurate Fabox Private Limited
Accurate Foods & Beverages Private
Limited
Accutest Research Laboratories (India)
Private Limited

[ICRA]BB+
[ICRA]D

Stable

[ICRA]A4+

[ICRA]A4

[ICRA]A4

[ICRA]A4
[ICRA]A+
[ICRA]BBB[ICRA]A
[ICRA]BB[ICRA]B
[ICRA]A
[ICRA]B+

Stable
Stable
Stable
Stable

[ICRA]BB+
[ICRA]B[ICRA]BB+

Stable

[ICRA]BBB-

Stable

Stable

[ICRA]A1+

[ICRA]A4
[ICRA]A4
[ICRA]A1

[ICRA]A4
[ICRA]A4+
[ICRA]A4

Stable
[ICRA]A3

Company Name

Long Term

Short Term

Ace Designers Limited


Ace Foods Pvt. Ltd.
Ace Manufacturing Systems Ltd
Acer India Pvt Ltd.
Acetochem Private Limited
Achal Cashews Private Limited
Achal Industries
Acknit Industries Limited
Acme Cotsyn Private Limited
Acme Formulation Private Limited
Acme Safetywears Limited
Acme Solar Technologies (Gujarat) Private
Limited
ACPL Exports Pvt Ltd
ACR Machining Private Limited
Acrysil Limited
Acrysil Steel Private Limited
Action Ginni Devi Cancer Hospital
Action industrial corporation
Action Ispat & Power Private Limited
Action Retail Ventures Private Limited
Active Char Products Private Limited
Acute Realty Private Limited
Adam & Coal Resources Pvt Ltd
Adani Gas Limited
Adani Logistics Limited
Adani Petronet (Dahej) Port Private Limited

[ICRA]AA[ICRA]B+
[ICRA]AA[ICRA]BBB+
[ICRA]BB
[ICRA]BB
[ICRA]BB[ICRA]BB+
[ICRA]B+
[ICRA]BBB+
[ICRA]BB
[ICRA]BBB+

Stable

[ICRA]BB+
[ICRA]BBB(SO)
[ICRA]BBB
[ICRA]BBB[ICRA]BBB[ICRA]BB+
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]BBB+
[ICRA]A+
[ICRA]BBB
[ICRA]A-

Stable
Stable
Stable
Stable
Stable
Stable

Adani Ports and Special Economic Zone


Limited
Adarsh Developers
Adarsh Realty & Hotels Private Limited
Adarsh Rice Mill
Adarsh Samaj Kalyan Sansthan
Adarsh Shikshan Sansthan
Adarsh Synthetics Private Limited
Adarsha Automotives Private Limited
Adcock Ingram Limited
Addi Alloys Private Limited
Adhunik Cement Limited
Adie Broswon Breweries Pvt Ltd
Adig Jemtex Private Limited
Adilabad Expressway Private Limited
Adinath Silks Limited
Adinath Sortex
Adino Telecom Limited
Adisankara Spinning Mills Private Limited

[ICRA]AA+

Stable

[ICRA]BBB
[ICRA]BB
[ICRA]BB[ICRA]B
[ICRA]BB[ICRA]B+
[ICRA]BB[ICRA]A+
[ICRA]C+
[ICRA]A+(SO)
[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]BB
[ICRA]B
[ICRA]BB[ICRA]A

Stable
Stable
Stable

Adishakti Alloys Pvt Ltd


Adishakti Cars Private Limited
Aditi Infrabuild & Services Limited
Aditya Agro Foods
Aditya Auto Products & Engg. (India) Pvt.
Ltd.

[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]BBB+

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable
Stable
Positive

[ICRA]A1+
[ICRA]A4
[ICRA]A1+
[ICRA]A2+
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A2+
[ICRA]A4

[ICRA]A3+(SO)
[ICRA]A3
[ICRA]A3
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A2
[ICRA]A1+

[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A4
[ICRA]A1(SO)
[ICRA]A4

Stable
Stable
Stable

[ICRA]A4
[ICRA]A1
[ICRA]A4

Stable
Stable

[ICRA]A4

Stable

[ICRA]A2

Company Name

Long Term

Short Term

Aditya Birla Finance Limited


Aditya Birla Housing Finance Ltd.
Aditya Birla Nuvo Limited
Aditya Birla Retail Limited
Aditya Rice Industries
Aditya Ultra Steel Private Limited
Adityapur City Centre Hotel Private Limited

[ICRA]AA+
[ICRA]AA+
[ICRA]AA+
[ICRA]BBB+
[ICRA]B+
[ICRA]C+
[ICRA]B+

Stable
Stable
Stable
Stable

Adlabs Entertainment Limited


Adrustam Motors Private Limited
ADS Spirits Private Limited
Advaith Motors Private Limited
Advance Cable Technologies Private
Limited
Advance Infrastructure Private Limited
Advance Steel and Tube Mills
Advance Stimul Engineering Private Limited

[ICRA]BB+
[ICRA]B
[ICRA]BB+
^
[ICRA]B+

Positive

Advance Valves Global


Advance Valves Private Limited
Advance Ventilation Pvt. Ltd.
Adven Biotech Private Limited
Adwaith Textiles Limited
Adyar Gate Hotels Limited
Aegan Industries Private Limited
Aeon Medical Private Limited
Aequs Automotive Private Limited
Aequs Engineered Plastics Private Limited

[ICRA]BBB
[ICRA]BBB
[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]BBB+
[ICRA]BB
[ICRA]BB
[ICRA]BBB
[ICRA]BBB-

[ICRA]A1+
[ICRA]A1+
[ICRA]A1+
[ICRA]A2

Stable
^
[ICRA]A4

[ICRA]B+
[ICRA]B[ICRA]B+

[ICRA]A4
[ICRA]A4
[ICRA]A4
Stable
Stable
Stable

[ICRA]A3+
[ICRA]A3+
[ICRA]A4

Stable
Stable
Stable
Stable
Stable

[ICRA]A2
[ICRA]A4

Aequs Private Limited


[ICRA]BBB
Aerospace Processing India Private Limited [ICRA]BBB

Stable
Stable

[ICRA]A3+
[ICRA]A3+

Aerostructures Manufacturing India Private


Limited
Afcons Infrastructure Limited
AG Granites P Limited
Agam Pharmaceuticals
Agarwal Fasteners Private Limited
Agarwal Petrochem Private Limited
Agarwal Polysacks Limited
Agarwalla Timbers Private Limited
Aggarwal Foods
Agni Steels Private Limited
Agra Oil & General Industries Limited
Agra Products Private Limited
Agrasia Impex
Agrawal Education Mandal
Agrawal Graphite & Carbon Products
Private Limited
Agrawal Infrabuild Private Limited
Agrawal Oil and General Industries
Agrawal Structure Mills (P) Ltd.
Agrawal Traders
Agrigold Organics Private Limited

[ICRA]BBB

Stable

[ICRA]A3+

[ICRA]AA
[ICRA]BBB[ICRA]BB[ICRA]BB+
[ICRA]BBB[ICRA]B
[ICRA]BB
[ICRA]B+
[ICRA]BBB[ICRA]B+
[ICRA]BB
[ICRA]B
[ICRA]C
[ICRA]B-

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A3
[ICRA]A4
[ICRA]A4+
[ICRA]A3
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A3

Stable

[ICRA]A4

[ICRA]BBB[ICRA]B
[ICRA]BB
[ICRA]B
[ICRA]D

Stable

[ICRA]A3

Stable

[ICRA]A4

[ICRA]A3+
[ICRA]A3

[ICRA]A4

[ICRA]D

Company Name

Long Term

Agrimas Chemicals Limited


Agrocel Industries Limited
Agron Logistics India Private Limited
AGS Transact Technologies Limited
Ahalia Money Exchange and Financial
Services Pvt. Ltd.
Ahinsa Flour Mill Private Limited
Ahmedabad Strips Pvt. Ltd.
AIM Laminar Private Limited
Aircel Cellular Limited
Aircel Limited
Aircel Smart Money Limited
Airport Authority of India
Airtrax Polymers Private Limited
Airwave International Private Limited
Aishwarya Cottons
Ajab Singh and Company
Ajax Fiori Engineeing India Pvt Ltd
Ajay Enterprises Private Limited
Ajay Food Products (Katni) Private Limited

[ICRA]BBB[ICRA]A[ICRA]B
[ICRA]A
[ICRA]BB-

Ajay Protech Private Limited


Ajmera Housing Corporation
Ajnara India Limited
Ajnara Infrastructure (P) Ltd
Ajnara Realtech Limited
Ajni Industries Private Limited
Akal Information Systems Limited
Akanksha Automobiles (Private) Limited

[ICRA]B+
[ICRA]BB
[ICRA]BBB
[ICRA]BB
[ICRA]BB
[ICRA]BB+
[ICRA]B+
[ICRA]BB

Akarshak Infrastructure Private Limited


Akasaka Electronics Limited
Akash Agro Industries Limited
Akash Enterprises
Akash Oil & Cotton Factory
Akcros Polymers Private Limited
Akhandalamani Electricals & Construction

[ICRA]BB
[ICRA]BB+(SO)
[ICRA]BB[ICRA]B+
[ICRA]B
^
[ICRA]BB

Akkavila K Lekshmanan & Co.


Aklavya Industries Private Limited
AKS Alloys Private Limited
Aksh Optifibre Limited
Akshar Cotton Industries
Akshar Ginning & Pressing Industries
Akshara Motors Private Limited
Akshat Plastics Pvt. Ltd.
Akshaya Solar Power (India) Private
Limited
Aktinos Healthcare Private Limited
Aktinos Pharma Private Limited
Akums Drugs and Pharmaceuticals Ltd
Al- Dua Food Processing Private Limited

[ICRA]B
[ICRA]B+
[ICRA]C+
[ICRA]BBB
[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]BB[ICRA]BB-

[ICRA]B
[ICRA]BBB[ICRA]B+
[ICRA]BBB+
[ICRA]BBB+
[ICRA]BBB+
[ICRA]AAA
[ICRA]BBB[ICRA]BB+
[ICRA]B+
[ICRA]B
[ICRA]A+
[ICRA]BBB+
[ICRA]BB-

[ICRA]BB[ICRA]BB+
[ICRA]A+
[ICRA]A-(SO)

Short Term

Stable
Positive

[ICRA]A3
[ICRA]A2+

stable
Stable

[ICRA]A1

Stable

[ICRA]A3

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A3
[ICRA]A4+

Stable
Stable
Stable

[ICRA]A1
[ICRA]A3+
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable
Stable

[ICRA]A4+

Stable

[ICRA]A4

Stable
Negative
Stable

[ICRA]A4+(SO)
[ICRA]A4

Stable

^
[ICRA]A4+

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A3+

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A1+
[ICRA]A2+(SO)

Company Name

Long Term

Short Term

Al Gayathri Trading Company Private


Limited
Al Gyas Exports Pvt. Ltd.
Alakh Advertising & Publicity
Alang Metal & Realtors Private Limited
Alang Metal Exim Pvt. Ltd.
Alapatt Fashion Jewellery
Alapatt Fashion Jewellery, Kothamangalam

[ICRA]BB

[ICRA]BB+
[ICRA]D
[ICRA]D
[ICRA]B[ICRA]BB+

Stable

Alapatt Fashion Jewellery, Kozhikode


Alapatt Jewellers (Alapatt Heritage)
Ernakulam
Alapatt Jewellery (House of Alapatt)
Alapatt Jewels
Al-Aziz and Company
ALD Automotive rivate Limited
Alembic Limited
Al-Hamd Agro Food Product Private Limited

[ICRA]BB+
[ICRA]BB+

Stable
Stable

[ICRA]BB[ICRA]B
[ICRA]BB
[ICRA]AA+(SO)
[ICRA]A[ICRA]B+

Stable

Alidhra Machines Private Limited


Alivira Animal Health Limited
Alkali Metals Limited
All India Arya Samajis Society For Higher
and Technical Education
All India Bright Career Education Society

[ICRA]BB[ICRA]BBB+(SO)
[ICRA]BB[ICRA]BB+

Stable
Stable
Stable
Stable

All Services Global Private Limited


All Time Plastics Private Limited
Allahabad Bypass Pathways Private
Limited
Allevard IAI Suspensions Private Limited

[ICRA]BB+
[ICRA]BBB[ICRA]BBB-(SO)

Alliance Filaments Limited


Alliance Granimarmo Private Limited
Alliance Granimarmo Private Limited
Alliance Projects
Allied Energy Systems Private Limited
Allied Medical Limited
Allied Nippon Limited
Allix Ceramic Private Limited
Allmineral Asia Private Limited
ALM Industries Limited
Almadina Steel
Alok Glass Works
Aloka Exports
Alpha Tocol Engineering Services Private
Limited
Alphageo (India) Ltd
Alpine Poly Rub Pvt. Ltd
Al-Rkayan Apparels & Exports Private
Limited
Al-Saqib Exports Private Limited
Alstom Bharat Forge Power Limited
Alstom India Limited

[ICRA]D
[ICRA]B+
[ICRA]BBB-(SO)
[ICRA]BBB
[ICRA]BB[ICRA]BB+
[ICRA]BBB
[ICRA]B
[ICRA]BB

Stable
[ICRA]A4
[ICRA]A4+
[ICRA]D
[ICRA]D

Stable

Stable
Negative
Stable

[ICRA]A4
[ICRA]A2+
[ICRA]A4

[ICRA]A2+(SO)
[ICRA]A4

[ICRA]B+
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A3

[ICRA]B+

Stable
Stable
Stable
Stable
Stable

[ICRA]D
[ICRA]A4
[ICRA]A3(SO)

Stable

[ICRA]A4+
[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A3

[ICRA]BB+
[ICRA]BBB[ICRA]B+

Stable
Stable

[ICRA]A4+
[ICRA]A3

[ICRA]BB[ICRA]BBB+
[ICRA]AA

Stable
Stable
Stable

[ICRA]A2+
[ICRA]A1+

[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]B+

Stable

Company Name

Long Term

Short Term

Alstom T&D India Limited


Alstom Transport India Limited
Alstom Transport India Limited
Alstone International
Altair Electronics Private Limited
Altair Industrial Technologies Private
Limited
Altech Infrastructure Private Limited
Alukkas Enterprises Private Limited
Alukkas Gold Retail India Private Limited

[ICRA]AA[ICRA]A-(SO)
[ICRA]BBB
[ICRA]BBB
[ICRA]BB
[ICRA]B

Alukkas Jewellery (Anto Alukkas)


Alukkas Jewellery Alapuzha
Alukkas Jewellery Thrissur
Alumayer India Private Limited
Alumilite Architecturals Private Limited
Aluminium India
Alva's Education Foundation
Alvi Tech Services Private Limited
AM Motors
AMA India Enterprises Private Limited
Amalgamated Plantations Pvt Ltd
Amar Agro Industries
Amar Hatcheries
Amar Impex
Amar International
Amaravathi Spinning Mills Private Ltd
Amaravathi Textiles Private Limited
Amardeep Designs India Private Limited

^
[ICRA]BBB+
[ICRA]BBB+
[ICRA]BB[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]B+

Amarprakash Developers Private Limited

[ICRA]BB-

Stable

Amba Grains Private Limited


Ambala Automobile India Limited
Ambalal Chhotalal & Sons Private Limited

[ICRA]BB[ICRA]B
[ICRA]B

Stable

Ambani Organics Private Limited


Ambarwadikar Industries Private Limited

[ICRA]B
[ICRA]B+

Ambati Subbanna & Co. Oil Firm


Amber Builders
Amber Exports (India)
Amber International
Ambey Metallic Limited
Ambica Timber Mart
Ambica Timbertrade Private Limited
Ambika Overseas
Ambika Petrochem (Private) Limited
Ambuja Ginning Pressing & Oil Company
Private Limited
Ambuja Pipes Private Limited
Ambuthirtha Power Pvt Ltd
Amgoorie India Limited
Ami Riddhi Chem Pvt. Ltd.

[ICRA]BB[ICRA]BB[ICRA]BBB
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]BB
[ICRA]B+

[ICRA]B+
[ICRA]BBB+
[ICRA]BBB+

[ICRA]B+
[ICRA]AA[ICRA]B
[ICRA]B
[ICRA]BBB
[ICRA]BBB
[ICRA]D
[ICRA]BBB
[ICRA]BB

[ICRA]B
[ICRA]BBB[ICRA]A+
[ICRA]B+

Stable
Stable
Stable
Stable
Stable

Stable
Stable

[ICRA]A1+

[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2+

^
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+

Stable

Stable
Stable
Stable
Stable

[ICRA]A3+
[ICRA]A3+
[ICRA]D
[ICRA]A3+
[ICRA]A4

[ICRA]A4

Stable
Stable
Stable

Stable

[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]A4
Stable
Stable

[ICRA]A1+
[ICRA]A4

Company Name

Long Term

Short Term

Amico Textiles
Amidhan Developers
Amira Pure Foods Private Limited
Amit Brothers Private Limited
Amit Buildwell Private Limited
Amit Polypipes Private Limited
Amit Realty Private Limited
Amiya Steel Private Limited
AMM Engineering Works
Amma Cashew Factory
Amman Granites
Ammen Mills
Amon-Ra Impex Private Limited
Ample Technologies Pvt Ltd
Amrapali Centurian Park Private Limited

[ICRA]BB[ICRA]BB
[ICRA]BBB
[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]C[ICRA]BB[ICRA]B
[ICRA]BB+
[ICRA]B
[ICRA]B+
[ICRA]BBB
[ICRA]D

Stable
Stable
Stable
Stable

Amrapali Infrastructure Pvt. Ltd.


Amrapali Leisure Valley Pvt. Ltd.
Amrapali Princely Estate Private Limited

[ICRA]D
[ICRA]BB[ICRA]D

Amrapali Silicon City Private Limited


Amricon Agrovet Private Limited
Amrit Agrovet (P) Ltd.
Amrit Feeds Limited
Amrit Hatcheries Private Limited
Amrita Developers (Indore) Private Limited

[ICRA]B
[ICRA]BB+
[ICRA]D
[ICRA]D
[ICRA]D
[ICRA]D

Amritsar Rice Land


Amrut Cotton Industries
Amrut Gems
Amtech Electronics (India) Limited
Amtrade
Amvensys Technologies Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]BB+
[ICRA]BB+
[ICRA]BB+
[ICRA]B

Analogics Tech India Limited


Analyser Instruments Co. Pvt. Ltd.
Anam Polymer Private Limited
Anamika Developers
Anamitra Estates and Developers Private
Limited
Anand Cars Private Limited
Anand Cranks
Anand Duplex Limited
Anand Engineering Products Private
Limited
Anand Enterprise
Anand Rathi Commodities Limited
Anand Rathi Stock and Shares Borkers Ltd

[ICRA]B+
[ICRA]B
[ICRA]D
[ICRA]B+
Provisional
[ICRA]BBB-(SO)
*
[ICRA]B+
[ICRA]BB
[ICRA]D

[ICRA]A-

Stable

Anand Rice Mills


Anand Transformers Pvt. Ltd.
Ananda Enterprises India Private Limited

[ICRA]B
[ICRA]B+
[ICRA]BB-

Stable

Anandtex India Private Limited

[ICRA]BB+

Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
Stable

Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A3+

Stable

Stable

[ICRA]A4+
[ICRA]D
[ICRA]D
[ICRA]D

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4+
[ICRA]A4+

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4
Stable
[ICRA]D

[ICRA]B
[ICRA]A2+(SO)
[ICRA]A2+

[ICRA]A4

[ICRA]A4+

Company Name

Long Term

Short Term

Anandtex International Private Limited


Anant Electricals and Engineers
Anant Rice Industries
Anantnath Silk Mills Pvt Ltd.
Ananya Hospital Private Limited
Anapalli Convention Center
Anar Chemicals Private Limited
AND Designs India Limited
Andhra Asbestos Transport Company
Andhra Ferro Alloys Limited
Andhra Organics Limited
Andhra Petrochemicals Ltd
Andhra Pradesh Central Power Distribution
Company
Andhra Sugars Limited, The
Andritz Hydro Private Limited
Aneesh Ahmad Khan
Angadpal Industries Private Limited
Angel Pipes And Tubes Private Limited
Anglo-French Drugs and Industries Limited

[ICRA]BBB^
[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]BB
[ICRA]A+
[ICRA]B
[ICRA]BB
[ICRA]A+
[ICRA]BB+
[ICRA]B&

Stable

Stable
Stable

[ICRA]A3
^
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A4+
[ICRA]A1+

Stable
Stable
Negative

[ICRA]A4+
[ICRA]A1+
[ICRA]A4+
[ICRA]A4&

[ICRA]A
[ICRA]A
[ICRA]D
[ICRA]BB
[ICRA]B[ICRA]BBB-

Negative
Stable
Stable

[ICRA]A1
[ICRA]A1
[ICRA]D
[ICRA]A4

Stable

[ICRA]A3

Angre Port Private Limited


Angrish Alloys and Steel Private Limited

[ICRA]A-(SO)
[ICRA]B

Stable

[ICRA]A2+(SO)
[ICRA]A4

Anika Apparels Pvt. Ltd.


Anil Buildcon (India) Private Limited
Anil Special Steel Industries Ltd
Anisha Impex Limited
Anita International
Anjalee Granites Private Limited
Anjani Cotton Industries
Anjani Developers
Anjani Synthetics Limited
Ankit Electro Grating
Ankit International.
Ankit Metal & Power Limited
Ankur Udyog Limited
Annapoorani Yarns
Annapurna Microfinance Private Limited

[ICRA]B+
[ICRA]BBB[ICRA]D
[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]C+
[ICRA]BBB+
[ICRA]B+
[ICRA]BBB

Annex Glass Industries Private Limited


Annpoorna Overseas
Annur Satya Textile Limited
Anod Plasma Spray Ltd.
Anoj kumar Agarwala
Anondita Healthcare
Anoop Forgings Pvt. Ltd.
Ansaldocaldaie GB Engineering Private
Limited
Anshul Impex Private Limited
Anshul Specialty Molecules Limited
Antarctica Properties Company Limited
Anthem Biosciences Private Limited
Anthem Cellutions (India) Limited

[ICRA]D
[ICRA]B+
[ICRA]B[ICRA]B
[ICRA]BB
[ICRA]B+
[ICRA]B[ICRA]D
[ICRA]BB+
[ICRA]BBB[ICRA]D
[ICRA]BBB[ICRA]BBB-

Stable

Stable

Stable
Stable

Stable

[ICRA]A4
[ICRA]A3
[ICRA]D
[ICRA]A4
[ICRA]A4

[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A2
[ICRA]A4

Stable
[ICRA]D
[ICRA]A4
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A4+
[ICRA]A3

Stable
Stable

[ICRA]A3
[ICRA]A3

Company Name

Long Term

Short Term

Anthony Garments Private Limited


Antique Art Exports Pvt. Ltd.
Antique Cottex Private Limited
Antique Maronite Private Limited
Antony Motors Private Limited
Antony Road Transport Solutions Private
Limited
Anu Cashews
Anubha Fabrics Private Limited
Anubhav Gems Pvt. Ltd.
Anugraha Valve Castings Limited
Anuh Pharma Limited
Anupam Industries Limited
Anurag Resort Pvt Ltd
Anvil Cables Private Limited
AOV Exports Private Limited
APAR Charitable Trust for Education and
Research
Aparna Constructions and Estates Private
Limited
Aparna Enterprises Limited
Apcotex Industries Limited
Apeejay Shipping Limited
Apeejay Surrendra Park Hotels Limited
Apeejay Tea Limited
Apex Auto Limited
Apex Construction
Apex Frozen Foods Private Limited
Apex Products Private Limited (Unit
National Printers)
API Associates Private Limited
API Ispat and Powertech Private Limited

[ICRA]BB[ICRA]B[ICRA]B+
[ICRA]BBB+
[ICRA]B+
[ICRA]D

Stable

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A2+
[ICRA]A4

[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]A[ICRA]BBB+
[ICRA]BBB
[ICRA]D
[ICRA]BB
[ICRA]BBB+
[ICRA]B

Stable

[ICRA]A4+
[ICRA]A4

Stable
Stable
Stable

[ICRA]A2+
[ICRA]A2+
[ICRA]A3+

Stable
Stable

[ICRA]A4
[ICRA]A2+

[ICRA]BBB-

Stable

[ICRA]A3

[ICRA]BBB
[ICRA]AA[ICRA]AA[ICRA]A+
[ICRA]AA[ICRA]C
[ICRA]B+
[ICRA]BBB[ICRA]BB

Stable
Stable
Negative
Stable
Stable

[ICRA]A2
[ICRA]A1+
[ICRA]A1+
[ICRA]A1+
[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A3

APL Apollo Tubes Limited


APLAB Limited
APM Infrastructure Private Limited
Apollo International Limited
Apollo metalex pvt limited
Apollo Soyuz Electricals Private Limited
APPL Industries Limited
Apple Rolling Mills Limited
Appollo Distilleries Private Limited
APR Constructions Limited
Aprica Business Solutions Pvt. Ltd.
Aprica Pharmaceuticals Private Limited
Aptus Value Housing Finance India Limited

[ICRA]A
[ICRA]D
[ICRA]B
[ICRA]BBB+
[ICRA]A(SO)
[ICRA]B+
[ICRA]BBB[ICRA]BB+
[ICRA]B+&
[ICRA]BBB
[ICRA]B+*
[ICRA]BB[ICRA]BBB+

Stable

Apurvakriti Infrastructure Private Limited


APV Realty Limited
Aqua Marine
Aqval Ceramic
AR Loomtex India Private Limited
Aradhna Fabrics Pvt. Ltd.
Arani Power Systems Limited

[ICRA]BB[ICRA]BB

Stable
Stable

[ICRA]D
[ICRA]A-

^
[ICRA]D
^
[ICRA]D

Stable
Stable

Stable

Stable
Stable
Stable
Stable

[ICRA]D
[ICRA]A2+
[ICRA]A1
[ICRA]D
[ICRA]A4
[ICRA]A2+
[ICRA]A1(SO)
[ICRA]A4
[ICRA]A3

Stable

[ICRA]A3+

Stable
Stable

[ICRA]A4

[ICRA]A4
^
^
[ICRA]D

Company Name

Araska Diamond Private Limited


Arattukulam Developers
Aravali Power Company Private Limited

Long Term

Short Term

[ICRA]A4
[ICRA]BB+
[ICRA]A

Stable
Stable

Arawali Phosphate Limited


Arbee Aquatic Proteins Private Limited
Arc Lamicraft Private Limited
Archies Ltd
Archit Organosys Limited
Archit Plywood Private Limited
Archit Trading Co.
Arcotech Ltd.
Ardent Commodities Private Limited
Arex Industries Ltd.
Arhyama Solar Power Private Limited
Arido Ceramic
Arihant Dream Infra Projects Limited
Arihant Industries
Arihant Polysacks
Arihant Solvex Private Limited
Arihant Vastu Nirman Private Limited
Arjandass & Sons.
Arjuna Solvent Extraction Pvt Limited
Arka Carbon Fuels Private Limited
Arm Tech India Limited
Arm Welders Private Limited
Armaan Industries Pvt. Ltd.
Armania Agro Industries
Arnav Technosoft Private Limited
ARO Equipments Private Limited
Aromatics (India) Private Limited
Arqube Industries (India) Limited
ARS Energy Private Limited
Arshit Gems
Art & Crafts Inc.
Art India
Artefact Projects Limited
Arumuga Fabrics Private Limited
Arumuga Textile Exporters
Arun Spinning Mills Pvt Ltd
Arunachal Tea & Industries Private Limited

[ICRA]BB[ICRA]B
[ICRA]D
[ICRA]A
[ICRA]B+
[ICRA]B
[ICRA]B^
[ICRA]BB[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]C
[ICRA]BBB[ICRA]B+
[ICRA]BB
[ICRA]BB[ICRA]B
[ICRA]D
[ICRA]BB
[ICRA]B+
[ICRA]BB+
[ICRA]A[ICRA]D
[ICRA]BB
[ICRA]B+
[ICRA]C

Stable

Aruppukottai Shri Ramalinga Spinners (P)


Limited
Aruppukottai Sri Jayavilas Limited
Arush Industries
Arvind Export Solvent Oil Industries
Arvind Pipes & Fittings Industries Private
Limited
Arvind Remedies Limited
Arvind Singla
Arya Alloys Private Limited
Arya Autowheels Private Limited
Arya Cotton Industries

[ICRA]B

[ICRA]D
[ICRA]BBB

[ICRA]C
[ICRA]BBB[ICRA]B+
[ICRA]D
[ICRA]D
[ICRA]BB[ICRA]BB
[ICRA]B
[ICRA]B+

[ICRA]A1

Stable

Stable
stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
^
[ICRA]A4
[ICRA]A3
[ICRA]A4

Stable
[ICRA]A4
Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A4
Stable
Stable
Stable

[ICRA]D
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A3
[ICRA]D

Stable
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A3
[ICRA]D
[ICRA]D

Stable
Stable

[ICRA]A4

Company Name

Long Term

Short Term

Arya Iron & Steel Company Private Ltd


Arya Omnitalk Wireless Solutions Private
Limited
Aryan Castings Private Limited
Aryan Construction & Associates
Aryan Packaging Products Private Limited

[ICRA]A[ICRA]BBB+(SO)

stable
Stable

[ICRA]A2+
[ICRA]A2(SO)

[ICRA]B
[ICRA]BB[ICRA]BB-

Stable
Stable

[ICRA]A4

Aryan Paper Mills Private Limited


Aryan Tea Plantation Private Limited
Aryavir Buildcon Private Limited
ASAP Fluids Private Limited
ASB Projects Limited
Ascend Telecom Infrastructure Pvt. Ltd.
Ascendum Solutions India Private Limited

[ICRA]BBB[ICRA]BB+
[ICRA]D
[ICRA]BBB(SO)
[ICRA]B+
[ICRA]BB+
[ICRA]B+

Stable
Stable

[ICRA]A3
[ICRA]A4+

Stable

[ICRA]A3+(SO)

Ascent Yarns Private Limited


Ascott Electricals Private Limited
Asha Industries
Ashapura International Limited
Ashapura Perfoclay Limited
Ashiana Housing Limited
Ashida Electronics Private Limited
Ashirvad Industries & Infrastructure
Ashish Exports
Ashley Alteams India Limited
Ashok Alco-Chem Limited
Ashok Bricks Industries Pvt. Ltd.
Ashok Handlooms Factory Private Limited

[ICRA]BB+
[ICRA]B+
[ICRA]B[ICRA]BB+
[ICRA]BBB+
[ICRA]A[ICRA]BBB
[ICRA]B[ICRA]B+
[ICRA]BB
[ICRA]BBB[ICRA]B+
[ICRA]B

Stable

[ICRA]A4+
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A2

Ashok Leyland John Deere Construction


Equipment Company Private Limited

[ICRA]A-

Stable

[ICRA]A2+

Ashok Leyland Ltd


Ashoka Distillers & Chemicals (P) Ltd
Ashoka Dyeing and Printing Mills Private
Limited
Ashoka Foam Multiplast Ltd
Ashoka Foam Private Limited
Ashoka Poly Laminators Limited
Ashritha Health Care Private Limited
Ashutosh Container Services Private
Limited (ACSPL)
Ashutosh Enterprises
Ashutosh Foods
Ashwin Vanaspati Industries Private Limited

[ICRA]AA[ICRA]BBB[ICRA]B+

Stable
Stable

[ICRA]A1+
[ICRA]A3
[ICRA]A4

[ICRA]BB[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]BBB-

Stable

[ICRA]A4

Stable

[ICRA]A4

[ICRA]B+
[ICRA]B+
[ICRA]BB+

Stable

[ICRA]A4+

Ashwini Infradevelopments Pvt. Ltd


Ashwinram Spinning Mills Private Limited

[ICRA]BBB[ICRA]BB+

Stable
Stable

[ICRA]A4+

Asia Bulk Sacks Private Limited


Asian Construction Company
Asian Granito India Limited
Asian Handicrafts Private Limited
Asian Lakto Industries Limited

[ICRA]B[ICRA]BB+
[ICRA]A-&
[ICRA]B+
[ICRA]B-

Stable

Stable
Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4

Stable
[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A2+&
[ICRA]A4

Company Name

Asian Peroxides Limited


Asian Resurfacing of Road Agency Private
Limited
Asian Solvochem Private Limited
Asian Stainless Private Limited
Asir Automobiles Private Limited
Asirvad Microfinance Private Limited
ASM Technologies Limited
ASN Agri Genetic Private Limited
Asoke Timber Co.
ASolution Pharmaceuticals Private Limited

Long Term

[ICRA]B
[ICRA]BB+
[ICRA]BB+
[ICRA]BB
[ICRA]BB[ICRA]A[ICRA]BBB
[ICRA]B+
[ICRA]B+
[ICRA]B+

Short Term

Stable
Stable
Stable
Stable
Stable
Stable

Aspen Infrastructures Limited


Aspi Cars Private Limited
ASR Met Tech Private Limited
Assam Timber Products Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]B+

Asset Homes Private Limited


Assetz Investments and Holdings LLP
Assetz Property and Homes LLP
Assetz Whitefield Homes Private Limited

[ICRA]BBB[ICRA]BB+
[ICRA]BBB
[ICRA]BBB-

Stable
Stable
Stable
Stable

Associated Commercial Enterprises


Associated Industrial Furnaces Private
Limited
Associated Insulation Co
Associated Road Carriers Limited
Assorted Plastics Private Limited
Astec LifeSciences Limited
Astha Enterprise
Astron Paper and Board Mill Limited
Astrotech Steels Private Limited
Asvini Fisheries Private Limited
Aswani Construction Private Limited
ATC Logistics Private Limited
Atlantis Builders India Private Limited
Atlantis Lifesciences Private Limited
Atlas Alloy (India) Private Limited
Atlas Cycles (Haryana) Limited
Atlas Exports (India)
Atlas Jewellery India Limited
ATM Global Corporation
Atom Ceramic
Atpac Industries
ATR cars Private Limited
ATR Warehousing Private Limited
Atria Brindavan Power Limited
Atul Automotives
Atul Motors Private Limited
Aukland Ceramic Private Limited
Aum Reality
Aum Udyog
Auraya Healthcare
Auro Gold Jewellery Private Limited

[ICRA]BB
[ICRA]BB-

Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A4

[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]B
[ICRA]A+
[ICRA]BB+
[ICRA]BBB&
[ICRA]D
[ICRA]BB[ICRA]BBB[ICRA]BBB+
[ICRA]BB
[ICRA]BB[ICRA]BB+
[ICRA]B+
[ICRA]D
[ICRA]B
[ICRA]BBB+
[ICRA]BBB[ICRA]B
[ICRA]B+
[ICRA]BB+
[ICRA]B
[ICRA]D
[ICRA]BBB[ICRA]BBB[ICRA]BBB
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]D

[ICRA]A4
[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
Stable

Stable
Stable
Stable
Stable
Stable
Stable

Stable
Stable

[ICRA]A4+
[ICRA]A3+&
[ICRA]D
[ICRA]A4
[ICRA]A3
[ICRA]A2

[ICRA]A4
[ICRA]D
[ICRA]A4
[ICRA]A2+

[ICRA]A4
Stable

Stable
Stable
Stable

[ICRA]A3
[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]D

Company Name

Long Term

Short Term

Auro Impex & Chemicals Pvt. Ltd.


Auro Industries Limited
Auronext Pharma Private Limited
Aurora Apparel Private Limited
Aurora Sri Venkateswara Swamy Steel &
Alloys Private Limited
Auto Carriage Private Limited
Auto Hitech Private Limited
Auto Point Car Division
Autocomp Corporation Panse Private
Limited
Autocreate Wheels Private Limited
Autometer Alliance Limited
Automotive Axles Ltd
AV Science & Technologies Private Limited

[ICRA]B
[ICRA]B+
[ICRA]BB+
[ICRA]BB
[ICRA]B+

[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4+

AVA Apparels LLP


Avadh Buildcon
Avadh Cotex Pvt Ltd
Avadh Cotton Industries- Jamnagar
Avadh Fibers Private Limited
Avadh Infra
Avadh Infra Project
Avalon Agro Products Private Limited
Avani Petrochemicals Private Limited
Avantis Enterprise
Avantor Performance Materials India
Limited
Avasarala Technologies Limited
Avenues Pharmaceuticals Associates
Avera Resource Private Limited
AVG Logistics Private Limited
AVG Motors Limited
Avi Global Plast Private Limited
AVIA Ceramics Private Limited
Avid Apparel industries
Avinash Ispat Private Limited
Avinash Ramakrishna Developers Private
Limited
AVI-Oil India Private Limited
Avni Energy Solutions Private Limited
Avni Steels
Avon Cottex Private Limited
AVR Overseas Private Limited
AVR Swarnamahal Jewelry Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]BB+
[ICRA]BB[ICRA]BB+

AVS Cargo Management Services Private


Limited
AVT Mc Cormick Ingredients Private
Limited
AVT Natural Products Ltd
Avvas Infotech Private Limited
Axa Parenterals Limited
Axiom Ceramic Private Limited

[ICRA]BB[ICRA]BBB[ICRA]B+
[ICRA]BBB[ICRA]B
[ICRA]A[ICRA]A+
[ICRA]B+

[ICRA]D
[ICRA]BB+

Stable
Stable

Stable
Stable
Stable

[ICRA]A3

Stable
Stable

[ICRA]A2+
[ICRA]A1
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4+
[ICRA]D

Stable
[ICRA]A4
[ICRA]A4+
[ICRA]A3+
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]BB+
[ICRA]BBB
[ICRA]BB+
[ICRA]B

Stable
Stable
Stable

[ICRA]BB[ICRA]B+

Stable

[ICRA]A
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]BBB-

Negative

[ICRA]A1
[ICRA]A4

Stable
Stable

[ICRA]A4+
[ICRA]A3

[ICRA]BBB-(SO)

Stable

[ICRA]A-

Stable

[ICRA]A2+

[ICRA]A
[ICRA]D
[ICRA]BBB[ICRA]B

Stable

[ICRA]A1
[ICRA]D
[ICRA]A3
[ICRA]A4

Stable

Company Name

Long Term

Axis Garment Designer


Axis Overseas Limited
Axita Cotton Private Limited
Ayaan Trendz Private Limited
Aysha Cashew Exports
Ayush Texlene Limited
Ayushman Merchants Private Limited
Ayyan Fireworks Factory Private Limited

[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]B[ICRA]B+
[ICRA]BB+

Ayyappa Infra Projects Pvt. Ltd.


Aziz Enterprises
Aztec Shiva Handicrafts and Arts Private
Limited
Azure Power India Private Limited
B Durga Reddy Infrastructures Private
Limited
B Fouress Private Limited
B L Goel & Company
B P Alloys Limited
B. H. Cotton Private Limited
B. Harish & Company
B. K. Exports
B. Manek Exports
B. Nehal
B. P. Food Products Private Limited
B. R. Sponge & Power Limited
B.B. Asia Impex Private Limited
B.C. Mohanty & Sons Private Limited
B.D. Agricare Private Limited
B.D. Overseas
B.D. Textile Mills Private Limited
B.I. Fabrics
B.I. Group of Industries
B.K. Infratech Private Limited
B.M. Gupta Developers Pvt. Ltd.
B.M. Gupta Estate Pvt. Ltd.
B.Melaram & Sons
B.P. Flour Mills Private Limited
B.P.Sangle Constructions Private Limited

[ICRA]BBB[ICRA]B

B.R. Guar Gum Private Limited


B.R.T. Spinners Private Limited
B.Sorabji
B.V. Bio-Corp. Ltd
B.V. Cots Spin Industries
B.V.L. Exports Private Limited
B.Vijaykumar & Co.
Baba Akhila Sai Jyothi Industries Private
Limited
Baba Construction Pvt. Ltd.
Baba Jatadhari Agro (India) Private Limited

[ICRA]B+
[ICRA]BBB-

Baba Malleshwar Rice Mill Private Limited

[ICRA]B-

Short Term

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
Stable
Stable

[ICRA]A3
[ICRA]A4

[ICRA]BBB[ICRA]BB

Stable
Stable

[ICRA]BBB+
[ICRA]BB
[ICRA]B
[ICRA]B+

Stable
Stable

[ICRA]A2+
[ICRA]A4+
[ICRA]A4
[ICRA]A4+

[ICRA]B
[ICRA]BB+
[ICRA]B+
[ICRA]BBB
[ICRA]B+
[ICRA]BB
[ICRA]BB+
[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]BB
[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]BB+

Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A3+
[ICRA]A4
[ICRA]A4

[ICRA]A4
Stable
Stable
Stable
[ICRA]A4
[ICRA]A4
[ICRA]A4
Stable
Stable

[ICRA]A4+

Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A2+

[ICRA]BB

Stable

[ICRA]A4
[ICRA]A4

[ICRA]BB[ICRA]B

Stable

[ICRA]A[ICRA]B+
[ICRA]B

Stable

[ICRA]A4

Company Name

Long Term

Baba Rice Mill


Babita Synthetics Private Limited
Bachi Shoes Limited
Backbone Enterprises Limited
Bafna Enterprises
Bafna Ginning and Pressing Private Limited

[ICRA]BB
[ICRA]B[ICRA]A+
[ICRA]A[ICRA]BBB+
[ICRA]B+

Bafna Motors (Mumbai) Pvt. Ltd.


Bagga Link Motors Limited
Bagga Link Service Limited
Bagmane Developers Pvt Ltd
Bagpoly International Private Limited
Baheti Silicones And Metals Private Limited

[ICRA]B[ICRA]BB+
[ICRA]BB+
[ICRA]A[ICRA]B+
[ICRA]B

Bahl Paper Mills Ltd


Bahra Educational and Charitable Society

[ICRA]A[ICRA]D

Bahuleyan Charitable Foundation


Baijnath Melaram
Bairathi Shoe Company Private Limited
Bajaj Capital Limited
Bajaj Electricals Limited
Bajaj Kagaj Limited
Bajaj Motors Limited
Bajaj Printers & Packers
Bajrang Pulses and Agro Products Private
Limited
Bajrang Steel Sales Corporation
Bal Pharma Limited
Bala Industries and Entertainment Private
Limited
Bala Sundri Foods
Bala Sundri Rice Mills
Balajee Ply Product Private Limited
Balaji Automotive
Balaji Autos
Balaji Autoworld Private Limited
Balaji Builders
Balaji Cellphone Private Limited
Balaji Coal Private Limited
Balaji Cotton Industries
Balaji Electrical & Hardware
Balaji Electrosteels Limited
Balaji Enterprises
Balaji Fertilisers Private Limited
Balaji Infratech and Construction Pvt Ltd
Balaji International
Balaji Motors
Balaji Motors
Balaji Overseas
Balaji Railroad Systems Limited
Balaji Warehousing Company Private
Limited
Balbir Alloys Private Limited

[ICRA]B+
[ICRA]BB
[ICRA]BB[ICRA]BBB
[ICRA]A
[ICRA]BB[ICRA]A+
[ICRA]D
[ICRA]B+
[ICRA]BB[ICRA]BBB[ICRA]BBB(SO)
[ICRA]B
[ICRA]B
[ICRA]B[ICRA]BB[ICRA]B+
[ICRA]C
[ICRA]B+
[ICRA]BB+
[ICRA]BB[ICRA]D
[ICRA]B
[ICRA]D
[ICRA]B+
[ICRA]B[ICRA]BBB[ICRA]B+
[ICRA]BBB[ICRA]B[ICRA]B
[ICRA]BBB+
[ICRA]BB+
[ICRA]BB

Short Term

Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A2+
[ICRA]A2+
[ICRA]A4

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4+
[ICRA]A4
[ICRA]A4

Stable

Stable
Stable
Stable
Positive
Stable
Stable

Stable
Stable
Stable

[ICRA]A2+

[ICRA]A4
[ICRA]A4+

[ICRA]A1
[ICRA]A4
[ICRA]A1+
[ICRA]D

[ICRA]A3
[ICRA]A3+(SO)
[ICRA]A4
[ICRA]A4

Stable

Stable
Stable

[ICRA]A4+
[ICRA]A4

[ICRA]A4
Stable

[ICRA]A3
[ICRA]A4

Stable
[ICRA]A4
Stable
Stable

[ICRA]A4+

Stable

[ICRA]A4

Company Name

Long Term

Baldev Metals Private Limited


Baldev Textile Mills Private Limited
Baldev Textile Mills Private Limited
Baldva Textiles Private Limited
Bale Babu Estates Private Limited
Balkrishna Sales Corporattion
Balkrushna Ginning & Pressing Industries

[ICRA]B+
[ICRA]BB
[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]B+

Ballium Exports
Balmer Lawrie & Co.
Balmer Lawrie-Van Leer Limited
Balprada Hotels & Hospitality Services Pvt
Ltd
Balrampur Chini Mills Ltd
Balu India
Banas Stones Private Limited
Banco Gaskets (India) Limited
Banco Products (India) Ltd
Bangalore Airport Hotel Limited

[ICRA]B
[ICRA]AA
[ICRA]A[ICRA]D

Short Term

Stable
Stable

[ICRA]A4+
[ICRA]A4+

Stable

Stable
Stable

[ICRA]A1+
[ICRA]A2+
[ICRA]D

Negative

[ICRA]A1
[ICRA]A4
[ICRA]A4
[ICRA]A1+
[ICRA]A1+

Bangalore Dor-tech Private Limited


Bangalore International Airport Limited
Bangalore Metallurgicals Private Limited

[ICRA]A
[ICRA]B
[ICRA]BB[ICRA]A+
[ICRA]AAProvisional
[ICRA]A(SO)
[ICRA]BB[ICRA]A
[ICRA]BB-

Bangalore Surgicals
Banke Behari Foods Private Limited
Banke Bihari Associates
Banox Exim Private Limited
Bansal Alloys & Metals Pvt Ltd
Bansal Brothers
Bansal Construction Works
Bansal Construction Works Private Limited

[ICRA]BBB+
[ICRA]BB
[ICRA]B+
[ICRA]BBB
[ICRA]BBB[ICRA]BB
[ICRA]B+
[ICRA]B+

Stable
Stable

Bansal Educational Trust


Bansal Fine Foods Private Limited
Bansal Foods (India)
Bansal Infraprojects Pvt. Ltd.
Bansal Iron & Steel Rolling Mills
Bansal Ispat Udyog
Bansal Lumbers Private Limited
Bansal Pathways (Damoh - Katni) Private
Limited
Bansal Pathways Private Limited
Bansidhar Agarwalla & Company Private
Limited Unit: Chinsuarh Cold Storage

[ICRA]BB
[ICRA]BB
[ICRA]B+
[ICRA]BB
[ICRA]BB+
[ICRA]BB+
[ICRA]B
[ICRA]B+

Stable
Stable

[ICRA]BBB
[ICRA]B-

Stable

Banwarilal Sriram Foods Private Limited

[ICRA]B

Bapuji Education Association


Baraka Overseas Traders
Baramati Hi Tech Textile Park Limited
Barasat Krishnagar Expressways Limited

[ICRA]A+
[ICRA]B+
^
[ICRA]D

Stable
Stable
Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable

Stable
Stable
Stable

[ICRA]A2

[ICRA]A3
[ICRA]A4
[ICRA]A4

[ICRA]A4
[ICRA]A4+

[ICRA]A4

Stable

[ICRA]A1+
^

Company Name

Long Term

Short Term

Barbate Automotive (India) Private Limited

[ICRA]BB-

Stable

Barbeque Nation Hospitality Limited


Barflex Polyfilms Pvt Ltd
Barmendra Agrotech Private Limited
Baroda Agro Chemicals Limited
Barque Hotels Private Limited
Bartaman Pvt. Ltd.
Baruapara SK Tea Factory Private Limited

[ICRA]BBB+
[ICRA]C+
[ICRA]B
[ICRA]B+
[ICRA]BBB
[ICRA]A
[ICRA]B

Stable

Stable
Stable

[ICRA]A1

Basant Agro-Tech (India) Limited


Basant City Centre Malls Private Limited

[ICRA]BBB
[ICRA]B+

Stable

[ICRA]A2

Base Metal Chemicals


Bata India Limited
Batra Logistics Private Limited
BAU Developers Private Limited
Bava Mines and Minerals
Bavtawala Iron & Steel Private Limited
BCC Estate Private Limited
BCPL Conductors Private Limited
BDS Projects India Private Limited
Beauty & More
Beekay Universal Impex Private Limited
Bejan Singh Eye Hospital Private Limited

[ICRA]BB+
[ICRA]AA+
[ICRA]B+
[ICRA]D
[ICRA]D
[ICRA]BB^
[ICRA]B
[ICRA]B[ICRA]B+

Stable
Stable

[ICRA]A4+

Stable

[ICRA]A4
^
[ICRA]A4
[ICRA]A4

Bekem Infra Projects Pvt Ltd


Beko Dimon Fishing Company
BEL Optronic Devices Limited
Belaire Hotels Private Limited
Bell Textiles Private Limited
BEML Limited
Bengal Ambuja Housing Development
Limited
Bengal Shapoorji Housing Development
Private Limited
Bengani Exports (India) Private Limited
Bengani Food Products Private Limited
Benny Products Private Limited
Benson Medical Equipments Private
Limited
Benzfab Technologies Private Limited
Berar Finance Limited
Bericap India Private Limited
Berry Alloys Limited
Best Agrochem Pvt. Ltd.
Best India Tobacco Suppliers (P) Ltd
Bestech Hospitalities Pvt. Ltd.
Bestech India Pvt. Ltd.
Bethel Cashew Company
Betterman Engineers Private Limited
Betul Wind Farms Limited
Beyond Real Estate Private Limited
BFG International Private Limited

[ICRA]BBB+
[ICRA]BB[ICRA]AA
[ICRA]BB+
[ICRA]BB+
[ICRA]A+
[ICRA]A-

Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]AA(SO)

Stable

[ICRA]BB+
[ICRA]BB+
[ICRA]BB
[ICRA]BB

Stable
Stable
Stable
Stable

[ICRA]A4

[ICRA]A4+
[ICRA]B

[ICRA]D
[ICRA]BBB[ICRA]BB+
[ICRA]D
[ICRA]BB[ICRA]B
[ICRA]BBB
[ICRA]BBB
[ICRA]B+
[ICRA]B
[ICRA]BB
[ICRA]BBB
[ICRA]BB

[ICRA]A1+
[ICRA]A4+
[ICRA]A4+
[ICRA]A1+

[ICRA]A4+
[ICRA]A4+
[ICRA]A4
[ICRA]D

Stable
Stable

[ICRA]A4+
[ICRA]D

Stable
[ICRA]A4
Stable
Stable

Stable
Stable
Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4

[ICRA]A4

Company Name

Long Term

Short Term

BGR Energy Systems Limited


Bhabani Offset Private Limited
Bhabani Print & Publications
Bhadohi Carpets
Bhadora Industries
Bhagatpur Tea Company Limited
Bhagirathi Packaging Private Limited
Bhagwan Mahaveer Memorial Jain Trust

[ICRA]BBB+
[ICRA]D
[ICRA]D
[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]BBB[ICRA]BBB-

Stable

[ICRA]A2

Stable
Stable

[ICRA]A3
[ICRA]A3

Bhagwandas Metals Limited


Bhagwati Diamonds Private Limited
Bhagwati Enterprises
Bhagwati Ferro Metal Pvt Ltd
Bhagwati Rice Mill (P) Ltd
Bhagwati Steel Cast Ltd
Bhagya Diamond Jewellery Private limited

[ICRA]BB[ICRA]BB
[ICRA]B+
[ICRA]BBB
[ICRA]B+
[ICRA]BBB
[ICRA]B+

Stable
Stable

[ICRA]A4

Bhagyoday Cotton Industries


Bhairaav Erectors Limited
Bhalara Cotton Private Limited
Bhalaria Metal Craft Private Limited
Bhalkeshwar Sugars Limited
Bhalla Chemical Works Pvt. Ltd.
Bhansali & Co.
Bhansali Impex Limited
Bhansali Industries
Bhanu Construction
Bharat Agriculture Export Import Co.
Private Limited
Bharat Benefication & Power Private
Limited
Bharat Bijlee Limited
Bharat Biotech International Limited
Bharat Cereals Private Limited
Bharat Containers (Nagpur) Pvt Ltd
Bharat Cottage Industries
Bharat Electronics Limited
Bharat Export Overseas
Bharat Food & Agro Products
Bharat Forge Limited
Bharat Fritz Werner Ltd.
Bharat Gluco Industries (P) Limited
Bharat Immunologicals & Biologicals
Corporation Limited
Bharat Industrial Corporation
Bharat Industrial Enterprises Limited
Bharat Infrastructure & Engineering Limited

[ICRA]B+
[ICRA]BB
[ICRA]B
[ICRA]BBB[ICRA]C[ICRA]B+

[ICRA]B+
[ICRA]BB
[ICRA]BB-

Stable
Stable

Bharat Iron Syndicate


Bharat Mines and Minerals
Bharat Road Carrier Private Limited
Bharat Scrap
Bharat Seats Limited
Bharat Silks

[ICRA]BB

Stable

[ICRA]BB[ICRA]B
[ICRA]BBB
[ICRA]B+

Stable

Stable
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A3+

Stable

[ICRA]A3+

Stable
Stable
[ICRA]A4
[ICRA]A4+

[ICRA]B[ICRA]BB[ICRA]BB
[ICRA]B-

Stable
Stable

[ICRA]BBB-

Stable

[ICRA]A
[ICRA]A[ICRA]BB+
[ICRA]BBB
[ICRA]C
[ICRA]AAA
[ICRA]B+
[ICRA]BB[ICRA]AA+
[ICRA]BBB
[ICRA]BB+
[ICRA]BBB-

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

Stable

[ICRA]A4+

[ICRA]A1
[ICRA]A2+

[ICRA]A4
[ICRA]A1+

[ICRA]A1+
[ICRA]A3+
[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4+@
[ICRA]A4
[ICRA]A2
[ICRA]A4

Company Name

Long Term

Bharat Steel Rolling Mills


Bharat Supply Company
Bharat Timber & Construction Co.
Bharat Tissus Pvt Ltd
Bharath Agro Agencies
Bharath Auto Cars Private Limited
Bharati Energy & Natural Resources Pvt.
Ltd.
Bharatiyam Foods and Beverages Private
Limited
Bharti Airtel Limited
Bharti Farms India (P) Limited
Bharti Ingot Private Limited
Bharti Research and Breeding Farms
Bhartiya Alloys & Steel Cast Ltd.
Bhartiya City Developers Private Limited

[ICRA]C+
[ICRA]B+
[ICRA]BBB-

Short Term

Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4

[ICRA]B+
[ICRA]BB+
[ICRA]B+

Stable

[ICRA]BB-

Stable

[ICRA]AA+
[ICRA]D
[ICRA]BB
[ICRA]D
[ICRA]B+
[ICRA]BBB-

Stable

[ICRA]A1+

Stable

[ICRA]A4+

Bhartiya International Limited


Bhartu Ram Ashish Kumar
Bhaskar Fertilisers Private Limited
Bhaskar International Private Limited
Bhaskar Padma Rice Industry
Bhaskar Prakashan Private Limited
Bhaskar Transport Pvt Ltd
Bhaskara Marketing Services
Bhatia & Company
Bhatia Coke and Energy Limited
Bhatia Colonizers Private Limited
Bhaurao Chavan Sahakari Sakhar
Karkhana Limited
Bhavana Power Private Limited
Bhavani Cotex
Bhavani Industries
Bhavani Sea Foods
Bhavin Agri-Infra Private Limited
Bhavin Steel Pvt Ltd
Bhavya Enterprises
Bhawani Industries Limited
Bhawtarini Vinimay Pvt. Ltd.
Bhojwani Universal Impex Private Limited

[ICRA]A
[ICRA]B
[ICRA]B
[ICRA]B
^
[ICRA]BBB+
*
[ICRA]B
[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]BB

Stable

[ICRA]BB[ICRA]B+
[ICRA]BBB-

Stable

Bhoomi Ginning Pressing Pvt Ltd


Bhoomi Textiles
Bhopal Garage and Services Station
Bhumi Polymers Private Limited
Bhupinder Alloys Private Limited
Bhuruka Gases Limited
Bhuvaneswari Cotspin India Pvt Ltd
Bhuvaneswari Tex
Bhuwalka & Sons Pvt Ltd
Bhuwalka Casting & Forging Ltd
Bhuwalka Pipes Private Limited
Bhuwalka Sales Corporation
Biba Apparels Private Limited

[ICRA]B+
[ICRA]BB+
[ICRA]BB
[ICRA]BB[ICRA]B+
[ICRA]BB+
[ICRA]BB
[ICRA]BB
[ICRA]BB+
[ICRA]BB+
[ICRA]BBB+
[ICRA]BB+
[ICRA]A+

[ICRA]A4

[ICRA]A4
Positive
[ICRA]A1
[ICRA]A4

Stable

Stable

^
[ICRA]A2+

[ICRA]A4
[ICRA]A4

Stable

Stable

[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]D
[ICRA]B

[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4+
[ICRA]A4+

[ICRA]A1+

Company Name

Long Term

Short Term

Bibby Financial Services India Private


Limited
Big C Mobiles Private Limited
Big Fly Hygiene Products Limited
Big Tiles
Bikaji Foods International Limited
Bilfinger Neo Structo Construction Ltd
Bill Forge Private Limited
Billets Elektro Werke Limited
Billroth Hospitals Limited
Bindal Iron & Steel Company
Binjrajka Steel Tubes Limited
Binjusaria Solvents Private Limited
Biocon Limited
BioGenex Life Sciences Private Limited

BIOP Steels & Power Private Limited


BioPLUS Life Sciences Pvt Ltd
Bisman Industries Limited
Bitcon India Infrastructure Developers
Private Limited
BK Threshers Private Limited
Blackstone Gem & Jewellery
BLB Commodities Limited
BLB Mall Management Co. Pvt. Ltd.
Blend Colours Private Limited
Bliss GVS Pharma Ltd
Bloom Dekor Limited
Blue Dart Aviation Limited
Blue Dart Express Limited
Blue Star Cement Limited
Blue Wings Tours & Travels Private Limited

[ICRA]B+

Blyth Wind Park Private Limited


BMA Stainless Limited
BMM Cement Limited
BMM Ispat Limited
BNC Power Projects Limited
Bohra Exports Private Limited
Bola Surendra Kamath & Sons
Bombay Minerals Limited
Bommidala Enterprises Private Limited
Bommineni Ramanjaneyulu
Bonanza Commodity Brokers Pvt Ltd
Bonanza Portfolio Limited
Boom Buying Private Limited
Bora Agro Foods
Borana Plastic Limited
Bosch Rexroth India Limited
Botil Oil Tools India Private Limited
Boutique International (P) Limited
BPA Builders & Developers
BPR Infrastructure Private Limited

[ICRA]BBB[ICRA]BBB+
[ICRA]D
[ICRA]BB+
[ICRA]BBB[ICRA]BB[ICRA]BBB[ICRA]BB+
[ICRA]A[ICRA]B+

[ICRA]BBB[ICRA]B
[ICRA]B+
[ICRA]A
[ICRA]A+(SO)
[ICRA]A+
[ICRA]BBB
[ICRA]BBB
[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]AA+
[ICRA]BB-

[ICRA]BB
[ICRA]BB+
[ICRA]B
[ICRA]D
[ICRA]BB[ICRA]A[ICRA]BB
[ICRA]BBB+
[ICRA]BB
[ICRA]AA(SO)
[ICRA]AA
[ICRA]B+
[ICRA]B

[ICRA]D
[ICRA]BBB
[ICRA]BB+
[ICRA]AA[ICRA]A[ICRA]B+
[ICRA]B+
[ICRA]BBB-

Stable

Stable
Negative
Positive
Stable
Stable

[ICRA]A4
[ICRA]A1
[ICRA]A1+(SO)
[ICRA]A1+
[ICRA]A3+
[ICRA]A4

Stable
Stable

[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A2

Stable
Stable
[ICRA]A4
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2+
[ICRA]A4
[ICRA]A1+(SO)
[ICRA]A1+
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable

Stable

[ICRA]A2
[ICRA]D
[ICRA]A4+
[ICRA]A3
[ICRA]A4
[ICRA]A3
[ICRA]A4+
[ICRA]A2+
[ICRA]A4
[ICRA]A2
[ICRA]A2
[ICRA]D
[ICRA]A3+
[ICRA]A4+
[ICRA]A1+
[ICRA]A2+
[ICRA]A4

Company Name

Long Term

Short Term

Brady & Morris Engineering Company


Limited
Brahaspati Real Estate Private Limited
Brahmani Developers Private Limited
Brahmaputra Metallics Limited
Brajesh Packaging Private Limited
BramhaCorp Limited
Brar Seeds Private Limited
Brigade Enterprises Ltd
Brigade Properties Private Limited
Bright Brothers Limited
Bright Star Global Trading Corporation
Brightstar Infrastructure pvt. Ltd.
Brij Gopal Construction Company (P)
Limited
Brij Lal Hospital & Research Centre Private
Limited
Brijnandan Industries Private Limited
Brindavan Beverages Private Limited
Brindha Cotton Mills Pvt Ltd
British Scaffolding International Limited
Britto Sea Foods Exports Private Limited

[ICRA]BB-

Stable

[ICRA]BBB
[ICRA]B+
[ICRA]B[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]A
[ICRA]A[ICRA]BB+
[ICRA]BB[ICRA]BB+
[ICRA]BBB

Stable

[ICRA]BB[ICRA]BBB+
[ICRA]D
[ICRA]BB[ICRA]BB-

Stable
Stable

Broadway Links Private Limited


BSES Kerala Power Limited
BSL Engineering Services Limited
BSL Scaffolding Limited
BTC Industries Limited
Bucon Engineers & Infrastructure Private
Limited
BUCON Infratech Private Limited
Budha Motors Private Limited
Buds Tea Industries Limited
Buildmate Projects Private Limited
Buildtough Real Estates Private Limited
Bulktainer Shipping Limited
Bumblebee Electronics Private Limited
Burckhardt Compression (India) Pvt Ltd
Bussan Auto Finance India Private Limited

[ICRA]BB[ICRA]BBB+
[ICRA]B+
[ICRA]BB[ICRA]C
[ICRA]BB-

Stable
Stable

[ICRA]BB[ICRA]BB
[ICRA]BB[ICRA]BBB
[ICRA]BB
[ICRA]B
[ICRA]BBB+
[ICRA]A+

Stable
Stable
Stable
Stable
Stable

Butta Convention Services Private Limited

[ICRA]D

Butta Hospitalities Private Limited


Buywel Agencies Private Limited
BVL Granites
BVSR Constructions Private Limited
C I Limited
C. Mahendra Infojewels Ltd
C. S. Infraconstruction Limited
C.A.V. Cotton Mills Private Limited
C.Dinesh & Co. Private Limited
C.K. Industries
C.P. Arora Engineers-Contractors Private
Limited

[ICRA]B
[ICRA]BB+
[ICRA]BB
[ICRA]BBB+
[ICRA]BB

[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A4
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable

[ICRA]A1
[ICRA]A4+
[ICRA]A4

[ICRA]B

Stable
Stable

Stable
Stable

[ICRA]A2
[ICRA]D
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]BB+
[ICRA]B
[ICRA]BBB[ICRA]B+
[ICRA]BB

Stable
Stable

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2+

[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A3

Stable

[ICRA]A4+

Company Name

Long Term

Short Term

C.P. Sponge Iron Private Limited


C.V. Spinners Private Limited
CA Trading Company
Cachar Roller Flour Mills Limited
Cairo International
Calcutta Radio Service Pvt Ltd
Calsea Footwear Private Limited
Caltron Info Trade Private Limited
CAMPCO Limited
Camphor and Allied Products Ltd.
Canara Workshops Limited
Canary Hotels Private Limited
Candor Biotech Limited
Canfin Homes Ltd
Canpex Chemicals Private Limited
Capital Electech Pvt. Ltd.
Capital Infraprojects Private Limited
Capital Steel Corporation
Capital Ventures Private Limited
Capricorn Foods Private India Limited
Captain Sports
Carbon Edge Industries Limited
Cargill Global Trading India Private Limited

[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]BBB[ICRA]BB[ICRA]A[ICRA]BBB+
[ICRA]B+
[ICRA]BBB+(SO)
[ICRA]B+
[ICRA]AAA
[ICRA]BB+
[ICRA]BB[ICRA]BB
[ICRA]BB
[ICRA]B
[ICRA]BBB
[ICRA]B
[ICRA]BBB[ICRA]AA+(SO)

Stable

Cargill India Private Limited


Cargo Motors (Gujarat) Private Limited
Carnation Auto India Private Limited
Carnival Soft Private Limited
Carona Industries Private Limited
Carona Knit Wear
Carrycon India Limited
Casa Tiles Pvt Ltd
Cascade Systems And Communication
Private Limited
Casil Industries Limited
Caspro Metal Industries Private Limited
Castamet Works Private Limited
Castech Foundries Private Limited
Cauvery Iron and Steel (India) Limited
Cawasji Behramji Catering Services Private
Limited
CCL International Limited
CD Integrated Services Ltd
CDET Explosive Industries Private Limited

[ICRA]AA+(SO)
[ICRA]BBB
[ICRA]BB+
[ICRA]BB+
[ICRA]B
[ICRA]BB+
[ICRA]B+
[ICRA]B+
[ICRA]BB-

CDM Smith India Private Limited


CDP (India) Private Limited
C-Edge Technologies Limited
CEE DEE Vacuum Equipment Pvt. Ltd.
Celcon Green Limited
Celebrity Fashions Limited
Celebrity Fashions Limited
Celestial Knits & Fabs Private Limited
Celikon Impex Private Limited

[ICRA] B
[ICRA]BBB
[ICRA]BB
[ICRA]BB+
[ICRA]D
[ICRA]BBB-

[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A2+
[ICRA]A2
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A4+
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A3+

Stable
Stable

[ICRA]A3
[ICRA]A1+

Stable
Stable
Stable
Stable

[ICRA]A1+

Stable

[ICRA]A4
[ICRA]A4+

Stable

[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A3+

[ICRA]D
[ICRA]A3

[ICRA]BB

Stable

[ICRA]A4+
[ICRA]A3+
[ICRA]A2

[ICRA]BBB+

Stable

[ICRA]BBB
[ICRA]B+
[ICRA]AA[ICRA]BB
[ICRA]C
[ICRA]D

Stable
Stable
Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A1+
[ICRA]A4

[ICRA]BB[ICRA]BB+

Stable
Stable

[ICRA]D
[ICRA]A4
[ICRA]A4+

Company Name

Long Term

Short Term

Cengres Tiles Limited


Centaur Mercantile Private Limited
Centaur Pharmaceuticals Private Limited

[ICRA]BBB
[ICRA]BB
[ICRA]BBB+

Stable
Stable
Stable

Central Railside Warehouse Cmmpany


Limited
Centric Steel Limited
Centurion Laboratories Private Limited
Century 21 Town Planners Private Limited

[ICRA]A+

Stable

[ICRA]BB^
[ICRA]B+

Stable

Century Global Logistics Private Limited

[ICRA]B

Century Pharmaceuticals Ltd.


Century Plyboards (India) Limited
Centwin Textile Mills Private Limited
CEPCO Industries Private Limited
Ceraflux India Private Limited
Ch Gowri Shankar Infra Build (India) Private
Limited
CH. V.V. Subba Rao
Chadha Industries
Chadha Sugars and Industries Limited
Chaitanya Chemicals
Chaitanya Educational Society
Chaitanya Enterprises
Chaitanya India Fin Credit Private Limited

[ICRA]BBB[ICRA]A+
[ICRA]BB
[ICRA]BBB+
[ICRA]BBB
[ICRA]BB+

Chalapathi Educational Society


Chalet Hotels Pvt Limited
Challa Infra Projects Private Limited
Challani Ranka Jewellery
Chamak Polymers Private Limited
Chambal Motors Private Limited
Champion Commercial Company Limited

[ICRA]B+
[ICRA]BBB
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BBB-

Champion Elcom Private Limited


Chamundi Distilleries Pvt. Ltd
Chanakya Technos Pvt. Ltd.
Chand Agro Private Limited
Chandak Mining and Export
Chandan Trading Company Private Limited

[ICRA]B
[ICRA]D
[ICRA]B
[ICRA]B[ICRA]B
[ICRA]B+

Chanderpur Works Private Limited


Chandi Steel Industries Limited
Chandigarh Motors
Chandra Singh Contractors
Chandralok Textile Industries Private
Limited
Chandri Paper & Allied Products Pvt. Ltd.

[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]BB
[ICRA]B-

Stable

[ICRA]A3
[ICRA]A4

Stable

[ICRA]A4

[ICRA]BB-

Stable

[ICRA]A4

Chanvim Engineering Pvt. Ltd


Chaphekar & Co.
Charishma Goldwheels Private Limited
Charms Chem Private Limited

[ICRA]BB+
[ICRA]BB[ICRA]B+
^

Stable
Stable

[ICRA]A4+
[ICRA]A4

[ICRA]B
[ICRA]B[ICRA]B
[ICRA]BB
[ICRA]D
[ICRA]B
[ICRA]BB+

[ICRA]A3+
[ICRA]A2

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A3
[ICRA]A1

[ICRA]A3+

[ICRA]A4
[ICRA]A4
Stable

Stable

Stable

Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4

[ICRA]A4

Company Name

Long Term

Short Term

Charoen Pokphand (India) Private Limited

[ICRA]A-

Negative

[ICRA]A2+

Charu Overseas Private Limited


Chawla Sons
Cheema Spintex Limited
Cheer Sagar
Cheers Interactive (India) Private Limited

[ICRA]BB[ICRA]B
[ICRA]D
[ICRA]BB+
[ICRA]BB

Stable

[ICRA]A4
[ICRA]A4
[ICRA]D

Chemrow India Private Limited


Chemtrade Overseas Private Limited
Chenduran Cotspin (India) Private Limited

[ICRA]B+
[ICRA]BB[ICRA]B+

Stable
Stable
[ICRA]A4
Stable
[ICRA]A4

Chennai Container Terminal Private Limited

[ICRA]A1

Chennai Elevated Tollway Limited


Chennai International Terminals Private
Limited
Chennai Textiles
Chennai United Metal Industries Private
Limited
Chenniappa Yarn Spinners Private Limited

[ICRA]D
[ICRA]AA(SO)

Stable

[ICRA]BB-

Stable

[ICRA]BB-

Stable

[ICRA]A4

Cherian Varkey Construction Co Private


Limited
Chesa Dental Care Services Limited
Chetan Vyas & Associates
Chetana Book Depot
Chetana Publications Private Limited
Chhabi Electricals Private Limited
Chhaddami Lal Jagdish Saran Charitable
Trust
Chhapra Hajipur Expressways Limited
Chhattisgarh Ferro Trades Pvt. Ltd.
Chhindwara Infrastructure Private Limited

[ICRA]BBB

Stable

[ICRA]A3+

[ICRA]BB
[ICRA]BB[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]B+

Stable
Stable
Stable
Stable

Chidambaram Shipcare Private Limited


Chintamani Commodities
Chintamani Gems & Jewellery Private
Limited
Chintamani Jewels
Chintamani Sharma and Sons
Chintoo Creations
Chirag Infraprojects Private Limited
Chirag International
Chiramith Precision (India)
Chloride Metals Limited
Chloride Power Systems & Solutions
Limited
Choice Diamond
Choice International Limited
Choice Solutions Limited
Chokshi Texlen Private Limited
Cholamandalam Investment & Finance
Company Ltd

[ICRA]BB+
[ICRA]D
[ICRA]B+

[ICRA]A1@
[ICRA]A4

[ICRA]A4

[ICRA]D
[ICRA]B+
[ICRA]B

[ICRA]A4

Stable

[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]B[ICRA]B+
[ICRA]AA
[ICRA]AA -

[ICRA]A4

Stable
Stable

[ICRA]A4+
[ICRA]D
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A1+
[ICRA]A1+
[ICRA]A3

[ICRA]BB+
[ICRA]BB
[ICRA]B+
[ICRA]AA

Stable
Stable

[ICRA]A4+

Stable

[ICRA]A1+

Company Name

Long Term

Short Term

Chordia Food Products Limited


Chorus Labs Limited
Chotta Shimla Projects Pvt. Ltd.
Choudhary & Company
Chouksey Entertainment Limited
Chowgule & Company Private Limited
Chowgule Construction Chemicals Private
Limited
Chowgule Industries Pvt Ld
Chowgule Steamships Limited
Chowhan Enterprises
CI2 Jewellery Pvt Ltd
Cibi International Private Limited
Ciemme Jewels Limited
Cinematica Digitals Private Limited
Cinnic Fashions India Private Limited
Cipy Polyurethanes Private Limited
City Heart Hotels Private Limited
City Inn Private Limited
City Realty & Development Private Limited

[ICRA]BBB[ICRA]B[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]A+
[ICRA]BBB+

Stable

[ICRA]A
[ICRA]BB
[ICRA]BB+

Stable
Stable
Stable

[ICRA]BB[ICRA]D
[ICRA]BB
[ICRA]B
[ICRA]BBB[ICRA]B
[ICRA]B+
[ICRA]D

Stable

Stable

[ICRA]A3

City Tiles Limited


Civitech Developers Private Limited
CJ Exporters
Clair Engineers Private Limited
Clara Swain Hospital JV
Classic Auto Tubes Limited
Classic Cotton Pvt Ltd
Classic Display Systems Private Limited

[ICRA]BBB[ICRA]B+

Stable

[ICRA]A3

[ICRA]BB+
[ICRA]D
[ICRA]A[ICRA]B+
[ICRA]BB

Stable

[ICRA]A4+
[ICRA]A4+

Stable

[ICRA]A2+

Classic Enterprises Limited


Classic Microtech Pvt. Ltd.
Classic Solvents Private Limited
Classique International
Claystone Granito Private Limited
Clean Wind Power (Devgarh) Private
Limited
Clean Wind Power (Satara) Private Limited

[ICRA]BB[ICRA]B
[ICRA]BB+
[ICRA]B
[ICRA]BB[ICRA]BBB+

Stable

[ICRA]BBB-

Stable

Clifton Export Private Limited


CMC Commutator Private Limited
CMC Limited
CMS Info Systems Private Limited
Coastal Energen Private Limited
Coastal Energy Private Limited
Coastal Marine Construction & Engineering
Limited
Cobb Apparels Private Limited
Cochin Bridge Infrastructure Company Ltd.

[ICRA]BB
[ICRA]B+
[ICRA]AA+
[ICRA]AA
[ICRA]D
[ICRA]BBB[ICRA]A

Stable

[ICRA]B+
[ICRA]BB(SO)

Stable

Cochin Minerals and Rutile Limited


Cochin Surfactants Private Limited
Coirfoam (India) Private Limited
Color Chemicals

[ICRA]BB

Stable

[ICRA]B+
[ICRA]BB+

stable

[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A2+
[ICRA]A1

[ICRA]A3
[ICRA]A4

Positive

Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A1+
[ICRA]A1+

Stable
Positive

[ICRA]A3
[ICRA]A1

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+

Company Name

Long Term

Short Term

Colorant Limited
Colorlines Clothing India Private Limited

[ICRA]BB
[ICRA]BB-

Stable
Stable

Colossus Trade Links Ltd.


Columbia Asia Hospitals Pvt Ltd
Columbus Premier Shoes Private Limited

[ICRA]B+
[ICRA]BBB
[ICRA]BBB-

Positive
Stable

Comed Chemicals Limited


Comet Technocom Private Limited
Commercial Auto Products Private Limited

[ICRA]BBB
[ICRA]BB
[ICRA]B+

Stable
Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4

Commercial Automobiles Ltd


Commtel Networks Private Limited
Competent Dyestuff and Allied Products
Pvt. Ltd
Comstar Automotive Technologies Private
Limited
Concept Clothing
Concept Images Private Limited
Concorde Housing Corporation Pvt. Ltd
Concorde Motors (India) Limited
Concrete Udyog Limited
Confident Engineering India Private Limited

[ICRA]BB[ICRA]BBB+
[ICRA]B

Stable
Stable

[ICRA]A4
[ICRA]A2

[ICRA]A+

Stable

[ICRA]A1+

[ICRA]BB+
[ICRA]BB+
[ICRA]BBB
[ICRA]A[ICRA]BB
[ICRA]B

Stable
Stable
Stable
Stable
Stable

[ICRA]A4+

Consolidated Construction Consortium


Limited
Consolidated Interiors Limited
Contemporary Targett Private Limited
Controls & Schematics Ltd
Convergent Communications India Private
Limited
Cooch Behar Mission Hospital Private
Limited
Cool Deck Industries Limited
Cooper Corporation Private Limited
Coral Associates
Core Carbons Private Limited
Core Green Sugar & Fuels Private Limited

[ICRA]D

Core Minerals
Cornerstone Properties Private Limited
Corona Vitrified Private Limited
Cosmo Ceramic
Cosmos Engitech Private Limited
Cosmos Jewellers Private Limited
Covalent Laboratories Private Limited
CR Retail Malls (India) Limited
Crackers India (Alloys) Limited
Crackers India Infrastructure Limited
Craftway Engineers Limited
Cravatex Limited
Creation Jewellery Manufacturing Pvt Ltd

[ICRA]D
[ICRA]BBB-(SO)
[ICRA]BB
[ICRA]BB[ICRA]BB+
[ICRA]B+
[ICRA]BBB+
[ICRA]A
[ICRA]D
[ICRA]D
[ICRA]BB[ICRA]BBB[ICRA]BBB

Creative Tannery Limited

[ICRA]BB

[ICRA]C
[ICRA]BBB
[ICRA]B
[ICRA]BB+

[ICRA]A4
[ICRA]A4

[ICRA]A1
[ICRA]A4
[ICRA]A4
[ICRA]D

Stable

[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A4+

Stable

[ICRA]A4
[ICRA]A2+

Stable

[ICRA]B[ICRA]B+
[ICRA]A[ICRA]B
[ICRA]A[ICRA]C

Stable

[ICRA]A1
[ICRA]A4
[ICRA]D

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4+
[ICRA]A2

Stable
Stable
Stable

[ICRA]A3
[ICRA]A3+

Stable

[ICRA]A4+

Company Name

Long Term

Creative Thermolite Power Private Limited

[ICRA]B

Credila Financial Services private Limited

[ICRA]AA+

Crescent Export Syndicate


Crescent Petrochem Pvt. Ltd.
Crescent Spa and Resorts (Indore) Private
Limited
Crescent Therapeutics Limited
Cross Country Apparels
Crown Promoters and Developers
Crystal Engineers
Crystal Granites and Marble Private Limited

[ICRA]B+
[ICRA]BBB[ICRA]BB[ICRA]B+
[ICRA]B[ICRA]D
[ICRA]BB

Short Term

Stable

Stable
Stable

Stable

[ICRA]A4
[ICRA]A3

[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A4+
[ICRA]A4+

Crystal Industrial Syndicate Private Limited [ICRA]BB+

Positive

[ICRA]A4+

CSJ Infrastructure Pvt Ltd


CTR Manufacturing Industries Limited
Curo India Private Limited
CVS Infrastructure Private Limited
Cyberabad Citizens Health Services Private
Limited
Cybermotion Technologies Private Limited

Stable
Stable
Stable

[ICRA]A1

[ICRA]BBB+
[ICRA]A
[ICRA]BB[ICRA]B+
[ICRA]B

[ICRA]A4

[ICRA]B

[ICRA]A4

Cyberoam Technologies Private Limited

[ICRA]A1

Cyberwalk Tech Park Private Limited


Cygnus Splendid Limited
D C Metals
D D Agro Industries Limited
D R Hotels and Resorts
D&H Secheron Electrodes Private Limited

[ICRA]D
[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]B[ICRA]BBB-

D. S. Developers
D.B. Machine Tools Private Limited
D.G. Cold Storage Private Limited
D.M. Builders
D.Nitin & Co
D.R. Buildestate Private Limited
D.R. Coats Ink & Resins Private Limited
D.S. Contractors Pvt Ltd
D.S. Ductofab Systems Private Limited
D.S. Enterprises
D.V. Exports
DRanflex India Private Limited
D2 International
DA Toll Road Private Limited
Daaj Hotels and Resorts Private Limited

[ICRA]B
[ICRA]B+
[ICRA]C
[ICRA]BB
[ICRA]BBB
[ICRA]BB[ICRA]B+
[ICRA]D
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]BB
[ICRA]BBB[ICRA]BBB
[ICRA]D

Daawat Foods Limited


Dada Ganpati Engineers
Dada Ganpati Guar Products Private
Limited
Daftari Agro Private Limited

[ICRA]BBB
[ICRA]BB[ICRA]BB[ICRA]B+

Stable

[ICRA]A4

Stable

[ICRA]A3

Stable
Stable
Stable
[ICRA]A4
[ICRA]D
Stable
Stable
Stable
Stable

Stable
Stable
Stable

[ICRA]A3+
[ICRA]A4

Company Name

Long Term

Short Term

Dagger Master Tool Industries Limited


Dahyabhai B. Patel
Dainik Savera News and Media Network

[ICRA]BB[ICRA]B+
[ICAR]D

Stable

[ICRA]A4
[ICRA]A4

Dakshin Gujarat Vij Company Limited


Dali & Samir Engineering Private Limited

[ICRA]A+
[ICRA]BB+

Stable
Stable

[ICRA]A1+

Dalmia Bharat Sugar and Industries Limited [ICRA]A

Negative

[ICRA]A1

Dalmia Cement Bharat Limited


Dalmia Cement East Limited
Dalmia Cement Ventures Limited
Damodar Tradelinks Private Limited
Damodardas Jewellers
Dandona Finance Limited
Danopharm Chemicals Private Limited
Dantara Jewellers
Dara Construction Co.
Darbari Lal Foundation Educational Society

[ICRA]AA[ICRA]A+
[ICRA]BBB[ICRA]BB[ICRA]BB
[ICRA]BB
[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]BB

Stable
Stable
Stable
Stable
stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1+
[ICRA]A3
[ICRA]A4

Darjeeling Power Limited


Darpan Infrastructure Private Limited
Darshan Cotton Industries
Darshita Exim Private Limited
Darsun Higher Educational Society
Darvesh Bussa Realtors Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]B

Darvesh Constructions Private Limited


Dashmesh Agro Industries
Dashmesh Cables
Dashmesh Rice Mills
DAV College Trust and Management
Society
Davanam Jewellers Pvt. Ltd.
Davariya Brothers
Davendra Feeds India (P) Limited
Davinder Exports
Davinder Sandhu Impex Limited
Dax Networks Limited
Dayal Lumbers Private Limited
Dayal Steels Limited
Dayanand Textile Industries Private Limited

[ICRA]B+
[ICRA]B
[ICRA]BB
[ICRA]B
[ICRA]A+

Dazaro Eco Green Private Limited


DC Wovensack Private Limited
DCB Power Ventures Limited
DCM Shriram Limited
DD Industries Limited
DDR And Company
Deccan Alloys Pvt Ltd
Deccan Cements Limited
Deccan Industries
Deccan Tobacco Company
Decolene Fibres Private Limited

[ICRA]B
[ICRA]B
[ICRA]A+
[ICRA]A+
[ICRA]B+
[ICRA]B+
[ICRA]BB+
[ICRA]BBB
[ICRA]BB-

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A3

[ICRA]B
[ICRA]BB-

[ICRA]BB+
[ICRA]BBB[ICRA]B
[ICRA]BB[ICRA]BB+
[ICRA]D
[ICRA]B+
[ICRA]B+
[ICRA]B+

Stable

Stable

[ICRA]A4

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A3

Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]D
[ICRA]A4
[ICRA]A4

[ICRA]A4
Stable
Stable

Stable
Stable
Stable

[ICRA]A1
[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A2
[ICRA]A2
[ICRA]A4

Company Name

Long Term

Decor Paper Mills Limited


DEE TEE Industries Limited
Deedy Chemicals Private Limited
Deekay Trexim India Private Limited
Deepa Developers
Deepa Exports
Deepak Builders
Deepak Cosmo Limited
Deepak Fertilisers & Petrochemicals Corp.
Ltd.
Deepak Foods
Deepak Hardware Industries Private
Limited
Deepak Industries Limited
Deepak Nitrite Limited
Deepak Phenolics Limited
Deepak Singal Engineers & Builders
Private Limited
Deepak Tea Private Limited
Deepak Vegpro Private Limited
Defiance Knitting Industries Private Limited

[ICRA]B
[ICRA]BBB[ICRA]BB
[ICRA]BB[ICRA]B
^
[ICRA]BB[ICRA]B
[ICRA]AA

Short Term

Stable
Stable
Stable

Stable
Negative

[ICRA]B
[ICRA]B

[ICRA]A4
[ICRA]A3
[ICRA]A4
^
[ICRA]A4
[ICRA]A4
[ICRA]A1+
[ICRA]A4

[ICRA]A+
[ICRA]A+
[ICRA]BBB
[ICRA]B

Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1+

[ICRA]BB[ICRA]BB+
[ICRA]BBB

Stable
Stable
Stable

Deify Infrastructures Limited


Delhi Airport Parking Services Pvt. Ltd.
Delhi Aviation Fuel Facility Pvt. Ltd.
Delhi International Airport (P) Ltd
Delhi Waste Management Private Limited

[ICRA]BB+
[ICRA]BBB+
[ICRA]A+
[ICRA]AA[ICRA]BBB@

Stable
Stable
Stable
Stable

Delite Cables Private Limited


Delite Refrigeration Co.
Della Adventure Private Limited
Delphi Automotive Systems Private Limited

[ICRA]C
[ICRA]BB[ICRA]BB[ICRA]BBB

Delta Corp Limited


Delta Infralogistics (Worldwide) Limited
Delta Optics
Dembla Valves Limited
Dempo Industries Private Limited
Dempo Shipbuilding and Engineering
Private Limited
DEN Networks Limited
Derewala Industries Limited
Desai Brothers Limited
Desai Electronics Pvt Limited
Desai Infrastructure Private Limited
Desein Private Limited
Design Classics Exports Private Limited

[ICRA]BBB
[ICRA]BBB[ICRA]B
[ICRA]B+
[ICRA]BB+
[ICRA]B+

Stable
Stable

[ICRA]A
[ICRA]BBB

Stable
Stable

[ICRA]BBB+
[ICRA]B+
[ICRA]A[ICRA]B+

Stable

Design Creation
Dev Cotton & Oil Industries Limited
Dev Metals & Alloys Private Limited
Dev Motors Private Limited
Deva Drill Tech (I) Ltd.
Devang Paper Mills Private limited

[ICRA]BB
[ICRA]B+
[ICRA]C
[ICRA]BB[ICRA]BBB+
[ICRA]B+

Stable

[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A2

[ICRA]A4

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A3+
[ICRA]A4+

[ICRA]A1+
[ICRA]A3+@
[ICRA]A4
[ICRA]A4
[ICRA]A2
[ICRA]A3+
[ICRA]A3
[ICRA]A4

Stable
[ICRA]A4

stable

[ICRA]A1
[ICRA]A3+
[ICRA]A1+
[ICRA]A2+
[ICRA]A4
[ICRA]A2+
[ICRA]A4

Company Name

Devanga Sangha
Devbhumi Realtors Pvt. Ltd.
Devdeep Cotton Industries
Devdoot Gin Mill
Development Consultants International Ltd.

Long Term

[ICRA]B+
Provisional
[ICRA]A(SO)
[ICRA]B+
[ICRA]B+

Short Term

Stable

[ICRA]A1

Development Consultants Pvt Ltd


Devi Iron and Power Private Limited
Devi Marine Food Export Private Limited

[ICRA]A
[ICRA]BB+
[ICRA]BB+

Deviprasad Constructions Private Limited

[ICRA]B+

Devipriya Enterprises
Devkinandan Papermill Pvt. Ltd.
Devtara Industries
Dewas Metal Sections Limited
DF Forgings & Machining Centre Private
Limited
Dhana Laxmi Cotton Industries
Dhanlaxmi Edibles Private Limited
Dhanlaxmi Industries
Dhanlaxmi Solvex Private Limited
Dhanshree Seeds Pvt. Ltd.
Dhanuka Agritech Limited
Dhanuka Extractions Private Limited
Dhanuka Laboratories Limited
Dhar Construction Company
Dharamchand Paraschand Exports
Dharampal Iron and Steel Limited
Dharampal Satyapal Ltd
Dharampal Satyapal Sons Private Ltd
Dharamraj Jewellers
Dharamshila Cancer Foundation &
Reseach Center
Dhareshwar Cotton Pvt Ltd.
Dhareshwar Ginning Industries
Dharmanandan Diamonds Pvt Ltd
Dharmesh Textiles Limited
Dharmlok Industries
Dharti Spinning Mill Private Limited
DHFL Vysya Housing Finance Ltd
Dhillon Kool Drinks and Beverages Private
Limited
Dhingra Exports
Dhiraj Foundation
Dhirendra Narayan Cold Storage Private
Limited
Dhruv Cotfab Private Limited
Dhruvtara Agro and Allied Industries Private
Limited
Dhuria Rice Mills
Diach Chemical and Pigments Private
Limited

[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]BBB[ICRA]BB-

Stable
Stable
Stable

[ICRA]A4

Stable
Stable
Stable

[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]D
[ICRA]BB
[ICRA]A+
[ICRA]BB[ICRA]BBB
[ICRA]BBB-

Stable
Stable
Stable
Stable
Stable

[ICRA]BB+
[ICRA]AA[ICRA]A+
[ICRA]BB[ICRA]A+

Stable
Stable
Stable
Stable
Stable

[ICRA]B
[ICRA]B+
[ICRA]A
[ICRA]BB+
[ICRA]B
[ICRA]B+
[ICRA]A+
[ICRA]BBB(SO)

[ICRA]A1
[ICRA]A4+
[ICRA]A4+

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4

[ICRA]D
[ICRA]A4
[ICRA]A1+
[ICRA]A3+
[ICRA]A3
[ICRA]A4
[ICRA]A4+
[ICRA]A1+

[ICRA]A1
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]B
[ICRA]B[ICRA]B

[ICRA]A4

[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]BB-

Stable

[ICRA]A4

Company Name

Diagold Designs Ltd


Diamond India Limited
Diamond Sea Food Exports
Diamond Textile Mills Private Limited
Diamond Valley Gardens Private Limited
Dianare Exports
Diaonics Automation (I) Private Limited
Digital Circuits Private Limited
Dileep Industries Private Limited
Diligent Pinkcity Center Private Limited
Dimple Creations Private Limited
Dindayal Jalan Retails Private Limited
Dindayal Jalan Textiles Limited
Dinesh Alloys and Engineers
Dinjoye Tea Estate Private Limited
Dinodia Educational Society
Dinodia Fashion
Discovery Intermediates Private Limited
Disha Clothings Private Limited
Disha Communications Private Limited
Disha Microfin Private Limited
Dishnet Wireless Limited
Divay Angels Realtor Private Limited
Divi Enterprises
Divine Alloys & Power Company Limited

Long Term

Short Term

[ICRA]A4
[ICRA]BBB+

Stable

[ICRA]BB+
[ICRA]BB-

Stable
Stable

[ICRA]BB
[ICRA]BB-

Stable
Stable

[ICRA]B+
[ICRA]BB+
[ICRA]BB[ICRA]BB[ICRA]BB[ICRA]BB+
[ICRA]D

Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4+

[ICRA]A4+
[ICRA]A4+
[ICRA]A4
[ICRA]A3+
[ICRA]A4
[ICRA]A4+

[ICRA]A4

[ICRA]A4
[ICRA]B[ICRA]BB[ICRA]BB+
[ICRA]BBB[ICRA]BBB+
[ICRA]B[ICRA]B+
[ICRA]D

Stable
Stable
Stable
Stable

[ICRA]A4

[ICRA]A4

Divine Crops and Allied Products Private


Limited
Divis Infratech India Private Limited
Divya Jyoti Industries Limited
Divyalakshmi Textiles Private Limited
DivyaSree NSL Infrastructure Private
Limited
Dixon Technologies India Private Limited

*
[ICRA]B
[ICRA]BB[ICRA]B[ICRA]BBB-(SO)
[ICRA]BBB+

Stable

Diya Systems (Mangalore) Private Limited

[ICRA]BB+

Stable

DKI Apparel Private Limited


DLF Assets Private Limtied
DLF Cyber City Developers Limited
DLF Home Developers Limited
DLF Info City Developers (Chandigarh)
Limited
DLF Info City Developers (Kolkata) Limited

[ICRA]BBB
[ICRA]A(SO)
[ICRA]A(SO)
[ICRA]A(SO)
[ICRA]A(SO)

Stable
Negative
Negative
Negative
Negative

[ICRA]A(SO)

Negative

DLF Limited
DLF Universal Limited
DLF Utilities Limited
DNH Projects Limited
DNP Foods Limited
Dodla Dairy Limited
Dolby Plyboards Private Limited
Doll Ceramic Private Limited

[ICRA]A
[ICRA]A(SO)
[ICRA]A(SO)
[ICRA]C
[ICRA]BB+
[ICRA]A[ICRA]B+
[ICRA]B

Negative
Negative
Negative

Stable

[ICRA]A4
[ICRA]A4

Stable

Stable
Stable

[ICRA]A2

[ICRA]A3+

[ICRA]A4
[ICRA]A4+
[ICRA]A2+
[ICRA]A4
[ICRA]A4

Company Name

Long Term

Dolly Exim Private Limited


Dolphin Foods India Limited
Dolphin Marine Foods & Processors (India)
Private Limited
Dolswap Business Private Limited
Door Sanchar Hydro Power Private Limited

[ICRA]B
[ICRA]BB
[ICRA]B

Stable

[ICRA]BB+
[ICRA]BB-

Stable
Stable

Doshi Ceramic Industries


Dove Apparel Private Limited
DP Chocolates
DP Cocoa Products Pvt Ltd
Dr Ramesh Cardiac and MultiSpecialty
Hospital Private Limited
Dr. D. Y. Patil Vidyapeeth Society
Dr. Puran Chand Dharmarth Trust
DRS Dilip Roadlines Private Limited
DRS Infratech Private Limited
Drushti Realtors Private Limited
DS (Assam) Hospitality Limited
DS Spiceco Private Limited
DS Toll Road Limited
DSG Corp Private Limited
DSL Infrastructure & Space Developers
Private Limited
DSM Soft Private Limited
DS-Max Properties Private Limited
DS-Max Realty Private Limited
DSP Rice Industries
DSS Buildtech Private Limited
DTC Securities Limited
Dugar Polymers Limited
Duke Fashions (India) Ltd.
Duke Plasto Technique Private Limited
Durairaj Mills Limited
Durga Construction Company
Durga Polyesters Private Limited
Durga Projects and Infrastructure Private
Limited
Durgeshwari Industries Limited
Durha Vitrak Private Limited
Durrung Ispat Private Limited
Dusad Electricals
Dwarika Roller Flour Mill Private Limited

[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]BBB

Dwarikesh Sugar Industries limited


Dwarkadhis Buildwell Private Limited
Dwarkadhish Cotspin Private Limited
Dwarkesh Alloys Private Limited
Dynamatic Technologies Limited
Dynamic Drilling & Services Private Limited

[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]BBB+
[ICRA]BBB+

Stable

Stable
Stable

[ICRA]A2
[ICRA]A2+

Dynamic Ship Recyclers Private Limited

[ICRA]BB

Stable

[ICRA]A4

Dynamic Transmission Limited

[ICRA]BBB-

Stable

[ICRA]BBB[ICRA]B[ICRA]C+
[ICRA]BB[ICRA]B+
[ICRA]AA-9SO)
[ICRA]A(SO)
[ICRA]BBB+
[ICRA]B[ICRA]BB[ICRA]B[ICRA]BBB[ICRA]BB
[ICRA]B
[ICRA]BB[ICRA]BB
[ICRA]B+
[ICRA]A[ICRA]BBB
[ICRA]D
[ICRA]BB+
^
[ICRA]BB
[ICRA]B
[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]B

Short Term

[ICRA]A4
[ICRA]A4+

[ICRA]A4
Stable
Stable
Stable
Stable

[ICRA]A3

Stable
Stable
Stable
Stable
Stable
[ICRA]A4
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2+
[ICRA]A3+
[ICRA]D
[ICRA]A4+
^

Stable

Stable
Stable
[ICRA]A4
[ICRA]A4

[ICRA]A4

Company Name

Long Term

Short Term

E I Technologies Private Limited


E&C Projects Private Limited
E.G. Pharmaceuticals
E.K.K and Co.
E.S.S.M. Educational & Charitable Trust

[ICRA]BBB
[ICRA]B[ICRA]BB[ICRA]BB+
[ICRA]BB+

Eagle Extrusion Private Limited


Eagle Hunter Solutions Ltd.
Earthcon Developers Pvt. Ltd.
East Coast Construction and Industries
Limited
East Coast Energy Private Limited
East Hyderabad Expressway Limited
East India Pharmaceutical Works Limited

[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]D
[ICRA]B+
[ICRA]BBB+
[ICRA]BBB-

Stable
Stable

East North Interconnection Company


Limited
East West Seeds India Private Limited
Eastern Engineering Company Private
Limited
Eastern Gases Limited
Eastern Hatcheries Private Limited
Eastern Surgical Company
Eastman Auto & Power Limited
Eastman Mettcast Limited
Ebenezer Cashew Company
ECE Industries Limited
ECIL Rapiscan Limited
ECO Cement India Limited
Eco Green Paper Products Private Limited

[ICRA]A

Stable

[ICRA]BBB
[ICRA]BB

Stable
Stable

[ICRA]A3+
[ICRA]A4

[ICRA]BBB^
[ICRA]BB
[ICRA]BBB[ICRA]D

Stable

[ICRA]A3
^
[ICRA]A4
[ICRA]A3

Eco Pet Industries LLP


Eco RRB Infra Private Limited
Eco Tech Papers
Ecoboard Industries Limited
Ecolite Technologies
Econ Metallic (India) Private Limited
Ecostar Goel Properties LLP
Ecovinal International Private Limited
Edelweiss Commodities Services Limited

[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]D
[ICRA]D
[ICRA]BB
[ICRA]BB+
[ICRA]BBB
[ICRA]AA

Edelweiss Housing Finance Limited


Edelweiss Retail Finance Limited
Edhayam Frozen Foods Private Limited
Edible Products (India) Limited
Edward Food Research and Analysis
Centre Limited
EFTEC (India) Private Limited
Eicher Motors Limited
Elastrex Polymers Private Limited
Electric Power Equipment Company
Electro Polychem Limited
Electromech Material Handling Systems
(India) Private Limited

[ICRA]AA
[ICRA]AA
[ICRA]BB
[ICRA]BB[ICRA]BB-

Stable
Stable
Stable
Stable
Stable

[ICRA]BBB+
[ICRA]AA+
[ICRA]BBB+
[ICRA]B+
[ICRA]BB[ICRA]BBB+

Stable
Stable
Stable

[ICRA]BBB+
[ICRA]A[ICRA]BB[ICRA]B

stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4+

[ICRA]A4
[ICRA]A4
[ICRA]D

Stable
Stable

Stable
Stable
Stable

Stable

Stable
Stable
Stable
Stable

Stable
Stable

[ICRA]A3

[ICRA]A4
[ICRA]A2+
[ICRA]A4

[ICRA]A4
[ICRA]D
[ICRA]D
[ICRA]A4+
[ICRA]A3+
[ICRA]A1+

[ICRA]A4+
[ICRA]A4

[ICRA]A2
[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A2

Company Name

Long Term

Short Term

Electronic Enterprises (I) Private Limited

[ICRA]BB

Stable

Electronic Payment & Services Private


Limited
Electronica Finance limited
Electronica Plastic Machines Limited
Electronics & Controls Power Systems
Private Limited
Elegant Builders & Developers
Elegant Overseas
Elgi Electric and Industries Limited
Elgi Rubber Company Limited
Elica Vitrified Private Limited
Elite Core Technologies Private Limited
Elite Distilleries Private Limited
Elite Distilleries Private Limited
Elite Engineering & Constructions (Hyd)
Private Limited
Elkay Telelinks Limited
Elkaypee Spinners Private Limited
Eltel Power Private Limited
Emarald Constructions
EMBaby General Finance(India) Private
Limited
Embee Software Private Limited
EMCO Energy Limited
Emerald Alchymicus P Ltd.
Emerald Industries
Emerald Jewel Industry India Limited
Eminent Dealers Pvt. Ltd.
Emkay Global Financial Services Ltd
Emm Vee Infrastructures India Private
Limited
Emmanuel Cashew Industries
Emmennar Pharma Private Limited
Emmvee Photovoltaic Power Pvt Ltd )
Emmvee Solar Systems Pvt Ltd
E-mox Device Co.
Empee Sugars & Chemicals Ltd
Empire Industries Limited
Empire Properties
Empkee Engineers Private Limited
Emson Tools Manufacturing Corporation
Limited
En Vogue Wood Working (P) Ltd.
ENAM Securities Private Limited
Encarta Pharma Private Limited
Encon Impex Private Limited
Endress+Hauser (India) Automation
Instrumentation Pvt Ltd
Energo Engineering Projects Limited
Energon Power Resources Private Limited

[ICRA]BBB-

Stable

[ICRA]BBB+
[ICRA]BB[ICRA]D

Stable
Stable

Energy Infratech Private Limited

[ICRA]B
[ICRA]B+
[ICRA]BBB[ICRA]A
[ICRA]BB[ICRA]A%
[ICRA]BB[ICRA]BB[ICRA]BB+

[ICRA]A2
[ICRA]A4
[ICRA]D

Stable
Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A1
[ICRA]A4
[ICRA]A1%
[ICRA]A4
[ICRA]A4
[ICRA]A4+

[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]BB+

Stable

[ICRA]A3

[ICRA]BBB
[ICRA]BBB
[ICRA]B[ICRA]B[ICRA]BBB+
[ICRA]BB-

Stable
Stable

[ICRA]BB

Stable

[ICRA]BB
[ICRA]BBB
[ICRA]BBB+
[ICRA]BBB[ICRA]BB[ICRA]D
[ICRA]A[ICRA]B
[ICRA]B
[ICRA]BB-

Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A3+
[ICRA]A2
[ICRA]A3

Stable

[ICRA]A2+

Stable

[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

Stable
Stable

Stable
Stable

[ICRA]A4
[ICRA]A4

[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A2+
[ICRA]A2

[ICRA]B+

[ICRA]A4
[ICRA]A1+
[ICRA]A4+
[ICRA]A4
[ICRA]A1

[ICRA]BB+
[ICRA]B+
[ICRA]A-

Stable

[ICRA]BBB
[ICRA]BBB

Stable
Stable

[ICRA]A3+

[ICRA]BBB-

Negative

[ICRA]A3

Stable

Company Name

Long Term

Short Term

Enertech Engineering Private Limited


Enfield Solar Energy Limited
Engineering Projects (India) Ltd.
Enpro Industries Private Limited
Enrich RD Infraprojects Private Limited
Enterprising Enterprises
Enviiro Buildmate Private Limited
e-Nxt Financials Limited
EOS Hospitality Private Limited
Epic Agro Products Private Limited
Epicenter Technologies Private Limited
EPICU Agro Products Private Limited
Equinox Solutions Limited
Equiplus (India) Exports Private Limited
Ericsson India Private Limited
Erode Steels
Eros For Sanitarywares
Eros Resorts and Hotels Pvt. Ltd.
Escorts Limited
Eshwar Trust
Eskay Dyestuffs & Organic Chemicals
Private Limited
Eskay Fine Chemicals
Eskay Heat Transfers Private Limited
Esquire Machines Private Limited
Ess Ess Kay Engineering Company Private
Limited
Essel Marketing & Promotions Private
Limited
Essel Mining & Industries Ltd
Essel Shyam Communication Limited
Essel Shyam Technologies Limited
Essen Speciality Films Pvt. Ltd.
Essvy Constructions India Pvt. Ltd.
Ester Industries Limited
Eswar print N Pack Private Limited
ETA Constructions (India) Ltd
ETA Properties and Investments Private
Limited
Ethames Graduate School Private Limited

[ICRA]BB[ICRA]D
[ICRA]A+
[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]BB-

Stable

Ethelwold Estate Private Limited


Eulogia Inn LLP
Euro Footwear Limited
Euro Forge private Limited
Euro Panel Products Private Limited
Euro Safety Footwear (India) Private
Limited
Eurolife Healthcare Private Limited
Eurotex Industries and Exports Limited
Evan Multi Specialty Hospital and Research
Centre Private Limited
Ever Electronics Private Limited
Everblue Seafoods Private Limited

[ICRA]BBB
[ICRA]B
[ICRA]A[ICRA]BB+
[ICRA]B
[ICRA]BB-

Stable

[ICRA]BBB[ICRA]BBB[ICRA]B

Stable
Stable

[ICRA]A4
[ICRA]D
[ICRA]A1+
[ICRA]A3
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A1%

[ICRA]B+
[ICRA]A[ICRA]B
[ICRA]BBB[ICRA]BB[ICRA]B+
[ICRA]AA
[ICRA]B+
[ICRA]BB+
[ICRA]D
[ICRA]BBB
[ICRA]B
[ICRA]BB+
[ICRA]BB+
^
[ICRA]BB
[ICRA]B+

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]D
[ICRA]A3+

Stable

[ICRA]A4+

Stable

[ICRA]A4+
^
[ICRA]A4
[ICRA]A4

Stable

[ICRA]B+

[ICRA]A
[ICRA]A
[ICRA]BBB+
[ICRA]BB+
[ICRA]BBB
[ICRA]B+
[ICRA]BB+
[ICRA]BB-

[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4

[ICRA]A4

Stable
Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1
[ICRA]A1
[ICRA]A2
[ICRA]A3+
[ICRA]A4

Stable
Stable

[ICRA]B+

[ICRA]B
[ICRA]B

Stable
Stable

[ICRA]A2+
[ICRA]A4+

Stable

[ICRA]A4

Stable
Stable

[ICRA]A3
[ICRA]A3

[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

Everest Gold Mart Private Limited


Everest Industries Limited
Everest Power Private Limited
Evergreen Dooars Tea Private Limited
Evergreen Drums & Cans Private Limited

[ICRA]BB
[ICRA]A+
[ICRA]D
[ICRA]BB[ICRA]C+

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4

Evergreen Seamless Pipes & Tubes Private


Limited
Evergreen Veneers Private Limited
Everon Castings Private Limited
Evershine Appliances Private Limited
Evershine Smelting Alloy Private Limited

[ICRA]BBB

Stable

[ICRA]A3+

Stable

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4

EWDPL Chandigarh Hospitality Private


Limited
Excel Foods Private Limited
Excel Woven Sacks Private Limited
Exhibitors Syndicate Limited
Exide Industries Ltd
Exilant Technologies Private Limited
Exora Business Parks Private Limited
Exotica Ceramics Private Limited
Expert Educational and Charitable
Foundation
Expo Freight (Pvt) Ltd
Export-Import Bank of India
Express Projects Private Limited
Express Publications (Madurai) Limited
Express Way Truck Terminus Private
Limited
Exult Agency Private Limited (Unit: Joy
Electronics)
F&K Agro Private Limited
F6 Finserve Private Limited
Facor Alloys Limited
Facor Steel Limited
Fairyland Foundation Private Limited
Faith Buildtech Private Limited
Faith Lumber Pvt. Ltd.
Faiz Industries
Falcon Pumps Pvt. Ltd.
Famous Vitrified Private Limited
Farida Shoes PVt Ltd
Farmers Agriculture Credit Co-operative
Society Limited
Farooq Constructions
Fashion Flare International Private Limited

[ICRA]B+

Fastbuild Blocks Private Limited


Fatehpuria Transformers and Switchgears
Private Limited
Featherlite Products Private Limited
Federal Agro Industries Pvt. Ltd.
Federal Engineers

[ICRA]D
[ICRA]B+

[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]BB-

[ICRA]A1

[ICRA]A4

[ICRA]BB
[ICRA]BB
^
[ICRA]AAA
[ICRA]A+
[ICRA]A[ICRA]B+
[ICRA]BBB-

Stable
Stable

[ICRA]BBB[ICRA]AAA
[ICRA]BB
[ICRA]B+
[ICRA]B+

Stable
Stable
Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
^
[ICRA]A1
[ICRA]A4

Stable
[ICRA]A3

[ICRA]A4
[ICRA]A4

[ICRA]B+
[ICRA]BB
[ICRA]BB
[ICRA]BB
[ICRA]D
[ICRA]BB[ICRA]BBB[ICRA]B
[ICRA]B+
[ICRA]BBB+
[ICRA]BB[ICRA]BBB[ICRA]B+
[ICRA]C
[ICRA]BB-

[ICRA]BBB[ICRA]B+
[ICRA]BBB

Stable
Stable
Negative

[ICRA]A4
[ICRA]A4
[ICRA]D

Stable
Stable
[ICRA]A4
Stable
Stable
Stable

[ICRA]A2
[ICRA]A4
[ICRA]A3

Stable

[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A4

Stable
Stable

[ICRA]A3
[ICRA]A4
[ICRA]A3+

Company Name

Long Term

Short Term

Fedora Sea Foods Pvt. Ltd.


Feedback Infra Pvt Ltd
Ferro Alloys Corporation Limited
Ferromatik Milacron India Ltd.
Ferromet Steels Private Limited
Ferrovia Transrail Solutions Pvt. Ltd.
Fertichem Cotspin Limited
FIL SEP Equipments Private Limited
Fine Facets India Pvt. Ltd
Fine Organic Industries Private Limited
Finestar Jewellery & Diamonds Private
Limited
Finns Frozen Foods (India) Limited
Finolex J-Power Systems Private Limited

[ICRA]B+
[ICRA]A+
[ICRA]BB
[ICRA]A[ICRA]D
[ICRA]BBB[ICRA]D
[ICRA]B+

Firepro Systems Private Limited


First Steps Babywear Private Limited
Fives Cail-KCP Limited
FJM Cylinders Private Limited
FL Smidth Private Limited
Flamingo Enterprise
Flecto Ceramic Private Limited
Flemingo DFS Private Limited
Flemingo Dutyfree Shop Private Limited

[ICRA]B+
[ICRA]A
[ICRA]BBB[ICRA]BB
[ICRA]AA[ICRA]BB
[ICRA]B+
[ICRA]A[ICRA]A-

Flex Foods Limited


Flexi Caps and Polymers Private Limited

[ICRA]BBB
[ICRA]B

Flocksur India Private Limited


Floorex Tiles
Flora & Fauna Housing and Land
Development Private Limited
Flora Dyeing House Private Limited
Flora Exports
Florida Electrical Industries Limited
Flourish Paper and Chemicals Limited
Flow Link Systems Private Limited
Fluid Dynamics Private Limited
Fly Ceramic
Flyjac Logistics Private Limited
Focus Energy Limited
Focus Lighting and Fixtures Private Limited

[ICRA]B+
[ICRA]BB[ICRA]BB-

Foods and Feeds


Footcare Udyog Pvt Ltd
Forbes & Company Limited
Forbes Technosys Limited
Forel Labs Private Limited
Fortis C Doc Healthcare Limited
Fortis Health Management (North) Limited

[ICRA]D
[ICRA]BB[ICRA]AA[ICRA]AA-(SO)
[ICRA]B
[ICRA]A+(SO)
[ICRA]A+(SO)

Fortis Health Management (North) Limited

[ICRA]A+(SO)!

Negative

Fortis Healthcare Limited

[ICRA]A+

Positive

Stable
Negative
Stable

[ICRA]A[ICRA]BB+

Stable
Stable

[ICRA]A4
[ICRA]A1
[ICRA]D
[ICRA]A3
[ICRA]D
[ICRA]A4
[ICRA]A4
[ICRA]A2+
[ICRA]A4+

^
[ICRA]BB

Stable

^
[ICRA]A4+

[ICRA]BB[ICRA]BB+
[ICRA]B+
[ICRA]B+
[ICRA]A
[ICRA]BBB[ICRA]B
[ICRA]A+
[ICRA]BBB+
[ICRA]BB

Stable

Stable
Stable
Negative
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A1
[ICRA]A3
[ICRA]A1+
[ICRA]A4
[ICRA]A2+
[ICRA]A2+

Stable
[ICRA]A4

Stable
Stable

[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A4+

Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable
Negative

[ICRA]A4
[ICRA]A1
[ICRA]A3
[ICRA]A4
[ICRA]A1+
[ICRA]A2
[ICRA]A4+

[ICRA]A4
[ICRA]A1+
[ICRA]A1+(SO)
[ICRA]A4
[ICRA]A1(SO)

Company Name

Long Term

Short Term

Fortis Hospitals Limited


Fortuna Engineering Private Limited
Fortune Bella Casa (Unit of Bardiya
Construction Co. Pvt. Ltd.)
Fortune Rice Limited
Forum Infrastructure Pvt. Limited
Forum IT Parks Pvt Limited
Forum Project Holdings Pvt Limited
Forum Projects Pvt Ltd
Forum Retail Pvt Ltd
Forum Riviera Const. Pv.t Ltd.
Foundation Engineering Co.
Foundation One Infrastructures Private
Limited
Frank Lifecare Private Limited
Freeworld Exports Private Limited
Friend Land Developers
Friends Agro Industries
Friends International
Fritzmeier Motherson Cabin Engineering
Limited
Frontier Emporio
Frontier Raas Private Limited
Frostees Export (India) Private Limited
Fruitful Buildcon Private Limited
Fujikawa Power
Fusion Jewellery Manufacturing Company
Private Limited
Fusion Microfinance Private Limited
Futec Shelters Private Limited
Futura Ceramics Private Limited
Future Corporate Resources Limited
Future Education And Research Trust
Future Entertainment Private Limited
Future Financial Services Ltd.
Future Human Development Limited
Fx Multitech Private Limited
G & G International Private Limited
G A Infra Private Limited
G Corp Homes Private Limited
G N Altech
G R Engineering Pvt. Ltd.
G R Thanga Maligai
G R Thanga Maligai (Firm)
G R Thanga Maligai and Sons
G. Khanna & Company
G. M. Pens Internattional Private Limited

[ICRA]A+(SO)
[ICRA]BBB
[ICRA]D

Stable
Stable

[ICRA]BB[ICRA]BB
[ICRA]B
[ICRA]BB+
[ICRA]BB+
[ICRA]BB[ICRA]BB
[ICRA]BB
[ICRA]BB-

Stable
Stable

G.B. Cotton Industries


G.Chimanlal & Co.
G.G.Tronics India Private Limited
G.K. Roller Flour Mills Private Limited
G.M. Syntex Private Limited
G.N.R Cotton Corporation

[ICRA]B+
[ICRA]B
[ICRA]D
[ICRA]B+
[ICRA]BBB
[ICRA]B-

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A1+(SO)

[ICRA]A4+
[ICRA]A4+

[ICRA]B+
[ICRA]A4+
[ICRA]BB+
[ICRA]B
[ICRA]B+
[ICRA]BBB-

Stable

[ICRA]BB[ICRA]BB
[ICRA]BB+
[ICRA]BB
[ICRA]BBB-

Stable
Stable
Stable
Stable
Stable

[ICRA]BBB
[ICRA]B+
[ICRA]BB+
[ICRA]BBB[ICRA]BBB
[ICRA]BBB[ICRA]BBB
[ICRA]BB
[ICRA]BB[ICRA]B+
[ICRA]BB
[ICRA]BBB+
[ICRA]B+
[ICRA]BBB
[ICRA]A
[ICRA]A
[ICRA]A
[ICRA]BB
[ICRA]A+

Stable

Stable

[ICRA]A3

[ICRA]A3
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4+

Stable
Stable

[ICRA]A4+

Stable
Stable
Stable
Stable
Stable
Stable

Stable

[ICRA]A4

[ICRA]A4
[ICRA]A3+
[ICRA]A1
[ICRA]A1
[ICRA]A4+
[ICRA]A1

[ICRA]A4
[ICRA]A3+

Company Name

G.R. Gupta & Bros


G.R.Constructions
G3 Fabrication & Engineering Private
Limited
Gaba Overseas (P) Limited
GAIL (India) Limited
Gajanan Industries Limited
Gajanan Solvex Limited
Gajanand Cotton Industries
Gajanand Rice Mills
Gajavelli Spinning Mills Private Limited
Galaxy Bearings Limited
Galaxy Concab (India) Private Limited
Galaxy Cotton & Textiles Private Limited
Gallant Jewelry
Ganapati Motors
Gandhi Enterprises Limited
Ganesh Cotton Traders
Ganesh Polychem Limited
Ganesha Ecosphere Limited
Ganeshprasad Impex Private Limited
Ganga Bag Udyog Private Limited
Ganga Dairy Limited
Ganga Diagnostic and Medical Research
Center Private Limited
Ganga Papers India Limited
Ganga Spintex Limited
Gangadhar Jena
Ganganagar Commodity Limited
Gangar Opticians Private Limited
Ganges Ford (Prop: Lexicon Commercial
Enterprises Ltd.)
Ganpati Investments
Ganpati Petrochemicals
Gardenia India Limited
Garg Agri Foods Private Limited
Garg Duplex & Paper Mills (P) Limited
Garg Rice and General Mills
Garg Rice Mills
Garg Spinning Mills
Gargo Traders, B.M. Garg & Others (J.V.)

Long Term

Short Term

[ICRA]BB
[ICRA]BB+
[ICRA]D

Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]D

[ICRA]BBB[ICRA]AAA
[ICRA]BBB[ICRA]BBB[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]BB+
[ICRA]B
[ICRA]B

Stable
Stable
Stable
Stable

[ICRA]A3
[ICRA]A1+

Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4

[ICRA]BB[ICRA]BB
[ICRA]B+
[ICRA]A[ICRA]BBB+
[ICRA]B
[ICRA]BB[ICRA]BB
[ICRA]B

Stable
Stable

[ICRA]BB[ICRA]BB[ICRA]BB

Stable
Stable
Stable

[ICRA]BBB[ICRA]BB

Stable
Stable

[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]B
[ICRA]BBB-

Stable

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4

[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A1
[ICRA]A2
[ICRA]A4
[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]A4
Stable
[ICRA]A4

Gargya Autocity Private Limited


Garuda Fashions Private Limited
Garware Wall Ropes Limited
Gasgen Ferro Alloys LLP
Gati Kintetsu Express Private Limited
Gaurav Aircon Computers Private Limited

[ICRA]BB
[ICRA]BB+
[ICRA]A+
[ICRA]BB
[ICRA]A
[ICRA]B+

Gaurav Exportrades Private Limited


Gaurav Impex
Gaurav International

[ICRA]B+
[ICRA]B+

Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A1+
[ICRA]A4
[ICRA]A1
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3+

Company Name

Gaurav International Clothing Private


Limited
Gaurav Tree & Agro Products Private
Limited
Gauri Shankar Educational Trust
Gaurishanker Bihani
Gaursons India Limited
Gautham Jahnavi Constructions Pvt. Ltd.
Gayathri Exports
Gayathri Sustainable Energies India Private
Limited
Gayatri Agro Oil & Food Products
Gayatri Cotton Private Limited
Gayatri Developwell Pvt. Ltd.
Gayatri Enterprise
Gayatri Hi-Tech Hotels Limited
Gayatri Iron & Steels
Gayatrishakti Paper and Boards Limited

Long Term

Short Term

[ICRA]A3+
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]BB+
^
[ICRA]BB[ICRA]C
[ICRA]B+
[ICRA]B
[ICRA]B+
*
[ICRA]D
[ICRA]B+
[ICRA]BBB

[ICRA]A4

Stable
^
Stable

[ICRA]A4

Stable

[ICRA]A3+

Gaytri Industrial Corporation


[ICRA]B+
GB Engineering Enterprises Private Limited [ICRA]B-

[ICRA]A4

GBJ Hotels Private Limited


GDJD Exports
GE Triveni Limited
GEA BGR Energy System India Limited
GEA Cooling Tower Technologies (India)
Pvt. Ltd.
Gee Emm Spinfab Limited
GEECO Enercon Private Limited
Geeken Seating Collection Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]BBB+
[ICRA]BBB+
[ICRA]BBB+

Stable
Positive
Stable

[ICRA]A4
[ICRA]A2
[ICRA]A2
[ICRA]A2

[ICRA]BB
[ICRA]BB[ICRA]BB

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+

Geelon Industries Private Ltd


Geeta Educational Trust
Geetanjali Agro Industries
Geetha Cotton Mills Pvt. Ltd.
Geetha Krishna Spinning Mills Private
Limited
Geetha Timber
Geetha Timbers
Geetika Steel Traders
Gemini Aluminium Trading Co. Pvt. Ltd.
Gemini Developers
Gemtree Natural Produce Private Limited

[ICRA]BB
[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]B+

Stable
Stable

Gencor Pacific Auto Engineering Private


Limited
General Commodities Private Limited
General Import Company(India) Limited
General Petrochemicals Limited
General Polytex Private Limited
Genisys Information Systems (India)
Private Limited

[ICRA]B+

[ICRA]B
[ICRA]BB[ICRA]BB-*
[ICRA]B+
[ICRA]BB[ICRA]BB-

Stable

[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A4*

Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]BB[ICRA]B
[ICRA]BB

Stable
Stable

[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

Genisys Integrating System (India) Private


Limited
Genuine Assets Operators Private Limited

[ICRA]BBB-

Stable

[ICRA]BBB-

Stable

Genus Electrotech Limited


Geo Foundations & Structures Pvt. Ltd.
Geon International
GEPL Capital Privte Limited
GF Toll Road Private Limted
GH Induction India Private Limited
Ghanshyam Ginn Mill Industries
Ghanshyamdas & Company
Ghatprabha Fertilisers Private Limited
Ghaziabad Mechfab Private Limited
Gian Sagar Educational & Charitable Trust

[ICRA]BBB
[ICRA]BB+
[ICRA]BBB[ICRA]BB
[ICRA]BB
[ICRA]BBB
[ICRA]B
[ICRA]BB[ICRA]BB
[ICRA]B+
[ICRA]B

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A2
[ICRA]A4+
[ICRA]A3
[ICRA]A4
[ICRA]A2

Stable
Stable
[ICRA]A4

GIC Housing Finance Limited


[ICRA]AA+
Giesecke & Devrient Indian Private Limited [ICRA]A-

Stable
Stable

[ICRA]A1+
[ICRA]A2+

Gimpex Limited
[ICRA]BBBGina Engineering Company Private Limited [ICRA]BB+

Stable
Stable

[ICRA]A4+

Gini Silk Mills Limited


Ginni Filaments Limited
Ginni Gold Pvt Limited
Ginni Holdings
Ginza Industries Limited
Girijashankar Cotton Private Limited
Giriraj Cot-Gin Private Limited
Giriraj Industries
Girish International
Girison Traders
Girnar Food & Beverages Private Limited

[ICRA]BBB[ICRA]BBB[ICRA]BB
[ICRA]BB[ICRA]BBB+
[ICRA]B+
[ICRA]B+
[ICRA]B

Stable
Stable
Stable
Stable
Stable

[ICRA]A3
[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A2

[ICRA]BB[ICRA]BBB-

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3

Gita & Company


Gita Refractories Private Limited
GK Shelters Private Limited
GKB Lens Private Limited
GKB Rx Lens Pvt. Ltd.
GKS Business Associates Private Limited

[ICRA]BB
[ICRA]B[ICRA]D
[ICRA]BB+
[ICRA]AA+
[ICRA]BB-

Stable

[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A1+

Glenrock Rubber Products Private Limited

[ICRA]BB-

Stable

[ICRA]A4

Global Art Exports


Global Copper Limited
Global Entropolis Vizag Private Limited
Global Enviro Air Systems Private Limited

[ICRA]B+
[ICRA]B
[ICRA]BBB(SO)
[ICRA]B+

Global Minerals
Global Nature Care Sangathan
Global Polybags Industries Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]BB-

Global Technologies
Globe Capacitors Limited

[ICRA]B+
[ICRA]BB

[ICRA]A4
Positive
[ICRA]A4

Stable

[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

Globe Civil Projects Private Limited


Globe Steels Private Limited
Globe Textiles (India) Pvt Ltd
Globus Lifestyle Private Limited
Glove Infracon Pvt. Ltd.
GM Exports
GM Infinite Dwelling (India) Private Limited

[ICRA]BBB[ICRA]BB[ICRA]B+
[ICRA]BB
[ICRA]B
[ICRA]BB
[ICRA]BB+

Stable
Stable

GMR Aerospace Engineering Company


Limited
GMR Ambala - Chandigarh Expressways
Private Ltd
GMR Aviation Pvt Ltd
GMR Chhattisgarh Energy Limited
GMR Energy Limited
GMR Energy Trading Limited
GMR Hotels and Resorts Limited
GMR Hyderabad Aviation SEZ Limited
GMR Hyderabad International Airport
GMR Kamalanga Energy Limited
GMR OSE Hungund Hospet Highways
Private Limited
GMR Power Corp. Pvt Ltd
GMR Sports Private Limited
GMR Tambaram - Tindivanam
Expressways Private Limited
GMR Tuni-Anakapalli Expressways Private
Ltd
GMR Vemagiri Power Generation Limited

[ICRA]BBB+(SO)

Stable

[ICRA]BB+

Stable

[ICRA]B
[ICRA]D
[ICRA]D
[ICRA]BB+
[ICRA]A-(SO)
[ICRA]A-(SO)
[ICRA]A[ICRA]D
[ICRA]D

[ICRA]A3
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4

[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]D
[ICRA]BB+
[ICRA]BBB-

Stable
Stable

[ICRA]BBB-

Stable

[ICRA]BBB-

Stable

GMW Engineers Pvt Ltd


GMW Private Limited
Gnet Tradelinks Private Limited
GNG Limited
Goa Carbon Limited
Goa Ispat Limited
Goa Sponge & Power Limited
Goan Fresh Marine Exports Private Limited

[ICRA]BB[ICRA]BBB
[ICRA]B+
[ICRA]BBB[ICRA]BBB[ICRA]BB
[ICRA]D
[ICRA]BB

Stable
Stable

Gobind Bhawan Karyalaya


God Granites
Godavari Polymers Private Limited
Godrej Agrovet Limited
Godrej Consumer Products Limited
Godrej Industries Limited
Godrej Properties Limited
Goel Exim India Private Ltd.
Goel Impex Private Limited
Goel Mohata Associates
Gogad Fabrics Private Limited
Gokak Power & Energy Limited
Gokak Sugars Limited
Gokak Textiles Limited
Gokaldas Exports Limtied

[ICRA]BB&
[ICRA]BB+
[ICRA]BB+
[ICRA]AA
[ICRA]AA+
[ICRA]AA
[ICRA]AA[ICRA]BB[ICRA]BB[ICRA]BB
[ICRA]BB
[ICRA]A-(SO)
[ICRA]BB(SO)
[ICRA]BB[ICRA]BBB

[ICRA]D
[ICRA]A4+

[ICRA]A2+

[ICRA]D

Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable
Stable
Stable
stable
Stable
Stable
Stable
Stable
Negative
Stable
stable

[ICRA]A4
[ICRA]A3+
[ICRA]A4
[ICRA]A3
[ICRA]A3
[ICRA]A4
[ICRA]D
[ICRA]A4

[ICRA]A4+
[ICRA]A4+
[ICRA]A1+
[ICRA]A1+
[ICRA]A1+
[ICRA]A1+
[ICRA]A4

[ICRA]A4
[ICRA]A3+

Company Name

Long Term

Short Term

Gokilaa Gaarments
Gokul Agri International Limited
Gokul Agro Resources Limited
Gokul Cotton Industries
Gokul Cotton Private Limited
Gokul Overseas Ltd.
Gokul Refoils & Solvent Ltd
Gold Star Industries
Gold Star Steels (P) Ltd.
Golden Ikon Fleet Management Private
Limited
Golden Sparrow Developers Pvt. Ltd.
Golden Tobacco Limited
Goldfinch Resorts Private Limited
Goldstar Metals Ltd.
Golflinks Software Park Private Limited
Gonglu Agro Private Limited
Good Shepherd Educational Trust
Goodearth Maritime Limited
Goodluck Carbon Private Limited
Goodluck Steel Tubes Limited
Goodricke Group Limited
Goodwill Fabric Private Limited
Goodwill Medical Centre Private Limited

[ICRA]B+
[ICRA]BBB
[ICRA]BBB
[ICRA]B
[ICRA]B+
[ICRA]BBB[ICRA]BBB
[ICRA]B+
[ICRA]B+
[ICRA]BB

Goodwin Jewellers Private Limited


Gopal Kamath & Co
Gopal Oil Industries
Gopal Sea Foods
Gopal Sweets Private Limited
Gopani Metal Industries Pvt. Ltd.
Gopinath Dairy Products Private Limited

[ICRA]BB[ICRA]B+
[ICRA]BB-

Stable

[ICRA]BB+
[ICRA]BBB[ICRA]B+

Stable
Stable

Gopinath Enterprise Private Limited


Gourav Suitings Private Limited
Goverdhan Transport Company Private
Limited
Goverdhan Verma Punjab Jewellers Pvt.
Ltd.
Govind Cable Industries
Govindam BRJ Infra Projects Private
Limited
Gowra Petrochem Pvt Ltd
Gowthami Solvent Oils Private Limited
Gowthami Spintex (India) Limited
Goyal Engineering Polymers Private
Limited
Goyal Sons Jewels Private Limited
Goyal Sons Zaveri Private Limited
GPI Textiles Ltd.
GR Constructions
Graduate Agro & Mechanical Engineers
Grah Avas Vikas Private Limited
Graham Blowpack Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]BB

[ICRA]B+
[ICRA]D
[ICRA]BB+
[ICRA]BB
[ICRA]BBB- (SO)
[ICRA]BBB(SO)
[ICRA]A[ICRA]D
[ICRA]B+
[ICRA]BBB
[ICRA]AA[ICRA]BB+
[ICRA]B+

Stable
Stable

[ICRA]A4
[ICRA]A3+
[ICRA]A3+

Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A3+
[ICRA]A4

Stable

[ICRA]D
Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable

Stable

[ICRA]A4
[ICRA]A3+(SO)
[ICRA]D
[ICRA]A4
[ICRA]A3+
[ICRA]A1+
[ICRA]A4+

[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A3

[ICRA]A4
Stable

[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BBB
[ICRA]BB
[ICRA]B
[ICRA]D
[ICRA]B+
[ICRA]B+
[ICRA]D
[ICRA]BB[ICRA]BB+
[ICRA]B
[ICRA]BB

[ICRA]A4

Stable
Stable

[ICRA]A3+
[ICRA]A4+
[ICRA]A4
[ICRA]D

[ICRA]D
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

Grainotch Industries Limited


Grama Vidiyal Microfinance Limited
Grameen Koota Financial Services Private
Limited
Grand Construction Co.
Grant Thornton
Granules India Limited
Graphic Era Educational Society
Graphite India Limited
GRC Infra Private Limited
Great India Steel Fabricators
Great Value Foods
Great Value Fuels Private Limited
Green City Ceramic
Green Farm Agri Exports
Green Infra Wind Energy Private Limited

[ICRA]BB
[ICRA]BBB
[ICRA]A-

Green Infra Wind Farm Assets Limited


Green Infra Wind Power Project Limited
Green Teak (India) Private Limited
Green Valleys Shelters Private Limited
Green World International Private Limited

[ICRA]BBB
[ICRA]BBB[ICRA]B[ICRA]BB
[ICRA]B

Stable
Stable

Greenearth Infraventures Pvt. Ltd.


Greenland Motors
Greenlands (A&M) Corporation
Greenpack Industries
Greenpiece Landscapes India Private
Limited
Greenstar Fertilizers Limited
Greentech Mega Food Park Private Limited

[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]B+

Stable

[ICRA]BB+
[ICRA]BB-

Stable
Stable

Greenwood High Trust


Grentex & Company Private Limited
Gress Ceramica Private Limited
Greta Energy Limited
Grind Chem
Grindwell Norton Ltd
GRN Constructions Pvt. Ltd.
Grover Impex Private Limited
Grover Zampa Vineyards Limited
Grow Well Mercantile Ltd
Growing Opportunity Finance (India) Private
Limited
Growmore International Limited
GRT Jewellers (India) Private Limited
GS Developers and Contractors Pvt Ltd
GS Malls Private Limited
GSCO Infrastructure Private Limited
GSJ Envo Limited
GSP International.
GSR Movies
GSR Textiles Pvt. Ltd
GSS Industries Limited

[ICRA]A
[ICRA]BBB
[ICRA]B+
[ICRA]BB[ICRA]BB
[ICRA]AA
[ICRA]BB+
[ICRA]B+
[ICRA]B

Stable
Stable

[ICRA]BB

Stable

[ICRA]BB
[ICRA]A
[ICRA]D
[ICRA]BB[ICRA]BB
[ICRA]BB[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]B

Stable
Stable

[ICRA]B
[ICRA]A+
[ICRA]BBB
[ICRA]BBB[ICRA]AA+
[ICRA]B
[ICRA]BB[ICRA]BB+
[ICRA]BB+
[ICRA]BB[ICRA]B+
[ICRA]A

Stable
Stable
Stable

[ICRA]A4+

[ICRA]A4
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A2
[ICRA]A1+
[ICRA]A4

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4
Stable
[ICRA]A4

[ICRA]A4
[ICRA]A4
Stable

Stable
Stable
stable
Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4+
[ICRA]A1+
[ICRA]A4+
[ICRA]A4
[ICRA]A3

[ICRA]A4
[ICRA]A1
[ICRA]D

Stable
Stable
Stable
[ICRA]A4
[ICRA]A4
[ICRA]A4

Company Name

Long Term

G-Tech Stone Limited


GTN Engineering (India) Limited
GTN Industries Limited
Guarniflon India Private Limited
Gufic Biosciences Limited
Gugan Knitwears Private Limited
Gujarat Chemical Port Terminal Company
Limited
Gujarat Colourlam Pvt. Ltd.
Gujarat Cotfib
Gujarat Cotton Industries
Gujarat Craft Industries Limited
Gujarat Energy Transmission Corp. Ltd
Gujarat Guardian Limited
Gujarat Hiflow Yarn Limited
Gujarat International Finance Tec-City
Company Limited
Gujarat Liqui Pharmacaps Private Limited

[ICRA]C+
[ICRA]BBB
[ICRA]B
[ICRA]BBB[ICRA]BB+
[ICRA]BB[ICRA]AA

Short Term

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A3
[ICRA]A4+
[ICRA]A4

[ICRA]BB[ICRA]B
^
[ICRA]BB
[ICRA]A+
[ICRA]AA
[ICRA]B
[ICRA]BBB+

Stable

[ICRA]BB

Stable

[ICRA]A4

Gujarat Microwax Private Limited


Gujarat Narmada Valley Fertilizers
Company Limited
Gujarat Paraffins Private Limited
Gujarat Peanut Products Private Limited

[ICRA]BBB
[ICRA]AA-

Stable
Stable

[ICRA]A3+
[ICRA]A1+

[ICRA]BBB[ICRA]B+

Stable

[ICRA]A3

Gujarat Power Corporation Limited


Gujarat Spices and Oilseeds Growers
Cooperative Union Limited
Gujarat State Electricity Corp. Ltd
Gujarat State Electricity Transmission Corp.
Ltd
Gujarat Tea Processsors and Packers Ltd

[ICRA]A
[ICRA]BB+

Stable
Stable

[ICRA]A4+

[ICRA]A+
[ICRA]A-

Stable

[ICRA]A1+
[ICRA]A2+

[ICRA]AA

Stable

[ICRA]A1+

Gujarat Urja Vikas Nigam Limited


Gulabdas & Co.
Gulbarga Electricity Supply Company
Limited
Gulf Ashley Motor Limited
Gulf Oil Corporation Ltd
Gulf Oil Lubricants India Limited
Gulf Orient Shipping
Gulmohar Park Mall Private Limited
Gulzar Educational & Charitable Trust
Gulzar Motors Private Limited
Gumpro Drilling Fluids Private Limited
Gupta Hair Products Private Limited
Gupta Motors India Private Limited
Gupta Overseas Private Limited
Gupta Power Infrastructure Limited
Guptas Gold House
Guranditta Mal Mohan Lal
Gurbaksh Singh B.A. Builders Pvt. Ltd.
Gurpreet Galvanizing Private Limited
Guru Ashish Shipbreakers

[ICRA]A+

Stable

[ICRA]A1+
[ICRA]A3

[ICRA]BBB-

Stable

[ICRA]BBB
[ICRA]BBB
[ICRA]A+
[ICRA]BB[ICRA]D
[ICRA]B+
[ICRA]BB[ICRA]BBB

Stable
Stable
Stable
Stable

[ICRA]BB[ICRA]B
[ICRA]A[ICRA]B+
[ICRA]B
[ICRA]B[ICRA]BB+
[ICRA]B+

Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
^
[ICRA]A4
[ICRA]A1+
[ICRA]A4

Stable

Stable
Stable

[ICRA]A3+
[ICRA]A1+
[ICRA]A4

[ICRA]A4
[ICRA]A3+
[ICRA]A4+

Stable

[ICRA]A2+

Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4

Company Name

Long Term

Guru Kirpa Agro Foods


Guru Kirpa Enterprises
Guru Nanak Education Trust
Guru Nanak Rice Mills
Guru Nanak Stone Industries
Guru Ramdas Ji Stone Crusher
GuruFCure
Gurukrupa Developers D N Nagar Project

[ICRA]BB[ICRA]BB[ICRA]D
[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]B+

Gurukrupa Cotton & Oil Industries


Gurukrupa Metals
Gurunanak Educational Society
Gurutek Estate Private Limited
Gurutek India Private Limited
GVK Jaipur Expressway Private Limited

[ICRA]B
[ICRA]B[ICRA]D
[ICRA]B
[ICRA]B
[ICRA]AA-

GVPR Engineers Limited


GVS Projects Private Limited
Gwalior Regency Resorts India Pvt. Ltd.
GWASF Quality Castings Private Limited

[ICRA]A[ICRA]B+
[ICRA]B
[ICRA]BB-

Gyandhara Education Private Limited


GYS Real Estates Private Limited
H B Oil Industries
H R Builders
H S Sandhu Builders Pvt. Ltd.
H.D. Enterprises
H.D. Wires Private Limited
H.R. Educational Foundation Trust
Haji Alimohamed Moosa & Co.
Halcyon Life Sciences Private Limited
Haldia Petrochemicals Ltd
Haldiram Educational Society
Haldiram Foods International Ltd.
Haldiram Manufacturing Co. Pvt Ltd
Haldiram Products Pvt Ltd
Haldiram Snacks Private Limited
Hallelu CLM Footwear LLP
Hallmark Steel Private Limited
Hamsa Minerals & Exports
Hans Rubber & Sports Private Limited
Hanuman Foods
Hanuman Motors Private Limited
Hanuman Rice Mills
HAR Auto Private Limited
Hara Parbati Cold Storage Private Limited

[ICRA]B[ICRA]BBB
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]BB+
[ICRA]B+
[ICRA]B+
[ICRA]D
[ICRA]BB+
[ICRA]AA-(SO)
[ICRA]AA[ICRA]A+
[ICRA]BBB+
[ICRA]AA[ICRA]BB
[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]C

Haranai Sahakari Soot Girni Limited


Hardik Textiles Private Limited
Hare Krishna Metallics Pvt Ltd
Haresh Overseas Private Limited
Hari Darshan Exports Private Limited
Hari Hara Traders

[ICRA]BB
[ICRA]B+
[ICRA]BBB[ICRA]B[ICRA]BBB[ICRA]BB-

Short Term

Stable
Stable

[ICRA]A4

[ICRA]A4

[ICRA]A4
Stable
Stable

[ICRA]A2+

Stable

Stable

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A1+
[ICRA]A1+
[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A3
[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

Hari Kripa Business Ventures Private


Limited
Hari Oil & General Mills
Hariharan Spinners Limited
Hariman Exports
Harinagar Sugar Mills Ltd
Harinarayan Khandelwal
Hariom Agri International Private Limited

[ICRA]B

[ICRA]A4

Hariom Cotgin Private Limited


Hariom Flexipack Industries
Hariom Ingots & Power Pvt. Ltd.
Hariom Pulses
Hariomkar Food Products Private Limited

[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]BBB

Harishkanda Timber Private Limited


Harissons Malayalam Ltd
Harita Fehrer Limited
Harman Cottex
Harman Cottex & Seeds Private Ltd
Harmilap Agro Industries Private Limited

[ICRA]BBB&
[ICRA]BBB
[ICRA]B+
[ICRA]BB[ICRA]BB-

Harpyari Devi Welfare Society


Harrisons Malayalam Ltd
Harsh Enterprises
Harsh Exim Consultancy LLP
Harsha Stone Industries
Harshita Polypack
Harsoria Healthcare Private Limited
Harsoria Hospitality
Haryana Kesri Rice Mill
Haryana Seeds Development Corporation
Limited
Havells India Limited
Hayat Hospital Private Limited
Hayward Synthetics Private Limited
Hazaribagh Ranchi Expressway Limited
HCG Medi-Surge Hospitals Private Limited

[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]A[ICRA]BB[ICRA]B

Stable
[ICRA]A4
Negative
Stable

[ICRA]A2+
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A4
[ICRA]A3+&

Stable
Stable
Stable

[ICRA]BB[ICRA]BBB-&
[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]BBB-

Stable

[ICRA]AA+
[ICRA]D
[ICRA]B+
[ICRA]A
[ICRA]BBB

Stable

[ICRA]A3&
Stable
Stable

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A1+
[ICRA]A4
Stable
Stable

[ICRA]A2

HCIL Comtel Limited


HCIL Comtel Limited
HCL Comnet Limited
HCL Comnet Systems & Services Limited

[ICRA]AA
[ICRA]AA

Stable
Stable

[ICRA]A1(SO)
[ICRA]A2
[ICRA]A1+
[ICRA]A1+

HCL Technologies Ltd


HDFC Securities Limited
Healthcare Energy Foods Private Limited

[ICRA]AAA
[ICRA]AAA
[ICRA]BBB-

Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1+
[ICRA]A3

HealthCare Global Enterprises Limited


Heather Constructions
Heera Rice Mills
Heeru Corrosion Protection Services
Private Limited
Hem Raj Sohan Lal

[ICRA]BBB+
[ICRA]BB[ICRA]B+
[ICRA]BB+

Stable
Stable

[ICRA]A4

Stable

[ICRA]A4+

[ICRA]B

Company Name

Long Term

Hemang Resources Limited


Hemani Industries Limited
Hemraj Devkarandas Metals And Minerals
Private Limited
Hero Corporate Service Limited
Hero Fincorp Limited
Hero Management Service Limited
Hero Motocorp Limited
Hero Motors Ltd
Herve Pomerleau international Inc. Consolidated Construction Consortium
Limited JV
Hexagon Nutrition (Exports) Private Limited

[ICRA]B
[ICRA]BBB+
[ICRA]B

Short Term

Stable

[ICRA]A4
[ICRA]A2
[ICRA]A4

[ICRA]A+
[ICRA]AA+
[ICRA]BBB+
[ICRA]AAA
[ICRA]A&
[ICRA]C

stable
Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1+
[ICRA]A2+
[ICRA]A1+

[ICRA]BBB-

Stable

[ICRA]A3

Hexagon Nutrition (International) Private


Limited
Hexagon Nutrition Private Limited
Hi Bond Cement (India) Private Limited
High Street Fashions Private Limited
High Tech Fablon Private Limited
High Tech Filatex Private Limited
High Tech Garments Private Limited
High Tech Knitwear Private Limited
High Tech Texolene Limited
High Tech Weaves (India) Private Limited

[ICRA]BB+

Stable

[ICRA]A4+

[ICRA]BBB[ICRA]BB[ICRA]B[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BB

Stable
Stable

[ICRA]A3
[ICRA]A4

Highstreet Cruises & Entertainment Private


Limited
High-Volt Electricals Private Limited
Highway Comfort Inn
Hikal Limited
HIL Limited
Hill Crest Resort & Spa Private Limited
Hill Stone Ceramic Private Limited
Hills Cement Company Limited
Hilltop Ceramics
Him Cableways
Himalaya Communications Limited
Himangi Foods Pvt. Ltd.
Himghar Udyog Private Limited
Himgiri Zee University
Himson Engineering Private Limited
Hind Glass Industries
Hind Matches Pvt. Ltd.
Hind Rectifiers Limited
Hind Unitrade Private Limited
Hinduja Foundries Limited
Hinduja Foundries Limited
Hindustan Aeronautics Ltd
Hindustan Clothing and Marketing Limited

[ICRA]BBB

Stable

[ICRA]A3+

[ICRA]BBB[ICRA]BB[ICRA]BBB
[ICRA]A+
[ICRA]BB[ICRA]B+
[ICRA]D
[ICRA]B+
[ICRA]B
[ICRA]BB
[ICRA]BB[ICRA]B[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]BB+
[ICRA]BBB[ICRA]B+
[ICRA]BBB(SO)
[ICRA]B*
[ICRA]AAA
[ICRA]B*

Stable
Stable
Stable
Stable
Stable

[ICRA]A3

Hindustan Copper Limited


Hindustan Cotton Spinning Mills
Hindustan Flour Mills

[ICRA]AA+
[ICRA]BB[ICRA]BB

Stable
Stable
Stable

Stable

[ICRA]A2
[ICRA]A1+
[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A4
Stable
Negative
Stable
Stable

[ICRA]A3
[ICRA]A4
[ICRA]A4*
[ICRA]A1+

[ICRA]A1+

Company Name

Long Term

Short Term

Hindustan Hydraulics Private Limited


Hindustan Inox Limited
Hindustan latex family Planning promotion
Trust
Hindustan Mint and Agro Products Private
Limited
Hindustan Oil Exploration Co. Ltd
Hindustan Paper Mill
Hindustan Pressings Private Limited
Hindustan Tin Works Limited
Hindustan Urban Infrastructure Limited
Hindusthan Calcined Metals Private Limited

[ICRA]BB[ICRA]BBB
[ICRA]A+(SO)

Stable
Stable
Stable

[ICRA]A4
[ICRA]A3+
[ICRA]A1(SO)

[ICRA]BB

Stable

[ICRA]A4

[ICRA]BBB+
[ICRA]D
[ICRA]BB[ICRA]A[ICRA]BBB
[ICRA]B-

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A1
[ICRA]A2
[ICRA]A4

Hindusthan Engineering & Industries


Limited
Hindusthan Malleables & Forgings Limited

[ICRA]BBB+

Stable

[ICRA]A2+

[ICRA]BB

Stable

[ICRA]A4+

Hindusthan Microfinance Private Limited

[ICRA]BB-

Stable

Hindva Builders
Hindware Home Retail Pvt. Ltd.
HI-Q Electronics Private Limited
Hira Cotton Fibers
Hira Electro Smelters Private Limited
Hira Power and Steel Limited
Hiraman Developers Private Limited
Hiranandani Healthcare Private Limited
Hiranya Builders Private Limited
Hi-Rock Construction Private Limited
Hisar Metal Industries Limited
Hissar Pipes Private Limited
HiTech Cellphone Private Limited
HI-Tech Engineering Industries
Hitech Extrusion LLP
Hi-Tech Frozen Facilities Private Limited

[ICRA]BB[ICRA]A[ICRA]BBB[ICRA]B+
[ICRA]BBB-(SO)
[ICRA]BBB
[ICRA]B+
[ICRA]A
[ICRA]BB
[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]B

Stable
Stable
Stable

[ICRA]A2+
[ICRA]A3

Negative
Negative

[ICRA]A3(SO)
[ICRA]A3+

Stable
Stable
Stable

[ICRA]A4

Hiten Fasteners Private Limited


Hitesh Plastics Private Limited
HK Toll Road Private Limited
HLL Lifecare Limited
HMC MM Auto Limited
Hobel Bellows Co.
Hobel Flexibles Inc.
Hoin Mal Sons Enterprises Private Limited

[ICRA]BB
[ICRA]BBB+
[ICRA]BBB+
[ICRA]A+
[ICRA]AA

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2+

Holy Faith International (P) Ltd.


Homera Tanning Industries Pvt Limited
Honest Derivatives Private Limited
Honest Realty
Hooghly Alloy & Steels Co. Private Limited

[ICRA]BBB[ICRA]B[ICRA]BBB
[ICRA]D
[ICRA]BB

Stable
Stable

[ICRA]A3
[ICRA]A4
[ICRA]A3

Stable

[ICRA]A4

Horizon Buildcon Private Limited


Horizon Dream Homes Private Limited
Hotcrete Infrastructure Private Limited

[ICRA]B+
[ICRA]D
[ICRA]BBB-

Stable

[ICRA]A3

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]A1
[ICRA]A1+
[ICRA]A3
[ICRA]A3

[ICRA]B+

Company Name

Long Term

Hotel Airport Kohinoor Pvt. Ltd


Hotel Excelsior Limited
Hotel Indraprastha Fairmont
Hotel Raj Park Private Limited
Hotel Vaigai Private Limited
HP Cotton Textile Mills Limited
HRM Overseas
Hufort Healthcare Private Limited
Hughes Communication Limited
Hughes Network Systems India Limited
Hunsur Plywood Works Private Limited
Huntsman International (India) Pvt Ltd.
Huntsman Performance Products (India)
Private Limited
Hutch India Private Limited
Hyacinth Hotels Pvt Ltd
Hyderabad Airport Security Services
Limited
Hyderabad Duty Free Retail Limited
Hyderabad Food Products Private Limited

[ICRA]D
[ICRA]A
[ICRA]B
[ICRA]BB
[ICRA]C
[ICRA]BB+
[ICRA]B
[ICRA]B

Hyderabad Institute of Oncology


Hydric Farm Inputs Limited
Hydro Magus Private Limited
Hydrobaths Ramco Marketing Private
Limited
Hydromatik
Hydropack (India) Private Limited
Hysco Steel India Limited
Hysco Steel India Limited
IAC International Automotive India Private
Limited
IBC Limited
IBD Space Infrastructure Pvt Ltd
Iced Desserts & Food Parlours (India)
Private Limited
Icewear Creations
ICFAI Foundation for Higher Education
ICFAI University Sikkim
ICFAI University Sikkim
ICFAIAN Foundation
ICICI Home Finance Company Limited
ICICI Prudential Asset Management
Company Limited
ICMC Corporation Limited
Icomm Tele Limited
Icon Granito Private Limited
Iconic Automobiles
IDBI Bank Limited
Ideal Carpet Industries
Ideal Dye Chem Industries
Ideal Ice Cream
IDL Explosives Limited
IDL Explosives Limited

Short Term

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A1
[ICRA]A2
[ICRA]A4
[ICRA]A2+
[ICRA]A3

[ICRA]B+
[ICRA]A-

Stable

[ICRA]B+
[ICRA]BBB+(SO)
[ICRA]BB+(SO)

Stable
Stable

[ICRA]A2(SO)

[ICRA]BBB[ICRA]B-

stable

[ICRA]A3

[ICRA]BBB+
[ICRA]BB
[ICRA]A-(SO)
[ICRA]B

Stable
Stable
Stable
[ICRA]A4

[ICRA]B+
[ICRA]BB[ICRA]BBB-

Stable
Stable

[ICRA]BB+

Stable

[ICRA]C
[ICRA]B+
[ICRA]BB-

Stable

[ICRA]B+
[ICRA]BBB+(SO)
[ICRA]B+
[ICRA]BBB+(SO)
[ICRA]BBB+(SO)
[ICRA]AAA
[ICRA]AAA
[ICRA]BB+
[ICRA]D
[ICRA]BB+
[ICRA]BB[ICRA]B[ICRA]BBB[ICRA]BB+
[ICRA]BB
[ICRA]BBB(SO)

[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A2(SO)
[ICRA]A4+

[ICRA]A4
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]D
[ICRA]A4+
[ICRA]A4
[ICRA]A1+
[ICRA]A3
[ICRA]A4
[ICRA]A3+(SO)

Company Name

Long Term

Short Term

Idupulapadu Cotton Mills Private Ltd


IFCI Limited
IFMR Capital Finance Private Limited
Ihsanulla Dryers
IIC Technologies Pvt. Ltd.
IIFL Holdings Limited
IITL-Nimbus The Hyde Park, Noida
IL JIN Electronics (India) Private Limited
IL&FS Rail Limited
IL&FS Tamil Nadu Power Company Limited

[ICRA]BB
[ICRA]A+
[ICRA]A+
[ICRA]B
[ICRA]BBB

Stable
Stable
Stable

[ICRA]A4+

Stable

[ICRA]A3+
[ICRA]A1+

[ICRA]BB
[ICRA]BB
[ICRA]A(SO)
[ICRA]BBB-

Stable
Stable
Stable
Stable

IL&FS Transportation Networks Limited


IMC Limited
Imcola (Exports) Limited
Immense Packaging Private Limited
Imosys Engineering Company Private
Limited
Impact Safety Glass Works Private Ltd
Imperial Developers
Imperial Tubes Private Limited
Imperial Waterproofing industries Private
Limited
Imperiall Technoforge Private Limited
Imperium Constructions Private Limited
Imperus Ceramic Private Limited
Impex Ferro Tech Limited
Impex Metal and Ferro Alloys Limited
Imprint Vinimay Private Limited
Inani International Private Limited
INCA Hammock Manufacturing & Export
Private Limited
Incap Contract Manufacturing Services
Private Limited
Incom Cables (P) Limited
Incom Wires and Cables Limited
Indag Rubber Ltd
Indapur Dairy and Milk Products Limited
Ind-Barath Energies (Thoothukudi) Limited

[ICRA]A

Stable

Ind-Bharath Energy (Maharashtra) Ltd


Ind-Bharath Power Gencom Limited
Indcoat Shoe Components Ltd
Inder Mohan Singh Contractors
Indera Ethnic & Designs Private Limited
Indermani Mineral (India) Private Limited

[ICRA]D
[ICRA]D
[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]BB

Indfab Projects Pvt. Ltd.


India Carbon Ltd
India Dairy Products Limited
India Factoring and Finance Solutions
Private Limited
India Food Exports
India Gold Limited
India Infoline Finance Limited

[ICRA]D
[ICRA]B
[ICRA]B
[ICRA]BB
[ICRA]BB
[ICRA]BB
[ICRA]D
[ICRA]BB
[ICRA]B+
[ICRA]C
[ICRA]D
[ICRA]D
[ICRA]B+

[ICRA]A4

[ICRA]A1
[ICRA]A2+
[ICRA]A1(SO)
[ICRA]D

[ICRA]A4
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]D

Stable
[ICRA]A4
[ICRA]A4

[ICRA]A4
[ICRA]A4

[ICRA]BBB

Stable

[ICRA]A3+

[ICRA]BB[ICRA]B+
[ICRA]A+
[ICRA]BBB+
[ICRA]D

Stable

[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A2

Stable

[ICRA]A3

Stable

[ICRA]A4+

[ICRA]C+
[ICRA]BBB[ICRA]BBB-

Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A3
[ICRA]A2@

[ICRA]BBB[ICRA]BB[ICRA]AA

Stable
Stable
Stable

[ICRA]A3
[ICRA]A4

Company Name

Long Term

Short Term

India Infoline Housing Finance Limited


India Motor Parts and Accessories Limited

[ICRA]AA
[ICRA]AA

Stable
Stable

India Shelter Finance Corporation Limited

[ICRA]BBB-

Stable

India Shoes Exports Private Limited


India Tin Industries Private Limited
Indian Agro & Food Industries Ltd
Indian Cables & Electricals Private Limited

[ICRA]BBB[ICRA]BB+
[ICRA]A
[ICRA]BB+

Stable
Stable
Stable
Stable

[ICRA]A3
[ICRA]A4+
[ICRA]A1
[ICRA]A4+

Indian Card Clothing Company Limited


Indian Commerce & Industries Co Pvt Ltd

[ICRA]A
[ICRA]BBB

Stable
Stable

[ICRA]A1
[ICRA]A2

Indian Compressors Limited


Indian Construction Co
Indian Crop Science Private Limited
Indian Furniture Products Limited
Indian Gem & Jewellery Creation Private
Limited
Indian Medical Trust
Indian Metals & Ferro Alloys Ltd
Indian Products Limited
Indian Pulp & Paper Private Limited
Indian Railway Finance Corporation Ltd
Indian Steel Corporation Limited
Indian Treat Limited
Indiana Hospital and Heart Institute Limited

[ICRA]BB+
[ICRA]B+
[ICRA]B+
[ICRA]BBB(SO)
[ICRA]BBB-

Stable

[ICRA]A4+
[ICRA]A4

Stable
Stable

[ICRA]A2(SO)
[ICRA]A3

[ICRA]BBB
[ICRA]A[ICRA]BB+
[ICRA]D
[ICRA]AAA
[ICRA]C

Stable
Stable
Stable

INDIC EMS Electronics Pvt. Ltd.


Indigo Jewellery (India) Manufacturing Pvt.
Ltd.
Indira Damper Industries
Indira Industries
Indo Arab Air Services Private Limited
Indo Count Industries Limited
Indo Dutch Carpet Mfg Pvt Ltd
Indo German Carbons Limited
Indo Rama Synthetics (India) Limited
Indo Schottle Auto Parts Private Limited
Indo Unique Trading Private Limited
Indo Vacuum Technologies Private Limited

[ICRA]BB-

Stable

[ICRA]A4
[ICRA]A3+

[ICRA]BBB[ICRA]BBB-

Stable
Stable

[ICRA]A
[ICRA]B[ICRA]BB[ICRA]BB[ICRA]A-

Stable

[ICRA]A3
[ICRA]A3
[ICRA]A4+
[ICRA]A1

Indoco Remedies Limited


Indomet Steel Industries Private Limited
Indospace Rohan Industrial Park Khed
Private Limited
Indospace Rohan Industrial Park
Mahalunge Private Limited
Indospace Rohan Industrial Park Private
Limited
Indospace Rohan Industrial Park Pune
Private Limited
Indo-US MIM Tec Private Limited

Stable
Stable

[ICRA]A1+
[ICRA]A1+

[ICRA]A1
[ICRA]A4+
[ICRA]D
[ICRA]A1+
[ICRA]A4
[ICRA]D

[ICRA]B

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A1
[ICRA]A4
[ICRA]A4

[ICRA]AA[ICRA]B+
[ICRA]BBB

Stable

[ICRA]A1+
[ICRA]A4

[ICRA]BBB

Stable

[ICRA]BBB

Stable

[ICRA]BBB

Stable

[ICRA]AA-

Stable

[ICRA]B+

Stable

Company Name

Long Term

Short Term

Indraprastha Automobiles Private Limited

[ICRA]B+

[ICRA]A4

Indraprastha Gas Limited


Indraprastha Medical Corporation
Indraprastha Shelters Private Limited
Indsur Gears Limited
Indsur Global Limited
Ind-Swift Laboratories Limited
Indure Pvt Limited, The
Indus Gas Limited
Indus Mega Food Park Private Limited
Indus Motor Company P Limited
Indus Tropics Limited
Industrial Chemical Works
Industrial Manufacturers
Industrial Solvents & Chemicals Private
Limited
Infants Travels Private Limited
Infinity Fab Engineering Co. Private Limited

[ICRA]AAA
[ICRA]AA
[ICRA]BB+
[ICRA]BBB[ICRA]BBB[ICRA]D
[ICRA]BBB[ICRA]A[ICRA]B+
[ICRA]BB
[ICRA]BB
[ICRA]BB
[ICRA]B+
[ICRA]A-

Stable
Negative
Stable
Stable
Stable

[ICRA]BB
[ICRA]B-

Stable

Infinity.Com Financial Securities Limited

[ICRA]BBB

Stable

Infotel Business Solutions Limited


Innova Captab
Innova Captab Private Limited
Innova Childrens Heart Hospital Private
Limited
Innova Rubbers Private Limited
Innovative Infraprojects Private Limited
Ino Flex Private Limited
Institute of Chartered Financial Analysts of
India (ICFAI)
Institute of Management & Information
Science
Instyle Exports Private Limited
Intas Pharmaceuticals Limited
Intech Pharma Private Limited
Integrated Spaces Limited
Inter Gold Gems Private Limited
Inter India Roadways Private Limited
Intercontinental Consultants & Technocrats
Pvt. Ltd.
Intercontinental Polymers Pvt. Ltd.
Interglobe Hotels Private Limited
International Agro Foods
International Combustion (India) Ltd
International Cylinders Private Limited
International Fresh Farm Products India
Limited
International Leather Goods
International Seaport (Haldia) Pvt Ltd
International Seaport Dredging Ltd
International Tractors Limited

Negative
Stable
Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1+
[ICRA]A3
[ICRA]A3
[ICRA]D
[ICRA]A3

[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2+

[ICRA]BBB
[ICRA]BBB
[ICRA]D

Stable
Stable

[ICRA]A4
[ICRA]A3+
[ICRA]A3+

[ICRA]BBB[ICRA]C
[ICRA]B
[ICRA]BBB+

Stable

[ICRA]A3

Stable

[ICRA]D
[ICRA]BB[ICRA]AA+
[ICRA]BB[ICRA]B+

Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A4

[ICRA]BB
[ICRA]A+

Stable
Stable

[ICRA]A2(SO)
[ICRA]A4+
[ICRA]A1+

[ICRA]B+
[ICRA]A[ICRA]B
[ICRA]A[ICRA]BB+
[ICRA]B+
[ICRA]B+
[ICRA]BBB+
[ICRA]BBB[ICRA]AA+

[ICRA]A4
Stable
Stable
Positive

[ICRA]A1
[ICRA]A4+

Stable
Stable
Stable

[ICRA]A4
[ICRA]A2+
[ICRA]A3
[ICRA]A1+

Company Name

Long Term

Short Term

Intrepid Finance & Leasing Private Limited

IPL Products
Iqbal Ahmed Infra Projects Private Limited

[ICRA]B+
[ICRA]BB-

Stable

[ICRA]A4
[ICRA]A4

IREO Hospitality Company Private Limited

[ICRA]BBB

Stable

IREO Private Limited


IREO Waterfront Private Limited
Iris Computers Limited
Iris Knitwear
IRM Limited
IRM Offshore and Marine Engineers Ltd.

[ICRA]BBB
[ICRA]BBB
[ICRA]A[ICRA]BB[ICRA]BBB[ICRA]BBB-

Positive
Stable
Stable
Stable
Stable
Stable

ISGEC Heavy Engineering Limited


ISGEC Hitachi Zosen Limited
Ishaan Metals Private Limited
Ishwar Cables Private Limited
Ishwar Metal Industries
Ishwar Oil Mill
Iskcon Metals
Iskrupa Mall Management Company Private
Limited
Ismail Enterprises
Isolloyd Engineering Technologies Limited

[ICRA]AA
[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]BB

Stable
Stable

Issar Pharmaceuticals Private Limited


Italia Ceramics Private Limited
Itarsi Oils & Flours Ltd.
ITD Cementation India Limited
ITD -ITD Cem JV
ITD-ITD Cem Joint Venture
I-Tech Plast India Private Limited
Ivax Paper Chemicals Limited
IVRCL Chandrapur Tollways Limited
J C Construction Private Limited
J D Industries
J D Industries
J Hotels Private Limited
J K Solutions Inc
J M Ferro Alloys Private Limited
J Matadee Free Trade Zone Private Limited

[ICRA]B
[ICRA]B+
[ICRA]BBB
[ICRA]BBB+
[ICRA]BBB+*
[ICRA]BBB+(SO)
[ICRA]BB[ICRA]BBB[ICRA]D
[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]BB+

[ICRA]B
[ICRA]A-

[ICRA]A2+
[ICRA]A3
[ICRA]A3
[ICRA]A1+
[ICRA]A3
[ICRA]A4
[ICRA]A4

Stable

Stable

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2+

[ICRA]A4
[ICRA]A3+
[ICRA]A2+
[ICRA]A2+*
[ICRA]A2+(SO)
[ICRA]A4
[ICRA]A3
[ICRA]D
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A4
Stable

J Pan Tubular Components Private Limited [ICRA]BBB-

Stable

[ICRA]A3

J. A. Textiles Private Limited


J. J. House Pvt. Ltd.
J. K. Sons Engineers Private Limited
J.B. Cotton
J.C. Antiques & Crafts
J.D. Cotton Industry
J.G. Hosiery Private Limited
J.I. Enterprises
J.J. Automotive Limited

Stable
Stable
Stable

[ICRA]A4

[ICRA]BB[ICRA]BBB[ICRA]BB[ICRA]B+

[ICRA]A4+
[ICRA]B
[ICRA]A[ICRA]B
[ICRA]BB

Stable
Stable

[ICRA]A2+
[ICRA]A4

Company Name

Long Term

J.J.Enterprise
J.K. Associates
J.P. Engineers
J.R. Metal Chennai Limited
J.R.R. Construction (P) Limited
Jaann Offset Printing Private Limited
Jabalpur Entertainment Complexes Pvt Ltd

^
[ICRA]BBB[ICRA]BBB-&
[ICRA]B+
[ICRA]B
[ICRA]C+
[ICRA]BB-

Jabs International Pvt. Ltd.


Jadcherla Expressways Pvt Ltd
Jade Blue Lifestyle India Ltd.
Jadli Foods (India) Private Limited
Jagajampi Auto Private Limited
Jagatjit Industries Limited
Jagdamba Oil & General Mills
Jagdamba Sponge Pvt. Ltd.
Jagdambay Cotspin Limited
Jagdish Aluminium Private Limited
Jagdish Saran
Jagrut Motors
Jagsonpal Pharmaceuticals Limited
Jaguar Overseas Ltd
Jahanvi Ispat Private Limited
Jai Bharat Steel Industries
Jai Durga Builders
Jai Ganesh Ispat & Ferro Alloys Private
Limited
Jai Giriraj Rice and Agro Mills Private
Limited
Jai Hanuman Agro Industries
Jai Hanuman Rice Industries
Jai India Weaving Mills Pvt Limited
Jai Krishan-SVP JV
Jai Laxmi Cement Company Private Limited

[ICRA]BBB
[ICRA]A+
[ICRA]BBB+
[ICRA]BB
[ICRA]BB
[ICRA]BB
[ICRA]B[ICRA]B+
[ICRA]B
[ICRA]BBB[ICRA]B+
[ICRA]BB[ICRA]BB+
[ICRA]BBB[ICRA]D
[ICRA]BB[ICRA]B
[ICRA]BB-

Jai Laxmi Lighting Industries Private


Limited
Jai Maa Savitri Educational Society
Jai Maakali Fish Farms Private Limited
Jai Maakali Poultry Products Private
Limited
Jai Maharashtra Nagar Development
Private Limited
Jai Shanker Rice and General Mills
Jai Shardha Rice Mill
Jai Shiv Food Products Private Limited
Jai Shree Shyam Textiles
Jai Surgicals Limited
Jai Suspension Systems LLP
Jaideep Ispat & Alloys Private Limited
Jain Agencies
Jain Kusum Enterprises Private Limited
Jain Shawls
Jain Udyog

[ICRA]B+

Short Term

^
Stable
[ICRA]A3&
[ICRA]A4
[ICRA]A4
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A3+

Stable

[ICRA]A3
[ICRA]A4

[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A4

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A3

Stable

[ICRA]A4

Stable

[ICRA]A4

[ICRA]B+
^
[ICRA]B
[ICRA]BB[ICRA]BB
[ICRA]BB-

Stable
Stable
Stable

^
[ICRA]A4
[ICRA]A4

[ICRA]A4

[ICRA]D
[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]A+
[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]BBB-

[ICRA]A4
Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A3

Stable
Stable

[ICRA]A4

Company Name

Long Term

Short Term

Jaina Marketing & Associates


Jaina Mobile India Limited
Jainam Cables (India) Private Limited
Jaipur Integrated Texcraft Park Private
Limited
Jaipur Rugs Company Private Limited
JAK Associates
Jal Exports
Jala Shakti Limited
Jalalabad Rice Exports Private Limited
Jalan Con Cast Limited
Jalan Iron & Steel Company
Jalaram Agri Exports Private Limited
Jalaram Ceramics Limited
Jalaram Cotton Ginning and Pressing
Factory
Jalaram Eco Fabric Private Limited
Jaldhara Ginning Factory
Jam Hotels and Resorts Private Limited
Jam Hotels and Resorts Private Limited
Jambuwala Commodities Pvt. Ltd.
Jamna Auto Industries Limited
Jampana Constructions Private Limited
Jamuna Jyoti Developers Private Limited

[ICRA]A
[ICRA]A
[ICRA]B+
[ICRA]BB

Stable
Stable

[ICRA]BBB[ICRA] B+

Stable

Janaki Cotton Mills Limited


Janalakshmi Financial Services Private
Limited
Janatha Fish Meal & Oil Products
Janatics India Private Limited
Janki Rice & Solvent Industries Private
Limited
Janpath Estates Private Limited
Janta Breeding Farm
Janta Land Promoters Limited
Janta Rice Mills
Janus Packaging Private Limited
Japan International
Japfa Comfeed India Private Limited
Jasdev Singh Sandhu Foundation
Jasmine Industrial Corporation
Jasper Industries Pvt Ltd
Jassmine Enterprises
Javin Construction Pvt. Ltd.
Jaxx Vitrified Private Limited
Jay Ambe Corporation
Jay Bharat Food Process Private Limited

[ICRA]B[ICRA]A

Jay Bharat Maruti Limited


Jay Bharat Spices Private Limited
Jay Bhawani Coal Fields Pvt. Ltd.
Jay Dee Enterprises
Jay Enterprise
Jay Formulations Limited

[ICRA]A+
[ICRA]B+
[ICRA]B+

[ICRA]D
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]B+

[ICRA]A1
[ICRA]A1

Stable
[ICRA]A3
[ICRA]A4
[ICRA]D

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]A+
[ICRA]BB+
[ICRA]B+

[ICRA]BBB[ICRA]BBB+
[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]BBB
[ICRA]B
[ICRA]BB
[ICRA]BBB[ICRA]BBB+
[ICRA]B[ICRA]BB[ICRA]BBB[ICRA]BB[ICRA]B
[ICRA]BBB
[ICRA]BB[ICRA]B+

[ICRA]B
[ICRA]BB-

Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A4+

[ICRA]A4
Stable
Stable
Stable

[ICRA]A3
[ICRA]A2

Stable
Stable
Stable
Stable

[ICRA]A2

Stable
Negative
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4

Stable
Stable

[ICRA]A3+

Stable

[ICRA]A1+

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

Company Name

Long Term

Jay Keshav Exports Private Limited


Jay Metal
Jay Parvati Cold Storage
Jay Ranchhod Cotton Industries
Jay Shiv Agro Industries
Jay Umiya Industries
Jayalakshmi Sea Foods Private Limited

[ICRA]B
[ICRA]B
^
[ICRA]B
[ICRA]B
[ICRA]BBB-

Jayalakshmi Textiles Private Limited


Jayalaxmi Enterprises
Jayalaxmi Poly Packs Private Limited
Jayant Snacks & Beverages Private Limited

[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]BB-

Jayanti Boards Limited


Jayashree Polymers Private Limited
Jayco Synthetics
Jaydeep Cotton Fibres Private Limited
Jayesh Electricals Limited
Jaykishan Fibre Private Limited
Jayman Textiles Private Limited
Jayshree Builders
Jayshree Tea & Industries Limited
Jayshree Tools and Assemblies Private
Limited
JBJ Technologies Limited
JBM Auto Limited
JBM Industries Limited
JBM MA Automotive Private Limited
JBM Ogihara Automotive India Limited
Jeevan Saar Educational Society
Jeevisha Foods Pvt. Ltd.
Jekin Enterprise
Jet Airways (India) Limited
Jet Lite (India) Limited
Jewel Classic Hotels Private Limited
Jewel India Private Limited
Jeyavishnu Spintex Private Limited
Jeyenkay Petrogels Pvt Ltd
Jhajharia Nirman Pvt. Ltd.
Jharkhand Grind Chem Private Limited
Jhaveri Securities Limited
JHV Steels Limited
Jia Auto Sales Private Limited
Jigar Transport Co.
Jill Mill Non-Woven Private Limited
Jinaam Dress Private Limited
Jinaehat Export Private Limited
Jindal Agrocorp Private Limited
Jindal Aluminium Limited
Jindal Arya Impex Private Limited
Jindal Drilling & Industries Limited
Jindal Poly Weaves Private Limited
Jindal Power Limited
Jindal Rayons Private Limited

[ICRA]B+
[ICRA]BBB[ICRA]B[ICRA]BBB[ICRA]BB
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]A[ICRA]D
[ICRA]B
[ICRA]BBB
[ICRA]BBB
[ICRA]BBB[ICRA]BBB[ICRA]D
[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]BB
[ICRA]BB+
[ICRA]BB[ICRA]BB[ICRA]BB+
[ICRA]BB+
[ICRA]BB+
[ICRA]B
[ICRA]C+
[ICRA]BB+
[ICRA]B+
^
[ICRA]B
[ICRA]AA[ICRA]BBB[ICRA]A[ICRA]B+
[ICRA]A+&
[ICRA]B+

Short Term

[ICRA]A4+
[ICRA]A4
^
[ICRA]A4
Stable

[ICRA]A3

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

stable
Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4

Stable
Negative

[ICRA]A4
[ICRA]A2+

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A3+
[ICRA]A2
[ICRA]A3
[ICRA]A3

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4+

Stable

[ICRA]A4
[ICRA]A4+

Stable
Stable
Stable

^
[ICRA]A4
[ICRA]A4
[ICRA]A1+
[ICRA]A3
[ICRA]A1
[ICRA]A1+&
[ICRA]A4

Company Name

Long Term

Short Term

Jindal Rice & General Mills


Jindal Rolling Mills Limited
Jindal Steel And Power Limited
Jindal Texofab limited
Jindal Timber & Plywood Private Limited

[ICRA]B[ICRA]BB[ICRA]A+
^
[ICRA]B+

Jindal Waterways Limited


Jineshwar Malleable & Alloys
Jinny Marine Traders
JIS Foundation
JITF Urban Waste Management (Bathinda)
Limited
JITF Urban Waste Management
(Ferozepur) Limited
Jivandhara Cotton Industries
JK Paper Limited
JKC General Trading Co.
JM Financial Asset Reconstruction
Company Private Limited
JM Financial Credit Solutions Limited
JM Financial Institutional Securities Limited

[ICRA]BBB[ICRA]BB
[ICRA]BB
[ICRA]BBB
[ICRA]BB

Stable
Stable
Stable
Stable
Stable

[ICRA]BB

Stable

[ICRA] B+
[ICRA]BBB+

Stable

JM Financial Limited
JM Financial Products Limited
JM Financial Services Limited
JMC Constructions Private Limited
JMC Paper Tech Private Limited
JMD Limited
JMJ Education Society
JMT Auto Limited
JNB Steel Industries Pvt Ltd
Jnj Machines Private Limited
JNV Vira Engineering Private Limited
Jogi Food Processing
Jogindra Castings Private Limited
Jogma Laminates Industry Private Limited

[ICRA]A4
Stable
Negative

[ICRA]A1
^
[ICRA]A4
[ICRA]A3
[ICRA]A4

[ICRA]A4
[ICRA]A+

Stable

[ICRA]AA

Stable
[ICRA]A1+

[ICRA]AA
[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]BB
[ICRA]BBB-@
[ICRA]BB
[ICRA]B+
[ICRA]C+
[ICRA]D
[ICRA]BB[ICRA]B+

Stable

Stable
Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1+
[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A3@
[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A4

[ICRA]A4

Jolly Enterprise
Jolly Silks Private Limited
Jonas Petro Products Private Limited
Jonna Iron Mart
Jonna Steels
JOP Hotels Limited
Jorss Bullion Private Limited
Joseph Leslie & Company LLP
Jot Impex Private Limited
Joyalukkas India Private Limited
JP Flour Mills Private Limited
JP Sortex Private Limited
JP Structures Private Limited
JPC Infra Private Limited
JR Recreation Clubs and Resorts Limited

[ICRA]BB[ICRA]BBB
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BB+
[ICRA]BB
[ICRA]B+
[ICRA]BB
[ICRA]A
[ICRA]BB[ICRA]B
[ICRA]BBB[ICRA]BB[ICRA]BB+

Stable
Stable

JS Estates and Projects Private Limited

[ICRA]BB-

Stable

[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A3

Company Name

Long Term

Short Term

JS Fashions (INTL) Private Limited


JS Spintex Limited
JSK Industries Pvt Ltd
JSK Marketing Private Limited
JSM Devcons Private Limited
JSM Vegoils Private Limited
JSW Steel Limited
Jumbo Bag Limited
Jumbo Roofings and Tiles
JV Steel Traders
JV Steel Tubes
JVS Export
JWR Logistics Private Limited
JY International
Jyote Motors Private Limited
Jyoti General Industries
Jyoti Strips Private Limited
Jyoti Vincom Private Limited
Jyotindra International
Jyotirmaye Textiles Private Limited
K B A Infrastructure Private Limited
K P Buildcon Private Limited
K S R Textile Mills Private Limited
K S Venkatraman & Co. Private Limited
K Seshagiri Rao & Co.
K V Joseph & Sons Private Limited
K World Estate Private Limited
K&K Jewellers
K. B. Gems
K. B. Impex
K. C. Ferro & Reroling Mills Private Limited

[ICRA]BB
[ICRA]B
[ICRA]A[ICRA]BBB[ICRA]B
[ICRA]BB[ICRA]AA
[ICRA]B[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]BBB
[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]BB+
[ICRA]B[ICRA]BB
[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]BB+
[ICRA]BB-

[ICRA]BB+
[ICRA]B+

Stable

K. Chandrakant and Co. International


Private Limited
K. J. Somaiya College of Engineering
K. K. Homes
K. K. Leisure & Tourism International
Private Limited
K. K. Mohandas (Rajadhani Restaurant)
K. L. Mechanical Works Private Limited
K. Moideenkutty Haji
K. P. R. Agros Poultries Private Limited
K. P. Sanghvi & Sons
K. R. Construction
K. Rajagopalan & Co.
K. Rasiklal Exim Private Limited
K. S. Fiber
K. Subraya Anantha Kamath & Sons
K. V. Aromatics Pvt Ltd.
K. Velayudhan Memorial Trust
K. Venkata Raju Engineers& Contractors
Pvt. Ltd.
K. Venkata Ramana Murthy & Others
K.B Products Private limited

[ICRA]BB+

Stable

[ICRA]BBB[ICRA]D
[ICRA]D

Stable

[ICRA]D
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]A[ICRA]BB+
[ICRA]B+
[ICRA]BB+
[ICRA]B
[ICRA]BB+
[ICRA]BBB
[ICRA]BB
[ICRA]BB[ICRA]B+
[ICRA]B

Stable

[ICRA]A4

Stable
Stable

[ICRA]A2+
[ICRA]A3

Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A4
[ICRA]A4

Stable

Stable
Stable
Stable
Stable

[ICRA]A3

Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

Stable
Stable
Stable

[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4+

[ICRA]A4
[ICRA]A4
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A2+
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4+
[ICRA]A3+

[ICRA]A4

Company Name

Long Term

K.C. Timber Traders


[ICRA]B
K.D. Supply Chain Solutions Private Limited [ICRA]BB
K.D.Cements
K.D.Coke
K.K. Automotive Private Limited
K.K. Builders
K.K. Cotex
K.K. Proteins Private Limited
K.K. Silk Mills Private Limited
K.K. Traders
K.M. Cars Private Limited
K.N.Diamond
K.P. Saha Private Limited Unit: Maa
Bameswari Rice Mill
K.P.R. Knitting
K.R. Padmanabhan and Sons
K.R.S & Jain Associates
K.S. Overseas Private Limited
K.S.C Educational Society
K.T.C Foods Private Limited
K.V. Mohana Rao & Company Private
Limited
Kabeer Textiles Pvt Ltd
Kach Motors Private Limited
Kachchh Veneers Private Limited
Kadalkanny Frozen Foods
Kadam & Kadam Jewellers Private Limited

[ICRA]BBB[ICRA]BBB[ICRA]B+
[ICRA]D
[ICRA]B+
ICRA]B+
[ICRA]BB+
[ICRA]B
[ICRA]B

Kader Exports Private Limited


Kader Investment & Trading Co Private
Limited
Kadvani Forge Limited
Kailash Cold Storage
Kailash Dairy Limited
Kailash Devbuild India Private Limited
Kailash Electricals
Kailash Infratech Private Limited
Kailash Motors
Kaira Can Company Limited
Kajaria ceramics limited
Kakade Construction Company Private
Limited
Kakinada Marine and Offshore Complex
Limited
Kakinada Seaports Limited
Kakinada SEZ Private Limited
Kalindee Rail Nirman (Engineers) Ltd.
Kalindi Ispat Private Limited
Kalis Sparkling Water (Private) Limited
Kalki Communication Technologies Private
Limited
Kallam Agro Products & Oils (P) Limited

[ICRA]BB+
[ICRA]BB+

Short Term

Stable

[ICRA]A4
[ICRA]A4+

Stable
Stable
[ICRA]A4
[ICRA]D

Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4

[ICRA]B+
[ICRA]B
^
[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]BB[ICRA]BB^
[ICRA]BB+
[ICRA]B+
[ICRA]BB
[ICRA]BB-

[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]B
[ICRA]BBB
[ICRA]A+
[ICRA]BB+

Stable
Stable
Stable
Stable

^
[ICRA]A4

[ICRA]A4
^

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+

[ICRA]A4+
[ICRA]A4+
[ICRA]A4

Stable
Stable
Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A1+

[ICRA]BBB

Positive

[ICRA]A
[ICRA]D
[ICRA]BBB-%
[ICRA]BB[ICRA]BB+
[ICRA]BB

Stable

[ICRA]A1

Stable
Stable
Stable

[ICRA]A3%
[ICRA]A4
[ICRA]A4+
[ICRA]A4+

[ICRA]BB+

Stable

Company Name

Kallam spinning Mills Ltd


Kalol Steel & Alloys Private Limited
Kalpaka Motors
Kalpana Impex
Kalpana Wines
Kalpatharu Breweries & Distilleries Private
Limited
Kalpatharu Liquor Distributors
Kalpesh Corporation
Kalpesh Synthetics Private Limited
Kalsi Brothers
Kalyan Cotton Industries
Kalyan Jewellers India Private Limited
Kalyan Nav Nirman Ltd
Kalyan Roller Flour Mills Private Limited
Kalyan Silks Trichur Private Limited
Kalyani Carpenter Special Steel Limited

Long Term

[ICRA]BB+
[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]BB+
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]A
[ICRA]BB[ICRA]B+
[ICRA]BBB+
[ICRA]A+

Short Term

Stable
[ICRA]A4
Stable
[ICRA]A4
Stable

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A1
[ICRA]A4
[ICRA]A2
[ICRA]A1+

Kalyani Global Engineering Private Limited [ICRA]A-

Stable

Kalyani Hayes Lemmerz Limited


Kalyani Steels Ltd
Kalyani Tech Park Private Limited
Kalyani Technoforge Limited
Kamadanathji Textile Private Limited
Kamadgiri Fabrics
Kamadgiri Fashion Limited
Kamakhya India Limited
Kamal Autofinance Limited
Kamal Ginning Factory
Kamal Timbers Private Limited
Kamala Board Box Pvt. Ltd.
Kamala Ginning & Oil Industries
Kamalraj Estate
Kamineni Health Services Private Limited

[ICRA]A+
[ICRA]A+
[ICRA]BB
[ICRA]BBB[ICRA]B
[ICRA]B[ICRA]BBB[ICRA]BBB[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BBB-

Stable
Stable
Stable
Stable

[ICRA]A1
[ICRA]A1+

Stable
Stable
Stable

[ICRA]A3
[ICRA]A3

Kamlesh Greencrete Pvt Ltd


Kamlesh Metacast Pvt. Ltd
Kamleshkumar Balubhai Lad
Kamman Corporation
Kamsri Printing & Packaging Private
Limited
Kanaiya Exports Private Limited
Kanakadurga Poultry Farm
Kanani Industries Ltd.
Kanani Polyfab Pvt. Ltd.
Kanchan India Limited
Kanchan Motors
Kanchan Oil Industries Limited
Kanchan Vanijya Private Limited
Kanchana Automobiles Pvt Ltd
Kanco Tea & Industries Limited
Kandalaa
Kandasamy & Co Saw Mill

[ICRA]D
[ICRA]B
[ICRA]B+
[ICRA]BB+
[ICRA]C

[ICRA]A3

Stable

Stable

[ICRA]B
[ICRA]B+

[ICRA]A4
[ICRA]A4+

[ICRA]A4
[ICRA]A4

[ICRA]B+
[ICRA]BB+
[ICRA]BB
[ICRA]B
[ICRA]BB[ICRA]BBB
[ICRA]B+

Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A4

Company Name

Long Term

Short Term

Kandhari Beverages Private Limited


Kandukuri Industries (P) Ltd.
Kanha Grain Process
Kanha Makhan Charitable Society
Kanhha Cables Private Limited
Kanin India Limited
Kanishk Metal Recycling Private Limited

[ICRA]A
[ICRA]B+
[ICRA]B+
[ICRA]BB+
^
[ICRA]BBB[ICRA]BB-

Stable

Kanishk Metalloys
Kanishk Steel Industries Limited
Kansara Forge & Wires Private Limited
Kanti Floor Furnishers
Kanu Krishna Corporation
Kanwarji Construction Co.
Kap Cones Private Limited
Kapiraj Creation Private Limited
Kapoor Industries
Kapoor Oil Industries
Kapotex Industries Private Limited.
Kaprisa International Pvt. Ltd.
Kapsons Engineers Private Limited
Kar Mobiles Limited
Karamtara Engineering Pvt Ltd
Karan Development Services Private
Limited
Karan Polypack Ltd
Karan Rice Exports Private Limited
Karan Synthetic India Pvt Ltd
Kare Power Resources Private Limited
Karikali Amman Spinning Mills Private
Limited
Karkala Education and Charitable Trust
Karle Homes Private Limited
Karlo Automobiles Private Limited
Karna International
Karnataka Education Society
Karnataka Handloom Development
Corporation Limited, The
Karnataka Power Corp. Ltd
Karnataka Roadlines Private Limited
Karnataka Water and Sanitation Pooled
Fund
Karnataka Water and Sanitation Pooled
Fund
Karolia Lighting Private Limited
Karpasa Export Private Limited
Kartekya Wines
Kartikey Resorts and Hospitality Private
Limited
Kartya Constructions Pvt. Ltd.
Karun Rice & General Mills
Karvy Financial Services Limited
Karvy Stock Broking Limited
Karvy Therapeutics Private Limited

[ICRA]BB[ICRA]BBB[ICRA]B+
[ICRA]BB

Stable
Negative

[ICRA]BB+
[ICRA]BB
[ICRA]BB[ICRA]A
[ICRA]B
[ICRA]BB

Positive
Stable
Stable
Stable

[ICRA]BB
*
[ICRA]A[ICRA]B

Stable
Stable

*
[ICRA]A1
[ICRA]A4

[ICRA]BBB(SO)
[ICRA]B+
[ICRA]BBB(SO)
[ICRA]BB[ICRA]B

Stable

[ICRA]A3+(SO)

Stable
Stable

[ICRA]A3+(SO)

[ICRA]B
[ICRA]BB
[ICRA]B+
[ICRA]BB[ICRA]A[ICRA]BB+
[ICRA]BBB+
[ICRA]BB+
[ICRA]A+(SO)

[ICRA]A1
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

Stable

Stable

^
[ICRA]A3
[ICRA]A4

[ICRA]A3
[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A4+
[ICRA]A4+
[ICRA]A4
[ICRA]A2+
[ICRA]A4
[ICRA]A4

[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A2+
[ICRA]A4+

Stable

[ICRA]A4
[ICRA]A4

[ICRA]A+(SO)!
[ICRA]BB[ICRA]B
[ICRA]BBB[ICRA]B[ICRA]B+
[ICRA]B
[ICRA]A+(SO)
[ICRA]A+
[ICRA]B+

Stable

[ICRA]A4
Stable
Stable
[ICRA]A4

Company Name

Long Term

Short Term

Kashmira Trader
Kashvi International Private Limited
Kashvi Power and Steel Private Limited
Kashyap Constructions Private Limited
Kasim Coal and Logistics Private Limited

[ICRA]BB
^
^
[ICRA]B+
[ICRA]B-

Stable

Kataria Automobiles Limited


Kathpal Solvex Private Limited
Katira Construction Limited
Katti- Ma Exports Private Limited
Katyayini Paper Mills Private Limited
Kaulgud Constructions Private Limited
Kaushambi Paper Mills (P) Ltd.
Kautilya Industries Private Limited
Kavan Cotton Private Limited
Kavcon Engineers Private Limited
Kaveri Cotex Pvt. Ltd
Kaveri Ginning Mills Private Limited
Kaveri Plasto Containers Private Limited

[ICRA]BBB[ICRA]B[ICRA]BBB+
[ICRA]BB
[ICRA]BB
^
[ICRA]B
[ICRA]BBB[ICRA]B+
[ICRA]D
[ICRA]B
[ICRA]B+
[ICRA]B

Stable

Kaveri Silks and Jute Private Limited


Kavi Commercial Company Limited
Kavita Exim Private Limited
Kawarlal and Company
Kay Bouvet Engineering Private Limited
Kayathri Consultants Private Limited
Kaycee Polymers Pvt. Ltd.
Kaynes Technology India Private Limited

[ICRA]B+
[ICRA]BBB
[ICRA]B
[ICRA]B+
[ICRA]BB+

Kaytee Corporation Private Limited


KB Ispat Pvt. Ltd.
KBC Infrastructures Private Limited
KBJ Jewel Industry India Private Limited
KBK Chem Engg Pvt Ltd
KBR Agro Industries
KBSH Private Limited
KCP Projects Limited
KEC International Limited
Kedar Metals Private Limited
Kedia Lumbers
Keerthi Service Station
Kejriwal Castings Limited
Keltech Energies Limited
Keltron Component Complex Limited
Kemco Corporation
Kems Services Private Limited
Kemwell Biopharma Private Limited
Ken Enterprises Private Limited
Kences Constructions Pvt. Ltd.
Kent Chemicals Pvt Ltd
Kenzo International
Kepra Industries
Kerala Fashion Jewellery
Kerala Fashion Jewellery (Firm)

[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]D
[ICRA]BB(SO)
[ICRA]B
[ICRA]B
[ICRA]BB+*
[ICRA]A+
[ICRA]BB
[ICRA]BB[ICRA]BB+
[ICRA]BB+
[ICRA]BBB+
[ICRA]C
[ICRA]BB[ICRA]B
[ICRA]BBB[ICRA]BB
[ICRA]BB
[ICRA]BB[ICRA]BBB
[ICRA]BB[ICRA]BB
[ICRA]BB

[ICRA]B+
[ICRA]BBB

^
^
[ICRA]A4
[ICRA]A4

Stable
Stable
Negative

[ICRA]A3
[ICRA]A4
[ICRA]A2
[ICRA]A4+
[ICRA]A4
^
[ICRA]A4

Stable
[ICRA]D

Stable

Stable

Stable

[ICRA]A4
[ICRA]A3+
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A4
[ICRA]A4

Negative

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]D
[ICRA]A4(SO)

[ICRA]A1
[ICRA]A4+
[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4+
[ICRA]A4
[ICRA]A2
[ICRA]A4

Company Name

Long Term

Short Term

Kerala Nut Food Company


Kerala State Electronics Development
Corporation Limited
Kesar Impex
Keshar Safety Glass
Keshav Madhav Agro Enterprises Private
Limited
Keshri Export
Keventer Agro Limited
Kevin Enterprises Private Limited
Keystone Lifespaces Pvt. Ltd.
KFJ Gold & Diamonds Private Limited
KG Foundations (P) Limited
Kgeyes Residency Private Limited
KGI Clothing Private Limited
KGS Engineering Limited
KH Exports India Pvt Ltd
Khadim India Limited
Khaitan Electronics
Khandesh Roller Flour Mills Private Limited

[ICRA]BBB[ICRA]BB+

Stable
Stable

[ICRA]BBB[ICRA]BB+
[ICRA]BBB[ICRA]BB[ICRA]BB
[ICRA]BB[ICRA]BBB[ICRA]BB+
[ICRA]B+
[ICRA]BBB+
[ICRA]BBB+
[ICRA]BB[ICRA]BB+

Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable

Khandke Wind Energy Private Limited


Khanna Industrial Pipes Private Limited
Khatu Shyam Ji Tollways Private Limited

[ICRA]BBB
[ICRA]BBB[ICRA]BBB-

Positive
Negative
Stable

[ICRA]A3

Khatushyam Processors (P) Limited


Khaya Solar Projects Private Limited
KHED Economic Infrastructure Pvt Ltd
Khedut Decor Private Limited
Khedut Feeds & Foods Private Limited
Khedut Solvexp Private Limited
Kherani Paper Mills Pvt. Ltd.
Khodashi Power Private Limited
Khosla Agro Overseas
Khosla Engineering Private Limited
Khosla International
KHT Agencies Private Limited
Kijalk Infrastructure Private Limited
Kikani Exports Pvt Ltd
Kilburn Engineering Limited
Kimiya Engineers Private Limited
Kimplas Piping Systems Limited
King Ice Plant
Kinsey Knitt International
Kiran Gems Private Limited
Kiran Infra Engineers Limited
Kiran Infra Ispat Limited
Kiran Udyog Private Limited
Kiratpur Ner Chowk Expressway Limited

[ICRA]BB[ICRA]C+
[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BBB[ICRA]D
[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]B

Stable

[ICRA]A4

[ICRA]BB+
[ICRA]BB+
[ICRA]B+
[ICRA]BB+
[ICRA]B
[ICRA]A+
[ICRA]BB
[ICRA]BB[ICRA]BB+
[ICRA]BBB

Stable
Stable

Kirloskar Ferrous Industries Limited


Kirtilal M Shah
Kirtiman Agrogenetics Limited

[ICRA]AA[ICRA]BB[ICRA]BB

Stable
Stable
Stable

[ICRA]B
[ICRA]D
[ICRA]B

[ICRA]A3
[ICRA]A4+

[ICRA]D

Stable
Stable
Stable
Stable

[ICRA]A3
[ICRA]A4+
[ICRA]A3

[ICRA]A4+
[ICRA]A4
[ICRA]A2
[ICRA]A2
[ICRA]A4

Stable

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A3

Stable
[ICRA]A4
Stable

[ICRA]A4
[ICRA]A4+

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A1
[ICRA]A4
[ICRA]A4
[ICRA]A4+

[ICRA]A1+
[ICRA]A4

Company Name

Long Term

Kirtiman Cements and Packaging Industries


Limited
Kisan Moulding Limited
Kish Exports Limited
Kishan Agro Product
Kishan Autoparts Private Limited
Kishan Cotton Ginning & Pressing Factory

[ICRA]B

Kishan Ginning & Pressing Factory


Kishan Gum Industries
Kishori Mercantiles Private Limited
Kissan Rice Mill
Kitex Childrenswear Limited
Kitex Garments Limited
Kiwi Wines and Beverages Pvt. Ltd.
KKM Soft Private Limited
KKRao Engineering works Private Limited

[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]AA[ICRA]AA[ICRA]BB
[ICRA]BB
[ICRA]BB

^
[ICRA]B
[ICRA]BB[ICRA]BBB[ICRA]B+

Short Term

Stable
Stable

[ICRA]A4
Stable
Stable
Stable
Stable
Stable

KLR Industries Limited


[ICRA]C
Klystron Electronics Private Limited
[ICRA]BB
KM Toll Road Private Limited
[ICRA]BBB
KNK Nexgen Constructions Private Limited [ICRA]BBB-

Stable
Stable
Stable

KNR Contractors Private Limited


[ICRA]B
Kobe Suspension Company Private Limited [ICRA]BB-

Stable

Kochar Infotech Private Limited


Kogta International Private Limited
Kohinoor Carpets
Kohinoor CTNL Infrastructure Company Pvt
Ltd
Kohinoor Education Trust
Kohinoor Elite Hotels Pvt. Ltd
Kohinoor Feeds & Fats Limited
Kohinoor Hospitals Private Limited
Kohinoor Planet Constructions Pvt Ltd
Kohinoor Refined Flour Mills Private Limited

[ICRA]BB
[ICRA]D
[ICRA]B+
[ICRA]D

Kohinoor Technologies Pvt Ltd


Kohli Industries
Kokal Interior Contracts Private Limited
Kolar Paper Mills Limited
Komal Foods Private Ltd.
Konagalla Satyanarayana & Others
Konark Structural Engineers Private Limited

[ICRA]D
[ICRA]BB[ICRA]BBB[ICRA]D
[ICRA]A[ICRA]B+
[ICRA]BB+

Kongovi Electronics Private Limited


Koomber Tea Company Pvt. Ltd.
Kopell Grounding Systems Private Limited

[ICRA]BBB
[ICRA]A+

Koppal Green Power Limited


Kotahwalas Export Private Limited
Kotak Commodities Services Limited
Kotak Mahindra Prime Limited

[ICRA]B+
[ICRA]B-

[ICRA]B[ICRA]D
[ICRA]BB
[ICRA]B[ICRA]D
[ICRA]BB-

[ICRA]AAA

^
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4

[ICRA]A1+
[ICRA]A1+

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3

[ICRA]A4

Stable
[ICRA]D

[ICRA]A4
[ICRA]D
Stable
[ICRA]D
Stable

Stable
Stable

[ICRA]A4
[ICRA]A3

Stable

[ICRA]A2+

Stable
Positive
Stable

[ICRA]A3+
[ICRA]A1+
[ICRA]A4

[ICRA]A4
[ICRA]A1+
Stable

Company Name

Long Term

Short Term

Kotak Urja Pvt. Ltd.


Kotalipara Development Society
Kotarki Constructions Private Limited
Kothari Auto Link Private Limited
Kothari Cars Private Limited
Kothari Fermentation and Biochem Limited

[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]BB
[ICRA]BBB
[ICRA]BB

[ICRA]A4

Kothari Petrochemicals Limited


Kothari Sugars and Chemicals Limited
Kovai Maruthi Papers & Boards (P) Ltd.
KP Polyolefin Sacks Private Limited
K-Pack Systems Private Limited
KPR Constructions
KPR Industries (India) Limited
Kraft Land (India)
Kranthi Edifice Private Limited
Kranti Cotton and Oil Industries
KRBL Limited
Kredence Multi Trading Limited (KMTL)
Kridhan Infra Limited
Krifor Industries Private Limited
Krishak Bharati Cooperative Limited
Krishan Kumar & Company
Krishi Infratech
Krishna Antioxidants Private Limited
Krishna Construction
Krishna Construction Co.
Krishna Cottex Industries
Krishna Cotton
Krishna Cotton (Tankara)
Krishna Electrical Industries Limited
Krishna Fashion
Krishna Food Processing
Krishna Gems
Krishna Ginning Pressing and Oil Industries

[ICRA]A[ICRA]BBB[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]BB
[ICRA]B
[ICRA]AA-

Krishna Infrastructure
Krishna Maruti Limited
Krishna Natural Fibre Private Limited
Krishna Polypacks Private Limited
Krishna Poultry Tex Mill India Private
Limited
Krishna Tuff Private Limited
Krishnae Infrastructure Private Limited
Krishnaganga Spinning Mills Private
Limited
Krishnan Food Processors
KRK Power Private Limited
KRN Alloys Private Limited
Kross Manufacturers (I) Private Limited
Krupa Trading Company
Krushi Infras India Private Limited

[ICRA]D
[ICRA]A+
[ICRA]B+
[ICRA]BB+
[ICRA]BB-

[ICRA]D
[ICRA]B
[ICRA]AA
[ICRA]B+
[ICRA]BB[ICRA]BBB
[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]BB[ICRA]B

[ICRA]B
[ICRA]BBB[ICRA]BB[ICRA]BBB[ICRA]BB
[ICRA]B^
[ICRA]BB+
[ICRA]BB

Stable
Stable
Stable
Stable
Negative
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A2+
[ICRA]A3
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4

Stable
Stable

Stable
Stable
Positive

[ICRA]A1+
[ICRA]A3
[ICRA]D
[ICRA]A4
[ICRA]A1+

Stable

[ICRA]A4
[ICRA]A3+
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A4

[ICRA]D
Stable
Stable
Stable

[ICRA]A4+

Stable
Stable

[ICRA]A3
[ICRA]A4

Stable
Stable

[ICRA]A3
[ICRA]A4
^

Stable
Stable

Company Name

Long Term

Short Term

Krushna Godavari Khate, Bi-Biyane


Utpadan Va Vikri Sahakari Sanstha Ltd.

[ICRA]BB-

Stable

Krushna Industries
Krystal Integrated Services Private Limited

[ICRA]B+
[ICRA]BBB-

Stable

[ICRA]A3

Stable

[ICRA]A4+

[ICRA]B
[ICRA]BB[ICRA]AA
[ICRA]BB

Stable
Stable
Negative

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A1+
[ICRA]A4

KSK Mineral Resources Private Limited


KSS Abhishek Safety Systems Private
Limited
KTC Threads LLP
Kuber Foods
Kudu Knit Process Pvt Ltd
Kufri Fun Campus Private Limited
Kuldeep Singh Sukhvinder Singh & Others

[ICRA]BB
[ICRA]BB+

Negative
Stable

[ICRA]A4+

Kuldevi Cotton Industries


Kulkarni & Sahu Buildcon Private Limited

[ICRA]B
[ICRA]BB

Stable

[ICRA]A4

Kuloday Technopack Private Limited


Kumaon Entertainment and Hospitalities
Private Limited
Kumar Motor Corporation Pvt Ltd
Kumaragiri Electronics Limited
Kumaragiri Textiles Limited
Kunal Structure (India) Private Limited
Kundu Hatcheries Private Limited
Kunnel Engineers & Contractors (P) Ltd

[ICRA]BB[ICRA]BBB-

Stable
Stable

[ICRA]A4

Kupidisaatham Narayanaswami
Educational Trust
Kurlon Enterprise Limited
Kurlon Limited
Kurseong Carriers Private Limited
Kush Synthetics Private Limited
Kushal Bagh Marble Pvt Ltd
Kusum Metals Private Limited
Kutch Cotton Industries
KVJ Builders and Developers Private
Limited
KVK Granites
KVR Projects Private Limited
KVS Spinning Mills Private Limited
KVTEK Power Systems Private Limited
Kwality Animal Feeds Private Limited
Kwality Township Pvt. Ltd.
Kyungshin Industrial Motherson Ltd

[ICRA]BBB-

Stable

[ICRA]BBB
[ICRA]BBB
[ICRA]D
[ICRA]BB
[ICRA]B[ICRA]B+
^
[ICRA]B+

Stable
Stable

Krystal Steel Manufacturing Private Limited [ICRA]BB


KS Impex Limited
KS Softnet Solutions Pvt. Ltd.
KSA Powerinfra Private Limited
KSB Pumps Limited
KSK Mahanadi Power Company Limited

[ICRA]B
[ICRA]B
[ICRA]BB
[ICRA]D
[ICRA]BBB-

[ICRA]B
[ICRA]B
[ICRA]C+
[ICRA]A[ICRA]C+
[ICRA]BB+

[ICRA]B[ICRA]BB
[ICRA]B[ICRA]BB
[ICRA]BBB[ICRA]B+
[ICRA]AA-

[ICRA]A4
Stable

[ICRA]A4+

Stable

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2+

Stable

[ICRA]A4+

Negative

Stable
Stable
Stable
Stable

[ICRA]A3+
[ICRA]A3+
[ICRA]D
[ICRA]A4
[ICRA]A4
[ICRA]A4
^
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]A1+

Company Name

Long Term

Short Term

L & T Chennai Tada Tollway Private


Limited
L & T Halol-Shamlaji Tollway Private
Limited
L & T Housing Finance Limited
L & T Infrastructure Finance Ltd
L & T Krishnagiri Thopur Toll Road Limited

[ICRA]D

[ICRA]AA+
[ICRA]AA+
[ICRA]A+

Stable
Stable
Stable

[ICRA]A1+

L & T Valves Limited


L G Balakrishnan & Bros Limited
L H Sugar Factories Limited
L&T BPP Tollway Private Limited
L&T Devihalli Hassan Tollway Limited
L&T Infrastructure Development Projects
Limited
L&T Krishnagiri Walajahpet Tollway Pvt.
Ltd.
L&T Sambalpur-Rourkela Tollway Limited

[ICRA]AA
[ICRA]AA[ICRA]BBB+
[ICRA]BBB
[ICRA]BBB+
[ICRA]AA

Stable
Stable
Negative
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1+
[ICRA]A2+

[ICRA]BBB

Stable

[ICRA]BBB

Stable

L&T Shipbuilding Limited


L&T Transportation Infrastructure Limited

[ICRA]AAA(SO)
[ICRA]AA

(Stable)
stable

L&T Vadodara Bharuch Tollway Limited


L&T Vadodara Bharuch Tollway Limited
L&T Western Andhra Tollways Private Ltd

[ICRA]A(SO)
[ICRA]AA(SO)
[ICRA]A+

stable

L&T-Sargent & Lundy Limited


L.B. Polymers Private Limited
L.M. Foods
L.S.Mills Limited
L7H Life Resources Private Limited
La Gajjar Machineries Pvt. Ltd.
Laborate Pharmaceuticals India Limited
Laffans Granito Private Limited
Lahmeyer International India Pvt Ltd.
Lahoti Overseas Ltd.
Lakhani & Desai Developers
Lakhotia Transport Co. Pvt. Ltd.
Lakshmanan Isola Private Limited
Lakshmi Car Zone Private Limited
Lakshmi Cot-Gin Private Limited
Lakshmi Enterprises
Lakshmi Finance
Lakshmi Ganapathi Rice Industries
Lakshmi Ganapathi Rice Mill
Lakshmi Life Sciences Limited
Lakshmi Sai Delinters
Lakshmi Sugar Mills Co Ltd
Lakshmi Venkata Sai Rice Industries
Lakshmidurga Textiles Private Limited
Lakshmivel Mills Private Limited
Lakshya Dairy Private Limited
Lal Baba Seamless Tubes Private Limited

[ICRA]AA[ICRA]B+
[ICRA]B[ICRA]BBB[ICRA]B[ICRA]BBB
[ICRA]A[ICRA]B+
[ICRA]A
[ICRA]BBB
[ICRA]B+
[ICRA]BB+
[ICRA]B[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]B+
[ICRA]BB[ICRA]BBB+
[ICRA]BB[ICRA]D
[ICRA]B[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]D

[ICRA]D

Stable

[ICRA]A1+
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A3+
[ICRA]A2+
[ICRA]A4
[ICRA]A1
[ICRA]A3+
[ICRA]A4+
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A2+
[ICRA]A4
[ICRA]D

Stable

[ICRA]A4

Company Name

Long Term

Short Term

Lala Munni Lal Mange Ram Charitable


Trust
Lalbhai Industries Private Limited
Lalitpur Power Generation Co. LTd
Lamb Ceramics Private Limited
Lamco Industries Private Limited
Lampex Electronics Limited
Lanco Solar Energy Private Limited
Lanco Solar Private Limited
Landcraft Developers Private Limited
Landis +Gyr Limited
Landis +Gyr Limited
Landmark Veneers Private Limited
Langleigh Tea and Enterprises Private
Limited
Lantech Pharmaceuticals Limited
Lapp India Private Limited
Lapp india Pvt. Ltd.
Lasa Cera Private Limited
Lasco Lifestyle Ltd.
Laser Fibers Private Limited
Late Shri Vishnu Waman Thakur Charitable
Trust
Lavis Signature Panel Pvt. Ltd.
Lavu Educational Society
Laxmi Balaji Industries
Laxmi Cotton
Laxmi Exports
Laxmi Grits Private Limited
Laxmi Industries
Laxmi Industries (Bhavnagar)
Laxmi Memorial Education Trust
Laxmi Oil & Vanaspati Pvt. Ltd.
Laxmi Rice Mills
Laxmi Technical Textile Private Limited
Laxmi Transmission
Laxmikant Cotton
LB Cotton Industries LLP
LE Marble Gallery Pvt. Ltd.
LEA Associates South Asia Private Limited

[ICRA]BBB-

Stable

[ICRA]BB+
[ICRA]BBB[ICRA]B
[ICRA]BB+
[ICRA]BB
[ICRA]D
[ICRA]D
[ICRA]BB
[ICRA]AAA(SO)
[ICRA]BBB
[ICRA]BB[ICRA]D

Stable
Stable

[ICRA]BB[ICRA]A[ICRA]A[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]BBB-

Stable
Stable
Stable

Leela Gold Designs Limited


Leela Ship Recycling Pvt. Ltd.
Legacy Foods Private Limietd
Legend Ceramic Private Limited
Leisure Wear Exports Limited
Lekh Raj and Sons
Lemon Tree Hotels Private Limited
Leo Muthu Educational Trust
Leonard Exports
Lexo Ceramic
Lexona Ceramic
Lexus Granito (India) Private Limited
Lexus Motors Limited

[ICRA]B[ICRA]BB
[ICRA]BBB+
[ICRA]B
[ICRA]C
[ICRA]B+
[ICRA]BBB+
[ICRA]BBB[ICRA]BB[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]B+

[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]B+

[ICRA]A4
Stable
Stable

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]D

[ICRA]A1+(SO)
[ICRA]A3+
[ICRA]A4
[ICRA]D
[ICRA]A4
[ICRA]A2+
[ICRA]A2+
[ICRA]A4

Stable
[ICRA]A4
Stable
[ICRA]A4
Stable

[ICRA]A4
[ICRA]B
[ICRA]BB
^
[ICRA]BB+
[ICRA]BBB[ICRA]B
[ICRA]BB+
[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]A+

Stable
^
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A1

Stable
Stable

[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable
Stable

[ICRA]A2
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

Company Name

LGB Forge Limited


Liberty Frozen Foods Private Limited
Liberty Shoes Limited
Life Care Education Society
Life Sight Surgicals Private Limited
Lifespring Hospitals Private Limited
Lila Dhar Devki Nandan
Lila Hospitals Private Limited
Lila Polymers Private Limited
Lily Hotels Private Limited
Limbavali Power Private Limited
Limbuguri Tea Estate Private Limited
Limitorque India Limited
Limtex Agri Udyog Limited
Limtex India Limited
Lincoln Parenteral Limited
Lincoln Pharmaceuticals Limited
Link Enterprises
Link Enterprises
Link Up Textiles Limited
Litecon Industries Private Limited
Livanto Ceramic Private Limited
Livingstones
Livingstones Jewellery Private Limited
Livtar Singh Bajaj and Company
Liya Infratech Private Limited
LJ-Victoria Properties Private Limited
Lloyd Insulation India Limited
Lloyds Line Pipes Limited
LM Wind Power Blades (India) Private
Limited
LMJ Intenational Limited
LMJ Overseas Limited
LNJ Power Ventures Limited
Locksmiths Industries Private Limited
Lodhi Property Company Limited
LOF Constructions
Lohiya Developers
Lok Enterprises
Lok Raj Saini Infra-Tech Pvt. Ltd.
Lolark Polytex Private Limited
Lords Mark Industries Pvt. Ltd
Lorvin Industries Limited
Lot Mobiles Private Limited
Lovato Ceramic Private Limited
Lovelock & Lewes
Loxim Industries Limited
LRC Abarana Maaligai
LT Foods Limited
Lubi Industries LLP
Lucent Cleanenergy Private Limited
Lucknow Sitapur Expressway Limited
Lucky Exports

Long Term

Short Term

[ICRA]AA-(SO)
[ICRA]BB+
[ICRA]BBB+
[ICRA]BB+
[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]D
[ICRA]BB
[ICRA]D
[ICRA]BBB-(SO)
[ICRA]BBB
[ICRA]B+
[ICRA]BB+
[ICRA]BB+
[ICRA]BBB
[ICRA]A[ICRA]B+

Stable
Stable
Stable
Stable
Stable

[ICRA]A1+(SO)
[ICRA]A4+
[ICRA]A2+
[ICRA]A4+
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A3+
[ICRA]A2+

[ICRA]BB+
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]BBB(SO)
[ICRA]A[ICRA]A(SO)
^

Stable

[ICRA]A4
[ICRA]A4+

Stable

[ICRA]A4

Stable
Stable
Negative
Stable

[ICRA]A4

[ICRA]BBB
[ICRA]BB+
[ICRA]BBB+
[ICRA]B[ICRA]A(SO)
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]BB[ICRA]B+
[ICRA]B[ICRA]BB+
[ICRA]B+
[ICRA]AA[ICRA]BB+
[ICRA]B+
[ICRA]BBB
[ICRA]A
[ICRA]D
[ICRA]BB

Stable
Stable
Stable

[ICRA]A3+
[ICRA]A4+

[ICRA]A4
Stable

[ICRA]A4+

Negative
Stable

[ICRA]A2+
[ICRA]A1(SO)
^

[ICRA]A4
Negative
[ICRA]A4
[ICRA]A4
[ICRA]D
Stable
[ICRA]A4
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A4+
[ICRA]A3+
[ICRA]A1
[ICRA]D

Stable
[ICRA]A4+

Company Name

Long Term

Short Term

Lucky Lark Integrated Textiles and Garment


Hightech Cluster Welfare
Lucky Ply & Laminates
Lucky Steel Industries (Ship Breaking
Division)
Lucky Yarn Tex India Limited
Lumax Industries Limited
Lupin Limited
Luxmi Rice Mill
Luxmi Rice Mills
Luxmi Tea Company Limited
LV Enterprises Private Limited
Lypsa Gems and Jewellery Limited
M and B Switchgears Limited
M B Patil Construction Limited
M D India Healthcare Services (TPA)
Private Limited
M Ganesh
M L Rice Mills
M M Creations
M Mahesh Shenoy
M R Steel Corporation
M S Ahuja Agro Foods Private Limited
M S Metals & Steels Pvt. Ltd.
M V Alloys
M&G Impex (I) Private Limited
M&M Equipments Private Limited
M. H. Foods
M. P. International Private Limited
M. Pallonji & Co. Private Limited
M. U. A. Arumugaperumal and Sons
M. Venkatrama Reddy
M.B. Tea & Allied Products Private Limited

[ICRA]BB+

Stable

[ICRA]BB
[ICRA]BB

Stable
Stable

[ICRA]A4
[ICRA]A4

[ICRA]BB[ICRA]A
[ICRA]AAA
[ICRA]B
[ICRA]B
[ICRA]A[ICRA]B+
[ICRA]BBB[ICRA]BB
[ICRA]BBB[ICRA]BBB-

Stable
Stable
Stable

[ICRA]A4
[ICRA]A1
[ICRA]A1+

Stable

[ICRA]A1
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A3
[ICRA]A3

M.D. Agro Foods


M.D. Cotton Industries
M.K. Aggarwal Hosiery (P) Limited
M.K. Wood India Private Limited
M.M. Brothers
M.M.Vora Automobiles Private Limited
M.P And Sons
M.P. Enterprises
M.P. Enterprises & Associates Limited
M.P. Entertainment and Developers Pvt.
Ltd
M.P.M Textiles Private Limited
M.S. Constructions
M.V. Omni Projects (India) Limited
M.V. Waghadkar & Sons Jewellers Private
Limited
M/s Aditya Auto Industries
M/s Alpha Services
M/s Ambrish Kumar Tripathi
M/s Amrut Builders

[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]BBB[ICRA]B

[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]B[ICRA]BB[ICRA]B
[ICRA]BBB+
[ICRA]B+
[ICRA]BB+
^
[ICRA]B
[ICRA]B+
[ICRA]A+
[ICRA]B+
[ICRA]BB

Stable
Stable
Stable
Stable

[ICRA]A4
Stable

[ICRA]A4

Stable

[ICRA]A4

Stable

[ICRA]A3

Stable

[ICRA]A4+
^

Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A3
[ICRA]A4

Stable

Stable

[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A3
[ICRA]A3

[ICRA]BB
[ICRA]BB[ICRA]BBB+
[ICRA]B+

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A2

[ICRA]BB[ICRA]BBB[ICRA]B
[ICRA]B+

Stable
Stable

[ICRA]A3

Company Name

M/s Antelope Ventures Private Limited


M/s Aswathy Constructions
M/s Bangalore Housing Development &
Investments
M/s Bhambra Overseas
M/s Bhansali Diamonds
M/s Champalal K Khinvasara
M/s Deep Automobiles
M/s Deep Motors
M/s Diamond Construction Company
M/s Dilipkumar V Lakhi
M/S Emco Exports
M/s Ever Bright Products
M/s Family Healthcare Hospital
M/S Frontier Logistics
M/s GMV Projects and Systems
M/s Golani Brothers
M/s Gopal Udhyog
M/s Imperial Frozen Food Products
M/s Jasani
M/s Jotindra Steel & Tubes Ltd.
M/s K.R.K Educational Trust
M/s Kabir Mall
M/s Kamla Construction
M/S Kantilal Chhotalal
M/s Laxmi Lal Patel
M/s Lucknow Medical Agencies
M/s M. S. Engineering
M/s Malti Enterprises
M/S Mangilal Agarwal
M/s Manikanta Constructions
M/s Mittal Cot Fibers
M/s Mundra Tractors
M/s N.R. Constructions
M/s Neha Enterprises
M/s Neurogen Brain and Spine Institute
M/s Nirmala Constructions
M/s P. Prabhakaran
M/s R.R. Infraa Construction
M/s Rajvir & Co.
M/s Roshan Enterprises
M/s Samraj Constructions
M/s Sanjeev Kumar Goyal Contractors
M/s Saritha Cotton Industries
M/s Shankar Mahadev and Company
M/S Shiv Shanker Rice Mill (Karnal)
M/s SJS Motors
M/s Sunil Kumar Agrawal
M/s Syscon Engineers
M/s Theruvath Builders
M/s TRT Builders and Constructions (India)
Private Limited
M/s Unicone
M/S Vallabh Market

Long Term

[ICRA]B
[ICRA]B
[ICRA]BBB-(SO)
[ICRA]D
[ICRA]B+
[ICRA]BB
[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]A[ICRA]B[ICRA]D
[ICRA]D
[ICRA]BB+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]BB
[ICRA]BB
^
[ICRA]BB[ICRA]B[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]BB+
[ICRA]BB
[ICRA]BB[ICRA]B
[ICRA]BB[ICRA]C+

Short Term

Stable

Stable
Stable
Stable

Stable

[ICRA]A1+
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A4+

Stable
[ICRA]A4

Stable
[ICRA]A2
[ICRA]A4

Stable
Stable

[ICRA]A4+
[ICRA]A4

Stable
Stable

Stable

[ICRA]A4
^
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

Stable
Stable
Stable

Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

M/s Verma Tractors


M/s Vijay Trading Company
M/s Vikas Gems
M/s Vinayak Hatcheries
M/s Vishindas Holaram
M/sM.G.Hussain
M/s. Baldovino
M/s. Edhayam & Co.
M/S. Exotic Granite LLP
M/s. Hero Fashion
M/s. Jayalakshmi Spintex India Private
Limited
M/s. K. M. Fisheries
M/s. Krishna Kumar Singh
M/s. KSSB Hi-Tech Rice Industries
M/s. M. K. Gupta & Co.
M/s. Marbello
M/s. OM Trading Company
M/s. Palak Ferro Alloys
M/s. Pankaj C. Patel
M/s. Phoeniix
M/s. Ponmurugan Dhall Mills
M/s. R B Seth Shreeram Narsingdas
M/s. Rajlakshmi Minerals
M/s. S.K. Agarwalla
M/s. Sadanand Gupta
M/s. Sohanlal Sons
M/s. Sri Venkateswara Food Processing
Industries
M/s. Umesh & Bros. Construction
M/s. Unipel Corporation
M2 India Electric Private Limited
M3M India Private Limited
Ma Sarada Cold Storage Private Limited

[ICRA]B
[ICRA]B+

[ICRA]A4

Maa Bameswari Cold Storage Private


Limited
Maa Corp Industries Private Limited
Maa Ganga Rice Mill
Maa Gauri Poultry Private Limited
Maa Kirandevi Agro Foods (P) Ltd.
Maa Mahamaya Industries Limited
Maa Mangala Ispat Private Limited
Maa Sheetla Autowheels Private Limited

[ICRA]B

Maa Shitala Agro Private Limited


Maa Television Network Limited
Mabel Engineers Pvt Ltd
Maben Nidhi Limited
Maberest Hotels Private Limited
Mac-Chem Products (India) Private Limited

[ICRA]BB[ICRA]A+%
[ICRA]B
[ICRA]BBB[ICRA]BB
[ICRA]BB

Macguire Ceramics LLP


Machinfabrik Industries Private Limited

[ICRA]B+
[ICRA]BB-

[ICRA]A4
[ICRA]B
[ICRA]B
[ICRA]BB+
[ICRA]B

Stable

[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4+

[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]BBB+
[ICRA]BB+
[ICRA]BB[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BBB+
[ICRA]C+

[ICRA]B[ICRA]B+
[ICRA]B
^
[ICRA]D
[ICRA]D
[ICRA]BB-

[ICRA]A4
[ICRA]A4
Stable
[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A4
Stable
Stable
Stable
Stable

[ICRA]A2+
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]A4
Stable

[ICRA]A4

[ICRA]A4

Stable

^
[ICRA]D
[ICRA]D
[ICRA]A4

Stable
[ICRA]A1+%
[ICRA]A4
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

Machino Auto Comp Private Limited


Machino Polymers Limited
Mackintosh Burn Limited
Macro Polymers Private Limited
Madhav Metcast Private Limited
Madhav Oil Industries
Madhava Hytech Infrastructures (India)
Private Limited
Madhavi Edible Bran Oils (Raichur) Private
Limited
Madhucon Agra Jaipur Expressways
Limited
Madhucon Sugar and Power Industries
Limited
Madhur Engineers Private Limited
Madhusudan Garai
Madhuvan Cotton Pvt. Limited
Madhuvan Prasad Infra Private Limited
Madhya Gujarat Vij Company Limited
Madhyaranga Energy Private Limited
Madras Medical Mission
Madras Radiators and Pressings Limited

[ICRA]D
[ICRA]BBB+
[ICRA]BBB+
[ICRA]BBB[ICRA]B
[ICRA]B+
[ICRA]B+

[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]A+
[ICRA]B
[ICRA]B
[ICRA]B

Stable

Madura Microfinance Limited


Madurai Tuticorin Expressways Limited
Maestro Fashions
MAF Clothing Private Limited
Magadh Industries Private Limited
Magadh Iron Private Limited
Magadh Precision Equipments Limited
Magal Engg. Tech Private Limited
Magick Woods Exports Pvt Ltd
Magma Housing Finance (A Public
Company with Unlimited Liability)
Magna Projects Private Limited
Magnasoft Consulting India Private Limited

[ICRA]BBB
[ICRA]D
[ICRA]BB+
[ICRA]BBB[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]AA-

Stable

[ICRA]BBB[ICRA]BBB(SO)

Stable
Stable

Magneti Marelli SKH Exhaust Systems Pvt


Ltd
Magnolia Martinique Clothing Pvt. Ltd.
Magnum Industries
Magnum Traders
Magnum Ventures Limited
Magod Laser Machining Pvt Ltd
Magppie Exports Private Limited
Magus Metals Private Limited
Maha Durga Charitable Trust
Mahaameru Spinning Mills Private Limited

[ICRA]BB-

Stable

[ICRA]BB
[ICRA]BB
[ICRA]BB
[ICRA]D
[ICRA]BB+
[ICRA]BB(SO)
[ICRA]B+
[ICRA]B
[ICRA]BB-

Stable
Stable
Stable

[ICRA]A4

Stable
Stable

[ICRA]A4+

Stable

[ICRA]A4

Mahabir Industries
Mahadev Ginning Pressing Co.
Mahadev Industries
Mahadev Ship Breakers Private Limited

[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]BB

Stable

[ICRA]A4
[ICRA]A4

[ICRA]BB-

Stable
Stable
Stable

[ICRA]D
[ICRA]A2+
[ICRA]A2+
[ICRA]A3

[ICRA]A4
Stable

[ICRA]D
[ICRA]B

Stable

[ICRA]A1+
[ICRA]A4
[ICRA]A4

Stable
Stable

Stable
Stable

[ICRA]A4+
[ICRA]A3

[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]A4

Company Name

Long Term

Mahajan Overseas Private Limited


Mahajan Silk Mills Pvt. Ltd.
Mahalaxmi Associates Private Limited
Mahalaxmi Dyes & Chemicals Ltd.
Mahalaxmi India Private Limited
Mahalaxmi Technocast Limited
Mahamaya Steel Industries Limited
Mahan Plastics Pvt. Ltd.
Mahanadi Education Society
Mahanagar Gas Limited
Mahaprabhu Rice Mill Pvt. Ltd.
Maharaj Vinayak Society
Maharaja Agrasen Technical Education
Society
Maharaja Cotspin Limited
Maharaja Sathyam Industries Private
Limited
Maharaja Shree Umaid Mills Limited
Maharashtra Academy of Engineering and
Educational Research (Term Loan and
Fund Based)
Maharashtra Enviro Power Limited
Maharashtra Seamless Limited
Maharashtra Shetkari Sugar Limited
Maharashtra Theatre Private Limited
Maharishi Markandeshwar University Trust

[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]BBB
[ICRA]BB+
[ICRA]BB-

Maharshi Rice Mills Private Limited


Mahasemam Trust
Mahateja Rice Mills Private Limited
Mahati Hydro Power Projects Private
Limited
Mahati Hydro Power Projects Private
Limited
Mahatma Gandhi University of Medical
Sciences & Technology
Mahatma Gandhi Vidya Peetha Trust
Mahaveer Metal Co
Mahaveer Parboiled Rice Industries Private
Ltd
Mahavir Coal Washeries Pvt. Ltd.
Mahavir Construction Co.
Mahavir Educational Society
Mahavir Foundation for Educational
Research and Development
Mahavir Rice Mills
Mahavir Ship Breakers
Mahe Educational and Charitable NRI Trust

[ICRA]B+
[ICRA]BB+
[ICRA]B+
[ICRA]BBB-(SO)

Mahendra Roadlines Private Limited


Mahesh Agri Exim Pvt Ltd
Mahesh Ginning Private Limited
Mahesh Industries Private Limited

[ICRA]BB+
[ICRA]D
[ICRA]B+
[ICRA]BBB

Short Term

Stable
Stable
Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A4+
[ICRA]A4
[ICRA]A1+
[ICRA]A4

[ICRA]B
[ICRA]B+
[ICRA]BBB+

Stable

[ICRA]BB
[ICRA]BB-

Stable
Stable

[ICRA]A4+

[ICRA]BBB[ICRA]A

Stable
Stable

[ICRA]A3

[ICRA]BBB[ICRA]AA
[ICRA]C
[ICRA]BBB-(SO)
[ICRA]A

Stable
Stable

[ICRA]A1+

Stable
Stable
[ICRA]A4
Stable
[ICRA]A4
Stable

[ICRA]BBB-

Stable

[ICRA]BBB

Stable

[ICRA]BB+
[ICRA]B+

Stable

[ICRA]BBB[ICRA]B[ICRA]B[ICRA]D

Stable

[ICRA]B+
[ICRA]B
[ICRA]B+

[ICRA]A2
[ICRA]A4+

[ICRA]A3
[ICRA]A4

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4+

Stable

[ICRA]A3+

Company Name

Long Term

Short Term

Mahesh Kumar Spinning Mills Private


Limited
Mahesh Mercandise Private Limited
Mahesh Products Private Limited
Mahesh Rice Mill
Mahesh Timber Private Limited
Mahesh Wood Products Private Limited
Maheshwar Refoils Private Limited
Maheshwari Coal Benefication &
Infrastructure Private Limited
Maheshwari Logistics Private Limited
Mahi Corporation Private Limited
Mahima Fibres Private Limited
Mahima Real Estate Pvt Ltd
Mahindra & Mahindra Limited
Mahindra (Tsubaki) Conveyors Systems
Private Ltd
Mahindra Auto Steel Private Limited
Mahindra Heavy Engines Private Limited

[ICRA]D

[ICRA]D

Mahindra Intertrade Limited


Mahindra Logistics Limited
Mahindra Shubhlab Services Ltd
Mahindra Sona Limited
Mahindra Steel Service Centre Limited
Mahindra Vehicle Manufacturers Limited

[ICRA]BB+
[ICRA]B
[ICRA]B
[ICRA]BBB
[ICRA]B
[ICRA]B+
[ICRA]B

Stable

[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A3+

[ICRA]BBB+
[ICRA]B+
[ICRA]BBB[ICRA]BBB
[ICRA]AAA
[ICRA]A+

Stable

[ICRA]A2+

Stable
Stable
Stable
Stable

[ICRA]A3

[ICRA]A
[ICRA]AA

Stable
Stable

[ICRA]A1
[ICRA]A1+

[ICRA]AA+
[ICRA]AA
[ICRA]A[ICRA]A+
[ICRA]A+
[ICRA]AAA

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A1+

Mahrishi Alloys pvt ltd


[ICRA]BBMail Order Solutions (India) Private Limited [ICRA]BBB

Stable
Stable

[ICRA]A4

Mailam Subramaniya Swami Educational


Trust
Maini Group of Educational Society
Maini Precision Products Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]A-

Stable

[ICRA]A2+

Majesco Software & Solutions India Private


Limited
Majestic Auto Limited
MAK Constructions
Malani Construction Company
Malankara Plantations Limited
Malar Paper Mills Pvt. Ltd.
Malati Founders Private Limited
Malhar Fashions (I) Private Limited
Malhotra Book Depot
Malhotra Constructions (P) Limited
Malik Cars Private Limited
Malik Lifesciences Private Limited
Mallikarjuna Parboiled Binny Rice Mill
Malnad Areca Marketing Co-operative
Society Limited
Malwa Agro Foods Private Limited
Malwa Automobiles Private Limited
Malwa Automotives Private Limited

[ICRA]A-

Stable

[ICRA]A2+

[ICRA]BBB
[ICRA]B+
[ICRA]BB+
[ICRA]BB+
[ICRA]B+
[ICRA]BB+
[ICRA]B
[ICRA]BBB[ICRA]B
[ICRA]BB+
[ICRA]A+(SO)
[ICRA]B+
[ICRA]BB+

Stable

[ICRA]A2

Stable
Stable

[ICRA]A4+

[ICRA]BB+
[ICRA]B+
[ICRA]B+

Stable

[ICRA]A4

Stable

[ICRA]A1+
[ICRA]A1+

[ICRA]A1+
[ICRA]A1+

[ICRA]A4
[ICRA]A4+
[ICRA]A4

Stable
[ICRA]A4
Stable
Stable
[ICRA]A4
Stable

Company Name

Long Term

Short Term

Manaksia Aluminium Company Limited


Manaksia Coated Metals & Industries
Limited
Manaksia Industries Limited
Manaksia Steels Limited
Manappuram Finance Limited
Manappuram Health Care Limited
Manappuram Jewellers Private Limited
Manasa Motors Private Limited
Manasa Rice Industry
Manav Gems
Manbhum Ispat Private Limited
Manda Developers & Builders Private
Limited
Mandalia Overseas Corporation
Mandava Cotton Mills Pvt. Ltd.
Mandeep Industries
Mandona Hyundai (A unit of Bimala
Automobile Private Limited)
Mandovi Casting Private Limited
Mandovi Drydocks
Mangal & Mangal
Mangal Sponge and Steel Private Limited

[ICRA]A
[ICRA]A

Stable
Stable

[ICRA]A1
[ICRA]A1

[ICRA]A
[ICRA]A
[ICRA]A+
[ICRA]BB
[ICRA]BBB
[ICRA]B
[ICRA]B+

Stable
Stable
Stable
Stable
Stable

[ICRA]A1
[ICRA]A1
[ICRA]A1+

[ICRA]BBB[ICRA]BB-

Stable
Stable

Mangalagiri Textile Mills Pvt. Ltd.


Mangalam Metals & Ores Limited
Mangaldas Venichand
Mangaldeep Cold Storage
Mangaldeep Cotton Industries
Mangalmurti Bio-Chem Private Limited
Mangalore Cashew Industries
Mangalore Electricity Supply Company
Limited
Mangalore Fish Meal & Oil Company
Mangalore Ganesh Beedi Works
Mangalore Refinery and Petrochemicals
Limited
Mangalore Sea Products
Mangalore SEZ Limited
Mange Ram Educational & Charitable Trust

[ICRA]D
[ICRA]B[ICRA]BB[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]BB
[ICRA]BBB+

Mangla Sons
Manglam Cotton Industries
Manglam Multiplex Limited
Manglam Vardhman Developers LLP
Manidhara Realty
Manikanta Cotton Agro Industries
Manila Resorts Private Limited
Manipal Academy of Higher Educaton
Manipal Acunova Ltd
Manipal Global Education Services Ltd
Manipal Health Systems Pvt. Ltd.
Manipal University Jaipur
Manish Agro-Tech Limited

[ICRA]BB+
[ICRA]B
[ICRA]BBB[ICRA]BB
[ICRA]BB[ICRA]B[ICRA]D
[ICRA]AA
[ICRA]BB
[ICRA]BBB+
[ICRA]BBB
[ICRA]BBB
[ICRA]BB

[ICRA]B
[ICRA]D
[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]BB
[ICRA]BBB
[ICRA]BB-

[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]D

Stable

[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A2

[ICRA]B
[ICRA]BBB
[ICRA]AAA

Stable
Stable

[ICRA]A3+
[ICRA]A1+

[ICRA]B+
[ICRA]A[ICRA]BB

Stable
Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A4

[ICRA]A4

Company Name

Long Term

Manisha Construction
Manisha Jeweltech Private Limited
Manisha Packaging
Manishri Refractories & Ceramics Pvt. Ltd.

[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]B

Manjeera Constructions Limited


Manjeera Projects
Manjeera Retail Holdings Private Limited

[ICRA]B[ICRA]BB[ICRA]D

Manjeet Cotton Private Limited


Manju Shree Syntex Private Limited
Manjushree Tea & India Private Limited
Manmatha Nath Kundu & Sons
Manmeet Alloys Private Limited
Manmohan Ginning Industries
Mann Mediciti Wellness Centre Private
Limited
Manoj Trading Co.
Manoj Vaibhav Jewellers Pvt Ltd.
Mansa Devi Rice Mills
Mantra Packaging Pvt. Ltd.
Mantram Technofab Private Limited
Mantri Developers Private Ltd
Mantri Metallics Private Limited
Manu Impex Private limited
Manyata Promoters Pvt Ltd
MAP Cotton Pvt. Ltd.
MAP Limited
Maples Great Day Foods Private Limited

[ICRA]BBB[ICRA] B+
[ICRA]B[ICRA]BB[ICRA]B[ICRA]B+
[ICRA]D

Marc Laboratories Limited


Marda Estates Private Limited
Margadarsi Marketing Private Limited
Marian Projects Private Limited
Marine Electricals (India) Private Limited

[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BBB[ICRA]C
[ICRA]B+
*
[ICRA]B+
[ICRA]B
[ICRA]BBB-

Short Term

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

Stable

Stable

[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]A4
stable
[ICRA]A4
Stable
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A3

[ICRA]BBB[ICRA]BB+
[ICRA]BB[ICRA]B+
[ICRA]BBB+

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A2+

Marinelines Ship Breakers Private Limited

[ICRA]BB-

Stable

[ICRA]A4

Maris Hotels & Theatres Private Limited


Maris Spinners Limited
Mariya Ship Breaking Private Limited
Market-Hub Stock Broking Private Limited

[ICRA]BB+
[ICRA]BB[ICRA]BB

Stable
Stable
Stable

Marketing Rex
Markwell Spinning Private Limited
Marpol Private Limited
Martopearl Alloys Private Limited
Marudhar Fashions
Marudhara Polypack Private Limited
Maruti Bitumen Pvt Ltd
Maruti Cotton Ginning & Pressing
Maruti Ginning and Pressing Industries
Maruti Meditech Private Limited
Maruti Metal

[ICRA]BB
[ICRA]B+
[ICRA]B[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]B
^
[ICRA]B+
[ICRA]BB^

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
^

Stable

[ICRA]A4
^

Company Name

Long Term

Maruti Oil Mills


Maruti Papers Ltd.
Marvel Vinyls Limited
Marvella Corporation
MAS Financial Services Limited
MAS GMR Aero Technic Limited
MAS Rural Housing and Mortgage Finance
Limited
Mash Agro Foods Limited
Mass Cashews
Massilly India Packaging Private Limited

[ICRA]B
[ICRA]BB
[ICRA]BB
[ICRA]B+
[ICRA]A[ICRA]B+
[ICRA]A-

Massimo Enterprise
Mastek Limited
Master Capital Services Limited
Masters Aluminium India Private Limited

[ICRA]B+
[ICRA]A+&

Masu Brakes Private Limited


Mateswari Minerals
Mathiyan Constructions Private Limited
Mathura Fibres and Cotton Industries
Mathuram Swastha Evam Shikshan
Sansthan
Matoshri Laxmi Sugar Co-Generation
Industries Limited
Matrix Ceramic
Matrix Clothing Private Limited
Matrix Meditec Private Limited
Matushree Real Estate Developers Private
Limited
Maverick Properties Private Limited
Max Ceramics Private Limited
Max Infra India Limited
Max Properties Private Limited
Maxima Traders Bhopal Private Limited
Maximum Synthetics Private Limited
Maxworth Plywood Pvt. Ltd.
Mayur Enterprise
Mazda Colours Limited
Mazda Limited
MBC Infra Space Private Limited
MBD Printographics Private Limited
MBH Power Private Limited
MBM Engineering Infotech Limited
McCoy Architectural Systems Private
Limited
Mccoy Clothing Private Limited
Mcleod Russel India Limited
Mcnroe Consumer Products Private Limited

[ICRA]BBB[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B

MCS Trading Company Private Limited


MCX-SX Clearing Corp. Ltd
MD Frozen Food Exports

[ICRA]BB+
[ICRA]B+
[ICRA]BB-

Short Term

Stable
Stable

[ICRA]A4+
[ICRA]A4

Positive
*
Positive
Stable
Stable

[ICRA]A4

[ICRA]A1+&
[ICRA]A2
[ICRA]A4

[ICRA]B+
Stable

[ICRA]A3
[ICRA]A4

[ICRA]B+
[ICRA]B+
[ICRA]BBB
[ICRA]BB[ICRA]BB[ICRA]BB+(SO)
[ICRA]B
[ICRA]BBB+
[ICRA]BBB[ICRA]BB
[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]A
[ICRA]A
^
[ICRA]BB
[ICRA]BB
[ICRA]B+
[ICRA]BBB-

[ICRA]AA+
[ICRA]BBB+

Stable
Stable
Stable

[ICRA]A4
[ICRA]A3+
[ICRA]A4

Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A1
[ICRA]A1
^

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A3

Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A2
[ICRA]A4

[ICRA]AAA(SO)
[ICRA]BB-

Stable

Company Name

Long Term

Short Term

MD Frozen Food Exports Private Limited

[ICRA]BB-

Stable

Mechemco Resins Private Limited


Mecon Limited
Medall Healthcare Pvt. Ltd.
Medhassu e Solutions (India) Pvt. Ltd.
Medical Education Trust Association Surat
of Seventh Day Adventists (METAS)

[ICRA]BB+
[ICRA]A[ICRA]BBB
[ICRA]B
[ICRA]BB

Stable
Stable
Stable

Medico Remedies Private Limited


Medreich Limited
Meena Advertisers
Meenakshi Bright Steel Bars Private
Limited
Meenakshi Infrastructures Private Limited

[ICRA]B+
[ICRA]A+
[ICRA]B+
[ICRA]BB+

Meenakshi Power Private Limited


Meenar Industries Limited
Meenar Polydyed Yarns Limited
Meenaxi Exports
Meera and Company Limited
Meerut Roller Flour Mill Private Limited
Mega Bollywood Private Limited
Mega Vitrified Private Limited
Megamiles Bearing Cups Private Limited

[ICRA]BB[ICRA]B
[ICRA]BB-

Megatronic Power and Infrastructure


Private Limited
Megawin Switchgear Private Limited
Megha Agrotech Private Limited
Megha Bottling
Megha Marketing
Meghdoot Ginning & Pressing Industries
Pvt Ltd
Meghnad Saha Institute of Technology
Meh India Overseas Private Limited
Mehra Mac Industries Private Limited
Mehra Polytex Private Limited
Mehta & Associates Fire Protection
Systems Pvt Ltd
Mehta Art Press Private Limited
Mehta Brothers Gems Private Limited
Mehta Petro Refineries Ltd
Mehta Stone Export House
Mela Singh Memorial Educational Trust
Melange Systems Private Limited
Meltroll Engineering Private Limited
Merck Limited
Merck Specialities Private Limited
Meridian Extrusions Private Limited
MeritTrac Services Private Limited
Merlin Projects Limited
Meru Industries
Mesaniya Ginning and Pressing Factory

[ICRA]B-

[ICRA]A4+
[ICRA]A1
[ICRA]A4

Stable

Stable

[ICRA]A4
[ICRA]A1+

Stable

[ICRA]C

[ICRA]D
[ICRA]BB[ICRA]B[ICRA]B+
[ICRA]B-

Stable
Stable
[ICRA]A4
[ICRA]D
Stable
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]BBB+
[ICRA]BB
[ICRA]BB+
[ICRA]BB+
[ICRA]B

Stable
Stable
Stable
Stable

[ICRA]BB
[ICRA]BB
^
^
[ICRA]BB-

Stable
Stable

[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]AA
[ICRA]AA^
[ICRA]BBB+
[ICRA]BBB+
[ICRA]BBB
[ICRA]B

Stable

Stable
Stable

Stable
Stable
Negative
Stable
Stable
Stable

[ICRA]A2
[ICRA]A4

^
^
[ICRA]A4

[ICRA]A3

[ICRA]A4
[ICRA]A4
[ICRA]A1+
^
[ICRA]A2+
[ICRA]A3+

Company Name

Long Term

Short Term

MESCAB India Private Limited


Metal Alloys Corporation
Metal Coatings India Limited
Metal Engineering & Treatment Company
Private Limited
Metal Impacts Private Limited
Metal Ore
Metalex Steel Strips Private Limited
Metalfab Hightech Private Limited
Metallica Industries Limited
Metallurgical Products (India) Private
Limited
Metawood Display Systems
Metflow Cast Private Limited
Metro City Tiles Private Limited
Metro Exporters Ltd
Metro Hospital and Cancer Research
Centre
Metro Ortem Limited
Metro Tyres Limited
Metropolitan Eximchem Limited
Metroworld Tiles Private Limited
Metzeler Automotive Profiles India Private
Limited
Mewad Polymers Private Limited
Mewar Hi-Tech Engineering Ltd.
Mfar Constructions Private Limited
MG Well Solutions Project International
Private Limited
MGM Steels
MHOW Agroh Pathways Private Limited

[ICRA]BB
[ICRA]BB[ICRA]BBB[ICRA]BB+

Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A3
[ICRA]A4+

[ICRA]BB
[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]D
[ICRA]BB-

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4

Stable

[ICRA]A3
[ICRA]A4
[ICRA]A2+

Micky Metals Limited


Micon Valves (I) Private Limited
Micro Industrial Corp.
Micro Logistics (India) Private Limited
Micro Precision
Microbiological Laboratory
Micromatic Grinding Technologies Ltd
Micron Electricals
Micron Instruments Private Limited
Micropack Limited
Microtex energy Private Limited
Mid India Creations
Midas Touch Exports Private Limited
Midway Apparels India Private Limited
MIL Controls Limited
MIL Steel and Power Limited
Milan Associates
Milestones Engineering Private Limited
Milestones Switchgears Private Limited
Mili Steels Private Limited
Milkfood Limited
Millennia Infrastructure Private Limited

[ICRA]BB
[ICRA]D
[ICRA]BBB[ICRA]BB[ICRA]B+
[ICRA]BB+
[ICRA]BB

Stable

[ICRA]BBB[ICRA]BBB
[ICRA]BB
[ICRA]B+

Stable
Stable
Stable

[ICRA]B+
[ICRA]BBB[ICRA]B
[ICRA]BBB+
[ICRA]BB+

Stable
Stable

[ICRA]BBB+
[ICRA]BBB+

Stable
Stable

[ICRA]B+
[ICRA]A-

Stable

[ICRA]BB[ICRA]B
[ICRA]BB+
[ICRA]B
[ICRA]B
[ICRA]BBB-(SO)

[ICRA]AA
[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]BB[ICRA]BB
[ICRA]BB+
[ICRA]BBB

[ICRA]A2
[ICRA]A2
[ICRA]A2
[ICRA]A4
[ICRA]A1

Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4

Stable

Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]D
[ICRA]A3
[ICRA]A4

[ICRA]A4
[ICRA]A1
[ICRA]A3
[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A1+
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A3+

Company Name

Long Term

Short Term

Millennia Realtor Private Ltd


Millennium Vitrified Tiles Private Limited

[ICRA]BBB[ICRA]B+

Stable

Milli Trust
Million Traders Bhopal Private Limited
MILLTEC Machinery Private Limited
Milton Cycle Industries Limited
MIM Components (Bangalore) Private
Limited
Minakshi Rural Agri Business Private
Limited
Minaxi Textiles Limited
Minda Industries Limited
Mindblowing Properties Private Limited
Mindblowing Real Estate Private Limited

[ICRA]B+
[ICRA]BB
[ICRA]A+
[ICRA]BB
[ICRA]B-

[ICRA]BB[ICRA]A+
[ICRA]BBB
[ICRA]BBB

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+

Minera Steel & Power Private Limited


Minex Metallurgical Company Limited
Mini Construction
Mini Diamonds (India) Limited
Minox Metals Private Limited
Mira Exim Limited
Mira Mahal Premises Management Private
Limited
Miraj Metals
Mirambica Agro Industries
Mirha Exports Pvt Ltd
Mirza International Limited
Mistry Construction Co. Pvt. Ltd.
Mistry Enterprises Limited
Mita Engineers and Fabricators Private
Limited
MITC Rolling Mills Pvt Ltd
Mithilanchal Industries Private Limited
Mithra Agencies (Hyderabad)
Mittal Construction Unit
Mittal Lumber Private Limited
Mittal Ocean Trade Pvt. Ltd.
Mittal Rice & General Mills
Mittal Timber Store
Mittal Udyog Indore Private Limited
Mittapalli Spinners Limited
Mitter Fasteners
Miura Infrastructure Private Limited
Mizoram Ispat Industries
MKS Constro Venture Private Limited
MM Auto Industries Limited
MM Rice Mill Pvt. Ltd.
MMC Healthcare Limited
Mmodal Global Services Private Limited
(Cbay Systesm (India) Pvt. Ltd.)
MMS Infratech Private Limited
MNR Cottons Limited
Mobis India Limited

[ICRA]BBB[ICRA]A
[ICRA]BB+
[ICRA]B
[ICRA]BB
[ICRA]BBB[ICRA]BBB-

Negative
Stable
Stable

[ICRA]A3
[ICRA]A1
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A3

[ICRA]BB[ICRA]B+

Stable

[ICRA]A
[ICRA]D
[ICRA]D
[ICRA]B

Stable

[ICRA]BBB[ICRA]D
[ICRA]BB
[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]BB+
[ICRA]BB
[ICRA]BB[ICRA]BBB[ICRA]B
[ICRA]BB-

Stable

[ICRA]A3

Stable
Stable

[ICRA]A4+

[ICRA]A4

Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A4

[ICRA]D

[ICRA]D

Stable
Stable
Stable

[ICRA]A4
[ICRA]A3+

[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4

Stable
[ICRA]A2

[ICRA]B+
[ICRA]BB[ICRA]AA-(SO)

[ICRA]A4
Stable
Stable

Company Name

Long Term

Short Term

Mobis India Limited


Mochiko Shoes Private Limited
Modern Agro Mills
Modern Agro-Tech Industries
Modern Chemicals
Modern Communication and Broadcast
Systems Private Limited
Modern Glass Industries
Modern Industries Limited
Modern Laminators Limited
Modern Living Solutions Private Limited
Modern Machinery Store
Modern Metaalics Private Limited
Modern Packaging Private Limited
Modern Transformers Pvt. Ltd.
Modern Vidya Niketan Society
Modest Infrastructure Ltd
Modrina Auto Enterprises
Modus Logistics Private Limited
Mody Institute of Education & Research
Moflex Suspensions Private Limited
Mohan Breeding Farm
Mohan Charitable Educational Trust
Mohan Enterprises
Mohan International Builders
Mohan Meakin Limited
Mohan Rao & Company
Mohani Tea Leaves Private Limited
Mohindra Fasteners Limited
Mohit Ispat Limited
Mohit Steel Industries Private Limited
Mohra Seeds
Mohta Plywood Industries Private Limited

[ICRA]A+
[ICRA]BB+
[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]BB+

Stable
Stable

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4+

[ICRA]BB[ICRA]BBB
[ICRA]BB+
[ICRA]B+%
[ICRA]B
[ICRA]B+
[ICRA]BB+
[ICRA]BB
[ICRA]BBB+
[ICRA]C+
[ICRA]BB
[ICRA]B+
[ICRA]BBB+
[ICRA]BBB+
[ICRA]BB+
[ICRA]B[ICRA]BB+
[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]A[ICRA]BB+
[ICRA]B
[ICRA]BB
[ICRA]BB[ICRA]B

Stable
Stable
Stable

[ICRA]A4
[ICRA]A3+
[ICRA]A4+

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4+

Mojika Real Estate & Developers Private


Limited
Moksh Ornaments Private Limited
Mold-tek Packaging Limited
Momentive Performance Materials (India)
Private Limited
Mona Townships Private Limited
Monalisa Ceramics India Private Limited

[ICRA]BB-

Stable

[ICRA]B+
[ICRA]BBB
[ICRA]BBB

Stable
Stable

[ICRA]A2
[ICRA]A2

[ICRA]BB[ICRA]BB-

Stable
Stable

[ICRA]A4

Monarch Solitaire LLP


[ICRA]BB
Mondal Cold Storage
[ICRA]B+
Mondal Ice & Cold Storage Private Limited [ICRA]B+
Monica Garments
Monopoly Yarns Private Limited
Montana Tiles Private Limited
Monte Carlo Fashions Limited
Moon Diamonds
Moonlight Marbles Private Limited
Mor Alloys Private Limited

[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]A+
[ICRA]BB+
[ICRA]B[ICRA]BB-

[ICRA]A1

[ICRA]A4
Negative
Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable

[ICRA]A2+

[ICRA]A4
[ICRA]A4
[ICRA]A2+
[ICRA]A4+
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A1+

[ICRA]A4

Company Name

Long Term

Short Term

Moraceae Pharmaceuticals Private Limited [ICRA]D


Mosaic India Pvt Ltd
Mother Nutri Foods
Motherson Sumi Infotech & Designs
Limited
Motherson Sumi Sysems Limited
Motherson Techno Tools Limited
Mothi Spinner Limited
Moti Industries
Motia Developers Private Limited
Motia Township Private Limited
Mouji Silk Mills Private Limited
Mouli Spinner Limited
Mount Infra Project
MP Agro BRK Energy Foods Limited
MP Power Management Company Limited

[ICRA]B
[ICRA]A-

Stable

[ICRA]A1+
[ICRA]A4
[ICRA]A1

[ICRA]AA
[ICRA]A+
[ICRA]BBB
[ICRA]BB[ICRA]BB[ICRA]D
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]BB
[ICRA]BB+

Stable
Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1+
[ICRA]A3+

Stable
Stable

[ICRA]A4+

MPG Hotels & Infrastructure Ventures


Private Limited
MPG Realty Pvt Ltd
Mphasis Limited
Mpower Infratech Pvt Ltd
MPP Technologies Pvt. Ltd
MRG Fashions (P) Limited
Mridul International Private Limited
MRJ Steels Private Limited
MRN Industries
MRO-Tek Limited
MRPC Expo Private Limited
Mrs. Bectors Food Specialities Limited
MS Industries
MSPL Limited
MSPL Limited
MSR Infra
MTC Business Pvt. Ltd.
Mudrakshi Hytech India Pvt. Ltd
Mukka Sea Food Industries Private Limited

[ICRA]BB

Stable

[ICRA]A4+

[ICRA]BB
[ICRA]AA+
[ICRA]BB
[ICRA]BBB
[ICRA]B+
[ICRA]BB+
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]BB[ICRA]A+
[ICRA]BB[ICRA]BBB
[ICRA]BBB
[ICRA]B
[ICRA]BBB
[ICRA]BB+

Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A4
[ICRA]A2

Muktsar Cotton (P) Limited


MULA Sahakari Sakhar Karkhana Limited

[ICRA]B
[ICRA]BB-

Mulberry Silks Limited


Multan Colloids Private Limited
Multichem Specialities Private Limited
Multiple Exim Private Limited
Multitech Auto Private Limited
Mumbai Metro One Private Limited
Mundhra Container Freight Station Private
Limited
Mundra International Container Terminal
Private Limited Update on Moody's Rating action on DP
World

[ICRA]BBB+
[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BBB+
[ICRA]B+

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4+
[ICRA]A4

Stable
[ICRA]A4
Stable
Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A3+
[ICRA]A3+

Stable
Stable

[ICRA]A3+
[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A4

Stable

[ICRA]A2
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A4
[ICRA]A1

Company Name

Long Term

Short Term

Mundra Port Pty Limited


Muneer Enterprise Private Limited
Mungi Engineers Private Limited
Munjal Auto Industries Limited
Munjal Kiriu Industries Private Limited
Murano Tiles Private Limited
Murlidhar Agro Food Private Limited
Murlidhar Ginning Pressing Company Pvt.
Ltd
Murlidhar Tex Prints Private Limited
Murugan Textiles
Muskan Overseas Private Limited
Muthoot Finance Ltd
Muthoot Hotels Private Limited
Muthoot Vehicle and Asset Finance Limited

[ICRA]AA- (SO)
[ICRA]B+
[ICRA]BBB+
[ICRA]AA[ICRA]BBB
[ICRA]B
[ICRA]B+
[ICRA]B

Muthulaxmi Spinning Mills Private Limited

[ICRA]B

MV Shiptrade Private Limited


MVR Gas
My Gharonda Private Limited
MYK Spinning Industries Limited
Mysore Mercantile Company Limited
Mytrah Energy (India) Limited
Mytrah Vayu (Pennar) Private Limited
N B Commercial Enterprises Private
Limited
N R Ispat & Power Private Limited
N. C. John & Sons Private Limited
N.B Hi-Tech Cold Storage
N.G.Projects Limited
N.K. Gupta Builders Private Limited
N.K. Polymers & Additives Mfg. Co.
N.R. Footwear Private Limited
N.S. Associates Private Limited
Naaz Lifestyle
Naba Diganta Water Management Limited

[ICRA]BB[ICRA]B+
[ICRA]BB[ICRA]BBB[ICRA]BB
[ICRA]BBB[ICRA]A[ICRA]BB

Stable

[ICRA]BB[ICRA]BBB
[ICRA]B[ICRA]BBB[ICRA]BB
[ICRA]B
[ICRA]D
[ICRA]BB[ICRA]B[ICRA]BBB+

Stable
Stable

Nabadigant Educational Trust


Nabadigant Educational Trust
Nachas Wind Energy Private Limited
Nachiketa Cotton Private Limited
Nadahalli Agro International Private Limited

[ICRA]BB
[ICRA]BB
[ICRA]BBB[ICRA]B
[ICRA]B

Stable
Stable
Stable

Nagabhushanam & Co.


Nagardas Kanji Shah
Nagesh Enterprises
Nageshwari Ceramic Private Limited
Nagpal Traders
Nagraj Alloys Private Limited
Nagreeka Foils Limited
Nahar Gems
Nahar Industrial Enterprises Limited
Nakoda Unique Gold Private Limited

[ICRA]B+
[ICRA]B
[ICRA]B[ICRA]B+
[ICRA]B+
[ICRA]BB-

Stable

[ICRA]A[ICRA]BB

Stable
Stable

[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]AA[ICRA]BB
[ICRA]BBB

Stable
Stable
Stable
Stable

Stable
Stable
Stable

[ICRA]A2
[ICRA]A1+
[ICRA]A2
[ICRA]A4

[ICRA]A4
[ICRA]A1+
[ICRA]A4+
[ICRA]A3+
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4+

[ICRA]A4

[ICRA]A3+

Stable
Stable

[ICRA]A3
[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A2+
[ICRA]A4+

Company Name

Long Term

Short Term

Nalari Ferro Alloys Private Limited


Nallamilli Satyanarayana Reddy & Others

[ICRA]BB
[ICRA]BB-

Stable
Stable

[ICRA]A4
[ICRA]A4

Namdhari Rice & General Mills


Nand Estate Developers Pvt. Ltd.
Nand Kishore & Sons
Nanda Infra Construction Private Limited

[ICRA]D
[ICRA]B
[ICRA]BB
[ICRA]BB

Stable
Stable

[ICRA]A4
[ICRA]A4+

Nandan Denim Limited


Nandan Sales Corporation
Nandhi Dall Mills
Nandi CPVC Pipe Products India Private
Limited
Nandi Irrigation Systems Limited
Nandi Plasticisers and Pipes Industries
Nandi Polymers India Private Limited
Nandini Fitness Private Limited
Nanjappa Trust
Nano Agro Foods Private Limited
Nanu Ram Jindal Gum & Chemicals Private
Limited
Nanz Med Science Pharma Private Limited

[ICRA]A[ICRA]BB[ICRA]D
^

Stable
Stable

[ICRA]A2+

[ICRA]B[ICRA]B+
[ICRA]B
[ICRA]B[ICRA]BBB[ICRA]B
[ICRA]B+

[ICRA]D
^
[ICRA]A4
[ICRA]A4
[ICRA]A4
Stable

[ICRA]B+

[ICRA]A4

Naptha Resins & Chemicals Private Limited [ICRA]C

[ICRA]A4

Narayan Builders and Developers


Narayan Cold Storage Private Limited
Narayan Cotgin Private Limited
Narayandas Phoolchand Mishra
Infrastructures Private Limited
Narayani Ispat Private Limited
Narendra cotton ginning & Pressing Co.
Pvt. Ltd.
Narendra Tea Company Private Limited
Narmada Clean Tech Ltd.
Narmada Sugars Pvt Ltd
Narula Exports
Narula Holdings Private Limited
Narula Tools International
Natasha Automobiles Private Limited
Natco Pharma Limited
National (India) Contractors & Engineers

*
[ICRA]B
[ICRA]B
[ICRA]BB

[ICRA]B
[ICRA]BB[ICRA]AA[ICRA]BB-

Stable
Stable
Stable

[ICRA]A1+
[ICRA]A4

National Company
National Cooperative Development
Corporation
National Fertilizers Limited
National Industrial Corporation Limited
National Institute of Computer Education
Society Trust
National Oxygen Limited
National Project Construction Corporation
Limited
National Seeds Corporation Limited

[ICRA]BB+
[ICRA]AA

Stable
Stable

[ICRA]A1+

[ICRA]AA
[ICRA]BB[ICRA]BB-

Stable
Stable
Stable

[ICRA]D
[ICRA]A+

Stable

[ICRA]AA

Stable

Stable

[ICRA]A4

[ICRA]BB[ICRA]B+

Stable

[ICRA]A4
[ICRA]A4

[ICRA]BB[ICRA]BBB[ICRA]BB
[ICRA]B+

Stable
Stable
Stable
[ICRA]A4
[ICRA]A4

[ICRA]A1+
[ICRA]A4

Company Name

Long Term

National Steel and Agro Industries Limited

[ICRA]BBB

Natraj Home Furnishings Private Limited

[ICRA]B+

Natraj Industries
[ICRA]B
Naturagreen Food Products Private Limited [ICRA]BB-

Short Term

Stable

[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A2
[ICRA]A2
[ICRA]A3+

Natural Capsules Limited


Natural Remedies Private Limited
Nature Bio-Foods Limited
Natvar Cotex Pvt. Ltd.
Nav Bharat Rice & General Mills
Nav Nirman Builders and Developers
Private Limited
Nav Vidya Society for Education Research
& Training
Navalakha Translines
Navdeep Construction Company
Navdurga Ispat Pvt. Ltd.
Naveen Rice Mills
Navhari Food Products (P) Limited
Navjivan Cotton Industries
Navkar Agro Industries
Navkar Buildcon
Navketan Roller Flour Mills Private Limited

[ICRA]BBB+
[ICRA]BBB+
[ICRA]BBB
[ICRA]B
[ICRA]B
[ICRA]B+

Stable
Stable
Stable

[ICRA]BB-

Stable

Navkiran Techno Feeds


Navneeta Steels Private Limited
Navrang Theatres Private Limited
Navrathan Jewellers Private Limited
Navshakti Filaments
Navya Foods Private Limited
Navya Infracon Projects India Private
Limited
Nayek Agriproducts Private Limited
Nazareth Foods Private Limited
NBM Iron and Steel Trading Pvt Ltd
NCL Alltek & Seccolor Ltd.
NCL Industries Limited
NCL Wintech India Limited
Neco Heavy Engineering and Castings
Limited
NedCommodities India Pvt Ltd
Nedspice Processing India Private Limited

[ICRA]B+
[ICRA]BB-

^
[ICRA]B
[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]B[ICRA]B+@

[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]D
[ICRA]BBB
[ICRA]B+
[ICRA]BBB[ICRA]B+
[ICRA]BBB
[ICRA]BB-

[ICRA]A3+

Stable

^
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]A4@

Stable

[ICRA]A4
[ICRA]A4

Stable
[ICRA]A4
[ICRA]A4

[ICRA]D
Stable

Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A3+
[ICRA]A4

[ICRA]BBB
[ICRA]BBB-

Stable
Stable

[ICRA]A3+
[ICRA]A3

Needle Industries (india) Private Limited

[ICRA]BBB-

Stable

[ICRA]A3+

Neel Auto Private Limited


Neel Kamal Polytex Industries Private
Limited
Neel Metal Products Limited
Neelam Hospital
Neelam Linens And Garments (India) Pvt.
Ltd.

[ICRA]BBB+
[ICRA]BB

Stable
Stable

[ICRA]A2+

[ICRA]A+
[ICRA]BB^

Stable
Stable

[ICRA]A1+

Stable

Company Name

Long Term

Short Term

Neelgiri Electricals
Neeli Aqua Private Limited
Neelikon Food Dyes & Chemicals Limited

[ICRA]BBB[ICRA]B
[ICRA]A-

Stable
Stable

[ICRA]A4
[ICRA]A2+

Neelkamal Steels Private Limited


Neelkanth Properties
Neelkanth Pulp & Paper Boards
Neelkanth Town Planners Pvt. Ltd.
Neelplast Polymers Private Limited
Neeraj Power Private Limited
Neerus Ensembles Private Limited
Neev Metologies Private Limited
Neev Technocast Private Limited
Neha Ceramic Industries
Neha Exports
Neha Sharma Wind Energy
Nehani Tiles Private Limited
Nehru Places Hotels and Real Estate
Private Limited
Nelcast Limited
Nemlaxmi Books (India) Private Limited
Neogem India Limited
NeoGrowth Credit Private Limited
Neotech Education Foundation
Neptunus Power Plant Services Private
Limited
Nestor Pharmaceuticals Limited
Netmatrix Crop Care Limited
Netra Mercantile Private Limited
Network18 Media & Investments Limited

[ICRA]BBB[ICRA]B+
[ICRA]BB[ICRA]BB
[ICRA]BB[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]B[ICRA]BB[ICRA]B
^
[ICRA]B
[ICRA]A-

Stable

[ICRA]A3

Stable
Stable
Stable
Stable
Stable

[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4
^
[ICRA]A4

[ICRA]A
[ICRA]B+
[ICRA]D
[ICRA]BBB[ICRA]C
[ICRA]BBB

Stable

Neumann Components Private Limited


Nevatia Steel & Alloys Pvt. Ltd.
New Asian Construction Company
New Asian Infrastructure Development
Private Limited
New Bharat Rice Mills
New Diamond Era
New Era Enviro Ventures Private Limited

[ICRA] BB+
[ICRA]B[ICRA]D
[ICRA]D

New Faizan Foods


New Front Prabhavee Ventures
New Horizon Knits Private Limited
New Horizons Limited
New India Cables Trading Private Limited

[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA] BB+
[ICRA]BB+

[ICRA]C+
[ICRA]BBB
^
[ICRA]A

[ICRA]B
[ICRA]BB[ICRA]D

New India Extrusions Private Limited


[ICRA]BBBNew Laxmi Steel and Power Private Limited [ICRA]B+
New Palsana Industrial Co-Op Society
Limited
New Steel Trading Private Limited
New Tech Creations
New Vardhman Vitrified Private Limited

[ICRA]A4
[ICRA]A4

Positive
[ICRA]A1
[ICRA]A4
[ICRA]D

Stable
Stable

Stable
Positive

[ICRA]A2
[ICRA]A4
[ICRA]A3+
^
[ICRA]A1+

Stable
[ICRA]A4

Stable

[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4+

Stable

[ICRA]A3

[ICRA]D

[ICRA]D

^
[ICRA]A4
[ICRA]A4

[ICRA]B

Company Name

New Win Win Feeds Private Limited


Newage Fire Protection Industries Private
Limited
Newgen Agro Processors Private Limited
Newgen Software Technologies Limited
Newgen Software Technologies Limited
Nexgensolution Technologies Pvt. Ltd.
Nexo Structures Private Limited
Nextra Teleservices Private Limited
Neyveli Lignite Corp. Ltd
Nezone Industries Limited
Nezone Pipes & Structures
Nezone Poles & Towers
Nezone Strips Limited
Nezone Tubes Limited
NG Fertilizers & Chemicals Private Limited

Long Term

[ICRA]B+
[ICRA]BB

Short Term

Stable

[ICRA]A4
[ICRA]A4+

[ICRA]B
[ICRA]A2
[ICRA]A2
[ICRA]BB+
[ICRA]B
[ICRA]C
[ICRA]AAA
[ICRA]BB
[ICRA]BBB[ICRA]BB
[ICRA]BBB+
[ICRA]BBB+
[ICRA]BB

Stable

NGL Fine-Chem Limited


Nhava Sheva International Container
Terminal Private Limited
NHB Ball & Roller Limited
NHK Automotive Components India Private
Limited
Nice Sesame Agro Industries
Nickunj EDM Wires & Consumables Pvt Ltd

[ICRA]BBB

Stable

[ICRA]A3+
[ICRA]A1+@

[ICRA]BBB-

Stable

[ICRA]A3+
[ICRA]A2

[ICRA]B+
[ICRA]BB

Stable

Nickunj Eximp Entp Pvt Ltd


Nifty Labs Private Limited
NIIT Institute of Information Technology
Nijanand Pipes and Fittings Private Limited

[ICRA]BB
[ICRA]BB[ICRA]A
[ICRA]B

Stable
Stable
Stable

Nikhil Adhesives Limited


Nikhil International
Nikhil Udyog
Nikita Papers Limited
Nik-San Engineering Company Pvt. Ltd
Nile Ltd
Nilgiri Food Products Private Limited
Nilkanth Cotton industries
Nilos India Private Limited
Nilraj Engineering
Nine Globe Industries Private Limited
Nipra Packaging Private Limited
Nipso Polyfabriks Limited
Nirani Sugars Limited
Nirav Gems
Nirbhai Textiles Private Limited
Nirbhay Rasayan Private Limited
Nirmal Bang Securities Pvt Ltd
Nirmal Industries Limited
Nirmal Seeds Private Limited
Nirmala Infra Projects India Private Limited

[ICRA]BBB^
[ICRA]D
[ICRA]BB[ICRA]D
[ICRA]BBB
[ICRA]BB+
[ICRA]B
[ICRA]BB
[ICRA]BB
[ICRA]D
[ICRA]B[ICRA]C+
[ICRA]B
[ICRA]BBB^
[ICRA]BB[ICRA]BBB+
[ICRA]BB+
[ICRA]BB+
[ICRA]C+

Negative

[ICRA]A4
[ICRA]A4
Stable
Stable
Stable
Negative
Stable
Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A2
[ICRA]A2

[ICRA]A4
[ICRA]A4+
[ICRA]A4+

[ICRA]A4

Stable
Stable
Stable
Stable
Stable

[ICRA]A3
^
[ICRA]D
[ICRA]A4
[ICRA]D
[ICRA]A3+
[ICRA]A4+
[ICRA]A4

[ICRA]A4
[ICRA]A4
Stable
Stable
Stable
Stable
Positive

[ICRA]A3
^
[ICRA]A4
[ICRA]A2+
[ICRA]A4+
[ICRA]A4

Company Name

Long Term

Short Term

Nirwana Hotels and Resorts Private Limited [ICRA]B


Nisarg Jewels Private Limited
Nisiki India Private Limited
Nisiki India Private Limited
Nissan Syntex Private Limited
Nitasha Constructions
Nitesh Estates Limited
Nitesh Fashion Private Limited
Nitesh Residency Hotels Private Limited

[ICRA]B
[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]BB+
[ICRA]B
[ICRA]B+

Nitya Hotels Private Limited


Niyas Projects
NKC Projects Private Limited
NKG Infrastructure Limited
NMK Textile Mills (India) Private Limited
Noble Consolidated Glazings Ltd.
Noble Natural Resources India Private
Limited
Noel Pharma (India) Private Limited
Nooli Jewellers
Noor Ice & Cold Storage Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]A[ICRA]BBB[ICRA]D
[ICRA]A&

Noor Impex Private Limited


Noorul Islam Educational Trust
Norex Flavours Private Limited
North Delhi Metro Mall Pvt Ltd
North East Transmission Co. Ltd.
North Eastern Electric Power Corporation
Limited
North Eastern Tubes Limited
North India Surgical Company
North Malabar Educational and Charitable
Trust
North-Cott Ginning and Trading Co. Pvt.
Ltd.
Northern Solaire Prakash Private Limited

[ICRA]B
[ICRA]D
[ICRA]BB-

Stable

[ICRA]A+

Stable

[ICRA]BBB-

Stable

Notandas and Sons


Notandas Gems Pvt. Ltd.
Nova Carbons India Private Limited
Nova Oleochem Limited
Noven Lifesciences Private Limited
Nowotek Textiles Private Limited
NRSS XXXI(B) Transmission Limited
NRVS Enterprises Private Limited
NSC International Private Limited
NSL Renewable Power Private Limited
NSL SEZ (Hyderabad) Private Limited
NTL Steels
NTPC - Alstom Power Services Private
Limited
NTPC Limited
Nucon Aerospace Private Limited

[ICRA]BB+
[ICRA]BB

Stable
Stable

[ICRA]B
[ICRA]B+
[ICRA]BB-

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

Stable
Negative
Stable

[ICRA]A3
[ICRA]A2+
[ICRA]A3
[ICRA]D
[ICRA]A1&
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A1+

[ICRA]BB
[ICRA]B+
[ICRA]D

Stable

[ICRA]B

[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A4

[ICRA]A4+
[ICRA]D

[ICRA]D
[ICRA]B[ICRA]B+
[ICRA]BBB
[ICRA]BB[ICRA]BB[ICRA]BBB[ICRA]BB+
[ICRA]BB[ICRA]A+

Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]AAA
[ICRA]BB

Stable
Stable

[ICRA]A4

[ICRA]A4

[ICRA]A4
[ICRA]A1+
[ICRA]A1+
[ICRA]A4

Company Name

Long Term

Nucon Pneumatics Private Limited


Nuetech Solar Systems Pvt. Ltd.
Nuevo Polymers Private Limited
Nuevosol Energy Private Limited
Nugenic Pharma Private Limited
Nupur Carpets
Nutan Cotton Industries
Nutra Specialities Private Limited
Nutrikraft India Private Limited
Nutrivet Company Private Limited
Nuway Organic Naturals India Limited
Nuzen Herbal Private Limited
NVT Quality Lifestyle Projects Private
Limited
Oasis Agro Infra Limited
Oasis Enterprises Private Limited
Ocean Constructions (India) Private Limited

[ICRA]B+
[ICRA]BB+
[ICRA]BB[ICRA]BB+
[ICRA]BBB[ICRA]B[ICRA]B[ICRA]BB+
[ICRA]A[ICRA]B[ICRA]C
[ICRA]B
[ICRA]BB

Ocean Sparkle Limited


Ocimum Industries Private Limited
OCL India Limited
Octiva Ceramic
Odisha Education Trust
Odisha Television Limited
Ogun Steels Private Limited
Oil Country Tubular Limited
Oil India Limited
Ojas Mall Management Private Limited
Ojus Power and Technologies Pvt. Ltd.
Okaya Power Limited
Om Biomedic Private Limited
Om Corrugated Pack Private Limited
OM Cotex
Om Cotton & Oil Industries
Om Developers & Builders (P) Ltd.
Om Ginning and Pressing Factory
Om Logistics Limited
Om Organic Cotton Private Limited
Om Sai Hospitality
Om Shakti Agros Private Limited
Om Threads Limited
Omax Cotspin Private Limited
Ome Sree Sai Ganesh Poultries
Omega Colors Private Limited
Omen Vitrified Private Limited
Omexo Tiles
Omkar Fertilisers Private Limited
Omni Auto Limited
One Point Realty Private Limited
Oneworld Creations Private Limited
Oneworld Industries Private Limited
ONGC Mangalore Petrochemicals Limited
ONGC Videsh Limited

[ICRA]D
[ICRA]BB[ICRA]B

Short Term

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4+
[ICRA]A3
[ICRA]A4

Stable
Stable

[ICRA]A4+
[ICRA]A2+

Stable

Stable

[ICRA]A4

[ICRA]A+
[ICRA]B[ICRA]AA
[ICRA]BB[ICRA]BB
[ICRA]A[ICRA]C
[ICRA]BBB+
[ICRA]AAA
[ICRA]BB[ICRA]B
[ICRA]BBB[ICRA]B[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]A+
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]BB[ICRA]B[ICRA]BB
[ICRA]BB
[ICRA]BB
[ICRA]BB+
[ICRA]AA-%

Stable

[ICRA]A1
[ICRA]A4
[ICRA]A1+
[ICRA]A4

[ICRA]AAA

Stable

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2
[ICRA]A1+

[ICRA]A3
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

[ICRA]A1+

Stable
Stable

[ICRA]A4

Stable
Stable
Positive
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A4+
[ICRA]A1+
[ICRA]A1+

Company Name

Onsaz Jewellery Creations


Onshore Construction Company Private
Limited
OPG Business Centre Private Limited
OPG Energy Private Limited
OPG Industries Limited
OPG Metals Private Limited
OPG Power Genertation Private Ltd
OPGS Power Gujarat Private Limited
Opus Dei Logistics (India) Private Limited

Long Term

Short Term

[ICRA]B
[ICRA]BBB+

Stable

[ICRA]A4
[ICRA]A2+

[ICRA]BB+
[ICRA]BBB+
[ICRA]BB+
[ICRA]BB+
[ICRA]A
[ICRA]BB+
[ICRA]BB-

Stable
Stable
Stable
Stable
Stable
Positive
Stable

[ICRA]A4+
[ICRA]A2+
[ICRA]A4+
[ICRA]A4+
[ICRA]A1
[ICRA]A4+
[ICRA]A4

Orange Infracon Private Limited


[ICRA]BBOrange Jaisalmer Wind Energy Private
[ICRA]BBB+
Limited
Orange Maha Wind Energy Private Limited [ICRA]BBB-

Stable
Stable

Orange Renewable Power Private Limited

[ICRA]BBB+

Stable

Orbit Exports Limited


Orchev Pharma Private Limited
Orfina Ceramic Private Limited
Oricon Enterprises Limited
Orient Green Power Company (Rajasthan)
Private Limited
Orient Packaging
Orient Steel & Industries Limited
Oriental Aromatics Limited
Oriental Carbon & Chemicals Limited
Oriental Export Corporation
Oriental Hotels Ltd
Oriental Sales Corporation
Oriental South Delhi Hotels Pvt. Ltd
Orissa Concrete & Allied Industries Ltd.
Orma Marble Palace Private Limited
Orson Holdings Company Limited
Ortel Communications Limited
Oscar Ceramics
Oshina Expo Pvt. Ltd.
Oshiya Industries Private Limited
Osia Gems Private Limited
Osnar Chemical Pvt. Ltd.
Oswal Cable Private Limited
Oswal Cable Products
Oswal Fabrics
Oswal Knit India Limited
Oswal Pumps Limited
Oswal Salt & Chemical Industries
Oswal Woollen Mills Limited
Our Co. Infrastructure Developers Private
Limited
Outlook Publishing (India) Private Limited

[ICRA]A
[ICRA]BB+
[ICRA]B
[ICRA]BBB
[ICRA]BB-

Stable
Stable

[ICRA]BB
[ICRA]BB
[ICRA]BBB+
[ICRA]A

Stable
Negative
Stable
Stable

[ICRA]A+
[ICRA]BB[ICRA]BB+
[ICRA]B+
[ICRA]B+
[ICRA]BB+
[ICRA]BB
[ICRA]BB[ICRA]B
[ICRA]BB[ICRA]BBB[ICRA]B[ICRA]BB+
[ICRA]BBB[ICRA]B+
[ICRA]C
[ICRA]BB
[ICRA]BB[ICRA]A[ICRA]BB

Stable
Stable
Stable

[ICRA]BBB-

Stable

Overseas Traders
Ovis Equipments Private Limited

^
[ICRA]BB

Stable

Stable
Stable

Stable
Stable
Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable

[ICRA]A1
[ICRA]A4+
[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2
[ICRA]A1
[ICRA]A3
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4+
[ICRA]A3
[ICRA]A4
[ICRA]A4

[ICRA]A1

[ICRA]A3
^

Stable

Company Name

Oxford Tanners
Oyo Ceramic Pvt. Ltd.
Ozone Urbana Infra Developers Private
Limited
P A Footwear Private Limited
P Kishanchand Textiles Ltd.
P&R Engineering Services Pvt Ltd
P&R Gogaripur Hydro Power Pvt Ltd
P. C. Chandra Gems Private Limited
P. M. Dwarkadass
P. M. Granite (Export) Private Limited
P. P. Products Pvt Ltd
P. R. Nayak Associates
P. S. Daima and Sons
P. S. Enterprises
P. S. Steel Tubes Limited
P. Sri Ramulu
P. Venganna Setty and Brothers
P.B. Cotton & Oil Industries
P.C.Patel & Co.
P.G. Enterprises
P.K. Construction Co.
P.K. Industries
P.K. Mookanambalam & Co.
P.K.& Company
P.M. Electro-Auto Pvt. Ltd.
P.N.Rao
P.P. Polyplast Private Limited
P.R. Packagings Limited
Paari Chem Resources
PAB Organics Private Limited
PAC Bio Fungbact Private Limited
Pace Power Systems Private Limited
Pace Renewable Energies Private Limited

Long Term

[ICRA]B+
[ICRA]BBB[ICRA]BBB
[ICRA]B
[ICRA]D
[ICRA]D
[ICRA]A[ICRA]BB
[ICRA]B[ICRA]BBB
[ICRA]BBB[ICRA]BB+
[ICRA]B+
[ICRA]BBB
^
[ICRA]B
[ICRA]B
[ICRA]BBB[ICRA]B
[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]BBB[ICRA]BB+
[ICRA]BB+
[ICRA]BB[ICRA]BB
[ICRA]D
[ICRA]BB+
[ICRA]BB+(SO)

Pacific Development Corporation Limited

[ICRA]BBB+

Pacific Garments Private Limited


Pacific Industries Limited
Padam Interiors
Padgilwar Agro Industries
Padia Exports Pvt. Ltd.
Padigela Ginning Industries
Padma Gems
Padmabhushan Krantiveer Doctor
Nagnathanna Naykawdi Hutatma Kisan
Ahir Sahakari Sakhar Karkhana Limited
Padmaja Farms
Padmaja Poly Packs Private Limited
Padmaja Polymers Private Limited
Padmashree Inc.
Padmasri Rice Mill
Padmavati Almex Private Limited
Padmavati Chains Private Limited

[ICRA]D
[ICRA]BB+
[ICRA]BBB
[ICRA]BB[ICRA]BB
[ICRA]B+
[ICRA]BB+
[ICRA]B

[ICRA]B+
[ICRA]BB
[ICRA]BB
[ICRA]B
[ICRA]BB[ICRA]B
[ICRA]BB+

Short Term

[ICRA]A4
[ICRA]A4
Stable
Stable

Stable
Stable
Stable
Stable
Stable
Stable

Stable

[ICRA]A3+
[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A4+
[ICRA]A4
[ICRA]A3+
^

[ICRA]A3

Stable
[ICRA]A4
[ICRA]A4+
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4

Stable
Stable

[ICRA]A4+

Stable

[ICRA]A2

Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4+
[ICRA]A4
[ICRA]A4+

[ICRA]D
[ICRA]A4+
[ICRA]A3+
[ICRA]A4
[ICRA]A4+

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+

Company Name

Long Term

Padmavati Decor Private Limited


Padmavati Infrastructure Company
Padmavati Steels Limited
Padmawati Ferrous Limited
Paedia Health Pvt. Ltd.
Pagro Foods Limited
Pagro Frozen Foods Private Limited
Pal Fashions Private Limited
Pal Synthetics Limited
Palani Vijay CottSpin Pvt Limited
Paliwal Infrastructure Pvt. Ltd.
Paliwal Milk Products Private Limited
Paliwal Overseas Pvt. Ltd
Palla Textiles Private Limited
Palm Fibre (India) Private Limited
Palmetto Industries (India) Private Limited

[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]BB
[ICRA]B[ICRA]B+
[ICRA]B[ICRA]BBB+
[ICRA]B[ICRA]BB[ICRA]BBB
[ICRA]B
[ICRA]BBB
[ICRA]D

Pan Agri Exports


Pan India Infrastructures Private Limited
Panache Aluminium Extrusions Pvt. Ltd.
Panam Packers Pvt. Ltd.
Panasian Impex Private Limited
Panchavati Polyfibres Limited
Panchsheel Buildtech Private Limited
Panchsheel Solvent Private Limited
Panchwati Prayogshala Private Limited
Pandit Automobiles Private Limited
Pandit Automotive Private Ltd
Pandoul Flour Mills Private Limited
Pankaj Agro Protinex Limited
Pankaj Steel Corporation
Pannalal Mahesh Chandra Jewellers
Pansari Steels Private Limited
Pansuriya Impex
Pantaloons Fashion & Retail Limited
Par Drugs and Chemicals Pvt Ltd
Para Products Private Limited
Paracoat Products Limited
Paradeep Phosphates Limited
Paradigm Granite Private Limited
Paragon Extrusions Private Limited
Paragon Industries Limited
Paragon Polymers Prodcuts Pvt Ltd
Parakh Agro Industries Limited
Parakh Oils Limited
Paramasivam Palanisamy Charitable Trust

[ICRA]BBB[ICRA]BBB
[ICRA]D
[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]BB
[ICRA]BB
[ICRA]BBB[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]BBB
[ICRA]AA
[ICRA]B
[ICRA]B+
[ICRA]BB+
[ICRA]BBB+
[ICRA]BB[ICRA]B[ICRA]BB+
[ICRA]BBB+
[ICRA]A[ICRA]B+
[ICRA]BB-

Paramount Homeland Private Limited


Paramount International
Paramount Limited
Paramount Propbuild Private Limited
Paramount Residency Private Limited
Paramount Rice Private Limited
Paramount Steels Limited

Short Term

Stable

Stable
[ICRA]A4
[ICRA]A4
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4

Stable
[ICRA]D
[ICRA]A4+
[ICRA]D

[ICRA]D

[ICRA]BBB
[ICRA]BBB*
[ICRA]B+
[ICRA]B+

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A3

[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
[ICRA]A4
Stable
[ICRA]A4
Stable

Stable
Stable

Stable
Stable
Stable
Stable
stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A2+
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A3+
[ICRA]A2+
[ICRA]A4

Stable

Stable
Stable

[ICRA]A4
[ICRA]A3+

Company Name

Long Term

Short Term

Paramount Towers Private Limited


Paramount Villas Private Limited
Paramount Wheels Private Limited
Paramshakti Steels Limited
Paras Dyeing and Printing Mills
Paras Dyes & Chemicals Private Limited

*
*
[ICRA]B
[ICRA]BBB[ICRA]B+
[ICRA]BBB-

Paras Foods
Parasakti Cements Industries Limited
Paratus Real Estates Pvt. Ltd.
Parcon India Private Limited
Pardes Dehydration Company
Parekh Plastics
Pari India
Parikh Constructions Private Limited
Paris Elysees India Pvt Ltd
Parisons Agrotech Private Limited
Parisons Foods Private Limited
Parisons Infrastructure Private Limited
Parisons Roller Flour Mills Private Limited

[ICRA]B
[ICRA]BBB[ICRA]BB[ICRA]BBB+
[ICRA]BB^
[ICRA]BB
[ICRA]C
[ICRA]BB[ICRA]BB+
[ICRA]BB+

Park Controls & Communications Private


Limited
Park Health Systems Private Limited
Parker VRC Infrastructure Private Limited

[ICRA]B+

Parmanand and Sons Food Products


Private Limited
Parmar International Private Limited
Parmeshwari Silk Mills Limited
Parrys Sugar Industries Limited
Parsewar and Company
Parsons Nutritionals Private Limited
Parth Chem Impex Private Limited
Parth Cotton & Oil Industries
Parthasarathy CNC Technology Private
Limited
Parvathi Dyeing
Parvati Fabrics Limited
Parvati Solvent Extraction Private Limited

[ICRA]BBB-

Stable

[ICRA]BBB+
[ICRA]B+
[ICRA]BBB+
[ICRA]B+
[ICRA]BBB^
[ICRA]D
[ICRA]B-

Stable

[ICRA]BB
[ICRA]B+
[ICRA]B+

Stable

[ICRA]A4

Parvati Sweetners and Power Limited


PAS Cotton Mills Private Limited
Paschim Gujarat Vij Company Limited
Pashupati Capital Services Private Limtied

[ICRA]B+
[ICRA]D
[ICRA]A+
[ICRA]BBB-

Stable
Stable

[ICRA]D
[ICRA]A1+
[ICRA]A3

Pashupati Cotton Industries


Pashupati Prints Private Limited
Pashupatinath Refrigeration Pvt. Ltd.
Paswara Chemicals Limited
Paswara Papers Limited
Patanjali Ayurved Limited
Patco Foods Private Limited
Patel Cotton

[ICRA]B
[ICRA]BB^
[ICRA]BB
[ICRA]BB[ICRA]A[ICRA]D
[ICRA]BB-

[ICRA]BB+

Negative

[ICRA]A3

Stable

[ICRA]A3

Positive
Stable
Stable
Stable

[ICRA]A3

[ICRA]A4
^

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A4
[ICRA]A4+
[ICRA]A4

[ICRA]B+
[ICRA]B

stable

[ICRA]A2+
[ICRA]A4
[ICRA]A2

Stable
^

[ICRA]A4
Stable
^
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2+

Company Name

Long Term

Patel Cotton Industries


Patel Cotton Industries - Dhrangadhra
Patel Inn & Travels Private Limited
Patel Oswal Housing
Patel Wood Works & Timber Mart
Patikari Power Pvt Ltd
Patil Construction and Infrastructure Private
Limited
Patni Builders Private Limited
Patoda Taluka Dudh Vyavasayik Sahakari
Sansthas Dudh Utpadak & Purvatha Sangh
Limited
Patron Industries Private Limited
Patton International Limited
Pavan Cotton Products Private Limited
Pave Infrastructure Private Limited
Pavizham Spinners Private Limited
Paxal Corporation
Payal International Limited
Payal Petropack Private Limited
Payne Realtors Private Limited
Payoda Technologies Private Limited
PBS Foods Ltd
PCS Technology Limited
PD Corporation Private Limited
Pearl Construction and Developers
Pearl Insulations Pvt. Ltd.
Pearl Ports & Warehousing Private Limited

[ICRA]BB[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]B
[ICRA]B[ICRA]BBB-

PEB Steel Lloyd (India) Limited


Pelican Rotoflex Private Limited
Penguin Trading & Agencies Limited
Peninsula Land Limited
Peninsula Projects (Bangalore) Private
Limited
Penn Frozen Foods Pvt. Ltd.
Pepsu Road Transport Corporation
Perfect Engineering Associates Private
Limited
Perfect Infracorp Private Limited
Permali Wallace Private Limited
Permanent Magnets Limited
Perody Builders Private Limited
Persang Alloy Industries Private Limited
Perth Ceramic Private Limited
Pertinent Infra & Energy Limited
Perumal Spinning Mills Private Limited
Petro Plast Industries Limited
Petronet LNG Limited
Pharmafabrikon
Phoenix Conveyor Belt India Private
Limited
Phoenix Infocity Private Limited
Phoenix International Limited

[ICRA]BB
[ICRA]BBB[ICRA]A
[ICRA]A
[ICRA]BB-

[ICRA]B+
[ICRA]BBB

[ICRA]B+
[ICRA]AA[ICRA]B+
[ICRA]BB[ICRA]D
[ICRA]B
[ICRA]B+
[ICRA]BBB
[ICRA]BB[ICRA]BB+
[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]BBB
[ICRA]B+

Short Term

Stable
Stable
Stable

[ICRA]A4

[ICRA]A4
Stable

[ICRA]A3

Stable

Stable
Stable

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4

Stable

[ICRA]A2
[ICRA]A4

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A1

^
[ICRA]B+
[ICRA]D

^
[ICRA]D

[ICRA]BBB[ICRA]B+
[ICRA]D
[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]AA+
[ICRA]B+
[ICRA]AA-

Stable

[ICRA]A3
[ICRA]A4
[ICRA]D

Stable

[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A4
[ICRA]A1+

[ICRA]BBB(SO)
[ICRA]BB

Stable
Stable

Stable

Company Name

Long Term

Short Term

Phoenix Lamps Ltd


Phoenix Living Spaces Private Limited
Phoenix Overseas Limited
Phoenix Residencies Private Limited
Phoenix Structural & Engineering Private
Limited
Phoenix Udyog Private Limited
PHR Invent Educational Society
Phthalo Colours and Chemicals Limited
Pibco Enterprises Private Limited
PIC International Metals & Alloys Private
Limited
Piccadily Holiday Resorts Limited
PIL Industries Limited
Pilot 2 Wheelers Private Limited
Pincon Spirits Limited
Pine Exporters Private Limited
Pinkcity Buildhome Pvt. Ltd.
Pinnacle Teleservices Private Limited
Pioneer Ceramic Industries
Pioneer Globex Pvt Ltd
Pioneer Investcorp Limited
Pioneer Spinning and Weaving Mills
Limited
Pioneer Tea & Exports Ltd.
Pioneer Urban Land & Infrastructure
Limited
Pipavav Railway Corp. Ltd
Piramal Enterprises Limited
Piramal Finance Private Limited
Piramal Glass Limited
PKM Projects Private Limited
Plastex Products Private Limited
Plasto India Private Limited
Platina Real Estate Pvt. Ltd.
Platinum Alloys Private Limited
Platinum Polymers Private Limited
Platinum Tie-up Private Limited
Plethico Pharmaceuticals Limited
PLR Projects Private Limited
PM Cars Private Limited
PMP Auto Components Private Limited
PMR Construction Company
PMV Maltings Private Limited
PnB Realty Ltd.
PNG Textiles Private Limited
PNG Tollway Limited
Poddar Business Pvt. Ltd.
Pokaran Solaire Energy Private Limited

[ICRA]A
[ICRA]BB+
[ICRA]BBB[ICRA]BB
[ICRA]C

Stable
Stable
Stable
Stable

[ICRA]BB[ICRA]D
[ICRA]B
[ICRA]BB[ICRA]B

Stable

[ICRA]BBB[ICRA]BB+
[ICRA]BB+
^
[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]BB-

Stable
Stable
Stable

[ICRA]BBB
[ICRA]B+

Stable

Polaris Liquor Private Limited


Polestar Maritime Limited
Polixel Security Systems Private Limited

[ICRA]BB
[ICRA]A[ICRA]BB-

[ICRA]B+
[ICRA]BBB+
[ICRA]BB+*
[ICRA]AA
[ICRA]AA[ICRA]BBB+
[ICRA]D
[ICRA]BB+
[ICRA]B+
[ICRA]BB[ICRA]D
[ICRA]B+
[ICRA]BB
[ICRA]D
[ICRA]BB+
[ICRA]B+
[ICRA]BBB
[ICRA]B+
[ICRA]B[ICRA]D
[ICRA]B
[ICRA]BB+
[ICRA]BB
[ICRA]BBB+

[ICRA]A1
[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A4

Stable
Stable

^
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2

[ICRA]A4
Stable

Stable
Stable
Stable

[ICRA]A1+

Stable

[ICRA]A4+
[ICRA]A4

[ICRA]A2

Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A4+
[ICRA]A2
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4

Company Name

Long Term

Short Term

Polybond Organics Private Limited


Polynova Industries Ltd
Polyplastics Auto Components Private
Limited
Polyplastics Automotive India Private
Limited
Polysol Industries
Pommy Garments (India) Private Limited

[ICRA]BB[ICRA]BBB
[ICRA]BB-

Stable
Stable
Stable

[ICRA]BB[ICRA]BB-

Stable
Stable

[ICRA]A4

Pon Pure Chemicals Pvt Ltd


Pongalur Pioneer Textiles Private Limited

[ICRA]BBB
[ICRA]B-

Stable

[ICRA]A3+
[ICRA]A4

Ponni Sugars (Erode) Ltd


Ponnu Food Products
Pooja Exports
Pooja Jewellers
Pooja Sree Traders
Poona Dal and Besan Mills Pvt Ltd
Poona Dal and Oil Industries Ltd
Poonam Enterprise
Poonam Polymers Private Limited
Poonam Roller Flour Private Limited
Poppys Hotel Private Limited
Popular Vehicles and Services Limited
Popuri Steels Limited
Power Finance Corporation Limited
Power Grid Corp of India Ltd
Power Mech Infra Limited
Power Mech Projects Limited
Power Research and Development
Consultants Private Limited
Power Tech
Powertech Engineers
Powertrek Industries
Prabha Engineers
Prabhu Agarwalla Construction Private
Limited
Prabhu Spinning Mills Private Limited
Prabhu Sponge Private Limited
Prabhudas Lilladher Financial Services Pvt
Ltd
Pradhvi Multitrade Private Limited
Pragatej Builders & Developers Private
Limited
Pragathi Group
Pragathi Tobacco Traders (India) Private
Limited
Pragati Cotton Industries
Pragati Engineering Belgaum Private
Limited
Pragati Enterprises
Pragati Glass Private Limited
Pragati Spinners Private Limited
Pragati Steel Udyog Private Limited

[ICRA]BB+
[ICRA]B
[ICRA]BBB[ICRA]B
[ICRA]B+
[ICRA]BBB+
[ICRA]BBB+
[ICRA]B[ICRA]B
[ICRA]BB
[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]AAA
[ICRA]AAA
[ICRA]BB+
[ICRA]A[ICRA]B+

Negative

[ICRA]A4+

Stable

[ICRA]A3

Stable
Stable

[ICRA]A4
[ICRA]A2
[ICRA]A2

Stable

[ICRA]A4

Stable

[ICRA]A4+

Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1+
[ICRA]A4+
[ICRA]A2+

Stable
Stable

[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A3

Stable

[ICRA]A1

[ICRA]D

[ICRA]D
[ICRA]BB
[ICRA]BB[ICRA]B+
[ICRA]BBB[ICRA]A
[ICRA]B+

[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]D

[ICRA]A2
[ICRA]D
[ICRA]B
[ICRA]BBB[ICRA]BB-

Stable
Stable

[ICRA]B
^
[ICRA]BB+
[ICRA]D
[ICRA]B+
[ICRA]BB-

[ICRA]A3

^
Stable
[ICRA]D
Stable

[ICRA]A4

Company Name

Pragya Securities Services Ltd


Prahlad Flour Mills Pvt Ltd
Prahlad Ispat Private Limited
Prahladrai & Co.
Prajapati Developers
Prakash Asphaltings & Toll Highways
(India) Limited
Prakash Dal & Flour Mills
Prakash Estates
Prakash Industrial Infrastructure Private
Limited
Prakash Offset Printers
Prakash Oils Limited
Prakash Retail Private Limited
Prakash Trading Company
Pramukh Alloys Private Limited
Prani Auto Plaza Private Limited
Prapalsha Agros Limited
Prasadhini Enterprises Private Limited
Prasanna Technologies Private Limited
Prashanth Educational Society
Prasuna Vamsikrishna Spinning Mills
Private Limited
Prataap Snacks Private Limited
Pratap Polysacks Limited
Pratap Synthetics Limited
Prateek Apparels Pvt. Ltd.
Prateek Wires Private Limited
Pratham Motors Private Limited
Prathul Automobiles Private Limited
Pratibha Constructions Engineers and
Contractors (India) Private Limited
Pratishtha Commercial Private Limited
Pravardhan Seeds Private Limited
Praveen Electrical Works
Pravesha Industries Pvt Ltd
Prayagraj Power Generation Company
Limited
Precimeasure Controls Private Limited
Precious Jewels Corporation
Precision Auto Engineers
Precision Machines and Equipments Pvt.
Ltd.
Prem Jain Ispat Udyog Private Limited
Premier Alloys & Chemicals Pvt Ltd
Premier Cables and Conductors Private
Limited
Premier Enterprises
Premier Explosives
Premier Exports International
Premier Industrial Corporation Limited
Premier Liquor India Limited
Premier Marine Products
Premier Seafoods Exim Private Limited

Long Term

Short Term

[ICRA]A4+
[ICRA]BB
[ICRA]B
[ICRA]D
[ICRA]B
[ICRA]BBB

Stable

Stable

[ICRA]A3+

[ICRA]BB+
[ICRA]BB[ICRA]D

Stable
Stable

[ICRA]A4+

[ICRA]BB
[ICRA]BB+
[ICRA]BB+
[ICRA]BBB^
[ICRA]B+
[ICRA]B+
[ICRA]B[ICRA]BB[ICRA]B+
[ICRA]BBB-

Stable
Stable
Stable
Stable

[ICRA]A[ICRA]BB
[ICRA]BB
[ICRA]BB[ICRA]BB+
[ICRA]BB+
[ICRA]BB
[ICRA]C+

Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]BB
[ICRA]BBB[ICRA]B+
[ICRA]BBB
[ICRA]BB

Stable
Stable

[ICRA]BBB-

Stable

[ICRA]B+
[ICRA]BB

Stable

[ICRA]A3
[ICRA]A4+
[ICRA]A4
[ICRA]A4

[ICRA]BB[ICRA]BBB[ICRA]BB+

Stable
Stable
Stable

[ICRA]A4+

[ICRA]A-

Stable

[ICRA]BB

Stable

[ICRA]BB+

Stable

[ICRA]A4+
[ICRA]A4+
^

Stable
Stable

[ICRA]A3

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+

[ICRA]A4

Stable
Negative

[ICRA]A4
[ICRA]A2

[ICRA]A3
[ICRA]A2+
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A4+

Company Name

Long Term

Premier Solar Systems (P) Ltd


Premier Steels
Premier Tex Products Private Limited
Premier Tobacco Packers Private Limited

[ICRA]BB[ICRA]B+
[ICRA]BB+
[ICRA]A-

Premium Exports
Premium Port Lounge Management
Company Private Limited
Premprakash Tubes Limited
Prerna Constructions Private Limited
Presidency Exports & Industries Limited
President Clothing Company
Prestige Estates Projects Limited
Prestige Garden Constructions Private
Limited
Preston India Private Limited
Prestress Wire Industries
Pretty Jewellery Private Limited
Pri Media Services Private Limited
Price Waterhouse (Kolkatta)
PricewaterhouseCoopers Private Limited

[ICRA]B+
[ICRA]BBB-

Short Term

Stable

[ICRA]A4

Stable
Stable

[ICRA]A2+
[ICRA]A4

Stable

[ICRA]BB[ICRA]D
[ICRA]D
[ICRA]B+
[ICRA]A+
[ICRA]BBB+

Stable

[ICRA]BBB+
[ICRA]BBB-

Stable
Stable

[ICRA]A3+
[ICRA]A3
[ICRA]A4

*
[ICRA]AA[ICRA]AA-

Stable
Stable

[ICRA]A1+
[ICRA]A1+

Pricol Engineering Industries Limited


Pricol Limited
Pricol Pune Private Limited
Pride & Expert Properties Pvt. Ltd.
Prime Comfort Products Private Limited

[ICRA]BB+
[ICRA]A[ICRA]A-(SO)
[ICRA]BB
[ICRA]BB-

Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A2+
[ICRA]A2+(SO)

Prime Gold International Limited


Prime Progression Export and Services
Private Limited
Primeseal Woodplast Private Limited
Primo Pick N Pack Limited
Prince Gem and Jewelry Private Limited

[ICRA]BB
[ICRA]BB+

Stable
Stable

[ICRA]A4+
[ICRA]A4+

Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A3+

Prince Marketing
Prince Pipes and Fittings Pvt Ltd
Prince Properties
Prince SWR Systems Pvt Ltd
Prince Yarnn India Ltd
Princeware International Pvt. Ltd.
Print Solutions Private Limited
Printotech Global Limited
Prism Cement Limited
Prism Design and Tooling Technology
Private Limited
Prism Laminates Private Limited
Pristine Buildcon Private Limited
Pristine Commercials Private Limited
Pristine Industries Limited
Prithvi Developers
Priyadarshini Polysacks Limited
Priyanka Refineries Private Limited
Priyanshi Textiles Private Limited

[ICRA]B+
[ICRA]BBB[ICRA]B+
[ICRA]BBB[ICRA]B
[ICRA]BBB[ICRA]D
[ICRA]BB+
[ICRA]A[ICRA]BB+

Stable

[ICRA]A4
[ICRA]A3

[ICRA]B[ICRA]BB+
[ICRA]BBB

[ICRA]B[ICRA]B+
[ICRA]BB
[ICRA]BB
[ICRA]B+
[ICRA]BBB
[ICRA]BB+
[ICRA]D

[ICRA]A4

[ICRA]A4
Stable
Stable

Stable

[ICRA]A4

Stable

[ICRA]A3
[ICRA]A4
[ICRA]A3

Stable
Stable
Stable

[ICRA]A1
[ICRA]A4+

Stable
Stable

[ICRA]A4

Stable
Stable

[ICRA]A3+
[ICRA]A4+

Company Name

Long Term

PRJ Polymers Private Limited


[ICRA]B+
Pro Minerals private Ltd
[ICRA]BBPrognosys Medical Systems Private Limited [ICRA]BBProgressive Share Brokers Pvt. Ltd.
Proline India Limited
Proseal Closures Limited
Proseed Foundation
Proteck Machinery Private Limited
Providence Textiles
Proview Rishabh Infra Private Limited
PSA Construction
PSG Texofab LLP
PSK Infrastructures Projects Private Limited

Short Term

Stable
Stable

[ICRA]BB+
[ICRA]BBB[ICRA]BBB+
[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]D
[ICRA]BB
^
[ICRA]BBB-

Stable
Stable
Stable
Stable

PSN Automotive Marketing Private Limited [ICRA]BBB-

Stable

PSR & sons


Pt. Deen Dayal Upadhyay Shikshan Trust

Stable

PTC Energy Limited


PTC India Financial Services Ltd
PTC India Limited
Pudhuaaru Financial Services Private
Limited
Pulsar Ceramic
Pundrikaksh Granites Private Limited
Pune Solapur Expressways Private Limited

[ICRA]BB+
[ICRA]B+

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A3
[ICRA]A2
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4+
^

Stable
[ICRA]A3

[ICRA]A1
[ICRA]A1+
[ICRA]A1+
[ICRA]BBB[ICRA]B+
[ICRA]B+
[ICRA]A(SO)

Stable
[ICRA]A4
Stable

Puneet Enterprises
Punjab Basmati Rice Limited
Punjab Crockery House Private Limited
Punjab Hammers Private Limited
Punjab Retail Private Limited
Purandar Milk and Agro Products Limited

[ICRA]BB[ICRA]BB+
[ICRA]D
[ICRA]BB
[ICRA]BBB
[ICRA]D

Stable
Stable

[ICRA]A4

Stable
Stable

[ICRA]A4

Puranmal Phoola Devi Memorial Trust


Purav Cotton Industries
Puravankara Projects Ltd
Pure & Cure Healthcare Private Limited
Pure Chemicals Co
Purewal Stone Crusher
Purita Water Solutions Private Limited
Purnam
Purti Vanaspati Private Limited
Purva Enterprises
Purvi Metals Private Limited
Pusala Power Project Private Limited
Pushpa Gold Private Limited
Pushpak Bullions Private Limited
Pushpendra Real Construction Private
Limited
PV Knit Fashions
PVM Enterprises Private Limited

[ICRA]BB
[ICRA]B+
[ICRA]BBB
[ICRA]A+(SO)
[ICRA]BB+
[ICRA]B
[ICRA]C
[ICRA]B
[ICRA]BBB[ICRA]D
[ICRA]B+
[ICRA]D
[ICRA]BB[ICRA]BB+
[ICRA]B

Stable

[ICRA]B+
[ICRA]BB

Positive
Stable
Stable

[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A3
[ICRA]A4

Stable
Stable

Stable

[ICRA]A4

[ICRA]A4
[ICRA]A4+

Company Name

Long Term

Short Term

PVR Projects Limited


Pyramid Finance Limited
Pyramid Technoplast Private Limited
Pyramid Timber Associates Pvt Ltd
Pyrotech Electronics Private Limited
Pyrotech Workspace Solutions Private
Limited
Qi Network Enterprise Private Limited
Qrex Flex Private Limited
Qualiance International Private Limited
Quality Construction Developers
Quality Engineering and Software
Technologies Private Limited
Quality Foils Private Limited
Quality Heightcon Pvt. Ltd.
Quality Mint & Allied Chemicals
Quality Tea Plantations Private Limited
Quality Woven Sacks Private Limited
Quess Corp Ltd
Quick Builders
Quick Food Company
Quilon Foods Private Limited
QVC Reality Co. Limited
R B Ghodke
R E Infra Private Limited
R J Buildcon Private Limited
R Jaykumar & Company
R K Shah Projects Pvt. Ltd.
R Narayana Reddy & Sons Constructions
Private Limited
R P Educational Trust
R Rajan (Government Contractor) BRK
Constructions
R S Spuntex Private Limited
R Vidyasagar Rao Constructions
R&B Denims Limited
R. D. Samant Contractors Private Limited

[ICRA]BB+
[ICRA]BBB
[ICRA]BBB[ICRA]BB[ICRA]BBB[ICRA]BB

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4+

[ICRA]BB
^

Stable

[ICRA]A4
^
[ICRA]A4

[ICRA]BB[ICRA]A+

Stable
Stable

[ICRA]BB+
[ICRA]BB+
[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]A+
[ICRA]BB[ICRA]B+
[ICRA]BB+
[ICRA]BBB
[ICRA]BB[ICRA]BBB[ICRA]B

Stable
Stable

[ICRA]A4+
[ICRA]A4+
[ICRA]A4

Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+

R. K. Cotgin & Pressing Industries


R. Kothari & Co.
R. Krishnamurthy & Co.
R. L. Steels & Energy Ltd.
R. Mahendra & Co.
R. P. Basmati Rice Limited
R. P. Motors
R. R. Energy Limited
R. S. Motors Pvt. Ltd.
R. Y. Extrusion Private Limited
R.B Rice Industries
R.C. Patel
R.C. Sood & Company Private Limited
R.D. Tea Limited
R.J Chatha Rice Mills
R.J. Agro Industries

[ICRA]B

Stable
Stable
Stable
Stable

[ICRA]D
[ICRA]D
[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BB

[ICRA]A3
[ICRA]A4

[ICRA]A1+

[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]D
[ICRA]D

Stable
[ICRA]A4

Stable

[ICRA]BB
[ICRA]D

Stable

[ICRA]BBB[ICRA]B
[ICRA]D
[ICRA]BB
[ICRA]B[ICRA]B
[ICRA]BB[ICRA]BBB+
[ICRA]BB
[ICRA]B+
[ICRA]B

Stable

[ICRA]A4
[ICRA]A4+

[ICRA]A4+
[ICRA]A4
[ICRA]D
[ICRA]A4
[ICRA]A3
[ICRA]D

Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

R.K & Sons


[ICRA]BB+
R.K. Dhabhai Minerals and Chemicals
[ICRA]B
Private Limited
R.K. Hoteliers & Developers Private Limited [ICRA]BBB-(SO)

Stable

[ICRA]A4+
[ICRA]A4

R.K. Transport Co.


R.K.G. International Private Limited
R.K.Steels
R.L Foods
R.N. Metals
R.N. Rice Mill
R.P. Gums & Chemical Limited
R.R. Business Private Limited
R.R. Industries
R.R. Teleservices
R.S. Ajit Singh & Co. (Automotives) Private
Limited
Raaja Magnetics Limited
Raam Four Wheelers India Private Limited

[ICRA]BBB[ICRA]BB[ICRA]BB+
[ICRA]B
[ICRA]B+
[ICRA]B[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]BB
[ICRA]B+

Stable
Stable
Stable

[ICRA]BBB[ICRA]B

Stable

[ICRA]A3

RAAS Housing Finance (India) Limited


Raasvin Rubbers Private Limited
Race Ahead Real Estates Private Limited

[ICRA]BBB
[ICRA]BB[ICRA]BBB

Stable
Stable
Stable

[ICRA]A4

Radha Krishna Firayalal & Co.


Radha Krishna Impex Private Limited
Radha Madhav Exim Limited
Radhaballabh Silk Mills Private Limited
Radhagobinda Rice Mills Private Limited

[ICRA]B+
[ICRA]BB
[ICRA]BBB(SO)
[ICRA]B[ICRA]C+

Stable
Stable

[ICRA]A4
[ICRA]A3+(SO)

Radhe Cotton & Oil Industries


Radhe Cotton Company
Radhe Krishna Cotton Industries
Radheshyam Cottex
Radheshyam Fibres (Guj) Pvt Limited
Radheshyam Fibres Pvt Limited
Radheshyam Spinning Mill Private Limited

[ICRA]D
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]B+

Radhika Industries
Radhika Packaging Private Limited
Radiant Exports
Radiant Indus Chem Private Limited
Radiant Organics Private Limited
Radiant Plastruders (I) Private Limited
Radical Plastpack Private Limited
Radius Water Limited
Radix Industries (India) Limited
Radnik Auto Exports
Raghav Madhav Filaments Private Limited

[ICRA]BB[ICRA]B+
[ICRA]BBB
[ICRA]BB
[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]BB+
[ICRA]BB+
[ICRA]B+
[ICRA]D

Raghu Rama Renewable Energy Limited

[ICRA]C+

Raghu Rama Rice Industry


Raghunath Agro Industries

[ICRA]B
[ICRA]BBB

Stable
[ICRA]A3
[ICRA]A4

[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

Stable
Stable
[ICRA]A4
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A4+
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A4+
[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A3+

Company Name

Raghunath Agrotech Private Limited


Raghuvesh Agri Foods Private Limited
Raghuvesh Warehousing Private Limited

Long Term

Short Term

[ICRA]BB[ICRA]BBB[ICRA]BBB-

Stable
Stable
Stable

Raghuvir Developers & Builders


[ICRA]BB+
Rahee Track Technologies Private Limited [ICRA]BBB-

Stable
Stable

Rahman Industries Limited


Rahul Ferromet & Engg. Pvt. Ltd.
Rahul Sales Limited
Rahul Texo Print
Rai Bahadur Raghbir Singh Educational
Society
Rai Metalworks Pvt Ltd
Raia Jewels Private Limited
Raichur Roller Flour Mills
Raigarh Champa Rail Infrastructure Private
Limited
Raigarh Foods & Hotel Business Private
Limited
Rainbow Plastics India Limited
Rainbow Rice Private Limited
Raipur Bottling Co.
Raipur Power and Steel Limited
Raitani Engineering Works Private Limited

[ICRA]A
[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]BB-

Stable

[ICRA]BB
[ICRA]BB+
[ICRA]B
[ICRA]BB

Stable
Stable

[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]BBB
[ICRA]BB-

Stable
Stable

[ICRA]A4

Stable
Stable

[ICRA]A3+

Raj Apiaries Exim Private Limited


Raj Associates
Raj Chem Plast
Raj Corporation
Raj Corporation Limited
Raj Dealers & Distributors
Raj Exports
Raj Industries
Raj Kishore Engineering Constructions
Private Limited
Raj Kumar Goel (Bhatte Wale) Foundations

[ICRA]BB[ICRA]BBB[ICRA]BB[ICRA]BB[ICRA]BB+
[ICRA]B+
[ICRA]BB+
[ICRA]A[ICRA]B

Stable
Stable
Stable
Stable
Stable

[ICRA]A4

Stable
Stable

[ICRA]A4+
[ICRA]A2+
[ICRA]A4

[ICRA]BB-

Stable

Raj Kumar Goel Educational Foundations

[ICRA]BB+

Stable

Raj Kumar Goel Educational Trust


Raja Charity Trust
Raja Enterprises
Raja Enterprises
Rajaguru Spinning Mills Private Limited
Rajalaxmi Education Trust
Rajamahal International Private Limited
Rajamahal International Private Limited
Rajapalayam Mills Limited
Rajapushpa Properties Private Limited
Rajaram Flour Mills Private Limited
Rajaram Mills Private Ltd
Rajasthan Arts and Crafts House
Rajasthan International

[ICRA]BB[ICRA]AA-(SO)
[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]BBB+
[ICRA]BB
[ICRA]BB[ICRA]B-

Stable
Stable

[ICRA]BB-

Stable

Stable

[ICRA]A3
[ICRA]A1
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A4
[ICRA]A4+

Negative

[ICRA]B+

[ICRA]A4

Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2

[ICRA]A4
[ICRA]A4
[ICRA]A4

Company Name

Long Term

Rajasthan Iron Company


^
Rajasthan State Seeds Corporation Limited [ICRA]BBBRajasthan Tube Manufacturing Company
Limited
Rajasthan Vikas Sansthan
Rajasthan Vikas Sansthan (Company U/s
25 of Companies Act, 1956)
Rajasthani Sammelan
Rajat Ispat Private Limited
Rajathadri Jewellers Private Limited
Rajda Sales (Calcutta) Private Limited
Rajendra G. Shah & Co.
Rajendra Rice & General Mills
Rajendra Singh Bhamboo Tollways Private
Limited
Rajesh Filaments Private limited
Rajesh Gems and Jewels Private Limited

[ICRA]BB-

^
Stable
Stable

[ICRA]A4

[ICRA]B+
[ICRA]B
[ICRA]BB+
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]BB+
[ICRA]B+
[ICRA]BB+
[ICRA]B+
[ICRA]BBB-

Rajesh Industries
[ICRA]BBRajgreen Amusement Park Private Limited [ICRA]BBRajhans Nutriments Private Limited
Rajnish Steels
Rajoo Engineers Limited
Rajpal Abhikaran Private Limited
Rajputana Industries Private Limited
Rajratan Global Wire Limited
Rajsamadhiyala Spintex Private Limited
Rajshree Sugar and Chemical Limited
Raju Spinning Mills Pvt Ltd
Rakesh Masala Private Limited
Rakesh Singla
Rakhecha Securities Ltd.
Rakindo Kovai Township Limited
Raksan Transformers Private Limited
Rallifan Limited
Ram Dev International Limited
Ram Kripal Singh Construction Private
Limited
Ram Lal Aneja Foods Private Limited
Ram Lal Kamal Raj Jewellers Private
Limited
Ram Raghu Healthcare Private Limited
Ram Ratan Real Estate Private Limited
Ram Saroop Rajender Parshad
Rama Cylinders Private Limited
Rama Overseas Limited
Rama Paper Mills Ltd
Rama Rice & Gen. Mills
Rama Wines
Ramakrishna Industries
Raman Ispat (Private) Limited
Ramaniyam Real Estates (P) Limited

Short Term

[ICRA]B+
[ICRA]B+
[ICRA]BBB+
[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]B
[ICRA]B
[ICRA]D
[ICRA]BB
[ICRA]BB[ICRA]BB
[ICRA]BB+
[ICRA]BB[ICRA]B
[ICRA]BBB[ICRA]BBB+
[ICRA]B
[ICRA]BB[ICRA]B
[ICRA]BBB-(SO)
[ICRA]B
[ICRA]BBB
[ICRA]D
[ICRA]B+
[ICRA]BB
[ICRA]BB+
[ICRA]B+
[ICRA]BBB

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A4
Stable
[ICRA]A4
Stable
Stable
Stable

Stable

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]D

Stable
Stable
Stable
Stable
Stable

[ICRA]A4

Stable
Stable

[ICRA]A3
[ICRA]A2

Stable

[ICRA]A4

Stable

[ICRA]A3(SO)

Stable

[ICRA]A3+
[ICRA]A4+
[ICRA]D
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A4

[ICRA]A4
Stable

Company Name

Long Term

Short Term

Ramanjaneya Modern Rice Mill


Ramaraju Surgical Cotton Mills Ltd., The

[ICRA]B+
[ICRA]BB-

Ramco Extrusion Private Limited


Ramco Industries Limited
Ramco Systems Limited
Ramco Systems Limited
Ramdev Sugars Pvt. Ltd.
Ramesh Chand Rai
Ramesh Company
Ramesh Kumar Bansal
Rameshwar Industries
Rameswar Udyog Private Limited
Ramgad Minerals and Mining Limited
Ramgarh Sponge Iron Private Limited
Ramila Diam Private Limited
Ramkrishna Forgings Limited
Ramkrushna Cotgin Corporation
Ramkumar Mills Pvt. Ltd.
Ramkumar Textile Pvt. Ltd.
Ramky Pharma City (India) Limited
Ramprastha Estates Private Limited
Ramprastha Promoters and Developers
Private Limited
Ramsons Casting Private Limited
Ramya Spinning Mills Private Limited
Rana Milk Foods Private Limited
Rana Polycot
Rana Sugar Limited
Rancare Industries Limited
Ranchi Expressways Limited
Rane (Madras) Limited
Rane Brake Lining Limited
Rane Engine Valve Ltd
Rane Holdings Ltd
Rane TRW Steering Systems Limited
Ranga Overseas Private Limited
Range Ceramic Private Limited
Ranjan Fabrics Pvt. Ltd.
RanQ Remedies Private Limited
Rao Construction Pvt. Ltd
Rapid Metrorail Gurgaon Limited
Rapid Metrorail Gurgaon South Limited
RAS Polytex Private Limited
Rasayano
Rashi Steel & Power Limited
Rashmi Housing Private Limited
Rashmi Metaliks Limited
Rashmi Steels
Rashtriya Chemicals & Fertilisers Limited

[ICRA]BB[ICRA]A
[ICRA]A-(SO)
[ICRA]AA-(SO)
[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]BBB[ICRA]B+
[ICRA]BB[ICRA]A^
[ICRA]BB[ICRA]B+
[ICRA]B[ICRA]B
[ICRA]D

Stable
Stable

[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]D
[ICRA]D
[ICRA]B+
[ICRA]D
[ICRA]A
[ICRA]A+
[ICRA]BBB+
[ICRA]AA[ICRA]A+
[ICRA]BB[ICRA]D
[ICRA]B+
[ICRA]BBB
[ICRA]BB[ICRA]BBB
[ICRA]BBB
[ICRA]BB

Stable

[ICRA]BB+
[ICRA]B+
[ICRA]A[ICRA]B+
[ICRA]AA

Stable

Rashtriya Seva Samithi


Rashtrotthana Parishat
Rasi g- Energy Private Limited

[ICRA]BB+
[ICRA]BBB+
[ICRA]A(SO)

Stable
Stable
Stable

Stable

Stable
Stable

[ICRA]A4

[ICRA]A1
[ICRA]A1(SO)
[ICRA]A1+(SO)
[ICRA]A3
[ICRA]A4
[ICRA]A4

Stable

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A2+
^
[ICRA]A4
[ICRA]A4

[ICRA]A4+

[ICRA]D
[ICRA]D

Positive
Stable
Positive
Stable
Stable
Stable

Stable
Stable
Stable
Stable
Stable

Stable
Stable

[ICRA]A1+
[ICRA]A2+
[ICRA]A1+
[ICRA]A4
[ICRA]D
[ICRA]A3+
[ICRA]A4

[ICRA]A4
[ICRA]A3

[ICRA]A2+
[ICRA]A4

Company Name

Long Term

Short Term

Rasi Seeds Private Limited


Rasi Tex (In) Private Limited
Rasik Products Private Limited
Rasilant Technologies Private Limited
Ratan Engineering Co. Pvt. Limited
Ratan Ghee Depot Private Limited
Ratan Housing Development Limited
Ratedi Wind Power Private Limited
Rathi Graphic Technologies Limited
Rathi Iron & Steel Industries Limited
Rathod Industries
Ratnagiri Ceramics Private Limited
Rattan Polychem Private Limited
Rattan Rice & General Mills
Raunak Exports Private Limited
Raunaq Automotive Components Limited

[ICRA]A
[ICRA]BBB
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]A[ICRA]BB+
[ICRA]BBB-(SO)
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]BBB-

Stable
Stable

[ICRA]A2+
[ICRA]A3+

Ravi Dyeware Co. Ltd.


Ravi Technoforge Private Limited
Ravi Technoforge Private Limited
Ravicab Cables Pvt. Ltd.
Ravindra Rice & General Mills
Rayala Corporation Private Limited
Rayalaseema Trading Private Limited
Rayani Spintex Private Limited
Rayat and Bahra Group of Institutes: An
Educational & Charitable Society
Rayat Educational and Research Trust
Rayban Feeds & Hatcheries Private Limited

[ICRA]BBB[ICRA]BB
[ICRA]BB
[ICRA]D
[ICRA]B+
[ICRA]BB+
[ICRA]B+
[ICRA]B
[ICRA]D

Stable
Stable
Stable

Raymix Concrete (India) Private Limited


Raymond UCO Denim Private Ltd
Rays Power Infra (P) Ltd
RBA Ferro Industries Pvt. Ltd.
RCC Eco-Build Systems Ltd
RCC Infraventures Limited
Real Agro Industries Private Limited
Real Cotton Industries
Real Growth Commercial Enterprises
Limited
Real Growth Securities Pvt Ltd
Real Innerspring Technologies Private
Limited
Real Ispat & Power Limited
Reality Tex Yarn India Private Limited
Realwax Industries
Redington (India) Limited
Reed and Pick
Reflexions Narayani Impex Private Limited

[ICRA]BB[ICRA]A[ICRA]BB
[ICRA]B
[ICRA]BB
[ICRA]BB
[ICRA]B+
[ICRA]BB[ICRA]B+

Stable
Stable
Stable

[ICRA]BBB[ICRA]B+

Stable

[ICRA]A[ICRA]B
[ICRA]BB+
[ICRA]AA[ICRA]B
[ICRA]B

Stable

[ICRA]A2+

Stable
Stable

[ICRA]A4+
[ICRA]A1+

Refratherm International Private Limited


Regen Powertech Pvt. Ltd.
Regency Ispat Pvt. Ltd.
Regent Beers and Wines Limited

[ICRA]B+
[ICRA]D
[ICRA]BBB[ICRA]B+

[ICRA]A4
Stable
Stable
Stable
Stable

Stable
Stable

[ICRA]A2+
[ICRA]A4+
[ICRA]A3(SO)
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]A3
[ICRA]A3
[ICRA]A4

Stable
[ICRA]A4

[ICRA]D
[ICRA]B

Stable
Stable

[ICRA]A4
[ICRA]A2+
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A4

[ICRA]A4

Stable

[ICRA]D
[ICRA]A3
[ICRA]A4

Company Name

Long Term

Short Term

Reia Fashions
Relaxo Footwears Limited
Relcom Technology Private Limited
Reliable Agencies
Reliable Autotech Private Limited
Reliance Asset Reconstruction Company
Limited
Reliance Chemotex Industries Limited
Reliance Commodities Ltd
Reliance Communications Limited
Reliance Industrial Consortium Limited
Reliance Infratel Limited
Reliance Power Limited
Reliance Securities Limited
Reliance Telecom Limited
Religare Finvest Limited
Religare Housing Development Finance
Corporation Ltd
Remedy Medical Services Pvt. Ltd.
Remsons Industries Limited
Renaissance Holdings & Developers
Private Limited
Renaissance Jewellery Limited
Renew Wind Energy (Delhi) Private
Limited
Renew Wind Energy (Jath) Private Limited

[ICRA]BB[ICRA]A+
[ICRA][ICRA]B
[ICRA]B+
[ICRA]BBB[ICRA]A+

Stable
Positive

[ICRA]BBB

Stable

[ICRA]BBB+
[ICRA]B[ICRA]BBB+(SO)
[ICRA]A-

Negative

[ICRA]BBB+
[ICRA]AA[ICRA]AA-

Negative
Stable
Stable

[ICRA]B[ICRA]BBB
[ICRA]BB+

Stable
Stable

[ICRA]BBB
[ICRA]BBB-

Stable
Positive

[ICRA]BBB

Stable

Renew Wind Energy (Karnataka) Private


Limited
Renew Wind Energy (Rajkot) Private
Limited
Renew Wind Energy (Shivpur) Private
Limited
Renew Wind Energy (Varekarwadi) Private
Limited
Renewable Energy Generation Pvt. Ltd.
Renny Steels
Repco Home Finance Ltd
Repco Micro Finance Limited
Repro India Limited
Repro Knowledgecast Private Limited
Repromen Offset Printers Private Limited

[ICRA]BBB+

Stable

[ICRA]BBB+

Stable

[ICRA]BBB

Stable

[ICRA]BBB

Stable

[ICRA]B[ICRA]BB
[ICRA]AA[ICRA]BBB[ICRA]A
[ICRA]A(SO)
[ICRA]B

Stable
Stable
Stable
Stable
Stable

Reshma Fabrics Limited


Resil Chemicals Pvt Ltd
Restoration Engineers
Revashankar Gems Ltd.
Revathi Modern Rice Mill
Rewa Shiksha Samiti
RGA Infrastructure
RGA Software Systems Private Limited
RGTL Industries Ltd.
Ria Hotels Pvt. Ltd.

[ICRA]B+
[ICRA]A
[ICRA]BB
[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]BBB-(SO)
[ICRA]BBB[ICRA]BBB
[ICRA]B-

Stable
Stable

Negative
Negative

Stable
Stable
Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A1+
[ICRA]A3+
[ICRA]A1+
[ICRA]A2+
[ICRA]A2+
[ICRA]A1
[ICRA]A1+
[ICRA]A2+
[ICRA]A1+

[ICRA]A4
[ICRA]A3+

[ICRA]A2

[ICRA]A4
[ICRA]A4
[ICRA]A1+
[ICRA]A1

[ICRA]A1
[ICRA]A4

[ICRA]A3+

Company Name

Long Term

Short Term

Rice Lake Weighing Systems India Limited [ICRA]BB+

Stable

[ICRA]A4+

Rich Offset (I) Private Limited


Rich Prints Private Limited
Richa & Co.
Richa Global Exports Private Limited
Richlook Garments Private Limited
Richwell Enterprises Private Limited
Rico Auto Industries Ltd
Riddhi Agro Industries
Riddhi Siddhi Associates
Riddhi Siddhi Cotfiber Private Limited
Riddhi Siddhi Cotton Ginning and Pressing
Private Limited
Rifah Shoes Private Limited
Righill Electrics Pvt. Ltd.
Rijiya Brothers
Rima Transformers and Conductors Private
Limited
Rinac India Limited
Rio Glass Private limited
Riona Laminate Private Limited
Rise On Group
Rishabh Associates
Rishabh Diamond Private Limited
Rishabh Gold Jewels (India) Private Limited

[ICRA]BB+
[ICRA]BB[ICRA]BBB
[ICRA]BBB
[ICRA]D
[ICRA]B+
[ICRA]BBB[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]B+

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A3+
[ICRA]A3+

Rishabh Metals & Chemicals Private


Limited
Rishika Fashions Private Limited
Ritco Logistics Private Limited
Rithwik Power Projects Limited
Ritika Vegetable Oil Private Limited
River Engineering Private Limited
Rizon Laminates Private Limited
RJ Biotech Limited
RJ Rishikaran Projects Private Limited
RK Babu Trading Private Limited
RK Electrical Industries
RK Powergen Pvt. Limited
RKC Infrabuilt (Savli Halol) Road Projects
Private Limited
RKC Infrabuilt (Tarapur Khambhat) Road
Projects Private Limited
RKEC Projects Private Limited
RKM Powergen Private Limited
RKT Developers
RLJ Multigrain Private Limited
RLJ Woven Sacks Pvt Ltd
RMP Bearings Limited
RMP Farms
RMS Construction Private Limited
RMV Resort & Hotels Private Limited

[ICRA]B
[ICRA]BBB[ICRA]D

Stable
Stable

[ICRA]A3
[ICRA]A4

[ICRA]A4
[ICRA]A4
Stable
[ICRA]D

[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B+

Stable

[ICRA]A3
[ICRA]A4

[ICRA]BB

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]BBB-

Stable

[ICRA]A3

[ICRA]BB
[ICRA]BBB[ICRA]BB[ICRA]BB[ICRA]BB
[ICRA]B[ICRA]BB+
[ICRA]B
[ICRA]BB^
[ICRA]BB[ICRA]BBB

Stable
Stable
Stable
Stable
Stable

[ICRA]A4

[ICRA]BBB

Stable

[ICRA]BB[ICRA]D
[ICRA]BB[ICRA]B
[ICRA]BB
[ICRA]BB
[ICRA]BB

Stable

[ICRA]BB

Stable

Stable
Stable
Negative
Stable

[ICRA]A4
^
[ICRA]A4

[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A3

Company Name

Long Term

Short Term

RMZ Ecoworld Infrastructure Private


Limited
RMZ Ecoworld Infrastructure Private
Limited
RMZ Galleria (India) Private Limited
RMZ Infotech Pvt Ltd
RNB Cements (P) Limited
RNB International Private Limited
RNP Scaffolding & Formwork Pvt. Ltd.
RNS Earthmovers Private Limited
RNS Motors Limited
Robo Equipments and Forgings Private
Limited
Robosoft Technologies Private Limited
Rockland Hospital Ltd
Rockman Industries Chennai Private
Limited
Rockman Industries Limited
Rocky Dhar
Roger Industries Limited
Rohan Motors Ltd
Rohil Foods Private Limited
Rohini Industrial Electrical Limited
Rohit Exhaust Systems Private Limited
Rohit Fabtex
Rohit Ferro Tech Limited
Rohit Jewellers Private Limited
Roj Leather Exports Private Limited
Rolex Hosiery Private Limited
Rolex Lanolin Products Limited
Rolex Rings Private Limited
Roll Tubes Limited
Ronald Colaco
Ronch Polymers Pvt Ltd
Roop Automotive Limited
Roop Technology Pvt. Ltd.
Rooplaxmi Industries India Private Limited

Provisional
[ICRA]A(SO)
[ICRA]A(SO)

Stable

[ICRA]BBB[ICRA]A
[ICRA]D
[ICRA]B+
[ICRA]B
[ICRA]BB+
[ICRA]BBB
[ICRA]B

Stable
Stable

Roots Corporation Limited


Rosa Power Supply Co. Ltd
Rose Gems
Rose Metals
Roshan Real Estates Private Limited
Rossell India Limited
Rosy Blue (India) Private Limited
Rotocast Industries Limited
Rotostat Services Private Limited
Royal Beverages Pvt. Ltd
Royal Castor Products Limited
Royal Exports
Royal Mindz Infra Pvt. Ltd.
Royal Plaza Inn
Royal Star Agrotech Private Limited
Royal Suitings Private Limited

[ICRA]B
[ICRA]D
[ICRA]BBB

Stable

[ICRA]A4
Stable
Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A2

[ICRA]AA
[ICRA]BB+
^
[ICRA]BBB[ICRA]B
[ICRA]AA(SO)
[ICRA]BBB(SO)
[ICRA]B+
[ICRA]B@

Stable
Stable
Stable

[ICRA]A1+
[ICRA]A4+
^
[ICRA]A3

Stable
Stable

[ICRA]A1+(SO)
[ICRA]A3+(SO)

[ICRA]BB[ICRA]B
[ICRA]BB
[ICRA]BBB
[ICRA]BBB+
[ICRA]A[ICRA]B
[ICRA]B-

Stable

[ICRA]A
[ICRA]A
[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]A+
[ICRA]A[ICRA]BB+
[ICRA]BB[ICRA]BB
[ICRA]BBB-

Stable
Stable
Stable

[ICRA]BB[ICRA]B
[ICRA]BB[ICRA]B+

Stable

Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable
Stable
Stable

Stable

[ICRA]A4@
[ICRA]A4
[ICRA]A4+
[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2+
[ICRA]A2+
[ICRA]A4

[ICRA]A1
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A1+
[ICRA]A4+

[ICRA]A3
[ICRA]A3

Company Name

Long Term

Short Term

Royal Tyres Private Limited


[ICRA]B+
Royal Wood Private Limited
[ICRA]B+
Royalcare Super Specialty Hospital Limited [ICRA]B

[ICRA]A4
[ICRA]A4

Royalex Fashions (India) Private Limited

[ICRA]BBB

Royel Impex
RP Multimetals Private Limited
RP Resorts Private Limited
RPG Life Sciences Limited
RR Constructions and Infrastructure India
Private Limited
RR Gold Palace Private Limited
RR Holiday Homes Private Limited
RR Leather Products Private Limited
RSAL Steel Private Limited
RSG Developers Private Limited
RSPL Limited
RSV Rice Industries
Ruby Bus Pvt. Ltd.
Rucha Engineers Pvt. Ltd.
Ruchi Acroni Industries Limited
Ruchi Global Limited
Ruchira Printing and Packaging
Rud India Chain Private Limited
Rudra Alloys Private Limited
Rudra Auto Tech Engineering Private
Limited
Rudra Infradevelopers Private Limited
Rudra Techno Feeds
Rukmini Educational Charitable Trust
Rungta Irrigation Limited
Ruparel Foods Private Limited
Rupesh & Company
Rural Electrification Corp. Ltd.
Rushabh Investments Private Limited
Rushi Cottex Private Limited
Rushil Industries Limtied
Ruttonsha International Rectifier Limited
RV Infrastructure Engineers Private Limited
(RVIEPL)
RVS College of Engineering & Technology

[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]BBB+
[ICRA]BB-

RY Midas Alluminiums Private Limited


S & T Mining Company Private Limited
S D Rice Mills
S Kant Healthcare Ltd.
S P Developers and Decorators
S P Textile Processors Private Limited
S S Chemicals
S S Comfort Systems Private Limited
S V Credit Line Private Limited
S Venugopala Reddy
SCMotors

[ICRA]BB
[ICRA]BBB+
[ICRA]B
[ICRA]BBB
[ICRA]B
[ICRA]BB+
[ICRA]B[ICRA]BB[ICRA]BBB[ICRA]BB
[ICRA]BBB-

[ICRA]BB
[ICRA]D
[ICRA]B
[ICRA]BB[ICRA]B+
[ICRA]AA
[ICRA]B
[ICRA]B
[ICRA]BBB+
[ICRA]BB[ICRA]BB
[ICRA]B+
[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]AAA
[ICRA]BB
[ICRA]D
[ICRA]BB[ICRA]BB+
[ICRA]BBB

Stable

[ICRA]A2
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A2
[ICRA]A4

Stable

Stable

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A1+

Stable
Stable
Stable

[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4+
[ICRA]A4

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A1+
[ICRA]A4+

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+

[ICRA]B
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4+
[ICRA]A4

Company Name

Long Term

Short Term

S&IB Services Private Limited


S&P Structurals Private Limited
S. H. Ispat Udyog Private Limited
S. J. Logistics (India) Private Limited
S. M. Steels
S. S. Polymers
S. Satyanarayana & Co.
S.A. Aanandan Spinning Mills (P) Limited

[ICRA]BBB+
[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]BB
[ICRA]B
[ICRA]BB[ICRA]B+

Stable

Stable

[ICRA]A4
[ICRA]A4

S.A.Exports
S.A.N Garments Manufacturing Private
Limited
S.B. Sahoo & Co. Pvt. Ltd.
S.B.Cars Private Limited
S.C. Shah Enterprises
S.D. Education Trust
S.Gopal Kamath (Cochin) Private Limited

[ICRA]BB
[ICRA]BBB-

Stable
Stable

[ICRA]A4+
[ICRA]A3

S.K. Exports
S.K. Exports (Lower Parel)
S.K. Gold Chain Company Private Limited

[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]D
[ICRA]BB

[ICRA]BB[ICRA]B+

Stable
Stable

[ICRA]A2+
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A4
Stable

[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4

S.K. Rice Industries


S.K. Solvex Private Limited
S.K.R. Constructions
S.K.Somaiya College of Arts, Science &
Commerce
S.K.T Textile Mills
S.M. Cold Storage Private Limited
S.M. Sugars Private Limited
S.M.I.L.E. Microfinance Ltd
S.N.N. Textiles Private Limited
S.N.Q.S International Socks Private Limited

[ICRA]B+
[ICRA]B
[ICRA]BB
[ICRA]BBB[ICRA]BB+
[ICRA]B
[ICRA]BB[ICRA]BB+
[ICRA]B+
[ICRA]B+

Stable

S.N.Tradelink Pvt. Ltd.


S.P Superfine Cotton Mills Private Limited

[ICRA]BB[ICRA]B-

Stable

[ICRA]A4
[ICRA]A4

S.P. Apparels Limited


S.P. Jaiswal Estates Private Limited
S.R. Chaddha Industries Limited
S.R. Educational Trust
S.R.S Travels
S.R.S. Exports Private Limited
S.S Timber Traders
S.S. Construction
S.S. Cotton Industries Private Limited
S.S. Enterprises
S.Sony & Co. Private Limited
S.T. Woollen Mills Private Limited
S.T.G. Concrete Products
S.V. Patel & Sons
S.V.Poultries
S2 Realty
Saanika Industries Private Limited

[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]BB+
[ICRA]B+

Stable

[ICRA]A4
[ICRA]A4

Stable
Stable

Stable
Positive

[ICRA]A4+
[ICRA]A4
[ICRA]A4

[ICRA]A4

Stable
[ICRA]A4
[ICRA]A4

[ICRA]B[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]D
[ICRA]BB+

[ICRA]A4
[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4+

Company Name

Long Term

Saanj Aur Savera Educational and Welfare


Trust
Sabari Exim Private Limited
Sabari Krishna Enterprise
Sabari Textiles Private Limited
Sabarmati Gas Limited
SAC Engine Components Private Limited

[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]D
[ICRA]AA[ICRA]BBB-

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A1+
[ICRA]A3

Sachdev Food Products


Sachdev Food Products Private Limited

[ICRA]BB[ICRA]BB-

Stable
Stable

[ICRA]A4
[ICRA]A4

Sacheta Metals Limited


Sachinam Fabrics Private Limited
Sadananda Rice Mill
Sadasat Corn Products Private Limited
Sadguru Ginning & Pressing Pvt. Ltd.
Sadguru Medical & Research Centre Pvt.
Ltd
Sadhana Packaging Private Limited
Sadhbhawana Impex Private Limited
Sadhu Forging Limited
Safe Development Alms Trust
Safeco Hygiene Films Private Limited
Safeflex International Limited
Safe-Tronics Automation Private Limited

[ICRA]BB+
*
[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]B

Stable

[ICRA]A4+
*
[ICRA]A4

Saga Automotive India Private Limited


Saga Steels Private Limited
Sagar Automobiles Pvt Ltd
Sagar Drugs and Pharmaceuticals Private
Limited
Sagar Foods
Sagar Grandhi Exports Private Limited
Sagar Industries(Surendranagar)
Sagar International
Sagar Manufacturers Private Limited
Sagar Metallics Private Limited
Sah Polymers Limited
Sahajanand Technologies Private Limited

[ICRA]B+
[ICRA]D
[ICRA]BB[ICRA]BB

Sahara Engineering (P) Limited


Sahara Industries
Saharanpur Institute of Medical Sciences
Private Limited
Sahasra Electronics Private Limited
Sahasralingeshwara Power Private Limited

[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]BB+
[ICRA]B

Stable

[ICRA]A4+

Saheli Exports Private Limited


Sahib Synthetics
Sahitya Sadawart Samiti
Sahu Hydro Power Private Limited
Sahuwala Cylinders Private Limited
Sahuwala High Pressure Cylinders Private
Limited

[ICRA]BBB[ICRA]B
[ICRA]D
[ICRA]B+
[ICRA]BB[ICRA]D

Stable

[ICRA]A3

[ICRA]B
[ICRA]B+
[ICRA]BBB
[ICRA]D
[ICRA]BB[ICRA]BBB
[ICRA]B+

[ICRA]B
[ICRA]BBB+
[ICRA]B+
[ICRA]BBB[ICRA]B
[ICRA]BB
[ICRA]BB+

Short Term

Stable

Stable

[ICRA]A4

Stable

[ICRA]A3+

Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4

Stable
Stable

Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]D
[ICRA]A4

[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4

[ICRA]A4

Stable
[ICRA]D

Company Name

Long Term

Sahyadri Construction Company


Sahyadri Starch & Industries Private
Limited
Sai Bhaskar Irons Limited
Sai Chhaya Autolink Private Limited
Sai Deepika Parboiled Rice Industries
Sai Fertilizers Private Limited
Sai Global Yarntex (India) Private Limited

[ICRA]BB[ICRA]BBB+

Sai Hospital
Sai Marine Exports Private Limited
Sai Radha Developers
Sai Radha Pharma (India) Private Limited

[ICRA]B
[ICRA]BBB
[ICRA]C+
[ICRA]B

Sai Ram Constructions


Sai Regency Power Corporation Private
Limited
Sai Sannidhi Agro Tech
Sai Smaran Foods Limited
Sai Sponge (India) Limited
Sai Srushti Infrastructure Pvt. Ltd.
Sai Sudha Motors Private Limited
Sai Sulphonates Private Limited
Sai Surfactants Private Limited
Sai Traders
Sai Venkateshwara Rice Industries
Saija Finance Private Limited
Saikrupa Cotgin Limited
Sai-Laxmi Texofab
Sailganga EU Exports
Saimax Ceramic Private Limited
Sainath Autolinks Private Limited
Sainest Tubes Private Limited
Saini Alloys Private Limited
Sainor Laboratories Private Limited
Sainor Life Sciences Private Limited
Sainor Pharma Private Limited
Saj Food Products Pvt. Ltd
Sakku Spinning Mills Limited
Sakshi Markfin Private Limited
Sakthi Accumulators Private Limited
Sakthi Finance Limited
Sakthi Rice Mill
Sakthi Spintex Private Limited
Salarpuria Properties Private Limited
Salarpuria Simplex Buildcon LLP
Salarpuria Simplex Dwellings LLP
Salasar Balaji Industries
Salasar Plywood Private Limited
Salasar Steel And Power Limited
Salem-Ulunderpet Toll Road Private
Limited
Salguti Industries Limited

[ICRA]BB[ICRA]BBB+

[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]BBB[ICRA]B+

[ICRA]B
[ICRA]BB
[ICRA]BBB+(SO)
[ICRA]B+
[ICRA]B+
[ICRA]BBB+
[ICRA]BBB[ICRA]BB[ICRA]B+
[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]C
[ICRA]B+
[ICRA]BBB+
^
[ICRA]B
[ICRA]B
[ICRA]BBB
[ICRA]B+
[ICRA]D
[ICRA]A
[ICRA]BBB
[ICRA]A[ICRA]BB[ICRA]B+
[ICRA]D
[ICRA]BBB+
[ICRA]B-

Short Term

Stable
Stable

[ICRA]A4
[ICRA]A2

Stable

[ICRA]A3
[ICRA]A4

Stable

[ICRA]A3+

Stable
Stable

[ICRA]A2

Stable
Negative

[ICRA]A2(SO)

Stable
Stable
Stable

[ICRA]A2
[ICRA]A3

Stable

Stable

Stable

Stable

Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2
^
[ICRA]A4
[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]D

Stable
Stable
Stable
Stable
[ICRA]A4
[ICRA]D
Positive
[ICRA]A4

Company Name

Long Term

Short Term

Salicylates and Chemicals Private Limited

[ICRA]BBB-

Stable

Salig Ram Shiv Parshad


Saloni Jewellers Pvt Ltd
Sam Apparels Pvt Ltd
Sama Jewellery Pvt. Ltd.
Samagra Shikshana Samithi Trust
Samalpatti Power Corporation Ltd
Samarth Devcon Private Limited
Samasta Microfinance Limited
Samaya Stuctures
Sambasadashiv Cold Roll Mill (p) Ltd
Samdariya Builders Private Limited
SAME Deutz-Fahr India Private Limited
Sameep Fabrics Private Limited
Samet Plast
SAMHI Hotels (Gurgaon) Private Limited

[ICRA]BBB[ICRA]D
[ICRA]B+
[ICRA]BB
[ICRA]B
[ICRA]A[ICRA]B
[ICRA]BB
[ICRA]B
[ICRA]D
[ICRA]BB[ICRA]A+
[ICRA]B
[ICRA]B
[ICRA]BBB-

Stable

SAMHI Hotels Private Limited


[ICRA]BBB
SAMHI JV Business Hotels Private Limited [ICRA]BBB-

Stable
Stable

[ICRA]A3

Stable

[ICRA]A4
[ICRA]A4

Samrat Plywood Ltd


Samrat Remedies Limited
Samrat Sea Brines Private Limited
Samruddha Resources Limited
Sanat Printers
Sanchit Polymers
Sanchita Marine Products Pvt. Ltd.
Sandeep Lead Alloys (India) Private Limited

[ICRA]B+
[ICRA]BB
[ICRA]C+
[ICRA]BB+
[ICRA]BB[ICRA]BB+

Sandeep Rice Mill


Sandfits Foundries Private Limited
Sandha Heemghar Private Limited
Sandhar Technologies Limited
Sandhya Marines Limited
Sandhya Spinning Mills Limited
Sangal Papers Limited
Sangam Fashion Private Limited
Sangeetha Mobiles Private Limited
Sanghamithra Rural Financial Services
Sanghamitra Hospitals Private Limited
Sanghar Exports
Sanghar Warehousing
Sanghavi Bothra Engineering Co Pvt Ltd

[ICRA]B
[ICRA]BBB+
[ICRA]B
[ICRA]A+
[ICRA]BBB+
[ICRA]BB[ICRA]BB
[ICRA]BB
[ICRA]BBB
[ICRA]BBB[ICRA]BB
[ICRA]BB
[ICRA]BB[ICRA]BB-

Sanghvi & Sons


Sanghvi Movers Limited
Sanimo Polymers Private Limited
Sanjay Rice Mills Pvt. Ltd.
Sanjog Sugars & Eco Power Private
Limited
Sankalp Cotton & Oil Industries
Sankalp Engineering & Services Private
Limited

stable

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A2+

Stable

Stable
Stable

[ICRA]B+
[ICRA]D

[ICRA]A1+
[ICRA]A4
[ICRA]A4

Stable

Stable
Stable
Stable

[ICRA]A4+

Stable

[ICRA]A2
[ICRA]A4
[ICRA]A1
[ICRA]A2
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]B+

[ICRA]A+
[ICRA]B+
[ICRA]D
[ICRA]D

[ICRA]A3

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

Stable

[ICRA]A4+
[ICRA]A4+
[ICRA]A4

[ICRA]A4+
[ICRA]A4
[ICRA]A3
[ICRA]A1
[ICRA]A4
[ICRA]D

[ICRA]D

Company Name

Sankalp Realmart Private Limited


Sankar Cotton Traders
Sanmati Edible Oils Private Limited
Sanoor Cashews
Sansera Engineering Private Limited
Sanskar Bharti Foundation
Sanskar Educations Private Limited
Sanskar Synthetics Pvt. Ltd.
Sanskara Conbuild Private Limited
Sant Autos
Sant foods Private Limited
Sant Ram Rice & General Mills
Santhosh Rice Industries
Santhoshimathaa Edible Oil Refinery
Private Limited
Santosh Beej Bhandar
Santosh Fine-Fab Limited
Santosh Starch Products Limited
Sanzyme Limited
SAP Industries
Sapphire Lifesciences Private Limited
Sapphire Projects Private Limited
Saradhambika Paper & Board Mills Private
Limited
Saraf Builders
Saraf Fab Trade Private Limited
Sarash International
Saraswati Builders
Saraswati Rice & Gen. Mill
Saraswati Sugar Mills Limited
Saraswatipur Tea & Industries Limited
Saravana Global Energy Limited
Saravana Metal Corporation
Saravana Textiles Pvt Ltd
Sarawagi Automobiles Private Limited
Sarda Constructions
Sardar Cotton
Sardar Steel Industries
Sargam Metals Pvt Ltd
Sarthak Metals Marketing Pvt Ltd
Sarup Industries Limited
Sarv Biolabs Private Limited
Sarv India Home Furnishing
Sarveshvar Commodities India Private
Limited
Sarvodaya India Limited
Sasan Power Limited
Sasidhar Poultries Private Limited
Sat kartar Mining & Allied Services Private
Limited
Sat Sahib Steels
Satara Roller Flour Mills Private Limited
Satguru Metals and Power Private Limited

Long Term

[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]A+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]BB+

Short Term

Stable

[ICRA]A4
[ICRA]A1

[ICRA]A4

Stable

[ICRA]A4+

[ICRA]BB[ICRA]BB
[ICRA]B
[ICRA]BBB+
[ICRA]B+
[ICRA]BB
[ICRA]BB
[ICRA]B+

Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A2+
[ICRA]A4

[ICRA]BB[ICRA]B+
[ICRA]D
[ICRA]BB[ICRA]B
[ICRA]A[ICRA]B
[ICRA]C[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]BB
^
[ICRA]B+
[ICRA]B
[ICRA]BBB[ICRA]BBB[ICRA]BB[ICRA]B+
[ICRA]BB-

Stable

[ICRA]BB[ICRA]BBB
[ICRA]C+
[ICRA]BBB[ICRA]B
[ICRA]BB+
[ICRA]B+

Positive
Stable
Stable

[ICRA]A4
Stable

[ICRA]A4

Stable

[ICRA]A1

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

Stable
Stable
Stable

^
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A3
[ICRA]A4

Stable

[ICRA]A4

Stable
Negative

[ICRA]A4

Stable

Stable

Company Name

Long Term

Short Term

Sathya Shanmukha Traders


Sathyam Steel Roof Structures Limited
Satish Builders
Satish Chand Rajesh Kumar Private
Limited
Satish Sugars Limited
Satkar Logistics Private Limited
Satnaam Stone Crushers Private Limited

[ICRA]B+
[ICRA]B[ICRA]B
[ICRA]B+

Satpriya Mehamia Educational Trust


Sattva Developers Pvt. Ltd.
Sattva eTech India Pvt. Ltd.
Satva Infratech Private Limited
Satya Exports
Satya Power & Ispat Limited
Satya Surya Towers Private Limited
Satyam Enterprises
Satyam Krishna Infraproject Private Limited

[ICRA]D
[ICRA]A
[ICRA]A(SO)
[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]B

Satyam Spinners Private Limited


Satyavan Sales Promotion Private Limited

[ICRA]B+
[ICRA]BB-

Stable

[ICRA]A4
[ICRA]A4

Saurabh Agrotech Pvt Ltd


Saurashtra Calcine Bauxite and Allied
Industries Limited
Saurashtra Fuels Private Limited
Sauri Breeding Farms Private Limited
Savair Energy Limited
Savani Exports
Savera India Riding Systems Company Pvt
Ltd
Savex Computers Limited
Savfab Buildtech Private Limited
Savfab Developers Private Limited
Saviton Living Concepts
Saviton Metplast Pvt. Ltd.
Savitri Weaving
Savla Foods & Cold Storage Private
Limited
Sawlani Synthetics Private Limited
Sayaji Hotels Limited
Sayaji Industries Limited
Sayaji Packaging Private Limited
SBEE Cables (India) Limited
SBI Funds Management Private Limited
SBI Global Factors Limited
SCC Projects Private Limited
SCG Contracts India Pvt. Ltd.
School Book Company
Schrader Duncan Limited
SCI India Limited
SCJ Plastics Limited
Scorpios Apparels Private Limited
Scrabble Entertainment Limited

[ICRA]BB
[ICRA]BB-

Stable
stable

[ICRA]A4
[ICRA]A4

[ICRA]BB
[ICRA]BB+
[ICRA]B

[ICRA]A4
[ICRA]A4
Stable
Stable

Stable
Stable
Stable

[ICRA]A1(SO)
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+

[ICRA]D

[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]BB
[ICRA]A
[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+(SO)
[ICRA]BBB[ICRA]BBB
[ICRA]B[ICRA]BB+
[ICRA]AAA
[ICRA]AAA
[ICRA]B
[ICRA]BBB[ICRA]B+
[ICRA]A(SO)
[ICRA]B+
[ICRA]BBB
[ICRA]BB
[ICRA]A-

[ICRA]A4
stable
stable

[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

[ICRA]A1

[ICRA]A4
[ICRA]A4

[ICRA]A4(SO)
Stable
Stable
Stable
Stable
Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4+
[ICRA]A1+

Stable

[ICRA]A3

Stable

[ICRA]A1(SO)
[ICRA]A4
[ICRA]A3
[ICRA]A4+
[ICRA]A2+

Stable
Stable
Stable

Company Name

Long Term

Short Term

SE Composites Ltd.
SE Electricals Ltd.
Sea Sparkle Harbour Services Limited
Seaga India Pvt. Ltd.
Seagull Associates
Seagull Cooling Private Limited
Sealion Sparkle Port & Terminal Services
(Dahej) Ltd
Seanto Minerals and Energy Limited
Seasky Shipping India Private Limited
Seavalley Resorts Pvt Ltd
Seaward Exports Private Limited
Sebacic India Limited
Secon Private Limited
Secure Industries Private Limited
Secure Value India Limited
Securitrans India Private Limited
Securitrans India Private Limited
Security and Intelligence Services (India)
Limited
Seeco Enterprises Private Limited
Seeds & Grains India Private Limited
Seema Oil Traders
Seemanchal Institute of Medical Sciences
and Galaxy Hospital Private Limited

[ICRA]D
[ICRA]D
[ICRA]A+(SO)
[ICRA]B+
[ICRA]BB^

[ICRA]D
[ICRA]D

SEI Solar Power Gujarat Private Limited

Select Infrastructure Private Ltd


Seleno Steels Limited
Seleo Ceramic Private Limited
Selvakumar Spinners Private Limited
Selvel Advertising Pvt Ltd
Sembcorp Green Infra Limited
Senthamarai Marbles & Granites Private
Limited
Senthil Energy Private Limited
Senthil Murugan Jewellers Private Limited

[ICRA]AA
[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]D
[ICRA]A+
[ICRA]BB

Sentini Beverages Private Limited


Sentini Bioproducts Pvt Ltd
Sentini Ceramica (P) Limited
Sentini Hospitals Private Limited
Sepal Ceramic
Sepal Tiles Private limited
Sequent Research Limited
Sequent Scientific Limited
Servewell House Hold Appliances
Servion Global Solutions Limited
Servocontrols & Hydraulics (I) Private
Limited
Servocontrols Aerospace India Private
Limited
Servotech India Limited

[ICRA]BB[ICRA]BBB[ICRA]A[ICRA]BBB[ICRA]B+
[ICRA]B[ICRA]BBB
[ICRA]BBB+
[ICRA]BB
[ICRA]BBB[ICRA]B+

[ICRA]B
[ICRA]BB[ICRA]BBB[ICRA]BB
[ICRA]D
[ICRA]A
[ICRA]B
[ICRA]A(SO)
[ICRA]AA(SO)
[ICRA]AA(SO)
[ICRA]A[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]B

[ICRA]D
[ICRA]BB

Stable
Stable

[ICRA]A4
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

Stable

[ICRA]A3
[ICRA]D
[ICRA]A1
[ICRA]A4
[ICRA]A1(SO)
[ICRA]A1+(SO)
[ICRA]A1+(SO)
[ICRA]A1
[ICRA]A4
[ICRA]A4
[ICRA]A4

*
Stable
[ICRA]A4
Stable
[ICRA]D
Stable
Stable

[ICRA]A4+

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A2
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]B
[ICRA]BB

[ICRA]A4
[ICRA]A4
^
[ICRA]A2+

[ICRA]A2+
[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4

Company Name

Long Term

Short Term

Serwel Electronics Limited


Sesha Sai Cotton Company
Seth Ram Ji Das Modi Vidya Niketan
Society
Setmax Ceramic
Seven-11 Industries
Sevoke Motors Private Limited
Sewa Singh Oberoi & Company
SF Dyes Private Limited
SFO Technologies Private Limited
SFS Global Limited
SG International
SGC Logistic Solutions Limited
SGS Tekniks Manufacturing Pvt. Ltd
SH Infratech Private Limited
Shabari Farms
Shabnam Petrofils Private Limited
Shadiram & Sons
Shaf Broadcast Private Limited
Shagun Clothing Private Limited
Shah Laxmi Narayan Satish Chandra Exim
Private Limited
Shah Paper Mills Limited
Shah Precicast Private Limited
Shah Pulp & Paper Mills Limited
Shah Realty
Shah Technical Consultants Private Limited

[ICRA]D
[ICRA]B
[ICRA]BB

[ICRA]D

[ICRA]B[ICRA]B+
[ICRA]BB
[ICRA]BBB[ICRA]BB*
[ICRA]BBB+
[ICRA]B+
[ICRA]BBB[ICRA]BB[ICRA]BBB+
[ICRA]D
[ICRA]B
[ICRA]BB

Stable
[ICRA]A4
Stable
Stable
Stable
Stable

[ICRA]A3
[ICRA]A4*
[ICRA]A2+

Stable
Stable
Stable

[ICRA]A3

Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]A4
[ICRA]A4

[ICRA]A2+

[ICRA]BB
[ICRA]BB[ICRA]B+

Stable
Stable

[ICRA]BBB+
[ICRA]B+
[ICRA]BBB+
[ICRA]B+
[ICRA]BBB-

Stable

[ICRA]A2

Stable

[ICRA]A2

Shah Tiles Private Limited


Shailesh Forging Works
Shaili Infra Limited
Shakambri Khadya Bhandar
Shakeel Haider Engineers and Contractors

[ICRA]BB[ICRA]BB[ICRA]D
[ICRA]B[ICRA]D

Stable
Stable

Shakti Industries
Shakti Murugan Industries
Shakti Polytex Private Limited
Shakti Polytube Private Limited
Shakti Refoils and Agro Food Products
Private Limited
Shakti Sugars (Mills) Pvt Ltd.
Shakti Tex Coaters Private Limited
Shaktiman Bio Agro Industries Private
Limited
Shaktiman Cements and Packaging
Industries Limited
Shakumbhari Expo-Impo Limited
Shalibhadra Finance Ltd.
Shalini Publicity & Creative Private Limited

[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]BB-

Shambhu Textile Mills Private Limited


Shamli Steels Private Limited
Shangold (India) Limited
Shankar Parvati Industries

[ICRA]B
[ICRA]BB
^
[ICRA]B+

[ICRA]BB[ICRA]BB
[ICRA]B

Stable
[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A4

[ICRA]A4
[ICRA]A4
Stable
Stable
Stable

[ICRA]A4+

[ICRA]B
[ICRA]A4
[ICRA]BBB[ICRA]D

Stable
[ICRA]D

Stable

[ICRA]A4
[ICRA]A4
^

Company Name

Long Term

Shankar Rice & General Mills


Shankar Rice Mill
Shankara Infrastructure Materials Limited

[ICRA]B
[ICRA]B+
[ICRA]BBB

Shankara Sai Rice Industries


Shanker International Pvt. Ltd
Shankus Biosciences Pvt. Ltd.
Shanku's Foundation
Shannon & Shannon
Shantai Exim Limited
Shantesha Motors Private Limited
Shantha Trust
Shanthi Gears Limited
Shanthi Hospital & Research Centre
Shanti Developers
Shanti Devi Charitable Trust
Shanti Educational Trust
Shanti G.D. Ispat & Power Pvt. Ltd.
Shanti Gopal Concast Limited
Shanti Integrated Textile Park Private
Limited
Shanti Motors
Shantol Green Energy (India) Private
Limited
Shapers India Private Limited
Shapoorji Pallonji & Co. Ltd
Shapoorji Pallonji Energy (Gujarat) Pvt. Ltd.

[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]BB[ICRA]AA
[ICRA]B[ICRA]B[ICRA]B+
[ICRA]B[ICRA]BB+
[ICRA]BB[ICRA]BB-

Short Term

Stable
[ICRA]A4
[ICRA]A4
Stable
[ICRA]A4
Stable
Stable
Stable

[ICRA]A1+

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4

[ICRA]BBB
[ICRA]AA+
[ICRA]AA-

Stable
Stable
Stable

[ICRA]A2
[ICRA]A1+

Shapoorji Pallonji Roads Private Limited

[ICRA]AA+(SO)

Stable

Sharada Erectors Private Limited


Sharanamma Diggavi Memorial Education
Trust
Sharavathy Conductors Private Limited
Sharda Flour Private Limited
Sharda Timber Private Limited
Sharda Timbers
Share Microfin Limited
Sharief Marine Products Private Limited

[ICRA]BB
[ICRA]D

Stable

[ICRA]A4+

[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]B

Stable
Stable

[ICRA]A4
[ICRA]A4

Sharifa Agrotech and Food Processing


Private Limited
Sharma Brothers
Sharma Cars Private Limited
Sharma Kalypso Pvt Ltd
Sharman Woollen Mills Limited
Sharpline Automation Pvt. Ltd
Sharu Steels (P) Ltd.
Shasta Bio Fuels Private Limited
Shasun Pharmaceuticals Limited
Shatabdi Shiksha Prasar Sabha
Shaz Packaging LLP
Sheel Diamonds Exports Limited
Sheel Gems

[ICRA]B

[ICRA]B+
[ICRA]B

[ICRA]B+
[ICRA]B+
[ICRA]D
[ICRA]BB[ICRA]D
[ICRA]B+
[ICRA]BB
[ICRA]BBB+&
[ICRA]B
[ICRA]B
[ICRA]BB
[ICRA]BB

[ICRA]A4

[ICRA]A4
Stable

Positive

[ICRA]A4
[ICRA]D
[ICRA]A4
[ICRA]A4
[ICRA]A2&
[ICRA]A4

Stable
Stable

Company Name

Long Term

Short Term

Sheeltron Digital Systems Private Limited

[ICRA]BB-

Stable

Sheen India Private Limited


Sheetal Cool Products Private Limited
Sheetal Industries
Sheetal Manufacturing Company Private
Ltd
Shekhada Cot- Gin Pvt Ltd
Shelcon Properties Private Limited
Shell Apparels Private Limited
Shell MRPL Aviation Fuels and Services
Pvt Ltd
Sheth Ship Breaking Corporation
Shetrunjay Dyeing & Weaving Mills Limited

[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]A

Stable

[ICRA]B+
[ICRA]BB
[ICRA]BB+
[ICRA]AA-

Stable
Stable
Stable

Shikarpur & Bhandapur Tea Estates Private


Limited
Shikhar Housing Development Private
Limited
Shikshayatan Foundation
Shilpa Stock Brokers Private Limited
Shilpi Flocking Co Private Limited
Shimla Tolls and Projects Pvt. Ltd.
Shine Metaltech Private Limited
Shiny Shipping & Logistics Private Limited

[ICRA]B-

[ICRA]BBB
[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]D
[ICRA]BBB-

Stable
Stable

Shipra Hotels Limited


Shirani Automotives Private Limited
Shiridi Sainadh Industries
Shirpur-Warvade Municipal Council
Shitalpur Mohinder Kalimata Himghar
Private Limited
Shitaram Industries
Shiv Corporation
Shiv Cotex India Private Limited
Shiv Cotgin Private Limited
Shiv Cotton Industries- Tankara
Shiv Krupa Industries
Shiv Naresh Sports Private Limited
Shiv Offset (I) Pvt. Ltd.
Shiv Shakti Ashish Trust
Shiv Shakti Enterprise
Shiv Shakti Fibre Udyog
Shiv Shakti Ginning Factory
Shiv Shakti International
Shiv Shakti International Private Limited
Shiv Shakti Wahan Private Limited
Shiv Shanker Rice Mills
Shiv Ship Breaking Company
Shiv Vegpro Private Limited
Shiva & Shiva Orthopaedic Hospital Private
Limited
Shiva Fibres Private Limited
Shiva Global Agro Industries Limited

[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]BB+
[ICRA]B-

Stable

[ICRA]BB
^

Stable

[ICRA]A1+
[ICRA]A4
^

[ICRA]B

[ICRA]B
[ICRA]BB
[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BB+
[ICRA]BB
[ICRA]BB[ICRA]BB
[ICRA]BBB[ICRA]BBB
[ICRA]BB
[ICRA]BB

Stable

[ICRA]A4
[ICRA]A4

[ICRA]A3

[ICRA]A4
Stable

Stable
Stable

[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4

[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4+

[ICRA]A4
[ICRA]A2

[ICRA]A4+

Company Name

Long Term

Short Term

Shiva Parvati Poultry Feeds Private Limited [ICRA]BB

Stable

Shiva Polytubes Private Limited


Shiva Trading Company
Shiva Utensils Industries Pvt Ltd
Shivakriti International Limited
Shivalaya Construction Co Private Limited

[ICRA]BB+
[ICRA]B+

Stable

[ICRA]BB
[ICRA]BBB

Stable
Stable

Shivalik Fastners Private Limited


[ICRA]BBShivalik Polyadd Industries Private Limited [ICRA]B+

Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A4
[ICRA]A4

Shivalik Prints Limited


Shivam Agroprocess Private Limited
Shivam Concrete Technology &
Consultancy Private Limited
Shivam Cottex
Shivam Cotton & Oil Industries
Shivam Cotton Industries
Shivam Export
Shivam Hi Tech Steels Private Limited
Shivam Jewels
Shivam Motors Private Limited
Shivam Photovoltaics Private Limited
Shivam Syncotex Private Limited
Shivam Terine Private Limited
Shivani Trendz Private Limited
Shivganga Drillers Private Limited
Shivpriya Cables Private Limited
Shivshakti RealHome Private Limited
Shiwalay Enterprise
Shiwalya Spinning & Weaving Mills Limited

[ICRA]BB*
[ICRA]BB[ICRA]BB-

[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]BBB-

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A3

SHM Shipcare
Shodhana Laboratories Limited
Showtime Entertainment Private Limited

[ICRA]BB
[ICRA]A[ICRA]BB

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A2+

Shraman Ji Fabrics Private Limited


Shree Ajit Pulp & Paper Limited
Shree Ambika Sugars Limited
Shree Badri Kedar Udyog Private Limited

[ICRA]BB
[ICRA]A[ICRA]BB
[ICRA]B

Stable
Stable
Negative

[ICRA]A4+
[ICRA]A2+
[ICRA]A4

Shree Baidyanath Ayurved Bhawan Private


Limited
Shree Bala Ji Gum Industries
Shree Balaji Alumnicast Pvt. Ltd.
Shree Balaji Ice and Cold Storage
Shree Balaji Wire Netting Industries India
Private Limited
Shree Bhaarathi Cotton Mills Private
Limited
Shree Bhagyalaxmi Industries
Shree Bhandari Plastic Private Limited
Shree Cotex

[ICRA]A-

Stable

[ICRA]BB[ICRA]BB
[ICRA]B
[ICRA]BB-

Stable
Stable

[ICRA]A4

Stable

[ICRA]A4

[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]BB+
[ICRA]BB+
[ICRA]BBB[ICRA]B+
^
[ICRA]B+
[ICRA]B+

Stable
Stable

[ICRA]A4*
[ICRA]A4

*
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A3
[ICRA]A4
^

[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B

[ICRA]A4

Company Name

Long Term

Short Term

Shree Damodar Coach Crafts Private


Limited
Shree Enterprise
Shree Ganesh Cotton Industries
Shree Ganesh Metaliks Limited
Shree Ganesh Stampings Private Limited

[ICRA]B

Shree Ganeshji Gums Private Limited


Shree Ganpatlal Onkarlal Agrawal &
Company
Shree Gauri Rice Mill Private Limited
Shree Geeta Textile Mills Pvt. Ltd.
Shree Gopinath Paper Mills Pvt Ltd
Shree Gopinathji Agencies
Shree Gopinathji Cars Private Limited
Shree Govardhan Steels Private Limited

[ICRA]B[ICRA]BBB-

Shree Gurudatta Shikshan Sanstha


Shree Gurunanak Dev Rice Mill
Shree Hans Alloys Limited
Shree Hans Rice and General Mills
Shree Hari Corporation
Shree Hari Industries
Shree Hari Yarns Private Limited
Shree Harikrushna Cotton Industries
Shree Hazarilal Cold Storage Private
Limited
Shree Infra
Shree Jagdamba Agrico Exports Private
Limited
Shree Ji Cotfab Limited
Shree Kaushalya Fibers
Shree Khodal Cotton Processing Private
Limited
Shree Khodiyar Oil Industries
Shree Krishna Enterprise
Shree Krishna Impex
Shree Krishna Paper Mills & Industries
Limited
Shree Krishna Rice Mills
Shree Laxmi Guar Gum Industries
Shree Madhav Ispat Private Limited
Shree Manibhadra Food Product Private
Limited
Shree Metalloys Limited
Shree Murugan Flour Mills Private Limited

[ICRA]BB
[ICRA]B
[ICRA]BB+
[ICRA]B+
[ICRA]BB
[ICRA]BB
[ICRA]BB
[ICRA]B
[ICRA]B

Stable

Stable
Stable
Stable

[ICRA]A4+

[ICRA]BB[ICRA]BB-

Stable
Stable

[ICRA]A4

Shree Nakoda Global Ltd.


Shree Nakoda Infrasteel Private Limited
Shree Nakoda Ispat Ltd.
Shree Narayan Corporation
Shree Nath Ji Enterprises
Shree Navkar Tex Creations
Shree Omkar Construction Company

[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]BB-

[ICRA]BB
[ICRA]B
[ICRA]D
[ICRA]D

[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]BB+
[ICRA]BB
[ICRA]B+

Stable
[ICRA]D
[ICRA]D
[ICRA]A4
Stable

Stable
Stable
Stable

Stable

[ICRA]A4
[ICRA]A4

[ICRA]A4+
[ICRA]A4

[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B
^
[ICRA]B
[ICRA]C+

^
[ICRA]A4
[ICRA]A4

[ICRA]B[ICRA]B
[ICRA]D
[ICRA]BB

Stable

[ICRA]B+
[ICRA]BB-

Stable

[ICRA]D
[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A4
Stable

Stable

Company Name

Long Term

Short Term

Shree Oshiya Strips Impex Private Limited

[ICRA]BB-

Stable

[ICRA]A4

Shree Polyester Industries Private Limited

[ICRA]BB-

Stable

[ICRA]A4

Shree Pushkar Chemicals and Fertilisers


Limited
Shree R.N. Metals (India) Private Limited

[ICRA]BBB

Positive

[ICRA]A3+

[ICRA]B+

[ICRA]A4

Shree Radha Krishna Vinimay Private


[ICRA]B
Limited
Shree Radhekrushna Ginning and Pressing [ICRA]B
Private Limited
Shree Raghuvanshi Fibers Private Limited [ICRA]B+

[ICRA]A4

Shree Raj Agro Cold Storage


Shree Raj Mahal Diamonds Pvt. Ltd.
Shree Rajmoti Industries
Shree Ram Cottex Industries Private
Limited
Shree Ram Cotton Industries (Tankara)
Shree Ram Kripa Buildhome Private
Limited
Shree Ram Lime Products Private Limited

[ICRA]B
[ICRA]BB[ICRA]BB[ICRA]B

[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A4

[ICRA]B+
[ICRA]BB-

Stable

[ICRA]BB+

Stable

[ICRA]A4+

Shree Ram Pulse Mills


[ICRA]B
Shree Ram Steel Re Rolling Mill
[ICRA]BBShree Ramanand Industries Private Limited [ICRA]BB-

Stable
Stable

[ICRA]A4

Shree Ramkrushna Ginning & Oil Industries [ICRA]BB-

Stable

Shree Renuka Sugars Limited


Shree Rupanadham Steel Pvt. Ltd.
Shree Sachidanand Industries Private
Limited
Shree Sadbhav Cotton Industries
Shree Sai Baba Ship Breaking Company

[ICRA]BB
[ICRA]B+
[ICRA]D

Negative

[ICRA]A4
[ICRA]A4
[ICRA]D

[ICRA]B
[ICRA]BB

Stable

[ICRA]A4

Shree Saibaba Green Power Private


Limited
Shree Saibaba Sugars Pvt. Ltd.
Shree Samrat Pulp and Paper Private
Limited
Shree Shankar Vijay Saw Mill
Shree Shyam Cotton Industries
Shree Shyam Sponge and Power Limited

[ICRA]BBB-

Stable

[ICRA]D
[ICRA]BB+

Stable

Shree Siddheshwari Ginning Company


Shree Siddheshwari Oil Industries
Shree Siddhnath Cotex Private Limited
Shree Sita Edibles Private Limited
Shree Sita Refiners Private Limited
Shree Sumangal India Private Limited
Shree Swami Enterprise Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]BB^
^
[ICRA]BB[ICRA]B+

[ICRA]B+
[ICRA]B
[ICRA]BB+

[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A4+

Stable

Stable

^
^
[ICRA]A4

Company Name

Long Term

Shree Tikam Chand Educational and


Charitable Trust
Shree Tirupati Jee Filling Station
Shree TNB Polymers Ltd.
Shree Venkatesh Films Private Limited
Shree Venketesh Paper Mills Limited
Shree Yamuna Ginning and Pressing
Factory
Shreeji Autoworld Private Limited
Shreeji Construction
Shreeji Cotton Industries
Shreeji Food Processing
ShreejiKrupa Buildcon Limited
Shreejikrupa Projects Limited
Shreekant Oils Private Limited
Shreenathji Cotgin Private Limited
Shreenathji Dwellings Private Limited
Shreenathji Infrastructure Private Limited

[ICRA]D

Shreeom Wires Private Limited


Shreepati Castle
Shreepati Holdings & Finance Private
Limited
Shreepati Jewels
Shreeyam Power and Steel Industries
Limited (ruchi Power)
Shreno Limited
Shreya Broadcasting Private Limited
Shreyans Oil Limited
Shri Aavishkar Metals Private Limited
Shri Agrawal Educational and Cultural
Society
Shri Ambika Metaliks Private Limited
Shri Annapurna Rice Mills
Shri Aruna Constructions Private Limited

[ICRA]BB[ICRA]D
[ICRA]BB+

Shri Balaji Fibers


Shri Balaji Ginning Factory
Shri Balaji Literary and Charitable Society

[ICRA]B+
[ICRA]B+
[ICRA]D

Shri Balaji Sugars and Chemicals Private


Limited
Shri Chhatrapati Shahu Milk & Agro
Producer Company Limited
Shri Chhatrapati Shahu Sahakari Sakhar
Karkhana Limited
Shri Damodar Yarn Manufacturing Pvt Ltd

[ICRA]D

Shri Darshna Industries


Shri Dhanpat Rai Memorial Bal Shiksha
Vikas Society
Shri Doodhaganga Krishna Sahakari
Sakkare Karkhane Niyamit

[ICRA]BBB[ICRA]BB
^
[ICRA]BB
[ICRA]B
[ICRA]C
[ICRA]BB[ICRA]B+
[ICRA]D
[ICRA]D
[ICRA]BBB[ICRA]BB[ICRA]B
[ICRA]B
[ICRA]BB-

Short Term

Stable
Stable
Stable

[ICRA]A4
^
[ICRA]A4

Stable
[ICRA]D
Stable
Stable

[ICRA]A3
[ICRA]A4

Stable

[ICRA]A4

Stable

[ICRA]A4

Stable

[ICRA]A4+

[ICRA]D
[ICRA]D

[ICRA]D

[ICRA]BBB[ICRA]BB+
[ICRA]BB[ICRA]B+
[ICRA]B+

Stable
Stable
Stable

[ICRA]A3+
[ICRA]A4+
[ICRA]A4
[ICRA]A4

[ICRA]BB+
[ICRA]B
[ICRA]BB+

Stable

[ICRA]A4+

Stable

[ICRA]A4+

[ICRA]B
[ICRA]BB

Stable

[ICRA]BBB-

Stable

[ICRA]B+
[ICRA]A-

Stable

[ICRA]B-

[ICRA]A3
[ICRA]A4

Company Name

Shri Ganesh Fire Equipments (P) Limited

Long Term

Short Term

[ICRA]B

[ICRA]A4

Shri Ganesh Veg Oil Products Private


[ICRA]BB
Limited
Shri Ganga Bishan Cotton Mills
[ICRA]B
Shri Girija Alloy & Power (I) Private Limited [ICRA]D

Stable

[ICRA]D

Shri Govind Realty Pvt. Ltd.


Shri Haridarshan Jewellers
Shri Harkrishan Sahib Public Sr. Sec.
School
Shri Hiranyakeshi Sahakari Sakkare
Karkhane Niyamit
Shri ji Traders
Shri Krishna Agro Industries
Shri Krishna Autosales Private Limited
Shri Krishna Steelage (P) Ltd
Shri Lakshmi Metal Udyog Limited
Shri Lal Bahadur Shastri Research &
Training Institute
Shri Mahavir Cereals
Shri Modi Shikshan Sansthan
Shri Mohan Singh Shiksha Sansthan
Shri Nath Traders
Shri Prabhulingeshwar Sugars and
Chemicals Limited
Shri Ram Rice Mill
Shri Ram Rice Mills
Shri Ram Rolling Mill
Shri Ramalinga Mills Limited
Shri Rathi Steel Dakshin Limited
Shri Rathi Steel Limited
Shri Sakthi Papers India Pvt Ltd
Shri Satguru Metalloys Private Limited
Shri Senthurvelan Infras
Shri Shanker Gauri Agro Product Private
Limited
Shri Shyam Polycoat Pvt. Ltd.
Shri Shyamji Agrico Exports Private Limited

[ICRA]B[ICRA]BB[ICRA]B+

Stable

[ICRA]BB-

Negative

Shri Sode Vadiraja Mutt Education Trust

[ICRA]D

Shri Super Jain Timber Private Limtied


Shri T.P.Textiles Pvt Ltd
Shri Tradco Deesan Private Limited
Shri Tradco India Private Limited
Shri Tulsi Industries
Shri Tulsi Oil Products
Shri Venkateshwara Agro Industries
Shri Vinayak Seeds
Shri Vishnu Eatables (India) Limited
Shri Vishnu Overseas Private Limited
Shri Vishnu Perumaal Spin Yarn Limited

[ICRA]B+
[ICRA]BB
[ICRA]BBB
[ICRA]BBB
[ICRA]B+
[ICRA]B+
[ICRA]B+

[ICRA]B+
[ICRA]B[ICRA]BB[ICRA]B+
[ICRA]A(SO)
[ICRA]BB[ICRA]B
[ICRA]BBB
[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]BB+
[ICRA]BBB
[ICRA]BBB
[ICRA]BB[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]BB-

[ICRA]BB
[ICRA]BB
[ICRA]B

Stable
Stable
Stable

[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A1(SO)

[ICRA]A4
Stable

[ICRA]A4
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A3+
[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
[ICRA]D

Stable
Stable
Stable

Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A3+

[ICRA]A4
[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

Shrid Metal Technologies Private Limited

[ICRA]D

Shridhar Industries Katni Private Limited

[ICRA]B+

Shrie Harivallabi Spinners Private Limited

[ICRA]B

Shrijee Lifestyle Private Limited


Shrijee Sugar and Power Private Limited

[ICRA]BBB
[ICRA]B+

Stable

[ICRA]A3+

Shriji Polymers India Limited


Shrikishan & Company
Shrikishan And Company Private Limited

[ICRA]BBB+
[ICRA]BB+
[ICRA]BB-

Stable
Stable
Stable

[ICRA]A2
[ICRA]A4+
[ICRA]A4

Shrimati Jankidevi Educational Trust


Shrimati Sulochna Devi Education
Foundation
Shrinath Cotton Co.
Shrinath Rotopack Private Limited
Shrinathji Spintex Private Limited
Shrinet & Shandilya Construction Pvt. Ltd.

[ICRA]B+
[ICRA]B+

Shrini Softex India Limited


Shrinivasa Agro Foods Private Limited
Shrinivasa Cattle Feeds Private Limited
Shriniwas Education Society
Shriram Non Conventional Energy Limited

[ICRA]BB
[ICRA]BB
[ICRA]BB[ICRA]BB+
[ICRA]D

Shriram Power & Steel Private Limited


Shriram Properties Private Limited
Shriram SEPL Composites Private Limited

[ICRA]B[ICRA]BBB
[ICRA]BBB(SO)

Shriramkrupa Fibers
Shrirampur Municipal Council
Shrishti Technologies
Shriya Rice Mills
Shubh Motors Private Limited
Shubh Swastik Dal Mill Co. Pvt. Ltd.
Shubham Housing Development Finance
Company Private Limited
Shubham Industries
Shubhlaxmi Gum Industries
Shubhlaxmi Silk Mills
Shuddhi Jewellers Private Limited
Shukla Global Developers (India) Private
Limited
Shyam Coal Corporation
Shyam Cottex
Shyam Enterprises
Shyam Ferro Alloys Limited
Shyam Ferrous Limited
Shyam Industries
Shyam Sundar Estates Private Limited
Shyam Textiles Limited
Shyam Timber Private Limited

[ICRA]B
[ICRA]BB[ICRA]B+
[ICRA]B[ICRA]BB[ICRA]B
[ICRA]BBB

[ICRA]B
[ICRA]BBB[ICRA]B
[ICRA]D

[ICRA]B+
[ICRA]B+
[ICRA]B[ICRA]D
[ICRA]BBB[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]A[ICRA]B+

Stable

Stable
Stable
Stable
Stable

Positive
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]D
[ICRA]A4
[ICRA]A4+

[ICRA]A4
[ICRA]A3+
[ICRA]A2(SO)

Stable

Stable
Positive

Stable

Stable
Stable

[ICRA]A2+
[ICRA]A4

[ICRA]BB[ICRA]BB+
[ICRA]B+

Stable
Stable

[ICRA]A4+
[ICRA]A4

Company Name

Long Term

Short Term

Shyam Udyog
Shyama Power (India) Pvt. Limited
Shyamsundar Satyanarayan Textiles (P)
Limited
SICAL Iron Ore Terminal Limited
Sical Logistics Limited
Sical Multimodal and Rail Transport Limited

[ICRA]BB
[ICRA]BB+
[ICRA]B+

Stable
Stable

[ICRA]A4+
[ICRA]A4+

[ICRA]BBB+(SO)
[ICRA]BBB+
[ICRA]BBB+

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A2
[ICRA]A2

SICOM Investments and Finance Limited

[ICRA]BBB+

Stable

[ICRA]A2+

Siddham Jewels Pvt. Ltd


Siddharth Carbochem Products Limited
Siddharth Colorchem Limited
Siddharth Developers
Siddhartha Bronze Product Private Limited

[ICRA]BB[ICRA]BB+
[ICRA]BBB[ICRA]B+
[ICRA]B+

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A3

Siddhashram Rice Mill Cluster Private


Limited
Siddhi Cotton Ginning & Pressing Private
Limited
Siddhi Cotton Industries
Siddhi Ferrous LLP
Siddhi Industries
Siddhi Vinayak Agro Industries
Siddhi Vinayak Developers
Siddhivinayak Construction
Siddhivinayak Motors Pvt Ltd
Sidd's Jewels
Sidhant Creations Private Limited
Sidharth Construction & Trading Private
Limited
Sidhi Vinayak Metal and Salt Company
Private Limited
Sidhivinayak Filaments Private Limited
Sidvin Core-tech India Private Limited
Siesta Laminates Private Limited
Siewert and Dholakia Overseas Private
Limited
Sigma Chemicals
Sigma Chemtrade Private Limited
Sigma Corporation India Limited
Sigma Freudenberg NOK Pvt Limited
Sigma Moulds and Stamping Private
Limited
Signature Ceramic Private Limited
Signet Conductors Private Limit
Signet Industries Limited
Sikkim Manipal University
Siksha O Anusandhan
Silica Ceramica Private Limited
Silica Ceramica Pvt. Ltd.
Silica Infotech Private Limited
Silicon Life Sciences Private Limited
Siliguri Builder Stores

[ICRA]BB

Stable

[ICRA]B+
[ICRA]B+
[ICRA]B[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]BB
[ICRA]BBB
[ICRA]BB[ICRA]BBB-

[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A3+
[ICRA]A3

[ICRA]B
[ICRA]B
[ICRA]BB+
[ICRA]B
[ICRA]BB+

[ICRA]A4
Stable
Stable

[ICRA]A4+

[ICRA]BB+
[ICRA]BB

Stable
Stable

[ICRA]A+
[ICRA]BBB-

Stable
Stable

[ICRA]A4+
[ICRA]A4+
[ICRA]A2
[ICRA]A1+
[ICRA]A3

[ICRA]B+
[ICRA]B+
[ICRA]BB+
[ICRA]BBB+
[ICRA]B+
[ICRA]A-(SO)
[ICRA]BBB[ICRA]B+
[ICRA]BBB
[ICRA]BB-

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A3
[ICRA]A4
[ICRA]A4

Company Name

Long Term

Silpa Mega Projects Private Limited


Silver Cotton
Silver Crest Clothing Private Limited
Silver Fab Suitings Pvt Ltd
Silver Streak Hotels Private Limited
Silverdale Fashions
Silverglades Infrastructure Pvt. Ltd.
Silvertoan Papers Limited
Silverton Pulp and Papers Private Limited

[ICRA]D
[ICRA]B+
[ICRA]A
[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]BBB[ICRA]BB+

Silvertones Speciality Textiles Private


Limited
Simla Agencies
Simoco Telecommunications (South Asia)
Limited
Simola Vitrified Private limited
Simon India Limited
Simplex Overseas Private Limited
Simpolo vitrified Private Limited
Sims Ceramic Private Limited
Sindhu Cargo Services Limited
Sindu Enterprises
Singer India Limited
Singh Hindustan Marine Private Limited
Singh Transporters
Singhal Energy Private Limited
Singhal Enterprises Private Limited
(Raigarh Unit)
Singhal Metalloys Private Limited
Singhania Buildcon Private Limited
Singhania Merlin Estate
Singhania System Technologists Private
Limited
Singhvi Fashions Private Limited
Singla Forging Pivate Limtied
Singla Rice Oil & Gen. Mill
Sinosteel India Private Limited
Sipai Cotton Industries
Sipai Industries
Sipani Fibres Limited
Siporex India Pvt. Ltd.
Sir Shadi Lal Enterprises Ltd
Sireesh Auto Private Limited
Siri Tecon
Sita Agro Tech Private Limited
Sitaram Builders
SITI Cable Network Limited
SITI Cable Network Limited
Situations Advertising and Marketing
Services Pvt Ltd
Siva Sai Exports
Siva Sankar Motors Pvt Ltd
Siva Sankara Paper Mills
Sivaraj Spinning Mills Private Limited

[ICRA]B+

Short Term

Stable
Stable

[ICRA]A1

[ICRA]A4
Stable
Stable
Stable

[ICRA]A3
[ICRA]A4+
[ICRA]A4
[ICRA]D

[ICRA]D
[ICRA]B
[ICRA]BBB
[ICRA]BB[ICRA]A[ICRA]A[ICRA]BB+
[ICRA]B+
[ICRA]BB+
[ICRA]BB[ICRA]BBB
[ICRA]BBB
[ICRA]BBB
[ICRA]B
[ICRA]B[ICRA]BB+
[ICRA]BB
[ICRA]B+
[ICRA]BB
[ICRA]B
[ICRA]A[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]BBB[ICRA]D
[ICRA]BB[ICRA]BB^
[ICRA]BB[ICRA]AA(SO)
[ICRA]BBB+
[ICRA]BBB[ICRA]B
[ICRA]BB[ICRA]B+
[ICRA]A

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2
[ICRA]A2+
[ICRA]A2+

[ICRA]A4+
[ICRA]A4
[ICRA]A3+
[ICRA]A3+
[ICRA]A3+
[ICRA]A4

Stable
Stable

[ICRA]A4

Stable
Stable

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A2+

[ICRA]A3
[ICRA]D
[ICRA]A4
^
[ICRA]A4

[ICRA]A3+

Stable
Stable

[ICRA]A1

Company Name

Sivasri Engineering Private Limited


Sivaswati Textile Private Limited
Siwal Infracon Private Limited
Siyaram Metal Udyog Pvt. Ltd.
Siyaram Yarns Private Limited
SJ International
SJB Automobiles Private Limited
SJLT Spinning Mills Private Limited
SJLT Textiles Private Limited
SJS Enterprises Private Limited
SJS Enterprises Private Ltd.
SJS Healthcare Limited
SK Age Exports
SK Agros
SK Overseas
SK Systems Private Limited
SKA Infrastructure Private Limited
Skanray Healthcare Private Limited
Skardi Realtech Pvt. Ltd.
SKG Timbers Private Limited
SKH Metals Limited
SKI Carbon Black (India) Private Limited

Long Term

[ICRA]B+
[ICRA]BBB[ICRA]B+
[ICRA]B+
^
^
[ICRA]BB
^
^
[ICRA]BBB+
[ICRA]BBB+
[ICRA]BBB[ICRA]B
[ICRA]B
[ICRA]BB
[ICRA]D
*
[ICRA]BB
[ICRA]BB[ICRA]BB+
[ICRA]AA-

SKM Animal Feeds and Foods (India)


Limited
SKM Steels Limited
SKN Rice Industries
Skoda Auto India Private Limited
Sky India Metals Private Limited
Sky Line Infra Heights Private Limited
Skyline Agro Private Limited
Skyline Millars Limited
Skyview Ceramic
SLK Trade Linc
SLN Coffee Private Limited
SLN Rice Industries
SLN Technologies Private Limited
SLO Steel Industries Limited
SLR Metaliks Limited
SM Constructions
Small Johnson Floor Tiles Private Limited

[ICRA]BBB[ICRA]B+
[ICRA]AAA
[ICRA]D
[ICRA]B
[ICRA]B
[ICRA]BB+
[ICRA]B
[ICRA]BB[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]A-(SO)!
[ICRA]BB[ICRA]BB+

Smartstone Private Limited


SMC Power Generation Limited
SMI Coated Products Private Limited
Smile Ceramic
SMILE Microfinance Limited
Smit Developers
SML Finance Limited
SML Isuzu Limited
Smlash Ispat Private Limited
SMPP Private Limited
SMS Envocare Limited
SMS Envoclean Private Limited

[ICRA]B
[ICRA]B
[ICRA]BBB[ICRA]B+
[ICRA]BBB[ICRA]B+
[ICRA]BB+
[ICRA]AA[ICRA]B+
[ICRA]BB+
[ICRA]BB+
[ICRA]BBB-

Short Term

Stable

Stable

Stable
Stable
Stable

Stable

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A3

^
^
[ICRA]A4+
^
^

[ICRA]A3
[ICRA]A3

[ICRA]A4
[ICRA]D
*
[ICRA]A4
[ICRA]A4+
[ICRA]A1+
[ICRA]A2

Stable
Negative

[ICRA]A3
[ICRA]A4
[ICRA]A1+

[ICRA]A4
Stable
Stable
Stable

Stable
Stable
Stable

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2+(SO)!
[ICRA]A4+

[ICRA]A3
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A4
[ICRA]A4+
[ICRA]A4+

Company Name

Long Term

SMS Vidhyut Private Limited


[ICRA]BBSMS Waluj CETP Private Limited
[ICRA]BB+
Smt. Pyari Devi Educational Health Society [ICRA]BB+

Short Term

Stable
Stable
Stable

SMW Metal Pvt. Ltd.


SN Jyoti Associates Private Limited
SN Nirman Infra Projects Private Limited

[ICRA]BBB-&
[ICRA]BB[ICRA]BBB-SO)

Stable
Negative

Snam Abrasives Pvt. Ltd.


SNC Power Corporation Private Limited

[ICRA]BBB+(SO)
[ICRA]BBB+

Stable
Stable

SNJ Breweries Private Limited


SNJ Distillers Private Limited
SNJ Sugars and Products Limited
SNN Builders Pvt LTd
SNN Homes
SNN Properties LLP
SNN Spiritua Developers
Sobha Limited
Society Motors Limited
Sodhi Brothers Hydro Power Private
Limited
Sodium Metal Pvt. Ltd.
SOGEFI - MNR Engine Systems India
Private Limited
Soham Mannapitlu Power private Limited

[ICRA]BBB[ICRA]BBB
[ICRA]BBB
[ICRA]BBB
[ICRA]BBB
[ICRA]BBB
[ICRA]BBB
[ICRA]A
[ICRA]BB[ICRA]B-

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]BB+
[ICRA]A-

Stable
Stable

Soham Phalguni Renewable Energy Private


Limited
Soham Renewable Energy India Private
Limited
SOHO Limited
Solaimalai Enterprises
Solaire Impex Private Limited
Solairedirect Energy India Private Limited

[ICRA]B

[ICRA]A4+

[ICRA]A3&
[ICRA]A4

[ICRA]A2

[ICRA]A3+

[ICRA]A4

[ICRA]A4+

[ICRA]B+(SO)

[ICRA]B
[ICRA]B
[ICRA]BB

Stable

[ICRA]BBB

Stable

Solairedirect Projects India Private Limited

[ICRA]BBB-

Stable

Solapur Bio-Energy Systems Pvt. Ltd.


Solar Semiconductor Power Company
(India) Private Limited
Solarfield Energy Private Limited
Solid Johnson Floor Tiles Private Limited

[ICRA]D
[ICRA]BBB

Stable

[ICRA]A[ICRA]BB+

Stable
Stable

[ICRA]A4+

Solid State Systems Private Limited


Solidus Hi-Tech Products Private Limited

[ICRA]B+
[ICRA]BB-

Stable

[ICRA]A4
[ICRA]A4

Somatheeram Ayurvedic Hospital and Yoga


Centre Private Limited
Somic ZF Components Ltd
Somnath Cold Storage Private Limited
Sona Educational Society
Sona Fuji Kiko Automotive Ltd
Sona Koyo Steering Systems Limited

[ICRA]BBB-

Stable

[ICRA]A[ICRA]B
[ICRA]B[ICRA]BBB+
[ICRA]A+

Stable

[ICRA]A2+

Stable
Stable

[ICRA]A1

[ICRA]A4+
[ICRA]A2

Company Name

Long Term

Short Term

Sona Processors (India) Limited


Sonaki Ceramic
Sonal Adhesives Limited
Sonal Vyapar Limited
Sonalac Paints & Coatings Limited
Sonali Energees Private Limited
Sonam Builders
Sonapur Herbal Centre Private Limited
Soneri Marine Foods
Sonhira Sahakari Sakhar Karkhana Limited

[ICRA]BB+
[ICRA]B+
[ICRA]D
[ICRA]BB+
[ICRA]B
[ICRA]B+
[ICRA]BB+
[ICRA]D
[ICRA]B+
[ICRA]BB-

stable

Soni Realtors Private Limited


Sonkamal Enterprises Private Limited
Sonrise Tea Processing Company Private
Limited
South India Paper Mills Ltd
South India Sponge Iron Private Limited
Southern Agencies
Southern Batteries Pvt Ltd
Southern Cooling Towers Pvt Ltd
Southern Motorcycles
Sowbhagya Polymers Limited
SP Accure Labs Private Limited
SP Coal Resources Private Limited
SP Jammu Udhampur Highway Limited
SP Spinning Mills Pvt Ltd
Spa Ceramic Private Limited
SPA Heights Private Limited.
Space Creators
Space Gold Private Limited
Space Textiles Private Limited
Spaceage Associates Power Infra Private
Limited
Spacetech Equipments & Structurals
Private Limited
Spacewood Furnishers Private Limited
Spacewood Office Solutions Private Limited

[ICRA]BB
[ICRA]BBB[ICRA]BB-

Stable
Stable
Stable

[ICRA]BBB+
[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]D
[ICRA]BB
[ICRA]BB
[ICRA]BB[ICRA]B+
[ICRA]AAA(SO)
[ICRA]BBB
[ICRA]B[ICRA]B[ICRA]BB
[ICRA]D
[ICRA]BBB
[ICRA]BB-

Stable

[ICRA]A2+
[ICRA]A4

stable

[ICRA]A4
[ICRA]D

Span Pumps Private Limited


Spandan Multispeciality Hospital
Spark Electrodes Private Limited
Sparkle Port Services Limited
Sparsh Packagings Private Limited
Speciality Polymers Private Limited
Speciality Restaurants Limited
Speciality Silica Private Limited
Spectra Foods & Beverages Private
Limited
Spectrum Auxi-Chem Private Limited
Spectrum Ethers Limited
Spectrum Renewable Energy Private
Limited
SPI Properties Private Limited
Spic Fashions

[ICRA]A4
Stable

[ICRA]A4
Stable

Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4

[ICRA]A3

[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

[ICRA]D
[ICRA]BBB%
[ICRA]BB+

[ICRA]A4+

[ICRA]A3+
[ICRA]A4
[ICRA]D

Stable

[ICRA]A3+%
[ICRA]A4+

[ICRA]BB
[ICRA]B+
[ICRA]BB[ICRA]A+(SO)
[ICRA]BB[ICRA]BB
[ICRA]A+
^
[ICRA]BBB-

Stable

[ICRA]A4+

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A1(SO)
[ICRA]A4
[ICRA]A4
[ICRA]A1
^

[ICRA]BB[ICRA]BBB[ICRA]D

stable
Stable

[ICRA]B+
[ICRA]D

Stable
[ICRA]A4
[ICRA]A3

[ICRA]D

Company Name

Spice Islands Apparels Limited


Spintex Woollen Mills
Sportking India Limited
SPPL Hotels Private Limited (SHPL)
SPR Spirits Pvt Ltd
Spray Engineering Devices Limited
Springboard Enterprises India Limited
Sprint Cars Private Limited
Sprint Telefilms Private Limited
SPS Share Brokers Private Limited
Spun Micro Processing Private Limtied
SR Breweries Private Limited
SR Constructions
SR Distillery Private Limited
SR Metallizers
Sravanthi Energy Private Limited
SRB Promoters Pvt Ltd
SRC Chemicals Private Limited
Sre Venkatachalapathy Textiles
Sree Akkamamba Textiles Limited
Sree Ananthalakshmi Textiles Private
Limited
Sree Arulmani Exports
Sree Astalaxmi Spinning Mill Private
Limited
Sree Giridhari Raw and Boiled Rice Mill
Sree Godavari Kraft Papers Limited
Sree Gurudeva Charitable and Educational
Trust
Sree Jeyasoundharam Textile Mills Pvt.
Limited
Sree Karpagambal Mills Limited
Sree Kodandarama Boiled & Raw Rice Mill

Long Term

[ICRA]B
[ICRA]BBB
[ICRA]A-(SO)
[ICRA]D
[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]BB
[ICRA]BB
[ICRA]D
[ICRA]B
[ICRA]D
[ICRA]B
[ICRA]D
[ICRA]B+
[ICRA]BBB
[ICRA]B+
[ICRA]BB+
[ICRA]B
[ICRA]B
[ICRA]BB-

Short Term

Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A3+
[ICRA]D
[ICRA]A4
[ICRA]A4
*

Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4

Stable
Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4+

Stable

[ICRA]A4

[ICRA]B+
[ICRA]B+
[ICRA]B

[ICRA]A4

[ICRA]C

[ICRA]A4

[ICRA]B+
[ICRA]B+

[ICRA]A4

Sree Manjunatha Cotton Mills


[ICRA]B
Sree Narayana Gurukulam Charitable Trust [ICRA]B
Sree Rayalaseema Sugar & Energy Private
Limited
Sree Saastha Minerals Private Limited
Sree Satya Sreenivasa Raw and Boiled
Rice Mill
Sree Shanmuga Modern Rice Mill Private
Limited
Sree Shanthosh Steels Pvt Ltd
Sree Siddarameshwara Agro Industries
Sree Veera Bhadra Swamy Shopping Mall

[ICRA]D

[ICRA]B^
[ICRA]B

[ICRA]A4
^

Sree Venkateswara Motors (India) Private


Limited
Sree Vidyanikethan Educational Trust
Sree Vijayalakshmi Rice Industries
Sree Vinayaka Rice Mill
Sree Vishnupriya Motors

[ICRA]B+

[ICRA]A4

[ICRA]A4
[ICRA]B+
[ICRA]B+

[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]B+

Stable
[ICRA]A4

Company Name

Long Term

Sreelekshmi Cashew Company


Sreevasa Spinners Limited
Sri Aditya Homes Pvt. Ltd.
Sri Annapurna Agro Industries
Sri Aurobindo Institute of Medical Sciences

[ICRA]BBB[ICRA]B
[ICRA]B+
[ICRA]B[ICRA]B+

Sri Aurobindo Packagers Private Limited

[ICRA]B-

Sri Ayyappa Rice Industries


Sri Balaganapathy Spinning Mills
Sri Balaji Cotton Agro Industries
Sri Balaji Cotton Industries
Sri Balaji Educational and Charitable Public
Trust
Sri Balaji Industries
Sri Balaji Industries (Visakhapatnam)
Sri Balaji Traders
Sri Bhagawan Timbers
Sri Bhagwan Mahaveer Jain Educational
and Cultural Society
Sri Buchiyyamma Rice Mill
Sri Chaitanya Chlorides Ltd
Sri Chaitanya Rice Mill
Sri Devi Enterprises
Sri Dhanalakshmi Cotton & Rice Mills
Private Ltd
Sri Duraiappa & Co.
Sri Duraiappa Agency
Sri Duraiappa Stores
Sri Durga Prathima Poultries Private
Limited
Sri Enterprises
Sri Ganesh Automotive Impex (P) Ltd.
Sri Gangadhara Steels Limited
Sri Gayatri Minerals Private Limited
Sri Gita Texturisers
Sri Hanuma Enterprises
Sri Hari Har Overseas Pvt. Ltd.
Sri Harikrishna Saw Mill
Sri Harini Textiles Limited
Sri Jaibalaji Steel Rolling Mills Private
Limited
Sri Janardhan Raw and Boiled Rice Mill
Sri Jayarama Automotives Private Limited

[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B[ICRA]BB-

Sri Kannan & Co


Sri Kannapiran Mills Limited
Sri Karpaga Vinayagar Textiles
Sri Karunambikai Mills Private Limited
Sri Koduri Enterprises Private Limited
Sri KPR Industries Limited
Sri KPR Infra & Projects Ltd
Sri Krishna Kireeti Food Products

[ICRA]B[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]B
[ICRA]A-

Short Term

Stable

[ICRA]A3

[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4
Stable

Stable

[ICRA]A4

Stable

[ICRA]A1

[ICRA]BB
[ICRA]BB
[ICRA]BB
[ICRA]D
[ICRA]B+
[ICRA]B+
[ICRA]B

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A4

[ICRA]A-(SO)
[ICRA]B-

Stable

[ICRA]A4
[ICRA]A1(SO)

[ICRA]BB[ICRA]BB

Stable
Stable

[ICRA]A4
[ICRA]A4

[ICRA]BB[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]B
[ICRA]BB+
[ICRA]BB+
[ICRA]B

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4

[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]B

[ICRA]A4
Stable
Stable

[ICRA]A4+
[ICRA]A4+

Company Name

Long Term

Sri Krishna Nagai Maligai (Madurai) Private


Limited
Sri Krishna Rice Mill
Sri Krishna Shelters Pvt Ltd
Sri Lakshmi Ammal Educational Trust
Sri Lakshmi Egg Farming Private Limited

[ICRA]B+

Sri Lakshmi Ganapathi Rice Industries


Sri Lakshmi Janardhan Rice Industries
Sri Lakshmi Kantha Boiled and Raw Rice
Mill
Sri Lakshmi Narsimha Spinning Mills Pvt
Ltd
Sri Lakshmi Poultry Complex Private
Limited
Sri Lakshmi Poultry Farm
Sri Lakshmi Satyanarayana Raw & Boiled
Rice Mill
Sri Lakshmi Srinivasa Hi-Tech Industries

[ICRA]B+
[ICRA]BB[ICRA]B+

Sri Lakshmi Srinivasa Raw & Boiled Rice


Mill
Sri Lakshmi Venkateswara Hygienic Foods
Private Limited
Sri Lakshmi Venkateswara Modern Rice
Industries
Sri Lakshmi Vigneswara Rice Industry
Sri Lakshmikantha Enterprises Limited
Sri Lakshmikantha Spinners Limited
Sri Lalitha Enterprises Industries Private
Limited
Sri Laxmi Narasimha Industries
Sri Laxmi Revanth Rice Industries
Sri Laxmi Srinivasa Roller Flour Mills
Sri Maharaja Industries
Sri Maharaja Oil Imports & Exports India
Private Limited
Sri Maharaja Refineries
Sri Mahavir Crimpers
Sri Manakula Vinayaga Educational Trust

[ICRA]B+

Sri Manjunatha Spinning Mills Limited


Sri Matha Spinning Mills Private Limited
Sri MVR Cotton Oil Mills Private Limited
Sri Nagamalleswara Spintex (India) Private
Limited
Sri Nakoda Constructions Limited
Sri Narasus Coffee Company Limited
Sri Nidamanuri Educational Society
Sri Nukala Rama Koteswara Rao Textiles
Private Limited
Sri Padma Priya Finance Corporation
Sri Parvathi Parameswara Foods

[ICRA]B
[ICRA]A
[ICRA]B
[ICRA]B

[ICRA]BB
[ICRA]BB
[ICRA]BBB+
[ICRA]B+

Short Term

Stable
Stable
Stable

Stable

[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]B+

[ICRA]A4

[ICRA]B+

[ICRA]A4

[ICRA]B
[ICRA]BB-

Stable

[ICRA]B
[ICRA]A4

[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]D
[ICRA]A[ICRA]B+
[ICRA]B[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]BB[ICRA]BB[ICRA]B+

[ICRA]BBB[ICRA]BBB
[ICRA]BB[ICRA]BB
[ICRA]B+
[ICRA]B+

[ICRA]A4
Stable

[ICRA]A4
[ICRA]A4
[ICRA]D

Stable
[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A1
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A3+
[ICRA]A4

[ICRA]A4

Company Name

Long Term

Sri Priyanka Agro Enterprises Private


Limited
Sri Radha Krishna Rice Industries
Sri Raja Rajeswari Hotels (Vellore) Private
Limited
Sri Raju Cotton Mills
Sri Ram Food Industries
Sri Ram Industries
Sri Rama Educational Trust
Sri Rama Raw & Boiled Rice Mill
Sri Ramadas Paper Boards Private Limited

[ICRA]B

Sri Ramakrishnaa Textiles


Sri Ramalingeswara Aqua Feeds
Sri Ramalingeswara Modern Rice Mill
Sri Ramalingeswara Rice Mill
Sri Ravi Gold Palace
Sri Sai Baba Cotton Industries
Sri Sai Balaji Tobaccos Private Limited
Sri Sai Krishna Raw & Boiled Rice Mill
Sri Sai Lakshmi Rice Mill
Sri Sai Leela Electrical Projects
Sri Salasar Balaji Agro Tech (P) Ltd.
Sri Sankari Yarns Private Limited
Sri Santhoshi Matha Cotton Industries
Sri Saravana Tex Exports India Private
Limited
Sri Sarvaraya Sugars Limited
Sri Sathya Exim
Sri Sathyanarayana Educational Society

[ICRA]B
[ICRA]B+
[ICRA]BB+
[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]BB [ICRA]BBB[ICRA]B
[ICRA]B

Sri Savitr Solar Private Limited


Sri Seetharama Constructions
Sri Shanmugavel Mills Private Limited
Sri Shanmugha Educational Charitable
Trust
Sri Sharadha Timbers
Sri Shiva Durga Rice Industries
Sri Shiva Parvathi Industries
Sri Siva Rama Modern Raw & Boiled Rice
Mill
Sri Somesh Oils International Limited
Sri Someshwara Fertilizers & Chemicals

[ICRA]BB[ICRA]B+
[ICRA]A
[ICRA]D

Short Term

[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B[ICRA]B+
[ICRA]BB+

[ICRA]B
[ICRA]B+
[ICRA]BBB

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4+

Stable

[ICRA]A4
[ICRA]A4
Stable
Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4

[ICRA]A4
Stable
Stable
Stable

[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B+

[ICRA]A4
[ICRA]A4
[ICRA]A1

[ICRA]A4

[ICRA]B+
[ICRA]B+

[ICRA]A4

Sri Someshwara Fertilizers and Chemicals [ICRA]B+

[ICRA]A4

Sri Someshwara Projects Private Limited

[ICRA]B+

Sri Srinivas Industries


[ICRA]B+
Sri Srinivasa Constructions India Private
[ICRA]BB
Limited
Sri Srinivasa Educational & Charitable Trust [ICRA]BBBSri Srinivasa Ginning Mill

[ICRA]B+

Stable
Stable

[ICRA]A4
[ICRA]A4

Company Name

Sri Srinivasa Rice Mill


Sri Srinivasa Rice Mill Mahendrawada
Sri Srinivasa Spintex (India) Pvt. Ltd.
Sri Swetharka Constructions Private
Limited
Sri Toorsa Plantations Private Limited
Sri Uma Jewellers India Private Limited
Sri V.N.S. Spinning Mills India Private
Limited
Sri Vaibhav Muruga Agro Tech Industries

Long Term

Short Term

[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B+

[ICRA]A4

[ICRA]B
[ICRA]B
[ICRA]C+

[ICRA]A4

[ICRA]A4

[ICRA]B+

Sri Vaishnavi Spintex (I) Private Limited


[ICRA]B+
Sri Veera Venkata Satyanarayana Rice Mill [ICRA]BB
Sri Velayudhaswamy Spinning Mills Private
Limited
Sri Venkata Lakshmi Raw and Boiled Rice
Mill
Sri Venkata Padmavathi Raw and Boiled
Rice Mill
Sri Venkata Srinivasa Raw and Boiled Rice
Mill
Sri Venkata Umashankar Spintex Private
Limited
Sri Venkata Vigneswara Rice Industry
Sri Venkatachalapathy Spinning Mills Pvt
Ltd
Sri Venkateshwara Polymers
Sri Venkateswara Aerospace Private
Limited
Sri Venkateswara Aqua Culture
Sri Venkateswara Constructions
Sri Venkateswara Constructions Private
Limited
Sri Venkateswara Fertilizers Private Limited

[ICRA]A

[ICRA]A4
Stable
Stable

[ICRA]A1

[ICRA]B
[ICRA]B+

[ICRA]A4

[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BB

Stable

[ICRA]B
[ICRA]B+

[ICRA]A4
[ICRA]A4+

[ICRA]A4

[ICRA]B+
[ICRA]B+
[ICRA]B

[ICRA]A4

[ICRA]B

[ICRA]A4

Sri Venkateswara Infratech


Sri Venkateswara Modern Rice Mill
Sri Venkateswara Rice Industries
Sri Venkateswara Rice Mill
Sri Venkateswara Spintex (P) Limited
Sri Venkatram Spinners Private Limited
Sri Venkatramana Paper Mills Private
Limited
Sri Venkatramana Paper Mills Private
Limited
Sri Vidya Educational & Charitable Trust

[ICRA]D
[ICRA]B
[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]D
[ICRA]B+

[ICRA]D

[ICRA]BB+

Stable

Sri Vigneshwara Wood Industries


Sri Vigneswara Raw & Boiled Rice Mill
Sri Vijaya Lakshmi Raw & Boiled Rice Mill

[ICRA]BB[ICRA]B+
[ICRA]BB-

Stable

Sri Vijaya Venkateswara Cotton Mills Pvt.


Ltd.

[ICRA]BB-

Stable

Stable
[ICRA]A4
[ICRA]D
[ICRA]A4

[ICRA]B+

[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

Sri Vinayakha Spinning Mills Private


Limited
Sri Vishnu Priya Finance
Sri Vishnu Shankar Mill Limited
SriAdilakshmiPropertyDevelopersPrivate
Limited
Sriji Corporation Private Limited
Srikara Packaging Private Limited
Srilanand Mansion Private Limited
Srimannarayana Rice Industries
Srinagar Banihal Expressway Limited
Srinath Agencies
Srinath Builders and Housing Company
Private Limited
Srinath Trading Company
Srini Link
Srinidhi Real Estate and Constructions
Srinithi Enterprises Private Limited
Srinivasa Agro Products
Srinivasa Civil Works Private Limited
Srinivasa Edifice Private Limited
Srinivasa Farms Private Limited
Srinivasa Hair Industries
Srinivasa Rice Industries
Srinivasa Rice Industry
Srinivasa Sales and Service Private Limited

[ICRA]BB-

Stable

[ICRA]A4

[ICRA]B+
[ICRA]BB[ICRA]BB

Stable
Stable

[ICRA]A4

Sriram Spinning Mills Limited


Srishaila Constructions Pvt. Ltd
Srishti Infrastructures Ltd
Sriven Beer and Wine Distributors
Sriyansh Knitters
SRK Infra Projects Private Limited
SRK Infracon (India) Private Limited
SRL Diagnostics Private Limited
SRL Limited
SRM Power Private Limited
SRS Agri Foods
SRS Healthcare and Research Centre
Limited
SRS Limited
SRS Meditech Ltd
Srushti Corporation
Sruti Filatex Private Limited
SRV Synthetics
SS Corporate Securities Limited
SSBM Realty and Hospitality Private
Limited
SSIPL Lifestyle Private Limited
SSIPL Retail Limited
SSS Rice Mill Private Limited
St. John Sangam Trust
St. Johns Cashew Company

[ICRA]BB[ICRA]B+
[ICRA]BBB[ICRA]B+
[ICRA]BB[ICRA]BB
[ICRA]BB+

Stable

Stable
Stable
Stable

[ICRA]A4+

[ICRA]BB
[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]D
[ICRA]B[ICRA]BBB
[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]BB-

Stable
Stable

[ICRA]A4

Stable

[ICRA]A4

[ICRA]BB
[ICRA]BB+
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]B+
[ICRA]BB[ICRA]A[ICRA]A+
[ICRA]D
[ICRA]B
[ICRA]BBB-(SO)

Stable
Stable

[ICRA]A4

Negative

Stable

Stable
Stable

[ICRA]D
[ICRA]A4
[ICRA]A3+
[ICRA]A4

[ICRA]A4
Stable

[ICRA]A4

Stable
Stable
Stable

[ICRA]A2+
[ICRA]A1+

Stable

[ICRA]A3(SO)

[ICRA]BBB+
[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]BBB+
[ICRA]BB
[ICRA]BB-

Stable

[ICRA]A2
[ICRA]A4

[ICRA]A[ICRA]A[ICRA]BB[ICRA]BB+
[ICRA]B+

Positive
Positive
Stable
Stable

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2+
[ICRA]A4+

[ICRA]A4

Company Name

Long Term

Short Term

St. Johns Orthodox Church Society (Regd.) [ICRA]B+


Stable Packaging Private Limited
Stag International
Stallion Laboratories Private Limited
Standard Buildcon
Standard Chartered - STCI Capital Markets
Limited
Standard Consultants Limited
Standard Match Industries Pvt. Ltd.
Standard Retail Private Limited
Standard Retail Private Limited
Stanfab Apparels Private Limited
Star Alloys & Chemicals Private Limited
Star Alubuild Private Limited
Star Automobiles
Star Automobiles (MP) Limited
Star Circlips & Engineering Limited
Star Cotspin Limited
Star Industries
Star Pipe Products (India) Private Limited

[ICRA]B+
[ICRA]BBB[ICRA]BB[ICRA]BB

Positive
Stable
Stable

[ICRA]B+
[ICRA]BB+
[ICRA]BBB

Stable
Stable

[ICRA]BB+
[ICRA]B+
[ICRA]A+(SO)
[ICRA]BBB[ICRA]BB+
[ICRA]BB
^
[ICRA]BB[ICRA]BB

Positive

Star Rays
Starlite Lighting Ltd
Starwood Contracts Private Limited
Status Clothing Company Limited
STBL Projects Limited
STCI Finance Limited
Steamline Industries Limited
Steckbeck Jewelry Private Limited
Steel & Metals
Steel and Industrial Forgings Limited
Steel Max Rolling Mills Limited
Steel Products Limited
SteelMax Alloys Limited
Steer Engineering Private Ltd
Sterling & Wilson Energy Systems Private
Limited
Sterling & Wilson Private Ltd
Sterling and Wilson Powergen Pvt Ltd
Sterling Ceramics
Sterling Generators Pvt. Ltd
Sterling Stonex Private Limited
Sterling Tools Limited
Sterlings Mac Hotels Private Limited
Sterlite Networks Limited
Stewart Holl (India) Ltd.
STI Industries
Stonemen Crafts India Pvt. Ltd.
Stovekraft Private Limited
STP Limited
Stratford Realty LLP
Strawberry Studio Exports Private Limited

[ICRA]A[ICRA]A(SO)
[ICRA]BB+
[ICRA]B+
[ICRA]BB
[ICRA]AA
[ICRA]BB
[ICRA]BB+
[ICRA]BB[ICRA]C+
[ICRA]B+
[ICRA]C[ICRA]B+
[ICRA]BBB
[ICRA]BBB-

Stable
Stable
Stable

[ICRA]A+
[ICRA]BBB^
[ICRA]BBB[ICRA]B+
[ICRA]A
[ICRA]BB[ICRA]BBB[ICRA]A+
[ICRA]BB
[ICRA]BB
[ICRA]BB
[ICRA]B[ICRA]BBB[ICRA]BB

Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4+
[ICRA]A1+
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable
Stable

Stable
Stable

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A3+
[ICRA]A3+
[ICRA]A4+
[ICRA]A4

[ICRA]A4
^
[ICRA]A4
[ICRA]A4+
[ICRA]A2+
[ICRA]A1(SO)

[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A3
[ICRA]A1+
[ICRA]A3
^
[ICRA]A3
[ICRA]A4
[ICRA]A1

[ICRA]A1+
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4+

Company Name

Long Term

Short Term

Strides Arcolab Limited


Strongwire Industries
Stumpp Schuele & Somappa Springs
Private Limited
STUP Consultants Private Limited
Style One Retail Private Limited
Stylin Sanitarywares
Stylish Precast Private Limited
Stylo Tablewares
Subabhalaji Spinning Mills India Private
Limited
Subadra Textile Private Limited
Subaya Constructions Company Ltd
Subburaaj Cotton Mill Private Limited
Subex Limited
Subham Agro India
Subhamasthu Shopping Mall
Subhang Capsas Private Limited
Subhash Kumar Agrawal
Subhash Polytex Limited
Subhasri Pigments Private Limited
Subhodaya Chemicals Limited
Subros Educational Society
Subros Limited
Sudamo Impex Private Limited
Sudarshan Sulz Private Limited
Sudarshan TV Channel Limited
Sudeep Pharma Limited
Sudha Agro Oil and Chemical Ltd.
Sudhakara Infratech Private Limited
Sudhan Spinning Mills Private Limited
Sudharma Infratech Private Limited
Sudhir Agro Oils Private Limited
Sudhir Power Limited
Sudhir Power Projects Private Limited
Sudhir Transformers Limited
Sudiva Spinners Private Limited
Sugam Parivahan Limited
Sugna Metals Private Limited
Sugoi Motors Private Limited
Suguna Foods Limited
Suguna Ramaiah Hospitals Private Limited

[ICRA]A+&
[ICRA]B+
[ICRA]BBB

[ICRA]A1+&
[ICRA]A4
[ICRA]A2

Suhani Knitfab Private Limited


Sujala Infrastructure Private Limited
Sukhesh Marketing Private Limited
Sukhmani Cotton Industries
Sukhsagar Complexes Private Limited
Sulakshana Circuits Limited
Sulthan Gold Private Limited
Suman Electric Udyogs Private Limited
Suman Forwarding Agency Private Limited

[ICRA]B+
^
[ICRA]BB[ICRA]BB[ICRA]BBB+(SO)
[ICRA]C+
[ICRA]BB
[ICRA]BB[ICRA]BB

Stable

[ICRA]A
[ICRA]B
[ICRA]B
[ICRA]D
[ICRA]BB
[ICRA]B

Stable

Stable

[ICRA]A4

[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]BB
[ICRA]BBB+
[ICRA]BB[ICRA]BBB+
[ICRA]A+
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]BBB
[ICRA]BBB[ICRA]BB+
[ICRA]A
[ICRA]B
[ICRA]B+
[ICRA]AA[ICRA]AA-(SO)
[ICRA]AA-(SO)
[ICRA]BBB[ICRA]BBB
[ICRA]BB+
[ICRA]BB
[ICRA]BBB+
[ICRA]BBB-

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A3+
[ICRA]A4

[ICRA]A4

Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

Stable
Stable
Stable

[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A3
[ICRA]A4+
[ICRA]A1
[ICRA]A4
[ICRA]A1+
[ICRA]A1+(SO)
[ICRA]A1+(SO)
[ICRA]A3
[ICRA]A3+
[ICRA]A4+
[ICRA]A2

^
[ICRA]A4

[ICRA]A4
Stable
Stable
Stable

[ICRA]A4

Company Name

Long Term

Short Term

Suman Manufacturing Works Private


Limited
Suman Proteins Private Limited
Sumangal Petrochemicals Private Limited

[ICRA]B+

[ICRA]A4

Sumanglam Wood Products (I) Pvt. Ltd.


Sumanjali Parboiled Private Limited
Sumedha Construction Projects
Sumilon Industries Limited
Sumilon Polyester Limited
Summa Real Media Private Limited
Sun Enterprise
Sun Hospitality & Service Apartments
Private Limited
Sun Metallics & Alloys Private Limited
Sun Pharmaceutical Industries Limited
Sun Psyllium Industries
Sunair Hotels Limited
Sunalco Alloys Private Limited
Sunark Aluminium Industries Pvt Ltd
Sunborne Energy Gujarat One Private
Limited
Sunborne Energy Rajasthan Solar Private
Limited
Suncity Ceramics
Suncity Synthetics Limited
Sundaram Alloys Ltd.
Sundaram Asset Management Company
Limited
Sundaram BNP Paribas Home Finance
Limited
Sundaram Brake Linings Limited
Sundaram Finance Limited
Sundaram Hydraulics Limited
Sundaram Industries Limited
Sunder Marketing Associates
Sunderlal Moolchand Jain Tobacconist (P)
Limited
Sundernagar Integrated Rural Development
Association
Sunflag Filaments Limited
Sunglow Suitings Pvt. Ltd.
Sungold Tropic Fruit Products Private
Limited
Sungwoo Gestamp Hitech (Chennai)
Limited
Sunil Healthcare Limited
Sunil Industries
Sunland Ceramic Private Limited
Sunland Plus Vitrified Private Limited
Sunlex Ceramic Private Limited
Sunmark Ceramic
Sunny Valley Tea & Industries Limited
Sunoxx International

[ICRA]B[ICRA]B+
[ICRA]D
[ICRA]BBB[ICRA]BBB[ICRA]B+
[ICRA]B+
[ICRA]B

[ICRA]BB[ICRA]BB-

Stable
Stable

Stable
Stable

[ICRA]BB+
[ICRA]AAA
[ICRA]B+
[ICRA]BBB+
[ICRA]BB+
[ICRA]C[ICRA]BBB+

Stable
Stable

[ICRA]BB+

Stable

[ICRA]BB[ICRA]BB[ICRA]D
[ICRA]AA

Stable
Stable

[ICRA]AA+

Stable

[ICRA]BBB+
[ICRA]AA+
[ICRA]BB+
[ICRA]AA
[ICRA]B+
[ICRA]BB-

Stable
Stable
Stable
Stable

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A3
[ICRA]A3
[ICRA]A4
[ICRA]A4

[ICRA]A4+
[ICRA]A1+
[ICRA]A4
[ICRA]A2+
[ICRA]A4+
[ICRA]A4

Stable

[ICRA]A4
[ICRA]D

Stable

[ICRA]A2
[ICRA]A4+
[ICRA]A1+
[ICRA]A4

Stable

[ICRA]B+
[ICRA]A(SO)
[ICRA]BB-

Stable
Stable
[ICRA]A4

[ICRA]A+

Stable

[ICRA]BBB
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]D
[ICRA]BB+

Stable

[ICRA]A3+

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]D
[ICRA]A4+

Company Name

Long Term

Sunraj Cycle Industries


Sunrise Containers Limited
Sunrise Distributors
Sunrise Ginning Private Limited
Sunrise Hygiene Flours Private Limited
Sunshine Exports
Sun-Shine Food Products
Sunshine Industries
Sunshine Tiles Company Private Limited

[ICRA]B
[ICRA]A
[ICRA]BBB[ICRA]B
[ICRA]B

Sunstar Precision Forge Limited


Suntana Textile Mills Private Limited
Sunvik Steels Pvt Ltd
Sunwatt Soltech Private Limited
Sunway Infrastructure Services Limited
Sunworld Residency Pvt. Ltd.
Super Agro Industry
Super Auto Forge Private Limited
Super Electro Films Limited
Super Prime Construction Private Limited

Short Term

Stable
Stable

[ICRA]A4
[ICRA]A1

[ICRA]A4
[ICRA]B+
[ICRA]B[ICRA]BBB+

Stable

[ICRA]A2

[ICRA]BBB[ICRA]B[ICRA]BB
[ICRA]BB[ICRA]B
[ICRA]BB
[ICRA]B+
[ICRA]AA[ICRA]BB
[ICRA]B+

Stable

[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A1+
[ICRA]A4

Super Screws Private Limited


Super Smelters Limited
Super Stainless Steel
Supergems Jewellery Manufacturing Pvt.
Ltd.
Superhouse Limited
Supertex Woven Industries
Supertron Electronics Ltd
Suprabha Protective Products Private
Limited
Suprajit Engineering Limited
Supran Exim Private Limited
Supreet Chemicals Pvt Ltd
Supreme Audiotronics Private Limited
Supreme Heatreaters Private Limited
Supreme Holdings & Hospitality (India)
Limited
Supreme Mobiles Limited
Supreme Nutri Grain Private Limited
Supreme Paper Mills Limited
Supreme Power Equipment Private Limited

[ICRA]BB+
[ICRA]BBB+
[ICRA]B-

Stable
Negative

[ICRA]A4+
[ICRA]A2
[ICRA]A4
[ICRA]A4

[ICRA]A
[ICRA]BB
[ICRA]BBB+
[ICRA]BBB-

Negative
Stable
Stable
Stable

[ICRA]A2+
[ICRA]A4
[ICRA]A2

[ICRA]AA[ICRA]BB[ICRA]BB
[ICRA]B
[ICRA]B+
[ICRA]B+

Stable
Stable
Stable

[ICRA]A1+

[ICRA]BB[ICRA]B
[ICRA]BB[ICRA]B+

Stable

Supriya Spinning Mills Private Limited


Suraj Industries
Suraj Products Limited
Surana Ventures Limited
Surat Goods Transport Private Limited
Surbhi Ferro Impex Private Limited
Sure Safety Solutions Private Limited
Surendra Electricals Private Limited
Surface Preparation Solutions and
Technologies Pvt Ltd
Surfine Tools

[ICRA]B
[ICRA]BBB+
[ICRA]BBB[ICRA]BBB[ICRA]A[ICRA]B
^
[ICRA]B
[ICRA]B
[ICRA]BB

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4

Stable

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2+
[ICRA]A3
[ICRA]A3
[ICRA]A2+
^
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4

Company Name

Surinder Kumar & Co.


Surmount Laboratories Pvt. Ltd.
Surya Agro Agencies
Surya Agro Industries
Surya Automobiles Private Limited
Surya Exim Limited
Surya Foods
Surya Inns Limited
Surya Oil & Agro Industries
Surya Processors Private Limited
Surya Sri Rice Mill
Surya Synthetics
Surya Textech
Suryakanta Hydro Energies Private Limtied

Long Term

[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]BB+
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]BB[ICRA]B+
[ICRA]BB
[ICRA]BB-

Suryalakshmi Cotton mills limited


[ICRA]BBB
Suryamitra Exim Private Limited
[ICRA]BBSuryauday Solaire Prakash Private Limited [ICRA]BBBSuryauday Spinning Mills Private Limited

[ICRA]B+

Suryavanshi Spinning Mills Ltd.


Suryoday Micro Finance Private Limited

[ICRA]BB
[ICRA]BBB+

Short Term

[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4+

Stable
Stable

[ICRA]A3

Stable
Stable
Stable
Stable
Stable

[ICRA]A3+

[ICRA]A4
Stable
Stable

[ICRA]A4+
[ICRA]A3+

Suryodaya Infra Projects (I) Private Limited [ICRA]B+


Susee Auto Sales and Service Private
Limited
Susee Auto Spares Private Limited
Susee Automobiles Private Limited
Susee Finance and Leasing Private Limited

[ICRA]D

[ICRA]D

[ICRA]B[ICRA]B[ICRA]BB-

[ICRA]A4

Susee Motors (India) Private Limited


Susee Premium Automobiles Private
Limited
Susee Trucks Private Limited
Sushil Financial Services Pvt. Ltd.
Sushila Agrovet Private Limited
Sushma Buildtech Limited
Suttatti Enterprises Limited
Sutures India Private Limited
Suvarna Fibrotech Private Limited
Suvarna Lakshmi Jewellers
Suyash Auto Press Components &
Assemblys Private Limited
Suyash Polymer
Suyog Electricals Limited
Suzlon Energy Ltd
Suzlon Engitech Ltd.
Suzlon Generator Ltd.
Suzlon Gujarat Wind Park Ltd
Suzlon Power Infrastructure Ltd.
Suzlon Structure Ltd.
Suzlon Wind International Ltd.

[ICRA]B
[ICRA]B

Stable
Stable
[ICRA]A4

[ICRA]B+
^
[ICRA]BB+
[ICRA]BBB+
[ICRA]A
[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]BBB[ICRA]D
[ICRA]D
[ICRA]D
[ICRA]D
[ICRA]D
[ICRA]D
[ICRA]D

[ICRA]A4+
^
Stable
Stable
Stable

[ICRA]A2+
[ICRA]A1
[ICRA]A4

Stable

Stable

[ICRA]A4
[ICRA]A3
[ICRA]D
[ICRA]D
[ICRA]D
[ICRA]D
[ICRA]D
[ICRA]D
[ICRA]D

Company Name

Long Term

Short Term

Suzuki Synthetics Private Limited


Svarn Infratel Private Limited
Svarn Telecom Limited
Svarn Tex Prints Private Limited
SVC ventures private limited
SVE Castings PVt Ltd
SVG Fashion Ltd.
SVL Limited
SVM Cera Tea Limited
SVP Builders (I) Limited
SVR Drugs Private Limited
SVR Electricals Private Limited
SVR Infratech
SVR Laboratories Private Limited
SVR Spinning Mills Private Limited
SVS Classic Foods
SVS Food Processors Private Limited
SVSVS Projects Private Limited
SVT Infrastructure (India) Private Limited

[ICRA]BB[ICRA]BB[ICRA]BB[ICRA]B+
[ICRA]BB[ICRA]BB
[ICRA]A
[ICRA]BBB
[ICRA]B
[ICRA]BB+
[ICRA]BB
[ICRA]B
[ICRA]B
[ICRA]BB
^
[ICRA]BB[ICRA]B[ICRA]B+
[ICRA]BBB-(SO)

Stable
Stable
Stable

Swadeshi Marketing Private Limited


Swagat Developers
Swapna Projects Private Limited
Swarnmandir Jewel Designer Private
Limited
Swashthik Caps Private Limited
Swashthik Industriees
Swashthik Preforms Private Limited
Swastik Aahar Mills Private Limited
Swastik Association
Swastik Coal Corporation Private Limited

[ICRA]BB[ICRA]BB
[ICRA]BB[ICRA]BB

Stable
Stable
Stable
Negative

Swastik Enterprise
Swastik Industries
Swastik International
Swastik Marketing
Swastik Marketing
Swastik Plastics
Swastik Power and Mineral Resources
Private Limited
Swastik Realty Private Limited
Swastik Tradelink Private Limited
Swastik Traders
Swastik Traders
Swati Chlorides Private Limited
Swayamprabha Udyam & Co
Swift Enterprise Private Limited
Swiss Glascoat Equpments Limited
Switchgears & Structurals (India) Private
Limited
Sycon Constructions Private Ltd.
Symcom Communication
Symcom Exim Private Limited

[ICRA]BB[ICRA]B

[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]BBB-

[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]D
^
[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]C+
[ICRA]BBB
[ICRA]B+
[ICRA]BB[ICRA]BB[ICRA]B

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]A1
[ICRA]A4

Stable
Stable

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4+
^
[ICRA]A4

Stable
[ICRA]A4
[ICRA]A4
[ICRA]A4+

[ICRA]A4
[ICRA]A4
Stable
Stable
Stable

[ICRA]A3

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

^
[ICRA]A4

Stable

Stable

Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A3+
[ICRA]A4

[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

Synechron Technologies Private Limited

[ICRA]A-

Stable

[ICRA]A1

Synergy Systems & Solutions


Syngene International Limited
Synnova Gears & Transmissions Private
Limited
Synthetic Packers Private Limited
Systematix Shares & Stock (I) Limited
T A Pai Management Institute
T S Alloys Limited
T.C. Spinners Private Limited
T.J. Sivananda Mudaliar Educational Trust

[ICRA]BB[ICRA]AA
[ICRA]BB

Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+

[ICRA]BBB[ICRA]BBB[ICRA]BBB

Positive
Stable
Stable

[ICRA]A3
[ICRA]A3

[ICRA]B+
[ICRA]BB-

Stable

T.K. Engineering Consortium Private


Limited
T.M. Patel Processing Pvt. Ltd.
Taal Tech India Private Limited
Tablets (India) Limited
Tadas Wind Energy Limited
Tadimety Aromatics Pvt. Ltd.
Taegutec India Private Limited
Tag Corporation
Tagros Chemicals India Limited
Taj Agro Commodities Pvt. Ltd.
Taj GVK Hotels & Resorts Limited
Talbros Engineering Limited
Talwalkars Better Value Fitness Limited
Talwar Commercial Private Limited
Tamil Nadu Co-operative Housing
Federation Limited
Tamil Nadu Dindigul Karur Expressway
Limited
Tamilnadu Newsprint and Papers Limited

[ICRA]BBB+

Stable

[ICRA]BB[ICRA]BB[ICRA]BBB
[ICRA]BBB+
[ICRA]BB+
[ICRA]AA[ICRA]BBB+
[ICRA]BBB+
[ICRA]BB[ICRA]A+
[ICRA]BBB
[ICRA]AA
[ICRA]BB
[ICRA]D

Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A

Stable

[ICRA]A1

Taneja Vidyut Control Private Limited


Tanfac Industries Ltd
Tangling Mini Hydel Power Project
Tanna Agro Impex Pvt Ltd
Tapan Solar Energy Pvt. Ltd
Tapi Prestressed Products Limited
Tapti Valley Education Foundation
Tara Chand Rice Mills Pvt. Ltd
Tara Exports
Tara Foods
Tarajyot Polymers Ltd
Tarini Motors Private Limited
Tasa Foods Private Limited
Tashkent Oil Company Private Limited
Tasty Bite Eatables Limited
Tata Advanced Materials Limited
Tata Business Support Services Limited

[ICRA]BB[ICRA]BB+
[ICRA]C
[ICRA]BBB[ICRA]B[ICRA]C
[ICRA]D
[ICRA]BB[ICRA]B+
[ICRA]B+
[ICRA]BBB
[ICRA]B+
[ICRA]B
[ICRA]BBB[ICRA]BBB+
[ICRA]A
[ICRA]A+

Stable
Negative

[ICRA]A4
[ICRA]A4+

Stable

[ICRA]A3

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A2+
[ICRA]A2+
[ICRA]A1+

Tata Capital Financial Services Limited


Tata Capital Limited

[ICRA]AA+
[ICRA]AA+

Stable
Stable

[ICRA]A1+
[ICRA]A1+

[ICRA]A1+&
[ICRA]A4

[ICRA]A2

[ICRA]A4
[ICRA]A3+
[ICRA]A4+
[ICRA]A1+
[ICRA]A2
[ICRA]A2
[ICRA]A4
[ICRA]A1+
[ICRA]A2

[ICRA]D

[ICRA]A4
Stable

Stable

Company Name

Tata Coffee Limited


Tata Consultancy Services Limited
Tata Consulting Engineers Ltd
Tata Cummins Limited
Tata Elxsi Limited
Tata Global Beverages Limited
Tata Hitachi Construction Machinery
Company Limited
TATA International DLT Private Limited
Tata International Limited
Tata Metaliks DI Pipes Limited
Tata Metaliks Ltd
Tata Motors Finance Ltd
Tata Motors Ltd
Tata Petrodyne Limited
Tata Power Company Ltd, The
Tata Power Delhi Distribution Ltd
Tata Sponge Iron Limited
Tata Steel Processing and Distribution
Limited
Tata Teleservices (Maharashtra) Ltd
Tatwa Technologies Limited
Taurus Tiles Private Limited
Taxus Infrastructure & Power Projects
Private Limited
TBPR Infra Projects Private Limited
TCS & Associates Pvt. Ltd.
TDI International India Private Limited
Tea Board of India
Team Engineers Advance Technologies
India Private Limited
Team Ferro Alloys Private Limited
Team Interventure Exports (India) Private
Limited
Tech Auto Private Limited
Techmech Engineers
Techno Exports
Techno Force Solution (I) Private Limited

Long Term

Short Term

[ICRA]AA
[ICRA]AAA
[ICRA]AA
[ICRA]AA
[ICRA]AA
[ICRA]AA+
[ICRA]A+

Positive
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1+
[ICRA]A1+

[ICRA]A[ICRA]A+
[ICRA]A%
[ICRA]A%
[ICRA]AA
[ICRA]AA
[ICRA]A+
[ICRA]AA
[ICRA]AA[ICRA]AA
[ICRA]AA-

Stable
Stable

[ICRA]A2+
[ICRA]A1
[ICRA]A1%
[ICRA]A1%
[ICRA]A1+
[ICRA]A1+
[ICRA]A1+

[ICRA]A
[ICRA]C
[ICRA]BB
[ICRA]B+

Stable

Stable
Stable
Stable
Negative
Stable
stable
Stable

[ICRA]A1+
[ICRA]A1+
[ICRA]A1

[ICRA]A1+
[ICRA]A1+
[ICRA]A1+

Stable

[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A4

[ICRA]BB+

Stable

[ICRA]A4+
[ICRA]A4

[ICRA]BBB
[ICRA]B+

Stable

[ICRA]BBB-

Stable

[ICRA]A3+
[ICRA]A4
[ICRA]A4
[ICRA]A3

Techno India
[ICRA]C+
Techno Process Equipments (India) Limited [ICRA]BBB-

Stable

[ICRA]A3

[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]AA
[ICRA]B-

Technomark Engineers India Private


Limited
Techpark hotels Private Limited
Techser Power Solutions Private Limited

[ICRA]B+

[ICRA]A4

[ICRA]BBB
[ICRA]BBB-

Stable
Stable

Techsutre Industries Limited


Teekay Marines Private Limited
Teesta Rangit Private Limited
Teesta Urja Ltd
Teestavalley Power Transmission Limited

[ICRA]BB-

Stable

[ICRA]A4
[ICRA]A4

Tegh Cables Private Limited

[ICRA]BB-

Stable

[ICRA]A4

[ICRA]A3

[ICRA]D
[ICRA]D
[ICRA]B+

Company Name

Long Term

Short Term

Tejas Networks Limited


Tejaswi Jewellers Private Limited
Tejaswi Motors Private Limited
Telephone Electronic Corporation
Tema India Limited
Terra Energy Limited
Tesna Tech Private Limited
Texport Industries Private Limited
Tex-Styles International Private Limited
Textrade International Ltd
Textrend Lifestyle Private Limited
Texworth International
Thakar Chemicals Limited
Thakar Dass Nand Gopal
Thakkar Popatlal Velji Sales Limited
Thanga Prataph Spinning Mills (P) Ltd
Thangamayil Jewellery Limited
Thanjavur Spinning Mills Limited
Thanjavur Spinning Mills Limited
The Associated Auto Parts Limited
The Coronation Arts Crafts
The Dhamra Port Company Limited
The Diocesan Corporation of Jabalpur
The Friends Tea Company Limited
The Government Tele-communication
Employees Co-operative Society Limited

[ICRA]BBB+
[ICRA]D
[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]BB
[ICRA]BB[ICRA]BBB+
[ICRA]C+
[ICRA]BB+
[ICRA]B[ICRA]BB
[ICRA]BB[ICRA]B+
[ICRA]BB+
[ICRA]C+
[ICRA]BB+
[ICRA]AA-(SO)
[ICRA]B+
[ICRA]A+
[ICRA]BB[ICRA]A[ICRA]BB^
[ICRA]BBB-

Stable

[ICRA]A2+

The Grob Tea Company Limited


The Indian Electric Co
The Indian Express Limited
The Indian Steel & Wire Products Limited

[ICRA]A[ICRA]BBB[ICRA]BBB+
[ICRA]A-

Stable
Stable
Stable
Stable

The Indian Wood Products Company


Limited
The Industrial Development Corporation of
Orissa Ltd
The Kothari Wheels
The Mahabir Jute Mills Limited
The Malt Company (India) Private Limited

[ICRA]BBB-

Stable

[ICRA]A3

[ICRA]BB-

Stable

[ICRA]A4

[ICRA]BB
[ICRA]BB[ICRA]BB

Stable
Negative
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

The Manimahesh Hydel Power Projects Cooperative Society


The Manjri Stud Farm Private Limited
The Poona District Police Co-operative
Credit Society Limited
The Ramco Cements Limited
The Scottish Assam (India) Limite
The Standard Brick and Tiles Company
(Yelahanka) Private Limited
The Travancore Mats and Matting Co
The Umrao Institute of Medical Science &
Research
The Vasista Educational Society
The Weave Land

[ICRA]B+

Positive

[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A4+

Stable
Stable

[ICRA]A4

Stable
Negative
Stable
Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2+
^

Negative

[ICRA]A3
[ICRA]A2+

[ICRA]A
[ICRA]BB+

Stable
Stable

[ICRA]AA
[ICRA]BBB+
[ICRA]D

Stable
Stable

[ICRA]A1+

[ICRA]BB+
[ICRA]BB-

Stable
Stable

[ICRA]A4+

[ICRA]D
[ICRA]BBB

Stable

[ICRA]D
[ICRA]A3

Company Name

Long Term

Short Term

The Winning Edge Agro Products


The WoodInd
The World Retails Private Limited
Theme Export Private Limited
Thermax Babcock & Wilcox Energy
Solutions Private Limited
Thermax Babcock & Wilcox Energy
Solutions Private Limited
Thermax Engineering Construction
Company Limited
Thermax Engineering Construction
Company Limited
Thermax Instrumentation Limited
Thermax Limited
Thermodyne Technologies Private Limited

[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]BBB+

Negative

[ICRA]AA-(SO)

Stable

[ICRA]AA

Stable

[ICRA]AA+(SO)

Stable

[ICRA]AA[ICRA]AA+
[ICRA]BB+

Stable
Stable
Stable

[ICRA]A1+
[ICRA]A1+
[ICRA]A4+

Theva & Co.


Thiru Arooran Sugars Limited
Thirumathi Muthammal Textiles Private
Limited
Thirumeni Finance Private Limited
Thomas Hotels & Resorts India Private
Limited
Thriveni Car Company Private Limited
ThyssenKrrupp Industries India Private
Limited
TI Steels Private Limited
Tide Water Oil Co. (India) Pvt. Ltd.
Tightwell Fastners
Tinka Stones Private Limited
Tinna Rubber & Infrastructure Limited
Tinna Trade Private Limited
Tinplate Company of India Ltd. The
Tippers & Trailers India Private Limited
Tirthanjali Educational Society
Tirumala Cotton and Agro Products Pvt.
Ltd.
Tirumala Finetex Private Limited
Tirumala Seven Hills Pvt Limited
Tirupathi Yarntex Spinners Private Limited

[ICRA]BB
[ICRA]BB
[ICRA]BB-

Stable
Negative
Stable

[ICRA]A4+
[ICRA]A4

[ICRA]BB
[ICRA]B

Stable

[ICRA]BB[ICRA]AA

Stable
Stable

[ICRA]BB[ICRA]AA
[ICRA]BB+
[ICRA]B
[ICRA]BB[ICRA]BB[ICRA]AA[ICRA]BB
[ICRA]BBB
[ICRA]BB

Stable
Stable
Stable

[ICRA]BB[ICRA]BB[ICRA]C+

Stable
Stable

Tirupati Agro Food Products


Tirupati Agro Product
Tirupati Balaji Foods Private Limited
Tirupati Cement Products
Tirupati Conductors Private Limited
Tirupati Cotex
Tirupati Cotton (Fund Based)
Tirupati Educational & Welfare Trust
Tirupati Forge Private Limited
Tirupati Medicare Limited
Tirupati Oil Industries
Tirupati Plastomatics Private Limited
Tirupati Services Private Limited

[ICRA]B
[ICRA]B[ICRA]BB[ICRA]BB+
[ICRA]BB+
[ICRA]B[ICRA]B+
[ICRA]B
[ICRA]B
[ICRA]BB+
[ICRA]B^
[ICRA]BB-

[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2

[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A1+
[ICRA]A4+
[ICRA]A4+

[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4+

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+

Stable

^
[ICRA]A4

Company Name

Long Term

Tirupati Starch & Chemicals Limited


Tirupur Thirukumaran Textiles Private
Limited
Tirushivam Realty Pvt. Ltd.
Titan Company Ltd
Titan Timeproducts Limited
TMI Healthcare Private Limited
TNR Estates Private Limited
Tomco Engineering Private Limited
Topland Ceramic Private Limited
Topland Engine P Ltd
Topland Exports
Toplink Motors Private Limited
Toronto Ceramic Private Limited
Torque Cars Private Limited
Torrent Cables Ltd
Torrent Pharmaceuticals Limited
Toshali Cements Private Limited
Tota Utpannagala Marata Sahakara
Sangha N
Total Environment Living Spaces Private
Limited
Toto PVC Leather Pvt. Ltd.
Toyop Relief Private Limited
TPP Boilers Private Limited
Track Innovations (India) Private Limited
Tracks & Towers Infratech Pvt Ltd
Trade Wings Limited
Trans Asian Shipping Services (Private)
Limited
Trans Conduct (India)
Trans Tyres (India) Private Limited
Transasia Bio-medicals Limited
Transworld Terminals Private Ltd
Travancore Cochin Chemicals Limited, The

[ICRA]B+
[ICRA]B-

Travancore Cocotuft Private Limited


Treadsdirect Limited
Treadstone Limited
Trelleborg Vibracoustic (India) Private
Limited
Tribhuvan Markplus Private Limited
Tribhuvan Spintex Private Limited
Trichy Thanjavur Expressways Limited
Trichy-Dindigul Toll Road Private Limited
Trichy-Karur Toll Road Limited
Trident Infrastructure
Trident Minerals- 100% EOU (Bank Lines)

^
[ICRA]AA+
[ICRA]AA
[ICRA]B
[ICRA]BB[ICRA]BB[ICRA]B
[ICRA]BBB

Short Term

Stable
Stable
Stable
Stable
Stable

[ICRA]BB
[ICRA]BB[ICRA]B
[ICRA]A+&
[ICRA]AA
[ICRA]D
[ICRA]BB+

Stable
Stable

[ICRA]BB

Stable

[ICRA]B+
[ICRA]B[ICRA]B+
[ICRA]B
[ICRA]BBB+
[ICRA]B[ICRA]BBB[ICRA]B
[ICRA]BB
[ICRA]AA[ICRA]A[ICRA]B

[ICRA]A
[ICRA]B
[ICRA]A+

[ICRA]B+
[ICRA]D
[ICRA]BBB[ICRA]BBB[ICRA]BB
[ICRA]BB+*

Trident Sugars Limited


[ICRA]B(SO)
Trident Techlabs Pvt. Ltd.
[ICRA]B+
TRIF Real Estate and Development Private [ICRA]BBB
Limited

Stable

^
[ICRA]A1+
[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3+
[ICRA]A3
[ICRA]A4
[ICRA]A4
[ICRA]A1+&
[ICRA]A1+
[ICRA]D

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
Stable
[ICRA]A4
Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A2+
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A1

Positive

[ICRA]A1+
[ICRA]A4+
[ICRA]A4

Negative
Negative
Stable

[ICRA]A4+

[ICRA]A4
Stable

Company Name

Long Term

Short Term

Trikoot Iron & Steel Casting Limited


Trikuta Agrofresh and Dairy Industries
Private Limited
Trikuta Agrofresh and Dairy Industries
Private Limited
Trilok Cotton Pvt. Ltd.
Trimex Industries Private Limited
Trimurti Flour Mill Private Limited
Trinayani Cement Private Limited
Trinethra Super Retail Private Limited
Trinity Eye Hospital
Trinity Fructa Limited
Trion Properties Private Limited
Tripura Ispat
Tripurari Agro Pvt. Ltd.
Trisha Marketing Private Limited
Trishla Buildtech Private Limited
Trishul Buildtech & Infrastructures Private
Limited
Triton Hotels and Resorts Private Limited

[ICRA]D
[ICRA]BBB-(SO)

[ICRA]BBB-

Stable

[ICRA]A3

Triton Maritime Private Limited


Triumph Wires Private Limited
Triune Energy Services Pvt. Ltd.
Triveni Engineering and Industries Limited

[ICRA]BBB[ICRA]BB
[ICRA]BB[ICRA]A-

Stable
Stable
Stable
Negative

[ICRA]A4
[ICRA]A2+

Triveni Enterprises
Triveni Kripa Buildhome Private Limited
Triveni Silk Mills
Triveni Smelters Private Limited
Triveni Turbines Limited (Fund Based)
Trividh Textiles
TRL Krosaki Refractories Limited
Troix Chemical Private Limited
True Well E Pipe Industries
True Well Pipe Industries
Trueform Techno Products Private Limited

[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]B+
[ICRA]AA[ICRA]B[ICRA]AA[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]D

Trupti Automotives
Trust Chemist & Druggist Private Ltd
Truwoods Pvt Ltd
TRW Sun Steering Wheels Pvt. Ltd.
TSR Nirmaan Private Limited
TTK Healthcare Limited
TTP Technologies
Tube Turn India Private Limited
Tufanganj Agro Industries Private Limited

[ICRA]BB[ICRA]BB+
[ICRA]B+
[ICRA]BBB+
[ICRA]BB[ICRA]A+
[ICRA]A[ICRA]BB[ICRA]B

Tulsi Cold Storage


Tulsiani Constructions & Developers
Limited
Tulsiram Hanumanbagas Gilada
Tulsyan Rice Mill Private Limited
Tungnath Educational Society

[ICRA]B
[ICRA]B

[ICRA]B[ICRA]BB
[ICRA]D
[ICRA]BB[ICRA]BBB+
[ICRA]B+
[ICRA]BB+
[ICRA]BBB[ICRA]BBB[ICRA]B
[ICRA]B
[ICRA]B
[ICRA]BBB

[ICRA]BB
[ICRA]BB[ICRA]B-

Stable

[ICRA]D
[ICRA]A3(SO)

Stable

[ICRA]A4
[ICRA]A4+

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A4+

[ICRA]A4
Stable

Stable

Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A4
[ICRA]A1+

[ICRA]A4

Stable
Stable
Stable
Stable
Stable
Stable
Stable

Stable
Stable

[ICRA]A4
[ICRA]A2+
[ICRA]A4
[ICRA]A1+
[ICRA]A2+
[ICRA]A4
[ICRA]A4

[ICRA]A4

Company Name

Long Term

Short Term

Turbo Energy Limited


Turbotech Precision Engineering Private
[ICRA]BLimited
Turbovent Industries Limited
[ICRA]BB+
Turquoise & Gold Apparels Private Limited [ICRA]BB

[ICRA]A1+
[ICRA]A4
Stable
Stable

Turtle on the Beach


Tusha Textiles (Mumbai) Private Limited

[ICRA]B
[ICRA]BB+

Stable

TV Sundaram Iyengar & Sons Limited


TV18 Broadcast Limited
TVS Credit Services Limited
TVS Infrastructure Limited
TVS Logistics Services Limited
U Goenka Sons Private Limited
U Motors Private Limited
U V Boards Limited
U V Cotton & Oil Industries
U.P. Telelinks Ltd.
U.S. Agrawal & Co.
UB Engineering Limited
Ubiquity Digital Card Systems Ltd
Udayan Greenfield Developers Pvt Ltd
Uflex Limited
UFO Moviez India Limited
Ujala Trading Company
Ujwal Automotives Private Limited
UKN Properties Private Limited
Ultra Dimensions Private Limited
Ultra Power Projects Pvt. Ltd.
Uma Maheswari Constructions Pvt Ltd
Uma Medicare Limited
Uma Shankar Textiles
Umang Dairies Limited
Umbel Properties Private Limited
Umiya Timbers Private Limited
Umiya Wood Works Pvt. Ltd.
Undavalli Constructions
Uneecops Technologies Private Limited

[ICRA]AA
[ICRA]A
[ICRA]A+
[ICRA]A+
[ICRA]A+
[ICRA]B

Stable
Positive
Stable
Stable
Stable

[ICRA]BB+
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]D
[ICRA]C
[ICRA]A[ICRA]BBB+
[ICRA]A+
[ICRA]B
[ICRA]BBB[ICRA]B
[ICRA]B
[ICRA]C+
[ICRA]C+
[ICRA]BBB
[ICRA]B
[ICRA]BBB[ICRA]BBB-(SO)
[ICRA]B
[ICRA]BB
[ICRA]B+
[ICRA]BBB-

Stable

Uni Deritend Limited


Uni Medicolabs
Unibic Biscuits India Pvt Ltd
Unicare Emergency Equipment Private
Limited
Unicast Autotech Pvt. Limited
Unicast Autotech Pvt. Limited
Unicon Engineers
Unicure Remedies Private Limited
Unify Texturisers Private Limited
Uniglobe Mod Travels Private Limited
Unihira Exports Private Limited
Uniloids Biosciences Private Limited
Unimarck Pharma (India) Limited

[ICRA]A4+
[ICRA]A4

[ICRA]A1+
[ICRA]A1+

[ICRA]A1+
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]D

Stable
Stable
Stable

[ICRA]A1

Stable

Stable
Stable
Stable
Stable

[ICRA]A3(SO)
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A3

[ICRA]A[ICRA]BB+
[ICRA]B+
[ICRA]BB

Stable
Stable

[ICRA]A2+

[ICRA]BB+
[ICRA]BB+(SO)
[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA]BB+

Stable
Stable

^
[ICRA]BB

Stable

Stable
Stable

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4+(SO)
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4
^

Company Name

Long Term

Short Term

Unimed Healthcatre Pvt. Ltd.


Union Enterprises
Unique Biotech Limited
Unique Enterprise
Unique Forgings (India) Private Limited
Unique Gem & Jewellery
Unique Multifilms Virudhunagar Private
Limited
Unique Punch Systems Private Limited
Unique Ship Breaking Corporation
Unique Structures & Towers Ltd
Unisource Papers Private Limited
Unitech Cotspin Limited
Unitech Power Transmission Limited
United Breweries Limited
United Brothers
United Composheets Private Limited
United Concepts and Solutions Pvt. Ltd
United Dcor Options Private Limited
United Foods Private Limited
United Hotels & Properties Private Limited

[ICRA]BBB
[ICRA]D
[ICRA]BB[ICRA]B
[ICRA]BBB
[ICRA]D
[ICRA]BB-

Stable

Stable

[ICRA]A3+
[ICRA]D
[ICRA]A4
[ICRA]A4
[ICRA]A3+

Stable

[ICRA]A4

[ICRA]BB-

Stable

[ICRA]BB+
[ICRA]D
[ICRA]B
[ICRA]BB[ICRA]A+
[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]BBB[ICRA]B-

Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4+
[ICRA]D
[ICRA]A4

United Industries
United Office Systems Private Limited
United Rubber Industries (India) Private
Limited
United Seamless Tubulaar Private Limited
United Spirits Limited
United Steel Industries
United Technomech Engineers Private
Limited
United Telecoms Ltd
United Telelinks (Bangalore) Limited
Unity Care & Health Services Private
Limited
Universal cold Storage Private Limited
Universal Educational Society
Universal Mine Developers & Service
Providers Private Limited
Universal Realtors Private Limited
University of Petroleum and Energy Studies

[ICRA]BBB-&
[ICRA]BB[ICRA]BB

Stable
Stable

[ICRA]BB+

Stable

[ICRA]BBB-

Stable

[ICRA]BB+
[ICRA]BB
Provisional
[ICRA]A(SO)
[ICRA]BB
[ICRA]A+

Stable
Stable
Stable

Uniworld Sugars Private Limited


UNO Feeds
Updater Services Private Limited
Upendra Prasad Singh Hi Tec
Constructions Private Limited
Uppal Chadha Hi-Tech Developers Private
Limited
Uppal Ferrocast Private Limited
Upper India Smelting and Refinery Works

[ICRA]D
[ICRA]BB+
[ICRA]A
[ICRA]BBB-

Stable
Stable
Stable

[ICRA]BBB-

Stable

[ICRA]B
[ICRA]BB-

Stable

UR Realtors Private Limited

[ICRA]BBB+

Stable

Stable

Negative
Stable
Stable

[ICRA]A1+
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A3

[ICRA]BB[ICRA]BB+
[ICRA]BB

Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4+

[ICRA]BB

Stable

[ICRA]A4
[ICRA]A3&
[ICRA]A4
[ICRA]A4+
[ICRA]A1

[ICRA]A4+

Stable
Stable

[ICRA]A1
[ICRA]A3

[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

Urja Automobiles Private Limited


US Granites
US Technology Resources Private Limited

[ICRA]B
[ICRA]B
[ICRA]BBB

Stable

Usha International Limited


Usha Kiron Movies Limited
Usha Shriram Enterprises
Usha Singla
Ushodaya Enterprises Pvt Ltd
UST Global Technology Services (India)
Private Limited
Utility Forms Private Limited
Utkal Automobiles Limited
Utkal Coal Limited
Utkal Manufacturing & Services Limited
Utkarsh Microfinance Private Limited
Uttar Gujarat Vij Company Limited
Uttara Foods & Feeds Private Limited
Uttara Impex Private Limited
Uttarayan Steel Private Limited
Uttoron Engineering Private Limited
V Anantharaju & Sons [HUF]
V Care Agritech
V Care Seeds Private Limited
V S Engineering Private Limited
V S Lignite Power Private Limited
V Star Creations Private Limited
V.D. Global Private Limited
V.I.R Foods Limited
V.K.Gopal
V.K.Industrial Corporation Ltd.
V.K.S.M.CottonMillsLimited
V.M. Matere Infrastructures Private Limited

[ICRA]A[ICRA]A[ICRA]BB
[ICRA]BB[ICRA]AA
[ICRA]BBB

Stable
stable
Stable
Stable
Stable
Stable

[ICRA]A2+

[ICRA]BB+
[ICRA]BBB[ICRA]A-(SO)
[ICRA]BBB+
[ICRA]BBB+
[ICRA]A+
[ICRA]BBB(SO)
[ICRA]BBB(SO)
[ICRA]B+
[ICRA]B+
[ICRA]BBB
[ICRA]B
[ICRA]B+
[ICRA]BB[ICRA] BBB[ICRA]BBB
[ICRA]BBB
[ICRA]BB[ICRA]B
[ICRA]BBB+
[ICRA]BB[ICRA]BB

Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable

[ICRA]A4+

V.M.S.Nirman Private Limited


V.R.K. Associates (P) Ltd.
V.S. Buildcon
V.S. Ecoblocks Private Limited
V.V. Ramasamy Chettiar & Co.
V.Y. Institute of Medical Sciences Private
Limited
V3S Infratech Limited
VA Tech Wabag India Limited
Vacuum Plant & Instruments Manufacturing
Co. Ltd.
Vadehra Builders Private Limited
Vadera Tradelink Private Limited
Vadivel Pyrotechs Private Limited
Vadsola Ceramic
Vaibhav Cotton Corporation
Vaibhav Empire Private Limited
Vaibhav Enterprises
Vaibhav Gems

[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]AA[ICRA]BBB+
[ICRA]BB+
[ICRA]B+
[ICRA]BB[ICRA]B
[ICRA]B+
[ICRA]BBB[ICRA]B+

[ICRA]A4
[ICRA]A3+

[ICRA]A4+
[ICRA]A1+
[ICRA]A3+

[ICRA]A2+
[ICRA]A1+
[ICRA]A3+(SO)
[ICRA]A3+(SO)
[ICRA]A4

Stable

Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A2
[ICRA]A3+

[ICRA]A2
[ICRA]A4
[ICRA]A4+
[ICRA]A4

[ICRA]A4

Stable
Stable

[ICRA]D
[ICRA]A1+
[ICRA]A2+

Stable

[ICRA]A4+

Stable
[ICRA]A4
Stable
[ICRA]A4

Company Name

Long Term

Vaibhav Ginning & Spinning Mill Private


Limited
Vaibhav Laxmi Tex Private Limited
Vaighai Agro Products Limited
Vaighai Chemical Industries Limited
Vaishali Export House
Vaishnavi Cotton Industries
Vaishnavi Rice Industries
Vaishno Devi Dairy Products Private
Limited
Vaishnodevi Realty Private Limited
Vajra Rubber Products Private Limited
Vajrakalpa Cotton
Vakrangee Limited
Valdel Engineers and Constructors Private
Limited
Valencia Ceramic Private Limited
Vallabh Yarns Private Limited
Vallabha Feeds Private Limited
Value Added Fashion Fabrics Private
Limited
Value and Budget Housing Corporation
Private Limited
Value Plus Retail Pvt. Ltd.
Valuent Infradevelopers Private Limited
Valvoline Cummins Limited
Vama Construction Co.
Vama Infra
Vaman Fabrics Pvt. Ltd.
Vamsi Labs Limited
Vani Agro Farms Private Limited
Vanisha Auto Private Limited
Vanita Agrochem (India) Private Limited

[ICRA]BB-

Vanya Steels Pvt Ltd


Vapi Care Pharma Private Limited
Vapi Pigments Private Limited
Varad Agri Tech Limited
Varadha Steels
Varadharaja Foods Private Limited
Varalakshmi Starch Industries Private
Limited
Vardhaman Cottex
Vardhman Chemtech Limited
Vardhman Polytex Limited
Vardhman Roller Flour Mills Private Limited

[ICRA]B[ICRA]BBB[ICRA]BB[ICRA]BB
[ICRA]B[ICRA]BB[ICRA]BB-

Vardhman Vitrified Pvt. Ltd.


Vareli Tecnac Private Limited
Varidhi Hygiene Products Private Limited

[ICRA]D
[ICRA]BB[ICRA]B-

Variety Lumbers Private Limited


Varsha Cables Private Limited
Varsha Industries Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]B

[ICRA]B+
[ICRA]BB+
[ICRA]BBB[ICRA]B+
[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]BB[ICRA]BBB[ICRA]B+
[ICRA]BB+
[ICRA]A

Short Term

Stable

[ICRA]A4

Stable
Stable

[ICRA]A4+
[ICRA]A3
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A3

Stable
Stable

[ICRA]A3

Stable
Stable

[ICRA]A4+
[ICRA]A1

[ICRA]B
^
[ICRA]BB[ICRA]BB-

Stable
Stable

[ICRA]BBB

Stable

[ICRA]BB+
[ICRA]BB
[ICRA]AA[ICRA]B+
[ICRA]BB
[ICRA]D
[ICRA]B+
[ICRA]B
[ICRA]BB[ICRA]BBB-

stable
Stable
Stable

[ICRA]B
[ICRA]D
[ICRA]C+
[ICRA]BB

[ICRA]A4
^
[ICRA]A4

[ICRA]A1+
[ICRA]A4

Stable
[ICRA]D
[ICRA]A4
Stable
Stable

Stable
Stable
Stable

[ICRA]A4
[ICRA]A3
[ICRA]A4
[ICRA]A3
[ICRA]A4

Stable
stable

[ICRA]A4
[ICRA]A4
[ICRA]A4

Stable

[ICRA]A4
[ICRA]A4

Stable

[ICRA]D
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4

Company Name

Long Term

Varsha Multitech
Varun Agro Processing Foods Private
Limited
Varun Castings Private Limited
Varun Finance
Varun Leasing
Varun Motors
Varun Motors Private Limited
Vasan Publications Private Limited
Vasant Chemicals Private Limited
Vasant Cotton
Vasavi Kanyaka Parameshwari Parboiled
Rice Industry
Vashu Yarn Mills India Private Limited
Vashudev Trading Company
Vasista Marine
Vasundhara Constructions Private Limited

[ICRA]BB+
[ICRA]B+

Vatshal Industries
Vayhan Coffee Limited
VBHC Chennai Value Homes Private
Limited
VBHC Delhi Projects Private Limited
VBHC Delhi Value Homes Private Limited

[ICRA]B+
[ICRA]BBB[ICRA]BBB[ICRA]BBB
[ICRA]BBB
[ICRA]BBB+
[ICRA]BBB[ICRA]B
[ICRA]D
[ICRA]B
[ICRA]B
[ICRA]BB[ICRA]B+

Short Term

Stable

[ICRA]A4
Stable
Stable
Stable
Stable
Positive
Positive

[ICRA]A2
[ICRA]A2
[ICRA]A2
[ICRA]A3
[ICRA]D
[ICRA]A4

Stable

[ICRA]A4

[ICRA]B
[ICRA]BB[ICRA]BBB

Stable
Stable

[ICRA]A4

[ICRA]BBB[ICRA]BBB-

Stable
Stable

VBHC Mumbai Value Homes Private


Limited
VBHDC Bangalore Value Homes Pvt. Ltd

[ICRA]BBB-

Stable

[ICRA]BBB

Stable

[ICRA]A3

V-Chem
VE Commercial Vehicles Ltd
Vedha Spinning Mills Private Limited
Vedik Ispat Pvt Ltd
Veebee Yarnntex Private Limited
Veejay International (India)
Veekay General Industries
Veeline Media Limited
Veer Gems (Fund Based)
Veer Hanuman Polyplast
Veer Hatcheries
Veer O Metals
Veer Plastics Private Limited
Veerabhadra Exports Private Limited
Veerprabhu Marketing Limited
Vehlna Steels & Alloys Private Limited
Veljan Denison Limited
Velko Infratek Projects Private Limited
Vellore Institute of Technology
Velmurugan Heavy Engineering Industries
Private Limited
Venkar Chemicals Private Limited
Venkata Naga Lakshmi Paper Mills Private
Limited
Venkata Vara Siddi Corporation

[ICRA]B
[ICRA]AA+
[ICRA]A
[ICRA]B+
[ICRA]B+

Stable
Stable

[ICRA]A4
[ICRA]A1+
[ICRA]A1

[ICRA]BB^
[ICRA]BB+
[ICRA]B
[ICRA]D
[ICRA]BBB
[ICRA]BBB
[ICRA]B+
[ICRA]BB+
[ICRA]B+
[ICRA]BBB+
[ICRA]BB-

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
^
[ICRA]A4+
[ICRA]A4

Stable
Stable

[ICRA]A2
[ICRA]A3+

Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A2
[ICRA]A4

Stable
Stable

[ICRA]B

[ICRA]A4

[ICRA]BB
[ICRA]B+

Stable

[ICRA]BB-

Stable

[ICRA]A4+
[ICRA]A4

Company Name

Long Term

Venkateshwara Hatcheries Private Limited [ICRA]BBB


Venky HiTech Ispat Limited
Venky's (India) Limited
Venson Electric Private Limited
Vento Ceramic
Venu Industries
Venus Home Appliances Pvt. Ltd.
Venus Jewel
Vera India Limited
Verona Granito Pvt Ltd
Versatile Alucast Private Limited
Versatile Engineers
Veto Ceramic Private Limited
Veto Electropowers (India) Pvt. Ltd.
Veto Switchgears and Cables Limited
VGS Enterprises
V-Guard Industries Limited
Vi Micro Educational Trust
Vibhaas Polymers Private Limited
Vibrant Dehydro Foods Private Limited
Vibrant Processors Private Limited
Vichitra Prestressed Concrete Udyog
Private Limited
Vichoor Bitu Chemicals
Vicon Ceramic Private Limited
Victor Enterprises
Victoria Foods Private Limited
Vidarbha Industries Power Limited
Vidushi Wires Private Limited
Vidya Bharti Sansthan
Vidya Polymer Private Limited
Vidya Prasarini Sabha
Vidyuth Control Systems Private Limited

[ICRA]B+
[ICRA]BBB+
[ICRA]BB[ICRA]B
[ICRA]B
[ICRA]BBB[ICRA]A+
[ICRA]B+
[ICRA]BB
[ICRA]D
[ICRA]BB[ICRA]B
[ICRA]BBB[ICRA]BBB+
[ICRA]B+
[ICRA]AA[ICRA]D
[ICRA]B+
[ICRA]D
[ICRA]BB[ICRA]C+

Vignan Vidyalayas Limited


Vigneshkumar Spinning Mills Private
Limited
Vihaan Boards Private Limited
Vihita Chem Private Limited
Vij Contracts Private Limited
Vijai Mahalaxmi Spinning Mills India Private
Limited
Vijay Builders & Constructions Private
Limited
Vijay Exports
Vijay Industries
Vijay Kamal Properties Private Limited
Vijay Latex Products Private Limted
Vijay Nirman Company Pvt Ltd
Vijay Sabre Safety Private Limited
Vijay Solvex Limited
Vijay Steel Corporation Private Limited
Vijay Stone Quarries private Limited

[ICRA]B+
[ICRA]BB

[ICRA]B+
^
[ICRA]BB[ICRA]BB+
[ICRA]A[ICRA]BB
[ICRA]BB
[ICRA]B+
[ICRA]BB[ICRA]BB

[ICRA]B[ICRA]BB
[ICRA]B+
[ICRA]D

Short Term

Stable

[ICRA]A3+

Stable
Stable

[ICRA]A4
[ICRA]A2
[ICRA]A4
[ICRA]A4

Stable
Stable

[ICRA]A3
[ICRA]A1+

Stable

[ICRA]A4
[ICRA]D
[ICRA]A4
[ICRA]A4
[ICRA]A3

Stable
Stable
Stable
Stable

[ICRA]A1+

Stable

[ICRA]A4
[ICRA]A4

^
Stable
Stable
Stable
Stable
Stable

[ICRA]A4+
[ICRA]A2+
[ICRA]A4+

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4+

Stable

[ICRA]A4+

Stable

[ICRA]A4
[ICRA]D

[ICRA]BB

Stable

[ICRA]BB
[ICRA]BB
[ICRA]B
[ICRA]D
[ICRA]BBB
[ICRA]C
[ICRA]BB+
[ICRA]B+
[ICRA]B

Stable
Stable

[ICRA]A4+

[ICRA]D
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4

Company Name

Long Term

Short Term

Vijay Transformers
Vijay Transmission Private Limited
Vijay Velavan Spinning Mills Pvt Ltd
Vijaya Lakshmi R & B Rice Trading
Company
Vijaya Productions Private Limited
Vijayalakshmi Spintex Limited
Vijayanagar Sugar Private Limited
Vijaylakshmi Hydro Power Private Limited

[ICRA]B[ICRA]BB
[ICRA]BB[ICRA]B
[ICRA]BBB+
[ICRA]B+
[ICRA]D
[ICRA]D

Stable

Vijaynagar Biotech Limited


Vijayshree Electromech Pvt Ltd.
Vijeta Broking India Private Limited
Vijeta Projects and Infrastructure Ltd.
Vijmohan Construction Pvt Ltd
Vikabh Securities Private Limited
Vikas Cot Fiber Private Limited
Vikas Cotex
Vikas Cotton Ginning & Pressing
Vikas Filaments Private Limited
Vikas Krishi Sewa Kendra
Vikram Logistic & Maritime Services Private
Limited
Vikrant Auto Suspensions
Vikrant Extrusions
Vilas Transcore Limited
Vimal Dairy Limited
Vimal Microns Limited
Vimal Oil & Foods Limited
Vimalscop Product
Vin Motors
Vinar Ispat Limited
Vinayaga Marine Petro Limited
Vinayak Autolink Pvt. Ltd
Vinayak Cottex
Vinayak Cotton
Vinayak Nirman Private Limited
Vinayak Oil & Fats Pvt. Ltd.
Vinayak Steels Limited
Vindhya Spinning Mills Private Limited
Vineet Polyfab Private Limited
Vinergy International Private Limited
Vinishma Technologies Private Limited
Vinita International
Vinkas Estates Pvt. Ltd.
Vinod H Patel
Vinod Kumar Shukla Constructions Private
Limited
Vinora Industries
Vinoth Builders
VINS Bioproducts Limited
VINS Hospital Private Limited
Vintage Tiles Private Limited

[ICRA]BBB+
[ICRA]BB[ICRA]BB[ICRA]BB
[ICRA]BB-

Stable
Stable
Stable
Stable
Stable

Stable
Stable

[ICRA]D

[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]BBB+
[ICRA]BB[ICRA]BBB
[ICRA]BB+
[ICRA]B+
[ICRA]BB
[ICRA]B+
[ICRA]BB[ICRA]BB
[ICRA]BBB
[ICRA]BB
[ICRA]B
^
[ICRA]B
[ICRA]BB
[ICRA]BB+
[ICRA]BBB[ICRA]BB^
[ICRA]B
[ICRA]B
[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]B+
[ICRA]BB[ICRA]BBB+
[ICRA]BB
[ICRA]BBB-

[ICRA]A4
[ICRA]A4
[ICRA]A4

[ICRA]A2
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A2

[ICRA]A4

Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable

[ICRA]A2+
[ICRA]A4
[ICRA]A3+
[ICRA]A4+
[ICRA]A4
[ICRA]A4

[ICRA]A4
[ICRA]A3+

^
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4+
[ICRA]A3
[ICRA]A4
^
[ICRA]A4
[ICRA]A4

Stable
[ICRA]A4
Stable
Stable
Stable
Stable

[ICRA]A3

Company Name

Long Term

Short Term

Vinyas Innovative Technologies Private


Limited
Viom Networks Limited
Vipul Dye Chem Limited
Vipul Industries Private Limited
Vipul Limited
Vir Electro Engineering Private Limited
Viraj Impex Private Limited
Viraj Projects (India) Private Limited
Virchow Laboratories Limited
Virchow Petrochemicals Private Limited

[ICRA]BB

Stable

[ICRA]A4+

[ICRA]A[ICRA]BB[ICRA]BB+
[ICRA]B+
[ICRA]D
[ICRA]BBB
[ICRA]BB
[ICRA]A+
[ICRA]A

Stable
Stable
Stable

[ICRA]A2+
[ICRA]A4

Stable
Stable
Stable
Stable

[ICRA]A3+

Virender Singh Harinder Singh


Virendra Kumar Singh
Virgo Polymers (India) Pvt Ltd
Virtual Galaxy Infotech Private Limited
Visa Drugs & Pharmaceuticals Private
Limited
Visa SunCoke Limited
Vishal Cables Private Limited
Vishal Fabrics Limited
Vishal Manufacturers Pvt. Ltd.
Vishala India Commercial Developers Pvt.
Ltd.
Vishnu Carriers Private Limited
Vishnupriya Hotels & Resorts Pvt Ltd
Vishva Vishal Engg. Limited
Vishwa Green Realtors Private Limited
Vishwakarma Refractories Pvt Ltd
Vishwanath Spinnerz India Limited
Vishwanath Sugar and Steel Industries
Limited
Vishwas Buildcon
Vishwas Builders
Vision Pipes Private Limited
Vistaar Financial Services Private Limited

[ICRA]B+
[ICRA]B+
[ICRA]BB+
[ICRA]BB+
[ICRA]BBB-

Stable
Stable
Positive

[ICRA]A4+
[ICRA]A4+
[ICRA]A3

Stable
Stable
Stable

[ICRA]A3
[ICRA]A4
[ICRA]A3
[ICRA]A4

[ICRA]BBB[ICRA]BB
[ICRA]BBB[ICRA]B
[ICRA]BB+
[ICRA]C
[ICRA]D
[ICRA]BBB[ICRA]D
[ICRA]BB+
[ICRA]C[ICRA]BBB[ICRA]B+
[ICRA]B+
[ICRA]D
[ICRA]BBB+

Visual Percept Solar Projects Pvt Ltd


[ICRA]AVisuell Creations
[ICRA]BVisura Trading & Investment (India) Limited [ICRA]B+
Viswakirti Projects Private Limited
Vita Granito Private Limited
Vital Therapeutics Private Limited
Vitromed Healthcare
Vivekanand Enterprise
Vivekananda Paddy Flour Mills Private
Limited
Vivekananda Seeds
Viyyat Power Private Limited
VK Building Services Pvt. Ltd.
VKS Baretha Ghodadongri Corridor Private
Limited
VLCC Healthcare Ltd

[ICRA]B
[ICRA]B
[ICRA]BB
[ICRA]BB+
[ICRA]BB[ICRA]B+

[ICRA]A1+
[ICRA]A1

Stable

Negative

[ICRA]A4
[ICRA]D
[ICRA]A3

Stable
Stable

[ICRA]D
Stable
Stable
[ICRA]A4
[ICRA]A4

Stable
Stable
Stable

[ICRA]B
[ICRA]BBB[ICRA]BBB+
[ICRA]BBB-(SO)

Stable
Stable
Stable

[ICRA]AA-

Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A2

[ICRA]A1+

Company Name

Long Term

Short Term

VLCC Personal Care Limited


VNS Finance & Capital Services Ltd.
Voith Hydro Private Limited
Voith Industrial Services India Private
Limited
Voith Paper Fabrics India Limited
Voith Paper Technology (India) Limited
Voith Turbo Private Limited
Volkswagen Group Sales India Private
Limited
Volkswagen India Private Limited
Volta Fashions Private Limited
Voltas Limited
Vrajbhumi Cotton Industries
Vriksh Transworld Holdings Limited
VRL Logistics Limited
Vrundavan Enterprise
VRV Textiles Limited
VS Metallic Private Limited
VSK Laboratories Private Limited
VSP Enterprises Private Limited
VST Tillers Tractors Limited
Vulcan Industrial Engineering Company
Ltd.
VVF (India) Limited
W.H. Brady & Company Limited
W.S. Industries (India) Ltd
Walker Chandiok & Co.
Wall Street Finance Ltd
Wallmark Ceramic Industry
Walplast Products Pvt. Ltd.
Wanderland Real Estates Private Limited

[ICRA]AA[ICRA]BB[ICRA]AA-(SO)
[ICRA]A+(SO)

Stable
Stable
Stable
Negative

[ICRA]A4
[ICRA]A1+(SO)
[ICRA]A1+(SO)

[ICRA]A+(SO)
[ICRA]A+(SO)
[ICRA]A+(SO)
[ICRA]AAA

Negative
Negative
Negative
Negative

[ICRA]A1+(SO)
[ICRA]A1+(SO)
[ICRA]A1+(SO)
[ICRA]A1+

[ICRA]AAA
[ICRA]B+
[ICRA]AA
[ICRA]B+
[ICRA]B+
[ICRA]BBB
[ICRA]B+
[ICRA]D
[ICRA]B
[ICRA]B
[ICRA]BB+
[ICRA]AA
[ICRA]BBB

Negative

[ICRA]A1+

Stable

[ICRA]A1+
[ICRA]A4
[ICRA]A4

Warade Pack Tech Private Limited


Warm Forgings Private Limited
Warm Gears Private Limited
Warora Chandrapur Ballarpur Toll Road
Limited
Warren Tea Limited
Warsaw Engineers
Waterline Hotels Private Limited
Wave Beverages Private Limited
Wave Distilleries and Breweries Limited

[ICRA]B
[ICRA]B[ICRA]D
[ICRA]BBB-

Wave Industries PVt. Ltd.


Web Spiders (India) Private Limited
Webfil Limited
Weener Empire Plastics Ltd.
Welcome Distilleries Private Limited
Welcome Mineral Private Limited
Welcome Tiles Private Limited
Wellcome Fisheries Limited
Wendt India Limited

[ICRA]B
[ICRA]BB
[ICRA]C+
[ICRA]BBB+
[ICRA]BBB[ICRA]B
[ICRA]B+
[ICRA]BB
[ICRA]AA-

[ICRA]D
[ICRA]BB[ICRA]D
[ICRA]A+
[ICRA]A
[ICRA]B+
[ICRA]BBB
[ICRA]BB

[ICRA]A+
[ICRA]B+
[ICRA]B[ICRA]BB+
[ICRA]BB+

Stable
[ICRA]D
[ICRA]A4
Stable
stable
Stable

[ICRA]A4+
[ICRA]A1+
[ICRA]A3+
[ICRA]D

Stable
[ICRA]D
Stable
Stable
Stable
Stable

[ICRA]A1
[ICRA]A4
[ICRA]A3+

[ICRA]A4
[ICRA]A4
Stable
Stable

[ICRA]A1+
[ICRA]A4

Stable
Stable

Stable
Stable
Stable

Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A2+
[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A1+

Company Name

Long Term

Short Term

West Bengal State Electricity Transmission


Company Limited
Western India Cashew Company Private
Limited
Western India Media Private Limited
Western Refrigeration Private Limited
Westfort Hi-Tech Hospital Limited
Wheels India Limited
Wheezal Homeo Pharma
Whitegold Ceramics Pvt Ltd.
Wianxx Impex Private Limited
Wildcraft India Private Limited
William Industries Private Limited
Windals Precision Private Limited
Windlas Biotech Limited
Windlas Healthcare Private Limited
Windson Ceramic
Windsor Edifices Private Limited
Windsor Industries Private Limited
Winmax Ceramic Private Limited
Winner Nippon Electronics Limited
Winsome Textiles Industries Ltd
Wintop Vitrified Private Limited
Winwind Power Energy Private Ltd.
Wipro Limited
Wirecom (India) Private Limited
Wires and Cables (India)
Witmans Industries Private Limited
Wittur Elevator Components India Private
Limited
Witty Auto Engineering Private Limited
Womens Next Loungeries Limited
Womens Next Loungeries Limited
Wonder Construction
Wonder Fibromats Private Limited
Wonderla Holidays Private Limited
Woodfield Systems India Private Limited

[ICRA]BBB+

Stable

[ICRA]BB

Stable

[ICRA]A4+

Stable
Stable
Stable
Stable

[ICRA]A2

Workspace Metal Soluions Private Limited

[ICRA]B+

World Resorts Limited


Xicon International Limited
Xmold Polymers Private Limited
Y.S. Investments
Yaaganti Seeds Private Limited
Yamuna Machine Works Ltd.
Yamuna Power and Infrastructure Limited

[ICRA]D
[ICRA]B+
[ICRA]B+
[ICRA]BB[ICRA]BBB[ICRA]B+
[ICRA]BBB-

Yamuna Syndicate Ltd


Yamunaji Enterprise
Yash Breeding Farm
Yash Pal & Sons HUF
Yash Papers Limited
Yash Proteins Private Limited

[ICRA]BBB
[ICRA]B+
[ICRA]B
[ICRA]B+
[ICRA]D
[ICRA]B

[ICRA]D
[ICRA]BBB+
[ICRA]BB
[ICRA]A+
[ICRA]BB+
[ICRA]B[ICRA]B[ICRA]A[ICRA]B
[ICRA]BBB
[ICRA]BBB+
[ICRA]BBB+
[ICRA]B
[ICRA]BB
[ICRA]BBB[ICRA]B
[ICRA]BB
[ICRA]BB+
[ICRA]B+
[ICRA]D
[ICRA]AAA
[ICRA]BB[ICRA]BB
[ICRA]BB+
[ICRA]BB[ICRA]D
[ICRA]BB
[ICRA]BB
[ICRA]B[ICRA]B+
[ICRA]A+
[ICRA]B+

[ICRA]A1
[ICRA]A4

Stable
stable
Stable
Stable

[ICRA]A2+
[ICRA]A4
[ICRA]A3+
[ICRA]A2+
[ICRA]A2+
[ICRA]A4

Stable
Stable
Stable
Stable

Stable
Stable
Stable
Stable
Stable

[ICRA]A4
[ICRA]A4
[ICRA]A4+
[ICRA]A4
[ICRA]D
[ICRA]A1+

[ICRA]A4+
[ICRA]A4

Stable
Stable
[ICRA]A4
Stable

Stable
Stable
Stable
Stable

[ICRA]A1

[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A4
[ICRA]A3
[ICRA]A2
[ICRA]A4

[ICRA]D

Company Name

Long Term

Yashashree Tubes Private Limited


Yashoda Hospital and Research Centre
Limited
Yashveer Ceramic
Yatharth Hospitals & Trauma Care Services
Private Limited
Yedeshwari Agro Products Limited
Yellow Jewel Private Limited
Yenepoya University
Yeyo International
YFC Projects Private Limited
Yogesh Construction
Yogiraj Ginning & Oil Industries
York Print Private Limited
Z V Steels Private Limited
Zamil Steel Buildings India Private Limited

[ICRA]B
[ICRA]BBB-

Zaveri Exports Private Limited


Zazsons Exports Limited
Zeba Agro Pvt. Ltd.
Zeco Aircon Ltd
Zed Vitrified Private Limited
Zee Fabrics Inc
Zee Media Corporation Limited
Zeiss Pharmaceuticals Pvt. Ltd.
ZenBrain Systems Private Limited
Zenith Engineering Corporation
Zenith Exports Limited
Zenith Forge Pvt.Limited
Zensar Technologies Limited
Zetatek Industries Limited
Zetek Castings Private Limited
ZF Hero Chassis Systems Private Limited

[ICRA]C+
[ICRA]B+
[ICRA]D
[ICRA]BBB[ICRA]B+
[ICRA]BB
[ICRA]A
[ICRA]BBB+
[ICRA]BB[ICRA]BB+
[ICRA]BB
[ICRA]BB
[ICRA]AA+
[ICRA]BB
[ICRA]BB
[ICRA]BBB

ZF Steering Gear (India) Limited


ZH Chemicals Private Limited
Zillion Infraprojects Private Limited
Zinzuwadia Brothers Jewellers
Zip Industries Limited
Zippy Edible Products Private Limited
Zodiac Clothing Company Limited
Zuari Agro Chemicals Ltd
Zuari Fertilisers & Chemicals Limited
Zuberi Engineering Company
Zuri Hospitality Private Limited
Zuri Hotels and Resorts Private Limited
Zylog Plastalloys Pvt. Ltd.

[ICRA]A+
[ICRA]BB(SO)
[ICRA]BBB
[ICRA]BB[ICRA]BB
[ICRA]B-

Short Term

[ICRA]A4
Stable

[ICRA]B+
[ICRA]D
[ICRA]B+
[ICRA]D
[ICRA]BB+
[ICRA]BB[ICRA]BBB[ICRA]B+
[ICRA]B+
[ICRA]BBB[ICRA]B+
*

[ICRA]BBB+
[ICRA]BBB[ICRA]BB
[ICRA]D
[ICRA]D
[ICRA]BBB+

[ICRA]A4

Stable
Stable
Stable

[ICRA]A4+
[ICRA]A4
[ICRA]A3
[ICRA]A4

Stable

[ICRA]A3
[ICRA]A4
*

[ICRA]A4
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable

[ICRA]A3
[ICRA]A4

[ICRA]A4
[ICRA]A4
[ICRA]A1+
[ICRA]A4
[ICRA]A4

[ICRA]A1+

Stable
Stable
Stable

[ICRA]A1+
[ICRA]A2+
[ICRA]A3
[ICRA]A4
[ICRA]D

Stable

[ICRA]A2

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