Company Name (New Ratings) Instrument Ratings

Aadhar Housing Finance Limited Bank Facilities [ICRA]AA(Stable)

Aarti International Limited Bank Facilities [ICRA]A- (Stable) / [ICRA]A2+
Aditya Birla Sun Life AMC Limited Aditya Birla Sun Life CRISIL IBX 6040 SDL + AAA PSU Apr 2026 Index Fund Provisional[ICRA]AAAmfs
Alstom Systems India Private Limited Bank Facilities [ICRA]BBB rating watch with developing implications
[ICRA]BBB rating watch with developing
Alstom Systems India Private Limited Bank Facilities implications/[ICRA]A3+ rating watch with developing
implications
[ICRA]A+ rating watch with developing
Alstom Transport India Limited Bank Facilities implications/[ICRA]A1+ rating watch with developing
implications
Alukkas Enterprises Private Limited Bank Facilities [ICRA]A(Stable)
Alukkas Enterprises Private Limited Bank Facilities [ICRA]A (Stable)
Alukkas Gold Retail India Private Limited Bank Facilities [ICRA]A(Stable)
Alukkas Gold Retail India Private Limited Bank Facilities [ICRA]A (Stable)
Alukkas Jewellery Thrissur Bank Facilities [ICRA]A(Stable)
Amitara Overseas Private Limited Bank Facilities [ICRA]BBB- (Stable) / [ICRA]A3
Amitara Overseas Private Limited Bank Facilities [ICRA]BBB+ (CE) (Stable)
Ample Digital Private Limited Bank Facilities [ICRA]BB (Stable)/[ICRA]A4
Ample Retail Private Limited Bank Facilities [ICRA]BB (Stable)/[ICRA]A4
Amplus Andhra Power Private Limited Bank Facilities [ICRA]AA-(Stable)
Amplus Energy Solutions Private Limited Bank Facilities [ICRA]AA-(Stable)
Amplus Jyotimangal Energy Private Limited Bank Facilities [ICRA]AA-(Stable)
Amplus Superior Solar Private Limited Bank Facilities [ICRA]AA-(Stable)
Ananth Solar Power Maharashtra Private Limited Bank Facilities [ICRA]AA-(Stable)
APAC Financial Services Private Limited Bank Facilities [ICRA]A- (Stable)
Aprajita Microfinance Association Bank Facilities [ICRA]B (Stable)
Asian Solvochem Private Limited Bank Facilities [ICRA]BBB(Stable)/[ICRA]A3+
Bericap India Private Limited Bank Facilities [ICRA]BBB+(Stable)/[ICRA]A2
Bestech Hotels Private Limited Bank Facilities [ICRA]BBB- (Stable)
Bhagyalakshmi Spintex Private Limited Bank Facilities [ICRA]BBB- (Stable) / [ICRA]A3
Bhagyalakshmi Spintex Private Limited Bank Facilities [ICRA]BBB+ (CE) (Stable)
Bharat Seats Limited Bank Facilities [ICRA]A- (Stable)
Bhima Gold and Diamonds, Adoor Bank Facilities [ICRA]A- (Stable)
Bhima Jewellers and Diamonds, Attingal Bank Facilities [ICRA]A-(Stable)
Bhima Jewellery Madurai Bank Facilities [ICRA]A-(Stable)
Bhima Jewellery Trivandrum Bank Facilities [ICRA]A-(Stable)
Bhima Jewellery, Visakhapatnam Bank Facilities [ICRA]A-(Stable)
Birla Group Holdings Private Limited Commercial paper [ICRA]A1+
Bluejay Nuts Private Limited Bank Facilities [ICRA]BB+ (Stable) / [ICRA]A4+
Boxcoworld Private Limited Bank Facilities [ICRA]BBB-(Stable) / [ICRA]A3
Cargill India Private Limited Bank Facilities [ICRA]AA- (Stable) / [ICRA]A1+
CEC ITD Cem TPL JV Bank Facilities [ICRA]BBB+ (Stable) / [ICRA]A2
Chowgule and Company Private Limited Bank Facilities [ICRA]A+ (Stable) / [ICRA]A1
Chowgule Construction Chemicals Private Limited Bank Facilities [ICRA]BB-(Stable) / [ICRA]A4
Citicorp Finance (India) Limited Market linked debenture PP-MLD[ICRA]AAA (Stable)
Citicorp Finance (India) Limited Non convertible debenture [ICRA]AAA (Stable)
Clix Capital Services Private Limited PL Niffler Nov 2022 Series A1(a) Provisional [ICRA]AA+(SO)
Clix Capital Services Private Limited PL Niffler Nov 2022 Series A1(b) Provisional [ICRA]A+(SO)
Concorde Housing Corporation Private Limited Bank Facilities [ICRA]BBB (Stable)
Crescent Chemicals Bank Facilities [ICRA]BBB(Stable)
Crescent Chemicals Bank Facilities [ICRA]A3+
Crescent Organics Private Limited Bank Facilities [ICRA]BBB(Stable)/ [ICRA]A3+
Datamatics Global Services Limited Bank Facilities [ICRA]A+ (Stable) / [ICRA]A1+
Day1 Advisors Private Limited Non-convertible Debentures Provisional [ICRA]AAA(CE) (Stable)
Deepshikha Exim Private Limited Bank Facilities [ICRA]BBB- (Stable) / [ICRA]A3
Deepshikha Exim Private Limited Bank Facilities [ICRA]BBB+ (CE) (Stable)
DMI Finance Private Limited PLUM II PTC Series A1 Provisional [ICRA]AA(SO)
DMI Finance Private Limited PLUM I PTC Series A1 Provisional [ICRA]AA(SO)
DP Jain & Co. Infrastructure Pvt Ltd Bank Facilities [ICRA]BBB+ (Stable)/ [ICRA]A2
Eastern Ghats Highway Project Pvt. Ltd. Bank Facilities [ICRA]A- (Stable)
Five-Star Business Finance Limited Dhruva XVI 01 2023 Series A1 PTC Provisional [ICRA]AA(SO)
FJM Cylinders Private Limited Bank Facilities [ICRA]BBB (Negative)/ [ICRA]A3+
Fullerton India Credit Company Limited PL PTC TRUST 01 Series A1 PTC Provisional [ICRA]AA+(SO)
Fusion Micro Finance Limited Non-convertible debenture [ICRA]A (Stable)
Fusion Micro Finance Limited Market linked debenture PP- MLD [ICRA]A (Stable)
Gayatri Weavers Private Limited Bank Facilities [ICRA]BBB+ (CE) (Stable)
Gayatri Weavers Private Limited Bank Facilities [ICRA]BBB- (Stable)/[ICRA]A3
Global Buildcon Bank Facilities [ICRA]B (Stable) / [ICRA]A4
Godrej Properties Limited Commercial paper [ICRA]A1+
Gravita India Limited Issuer Rating [ICRA]A(Positive)
Gravita India Limited Bank Facilities [ICRA]A (Positive)/[ICRA]A2+
Green Gas Limited Bank Facilities [ICRA]AA (Stable) / [ICRA]A1+
Gumpro Drilling Fluids Private Limited Bank Facilities [ICRA]BBB+ (Stable) /[ICRA]A2
HDFC Credila Financial Services Limited Commercial paper [ICRA]A1+
HDFC Ergo General Insurance Company Limited Subordinated debt [ICRA]AAA (Stable)
Hexagon Nutrition Limited Bank Facilities [ICRA]A- (Stable)/[ICRA]A2+
HLL Infra Tech Services Limited Bank Facilities [ICRA]BBB(Stable) / [ICRA]A3+
HPCL LNG Limited Bank Facilities [ICRA]AA(Stable)/[ICRA]A1+
HSBC Asset Management (India) Private Limited HSBC Low Duration Fund [ICRA]AAAmfs
HSBC Asset Management (India) Private Limited HSBC Short Duration Fund [ICRA]AAAmfs
HSBC Asset Management (India) Private Limited HSBC Corporate Bond Fund [ICRA]AAAmfs
HSBC Asset Management (India) Private Limited HSBC Money Market Fund [ICRA]A1+mfs
HSBC Asset Management (India) Private Limited HSBC Banking and PSU Debt Fund [ICRA]AAAmfs
ICICI Securities Limited Commercial paper [ICRA]A1+
Iconkrishi Institute of Medical Sciences Private Limited Bank Facilities [ICRA]BBB+(Stable)
Imcola (Exports) Limited Bank Facilities [ICRA]A3
Indian Terrain Fashions Limited Bank Facilities [ICRA]BBB+(Stable)/[ICRA]A2
Indospace Chittoor II Private Limited Bank Facilities [ICRA]A- (Stable)
Indostar Home Finance Private Limited Star HFC Trust Nov 2022 Series A PTCs Provisional [ICRA]AAA(SO)
Industrial Solvents & Chemicals Private Limited Bank Facilities [ICRA]A+(Stable)/[ICRA]A1+
ITD CemIndia JV Bank Facilities [ICRA]BBB+ (Stable)/ [ICRA]A2
ITD-ITD Cem Joint Venture Bank Facilities [ICRA]A2
J S Auto Cast Foundry India Private Limited Bank Facilities [ICRA]A+ (Stable) / [ICRA]A1
Jindal Creations Private Limited Bank Facilities [ICRA]BBB+ (CE) (Stable)
Jindal Creations Private Limited Bank Facilities [ICRA]BBB- (Stable)/[ICRA]A3
Jindal Worldwide Limited Commercial Paper [ICRA]A2+
JM Financial Institutional Securities Limited Commercial Paper [ICRA]A1+
JM Financial Services Limited Non-convertible debenture [ICRA]AA (Stable)
JSG Innotech Private Limited Bank Facilities [ICRA]BBB+(Stable)
Kandalaa Bank Facilities [ICRA]BB-(Stable)
Kaynes Technology India Limited Bank Facilities [ICRA]BBB(Stable)
Kaynes Technology India Limited Bank Facilities [ICRA]BBB(Stable)
KCC Chittoor Highways Private Limited Bank Facilities [ICRA]A-(Stable)
Keltech Energies Limited Bank Facilities [ICRA]BBB+(Stable)
Krsnaa Diagnostics Limited Bank Facilities [ICRA]A1
Lakshmi Vacuum Heat Treaters Pvt Ltd Bank Facilities [ICRA]B+ (Stable)
Lakshmi Vacuum Technologies Pvt. Ltd. Bank Facilities [ICRA]BB- (Stable) / [ICRA]A4
Lumax Industries Limited Bank Facilities [ICRA]A+(Stable)
M G Petrochem Private Limited Bank Facilities [ICRA]BBB (Stable)
M Hanumantha Rao Bank Facilities [ICRA]BBB- (Stable)
M Hanumantha Rao Bank Facilities [ICRA]A3
M Hanumantha Rao Bank Facilities [ICRA]BBB- (Stable)
Madurai Trans Carrier Limited Bank Facilities [ICRA]A-(Stable)
Manglam Spa Resort Private Limited Bank Facilities [ICRA]BB (Stable)
Marina Distributors Bank Facilities [ICRA]BB+ (Stable)
Maxion Wheels Aluminum India Private Limited Bank Facilities [ICRA]BBB+ (Positive)
Mayfair Hotels & Resorts Limited Issuer Rating [ICRA]BBB (Stable)
Mayfair Hotels & Resorts Limited Bank Facilities [ICRA]BBB (Stable) / [ICRA]A3+
Mirae Asset Investment Managers (India) Private Limited Mirae Asset Money Market Fund [ICRA]A1+mfs
N9 World Technologies Private Limited Bank Facilities [ICRA]BBB-(Stable) / [ICRA]A3
Namra Finance Limited Nimbus 2022 MFI Dholera PTC Series A1 Provisional [ICRA]A+(SO)
NED Energy Limited Bank Facilities [ICRA]BBB- (Stable) / [ICRA]A3
NPCI Bharat Billpay Limited Bank Facilities [ICRA]A1+
NTF (India) Private Limited Bank Facilities [ICRA]BBB+ (Stable) / [ICRA]A2
ONGC Petro additions Limited Bank Facilities [ICRA]AA (Stable)
Orra Fine Jewellery Private Limited Bank Facilities [ICRA]BBB(Stable)/[ICRA]A3+
Padget Electronics Pvt. Ltd. Bank Facilities [ICRA]AA- (Stable) / [ICRA]A1+
PAFT Finance Limited Bank Facilities [ICRA]BB (Stable)
Performance Chemiserve Limited Bank Facilities [ICRA]A+(Stable)
Picard Angst India Private Limited Non-convertible Debentures [ICRA]B (Stable)
Pioneer Polyleathers Private Limited Bank Facilities [ICRA]A- (Stable) / [ICRA]A2+
Planet Spinning Mills Private Limited Bank Facilities [ICRA]BBB- (Stable)
Radial IT Park Private Limited Bank Facilities [ICRA]A- (Stable)
Rajkrupa Textiles India Private Limited Bank Facilities [ICRA]A2
Rama Steel Tubes Limited Bank Facilities [ICRA]BBB- (Stable) / [ICRA]A3
Rathik Industrial & Logistics Park Private Limited Bank Facilities [ICRA]BBB+(Stable)/[ICRA]A2
Resil Chemicals Private Limited Bank Facilities [ICRA]A- (Stable) / [ICRA]A2+
Ritco Logistics Limited Bank Facilities [ICRA]BBB+ (Negative)
Sahyadri Farms Post Harvest Care Limited Bank Facilities [ICRA]BBB+(Stable) / [ICRA]A2
Sakuma Exports Limited Bank Facilities [ICRA]BBB (Stable)/[ICRA]A3+
Satin Creditcare Network Ltd. Nimbus 2022 MFI Donetsk Series A1 PTC Provisional [ICRA]AA-(SO)
Satin Creditcare Network Ltd. Nimbus 2022 MFI Donetsk Series A2 PTC Provisional [ICRA]A(SO)
Satin Creditcare Network Ltd. Nimbus 2022 MFI Bukharin Series A1 PTC Provisional [ICRA]AA(SO)
Satin Creditcare Network Ltd. Nimbus 2022 MFI Bukharin Series A2 PTC Provisional [ICRA]A+(SO)
Satin Creditcare Network Ltd. Lotus 2022 Series A1 PTC Provisional [ICRA]AA-(SO)
Satin Creditcare Network Ltd. SAINT BEN 2022 Series A1(a) PTC Provisional [ICRA]AA-(SO)
Satin Creditcare Network Ltd. SAINT BEN 2022 Series A1(b) PTC Provisional [ICRA]A-(SO)
Seeds & Grains India Private Limited Bank Facilities [ICRA]BB- (Stable) / [ICRA]A4
[ICRA]BB+ Rating Watch with Developing Implications
Semac Consultants Pvt. Ltd. Bank Facilities
/[ICRA]A4+ Rating Watch with Developing Implications
Shakti Hormann Private Limited Bank Facilities [ICRA]A-(Positive) / [ICRA]A2+
Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited) Non-convertible debenture [ICRA]AA+ (Stable)
SIAC SKH India Cabs Manufacturing Private Limited Bank Facilities [ICRA]BBB- (Stable) / [ICRA] A3
SKH Metals Limited Bank Facilities [ICRA]A- (stable) / [ICRA]A2+
Spandana Sphoorty Financial Limited NIMBUS 2022 MFI Bucky PTC Series A1 Provisional [ICRA]A+(SO)
Spandana Sphoorty Financial Limited Cricket 12 2022 PTC Series A1 Provisional [ICRA]A-(SO)
Sri Lakshmi Venkateswara Hygienic Foods Private Limited Bank Facilities [ICRA]A4
Sri Lakshmi Venkateswara Hygienic Foods Private Limited Bank Facilities [ICRA]BB-(Stable)
Stanadyne India Private Limited Bank Facilities [ICRA]A (Positive) / [ICRA]A1
State Bank of India Infrastructure Bonds [ICRA]AAA (Stable)
STP Limited Bank Facilities [ICRA]A+ (Stable)/ [ICRA]A1
Sundaram Finance Limited Shri Trust AM 2023 PTC Series A Provisional [ICRA]AAA(SO)
Sundaram Finance Limited Shri Trust AN 2023 PTC Series A Provisional [ICRA]AAA(SO)
Sunterrace Energy One Private Limited Bank Facilities [ICRA]AA-(Stable)
Suraj Laboratories Private Limited Bank Facilities [ICRA]BB- (Stable)
Tanna Agro Impex Private Limited Bank Facilities [ICRA]BBB+ (Positive) / [ICRA]A2
Team Computers Private Limited Bank Facilities [ICRA]A(Stable) / [ICRA]A2+
Trichur Sundaram Santhanam & Family Private Limited Bank Facilities [ICRA]AA(Stable)/[ICRA]A1+
Trust Asset Management Private Limited TRUSTMF Corporate Bond Fund Provisional [ICRA]AAAmfs
U K B Electronics Private Limited Bank Facilities [ICRA]BBB+ (Stable) / [ICRA]A2
U K B Electronics Private Limited Bank Facilities [ICRA]BBB+ (Stable)/ [ICRA]A2
Vanshika Construction Bank Facilities [ICRA]BB (Stable)
Vashi Integrated Solutions Limited Bank Facilities [ICRA]A (Stable)
Vedika Credit Capital Ltd ARIA KTM 2023 PTC Series A1 Provisional [ICRA]A-(SO)
Vinyas Innovative Technologies Private Limited Bank Facilities [ICRA]BB (Stable) / [ICRA]A4
Voith Hydro Private Limited Bank Facilities [ICRA]A- (Stable) / [ICRA]A2+
VRC MB Highways Private Limited Bank Facilities [ICRA]A- (Stable)
WeWork India Management Pvt. Ltd. Bank Facilities [ICRA]BBB- (Stable)
Yash Exports (India) Private Limited Bank Facilities [ICRA]BBB+ (CE) (Stable)
Yash Exports (India) Private Limited Bank Facilities [ICRA]BBB- (Stable)/[ICRA]A3
Yash Weavers Private Limited Bank Facilities [ICRA]BBB+ (CE) (Stable)
Yash Weavers Private Limited Bank Facilities [ICRA]BBB- (Stable)/[ICRA]A3

Company Name (Reaffirmations) Instrument Ratings

Aadhar Housing Finance Limited Bank Facilities [ICRA]AA(Stable)
Aadhar Housing Finance Limited Non-convertible debentures [ICRA]AA(Stable)
Aadhar Housing Finance Limited Non-convertible debentures [ICRA]AA(Stable)
Aadhar Housing Finance Limited Subordinated debt [ICRA]AA(Stable)
Aadhar Housing Finance Limited Commercial paper [ICRA]A1+
Abco Steel International Private Limited Bank Facilities [ICRA]BB (Stable)/[ICRA]A4+
Abis Sampoorna LLP Bank Facilities [ICRA]A(CE) (Stable)
Abis Sampoorna LLP Bank Facilities [ICRA]BBB- (Stable) / [ICRA]A3
Adani Transmission Limited Commercial paper [ICRA]A1+
Adcock Ingram Limited Bank Facilities [ICRA]A+ (Stable) / [ICRA]A1+
Agra Products Private Limited Bank Facilities [ICRA]BB+ (Positive) / [ICRA]A4+
Agro Indus Credits Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
AI Assets Holding Limited Non-Convertible Debenture [ICRA]AAA(CE) (Stable)
AI Assets Holding Limited Government of India (GoI) Fully Serviced Bonds [ICRA]AAA (Stable)
Alliance Polysacks Private Limited Bank Facilities [ICRA]BBB-(Positive)/ [ICRA]A3
Alukkas Enterprises Private Limited Bank Facilities [ICRA]A(Stable)
Alukkas Enterprises Private Limited Bank Facilities [ICRA]A (Stable)
Alukkas Gold Retail India Private Limited Bank Facilities [ICRA]A(Stable)
Alukkas Gold Retail India Private Limited Bank Facilities [ICRA]A2+
Alukkas Gold Retail India Private Limited Bank Facilities [ICRA]A (Stable)
Alukkas Jewellery Thrissur Bank Facilities [ICRA]A(Stable)
Amgoorie India Limited Bank Facilities [ICRA]A1
Ample Technologies Private Limited Bank Facilities [ICRA]A4
Amplus Energy Solutions Private Limited Bank Facilities [ICRA]AA-(Stable)
Amplus Sunshine Private Limited Bank Facilities [ICRA]AA-(Stable)
ANSR Global Corporation Private Limited Bank Facilities [ICRA]BBB(Stable)
Antariksh Warehousing and Logistics Parks Private Limited Bank Facilities [ICRA]A- (Stable)/[ICRA]A2+
APAC Financial Services Private Limited Bank Facilities [ICRA]A- (Stable)
Aparna Enterprises Ltd. Bank Facilities [ICRA]A-(Negative)/[ICRA]A2+
Aparna Profiles Pvt. Ltd Bank Facilities [ICRA]A-(CE)(Negative)
Aparna-Craft Exteriors Private Limited Bank Facilities [ICRA]BBB+(CE)(Negative) / [ICRA]A2(CE)
Aquatech Water Solutions Private Limited Bank Facilities [ICRA]BBB (Negative)
Aravali Power Company Private Limited Bank Facilities [ICRA]A1+
Arkas Energy LLP Bank Facilities [ICRA]D
Arohan Financial Services Limited Aavishkaar December 2021 Trust I PTC Series A1 [ICRA]A-(SO)
Arohan Financial Services Limited Aavishkaar December 2021 Trust III PTC Series A1 [ICRA]AA(SO)
Arohan Financial Services Limited Aavishkaar December 2021 Trust III PTC Series A2 [ICRA]A(SO)
Arohan Financial Services Limited Aavishkaar December 2021 Trust IV PTC Series A1 [ICRA]A+(SO)
Arohan Financial Services Limited Aavishkaar December 2021 Trust IV PTC Series A2 [ICRA]A-(SO)
Arohan Financial Services Limited Aavishkaar January 2022 Trust I PTC Series A [ICRA]A-(SO)
ASAP Fluids Private Limited Bank Facilities [ICRA]BBB+ (Stable) / [ICRA]A2
Asian Solvochem Private Limited Bank Facilities [ICRA]BBB(Stable)/[ICRA]A3+
Atlantic Global Shipping Private Limited Bank Facilities [ICRA]BB (Stable) /[ICRA]A4+
Aye Finance (P) Ltd. Non-convertible debentures [ICRA]BBB+ (Positive)
Aye Finance (P) Ltd. Non-convertible debentures [ICRA]BBB+ (Positive)
BBM Travel Retail Limited Bank Facilities [ICRA]A-(CE)(Stable)/[ICRA]A2+ (CE)
BEL-Thales Systems Ltd Issuer rating [ICRA]AA (Stable)
Bericap India Private Limited Bank Facilities [ICRA]BBB+(Stable)/[ICRA]A2
Bestech Hotels Private Limited Bank Facilities [ICRA]BBB (CE)(Stable)
Bharat Seats Limited Bank Facilities [ICRA]A- (Stable) / [ICRA]A2+
Bhima Gold and Diamonds, Adoor Bank Facilities [ICRA]A- (Stable)
Bhima Jewellers and Diamonds, Attingal Bank Facilities [ICRA]A-(Stable)
Bhima Jewellery Madurai Bank Facilities [ICRA]A-(Stable)
Bhima Jewellery Nagercoil Bank Facilities [ICRA]A-(Stable)
Bhima Jewellery Salem Bank Facilities [ICRA]A-(Stable)
Bhima Jewellery Trivandrum Bank Facilities [ICRA]A-(Stable)
Birla Group Holdings Private Limited Commercial paper [ICRA]A1+
Blue Dart Aviation Limited Bank Facilities [ICRA]AA(Stable)/[ICRA]A1+
Blue Dart Express Limited Bank Facilities [ICRA]AA(Stable)/ [ICRA]A1+
Brahmani River Pellets Limited Bank Facilities [ICRA]A (Stable)
Brigade Infrastructure and Power Private Limited Bank Facilities [ICRA]A+(CE) (Positive)
Cargill India Private Limited Commercial paper [ICRA]A1+
Cella Warehousing Private Limited Bank Facilities [ICRA]A+ (Stable)
Chaitanya India Fin Credit Private Limited Bank Facilities [ICRA]A- (Stable)
Chaitanya India Fin Credit Private Limited Non-convertible debentures [ICRA]A- (Stable)
Chaitanya India Fin Credit Private Limited Market linked debenture PP-MLD [ICRA]A- (Stable)
Chaitanya India Fin Credit Private Limited Subordinated debt [ICRA]A- (Stable)
Chaitanya India Fin Credit Private Limited Commercial paper [ICRA]A1
Chambal Fertilisers & Chemicals Limited Commercial paper [ICRA]A1+
Cherian Varkey Construction Company Private Limited Bank Facilities [ICRA]A- (Stable) / [ICRA]A2+
Chowgule and Company Private Limited Bank Facilities [ICRA]A+ (Stable) / [ICRA]A1
Chowgule Industries Private Limited Bank Facilities [ICRA]A(Stable)/[ICRA]A1
Citicorp Finance (India) Limited Market linked debenture PP-MLD[ICRA]AAA (Stable)
Citicorp Finance (India) Limited Market linked debenture PP-MLD[ICRA]AAA (Stable)
Citicorp Finance (India) Limited Non convertible debenture [ICRA]AAA (Stable)
Citicorp Finance (India) Limited Non convertible debenture [ICRA]AAA (Stable)
Citicorp Finance (India) Limited Short-term debt (ICD) [ICRA]A1+
Citicorp Finance (India) Limited Commercial paper [ICRA]A1+
Citicorp Finance (India) Limited Bank Facilities [ICRA]AAA (Stable)
[ICRA]A+ Rating Watch with Developing
Conneqt Business Solutions Limited Bank Facilities Implications/[ICRA]A1+ Rating Watch with Developing
Implications
Conneqt Business Solutions Limited Commercial paper [ICRA]A1+ Rating Watch with Developing Implications
CreditAccess Grameen Limited Principal Protected Market Linked Debentures PP-MLD [ICRA]AA+(CE) (Stable)
Crescent Chemicals Bank Facilities [ICRA]A3+
Crescent Organics Private Limited Bank Facilities [ICRA]BBB(Stable)/ [ICRA]A3+
Datamatics Global Services Limited Bank Facilities [ICRA]A+ (Stable) / [ICRA]A1+
Day1 Advisors Private Limited Non-convertible Debentures [ICRA]AAA(CE) (Stable)
Development Consultants Private Limited Bank Facilities [ICRA]BBB+ (Stable) / [ICRA]A2+
DLF Midtown Private Limited Bank Facilities [ICRA] A (Stable)
Doctor Pack India Private Limited Bank Facilities [ICRA]BB+ (Positive) /[ICRA]A4+
DP Jain Ujjain Package (Annuity) Road Projects Private Limited Bank Facilities [ICRA]A (Stable)
ECE Industries Limited Bank Facilities [ICRA]BBB (Stable) / [ICRA]A2
Edward Food Research and Analysis Centre Limited Non-convertible debenture [ICRA]B- (Stable)
Farmers Agriculture Credit Co-operative Society Limited Bank Facilities [ICRA]A4
FJM Cylinders Private Limited Bank Facilities [ICRA]BBB (Negative)/ [ICRA]A3+
Franklin Templeton Asset Management (India) Private Limited Franklin India Liquid Fund [ICRA]A1+mfs
Franklin Templeton Asset Management (India) Private Limited Franklin India Overnight Fund [ICRA]A1+mfs
Fusion Micro Finance Limited Non-convertible debenture [ICRA]A (Stable)
Fusion Micro Finance Limited Non-convertible debenture [ICRA]A (Stable)
Fusion Micro Finance Limited Subordinated debt [ICRA]A (Stable)
Ganesh Grains Limited Bank Facilities [ICRA]A+ (Stable)/[ICRA]A1
Garware Technical Fibres Limited Bank Facilities [ICRA]A1+
GE T&D India Limited (erstwhile Alstom T&D India Limited) Bank Facilities [ICRA]A (Negative) / [ICRA]A1
Gigaplex Estate Private Limited Bank Facilities [ICRA]AA+(Stable)
Godrej Properties Limited Bank Facilities [ICRA]AA+ (Stable)/ [ICRA]A1+
Godrej Properties Limited Commercial paper [ICRA]A1+
Godrej Properties Limited Non-convertible debenture [ICRA]AA+ (Stable)
Graphite India Limited Bank Facilities [ICRA]AA+(Stable)/[ICRA]A1+
Graphite India Limited Commercial Paper [ICRA]A1+
Green Gas Limited Bank Facilities [ICRA]AA (Stable) / [ICRA]A1+
Green Infra Wind Energy Limited Commercial paper [ICRA]A1+
Green Infra Wind Energy Limited Bank Facilities [ICRA]A1+
Gulbarga Electricity Supply Company Limited Bank Facilities [ICRA]BBB- (Stable) / [ICRA]A3
Gumpro Drilling Fluids Private Limited Bank Facilities [ICRA]BBB+ (Stable) /[ICRA]A2
H.G. Rewari Bypass Pvt. Ltd. Bank Facilities [ICRA]AA-(CE) (Stable)
H.G. Rewari Bypass Pvt. Ltd. Bank Facilities [ICRA]A1+(CE)
HDFC Credila Financial Services Limited Commercial paper [ICRA]A1+
HDFC Credila Financial Services Limited Bank Facilities [ICRA]AAA (Stable)
HDFC Credila Financial Services Limited Non-convertible debenture [ICRA]AAA (Stable)
HDFC Credila Financial Services Limited Non-convertible subordinated debenture [ICRA]AAA (Stable)
HDFC Credila Financial Services Limited Perpetual debt [ICRA]AA+ (Stable)
HDFC Ergo General Insurance Company Limited Issuer Rating [ICRA]AAA (Stable)
HDFC Ergo General Insurance Company Limited Subordinated debt [ICRA]AAA (Stable)
HDFC Ergo General Insurance Company Limited Subordinated debt [ICRA]AAA (Stable)
Hexagon Nutrition (Exports) Private Limited Bank Facilities [ICRA]A- (Stable)/[ICRA]A2+
Hexagon Nutrition (International) Private Limited Bank Facilities [ICRA]A- (Stable)/[ICRA]A2+
Hexagon Nutrition Limited Bank Facilities [ICRA]A- (Stable)/[ICRA]A2+
HLL Lifecare Limited Bank Facilities [ICRA]A- (Stable) / [ICRA]A2+
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Jul-09 Acquirer Payouts [ICRA]AAA(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Jul-09 Second Loss Facility [ICRA]AA+(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-10 II Purchaser Payouts [ICRA]AAA(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-10 II Second Loss Facility [ICRA]AA+(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-10 III Purchaser Payouts [ICRA]AAA(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-10 III Second Loss Facility [ICRA]AA+(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-10 IV Purchaser Payouts [ICRA]AAA(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-10 IV Second Loss Facility [ICRA]AA+(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-11 I Purchaser Payouts [ICRA]AAA(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-11 I Second Loss Facility [ICRA]AA+(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-11 II Purchaser Payouts [ICRA]AAA(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-11 II Second Loss Facility [ICRA]AA+(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-12 I Purchaser Payouts [ICRA]AAA(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-12 II Purchaser Payouts [ICRA]AAA(SO)
Housing Development Finance Corporation Limited MBS 2016 SERIES I TRUST PTC Series A1 [ICRA]AAA(SO)
HSBC Asset Management (India) Private Limited HSBC Liquid Fund [ICRA]A1+mfs
HSBC Asset Management (India) Private Limited HSBC Overnight Fund [ICRA]A1+mfs
HSBC Asset Management (India) Private Limited HSBC Ultra Short Duration Fund [ICRA]A1+mfs
HSBC Asset Management (India) Private Limited HSBC Dynamic Bond Fund [ICRA]AAAmfs
ICICI Securities Limited Commercial paper [ICRA]A1+
ICICI Securities Limited Non-convertible Debenture [ICRA]AAA (Stable)
IDBI Asset Management Limited IDBI Liquid Fund [ICRA]A1+mfs
IDBI Asset Management Limited IDBI Ultra Short Term Fund [ICRA]A1+mfs
India Food Exports Bank Facilities [ICRA]BB+(Stable)/[ICRA]A4+
Indian Highway Concessions Trust Bank Facilities [ICRA]AAA (Stable)
Indian Terrain Fashions Limited Bank Facilities [ICRA]BBB+(Stable)/[ICRA]A2
Indorama India Private Limited (erstwhile IRC Agrochemicals Private Limited) Bank Facilities [ICRA]AA- (CE)(Positive)/[ICRA]A1+(CE)
Indorama India Private Limited (erstwhile IRC Agrochemicals Private Limited) Bank Facilities [ICRA]A (Positive)
Indospace Chittoor Private Limited Bank Facilities [ICRA]A- (Positive)
Indotech Transformers Limited Bank Facilities [ICRA]BBB- (Stable) / [ICRA]A3
Indotech Transformers Limited Issuer rating [ICRA]BBB- (Stable)
Industrial Solvents & Chemicals Private Limited Bank Facilities [ICRA]A+(Stable)/[ICRA]A1+
Invesco Asset Management (India) Private Limited Invesco India Overnight Fund [ICRA]A1+mfs
Invesco Asset Management (India) Private Limited Invesco India Ultra Short Term Fund [ICRA]A1+mfs
Invesco Asset Management (India) Private Limited Invesco India Money Market Fund [ICRA]A1+mfs
Invesco Asset Management (India) Private Limited Invesco India Liquid Fund [ICRA]A1+mfs
Invesco Asset Management (India) Private Limited Invesco India Short Term Fund [ICRA]AAAmfs
Invesco Asset Management (India) Private Limited Invesco India Treasury Advantage Fund [ICRA]AAAmfs
Invesco Asset Management (India) Private Limited Invesco India Corporate Bond Fund [ICRA]AAAmfs
Invesco Asset Management (India) Private Limited Invesco India Banking and PSU Debt Fund [ICRA]AAAmfs
IRM Private Limited (erstwhile IRM Limited) Bank Facilities [ICRA]BBB-(Stable)/[ICRA]A3
ITD Cementation India Limited Bank Facilities [ICRA]A (Stable)/[ICRA]A1
J.M. Financial & Investment Consultancy Services Private Limited Commercial paper [ICRA]A1+
Jana Small Finance Bank Limited Smith IFMR Capital 2016 PTC Series A2 [ICRA]D(SO)
Jana Small Finance Bank Limited Goldstein IFMR Capital 2016 PTC Series A2 [ICRA]D(SO)
Jana Small Finance Bank Limited Syme IFMR Capital 2016 PTC Series A2 [ICRA]D(SO)
Jana Small Finance Bank Limited Oceania IFMR Capital 2016 PTC Series A3 [ICRA]D(SO)
Jana Small Finance Bank Limited Moses IFMR Capital 2016 PTC Series A2 [ICRA]D(SO)
Jana Small Finance Bank Limited Raphael IFMR Capital 2016 PTC Series A1 [ICRA]D(SO)
Jana Small Finance Bank Limited Raphael IFMR Capital 2016 PTC Series A2 [ICRA]D(SO)
Jana Small Finance Bank Limited Leonardo IFMR Capital 2016 PTC Series A2 [ICRA]D(SO)
Jasper Industries Private Limited Bank Facilities [ICRA]BB+(Stable)/[ICRA]A4+
JM Financial Institutional Securities Limited Bank Facilities [ICRA]AA (Stable)
JM Financial Services Limited Principal Protected Market Linked Debentures PP-MLD[ICRA]AA (Stable)
JM Financial Services Limited Bank Facilities [ICRA]AA (Stable)
JM Financial Services Limited Commercial paper [ICRA]A1+
JSK Industries Private Limited Bank Facilities [ICRA]A (Stable)/[ICRA]A1
Kandalaa Bank Facilities [ICRA]BB-(Stable)
Kaynes Technology India Limited Bank Facilities [ICRA]BBB(Stable)
KCC Buildcon Private Limited Bank Facilities [ICRA]A(Positive) / [ICRA]A2+
KCC Dhangaon Boregaon Expressway Private Limited Bank Facilities [ICRA]A-(Stable)
Keltech Energies Limited Bank Facilities [ICRA]BBB+(Stable)
Kirby Building Systems & Structures India (Gujarat) Private Limited Bank Facilities [ICRA]A+(Stable)/[ICRA]A1
Kirby Building Systems & Structures India Private Limited Bank Facilities [ICRA]AA- (Stable) / [ICRA]A1+
Koomber Tea Company Private Limited Bank Facilities [ICRA]A1
KPIG Energia Private Limited Bank Facilities [ICRA]A-(CE) (Stable)
Krsnaa Diagnostics Limited Bank Facilities [ICRA]A(Stable) / [ICRA]A1
L&T Interstate Road Corridor Limited Non-convertible Debentures [ICRA]AAA(Stable)
L&T Interstate Road Corridor Limited Non-convertible Debentures [ICRA]AAA(Stable)
L&T Metro Rail (Hyderabad) Limited Non-Convertible Debenture [ICRA]AAA (CE) (Stable)
Laborate Pharmaceuticals India Limited Bank Facilities [ICRA]A+(Stable)/[ICRA]A1
Laila Hotels and Resorts Pvt. Ltd. Bank Facilities [ICRA]BB (Stable)
Lalganj Power Pvt. Ltd Bank Facilities [ICRA]A- (Stable)
LEA Associates South Asia Private Limited Bank Facilities [ICRA]A+(Stable)
Lendingkart Finance Limited SBL Rudolph 2021 Series A1 PTC [ICRA]A+(SO)
Lumax Industries Limited Bank Facilities [ICRA]A+(Stable) / [ICRA]A1
M G Petrochem Private Limited Bank Facilities [ICRA] A(CE)(Stable)
M Hanumantha Rao Bank Facilities [ICRA]BBB- (Stable)
Mahindra Agri Solutions Limited Bank Facilities [ICRA]A+ (Negative)
Mallcom (India) Limited Bank Facilities [ICRA]A (Stable)
Marine Electricals (I) Limited Bank Facilities [ICRA]BBB(Stable) / [ICRA]A3+
Mawana Sugars Limited Bank Facilities [ICRA]BBB (Stable)/[ICRA]A3+
Mawana Sugars Limited Issuer Rating [ICRA]BBB (Stable)
Maxion Wheels Aluminum India Private Limited Bank Facilities [ICRA]BBB+ (Positive)
Mayfair Hotels & Resorts Limited Issuer Rating [ICRA]BBB (Stable)
Mindarika Private Limited Bank Facilities [ICRA]AA-(Stable)/[ICRA]A1+
Mindspace Business Parks REIT Issuer Rating [ICRA]AAA (Stable)
Mindspace Business Parks REIT Non Convertible Debenture [ICRA]AAA (Stable)
Mirae Asset Investment Managers (India) Private Limited Mirae Asset Ultra Short Duration Fund [ICRA]A1+mfs
Mirae Asset Investment Managers (India) Private Limited Mirae Asset Cash Management Fund [ICRA]A1+mfs
Mirae Asset Investment Managers (India) Private Limited Mirae Asset Overnight Fund [ICRA]A1+mfs
Mirae Asset Investment Managers (India) Private Limited Mirae Asset Savings Fund [ICRA]AAAmfs
Mirae Asset Investment Managers (India) Private Limited Mirae Asset Short Term Fund [ICRA]AAAmfs
National Housing Bank Commercial paper [ICRA]A1+
National Housing Bank Long-term borrowing [ICRA]AAA (Stable)
NPCI Bharat Billpay Limited Bank Facilities [ICRA]A1+
ONGC Petro additions Limited Non-Convertible Debenture [ICRA]AAA(CE) (Stable)
ONGC Petro additions Limited Non-Convertible Debenture [ICRA]AA (Stable)
ONGC Petro additions Limited Compulsorily Convertible Debentures [ICRA]AAA(CE) (Stable)
ONGC Petro additions Limited Commercial Paper [ICRA]A1+
ONGC Petro additions Limited Bank Facilities [ICRA]AA (Stable)
ONGC Petro additions Limited Bank Facilities [ICRA]AA (Stable) / [ICRA]A1+
Oriental Aromatics Limited Bank Facilities [ICRA]A (Negative) / [ICRA]A2+
Pai International Electronics Limited Bank Facilities [ICRA]BBB (Stable) / [ICRA]A3+
Paras Defence & Space Technologies Limited Bank Facilities [ICRA]A- (Stable) /[ICRA]A2+
PGIM India Asset Management Private Limited PGIM India Ultra Short Duration Fund [ICRA]A1+mfs
PGIM India Asset Management Private Limited PGIM India Liquid Fund [ICRA]A1+mfs
PGIM India Asset Management Private Limited PGIM India Overnight Fund [ICRA]A1+mfs
PGIM India Asset Management Private Limited PGIM India Money Market Fund [ICRA]A1+mfs
PGIM India Asset Management Private Limited PGIM India Dynamic Bond Fund [ICRA]AAAmfs
PGIM India Asset Management Private Limited PGIM India Corporate Bond Fund [ICRA]AAAmfs
PGIM India Asset Management Private Limited PGIM India Banking and PSU Debt Fund [ICRA]AAAmfs
Phoenix Conveyor Belt India (P) Limited Bank Facilities [ICRA]A+ (Stable)/[ICRA]A1+
Pioneer Polyleathers Private Limited Bank Facilities [ICRA]A- (Stable) / [ICRA]A2+
Piramal Capital & Housing Finance Limited (erstwhile Dewan Housing Finance
DHFL Mortgage Loan Pool D.A. Jan-12 Purchaser Payouts [ICRA]AAA(SO)
Corporation Limited)
Pluto Business Parks Private Limited Bank Facilities [ICRA]A- (Stable)
PM Infrastructure Private Limited Bank Facilities [ICRA]BB (Stable)
PNB Gilts Limited Commercial paper [ICRA]A1+
PNB Gilts Limited Inter-corporate deposits [ICRA]A1+
Poonawalla Housing Finance Limited MHFL SECURITISATION TRUST II PTC Series A1 [ICRA]AA(SO)
Poonawalla Housing Finance Limited MHFL SECURITISATION TRUST II PTC Series A2 [ICRA]AA(SO)
Poonawalla Housing Finance Limited MHFL SECURITISATION TRUST II Second Loss Facility [ICRA]BBB-(SO)
Power Grid Corporation of India Limited Long Term Bonds [ICRA]AAA(Stable)
Power Grid Corporation of India Limited Commercial Paper/ Short term borrowing programme [ICRA]A1+
Power Grid Corporation of India Limited Bank Facilities [ICRA]AAA(Stable)/[ICRA]A1+
Prabhudas Lilladher Financial Services Private Limited Bank Facilities [ICRA]A2
Prabhudas Lilladher Private Limited Bank Facilities [ICRA]A2
Ps Toll Road Private Limited Bank Facilities [ICRA]D
Rahman Industries Limited Bank Facilities [ICRA]BBB (Stable) / [ICRA]A3+
Rane Brake Lining Limited Bank Facilities [ICRA]AA- (Stable) / [ICRA]A1+
Reitzel India Private Limited Bank Facilities [ICRA]BBB- (Stable)/[ICRA]A3
Remsons Industries Limited Bank Facilities [ICRA]BBB-(Stable)/[ICRA]A3
Repco Home Finance Limited Bank Facilities [ICRA]AA- (Stable)
Repco Home Finance Limited Commercial paper [ICRA]A1+
Resil Chemicals Private Limited Bank Facilities [ICRA]A- (Stable) / [ICRA]A2+
Ritco Logistics Limited Bank Facilities [ICRA]BBB+ (Negative)
Rohan Landscape Private Limited Bank Facilities [ICRA]A- (Stable)
Rosy Blue (India) Private Limited Bank Facilities [ICRA]A-(Stable)/[ICRA]A2+
S.N.N. Textiles Private Limited Bank Facilities [ICRA]B+(Stable)
S.P.Mani and Mohan Dairy (India) Private Limited Bank Facilities [ICRA]BBB- (Stable)
Sahyadri Farmers Producer Company Limited Bank Facilities [ICRA]BBB+ (Stable) / [ICRA]A2
Sai Global Yarntex (India) Private Limited Bank Facilities [ICRA]A4
Sakuma Exports Limited Bank Facilities [ICRA]BBB (Stable)/[ICRA]A3+
Sasan Power Limited Bank Facilities [ICRA]BB+(Negative)/[ICRA]A4
Secura Logistics Park Private Limited Bank Facilities [ICRA]BBB+ (Stable) / [ICRA]A2
Seeds & Grains India Private Limited Bank Facilities [ICRA]BB- (Stable) / [ICRA]A4
Shakti Hormann Private Limited Bank Facilities [ICRA]A-(Positive) / [ICRA]A2+
Shamanur Sugars Limited Bank Facilities [ICRA]BB- (Stable)
Shirina Industrial & Logistics Park Private Limited Bank Facilities [ICRA]BBB+ (Stable) / [ICRA]A2
Shriram City Union Finance Limited Commercial Paper [ICRA]A1+
Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited) Fixed Deposit [ICRA]AA+ (Stable)
Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited) Non-convertible debenture [ICRA]AA+ (Stable)
SIAC SKH India Cabs Manufacturing Private Limited Bank Facilities [ICRA]BBB- (Stable) / [ICRA] A3
Sireesh Auto Private Limited Bank Facilities [ICRA]A4+
Siri Tecon Bank Facilities [ICRA]BB(Stable)/[ICRA]A4
SKH Metals Limited Bank Facilities [ICRA]A- (stable) / [ICRA]A2+
South Central Railway Employees’ Co-operative Credit Society Limited Bank Facilities [ICRA]BBB+ (Stable)
South City Projects (Kolkata) Limited Bank Facilities [ICRA] A- (Stable)/ [ICRA] A2+
Sri Sankari Yarns Private Limited Bank Facilities [ICRA]BBB+ (Stable) / [ICRA]A2
State Bank of India Infrastructure Bonds [ICRA]AAA (Stable)
State Bank of India Basel III Tier II Bonds [ICRA]AAA (Stable)
State Bank of India Basel III Tier I Bonds [ICRA]AA+ (Stable)
State Bank of India Fixed Deposits [ICRA]AAA (Stable)
Stelis Biopharma Limited Bank Facilities [ICRA]A-(CE) (Negative)
Stelis Biopharma Limited Bank Facilities [ICRA]BB+ (Negative)
Subros Limited Bank Facilities [ICRA]AA- (Positive) / [ICRA]A1+
Subros Limited Commercial paper [ICRA]A1+
Sundaram Home Finance Limited Santhanam Series II PTC Series A [ICRA]AAA(SO)
Surin Automotive Private Limited Bank Facilities [ICRA]A (Stable) / [ICRA]A1
Suttatti Enterprises Private Limited Bank Facilities [ICRA]A- (Stable)
SVF Entertainment Private Limited (earlier Shree Venkatesh Films Private Limited) Bank Facilities [ICRA]BBB+ (Stable) / [ICRA]A2+
Tanna Agro Impex Private Limited Bank Facilities [ICRA]BBB+ (Positive) / [ICRA]A2
Tasty Bite Eatables Limited Bank Facilities [ICRA]A+ (Stable) / [ICRA]A1
Tata Cleantech Capital Limited Commercial Paper [ICRA]A1+
Tata Steel Downstream Products Limited (erstwhile Tata Steel Processing and
Bank Facilities [ICRA]AA (Stable) / [ICRA]A1+
Distribution Limited )
Team Computers Private Limited Bank Facilities [ICRA]A2+
THDC India Limited Non-convertible debenture [ICRA]AA(Stable)
The Delhi Safe Deposit Co. Ltd Fixed deposit [ICRA]BBB- (Negative)
Tirumala Cotton & Agro Products Private Limited Bank Facilities [ICRA]BB (Stable) / [ICRA]A4+
TRIL Roads Private Limited Bank Facilities [ICRA]A+(Stable)
Trust Asset Management Private Limited TRUSTMF Money Market Fund [ICRA]A1+mfs
Trust Asset Management Private Limited TRUSTMF Banking & PSU Debt Fund [ICRA]AAAmfs
Trust Asset Management Private Limited TRUSTMF Liquid Fund [ICRA]A1+mfs
Trust Asset Management Private Limited TRUSTMF Short Term Fund [ICRA]AAAmfs
Tuppadahalli Energy India Pvt Ltd Bank Facilities [ICRA]A+ (Stable)
U K B Electronics Private Limited Bank Facilities [ICRA]BBB+ (Stable)/ [ICRA]A2
United Spirits Limited Bank Facilities [ICRA]AA+ (Positive) / [ICRA]A1+
UTI Asset Management Company Limited UTI Ultra Short Term Fund [ICRA]A1+mfs
UTI Asset Management Company Limited UTI Corporate Bond Fund [ICRA]AAAmfs
UTI Asset Management Company Limited UTI Floater Fund [ICRA]AAAmfs
UTI Asset Management Company Limited UTI Money Market Fund [ICRA]A1+mfs
UTI Asset Management Company Limited UTI Liquid Cash Plan Fund [ICRA]A1+mfs
UTI Asset Management Company Limited UTI Treasury Advantage Fund [ICRA]AAAmfs
UTI Asset Management Company Limited UTI Overnight Fund [ICRA]A1+mfs
V.S.T. Tillers Tractors Limited Bank Facilities [ICRA]AA- (Positive)/[ICRA]A1+
Vessel Warehousing Private Limited Bank Facilities [ICRA] A+ (Stable)
Vijay Pulse Pvt. Ltd. Bank Facilities [ICRA]B (Stable)
Visakhapatnam Port Logistics Park Ltd Bank Facilities [ICRA]B-(Stable)
Vivriti Capital Private Limited Market linked debenture PP-MLD[ICRA]AA+(CE) (Stable)
VR Dakshin Private Limited (formerly Sugam Vanijya Holdings Private Limited) Non-convertible debenture [ICRA]BBB (Stable)
VR Dakshin Private Limited (formerly Sugam Vanijya Holdings Private Limited) Bank Facilities [ICRA]BBB (Stable)
VSV Renewables Private Limited Bank Facilities [ICRA]A- (Stable)
Weener Empire Plastics Private Limited Bank Facilities [ICRA]A- (Stable)/[ICRA]A2+
Wheels India Limited Fixed Deposits [ICRA]A- (Stable)
Wheels India Limited Commercial Paper [ICRA]A2+
Wheels India Limited Bank Facilities [ICRA]A- (Stable) / [ICRA]A2+
WhiteOak Capital Asset Management Limited WhiteOak Capital Liquid Fund [ICRA]A1+mfs
WhiteOak Capital Asset Management Limited WhiteOak Capital Ultra Short Term Fund [ICRA]A1+mfs
WIL Car Wheels Limited Bank Facilities [ICRA]BBB(Stable)/[ICRA]A2
Zinka Logistics Solutions Private Limited Bank Facilities [ICRA]A4+

Upgrade
Entity Instrument Previous Rtg Revised Rtg
[ICRA]BB+ (Stable) ISSUER NOT COOPERATING /
Ambience Interiors Private Limited Bank Facilities [ICRA]BBB+(Stable) / [ICRA]A2
[ICRA]A4+ ISSUER NOT COOPERATING
Ample Technologies Private Limited Bank Facilities [ICRA]B+ (Stable) ISSUER NOT COOPERATING [ICRA]BB (Stable)
Aravali Power Company Private Limited Bank Facilities [ICRA]AA-(Stable) [ICRA]AA (Stable)
Bestech Hotels Private Limited Bank Facilities [ICRA]BB+ (Stable) [ICRA]BBB- (Stable)
Credo Life Sciences Private Limited Bank Facilities [ICRA]BB (Positive) [ICRA]BB+ (Stable)
ECL Finance Limited UBL Trust 10 PTC Series A1 [ICRA]AA-(SO) [ICRA]AA+(SO)
ECL Finance Limited UBL Trust 11 PTC Series A1 [ICRA]AA-(SO) [ICRA]AA(SO)
Garware Technical Fibres Limited Bank Facilities [ICRA]AA (Positive) [ICRA]AA+ (Stable)
Green Infra Wind Energy Limited Bank Facilities [ICRA]AA (Stable) [ICRA]AA+ (Stable)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-12 I Second Loss Facility [ICRA]AA(SO) [ICRA]AA+(SO)
Housing Development Finance Corporation Limited HDFC Mortgage Loan Pool D.A. Mar-12 II Second Loss Facility [ICRA]AA(SO) [ICRA]AA+(SO)
HVK International Private Limited Bank Facilities [ICRA]BBB (Stable) / [ICRA]A3+ [ICRA]BBB+ (Stable) / [ICRA]A2
In-Solutions Global Limited Bank Facilities [ICRA]BBB- (Stable) / [ICRA]A3 [ICRA]BBB (Stable) / [ICRA]A3+
LEA Associates South Asia Private Limited Bank Facilities [ICRA]A1 [ICRA]A1+
Montecarlo Singhara Binjhabahal Highway Pvt Ltd Bank Facilities [ICRA]A (Positive) [ICRA]AA- (Positive)
Piramal Capital & Housing Finance Limited (erstwhile Dewan Housing Finance
DHFL Mortgage Loan Pool D.A. Feb-12 Purchaser Payouts [ICRA]AA+(SO) [ICRA]AAA(SO)
Corporation Limited)
Piramal Capital & Housing Finance Limited (erstwhile Dewan Housing Finance
DHFL Mortgage Loan Pool D.A. Feb-12 II Purchaser Payouts [ICRA]AA+(SO) [ICRA]AAA(SO)
Corporation Limited)
Piramal Capital & Housing Finance Limited (erstwhile Dewan Housing Finance
Nirmaan RMBS Trust Series I 2013 PTC Series A1 [ICRA]AA+(SO) [ICRA]AAA(SO)
Corporation Limited)
Piramal Capital & Housing Finance Limited (erstwhile Dewan Housing Finance
Nirmaan RMBS Trust Series I 2013 PTC Series A2 [ICRA]AA(SO) [ICRA]AA+(SO)
Corporation Limited)
Piramal Capital & Housing Finance Limited (erstwhile Dewan Housing Finance
Nirmaan RMBS Trust Series I 2017 PTC Series A [ICRA]AA+(SO) [ICRA]AAA(SO)
Corporation Limited)
Piramal Capital & Housing Finance Limited (erstwhile Dewan Housing Finance
Nirmaan RMBS Trust Series I 2017 Second Loss Facility [ICRA]BBB+(SO) [ICRA]A-(SO)
Corporation Limited)
Piramal Capital & Housing Finance Limited (erstwhile Dewan Housing Finance
Nirmaan RMBS Trust Series II 2017 PTC Series A [ICRA]AA(SO) [ICRA]AAA(SO)
Corporation Limited)
Rajkrupa Textiles India Private Limited Bank Facilities [ICRA]BB+ (Stable) ISSUER NOT COOPERATING [ICRA]BBB+ (Stable)
Shriram City Union Finance Limited Non-convertible Debenture [ICRA]AA Rating watch with positive implications [ICRA]AA+(Stable)
Shriram City Union Finance Limited Fixed Deposit [ICRA]AA Rating watch with positive implications [ICRA]AA+(Stable)
Shriram City Union Finance Limited Market Linked Debentures PP-MLD[ICRA]AA rating watch with positive implications PP-MLD[ICRA]AA+(Stable)
Sireesh Auto Private Limited Bank Facilities [ICRA]BB (Stable) [ICRA]BB+ (Stable)
SK Finance Limited (erstwhile Ess Kay Fincorp Limited) Ess Kay IB DA 2020 Assignee payouts [ICRA]A(SO) [ICRA]A+(SO)
SRC Chemicals Private Limited Bank Facilities [ICRA]BBB- (Positive) / [ICRA]A3 [ICRA]BBB (Stable) / [ICRA]A3+
Svatantra Microfin Private Limited Subordinated debt [ICRA]A (Stable) [ICRA]A+ (Stable)
SVP Builders (I) Limited Bank Facilities [ICRA]B (Stable) ISSUER NOT COOPERATING [ICRA]BB (Stable)
Team Computers Private Limited Bank Facilities [ICRA]A-(Stable) [ICRA]A(Stable)
Uneecops Technologies Limited Bank Facilities [ICRA]BBB- (Positive) / [ICRA]A3 [ICRA]BBB(Stable) / [ICRA]A3+
Uniparts India Limited Bank Facilities [ICRA]A+ (Positive) / [ICRA]A1 [ICRA]AA- (Stable) / [ICRA]A1+
UTI Asset Management Company Limited UTI Banking & PSU Debt Fund [ICRA]A-mfs [ICRA]AAAmfs
Vanshika Construction Bank Facilities [ICRA]B+ (Stable) ISSUER NOT COOPERATING [ICRA]BB (Stable)

Downgrade
Entity Instrument Previous Rtg Revised Rtg
Amgoorie India Limited Bank Facilities [ICRA]A+ (Stable) [ICRA]A (Stable)
ASA International India Microfinance Limited Bank Facilities [ICRA]BBB-(Negative) [ICRA]BB+(Negative)
ASA International India Microfinance Limited Non convertible debenture [ICRA]BBB-(Negative) [ICRA]BB+(Negative)
ASA International India Microfinance Limited Non convertible debenture [ICRA]BBB-(Negative) [ICRA]BB+(Negative)
[ICRA]BB+ (Stable) ISSUER NOT COOPERATING/[ICRA]A4+
Black Burn & Co. Private Limited Bank Facilities [ICRA]BBB- (Stable)/ [ICRA]A3
ISSUER NOT COOPERATING
Dhansar Engineering Co. Private Limited Bank Facilities [ICRA]BBB (Negative) / [ICRA]A3+ [ICRA]BBB- (Stable) / [ICRA]A3
Dileep Industries Private Limited Bank Facilities [ICRA]A3 [ICRA]A4+ ISSUER NOT COOPERATING
GE Power Systems India Private Limited (erstwhile Alstom Bharat Forge Power
Bank Facilities [ICRA]A- (Negative) / [ICRA]A2+ [ICRA]BBB+ (Negative) / [ICRA]A2
Private Limited)
GM Sugar & Energy Limited Bank Facilities [ICRA]BB (Negative) [ICRA]B+ (Stable) ISSUER NOT COOPERATING
Goodcore Spintex Private Limited Bank Facilities [ICRA]A-(CE)(Stable)/[ICRA]A2+(CE) [ICRA]BBB+(CE)(Stable)/[ICRA]A2(CE)
Goodricke Group Limited Bank Facilities [ICRA]AA- (Stable) / [ICRA]A1+ [ICRA]A+ (Stable) / [ICRA]A1
[ICRA]BB+ (Stable) ISSUER NOT COOPERATING / [ICRA]B+ (Stable) ISSUER NOT COOPERATING / [ICRA]A4
Grand Prix Engineering (P) Ltd. Bank Facilities
[ICRA]A4+ ISSUER NOT COOPERATING ISSUER NOT COOPERATING
[ICRA]BB (Stable) ISSUER NOT COOPERATING / [ICRA] A4
Gurpreet Galvanizing Private Limited Bank Facilities [ICRA]BBB- (Stable)/ [ICRA]A3
ISSUER NOT COOPERATING
Heurtey Petrochem India Private Limited Bank Facilities [ICRA]BB (Stable) [ICRA]B+ (Stable) ISSUER NOT COOPERATING
Jana Holdings Limited Non Convertible Debenture PP-MLD[ICRA]B+ (Negative) PP-MLD[ICRA]B (Negative)
Koomber Tea Company Private Limited Bank Facilities [ICRA]A+ (Stable) [ICRA]A (Stable)

Kotarki Constructions Private Limited Bank Facilities [ICRA]B+ (Stable) ISSUER NOT COOPERATING [ICRA]C ISSUER NOT COOPERATING

[ICRA]BB+ (Stable) ISSUER NOT COOPERATING / [ICRA]B+ (Stable) ISSUER NOT COOPERATING / [ICRA]A4
M.S. Life Drug House Private Limited Bank Facilities
[ICRA]A4+ ISSUER NOT COOPERATING ISSUER NOT COOPERATING
Madurai Trans Carrier Limited Bank Facilities [ICRA]A(Stable) [ICRA]A-(Stable)
Mahesh Hardware & Pipes Pvt ltd Bank Facilities [ICRA]BB(Stable) ISSUER NOT COOPERAITNG [ICRA]B+ (Stable) ISSUER NOT COOPERATING
[ICRA]BB+ (Stable) ISSUER NOT COOPERATING / [ICRA]A4+
Mira Exim Limited Bank Facilities [ICRA]BBB- (Stable)/[ICRA]A3
ISSUER NOT COOPERATING
[ICRA]BB+ (Stable) ISSUER NOT COOPERATING / [ICRA]A4+
Modern Industries Bank Facilities [ICRA]BBB- (Stable) / [ICRA]A3
ISSUER NOT COOPERATING
[ICRA]B+ (Stable) ISSUER NOT COOPERATING / [ICRA]D ISSUER NOT COOPERATING / [ICRA]D ISSUER NOT
MRJ Steels Private Limited Bank Facilities
[ICRA]A4 ISSUER NOT COOPERATING COOPERATING
[ICRA]BB+ (Stable) ISSUER NOT COOPERATING / [ICRA]B+ (Stable) ISSUER NOT COOPERATING / [ICRA]A4
RA International Bank Facilities
[ICRA]A4+ ISSUER NOT COOPERATING ISSUER NOT COOPERATING
RA International Issuer Rating [ICRA]BB+ (Stable) ISSUER NOT COOPERATING [ICRA]B+ (Stable) ISSUER NOT COOPERATING
Rehber Food Industries Private Limited Bank Facilities [ICRA]BBB- (Negative) [ICRA]BB+ (Negative)
Rehber Food Industries Private Limited Bank Facilities [ICRA]BB+ (Negative) [ICRA]D
Renaissance Buildhome Private Limited Bank Facilities [ICRA]BB+ (Stable) [ICRA]B+ (Stable) ISSUER NOT COOPERATING
Sai Global Yarntex (India) Private Limited Bank Facilities [ICRA]B+(Stable) [ICRA]B (Stable)
Shivalakha Solar Energy Private Limited (formerly Solar Semiconductor Power
Bank Facilities [ICRA]BB- (Stable) [ICRA]B+ (Stable)
Company (India) Pvt. Ltd.)
Shorapur Solar Power Limited Bank Facilities [ICRA]B+ (Stable) ISSUER NOT COOPERATING [ICRA]B (Stable)
Shree Ram Proteins Limited Bank Facilities [ICRA]BB-(Stable) [ICRA]B+ Rating watch with Negative Implications
Shrinivasa Cattle Feeds Private Limited Bank Facilities [ICRA]BB (Stable) [ICRA]B+(Stable) ISSUER NOT COOPERATING
SNN Builders Private Limited Bank Facilities [ICRA]BBB (Stable) [ICRA]BB (Stable) ISSUER NOT COOPERATING
Stewart Holl (India) Limited Bank Facilities [ICRA]A+ (Stable)/ [ICRA]A1+ [ICRA]A (Stable)/ [ICRA]A1
Sudha Bio Power Private Limited Bank Facilities [ICRA]BB- (Negative) [ICRA]B+(Stable) ISSUER NOT COOPERATING
Sunbeam Generators Private Limited Bank Facilities [ICRA]BBB+ (Negative) / [ICRA]A2 [ICRA]BBB (Stable) / [ICRA]A3+
SVSVS Projects Private Limited Bank Facilities [ICRA]B+ (Stable) ISSUER NOT COOPERATING [ICRA]D ISSUER NOT COOPERATING
V2 Retail Limited Bank Facilities [ICRA]BBB+ (Stable) [ICRA]BB+ (Stable) ISSUER NOT COOPERATING
Villupuram District Co-Operative Milk Producers Union Limited Bank Facilities [ICRA]BB(Stable) [ICRA]B+ (Stable) ISSUER NOT COOPERATING

ISSUER NOT COOPERATING

Entity Instrument Ratings
A N Associates Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Aadi Polymers Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Aarneel Technocrafts Private Limited Bank Facilities [ICRA]B (Stable)
Aasra Foundations (Regd.) Bank Facilities [ICRA]D
ADH Chemicals Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Agarwal Chem Products (India) Pvt. Ltd. Bank Facilities [ICRA]B (Stable)
Aircon Engineers Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Ajit Kumar Swain Bank Facilities [ICRA]B (Stable) / [ICRA]A4
Alapatt Jewels Bank Facilities [ICRA]B(Stable)
Arene Life Sciences Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Arshit Gems Bank Facilities [ICRA]D / [ICRA]D
Avera Resource Private Limited Bank Facilities [ICRA]D
Azam Rubber Products Private Limited Bank Facilities [ICRA]D / [ICRA]D
B.K.Threshers Pvt. Ltd Bank Facilities [ICRA]D / [ICRA]D
Bhagyanagar Chlorides Private Limited Bank Facilities [ICRA]BB+(Stable)
Brajesh Packaging Private Limited Bank Facilities [ICRA]D / [ICRA]D
Caspro Metal Industries Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Chaitanya Chemicals Bank Facilities [ICRA]B+ (Stable)
Chevrox Constructions Pvt. Ltd. Bank Facilities [ICRA]BBB- (Stable) / [ICRA]A3
Ciemme Jewels Limited Bank Facilities [ICRA]D
Country Club Hospitality and Holidays Limited (Formerly Country Club (India)
Bank Facilities [ICRA]D
Limited)
Desai Distributors Bank Facilities [ICRA]B+ (Stable)
Dileep Essentials Private Limited Bank Facilities [ICRA]B+ (Stable)
Echjay Forgings Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Enrich RD Infraprojects Private Limited Bank Facilities [ICRA]C+ / [ICRA]A4
Eros Minerock Products LLP Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Exotic Granite LLP Bank Facilities [ICRA]B (Stable) / [ICRA]A4
G.M. Pens International Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Giriraj Timber Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Global Metal & Energy Private Limited Bank Facilities [ICRA]D
GM Sugar & Energy Limited Bank Facilities [ICRA]A4
Gonglu Agro Private Limited Bank Facilities [ICRA]D / [ICRA]D
Harshita Polypack Bank Facilities [ICRA]D / [ICRA]D
Heath View Holiday Resorts Limited Bank Facilities [ICRA]B (Stable) / [ICRA]A4
Heurtey Petrochem India Private Limited Bank Facilities [ICRA]A4
Hill Stone Ceramic Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Hira Power & Steels Limited Bank Facilities [ICRA]BB+ (Stable) / [ICRA]A4+
Hydrobaths Ramco Marketing Private Limited Bank Facilities [ICRA]D / [ICRA]D
Indian Compressors Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Jain Vinimay Private Limited Bank Facilities [ICRA]B- (Stable) / [ICRA]A4
Jay Palghar Net Co. Bank Facilities [ICRA]B (Stable)
Jay Umiya Industries Bank Facilities [ICRA]B (Stable)
K.K. Proteins Private Limited Bank Facilities [ICRA]B+ (Stable)
Kamarli Steels Private Limited Bank Facilities [ICRA]D / [ICRA]D
Kanchan Auto Private Limited Bank Facilities [ICRA]B+ (Stable)
Kasturi Commodities Private Limited Bank Facilities [ICRA]D / [ICRA]D
Kcvr Infra Projects Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Kishan Gum Industries Bank Facilities [ICRA]B (Stable)
KLR Industries Ltd. Bank Facilities [ICRA]D / [ICRA]D
Kohinoor Education Trust Bank Facilities [ICRA]D / [ICRA]D
Krishna Gems Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
KSK Mahanadi Power Company Limited Bank Facilities [ICRA]D / [ICRA]D
KVR Projects Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Laxmi Balaji Industries Bank Facilities [ICRA]B+ (Stable)
Mad Studios Private Limited Bank Facilities [ICRA]D
Madhucon Sugar And Power Industries Limited Bank Facilities [ICRA]D
Mahesh Mercandise Private Limited Bank Facilities [ICRA]D / [ICRA]D
Maheshwari Coal Benefication & Infrastructure Private Limited Bank Facilities [ICRA]B (Stable) / [ICRA]A4
Maithan Ispat Limited Preference Shares [ICRA]D
Mangalam Pipes Pvt Ltd Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Manisha Construction Co. Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Master Blenders Private Limited Bank Facilities [ICRA]B (Stable) / [ICRA]A4
Mauli Fresh Agro Industries Private Limited Bank Facilities [ICRA]B+ (Stable)
Mini Hotels & Projects Bank Facilities [ICRA]D / [ICRA]D
Mula Agro Products Private Limited Bank Facilities [ICRA]B+ (Stable)
Mula Sahakari Sakhar Karkhana Limited Bank Facilities [ICRA]B- (Stable) / [ICRA]A4
N S Vaishno Devi Developers India Private Limited Bank Facilities [ICRA]B+ (Stable)
Naik Environmental Engineers Private Limited Bank Facilities [ICRA]B (Stable) / [ICRA]A4
Narula Tools International Bank Facilities [ICRA]B (Stable)
Neogem India Limited Bank Facilities [ICRA]D / [ICRA]D
Om Threads Limited Bank Facilities [ICRA]B+ (Stable)
Omkar Fabrics Private Limited Bank Facilities [ICRA]B (Stable) / [ICRA]A4
Ovis Equipments Private Limited Bank Facilities [ICRA]B+ (Stable)
Padmaja Farms Bank Facilities [ICRA]B+(Stable)
Pm Cars Pvt. Ltd. Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
PR Packing Service Bank Facilities [ICRA]D / [ICRA]D
Pragatej Builders & Developers Private Limited Bank Facilities [ICRA]D
Prasad Agrico Industries Private Limited Bank Facilities [ICRA]B+ (Stable)
Precimeasure Controls Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
PRG Buildcon India Pvt. Ltd. Bank Facilities [ICRA]D / [ICRA]D
Pushpak Bullions Pvt. Ltd. Bank Facilities [ICRA]D
Qi Network Enterprises Private Limited Bank Facilities [ICRA]B+(Stable) / [ICRA]A4
R R Gold Palace Pvt Ltd Bank Facilities [ICRA]B+ (Stable)
R.K. Steels Bank Facilities [ICRA]B+ (Stable)
Radhika Packaging Private Limited Bank Facilities [ICRA]D / [ICRA]D
Ramapriya Solar Energy Private Limited Bank Facilities [ICRA]B (Stable)
Rameshwar Cottex Bank Facilities [ICRA]D
Remedy Medical Services Pvt. Ltd. Bank Facilities [ICRA]B (Stable) / [ICRA]A4
Renite Vitrified LLP Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Rishabh Gold Jewels (India) Private Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
S&J Granulate Solutions (P) Ltd Non-convertible Debentures [ICRA]D
S.S. Enterprises Electricals Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Saanvi Clothing Pvt Ltd Bank Facilities [ICRA]B (Stable) / [ICRA]A4
Sahakar Shiromani Vasantrao Kale Sahakari Sakhar Karkhana Limited Bank Facilities [ICRA]D
Samet Plast Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Samruddha Resources Limited Bank Facilities [ICRA]D
Sandeep Rice Mills Bank Facilities [ICRA]B (Stable)
Sandor Lifesciences Private Limited Non convertible debenture [ICRA]D
Sant Deepak Education and Charitable Trust Bank Facilities [ICRA]D
Saratha Electro Plater Bank Facilities [ICRA]B (Stable) / [ICRA]A4
Sargam Metals Private Limited Bank Facilities [ICRA]D / [ICRA]D
Sarjan Infracon Pvt. Ltd. Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Saya Automobiles Limited Bank Facilities [ICRA]B+ (Stable)
Saya Automobiles Limited Issuer ratings [ICRA]B+ (Stable)
Segam Tiles Pvt. Ltd. Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Shantai Exim Limited Bank Facilities [ICRA]C / [ICRA]A4
Shiv Shakti Enterprise Bank Facilities [ICRA]D
Shiv Shakti Industries Bank Facilities [ICRA]B+ (Stable)
Shree Hans Rice and General Mills Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Shree Somnath Iron and Power Private Limited Bank Facilities [ICRA]B+ (Stable)
Shri Balaji Industries Bank Facilities [ICRA]B (Stable)
Shri Darshana Industries Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Shri Muniveer Spinning Mills Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Shri Siddhbali Agro Industries Bank Facilities [ICRA]B (Stable)
Sigma Chemicals Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Sitaram India Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Spice Islands Apparels Limited Bank Facilities [ICRA]A4
Sree Jeyasoundharam Textile Mills Private Limited Bank Facilities [ICRA]C / [ICRA]A4
Sri Kodandarama Boiled & Raw Rice Mill Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Sri Varun Aqua Enterprises Bank Facilities [ICRA]B+ (Stable)
Sri Venkateswara Aerospace (Private) Limited Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
SS Developers Bank Facilities [ICRA]B+ (Stable)
SS Indus Solar Energy Private Limited Bank Facilities [ICRA]B+ (Stable)
Suchirindia Infratech (P) Limited Issuer rating [ICRA]B+ (Stable)
Sudhakar Plastic Pvt. Ltd. Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Sunshine Edible Oils Bank Facilities [ICRA]B+ (Stable)
Surya Oil & Agro Industries Bank Facilities [ICRA]B+ (Stable)
Suvarna Lakshmi Jewellers Bank Facilities [ICRA]B+ (Stable)
Suyash Polymer Bank Facilities [ICRA]D / [ICRA]D
Symcom Communication Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Talwalkars Better Value Fitness Limited Non-convertible Debentures [ICRA]D
Thakar Dass & Co. Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Thermoset Poly Products (I) Pvt. Ltd. Bank Facilities [ICRA]D
Tirupathi Yarntex Spinners Private Limited Bank Facilities [ICRA]B- (Stable) / [ICRA]A4
Umiya Wood Works Pvt. Limited Bank Facilities [ICRA]BB (Stable) / [ICRA]A4+
Urvesh Psyllium Industries Ltd. Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Vardhaman Pressure Die Casting Bank Facilities [ICRA]B+ (Stable)
Varun Enterprises Bank Facilities [ICRA]B+ (Stable)
Vertex Techno Solutions Bangalore Pvt. Ltd. Bank Facilities [ICRA]B+ (Stable) / [ICRA]A4
Vipul Industries Private Limited Bank Facilities [ICRA]B+ (Stable)
Wave Beverages Private Limited Bank Facilities [ICRA]B+ (Stable)
Wires And Cables (India) Bank Facilities [ICRA]B+ (Stable)

RW Negative
Entity Instrument Previous Rtg Revised Rtg
Shree Ram Proteins Limited Bank Facilities [ICRA]A4 [ICRA]A4 Rating watch with Negative Implications