ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency.

Currently, ICRA and its subsidiaries together form the ICRA Group of Companies (Group ICRA). ICRA is a Public Limited Company, with its shares listed on the Bombay Stock Exchange and the National Stock Exchange.

Alliance with Moody’s Investors Service

The ultimate parent company of international Credit Rating Agency Moody’s Investors Service is the indirect largest shareholder of ICRA. The participation of Moody’s is supported by a Technical Services Agreement, which entails Moody’s providing certain technical services to ICRA. Specifically, the agreement is aimed at benefiting ICRA’s in-house research capabilities by providing ICRA with access to Moody’s global research base. Under the agreement Moody’s provides enrichment programs to ICRA employees, including access to the financial markets and related courses that are offered as part of the eLearning software licensed by Moody’s from Intuition, and provision of financial writing training seminars to designated ICRA employees.

Shareholding Pattern