CRISIL Limited
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BSE Code:
500092
NSE Code:
CRISIL
Business Profile
Business Profile
CRISIL (CRISIL) and its subsidiaries are involved in rating, research, and advisory policy, regulatory and transaction advisory services. Incorporated on Jan. 29, 1987, Standard & Poor now has a majority shareholding in CRISIL. The chairman of the company is B.V. Bhargava and Roopa Kudva, the managing director and chief executive officer.
The company is the only ratings agency in India to operate on the basis of sectoral specialization. Partnering Standard & Poor, CRISIL provides independent credit ratings, indices, risk evaluation, investment research, data and valuations, anticipates new market challenges and introduces value-added ratings methodologies.
CRISIL Research is India`s largest independent integrated research house providing research, analysis and forecasts on the Indian economy, industries and companies to over 500 Indian and international clients across financial, corporate, consulting and public sectors. CRISIL has recently added equity research by acquiring Irevna, a leading global equity research and analytics company. The company now provides high-end customized equity research and analytics, and knowledge process outsourcing to the world`s leading financial institutions, investment banks, private equity firms and consulting companies.
CRISIL has transferred its advisory business (CRISIL Infrastructure Advisory and CRISIL Investment & Risk Management Services) into a 100% subsidiary CRISIL Risk and Infrastructure Solutions. The infrastructure advisory enhances CRISIL`s franchise in the areas of policy-making and economic development. CRISIL has acquired UK`s leading gas advisory and information company, Gas Strategies Group and its subsidiary companies and provides services through CRISIL FundServices, GasStrategiesOnline, Alphatania, Gas Matters and GasMattersOnline. In 2006, the company launched IPO gradings, broker ratings, SME ratings etc.
The registered office of the company is at CRISIL House, 121/122, Andheri Kurla Road, Andheri (East), Mumbai-400093.
Financials
CRISIL registered a 40.40% growth in net profits to Rs 113.37 million for the quarter ended June 2007 from a profit of Rs 80.75 million for the quarter ended June 2006Total income dipped 83.32% to Rs 60.14 million, from Rs 360.59 million for the quarter ended June 2006.The earnings per share (EPS) of the company stood at Rs 15.73 in the quarter ended June 2007 .
Recent Developments
13-FEB-08
CRISIL has partnered with Equifax Inc and Tata Capital, to set up a credit information bureau in India and has sought regulatory permission.
12-DEC-07
CRISIL stepped into a memorandum of understanding with United Bank of India to rate the bank`s client exposures under the standardised approach of Reserve Bank of India`s New Capital Adequacy Framework for Basel-II.