A new proposed credit rating agency for India, built on analytical rigour, independence, and AI-powered intelligence.
Our Vision Meet the TeamEmpowering India's credit ecosystem through transparency, data intelligence, and integrity.
Strict separation of rating and commercial teams. Ratings driven by rigour, never by issuer relationships or fee pressure. The cornerstone of our market credibility.
Machine learning credit models, real-time surveillance and NLP-driven qualitative analysis, all built to make our analysts more productive.
Several structural tailwinds are working in favour of a quality-focused new entrant.
Compliance is foundational to our credibility.
Majority independent directors comprising ex-regulators, senior bankers and rating professionals, for objective oversight.
Strict structural separation between rating and business development teams. No analyst incentivised by fee or issuance outcome.
Full public disclosure of rating criteria and methodologies, with timely, well-articulated communication on all rating actions.
Compliance audit and transparency report in line with SEBI CRA Regulations, 1999 and the Master Circular (updated July 2025).
Governance practices aligned with the IOSCO CRA Code, building confidence among foreign investors.
Model cards, backtesting reports, drift detection and challenger models maintained continuously.
How our approach maps to the regulator's objectives.
| SEBI Objective | Our Alignment |
|---|---|
| Market Transparency | Full disclosure of criteria, methodology and market communication. Ratings disseminated promptly and clearly. |
| Investor Protection | Bias-free, independent, objective ratings with structural separation of rating and commercial teams. |
| Innovation & Modernisation | AI-integrated monitoring tools with real-time, event-triggered surveillance in addition to periodic reviews. |
| Market Deepening | Inclusive SME, mid-market and ESG coverage. Working with all stakeholders to develop India's bond market. |
A market dominated by global affiliates, with room for a quality independent voice.
Supporting India's Viksit Bharat 2047 vision for financial inclusion.
Credible, rigorous ratings reduce information asymmetry. Transparent ratings lower the risk premium demanded by investors, reducing borrowing costs for issuers.
By covering SMEs, mid-market companies and ESG instruments, we support India's bond market deepening ambition.
Data-backed, independently verified ratings improve pricing efficiency and give domestic and foreign investors greater conviction.
Creditworthy SMEs and mid-size companies need access to formal capital markets. Quality credit ratings are the gateway to that access.
80+ man-years of credit rating experience across the core team, covering credit expertise, regulatory fluency, industry best practices and deep market relationships.
Former Head, Corporate & Government Ratings, CRISIL. Former Sr. Director, CARE Ratings.
Former CEO & CRO, CARE Ratings. Former CRO, Infomerics. Alumnus IIT (KGP), IIM (A).
Former ED & Company Secretary, CARE Ratings. HR & compliance professional.
