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Finance

Credit Rating and Research in Mumbai

Rating, research and analytics houses.

Credit Rating and Research in Mumbai

Mumbai is India's financial capital in a literal sense: the central bank, the market regulator, both national stock exchanges, the largest banks and insurers and most of the asset management industry all sit within a few kilometres of each other, between Dalal Street, Nariman Point and Bandra Kurla Complex.

Named companies

Named companies

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8companies

CRISIL Limited

Lower Parel

Credit rating agency

CRISIL, set up in 1987 as India’s first credit rating agency, is majority-owned by S&P Global and run from CRISIL House in Hiranandani Business Park, Powai; it is listed on the exchanges.

ICRA Limited

Lower Parel

Credit rating agency

ICRA, set up in 1991 and majority-owned by Moody’s, is the second of the big Indian rating agencies, headquartered in Gurugram with its large Mumbai office at Electric Mansion, Prabhadevi.

CareEdge Ratings

Lower Parel

Credit rating agency

CARE Ratings, now CareEdge, was set up in 1993 and is the only large Indian rating agency not controlled by a foreign parent; its head office is Godrej Coliseum at Sion, and it is listed on the exchanges.

Credit rating agency

Acuité Ratings & Research, the former SMERA set up in 2005 by SIDBI and the banks to rate small enterprises, is a SEBI-registered rating agency headquartered at Lodha Supremus, Kanjurmarg East.

Morningstar India

Bandra Kurla Complex

Fund and equity research

Morningstar India, the Indian arm of the Chicago fund-research company, is headquartered in Navi Mumbai and rates and researches mutual funds and equities for Indian investors and advisers.

Credit Rating and Research across the city

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