CRISIL (formerly Credit Rating Information Services of India Limited) is an Indian analytical company providing ratings, research, and risk and policy advisory services and is a subsidiary of American company S&P Global.[4]

CRISIL Limited
TypePublic company
HeadquartersMumbai, Maharashtra, India
Key people
Amish Mehta
(MD & CEO)[2]
Sanjay Chakravarti
ServicesRatings, data, research, analytics and solutions
RevenueIncrease 2,076.3 crore (US$260 million) (December 2020)[3]
Increase 354.7 crore (US$44 million) (December 2020)[3]
ParentS&P Global

CRISIL, was the first credit rating agency in India, introduced in 1988 by the ICICI and UTI jointly with share capital coming from SBI, LIC and United India Insurance Company. In April 2005, US based credit rating agency S&P acquired the majority shares of company.[5][6]

As of December 2020, the company has revenue of 20,763 million (US$260 million), net income of 3,547 million (US$44 million). Crisil is also India's largest ratings company and as of March 2022, has market cap of ₹23,429 crore rupees.[7]


The Late Ex-Union Minister for Finance and Corporate Affairs Shri Arun Jaitley launched CriSidEx, India’s first sentiment index for micro and small enterprises (MSEs) developed jointly by CRISIL and SIDBI.[8]

CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative) to 200 (extremely positive).[9] CriSidEx will have two indices, one for the 'survey quarter' and another for 'next quarter' once a trend emerges after few rounds of the survey, providing independent time series data.[8] The parametric feedback was captured through a survey of 1100 MSEs in November –December.

In February 2020, Crisil completed the acquisition of Greenwich Associates LLC, a provider of proprietary benchmarking data, analytics, and qualitative insights to financial services firms.[10]


  1. ^ "CRISIL – History". Retrieved 20 November 2013.
  2. ^ "Amish Mehta is new Crisil CEO". Times of India. Retrieved 1 October 2021.
  3. ^ a b "December 2020 results". CRISIL Ltd. Retrieved 31 December 2020.
  4. ^ "CRISIL – Overview". Archived from the original on 28 October 2010. Retrieved 20 November 2013.
  5. ^ Singh, Ramesh (2017). Indian economy for civil services, Universities and other examinations (11th ed.). McGraw Hill Education (India) Private Limited. p. 12.26–12.27. ISBN 978-93-5316-636-6.
  6. ^ "About CRISIL". Archived from the original on 28 October 2010. Retrieved 20 November 2013.
  7. ^ "CRISIL Ltd financial results and price chart - Screener". Retrieved 28 March 2022.
  8. ^ a b "MSMEs get a boost: Jaitley launches India's first sentiment index CriSidEx". Business Standard. 4 February 2018.
  9. ^ Komal Gupta (3 February 2018). "Jaitley launches CriSidEx, says economy witnessing a phase of consolidation". LiveMint.
  10. ^ "Crisil completes acquisition of Greenwich Associates". The Economic Times. 26 February 2020. Retrieved 28 February 2020.