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.[3]

CRISIL Limited
TypePublic company
HeadquartersMumbai, Maharashtra, India
Key people
Ashu Suyash
(MD & CEO)
Sanjay Chakravarti
ServicesRatings, data, research, analytics and solutions
RevenueIncrease 20,763 million (US$290 million) (December 2020)[2]
Increase 3,547 million (US$50 million) (December 2020)[2]
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.[4][5]

As of December 2020, the company has revenue of 20,763 million (US$290 million), net income of 3,547 million (US$50 million)


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.[6]

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).[7] 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.[6] 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.[8]


  1. ^ "CRISIL – History". Retrieved 20 November 2013.
  2. ^ a b "December 2020 results". CRISIL Ltd. Retrieved 31 December 2020.
  3. ^ "CRISIL – Overview". Archived from the original on 28 October 2010. Retrieved 20 November 2013.
  4. ^ 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.
  5. ^ "About CRISIL". Archived from the original on 28 October 2010. Retrieved 20 November 2013.
  6. ^ a b "MSMEs get a boost: Jaitley launches India's first sentiment index CriSidEx". Business Standard. 4 February 2018.
  7. ^ Komal Gupta (3 February 2018). "Jaitley launches CriSidEx, says economy witnessing a phase of consolidation". LiveMint.
  8. ^ "Crisil completes acquisition of Greenwich Associates". The Economic Times. 26 February 2020. Retrieved 28 February 2020.