Is CRISIL a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that CRISIL Ltd is a good quality company .

Is CRISIL undervalued or overvalued?

The key valuation ratios of CRISIL Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is CRISIL share price return in the past 10 years?

CRISIL Ltd share price has appreciated 10.3% annually (CAGR) over the past ten years.

Is CRISIL a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of CRISIL Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

CRISIL Ltd - Stock Valuation and Financial Performance

Name: CRISIL
Brand: CRISIL

BSE: 500092 | NSE: CRISIL | Ratings | Small Cap

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CRISIL Share Price

₹5,188.65 -79.10 -1.50%
as on 14-Nov'24 16:59

10 Year X-Ray of CRISIL:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	TTM
ROCE % ⓘ	49.4%	47.6%	47.6%	42.7%	45.9%	42.5%	38%	43.4%	44.4%	43.8%	-
Value Creation Index ⓘ	2.7	2.5	2.5	2.2	2.4	2.2	1.8	2.9	3.0	2.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,253	1,380	1,548	1,658	1,748	1,732	1,982	2,301	2,769	3,140	3,265
Sales YoY Gr.	-	10.1%	12.1%	7.2%	5.4%	-1%	14.4%	16.1%	20.3%	13.4%	-
Adj EPS ⓘ	36.3	36.3	37.7	42.5	47.9	46.7	47.3	57.8	69.7	88.2	91.6
YoY Gr.	-	-0.2%	4%	12.7%	12.7%	-2.4%	1.3%	22.2%	20.7%	26.5%	-
BVPS (₹) ⓘ	118.9	120.2	129.4	136.9	148.2	152.9	173.1	210.3	240.6	295.3	330.7
Adj Net Profit ⓘ	259	258	269	305	345	338	343	421	510	645	669
Cash Flow from Ops. ⓘ	265	270	279	291	379	446	500	403	456	780	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.7%	12.4%	16.6%	13.4%
Adj EPS ⓘ	10.4%	13%	23.1%	26.5%
BVPSⓘ	10.6%	14.8%	19.5%	22.7%
Share Price	10.3%	28.5%	16.4%	23.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	TTM
Return on Equity % ⓘ	34	30.3	29.2	30	31.6	29.3	27.7	29.2	30.2	32.4	29.3
Op. Profit Mgn % ⓘ	31	29	28.7	28.4	27	26.4	25.8	26.5	26.4	28.1	27.7
Net Profit Mgn % ⓘ	20.7	18.7	17.4	18.4	19.7	19.5	17.3	18.3	18.4	20.5	20.5
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	75	82	89	100	228	363	347	226	129	131	109
Cash Conv. Cycle ⓘ	-3	27	31	32	34	25	20	37	56	57	56

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.57%

Net Profit is growing at healthy rate in last 3 years 23.08%

Return on Equity has declined versus last 3 years average to 29.20%

Sales growth is not so good in last 4 quarters at 7.13%

Latest Financials - CRISIL Ltd.

	Standalone	Consolidated
TTM EPS (₹)	87.6	91.6
TTM Sales (₹ Cr.)	1,662	3,265
BVPS (₹.) ⓘ	228.9	330.7
Reserves (₹ Cr.) ⓘ	1,666	2,411
P/BV ⓘ	22.81	15.78
PE ⓘ	59.58	57.02

From the Market
52 Week Low / High (₹)	3665.10 / 5612.05
All Time Low / High (₹)	9.50 / 5612.05
Market Cap (₹ Cr.)	38,174
Equity (₹ Cr.)	7.3
Face Value (₹)	1
Industry PE ⓘ	53.7

Management X-Ray of CRISIL:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of CRISIL

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of CRISIL

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Sales	1,253	1,380	1,548	1,658	1,748	1,732	1,982	2,301	2,769	3,140
Operating Expenses ⓘ	865	980	1,104	1,203	1,277	1,276	1,471	1,690	2,039	2,258
Manufacturing Costs	34	37	35	36	52	42	52	24	42	64
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	593	694	788	846	887	878	1,068	1,287	1,553	1,748
Other Costs ⓘ	238	249	282	321	338	356	351	380	444	446
Operating Profit ⓘ	388	400	443	455	471	456	511	611	730	882
Operating Profit Margin (%)	31.0%	29.0%	28.6%	27.5%	27.0%	26.3%	25.8%	26.5%	26.4%	28.1%
Other Income ⓘ	24	43	50	25	73	73	83	77	122	94
Interest ⓘ	0	0	0	0	2	0	14	9	6	4
Depreciation ⓘ	36	37	55	47	43	37	121	106	103	104
Exceptional Items ⓘ	0	0	0	0	0	0	0	46	0	0
Profit Before Tax ⓘ	376	406	438	434	500	492	458	618	742	868
Tax ⓘ	108	121	144	129	136	148	104	153	178	209
Profit After Tax	268	285	294	304	363	344	355	466	564	658
PAT Margin (%)	21.4%	20.7%	19.0%	18.4%	20.8%	19.9%	17.9%	20.2%	20.4%	21.0%
Adjusted EPS (₹)	37.6	40.0	41.3	42.5	50.4	47.6	48.9	63.9	77.2	90.1
Dividend Payout Ratio (%)	53%	57%	65%	66%	60%	67%	68%	72%	62%	60%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Equity and Liabilities
Shareholders Fund	848	856	923	981	1,069	1,105	1,257	1,533	1,759	2,159
Share Capital ⓘ	7	7	7	7	7	7	7	7	7	7
Reserves ⓘ	841	849	916	974	1,062	1,098	1,250	1,526	1,752	2,151
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	3	3	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	2	3	0	0	0	0
Trade Payables	39	35	43	57	65	75	105	134	142	143
Others Liabilities ⓘ	348	403	403	422	1,589	1,736	2,181	778	851	928
Total Liabilities ⓘ	1,235	1,295	1,368	1,460	2,725	2,920	3,544	2,445	2,752	3,229
Fixed Assets
Gross Block	616	608	361	393	497	527	1,172	1,150	1,198	1,146
Accumulated Depreciation	184	196	53	100	147	178	410	489	579	512
Net Fixed Assetsⓘ	432	413	309	293	350	349	763	661	619	635
CWIP ⓘ	0	3	4	13	7	12	14	5	14	31
Investmentsⓘ	375	383	465	525	477	453	476	645	683	1,056
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	141	196	207	260	285	199	307	541	759	690
Cash Equivalents	155	152	177	132	207	346	279	294	321	370
Others Assetsⓘ	133	149	205	236	1,399	1,561	1,705	298	355	448
Total Assets ⓘ	1,235	1,295	1,368	1,460	2,725	2,920	3,544	2,445	2,752	3,229

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Cash Flow From Operating Activity ⓘ	265	270	279	291	379	446	500	403	456	780
PBT ⓘ	376	406	438	434	500	492	458	618	742	868
Adjustment ⓘ	27	15	35	57	71	16	110	35	47	32
Changes in Working Capital ⓘ	-14	-20	-40	-32	-23	84	57	-54	-112	125
Tax Paid ⓘ	-125	-130	-154	-168	-169	-146	-125	-197	-220	-244
Cash Flow From Investing Activity ⓘ	-185	1	-25	-177	-72	-71	-323	-88	-62	-327
Capex	-20	-26	-21	-32	-32	-28	-34	27	-39	-59
Net Investments	-109	23	-6	-149	-55	-56	-44	-130	-26	-249
Others ⓘ	-56	3	3	5	15	13	-245	15	3	-18
Cash Flow From Financing Activityⓘ	-112	-262	-227	-187	-203	-229	-265	-291	-368	-408
Net Proceeds from Shares ⓘ	55	38	13	44	50	23	35	44	36	9
Net Proceeds from Borrowing ⓘ	0	0	0	0	-1	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	-1	0	0	0	-6	-4
Dividend Paid ⓘ	-167	-197	-200	-193	-209	-217	-232	-276	-343	-358
Others ⓘ	0	-102	-41	-38	-43	-35	-68	-58	-54	-55
Net Cash Flow ⓘ	-32	10	27	-73	103	146	-87	24	26	46

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Ratios
ROE (%)	35.25	33.47	33.1	31.98	35.42	31.64	30.03	33.39	34.29	33.61
ROCE (%)	49.39	47.61	47.63	42.68	45.88	42.52	38.02	43.41	44.43	43.77
Asset Turnover Ratio	1.06	1.09	1.16	1.17	0.84	0.61	0.61	0.77	1.07	1.05
PAT to CFO Conversion(x)	0.99	0.95	0.95	0.96	1.04	1.3	1.41	0.86	0.81	1.19
Working Capital Days
Receivable Days	38	45	48	51	57	51	47	67	86	84
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

CRISIL Ltd Stock News

CRISIL Ltd FAQs

What is the share price of CRISIL?

Company share prices are keep on changing according to the market conditions. The closing price of CRISIL on 14-Nov-2024 16:59 is ₹5,188.7.

What is the market cap of CRISIL?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 16:59 the market cap of CRISIL stood at ₹38,173.8.

What is the P/E ratio of CRISIL?

The latest P/E ratio of CRISIL as of 14-Nov-2024 16:59 is 59.58.

What is the P/B ratio of CRISIL?

The latest P/B ratio of CRISIL as of 14-Nov-2024 16:59 is 22.81.

What is the 52-week high and low of CRISIL?

The 52-week high of CRISIL is ₹5,612.1 and the 52-week low is ₹3,665.1.

What is the TTM revenue of CRISIL?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CRISIL is ₹1,662 ( Cr.) .

About CRISIL Ltd

CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets function better. The company is majority owned by S&P Global Inc., a leading provider of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide.

The company is India’s foremost provider of ratings, data, research, analytics, and solutions. A strong track record of growth, culture of innovation and global footprint sets it apart. The company has delivered independent opinions, actionable insights, and efficient solutions to lacks of customers. The company’s businesses operate from India, the United States (US), the United Kingdom (UK), Argentina, Poland, China, Hong Kong, Singapore, and the United Arab Emirates (UAE).

The company’s clients range from micro, small and medium companies to large corporates, investors, and top global financial institutions. It works with commercial and investment banks, insurance companies, private equity players and asset management companies globally. It also work with governments and policy makers in the infrastructure space in India and in other emerging markets.

Business area of the company

The company is engaged in providing credit ratings including bond ratings, bank loan ratings, SME ratings, other grading services. Also company provide Research services include Global Research & Analytics activities divided into financial research, risk & analytics and corporate research, and India research activities comprising economy & industry research, funds & fixed income research, and equity & company research.

The company’s business include:

Ratings
SME Solutions
India Research
Global Research & Analytics
CRISIL Coalition
Infrastructure Advisory
BI & Risk Management
Global Analytical Center

History and Milestone

1987: CRISIL, India's first credit rating agency, is incorporated on the 29th day of the month, promoted by the erstwhile ICICI Ltd along with UTI and other financial institutions. Mr. N Vaghul and Mr. Pradip Shah are CRISIL's first Chairman and Managing Director, respectively.
1988: CRISIL commences operations within a year of its incorporation on January 1. The business environment is far from promising for the one-year old - the lending rates are fixed, and India has no such thing as a corporate bond market as yet. As of now, credit rating is an idea that's far ahead of its times.
1990: CRISIL launches the ‘CRISILCARD Service’ to provide comprehensive information and analytical opinion on India's corporate entities
1991: Despite the odds, and the initial lack of market acceptance of credit ratings, CRISIL's operations are now well established. It begins to acquire brand identity, with a reputation for analytical rigour and independence.
1992: CRISIL offers technical assistance and training to help set up Rating Agency Malaysia Berhad, and MAALOT - the Israeli securities rating company.
1993: CRISIL's IPO is a whopping success - it's 20,00,000 shares, sold at a premium of Rs.40 per share, are oversubscribed by 2.47 times.
1994: Mr. R Ravimohan takes over as CRISIL's Managing Director on the first day of the month.
1995: In partnership with National Stock Exchange of India Ltd. (NSEIL), CRISIL develops and launches the CRISIL500 Equity Index, helping investors clue in on stock price movements.
1996: CRISIL forges a strategic business alliance with Standard & Poor's (S&P) Ratings Group. The tie-up is part of CRISIL's strategy to develop its skills and processes.
1997: S&P acquires a 9.68 % stake in CRISIL on May 8, 1997. The alliance with the world's leading rating agency adds a new dimension to CRISIL's methodologies. It provides CRISIL with exposure to the international rating markets and to S&P's rating processes.
1998: CRISIL sets up India Index Services Ltd (IISL), a joint venture with NSEIL, to provide a variety of indices and index -related services and products to India's capital markets.
1999: CRISIL's proprietary Risk Assessment Model (RAM) becomes the banking industry standard. Given the heightened regulatory focus on banks' risk management practices, RAM serves as a customised credit rating model for the banks.
2000: CRISIL acquires the business and brand INFAC of Information Products and Research Services (India) Pvt. Ltd. on March 15. INFAC is a leading provider of research to India's financial sector. The acquisition strengthens CRISIL's research business, and makes it India's leading provider of integrated research.
2000: CRISIL launches the CRISIL Composite Performance Ranking (CRISIL~CPR) to provide performance evaluation standards and investment decision support to mutual fund houses, distributors, and investors.
2001: CRISIL sets up subsidiary, Global Data Services of India Ltd. to standardise published financial data for analysis.
2001: CRISIL launches the CRISIL Young Thought Leader (CYTL) Award to attract outstanding talent and provide a platform to India's future business leaders to showcase their views.
2001: CRISIL launches Mutual Fund Awards in association with CNBC-TV18 - a benchmark award for India's best performing mutual funds.
2002: MarketWire - to provide real-time financial news services to help clients make pricing and investment related decisions.
2002: CRISIL sets up The Centre for Economic Research (CCER) to apply economic principles to live business situations.
2003: CRISIL sets up its investment and risk management services group to offer integrated risk management solutions and advice to banks and corporates.
2003: CRISIL follows it up with its first overseas acquisition - EconoMatters Ltd (later the Gas Strategies Group), a London-based company providing natural gas related consulting, information and training, and conference-organising services.
2004: CRISIL expands its global reach further with an equity investment in the world's first regional rating agency, the Caribbean Information and Credit Rating Services Limited (CariCRIS), which CRISIL also helps set up.
2004: The CRISIL Awards for Excellence in Municipal Initiatives are instituted to recognise outstanding programmes in urban development.
2005: The strategic alliance with S&P since 1996 culminates in S&P's acquiring majority control of CRISIL.
2005: CRISIL makes its second overseas acquisition of Irevna, thus adding equity research to its wide canvas of work. Irevna is a leading global equity research and analytics company.
2005: CRISIL launches Small and Medium Enterprise (SME) Ratings to serve the specialised needs of the SME sector.
2005: CRISIL partners CNBC-TV18 for Emerging India Awards - the first platform to recognise and reward the achievements of India's Small & Medium Enterprises.
2005: Irevna is ranked globally as the top Investment Research Outsourcing Firm by The Black Book of Outsourcing.
2006: CRISIL launches IPO grading services to provide investors with independent, reliable, and consistent assessments of the fundamental strengths of new public issues.
2007: The Pension Fund Regulatory and Development Authority awards CRISIL with a prestigious mandate to assist in the selection of Fund Managers under the New Pension Scheme.
2007: CRISIL assigns India's first Bank Loan Rating under the Reserve Bank of India's Basel-II related regulations.
2007: Roopa Kudva takes over as Managing Director and CEO of CRISIL, following Mr. Ravimohan's appointment as Managing Director and Region Head of S&P, South Asia.
2007: Black Book of Outsourcing ranks Irevna the No. 1 Financial Services Industry Analytics Outsourcing Firm.
2008: CRISIL launches Complexity Levels, an initiative to strengthen India's capital markets by providing greater transparency to investors.
2008: CRISIL's revenue crosses Rs.5 billion in 2008.
2009: SME Ratings group assigns its 5000th SME rating.
2009: Irevna is ranked globally by The Black Book of Outsourcing as the No. 1 Investment Research and Analytics Outsourcing Firm.
2009: CRISIL captures about half of India's bank loan rating market share.
2009: CRISIL Research launches Independent Equity Research (IER).
2010: CRISIL moves into a new, corporate head office - the new CRISIL House - at Powai, Mumbai. It is a state-of-the-art, green building.
2010: CRISIL SME Ratings crosses its 15,000th SME rating.
2010: CRISIL launches CRISIL Real Estate Star Ratings.
2011: CRISIL launches Education Grading, beginning with business schools.
2010: CRISIL acquires Pipal Research, further strengthening its leadership in the KPO industry.
2011: CRISIL Rating enhances access to funding for SMEs; announces 20,000th SME Rating.
2011: CRISIL Ratings launches Solar grading.
2011: CRISIL Research launches Gold and Gilt Index.
2011: CRISIL Global Research & Analytics receives NASSCOM Exemplary Talent Practices Award.
2012: CRISIL announces its 25,000th SME rating.
2012: CRISIL acquires UK-based Coalition, a company providing high-end analytics to global investment banks.
2012: CRISIL transforms the lives of 1000 rural citizens through 'Pragati', a series of financial awareness workshops.
2012: CRISIL launches 'Doing what is right: The CRISIL Story' - a book on the company's 25-year evolution, on December 19.
2012: CRISIL assigns its 10,000th bank loan rating.
2013: CRISIL launches CRISIL Inclusix, India's most comprehensive financial inclusion index which accurately measures the extent of financial inclusion in the country, right down to each of the 632 districts.
2013: CRISIL launches CRISIL Foundation, a platform for achieving its twin goals of increasing financial awareness and conservation of the environment.
2014: CRISIL rates India's first Commercial Mortgage Backed Securities.
2014: CRISIL signs an MoU with the Indian Institute of Management, Ahmedabad (IIM-A) to set up a 'CRISIL Chair of Financial Markets' at the institute.
2014: CRISIL introduces Fund Management Capability Ratings for the mutual fund.
2015: Ms. Ashu Suyash takes over as Managing Director and CEO of CRISIL on 1.6.2015.
2015: CRISIL RE launched - a programme focusing on environment conservation through employee volunteering.
2015: CRISIL rates an innovative partially guaranteed debenture issue of a passive infrastructure SPV backed by first-loss partial guarantee from IIFCL.
2016: CRISIL launches the first hybrid issuance ratings in the insurance sector.
2016: CRISIL Certified Analyst Program (CCAP) launches its 10th batch, in association with Narsee Monjee Institute of Management Studies (NMIMS) as the academic partner.
2016: CRISIL features in list of the top 100 Best companies in India for women by Avtar Group and Working Mother Publication.
2016: CRISIL Foundation launches the first edition of CRISIL CSR Year Book, an annual publication analysing corporate spends for CSR, trends in driving social impact, and compliance with Section 135 on CSR in the new Companies Act, 2013.
2016: CRISIL launches first Infrastructure Rating on the ‘Expected Loss’ scale.
2016: CRISIL Foundation is selected by the Reserve Bank of India to receive financial assistance under its Depositor Education & Awareness Fund Scheme.
2017: CRISIL celebrates its 30-year anniversary and continues to be driven by its mission of making markets function better.
2017: CRISIL GR&A launches SMART, an innovative financial research platform powered by cognitive automation that enables research analysts to emulate certain tasks and optimize decision making for many others.
2017: CRISIL launches smefirst, an online platform that allows SMEs easy access to ratings and other related services.
2017: CRISIL buys 8.9% stake in CARE Ratings.
2017: CRISIL launches India’s first infrastructure investability index
2017: Small Industries Development Bank of India (SIDBI) and CRISIL sign MoU to launch India’s first MSME Sentiment index named CriSidEx
2017: CRISIL enters into a definitive agreement to acquire 100% stake in Pragmatix Services Private Limited, a data analytics company
2017: CRISIL launched rankings for unit linked insurance plans (ULIPs)
2017: CRISIL Ratings was awarded the best credit rating agency at the ‘Capital Market Intermediaries Excellence Awards 2016-17’ by ASSOCHAM, in association with SEBI’s National Institute of Securities Markets (NISM)
2017: For the second time in a row, CRISIL featured in list of the top 100 Best companies in India for women
2018: CRISIL launched India's first index to benchmark performance of investments of foreign portfolio investors (FPI) in the fixed-income market, in both rupee and dollar versions
2018: Honourable Finance minister Shri Arun Jaitley today launched CriSidEx, India’s first sentiment index for micro and small enterprises (MSEs) developed jointly by CRISIL and SIDBI.
2018: CRISIL has announced the launch of WE-Check, a digital verification and assessment service dedicated to women entrepreneurs, in association with NITI Aayog.
2018: In the past decade through fiscal 2018, India’s mutual fund industry has been growing at twice the pace of its global peers.
2018: For the third time in a row, CRISIL featured in list of the top 100 Best companies in India for women
2018: CRISIL has been awarded the National CSR Award 2018 in the category ‘CSR in Challenging Circumstances, North East’ for its flagship project Mein Pragati Assam. The award was conferred by the President of India, Ramnath Kovind.
2018: CRISIL has featured on the list of Working Mother Magazine and AVTAR 100 Best Companies for Women in India for the fourth consecutive year. Ms. Subha Barry, President, Working Mother Media and Dr. Saundarya Rajesh, Founder & President, Avtar Group presented the award to Amita Abichandani, Associate Director, CRISIL Foundation at the awards ceremony.
2020: CRISIL has completed the acquisition of 100% stake in Greenwich Associates LLC, a leading provider of proprietary benchmarking data, analytics and qualitative, at a consideration of $40 million.