CRISIL Ltd
NSE: CRISIL BSE: 500092
₹4751.10
-26.10 (0.55%)
Thu, 29 Oct 2026, 02:00 am
Market Cap (in Cr)34722.86
PE Ratio38.79
Dividend1.33
Technology Services
Internet Software/Services
24.5KCRISIL Ltd Company History
1987
- Incorporated on January 29 as public limited company promoted by ICICI, UTI, HDFC, and banks.
- Obtained Certificate of Commencement of Business on March 3.
- Created centres of excellence for financial, infrastructure, and manufacturing sectors.
1989
- First rating agency to rate commercial papers.
1991
- Provided technical assistance and training to RAM (Malaysia) and MAALOT (Israel).
1992
- Allotted 42 million equity shares to promoters.
- First to rate debt instruments of financial institutions/banks and asset-backed securities.
1993
- Launched Ratings Digest, Bancard, and Crisilview.
- Issued 20 million new equity shares at premium; 16.5 million offered to public.
1994
- Opened regional offices in Hyderabad, Chandigarh, and Pune.
- Launched rating services for real estate developers.
- Conducted credit assessments for state governments and electricity boards.
- Launched Ecoscan software and Crisilview.
1996
- Developed and launched municipal bond ratings and methodologies for public bodies.
- S&P signed agreement with ADB to acquire 9.6% stake in CRISIL.
1997
- Introduced Criservice, earnings forecast product, Crisil MNC Index, Crisil Indian Business Group Index, real-time equity indices, and bond valuation service.
- Entered joint venture with NSE and S&P for index business.
- Tied up with BSE for Crisil-500 index.
- S&P acquired 9.6% stake.
1998
- Formed 50:50 joint venture India Index Services and Products Ltd. (IISL) with NSE.
1999
- Decided not to publicize private placement debt ratings.
- Developed software for valuation of non-traded debt securities.
- Entered agreement with NAREDCO to rate real estate projects.
2000
- Board approved formation of subsidiary Crisil.com Ltd.
- Launched website for investment information.
- Introduced 'not meaningful' (Nm) rating category.
- Launched EcoPlus economic data tool.
- Launched mutual fund indices: Crisil Fund-eX, Fund-dX, Fund-bX.
2001
- Entered alliance with Teauction.com for e-commerce rating services.
2002
- Started rating services for healthcare companies.
- Tied up with Getit Infomediary Ltd. for TrustMe certification services.
- Board approved allotment of 65,000 shares to employees and directors.
- Mr. R. Ravimohan resigned as MD.
- Crisil Infrastructure Advisory undertook integrated infrastructure projects.
2003
- Allotted equity shares under ESOP scheme.
- Changed name to CRISIL Limited, effective December 15.
- Launched CRISIL Awards for excellence in Municipal Initiatives.
- Acquired London-based global gas advisory firm.
2004
- Appointed Mr. H. N. Sinor as Additional Director.
- Made strategic equity investment in NCDEX.
- Made strategic equity investment in Caribbean Information and Credit Rating Agency Ltd.
- Introduced net rating system for public floats.
2005
- S&P acquired shares via open offer, increasing holding to 58.46%.
- Board approved acquisition of Irevna group.
2006
- Appointed Mr. Michael Petit as Alternate Director.
- Constituted team for greater integration with Standard & Poor's.
- Transferred assets and staff of CRISIL MarketWire to TV18.
- Irevna ranked top investment research outsourcing firm and set up second delivery centre in Buenos Aires.
- Signed inter-company agreements with S&P; branded as Standard & Poor's Company.
2007
- Transferred advisory business to 100% subsidiary CRISIL Risk and Infrastructure Solutions Limited.
- Merged subsidiaries CRIS Research & Information Services, Global Data Services of India, CRISIL Properties, and Irevna Research Services into CRISIL.
- Appointed Ms. Roopa Kudva as Managing Director & CEO.
2008
- Sold shareholding in Gas Strategies Group Ltd.
- Launched formal sustainable development programme for Corporate Social Responsibility.
- Launched CRISIL Complexity Levels Service.
2009
- Introduced 'P4+' rating in short-term rating scale.
2010
- Launched project-specific real estate ratings.
- Shifted registered office to CRISIL House, Powai, Mumbai.
2011
- Appointed Gabriel David as Global Head of Business Development and Marketing.
- Subdivided equity shares from Rs. 10 to Re. 1 per share.
- Appointed Mr. Douglas L. Peterson as Additional Director and Chairman.
2012
- Allotted shares under Employees Stock Option Scheme.
- Appointed Mr. Yann Le Pallec as Additional Director.
- Appointed Mr. Ravinder Singhania as Alternate Director.
2013
- Voluntary open offer for acquisition of equity shares.
- McGraw Hill Financial increased stake to 67.8%.
- Agreed to sell equity stake in IISL to NSE Strategic Investment Corp.
2015
- Approved investments in strategic financial technology companies.
- Approved amalgamation of three wholly owned subsidiaries with CRISIL.
2017
- CRISIL Foundation launched 20 financial literacy centres.
- Launched India’s first infrastructure investability index.
- Acquired 8.9% stake in CARE Ratings.
2018
- Acquired 100% equity share capital of Pragmatix Services Pvt. Ltd., making it a wholly owned subsidiary.
- Launched CriSidEx, India’s first sentiment index for micro and small enterprises, jointly with SIDBI.
- Awarded National CSR Award 2018 for Mein Pragati Assam project.
2019
- Agreed to acquire Greenwich Associates LLC and subsidiaries for USD 40 million.
2020
- Updated on Scheme of Arrangement with wholly owned subsidiary CRISIL Ratings Limited.
2022
- Won global RiskTech award for model validation.
2024
- Board approved merger of Bridge to India Energy Private Limited with CRISIL Limited.
