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1980's
January, 1987
CRISIL is incorporated
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.
1987
January, 1988
CRISIL commences operations
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.
1988
1990's
1990
CRISIL launches CRISILCARD
CRISIL launches the ‘CRISILCARD Service’ to provide comprehensive information and analytical opinion on India's corporate entities
1990
1991
CRISIL establishes its business
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.
1991
July, 1992
CRISIL helps Rating Agency Malaysia Berhad
CRISIL offers technical assistance and training to help set up Rating Agency Malaysia Berhad, and MAALOT - the Israeli securities rating company.
1992
November, 1993
CRISIL goes public
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.
1993
October, 1994
R Ravimohan is appointed as CRISIL's Managing Director
Mr. R Ravimohan takes over as CRISIL's Managing Director on the first day of the month.
1994
December, 1995
CRISIL500 Equity Index is launched
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.
1994
February, 1996
Business alliance with S&P
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.
1995
May, 1997
S&P acquires 9.68 % stake in CRISIL
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.
1996
August, 1998
CRISIL sets up IISL
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.
1997
1999
RAM becomes banking industry standard
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.
1998
October, 1994
CRISIL diversifies its portfolio
CRISIL diversifies business portfolio with a strategic entry into advisory services, and wins its first major mandate in the infrastructure policy advisory domain.
1999
2000's
March, 2000
CRISIL acquires INFAC
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
June, 2000
CRISIL Composite Performance Ranking launched
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.
2000
2001
Global Data Services set up
CRISIL sets up subsidiary, Global Data Services of India Ltd. to standardise published financial data for analysis.
2001
2001
CYTL is launched
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
2001
CRISIL launches Mutual Fund Awards
CRISIL launches Mutual Fund Awards in association with CNBC-TV18 - a benchmark award for India's best performing mutual funds.
2001
February, 2002
CRISIL MarketWire is launched
MarketWire - to provide real-time financial news services to help clients make pricing and investment related decisions.
2002
April, 2002
CCER is set up
CRISIL sets up The Centre for Economic Research (CCER) to apply economic principles to live business situations.
2002
2003
Integrated risk management solutions by CRISIL
CRISIL sets up its investment and risk management services group to offer integrated risk management solutions and advice to banks and corporates.
2003
2003
CRISIL acquires EconoMatters
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.
2003
2004
CRISIL invests in CariCRIS
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
2004
Municipal excellence awards
The CRISIL Awards for Excellence in Municipal Initiatives are instituted to recognise outstanding programmes in urban development.
2004
2005
S&P acquires majority stake in CRISIL
The strategic alliance with S&P since 1996 culminates in S&P's acquiring majority control of CRISIL.
2005
May, 2005
CRISIL acquired Irevna
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
May, 2005
CRISIL SME Ratings is launched
CRISIL launches Small and Medium Enterprise (SME) Ratings to serve the specialised needs of the SME sector.
2005
May, 2005
CRISIL partners Emerging India Awards
CRISIL partners CNBC-TV18 for Emerging India Awards - the first platform to recognise and reward the achievements of India's Small & Medium Enterprises.
2005
2006
Irevna is ranked top investment research outsourcing firm
Irevna is ranked globally as the top Investment Research Outsourcing Firm by The Black Book of Outsourcing.
2006
2006
CRISIL launches IPO gradings
CRISIL launches IPO grading services to provide investors with independent, reliable, and consistent assessments of the fundamental strengths of new public issues.
2006
February, 2007
CRISIL wins PFRDA mandate
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
June, 2007
CRISIL assigns first BLR
CRISIL assigns India's first Bank Loan Rating under the Reserve Bank of India's Basel-II related regulations.
2007
July, 2007
Roopa Kudva takes over as MD & CEO
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
July, 2007
Irevna tops analytics outsourcing firms
Black Book of Outsourcing ranks Irevna the No. 1 Financial Services Industry Analytics Outsourcing Firm.
2007
March, 2008
CRISIL Complexity Levels is launched
CRISIL launches Complexity Levels, an initiative to strengthen India's capital markets by providing greater transparency to investors.
2007
July, 2007
Real Estate Awards is launched
CRISIL launches Real Estate Awards with CNBC AWAAZ. The award honours India's exemplary developers and builders.
2008
2009
5000 SME rating assigned by CRISIL
SME Ratings group assigns its 5000th SME rating.
2008
March, 2008
CRISIL’s revenue crosses Rs. 5 bn
CRISIL's revenue crosses Rs.5 billion in 2008.
2009
2009
Irevna tops yet again
Irevna is ranked globally by The Black Book of Outsourcing as the No. 1 Investment Research and Analytics Outsourcing Firm.
2009
2009
CRISIL captured half of BLR market
CRISIL captures about half of India's bank loan rating market share.
2009
2009
CRISIL IER
is launched
CRISIL Research launches Independent Equity Research (IER).
2009
2010's
March, 2010
CRISIL moves to
new HO
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
March, 2010
CRISIL assigns 15,000 SME ratings
CRISIL SME Ratings crosses its 15,000th SME rating.
2010
August, 2010
CREST is launched
CRISIL launches CRISIL Real Estate Star Ratings.
2010
January, 2011
CRISIL Education Gradings is launched
CRISIL launches Education Grading, beginning with business schools.
2010
August, 2010
CRISIL acquires Pipal
CRISIL acquires Pipal Research, further strengthening its leadership in the KPO industry.
2011
April, 2011
CRISIL rates 20,000 SMEs
CRISIL Rating enhances access to funding for SMEs; announces 20,000th SME Rating.
2011
April, 2011
CRISIL Solar Gradings is launced
CRISIL Ratings launches Solar grading.
2011
April, 2011
Gold and Gilt Index is launched
CRISIL Research launches Gold and Gilt Index.
2011
April,2011
GR&A wins NASSCOM award
CRISIL Global Research & Analytics receives NASSCOM Exemplary Talent Practices Award.
2011
February, 2012
25,000th SME rating assigned
CRISIL announces its 25,000th SME rating.
2012
June, 2012
CRISIL acquires Coalition
CRISIL acquires UK-based Coalition, a company providing high-end analytics to global investment banks.
2012
March, 2012
CRISIL launches Pragati series
CRISIL transforms the lives of 1000 rural citizens through 'Pragati', a series of financial awareness workshops.
2012
December, 2012
CRISIL story book is launched
CRISIL launches 'Doing what is right: The CRISIL Story' - a book on the company's 25-year evolution, on December 19.
2012
July, 2012
10,000th BLR assigned
CRISIL assigns its 10,000th bank loan rating.
2012
2013
CRISIL Inclusix is launched
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
2013
CRISIL Foundation is launched
CRISIL launches CRISIL Foundation, a platform for achieving its twin goals of increasing financial awareness and conservation of the environment.
2013
2014
CRISIL rates first commercial mortgage backed security
CRISIL rates India's first Commercial Mortgage Backed Securities.
2013
2013
CRISIL State of the Nation report released
CRISIL releases its first 'State of the Nation' report, a unique top-down-meets-bottom-up analysis that offers a holistic perspective on the economic state of India.
2014
2014
CRISIL Chair of Financial Markets' instituted at IIM A
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
2014
Fund Management ratings launched
CRISIL introduces Fund Management Capability Ratings for the mutual fund.
2014
June, 2015
Ms. Ashu Suyash is appointed CRISIL’s MD & CEO
Ms. Ashu Suyash takes over as Managing Director and CEO of CRISIL on 1.6.2015.
2015
February, 2015
CRISIL RE is launched
CRISIL RE launched - a programme focusing on environment conservation through employee volunteering.
2015
2015
CRISIL rates partially guaranteed debenture
CRISILrates an innovative partially guaranteed debenture issue of a passiveinfrastructure SPV backed by first-loss partial guarantee from IIFCL.
2015
2016
CRISIL launches the first hybrid issuance ratings
CRISIL launches the first hybrid issuance ratings in the insurance sector.
2016
2016
10th batch of CCAP launched
CRISIL Certified Analyst Program(CCAP) launches its 10th batch, in association with Narsee MonjeeInstitute of Management Studies (NMIMS) as the academic partner.
2016
2016
CRISILfeatures inlist of the top100 Best companies in India for women
CRISILfeatures inlist of the top100 Best companies in India for women by Avtar Group and Working MotherPublication.
2016
2016
CRISIL launches of CSR Year Book
CRISILFoundation launchesthe first edition of CRISIL CSR Year Book, an annual publication analysingcorporate spends for CSR, trends in driving social impact, and compliance withSection 135 on CSR in the new Companies Act, 2013.
2016
2016
CRISIL launches first Infrastructure Rating
CRISIL launches first Infrastructure Rating on the ‘Expected Loss’ scale.
2016
2016
CRISIL Foundation selected for RBI scheme
CRISIL Foundation is selected by the Reserve Bank of India to receive financial assistance under its Depositor Education & Awareness Fund Scheme.
2016
2017
CRISIL completes 30 years
CRISIL celebrates its 30-year anniversary and continues to be driven by its mission of making markets function better.
2017
2017
CRISIL launches SMART
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
2017
CRISIL launches smefirst
CRISIL launches smefirst, an online platform that allows SMEs easy access to ratings and other related services.
2017
2017
CRISIL buys stake in CARE
CRISIL buys 8.9% stake in CARE Ratings.
2017
2017
SIDBI & CRISIL sign MoU to launch CriSidEx
Small Industries Development Bank of India (SIDBI) and CRISIL sign MoU to launch India’s first MSME Sentiment index named CriSidEx
2017
2017
CRISIL to acquire Pragmatix
CRISIL enters into a definitive agreement to acquire 100% stake in Pragmatix Services Private Limited, a data analytics company
2017
2017
CRISIL launches ULIP rankings
CRISIL launched rankings for unit linked insurance plans (ULIPs)
2017
2017
CRISIL Ratings wins award for best CRA
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
2017
For the second time in a row, CRISIL featured in list of the top 100 Best companies in India for women
2017
2018
CRISIL launches FPI index
CRISIL launched India's first index to benchmark performance ofinvestments of foreign portfolio investors (FPI) in the fixed-income market, inboth rupee and dollar versions
2018
2018
CRISIL, SIDBI launch India’s first MSE sentiment index
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
2018
CRISIL launches WE-Check for women entrepreneurs
CRISIL has announced the launch of WE-Check, a digital verification and assessment service dedicated to women entrepreneurs, in association with NITI Aayog.
2018
2018
Digital evolution: AMFI-CRISIL Mutual Fund Factbook
In the past decade through fiscal 2018, India’s mutual fund industry has been growing at twice the pace of its global peers.
2018
2018
For the third time in a row, CRISIL featured in list of the top 100 Best companies in India for women
2018
October, 2019
CRISIL Foundation bags National CSR Award
CRISIL has been awarded the National CSR Award 2018 in the category ‘CSR in Challenging Circ*mstances, North East’ for its flagship project Mein Pragati Assam. The award was conferred by the President of India, Ramnath Kovind.
2019
2019
For the fourth time in a row, CRISIL featured in list of the top 100 Best companies in India for women
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.
2019
April, 2019
CRISIL launches first series of broad-based debt indices
CRISIL Research, India’s largest independent and integrated research house, today announced the launch of nine indices – four in the broad government securities (G-sec or gilt) segment and five in the money market segment.
2019
December, 2019
CRISIL to acquire Greenwich Associates LLC
2019
2020's
February, 2020
CRISIL completes Greenwich acquisition
CRISIL has completed the acquisition of 100% stake in Greenwich Associates LLC (‘Greenwich’) today. The transaction was announced on December 19, 2019.
2020
October, 2020
CRISIL launches India’s first AIF benchmark indices
CRISIL Research, India’s largest independent and integrated research house, today announced the launch of benchmark indices for the domestic alternative investment fund (AIF) industry.
2020
December, 2020
CRISIL completes SEBI-mandated segregation of ratings
Pursuant to amendments to the Securities and Exchange Board of India (SEBI) Credit Ratings Agencies (CRA) Regulations, 1999, mandating segregation of the ratings and non-ratings businesses of credit rating agencies, CRISIL Ltd today completed the transfer of its ratings business to wholly owned subsidiary CRISIL Ratings Limited.
2020
February, 2021
CRISIL wins Risk Markets Technology 2021 award
CRISIL, an S&P Global company, has won the prestigious Risk Markets Technology 2021 Award for best modelling innovation, for its Scenario Expansion Manager (SEM) platform for stress-testing. The platform provides a path-breaking, cost-effective solution to automate the stress-testing activities of financial institutions.
2021
April, 2021
NISM, CRISIL launch certification for wealth managers
The National Institute of Securities Market (NISM), in collaboration with CRISIL, today launched a comprehensive certification programme in wealth management.
2021
April, 2021
CRISIL bags the IWEI Top Employers 2020
2021
September, 2021
Amish Mehta is appointed CRISIL’s MD & CEO
Amish Mehta takes over as Managing Director and CEO of CRISIL on 30.9.2021.
2021
April, 2023
The Economic Times recognises CRISIL Limited as one of the Best Organisations for Women 2023
2023
- 1980's
- 1990's
- 2000's
- 2010's
- 2020's