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What is the full form of CRISIL?

Full form of CRISIL: Here, we are going to learn about the CRISIL, full form of CRISIL, overview, etc. By Anushree Goswami Last updated : April 4, 2024

CRISIL: Credit Rating Information Services of India Limited

CRISIL is an abbreviation of Credit Rating Information Services of India Limited. It is an international analytic company which offers ratings, research and risk and policy advisory services. Its head office is situated in Mumbai, India. Standard and Poor's (S&P) is the greater division shareholder of CRISIL, therefore, it is also known as Standard & Poor’s company. The MD & CEO of the company is Ms. Ashu Suyash from 2017.

Image source: https://en.wikipedia.org/wiki/CRISIL

Its main objective is to offer self-determining judgments, actionable approaching and effectual results to make markets operates in an enhanced way. It believes in integrity, excellence, accountability, and teamwork. In the present time, CRISIL is offering service more than 100, 000 customers across 86 countries. The business of CRISIL manages from 8 countries which comprise India, China, Hong Kong, Singapore, Argentina, Poland, the UK, and the USA.

Who CRISIL Serve?

The complete range of financial service players which ranges from leading commercial and investment banks, insurance companies, consulting firms, private equity players, asset management companies to small companies and investors are served by CRISIL. In making a high-quality investment and taking significant decisions in businesses, it assists its customers properly. The company also functions and collaborates with governments and policy-makers of a country.

CRISIL Brief History

• In 1987, CRISIL was integrated, encouraged and supported by Industrial Credit and Investment Corporation of India Ltd. (ICICI) and Unit Trust of India Ltd. (UTI).
  In 1989, it turned out to be the first rating agency to rate the Commercial Paper Programme.
• In 1992, it turned out to be the first rating agency to rate the asset-backed securities and debt instruments of banks and other financial institutions.
  In 1996, it came into a tactical coalition with Standard and Poor's to expand its skills and processes.
• In May 2005, Standard and Poor's turned out to be the greatest division shareholder of CRISIL and CRISIL became the Standard and Poors Company.
• In 2010, it launched Real Estate Star Ratings.
• In 2011, it introduced education grading, solar grading and Gold and Gilt index.
• In 2012, it obtained a UK based company offering analytics to international investment banks.
• In 2013, it launched the CRISIL Foundation to raise the financial awareness and efforts towards conservation of the environment.
• In 2014, it rated the first Commercial Mortgage-Backed Securities of India and launched the Fund Management Capability Ratings for the mutual fund.
• In 2015, it for a second time introduced a program associated with environment conservation through employee volunteering.