CRISIL

Credit Rating Information Services of India or CRISIL

The Credit Rating Information Services of India or CRISIL was incorporated in 1987. The Company operates as ratings, research, risk, and policy advisory company. Also, during 1990–91, the company offered technical assistance and training to the Israeli Securities Rating Company, Rating Agency Malaysia Berhard and MAALOT.

In 1996–97, Standard & Poors acquired approximately 9.68% equity stakes in the company. Later, it also entered into a joint venture with National Stock Exchange for providing several Indices index associated services and products to NSE. This specific joint venture entered into the consultancy and license agreement with the Standard & Poors'.

Currently, CRISIL is a Standard & Poors company that is engaged in fund services, investment research outsourcing, risk management, and various infrastructure advisory services.

As of September 2010, the company also signed an agreement with Chicago–headquartered KPO (knowledge process outsourcing) Pipal Research for a fair consideration of $12.75 million. It also strengthened CRISIL's KPO arm, Irevna, as it was well-positioned in the high-end analytical offshoring space.

The Company in a bid to evaluate the ability of the institute for imparting quality education. It has also launched its education grading initiative - 'CRISIL Business School Grading' in January 2011. It also enables the institute to benchmark itself with the other business schools across India.