January, 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.
January, 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.
July, 1992
CRISIL offers technical assistance and training to help set up Rating Agency Malaysia Berhad, and MAALOT - the Israeli securities rating company.
November, 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.
October, 1994
Mr. R Ravimohan takes over as CRISIL's Managing Director on the first day of the month.
December, 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.
February, 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.
May, 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.
August, 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.
October, 1994
CRISIL diversifies business portfolio with a strategic entry into advisory services, and wins its first major mandate in the infrastructure policy advisory domain.
March, 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.
June, 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.
February, 2002
MarketWire - to provide real-time financial news services to help clients make pricing and investment related decisions.
April, 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.
May, 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.
May, 2005
CRISIL launches Small and Medium Enterprise (SME) Ratings to serve the specialised needs of the SME sector.
May, 2005
CRISIL partners CNBC-TV18 for Emerging India Awards - the first platform to recognise and reward the achievements of India's Small & Medium Enterprises.
2006
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.
February, 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.
June, 2007
CRISIL assigns India's first Bank Loan Rating under the Reserve Bank of India's Basel-II related regulations.
July, 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.
July, 2007
Black Book of Outsourcing ranks Irevna the No. 1 Financial Services Industry Analytics Outsourcing Firm.
March, 2008
CRISIL launches Complexity Levels, an initiative to strengthen India's capital markets by providing greater transparency to investors.
July, 2007
CRISIL launches Real Estate Awards with CNBC AWAAZ. The award honours India's exemplary developers and builders.
2009
SME Ratings group assigns its 5000th SME rating.
March, 2008
CRISIL's revenue crosses Rs.5 billion in 2008.
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).
March, 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.
March, 2010
CRISIL SME Ratings crosses its 15,000th SME rating.
August, 2010
CRISIL launches CRISIL Real Estate Star Ratings.
January, 2011
CRISIL launches Education Grading, beginning with business schools.
August, 2010
CRISIL acquires Pipal Research, further strengthening its leadership in the KPO industry.
April, 2011
CRISIL Rating enhances access to funding for SMEs; announces 20,000th SME Rating.
April, 2011
CRISIL Ratings launches Solar grading.
April, 2011
CRISIL Research launches Gold and Gilt Index.
April,2011
CRISIL Global Research & Analytics receives NASSCOM Exemplary Talent Practices Award.
February, 2012
CRISIL announces its 25,000th SME rating.
June, 2012
CRISIL acquires UK-based Coalition, a company providing high-end analytics to global investment banks.
March, 2012
CRISIL transforms the lives of 1000 rural citizens through 'Pragati', a series of financial awareness workshops.
December, 2012
CRISIL launches 'Doing what is right: The CRISIL Story' - a book on the company's 25-year evolution, on December 19.
July, 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.
2013
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
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.
June, 2015
Ms. Ashu Suyash takes over as Managing Director and CEO of CRISIL on 1.6.2015.
February, 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
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
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
October, 2019
2019
April, 2019
December, 2019
February, 2020
CRISIL has completed the acquisition of 100% stake in Greenwich Associates LLC (‘Greenwich’) today. The transaction was announced on December 19, 2019.
October, 2020
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.
December, 2020
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.
February, 2021
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.
April, 2021
The National Institute of Securities Market (NISM), in collaboration with CRISIL, today launched a comprehensive certification programme in wealth management.
April, 2021
September, 2021
Amish Mehta takes over as Managing Director and CEO of CRISIL on 30.9.2021.
April, 2023
