Full Form of CRISIL | CRISIL Full Form | What is CRISIL | About CRISIL
Full Form of CRISIL is Credit Rating Information Services of India limited: CRISIL stands for Credit Rating Information Services of India limited. it’s a worldwide analytic company providing ratings, research and risk and policy advisory services. Its headquarters is in Mumbai, India. standard and Poor’s (S&P) is the majority shareholder of CRISIL so it’s conjointly referred to as standard & Poor?s company. As of 2017, Ms. Ashu Suyash is the MD & CEO of the corporate. The analyses and solutions of CRISIL facilitate investors, lenders, borrowers and regulators build correct decisions. It helps clients manage risks and generate a lot of revenue by creating right selections associated with product, services, and pricing. It conjointly promotes economic growth in rising markets by shaping the public policies on infrastructure in these regions.
Its mission is to provide independent opinions, actionable insights, and effective solutions to create markets perform higher. It believes in integrity, excellence, accountability, and cooperation. Today, CRISIL is serving more than 100, 000 customers across eighty-six countries. the corporate operates its business from eight countries that include India, China, Hong Kong, Singapore, Argentina, Poland, uk and also the USA. CRISIL serves the whole spectrum of financial service players ranging from leading commercial and investment banks, insurance companies, consulting firms, personal equity players, quality management firms to little firms and investors. the corporate conjointly works with governments and policy-makers of a country. It helps its shoppers to create higher investment and business decisions. Full Form of CRISIL.
According to Wikipedia:
CRISIL (formerly Credit Rating Information Services of India Limited) is a global analytical company providing ratings, research, and risk and policy advisory services. CRISIL’s majority shareholder is Standard & Poor’s, a division of McGraw Hill Financial and provider of financial market intelligence. As of December 2013, the company has revenue of ₹11,106 million (US$170 million), net income of ₹2,978.2 million (US$46 million) and operating income of ₹3,199.5 million (US$50 million).
CRISIL was incorporated and promoted by Industrial Credit and Investment Corporation of India Ltd. (ICICI) and unit trust of India Ltd. (UTI) in 1987.
In 1989, it became the first rating agency to rate the commercial paper Programme.
In 1992, it became the primary rating agency to rate the asset-backed securities and debt instruments of banks and alternative financial institutions.
In 1992, it conjointly provided the technical help to an Israeli Securities Rating Company, Malaysia Berhad and Maalot.
In 1996, it entered into a strategic alliance with standard and Poor’s to develop its skills and processes.
In may, 2005, standard and Poor’s became the majority stockholder of CRISIL and CRISIL became the quality and Poor?s company.
In 2010, it introduced real estate Star Ratings.
In 2011, it launched education grading, solar grading and Gold and Gilt index.
In 2012, it acquired a UK primarily based company providing analytics to global investment banks.
In 2013, it introduced CRISIL Foundation to extend the financial awareness and efforts towards conservation of the environment.
In 2014, it rated initial business Mortgage Backed Securities of Asian nation and introduced the Fund Management Capability Ratings for the mutual fund.
In 2015, it again launched a program associated with environmental conservation through employee volunteering.