Page 46 - Index

• Expanded Quantix coverage by sourcing a targeted list
of entities in the C 5 crore to C 500 crore turnover bucket
• Deepened our focus on climate risk model capabilities
to develop a comprehensive, end-to-end approach to
climate risk, adaptation and resilience
• Extended our early warning solution (EWS) to small and
medium enterprises (SMEs) and retail portfolios
• Integrated our generative artificial intelligence (GenAI)
capabilities into the credit assessment and spreading
solution Credit + ICON
We recorded strong traction in 2024, especially in urban
infrastructure and transport sectors, and draft red herring
prospectus (DRHP) offerings. We supported governments,
multilateral institutions and investors in sectors such
as roads, renewables and urban infrastructure, helping
them finalise frameworks and roadmaps, and achieve
financial closures.
The business was able to garner significant wallet share
in adjacent geographies and maintained its leadership
position with multilateral and bilateral agencies.
Our research offerings in emerging areas empowered
stakeholders with data-driven insights. We saw strong
interest in thought leadership and franchise-building
initiatives at banks. We are leveraging our sectoral expertise
to support their needs.
Growth in our Industry Research offerings was driven by
demand for thematic research, while our fixed income
indices remained mutual funds’ top choice for launching
sectoral passive target maturity funds. The updated Crisil
AIF benchmarks were received well.
Credit + ICON saw significant traction and continues to be
a market leader in India. The business recorded a strong
demand for EWS from smaller banks and NBFCs after
the Reserve Bank of India’s (RBI) new circular on EWS.
The business witnessed traction for its corporate loan
origination system.
On the franchise front, we hosted the 8th edition of our
flagship India Outlook seminar, titled ‘Pivots, pillars and
pace’ and released the India Outlook Report 2024, titled
‘Growth marathon’. The business organised ‘The Real
Estate Conclave’ and launched two reports – the Developer
Sentiment Study, and Realty Bytes.
44 Annual Report 2024
Crisil Integral IQ
Highlights
• 23 new logos were added across verticals
• Leveraged GenAI to develop client solutions
The business witnessed the impact of curtailed discretionary
spending by global clients.
The buy-side segment secured new mandates and
increased its wallet share with existing clients.
The credit risk and lending solutions expanded the
existing relationships and added new logos as banks
continued to transform their credit risk practices amid
rising macroeconomic and geopolitical risks. The business
made considerable progress in leveraging AI in credit risk
assessments. The development of a proprietary AI Prompt
database is expected to address the growing needs of
clients to integrate GenAI in the credit review process.
The quantitative and risk solution saw traction in regulatory
reporting, compliance, model lifecycle services and finance
transformation, amidst limited appetite for discretionary
spends by commercial and investment banks (CIBs).
Crisil Coalition Greenwich
Highlights
• Onboarded 24 new clients
• Investments in data processing platforms accelerated
client delivery and improved data quality
• Digital platform is being adopted more broadly across
Crisil Coalition Greenwich, driving efficiency gains and
value-add data analytics
Despite uncertain market conditions and cost and budget
pressure across clients, the business saw momentum
in CIB and maintained leadership and entrenchment
across index CIBs. Our client engagement and scaling
up of product offerings strengthened demand from large
commercial banks.
Collaboration with S&P Global
Crisil’s association with S&P Global has been instrumental
in shaping our strategy and governance systems, blending
local and global perspectives. The presence of S&P Global
representatives on the Crisil Board brings valuable global
insights on governance, risk, and controls, as well as
expertise in leading large businesses. This partnership