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.
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.
CRISIL launches the ‘CRISILCARD Service’ to provide comprehensive information and analytical opinion on India's corporate entities
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.
CRISIL offers technical assistance and training to help set up Rating Agency Malaysia Berhad, and MAALOT - the Israeli securities rating company.
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.
Mr. R Ravimohan takes over as CRISIL's Managing Director on the first day of the month.
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.
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.
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.
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.
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.
CRISIL diversifies business portfolio with a strategic entry into advisory services, and wins its first major mandate in the infrastructure policy advisory domain.
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.
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.
CRISIL sets up subsidiary, Global Data Services of India Ltd. to standardise published financial data for analysis.
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.
CRISIL launches Mutual Fund Awards in association with CNBC-TV18 - a benchmark award for India's best performing mutual funds.
MarketWire - to provide real-time financial news services to help clients make pricing and investment related decisions.
CRISIL sets up The Centre for Economic Research (CCER) to apply economic principles to live business situations.
CRISIL sets up its investment and risk management services group to offer integrated risk management solutions and advice to banks and corporates.
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.
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.
The CRISIL Awards for Excellence in Municipal Initiatives are instituted to recognise outstanding programmes in urban development.
The strategic alliance with S&P since 1996 culminates in S&P's acquiring majority control of CRISIL.
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.
CRISIL launches Small and Medium Enterprise (SME) Ratings to serve the specialised needs of the SME sector.
CRISIL partners CNBC-TV18 for Emerging India Awards - the first platform to recognise and reward the achievements of India's Small & Medium Enterprises.
Irevna is ranked globally as the top Investment Research Outsourcing Firm by The Black Book of Outsourcing.
CRISIL launches IPO grading services to provide investors with independent, reliable, and consistent assessments of the fundamental strengths of new public issues.
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.
CRISIL assigns India's first Bank Loan Rating under the Reserve Bank of India's Basel-II related regulations.
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.
Black Book of Outsourcing ranks Irevna the No. 1 Financial Services Industry Analytics Outsourcing Firm.
CRISIL launches Complexity Levels, an initiative to strengthen India's capital markets by providing greater transparency to investors.
CRISIL launches Real Estate Awards with CNBC AWAAZ. The award honours India's exemplary developers and builders.
SME Ratings group assigns its 5000th SME rating.
CRISIL's revenue crosses Rs.5 billion in 2008.
Irevna is ranked globally by The Black Book of Outsourcing as the No. 1 Investment Research and Analytics Outsourcing Firm.
CRISIL captures about half of India's bank loan rating market share.
CRISIL Research launches Independent Equity Research (IER).
CRISIL moves into a new, corporate head office - the new CRISIL House - at Powai, Mumbai. It is a state-of-the-art, green building.
CRISIL SME Ratings crosses its 15,000th SME rating.
CRISIL launches CRISIL Real Estate Star Ratings.
CRISIL launches Education Grading, beginning with business schools.
CRISIL acquires Pipal Research, further strengthening its leadership in the KPO industry.
CRISIL Rating enhances access to funding for SMEs; announces 20,000th SME Rating.
CRISIL Ratings launches Solar grading.
CRISIL Research launches Gold and Gilt Index.
CRISIL Global Research & Analytics receives NASSCOM Exemplary Talent Practices Award.
CRISIL announces its 25,000th SME rating.
CRISIL Global Research & Analytics receives NASSCOM Exemplary Talent Practices Award.
CRISIL acquires UK-based Coalition, a company providing high-end analytics to global investment banks.
CRISIL transforms the lives of 1000 rural citizens through 'Pragati', a series of financial awareness workshops.
CRISIL launches 'Doing what is right: The CRISIL Story' - a book on the company's 25-year evolution, on December 19.
CRISIL assigns its 10,000th bank loan rating.
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.
CRISIL launches CRISIL Foundation, a platform for achieving its twin goals of increasing financial awareness and conservation of the environment.
CRISIL rates India's first Commercial Mortgage Backed Securities.
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.
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.
CRISIL introduces Fund Management Capability Ratings for the mutual fund.
Ms. Ashu Suyash takes over as Managing Director and CEO of CRISIL on 1.6.2015.
CRISIL RE launched - a programme focusing on environment conservation through employee volunteering.
CRISIL rates an innovative partially guaranteed debenture issue of a passive infrastructure SPV backed by first-loss partial guarantee from IIFCL.
CRISIL launches the first hybrid issuance ratings in the insurance sector.
CRISIL Certified Analyst Program (CCAP) launches its 10th batch, in association with Narsee Monjee Institute of Management Studies (NMIMS) as the academic partner.
CRISIL features in list of the top 100 Best companies in India for women by Avtar Group and Working Mother Publication.
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.
CRISIL launches first Infrastructure Rating on the ‘Expected Loss’ scale.
CRISIL Foundation is selected by the Reserve Bank of India to receive financial assistance under its Depositor Education & Awareness Fund Scheme.
CRISIL celebrates its 30-year anniversary and continues to be driven by its mission of making markets function better.
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.
CRISIL launches smefirst, an online platform that allows SMEs easy access to ratings and other related services.
CRISIL buys 8.9% stake in CARE Ratings.
CRISIL launches India’s first infrastructure investability index
Small Industries Development Bank of India (SIDBI) and CRISIL sign MoU to launch India’s first MSME Sentiment index named CriSidEx