Credit Rating Information Services of India popularly known as CRISIL was incorporated in 1987. It operates as ratings, research, risk and policy advisory company. During 1990-91 the company provided technical assistance and training to Rating Agency Malaysia Berhard and MAALOT, the Israeli Securities Rating Company.
In 1996-97 Standard & Poors acquired 9.68% equity stakes in the company. The company entered into joint venture with National Stock Exchange to provide variety of Indices index related services and products to NSE. This joint venture entered into consultancy and licence agreement with Standard & Poors'.
CRISIL is now a Standard & Poors company that is engaged in investment research outsourcing, fund services, risk management and infrastructure advisory services.
On September 2010, Crisil signed an agreement with Chicago-headquartered KPO (knowledge process outsourcing) Pipal Research for a consideration of $12.75 million. This strengthen CRISIL's KPO arm, Irevna, as it will be well positioned in the high-end analytical offshoring space.
CRISIL in a bid to assesses the ability of the institute to impart quality education has launched its education grading initiative - ‘CRISIL Business School Grading’ in January 2011. This enables the institute to benchmark itself with other business schools across the country.
2010CRISIL launches Real Estate Star Ratings.CRISIL acquires Pipal Research, further strengthening its leadership in the KPO industry.2011CRISIL launches Education Grading, beginning with business schoolsCRISIL Ratings launches Solar gradingCRISIL Research launches Gold and Gilt IndexCRISIL Global Research & Analytics receives NASSCOM Exemplary Talent Practices Award2012CRISIL acquires UK-based Coalition, a company providing high-end analytics to global investment banksCRISIL launches four fixed income indices to measure the performance of government securities in the Sri Lankan capital markets in association with NDB Capital Holdings PLC'Businesses
Rating- The Company rates all kind of organisation such as industrial companies, banks, SMEs, non-banking financial institutions, insurance providers, mutual funds, infrastructure entities, state governments, and urban local bodies. Till date it has rated over 11,026 debt instruments, 5716 companies and many more.
Research- It offers an in-depth research on Economy - Industry - Company spectrum. CRISIL caters research needs of over 600 domestic and international clients that include 90 per cent of Indian commercial banks.
Irevna a division of the company provides an offshore investment research to world's leading investment banks and financial institutions. Another division of company CRISIL FundServices provides fund research, rankings, and ratings to India's mutual funds industry.
Advisory- Company provides advisory services on policy, infrastructure and energy through its subsidiary CRISIL Risk and Infrastructure Solutions (CRIS). It also operates in Africa, the Middle East, and South-East Asia.
The company has signed MoU with IndusInd Bank to rate the bank's clients' exposures under the standardised approach of Reserve Bank of India's new capital adequacy framework (Basel II). The ratings will help the bank in regulating the credit risks on its books in an improved way, while credible and widely-accepted credit opinions from the top rating agency like CRISIL would be of a huge help to the bank's clients.