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About
ICRA Analytics
ICRA Analytics is a premier provider of advanced analytics and business intelligence solutions, renowned for its expertise and commitment to excellence. The company offers comprehensive services that enable informed decision-making and strategic planning across various industries.
300+
Clients10,000+
Assignments20+
Years of Experience165,000+
Structured Finance cases monitored annually500,000+
Financial statements analysed annuallyWelcome to
ICRA Analytics Limited
ICRA Analytics Ltd, a wholly owned subsidiary of ICRA Ltd, provides services, solutions, analytics and digital platforms for Risk Management, Mutual Funds, Fixed Income, ESG Data, Analytics, BRSR Consulting and Knowledge Services.
ICRA Analytics Ltd is the amalgamated entity of ICRA Online Ltd and ICRA Management Consulting Services Ltd, both wholly owned subsidiaries of ICRA Ltd. With more than 20 years of experience and a pool of 750+ full-time professionals, we leverage our knowledge, experience, and technology to add value to our clients.
ICRA Analytics has 60% shareholding in D2K Technologies India Private Limited.
With our wide range of offerings, we serve clients across multiple segments, diverse sectors and different geographies.
We add value by leveraging domain expertise in diverse sectors, functional competence in multiple areas, skills in technology and analytics along with process orientation and strong Infosec controls. We are ISO 9001:2015 and ISO 27001:2022 certified company
FSQS Registered
Our Journey, Our Recognition
ICRA Analytics is proud to be registered under the Financial Services Qualification System (FSQS) by Hellios, a UK based certification agency. This is a framework used by major financial institutions (Banks, Insurers, Asset Managers etc ) to assess, qualify, and manage their third-party suppliers. It provides a benchmark standard for compliance and quality in the financial services sector. This certification assures our clients of robust governance, risk management, and operational excellence—helping them engage with us with confidence and trust.
(Sept 2025 to Aug 2026)
Solutions & ServicesOur expert & tailored made
Our expert & tailored made
Management Solutions
MFI360 - Explorer
MFI360 Explorer is a unique, independent, insightful, and completely cloud-based mutual fund research solution that provides a 360...
ESG Data & Analytics
EQ360 offers ESG Data and Analytics for 1,000 listed companies in India, and we provide ESG Consulting Services that guide clients through...
Bond Valuation
As an industry-approved agency, we provide fair & reliable valuations across the spectrum of debt securities. Our valuation methodology is rooted...
IRS 3.0 -Internal Rating Solution
Internal Rating Solution is a web-based comprehensive and customisable credit risk management solution to assist financial...
Treasury Solution
Treasury Solution, the cutting-edge cloud-based platform revolutionizing corporate treasury management was launched in 2022. Designed to...
ECL 3.0 -Expected Credit Loss Solution
Discover the power of ECL 3.0, the advanced solution from ICRA Analytics designed to revolutionise the computation of the expected...
Knowledge Services
We have more than 20 years of experience in providing contemporary solutions, analytics and services across banking & financial services...
Group ICRA
Vision and Values
Exploring the evolution
A Journey through the history of ICRA Analytics
ICRA Ltd, is currently a public listed company with shares listed on NSE and BSE and Moody’s Investor Service as its largest shareholder.1991
ICRA launches credit rating services
1997
ICRA Advisory Services, is set up as a division of ICRA to provide risk management solutions & consulting services
2003
ICRA acquired minority stakes in and entered into a technical service agreement with Online India Capital.Com (subsequently, the name changed to ICRA Online Limited)
2006
ICRA demerged its advisory services division and transferred to ICRA Management Consulting Services Ltd(IMaCS), a wholly-owned subsidiary, with effect from April 1, 2005. ICRA acquired a majority stake in ICRA Online Limited(ICRON)
2011
IMaCS sets up a wholly owned subsidiary to provide consulting services to the development sector
2019
IMaCS amalgamated into and with ICRON to leverage synergies and serve customers better
2020
The name of the amalgamated entity changed to ICRA Analytics Ltd
2023
Acquired a majority stake in D2K, a software product company facilitating digital transformations for top Banks and NBFCs in the country
2024
ICRA acquired 100% equity shares of Pragati Development Consulting Services Limited (subsequently, name changed to ICRA ESG Ratings Limited), held by ICRA Analytics, without any change in ultimate ownership over the said subsidiary
1991
ICRA launches credit rating services
1997
ICRA Advisory Services, is set up as a division of ICRA to provide risk management solutions & consulting services
2003
ICRA acquired minority stakes in and entered into a technical service agreement with Online India Capital.Com (subsequently, the name changed to ICRA Online Limited)
2006
ICRA demerged its advisory services division and transferred to ICRA Management Consulting Services Ltd(IMaCS), a wholly-owned subsidiary, with effect from April 1, 2005. ICRA acquired a majority stake in ICRA Online Limited(ICRON)
2011
IMaCS sets up a wholly owned subsidiary to provide consulting services to the development sector
2019
IMaCS amalgamated into and with ICRON to leverage synergies and serve customers better
2020
The name of the amalgamated entity changed to ICRA Analytics Ltd
2023
Acquired a majority stake in D2K, a software product company facilitating digital transformations for top Banks and NBFCs in the country
2024
ICRA acquired 100% equity shares of Pragati Development Consulting Services Limited (subsequently, name changed to ICRA ESG Ratings Limited), held by ICRA Analytics, without any change in ultimate ownership over the said subsidiary
Our Team
Board of Directors
Mr. Pradip Kanakia
Non-Executive Chairman
and Independent Director
Mr. Ramnath Krishnan
Non-Executive
and Non-Independent Director
Mr. Alok Kumar
Non-Executive
and Non-Independent Director
Mr. Abhishek Dafria
Non-Executive
and Non-Independent Director
Careers
Shape the future with ICRA Analytics
750+
Professionals
ICRA Analytics offers you an unparalleled work environment and space to for you to grow professionally, and personally. We are also a Great Place to Work certified organisation! Check below for the list of current vacancies
Recognition and Awards
Achievements Honored, Distinctions Celebrated
STPI Export Awards
Highest Percentage of Growth
(Exports under Rs. 10 billion category for IT/TES)
- 2018 - 19: Top Exporter (ITES)
- 2020 - 21: Top Exporter (ITES)
- 2020 - 21: Highest % of Women Employees (IT/ITES)
- 2021 - 22: Highest % of Differently Abled Employees (IT/ITES)
- 2021 - 22: Highest % of Growth in (IT/ITES)
