Company CARE Ratings Limited

Equities

CARERATING

INE752H01013

Professional Information Services

Market Closed - NSE India S.E. Other stock markets 12:43:47 26/04/2024 BST			5-day change	1st Jan Change
1,172 ^INR	+0.43%		+8.53%	+23.17%

03-19	CARE Gets Board Nod for New Subsidiary in GIFT City, India	MT
03-19	CARE Ratings Limited Approves Incorporation of Wholly-Owned Subsidiary in GIFT City, Gujarat	CI

Business Summary

CARE Ratings Limited is an India-based credit rating company. The Company provides ratings for a variety of industries, such as manufacturing, infrastructure and the financial sector, which includes banking and non-financial services. It provides credit ratings, including debt ratings, bank loan ratings, securitization ratings and expected loss ratings. Its subsidiary, CARE Advisory Research and Training Limited, is engaged in the business of advisory; environmental, social, and governance, and research. Its subsidiary, CARE Risk Solutions Private Limited, provides risk and compliance solutions for banks and financial institutions. It offers services such as BI and analytics, Liferay implementation and MLD valuations. Its subsidiary, CARE Ratings Nepal Limited, offers a range of rating services, which includes the rating of debt instruments primarily bank borrowings, issuer rating and fund management quality rating. Its other subsidiary is CARE Ratings (Africa) Private Limited.

Number of employees: 517

Sales per Business

INR in Million	2022	Weight	2023	Weight	Delta
Ratings and Related Services 93.7 %	2,297	92.8 %	2,615	93.7 %	+13.83%
Others 6.3 %	179	7.2 %	175	6.3 %	-2.30%

Sales per region

INR in Million	2022	Weight	2023	Weight	Delta
India 100.0 %	2,476	100.0 %	2,790	100.0 %	+12.66%

Managers

Managers	Title	Age	Since
Mehul Pandya CEO	Chief Executive Officer	-	-
Jinesh Shah DFI	Director of Finance/CFO	-	11/06/21
Nadir Bhalwani CTO	Chief Tech/Sci/R&D Officer	-	-
Nehal Shah CMP	Compliance Officer	-	11/06/21
Sachin Gupta PRN	Corporate Officer/Principal	-	-
Rajani Sinha PRN	Corporate Officer/Principal	-	-
Aniruddha Sen HRO	Human Resources Officer	-	-

Members of the board

Members of the board	Title	Age	Since
Adesh Kumar Gupta BRD	Director/Board Member	67	21/05/18
Gurumoorthy Mahalingam BRD	Director/Board Member	67	20/11/22
Mehul Pandya CEO	Chief Executive Officer	-	-
Thiru V. Chandrasekaran BRD	Director/Board Member	65	14/11/17
Sonal Gunvant Desai BRD	Director/Board Member	-	29/03/19
Najib Shah CHM	Chairman	-	16/07/19
M Mathisekaran BRD	Director/Board Member	-	18/08/19
Sobhag Mal Jain BRD	Director/Board Member	-	27/01/23

Share class

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	29,867,914	24,405,314 ( 81.71 %)	0	81.71 %

Shareholders

Name	Equities	%	Valuation
Life Insurance Corporation of India (Investment Portfolio) 9.608 %	2,868,230	9.608 %	38 M ₹
CRISIL LIMITED 8.785 %	2,622,431	8.785 %	35 M ₹
Nippon Life India Asset Management Ltd. (Invt Mgmt) 8.462 %	2,526,099	8.462 %	34 M ₹
Pari Washington Co. Advisors Pvt Ltd. 8.228 %	2,456,355	8.228 %	33 M ₹
Phaeacian Partners LLC 3.503 %	1,045,867	3.503 %	14 M ₹
Fair Value Capital Pvt Ltd. 2.412 %	720,000	2.412 %	10 M ₹
1729 Capital 1.792 %	534,842	1.792 %	7 M ₹
Russell Investments Ltd. 1.779 %	531,000	1.779 %	7 M ₹
Mirae Asset Investment Managers (India) Pvt Ltd. 1.645 %	491,045	1.645 %	7 M ₹
quant Money Managers Ltd. 1.427 %	425,922	1.427 %	6 M ₹