CRISIL registered a consolidated total income of Rs. 536.19 crore for the year, as against Rs. 413.49 crore in the previous year, an increase of 29.67 per cent. Consolidated profit after tax for 2008 is Rs. 140.57 crore, as against Rs. 83.66 crore in the previous year, an increase of 68.03 per cent.  All CRISIL businesses recorded a year of robust growth. CRISIL’s Ratings revenues grew at over 50% driven largely by the strong traction seen in Bank Loan Ratings (BLR).

Despite the turmoil in global financial markets, Irevna, CRISIL’s off shoring division, added several strategic and high potential clients. The domestic research arm, CRISIL Research grew significantly through its launch of new reports and by focusing on high value customized research. CRISIL Risk and Infrastructure Solutions Ltd (CRIS), CRISIL’s wholly–owned subsidiary, increased its global footprint through execution of mandates in Mauritius, Indonesia, Vietnam, Tanzania and Kingdom of Saudi Arabia. The total headcount across the CRISIL group increased to 1956 as at December 31, 2008 from 1750 in the previous year.  To read the full release click on the LINK.

BIIA Newsletter April 2009 Issue