S&P Global is the majority owner of Crisil, India's first credit rating agency, which provides ratings, research, risk and analytics services. Crisil is headquartered in Mumbai and serves clients globally.
Ownership and structure
S&P Global is the promoter and majority shareholder of Crisil, a listed Indian company, holding 66.64 percent as of the September 2026 quarter. CRISIL Limited is listed on the NSE and BSE under the symbol CRISIL.
What India does for S&P Global
Through Crisil, India gives S&P Global the country's leading domestic credit rating franchise along with a base for research, analytics and benchmarking work delivered to clients worldwide.
S&P Global's India business
Crisil was founded in 1987 as India's first credit rating agency. S&P acquired a majority stake in Crisil in April 2005.
S&P Global holds about 66 per cent of Crisil.
Key moves in India
- 1987: Crisil was founded as India's first credit rating agency.
- 2005: In April S&P acquired a majority stake in Crisil.
- 2018: Crisil acquired the fintech firm Pragmatix Services Pvt Ltd.
- 2020: Crisil completed the acquisition of Greenwich Associates, a provider of benchmarking data and analytics to financial services firms.
Where it operates
S&P Global runs its India business from Mumbai.
At a glance
- Home country: United States
- Global headquarters: New York
- Sector: Banking & Financial Services
- Business: Ratings and data
- Role of India: Financial services franchise, Global delivery and operations
- India entity: CRISIL Limited
- Listed in India: CRISIL Limited (CRISIL)
- India head office: Mumbai
- India offices: Mumbai
- India headcount: Not available
- In India since: 2005
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