Acuité Ratings & Research Limited
Acuité Ratings & Research Limited (www.acuite.in) is a technology-enabled, full-service credit rating agency accredited by Reserve Bank of India (RBI) as an External Credit Assessment Institution (ECAI) and registered with the Securities and Exchange Board of India (SEBI). The Company received RBI Accreditation as an External Credit Assessment Institution (ECAI), for Bank Loan Ratings under BASEL-II norms in the year 2012. Since then, it has assigned more than 8800+ credit ratings to various securities, debt instruments and bank facilities of entities spread across the country and across a wide section of industries. Acuité rates bonds, debentures, commercial paper, fixed deposits and various fund-based and non-fund based bank facilities. Apart from credit ratings, Acuité’s expertise includes economic research, industry research, financial modelling, rating modelling, and development of software applications.
SMERA Ratings Private Limited is a wholly owned subsidiary of Acuité Ratings & Research. SMERA (www.smeraonline.com) is world's first SME-focused rating agency providing credit ratings of Indian micro and small enterprises. SMERA's services are aimed at helping MSMEs and lenders build trust and facilitating timely and cheaper business loans. SMERA has rated more than 50,000 MSMEs till August 27, 2021.Microfin Analytics (www.microfinanalytics.com/), a division of SMERA is dedicated to offer grading services and Code of Conduct Assessments to microfinance institutions.
International Finance Corporation (IFC) recognized SMERA as a novel and sustainable initiative of the Government of India, to improve the credit flow to the MSME sector. In 2007, the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) awarded SIDBI with "Outstanding Development Project Award" under the SME Development Category, for setting up SMERA. This award was arecognition of the Indian initiative to enhance credit flow to credit-constrained SME sector for developing its SME sector. SMERA was also a recipient of the Technical Assistance Grant by DFID, UK under World Bank’s ‘Project on SME Financing & Development’.
ESG Risk Assessments & Insights (ESGRisk.ai), is another wholly owned subsidiary of Acuité Ratings & Research. ESGRisk.ai’s ratings are an objective, independent and unbiased opinion on a company’s ability to mitigate emerging risks associated with Environment, Social, and Governance issues that have a material financial impact. ESG ratings foster informed decision-making while choosing ESG investments, assessing a particular company's or industry's performance, reviewing ESG business strategies and identifying the need for policy interventions. The subscribers of ESGRisk.ai's 'India ESG 360' service can avail detailed ESG assessment reports and ratings of 511 largest (by market capitalisation) Indian listed companies with a total market capitalisation of `2,26,07,467 crore (as on 27-Aug-2021) and a total debt of `52,40,081 crore.
Apart from ESG ratings of listed companies, ESGRisk.ai also provides ESG assessments of unlisted companies and ESG Gap Analysis and aims to launch its proprietary methodology of ESG indices. ESGRisk.ai has also launched India's first ESG Leadership Awards based on a very detailed methodology.