Credit rating agency, CARE has reaffirmed ‘A’ rating to Rolta India’s long term bank facilities worth Rs 2,546.30 crore. The rating agency has also reaffirmed ‘A1’ rating to Rs 368.75 crore short term bank facilities of the company.
The reaffirmation of ratings assigned to bank facilities of the company factors in successful integration of AT Solutions Group which supplements company’s established track in providing solutions in niche Information Technology (IT) segment, higher contribution of Intellectual Property (IP) led business and healthy order book position providing medium to long-term revenue visibility.
Rolta India conducts business in India, and internationally through subsidiaries in various countries. Rolta is a leading provider of innovative IT solutions built around its intellectual property for many vertical segments, including Federal and State Governments, Defence, Homeland Security, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare.