Credit rating agency ICRA is planning to expand its rating business organically in other Asian countries. Also, the rating agency is going through a transition and actively looking for acquisitions for non-rating business.
At present, the operations of ICRA Group are spread primarily over rating, consulting, IT solutions (along with IT analytics/ engineering) and financial information and product services, including KPO services.
In 2012, ICRA Techno Analytics (ICTEAS), a Kolkata-headquartered software solutions company promoted by ICRA, picked up a majority stake in BPA Technologies, Inc., a California-based global business consulting and software technology services firm. While, ICRA Techno Analytics, New Jersey, USA, a wholly-owned subsidiary of ICRA Techno Analytics (ICTEAS) operating from Kolkata, has acquired 100% stake in Sapphire International, a US-based company in 2009.
ICRA (formerly Investment Information and Credit Rating Agency of India) was set up in 1991 by leading financial and investment institutions, commercial banks and financial services companies as an independent and professionals, among other.
