Credit rating agency, CRISIL Research has assigned CRISIL IER fundamental grade of 2/5 to Helios and Matheson Information Technology. The grade indicates that the company’s fundamentals are ‘moderate’ relative to other listed equity securities in India. The rating agency has also assigned a valuation grade of 5/5 to the company.
The company has received the fundamental grade on the back of its successful integration of the five companies it acquired over 2001-2007 and which paved the way for Helios to enter the IT services space.
It is a provider of IT services, including IT application and development, application validation and verification, and other related services to the BFSI, healthcare, technology and other sectors.
