CARE Ratings is reportedly planning to diversify into financial consultation business in the next fiscal due to slowed down in growth from ratings business. The company’s subsidiary CARE Kalypto will undertake the financial consultation business from the next fiscal.
The company acquired over 75% in Kalypto sometime back and has renamed it as CARE Kalypto. At present, CARE offers corporate bond, bank loan, commercial paper, IPO grading and securitization, ratings.