ICRA has upgraded rating of Shanthi Gears’ Long term banking facilities for a value of Rs 35 crore to AA from AA-. The rating agency has also re-affirmed A1+ rating to company’s short term banking facilities for a value of Rs15 crore.
Shanthi Gears act as consultants in the field of engineering design, advisors and purveyors of technical know-how and applied technology, solution providers and business process outsourcers in the field of engineering design and drawing, software programming etc.