Company Directory - ICRA Limited
Company Details - ICRA Limited
ICRA Limited
WebsiteNew Delhi, India
ICRA Limited is a credit rating agency in India, providing credit ratings, research, risk, and policy advisory services. It plays a critical role in helping investors and businesses assess creditworthiness and optimize their financial decisions.
CCI Score
CCI Score: ICRA Limited
28.86
-0.03%
Latest Event
ICRA Rating Note Highlights Sun Pharma's Environmental and Political Risks
ICRA Limited issued a rating note on March 4, 2024, expressing concerns about Sun Pharma's environmental practices and its use of electoral bonds for political donations. The note cautioned investors about potential risks arising from tightening environmental regulations linked to these issues.
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DISSENTER
ICRA Limited is currently rated as a Dissenter.
Latest Events
- MAR042024
ICRA Limited issued a rating note on March 4, 2024, expressing concerns about Sun Pharma's environmental practices and its use of electoral bonds for political donations. The note cautioned investors about potential risks arising from tightening environmental regulations linked to these issues.
+25
Business Practices and Ethical Responsibility
April 28
ICRA's rating note underscores corporate accountability by highlighting environmental and political risks associated with Sun Pharma. This transparency is a positive move in informing investors and promoting responsible business practices, aligning with anti-fascist values by exposing practices that could inadvertently support authoritarian interests.
Environmental violations troubled Sun Pharma group donated Rs 31.5 crore to political parties
- MAR042024
On March 4, 2024, ICRA issued a rating note expressing concerns over Sun Pharmaceutical Industries and its subsidiary SPLL. The note highlighted the companies' environmental record, citing potential risks from tightening regulations and the controversies surrounding a plant located near ecologically sensitive areas.
+40
Business Practices and Ethical Responsibility
April 28
ICRA’s rating note draws attention to Sun Pharma's environmental practices and potential regulatory risks, thereby promoting corporate accountability and sustainability. By flagging these issues, ICRA supports measures that protect vulnerable communities from environmental harm and encourages ethical business practices.
Environmental violations troubled Sun Pharma group donated Rs 31.5 crore to political parties
- OCT162023
ICRA Limited, a prominent credit rating agency in India, placed its long-time CEO Naresh Takkar on leave in response to an anonymous complaint forwarded by SEBI. The company subsequently appointed the CFO, Vipul Agarwal, as the interim chief operating officer while it investigates the concerns raised.
+40
Business Practices and Ethical Responsibility
April 28
ICRA's decision to place CEO Naresh Takkar on leave in response to a complaint initiated by SEBI demonstrates a commitment to corporate accountability and adherence to proper governance standards. This action, seen as a corrective measure to address potential mismanagement or ethical lapses, aligns with ethical business practices by showing responsiveness to regulatory oversight and protecting market integrity.
Under SEBI Glare, Ratings Agency ICRA Sends Boss Naresh Takkar on Leave
- OCT012023
ICRA Limited has released its Code of Business Conduct which outlines ethical guidelines including a whistleblower and grievance redressal mechanism, promoting transparency and accountability in internal practices. This internal governance measure supports anti-authoritarian principles by fostering ethical conduct and safe reporting channels for employees.
+50
Business Practices and Ethical Responsibility
April 28
The publication of a clear Code of Business Conduct with provisions such as an open door policy and a whistleblower mechanism demonstrates ICRA Limited's commitment to ethical practices and accountability. This initiative supports a healthy business practice by ensuring internal checks and safe reporting procedures, which are essential for countering authoritarian tendencies.
- JAN012023
ICRA Limited released its detailed Code of Business Conduct (Ver. 2023), outlining ethical business practices, anti-discrimination measures, equal opportunity policies, and robust compliance procedures. The document serves as the benchmark for internal governance, transparency, and high standards of integrity in its operations.
+70
Business Practices and Ethical Responsibility
April 28
The publication of a comprehensive Code of Business Conduct demonstrates a strong commitment to ethical business practices, transparency, and protection of employee rights. The extensive policies on anti-discrimination, anti-harassment, and equal opportunity contribute positively to labor relations and ethical responsibility, which aligns with anti-fascist, progressive corporate governance.
- AUG292019
Former ICRA chief Naresh Takkar claims his removal on August 29, 2019, was carried out in a grossly unfair and allegedly illegal manner by the ICRA board. Takkar, who supported an independent investigation into anonymous allegations related to the IL&FS controversy, states that the board’s opaque process denied him proper access to evidence and data, ultimately damaging his reputation and social standing.
-30
Business Practices and Ethical Responsibility
April 28
The board’s decision to remove Naresh Takkar, marked by a lack of transparency and fairness, reflects problematic corporate governance. This action undermines ethical responsibility by disregarding due process, an element that is essential to fair and equitable treatment in corporate settings. Such authoritarian internal practices contribute negatively towards a culture that values accountability and justice.
Sacked ICRA Boss Calls His Removal 'Illegal' in Letter to Shareholders
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