Quick Info
| Particular | Details |
|---|---|
| Full Name | CARE Ratings Limited |
| Brand Name | CareEdge Ratings |
| Parent Group | CareEdge Group |
| Industry | Financial services and credit ratings |
| Founded | 1993 |
| CIN | L67190MH1993PLC071691 |
| Nature of Business | Credit ratings, research and financial analysis |
| Headquarters | Mumbai, Maharashtra |
| Current MD & Group CEO | Mehul Pandya |
| Key Services | Credit Ratings, Analytics, Consulting, Research and Sustainability |
| Official Website | careedge.in |
| Ratings Website | careratings.com |
| Corporate Office Phone | +91-22-6754 3456 |
| General Email | care@careedge.in |
What is CareEdge Ratings?
CareEdge Ratings, legally known as CARE Ratings Limited, is an Indian credit-rating agency and the flagship ratings business of the CareEdge Group.
The organisation provides independent opinions on the credit quality and repayment capacity of companies, financial institutions, infrastructure projects, debt instruments, public-sector entities, mutual funds, and structured-finance transactions.
CareEdge describes itself as a knowledge-based analytical group offering services in Credit Ratings, Analytics, Consulting, and Sustainability. Its parent ratings business was established in 1993 and is described by the company as India’s second-largest rating agency. CareEdge official website
History
CARE Ratings commenced operations in 1993 and developed a presence across several important segments of India’s financial markets.
Over the years, the company expanded its rating coverage to include:
- Manufacturing companies
- Banks and financial institutions
- Non-banking finance companies
- Infrastructure projects
- Capital-market instruments
- Structured-finance transactions
- Public-finance entities
- Real-estate investment trusts
- Infrastructure investment trusts
- Mutual funds and other financial products
The group later adopted the broader CareEdge identity to reflect its expansion beyond traditional ratings into analytics, consulting, research, ESG, and global financial services. CARE Ratings — About Us
Regulatory Position
CareEdge Ratings is registered with the Securities and Exchange Board of India (SEBI) and is recognised by the Reserve Bank of India (RBI) as an External Credit Assessment Institution.
Its ratings are used by lenders, investors, companies, financial institutions, regulators, and other market participants as one input in assessing credit risk. CARE Ratings official release
A credit rating is an analytical opinion and is not a guarantee of repayment or a recommendation to buy, sell, or hold a security.
Leadership
The senior leadership listed in public CareEdge information includes:
| Name | Position |
|---|---|
| Mehul Pandya | Managing Director & Group CEO |
| Sachin Gupta | Executive Director & Chief Rating Officer, CareEdge Ratings |
| Revati Kasture | Executive Director, CareEdge Ratings; CEO, CareEdge Global |
| Dr A. Shiju Rawther | Chief Information & Technology Officer |
| Jinesh Shah | Group Chief Financial Officer |
Mehul Pandya has been associated with CareEdge since 2000 and serves as the Managing Director and Group CEO. Sachin Gupta heads the ratings function as Executive Director and Chief Rating Officer. CareEdge senior management
What Services Does CareEdge Ratings Offer?
1. Corporate Credit Ratings
CareEdge evaluates the financial and business risk of companies across sectors such as:
- Manufacturing
- Services
- Textiles
- Pharmaceuticals
- Energy
- Real estate
- Technology
- Consumer products
- Mining and metals
The analysis generally considers business strength, industry risk, management quality, financial performance, liquidity, leverage, and repayment capacity.
2. Financial-Sector Ratings
The company rates and analyses:
- Commercial banks
- Non-banking financial companies
- Housing-finance companies
- Insurance companies
- Microfinance institutions
- Asset-management companies
- Financial institutions
3. Infrastructure Ratings
CareEdge Ratings provides assessments for infrastructure-related sectors, including:
- Roads and highways
- Power
- Renewable energy
- Ports
- Airports
- Railways
- Urban infrastructure
- Telecommunications
- Construction and engineering
4. Debt-Instrument Ratings
The agency provides ratings for instruments such as:
- Bank facilities
- Commercial paper
- Corporate bonds
- Non-convertible debentures
- Subordinated debt
- Perpetual debt
- Structured-finance instruments
- Securitisation transactions
5. Structured Finance and Credit Enhancement
CareEdge also rates structured-finance products and credit-enhanced instruments. These ratings may carry additional suffixes such as SO or CE, depending on the structure and credit support available.
6. Public Finance and Specialised Ratings
The CareEdge website lists capabilities in areas including:
- Recovery ratings
- Independent credit evaluation of residual debt
- REIT and InvIT ratings
- Infrastructure-linked ratings
- Public-finance ratings
- Monitoring agency services for IPOs
CareEdge Group Businesses
CareEdge Ratings is part of a larger analytical group. The group’s businesses include:
- CareEdge Ratings — Credit ratings and related opinions
- CARE Analytics & Advisory Private Limited — Analytics, research and advisory
- CARE ESG Ratings Limited — ESG ratings and sustainability assessments
- CareEdge Global IFSC Limited — Global-scale and sovereign ratings
- CARE Ratings Africa Private Limited
- CARE Ratings South Africa
- CARE Ratings Nepal Limited
The group’s stated objective is to provide financial intelligence and analytical support to corporates, lenders, investors, governments, and institutions in India and overseas. CareEdge official website
CareEdge Rating Scale
CareEdge Ratings uses rating symbols to indicate the relative credit risk of a borrower or financial instrument.
Long-Term Rating Scale
| Rating | General Meaning |
|---|---|
| CARE AAA | Highest degree of safety regarding timely servicing of financial obligations; lowest credit risk |
| CARE AA | High degree of safety; very low credit risk |
| CARE A | Adequate degree of safety; low credit risk |
| CARE BBB | Moderate degree of safety; moderate credit risk |
| CARE BB | Moderate risk of default |
| CARE B | High risk of default |
| CARE C | Very high risk of default |
| CARE D | Default or expected to default soon |
Short-Term Rating Scale
| Rating | General Meaning |
|---|---|
| CARE A1 | Very strong degree of safety; lowest credit risk |
| CARE A2 | Strong degree of safety; low credit risk |
| CARE A3 | Moderate degree of safety; higher credit risk than A1 and A2 |
| CARE A4 | Minimal degree of safety; very high credit risk |
| CARE D | Default or expected default |
Plus and minus modifiers may be used within several rating categories to show relative standing inside that category. CareEdge Rating Symbols and Definitions
Research and Analytics
Apart from assigning ratings, CareEdge publishes economic, sectoral, and market research.
Its research work covers subjects such as:
- India’s economic outlook
- Inflation and monetary policy
- Banking and credit growth
- Infrastructure investment
- Power and renewable energy
- Real estate
- Insurance
- NBFCs
- Commodities
- Industry performance
- Debt-market trends
CareEdge also uses research and data analytics to support its ratings, advisory services, risk solutions, and sustainability assessments.
Global Expansion
CareEdge has expanded internationally through subsidiaries and partnerships in markets including Africa, Nepal, South Africa, Mauritius, and the International Financial Services Centre at GIFT City.
CareEdge Global IFSC is described as a full-service global credit-rating agency providing ratings on sovereigns, issuers, and debt instruments. CareEdge Global
Contact Details
Official Contact Page
CareEdge’s official contact page provides an online business-enquiry form with options for:
- Getting a rating
- Media enquiries
- Human resources
- Investor-related matters
- CareEdge Ratings
- CareEdge Group
- CareEdge Advisory and Research
Official Contact Page:
careratings.com/contactus
Media Contact:
Mradul Mishra
Email: Mradul.Mishra@careedge.in
Corporate Office
CARE Ratings Limited / CareEdge Ratings
4th Floor, Godrej Coliseum
Somaiya Hospital Road
Off Eastern Express Highway
Sion (East), Mumbai–400022, Maharashtra, India
Corporate Office Phone:
+91-22-6754 3456
General Email:
care@careedge.in
CIN:
L67190MH1993PLC071691
These corporate details are also published in CareEdge rating releases and company documents. CARE Ratings official release
Media and Investor Contacts
Media Relations:
- Mradul Mishra
- Phone: +91-22-6754 3596
- Email: mradul.mishra@careedge.in
Investor Relations:
For clarification regarding an assigned rating, market participants may write to care@careedge.in. CARE Ratings official release
Official Social Media Accounts
The following social-media accounts are associated with CareEdge Group:
- LinkedIn: CareEdge Group
- X/Twitter: @CareEdge_Group
- Instagram: @careedge_group
- YouTube: CareEdge
- Official Website: careedge.in
CareEdge’s X account describes the group as offering Ratings, Analytics, Consulting, and Sustainability, while its LinkedIn page identifies Mumbai as its headquarters. CareEdge X account CareEdge LinkedIn
Google Search Result Contact Note
Google-indexed business and market-data pages may show older variations of the company’s contact information, including:
- The older email address care@careratings.com
- The former website careratings.com
- The corporate phone number +91-22-6754 3456
- The Mumbai office address at Godrej Coliseum, Sion East
The current public-facing brand is CareEdge, and the preferred general email shown in recent company documents is care@careedge.in. Users should rely on the official contact page and current CareEdge documents rather than unverified third-party phone numbers or email addresses. Moneycontrol company profile CareEdge official website
Some Lesser-Known Facts About CareEdge Ratings
- CareEdge Ratings was formerly widely known as CARE Ratings.
- The parent company began operations in 1993.
- CareEdge Ratings is the flagship ratings entity within the larger CareEdge Group.
- The company rates both long-term and short-term financial obligations.
- Its rating coverage includes corporate, financial, infrastructure, structured-finance, public-finance, REIT, and InvIT segments.
- CareEdge also provides research, analytics, consulting, ESG, and sustainability-related services through its group entities.
- The company’s ratings are opinions on credit risk and are not investment recommendations.
- CareEdge’s rating scale ranges from CARE AAA, representing the highest degree of safety, to CARE D, representing default or expected default.
- The company has international subsidiaries and a global ratings platform through CareEdge Global IFSC.
- CareEdge publishes economic and sector research in addition to rating reports.
Disclaimer: Credit ratings are opinions based on information and methodologies available to the rating agency at the time of assessment. They are not guarantees of repayment, investment advice, or recommendations to buy, sell, or hold any security. Contact details, office-bearers, email addresses, social-media handles, and rating methodologies may change.
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