CRISIL is acronym for Credit Rating Information Services of India Limited.

CRISI L is India's leading Ratings, Financial News, Risk and Policy Advisory company. Since 1987 when CRISIL was incorporated, CRISIL has played an integral role in I ndia's development milestones. CRISIL's majority shareholder is Standard & Poor's, the world's foremost provide r of independent credit ratings, indices, risk evaluation, investment research a nd data. CRISIL's association with Standard & Poor's, a division of The McGraw-H ill Companies, dates back to 1996 when both companies started working together o n rating methodologies and joint projects. CRISIL Ratings is the only ratings agency in India to operate on the basis of se ctoral specialisation. CRISIL Ratings plays a leading role in the development of the debt markets in India. CRISIL has also spearheaded the formation of the Car iCRIS, the world's first regional credit rating agency. The main functions of CRISIL can be classified into following subheads: 1. Ratings CRISIL Ratings: It is the only ratings agency in India with sectoral specializat ion It has played a critical role in the development of the debt markets in Indi a. The agency has developed new ratings methodologies for debt instruments and i nnovative structures across sectors. CRISIL Ratings provides technical know-how to clients all over the world and has helped set up ratings agencies in Malaysia (RAM), Israel (MAALOT) and in the Caribbean. 2. Research CRISIL Research: It provides research, analysis and forecasts on the Indian econ omy, industries and companies to over 500 Indian and international clients acros s financial, corporate, consulting and public sectors. CRISIL FundServices: It provides fund evaluation services and risk solutions to the mutual fund industry. The Centre for Economic Research: It applies economic principles to live busines s applications and provide benchmarks and analyses for India's policy and busine ss decision makers. Investment Research Outsourcing: CRISIL added equity research to its wide bouque t of services, by acquiring Irevna, a leading global equity research and analyti cs company. Irevna offers investment research services to the world's leading in vestment banks and financial institutions. 3. Advisory CRISIL Infrastructure Advisory: It provides policy, regulatory and transaction l evel advice to governments and leading organisations across sectors. Investment and Risk Management Services: CRISIL Risk Solutions offers integrated risk management solutions and advice to Banks and Corporates by leveraging the experience and skills of CRISIL in the areas of credit and market risk.