SEBI Registered
RBI Accredited
NSIC Empanelled
Bangalore +91 80 4040 9940
Mumbai +91 22 2831 1426 / 39
Ahmedabad +91 79 6617 4046 / 47
Chennai +91 44 2466 3326
Guwahati +91 36 1234 3632
Hyderabad +91 40 2331 0131
Kolkata +91 33 3002 3130
New Delhi +91 11 2341 2232
Common Ph 1-860-425-2742
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Rating Services

Rating Services

BWR is a full service rating agency and assigns ratings to number of financial products such as NCDs / Bonds, Bank Loans, Commercial Paper, Fixed Deposits, Security Receipts, PPMLD and other structured products as wells as SMEs.

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Grading Services

Grading Services

BWR is providing Grading services to a wide range of products / institutions such as MNRE, IREDA, Real Estate, Tourism, NGOs, Hospitals, Educational Institutes, MFIs, IPOs etc. Brickwork Placement Reporting Services (BPRS) are offered to B-Schools & Engineering Institutions…..

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rating list

Check up-to-date ratings under five categories viz. Credit Ratings, Bank Loan Ratings, NSIC ratings, MSE and SME Ratings. Credit Ratings includes all NCD and BWR Gradings.


Process & People

rating process

Brickwork Ratings believes in following Indian best practices without compromising innovation and analytical excellence. Brickwork senior management are highly experienced bankers, venture capitalists, risk experts and finance professors.

Process... People...

Credit, Equity & Risk

corporate training

Brickwork Ratings believes in enhancing and knowledge sharing amongst credit, equity and risk analysts. Week-end knowledge sessions conducted by visiting Professors from IIMB, IISc. etc., and in house faculty of the BFA program of the Brickwork Finance Academy. In addition, eminent personalities in the finance sector are invited to deliver guest lectures in economics and public finance.


For Young & Experienced

Brickwork Ratings offers exciting careers for young graduates as well as experienced bankers. Young graduates can apply for a Rating Analyst position. Experienced bankers are recruited for both Business Development or Ratings. Banking & Financial Analyst (BFA) Program is offered for both the young and the experienced.


Press Release

BWR BBB + : Maruti Ispat and Energy Pvt. Ltd. Long Term Bank Loan रु89.50 Crore
BWR A3 : Maruti Ispat and Energy Pvt. Ltd. Short Term Bank Loan रु12.40 Crore
BWR BBB : Sitaram Spinners Pvt. Ltd. Long Term Bank Loan रु88.44 Crore
BWR A3 : Sitaram Spinners Pvt. Ltd. Short Term Bank Loan रु12 Crore
BWR C : Krishna Wood Works Long Term Bank Loan रु15 Crore
BWR C : Sri Krishna Saw Mill Long Term Bank Loan रु15 Crore
BWR D : Keasav Saw Mill Long Term Bank Loan रु10 Crore
BWR D : Kannaiya Timber Tech Long Term Bank Loan रु10 Crore
BWR BBB - : Varahi Diamonds and Finance Ltd. Long Term Bank Loan रु119.50 Crore
BWR B + : S.Kadirvel & Company Long Term Bank Loan रु30 Crore
BWR A4 : S.Kadirvel & Company Short Term Bank Loan रु10 Crore
BWR B : KSV Cotton Mills Pvt.Ltd Long Term Bank Loan रु6 Crore
BWR A4 : KSV Cotton Mills Pvt.Ltd Short Term Bank Loan रु3.18 Crore
BWR BB - : Antila Ceramic Pvt Ltd Long Term Bank Loan रु5.91 Crore
BWR A4 + : Antila Ceramic Pvt Ltd Short Term Bank Loan रु2.25 Crore
BWR A - (SO) : GSPC Pipavav Power Company Ltd Long Term Bank Loan रु2010.60 Crore
SP 3D : Scintillant Energy Solar Power for Decentralised Solar PV Applications
BWR B + : Sadaf International LLP Long Term Bank Loan रु6.26 Crore
BWR A4 : Sadaf International LLP Short Term Bank Loan रु0.20 Crore
BWR BB - : Lakshmi Transformers & Electricals Long Term Bank Loan रु3 Crore
BWR A4 : Lakshmi Transformers & Electricals Short Term Bank Loan रु40 Crore
BWR BB - : Itacon Granito Pvt. Ltd Long Term Bank Loan रु34.70 Crore
BWR A4 : Itacon Granito Pvt. Ltd Short Term Bank Loan रु2.50 Crore
BWR BB + : Dhaval Agri Exports LLP Long Term Bank Loan रु14.88 Crore
BWR A4 + : Dhaval Agri Exports LLP Short Term Bank Loan रु64 Crore
BWR B + : Gajanana Traders Long Term Bank Loan रु9 Crore
BWR A4 : Gajanana Traders Short Term Bank Loan रु1 Crore
BWR A4 + : Trishul Exotic Pvt. Ltd Short Term Bank Loan रु20.50 Crore
BWR A - (SO) : Gujarat State Energy Generation Ltd Long Term Bank Loan रु903.14 Crore
Brickwork Ratings IN MEDIA

Brickwork Ratings, a SEBI registered Credit Rating Agency, has also been accredited by RBI and empanelled by NSIC, offers Bank Loan, NCD and SME ratings. Brickwork has its corporate office in Bengaluru and a country-wide presence with its offices in Ahmedabad, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai and New Delhi along with representatives in 150+ locations. Brickwork has rated issues of a large number of banks like State Bank of India, Bank of Baroda, Bank of India, Canara Bank, Corporation Bank, Punjab National Bank ,Union Bank of India, Andhra Bank, Vijaya Bank, United Bank of India, etc.