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 D : MK Patel Exim Pvt. Ltd. Long Term Bank Loan रु8 Crore
BWR D : MK Patel Exim Pvt. Ltd. Short Term Bank Loan रु61 Crore
BWR BB - : Melcon Vizag Pvt. Ltd. Long Term Bank Loan रु12 Crore
BWR BBB : Adesh Welfare Society Long Term Bank Loan रु102.70 Crore(Enhanced from Rs 65.46 Cr)
BWR B + : Kalyani Modern Rice Mill Long Term Bank Loan रु14.36 Crore(Reduced from Rs 14.57 Cr)
BWR A4 : Kalyani Modern Rice Mill Short Term Bank Loan रु4 Crore
BWR BB + : Graceworks Realty & Leisure Pvt. Ltd. Long Term Bank Loan रु125 Crore
: Graceworks Realty & Leisure Pvt. Ltd. Long Term Bank Loan रु111 Crore
BWR BBB + : Phoenix Poultry Long Term Bank Loan रु85 Crore
BWR B + : Sri Vinayaga Green Power Generation Pvt. Ltd. Long Term Bank Loan रु25.65 Crore
BWR B + : Himalayan Polymer Industries Long Term Bank Loan रु13.07 Crore(Reduced from Rs 15.49 Cr)
BWR A4 : Himalayan Polymer Industries Short Term Bank Loan रु4.50 Crore
BWR BB - : Himalayan Packaging Industries Pvt. Ltd. Long Term Bank Loan रु8.49 Crore(Reduced from Rs 10.24 Cr)
BWR A4 : Himalayan Packaging Industries Pvt. Ltd. Short Term Bank Loan रु8.50 Crore
BWR B + : Shanta Sriram Constructions Pvt. Ltd Long Term Bank Loan रु80.46 Crore (Enhanced from Rs 48.50 Cr)
BWR B + : Goyal International Long Term Bank Loan रु8 Crore
BWR B : BVR Tech and Engineers Long Term Bank Loan रु5.50 Crore
BWR B - : Venkata Sai Ispat Industries Pvt Ltd Long Term Bank Loan रु15.67 Crore
BWR A4 : Venkata Sai Ispat Industries Pvt Ltd Short Term Bank Loan रु2 Crore (Sub (5))
BWR BB + : Miku Traders Long Term Bank Loan रु74.50 Crore
BWR A4 + : Miku Traders Short Term Bank Loan रु23.25 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.