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 : Capricorn Logistics Pvt. Ltd. Long Term Bank Loan रु44.60 Crore
: Capricorn Logistics Pvt. Ltd. Short Term Bank Loan रु7 Crore
: Logix Buildtech Pvt. Ltd. Long Term Bank Loan रु242.93 Crore
BWR BBB - : Sanskriti Society for Education Research & Development Long Term Bank Loan रु58.23 Crore
BWR A3 : Sanskriti Society for Education Research & Development Short Term Bank Loan रु14 Crore
BWR B + : Nandi Rice and General Mills Long Term Bank Loan रु15 Crore
BWR BB + : Ibrahim Sharief Long Term Bank Loan रु12.43 Crore
BWR A4 + : Ibrahim Sharief Short Term Bank Loan रु30 Crore
BWR BB + : Ghodawat Textiles Long Term Bank Loan रु12 Crore
BWR A4 + : Ghodawat Textiles Short Term Bank Loan रु2 Crore
BWR BBB : Margdarshak Financial Services Ltd Proposed Non Convertible Debenturesरु40 Crore
BWR BBB : Margdarshak Financial Services Ltd Long Term Bank Loan रु300 Crore
: Margdarshak Financial Services Ltd Cumulative Redeemable Non Convertible Preference Sharesरु20 Crore
BWR B : McNally Bharat Engineering Company Ltd. Long Term Bank Loan रु1673.13 Crore
BWR A4 : McNally Bharat Engineering Company Ltd. Short Term Bank Loan रु3190.65 Crore
BWR B : Usha Constructions Long Term Bank Loan रु0.50 Crore
BWR A4 : Usha Constructions Short Term Bank Loan रु5 Crore
BWR BBB - : Mantri Cornerstone Holding Private Limited Long Term Bank Loan रु400 Crore
BWR B - : Mec Shot Blasting Equipments Pvt. Ltd Long Term Bank Loan रु5.50 Crore
BWR A4 : Mec Shot Blasting Equipments Pvt. Ltd Short Term Bank Loan रु4.50 Crore
BWR B : Jyotirmayee Foods Pvt. Ltd Long Term Bank Loan रु20 Crore
BWR A - (SO) : IPM India Wholesale Trading Pvt Ltd Long Term Bank Loan रु1006 Crore
BWR BB : Steelco Ispat Pvt Ltd Long Term Bank Loan रु15 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.