Bangalore +91 80 4040 9940
Mumbai +91 22 2831 1426 / 39
Ahmedabad +91 79 6617 4046 / 47
Chennai +91 73058 74973
Hyderabad +91 40 2331 0131
Kolkata +91 98301 96968
New Delhi +91 11 2341 2232
Common Ph 1-860-425-2742
qr code sms
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.

Read more
Grading Services

Grading Services

In compliance with the Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2018, BWR does not carry out any Grading services or MSME Ratings / Grading activities. Such services are undertaken by Brickworks Analytics, a 100% subsidiary of BWR.

Click here

RATING LIST

rating list

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

Read more...

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.

Read more...
career

Careers
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.

Read more...

Press Release

BWR D : Sri Lakshmi Constructions & Exports Pvt. Ltd. (erstwhile Sri Lakshmi Constructions) Long Term Bank Loan ₹30.00 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Non Convertible Debentures₹2855 Crore
BWR D : Sri Lakshmi Constructions & Exports Pvt. Ltd. (erstwhile Sri Lakshmi Constructions) Short Term Bank Loan ₹5.00 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Long Term Debt₹5465.32 Crore
BWR B : V R Patil Vividh Vidyut Nirman Pvt. Ltd. Long Term Bank Loan ₹31.93 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Subordinated Debt₹484.68 Crore
BWR A4 : V R Patil Vividh Vidyut Nirman Pvt. Ltd. Short Term Bank Loan ₹68.07 Crore
BWR AA : Indiabulls Housing Finance Ltd. Innovative Perpetual Debt Instrument₹150 Crore
: Shamlal Company (India) Pvt. Ltd. Short Term Bank Loan ₹6.00 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Non Convertible Debentures₹495 Crore
BWR D : Kwality Limited Non Convertible Debentures₹94.45 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Non Convertible Debentures₹1000 Crore
BWR BB - : Damara Gold Pvt. Ltd. Long Term Bank Loan ₹33.08 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Long Term Subordinate NCD₹300 Crore
BWR A4 : Damara Gold Pvt. Ltd. Short Term Bank Loan ₹31.50 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Long Term Subordinate NCD₹650 Crore
BWR C : Nakoda Mahavir Agro Infra Pvt. Ltd. Long Term Bank Loan ₹4.88 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Secured Non Convertible Debentures₹6500 Crore
BWR D : Kansal Building Solutions Pvt. Ltd. Long Term Bank Loan ₹20.94 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Secured Non Convertible Debentures₹8000 Crore
BWR B : Sagar Steels Processing & Manufacturing Unit Long Term Bank Loan ₹15.87 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Secured Subordinated NCD₹1250 Crore
BWR A4 : Sagar Steels Processing & Manufacturing Unit Short Term Bank Loan ₹5.00 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Long Term Debt₹7000 Crore (a mix of Secured NCD and Unsecured Subordinated NCD)
BWR D : Bedmutha Industries Ltd. Long Term Bank Loan ₹426.68 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Secured Non Convertible Debentures₹3000 Crore
BWR D : Bedmutha Industries Ltd. Short Term Bank Loan ₹214.30 Crore
BWR A1 + : Indiabulls Housing Finance Ltd. Commercial Paper₹3000 Crore
BWR B + : Kaveri Yarns & Fabrics Ltd. Long Term Bank Loan ₹16.86 Crore
BWR AA + : Indiabulls Housing Finance Ltd. Non Convertible Debentures₹2000 Crore
BWR BB - : PES Installations Pvt. Ltd. Long Term Bank Loan ₹8.10 Crore
BWR BB : Texcel Engineers Pvt. Ltd. Long Term Bank Loan ₹16.24 Crore
BWR A4 : PES Installations Pvt. Ltd. Short Term Bank Loan ₹20.35 Crore
BWR A4 : Texcel Engineers Pvt. Ltd. Short Term Bank Loan ₹44.00 Crore
BWR BB - : Vishnu Carriers Pvt. Ltd. Long Term Bank Loan ₹9.00 Crore
BWR B + : Paratech Constructions Pvt. Ltd. Long Term Bank Loan ₹7.50 Crore
BWR A4 : Vishnu Carriers Pvt. Ltd. Short Term Bank Loan ₹3.00 Crore
BWR A4 : Paratech Constructions Pvt. Ltd. Short Term Bank Loan ₹4.00 Crore
BWR AA (CE) : Patanjali Ayurved Ltd Non Convertible Debentures₹175 Crore
BWR BBB - : Aditya Academy Long Term Bank Loan ₹11.50 Crore
BWR AA (CE) : Patanjali Ayurved Ltd Non Convertible Debentures₹300 Crore
BWR D : Sri Lakshmi Srinivasa Jute Mills Ltd. (SLSJML) Long Term Bank Loan ₹132.39 Crore
BWR B + : Sagar Steels Long Term Bank Loan ₹60.00 Crore
BWR B + : Freelook Fashions Long Term Bank Loan ₹5.46 Crore
BWR B - : Sri Jayalakshmi Automotives Pvt Ltd Long Term Bank Loan ₹172.68 Crore
BWR A4 : Freelook Fashions Short Term Bank Loan ₹10.00 Crore
BWR BB : Smriti Products Pvt. Ltd Long Term Bank Loan ₹34.23 Crore
BWR AAA : National Highways Authority of India Tax Free Bonds₹3698.40 Crore
BWR A4 : Smriti Products Pvt. Ltd Short Term Bank Loan ₹5.00 Crore
BWR D : Sri Varahiamman Steels Pvt. Ltd. Long Term Bank Loan ₹13.36 Crore
BWR B + : Vinod Denim Ltd. Long Term Bank Loan ₹32.12 Crore
BWR D : Sri Varahiamman Steels Pvt. Ltd. Short Term Bank Loan ₹9.50 Crore
BWR A4 : Vinod Denim Ltd. Short Term Bank Loan ₹0.50 Crore
BWR BBB - : Gem Sugars Limited Long Term Bank Loan ₹179.70 Crore
BWR A - : DB Power Ltd Long Term Bank Loan ₹7691.90 Crore
BWR A3 : Gem Sugars Limited Short Term Bank Loan ₹105.13 Crore
BWR B - : K Moideen Kutty Haji Long Term Bank Loan ₹7.00 Crore
BWR D : Hi Tech Leather Garments Bangalore Pvt. Ltd. Long Term Bank Loan ₹10.17 Crore
BWR A4 : K Moideen Kutty Haji Short Term Bank Loan ₹10.00 Crore
BWR D : Hi Tech Leather Garments Bangalore Pvt. Ltd. Short Term Bank Loan ₹8.00 Crore
BWR A - : ST Cottex Exports Private Limited Long Term Bank Loan ₹230.27 Crore
BWR B + : D Gem Mount Long Term Bank Loan ₹5.00 Crore
BWR A2 + : ST Cottex Exports Private Limited Short Term Bank Loan ₹20.00 Crore
BWR D : Sri Sai Sapthagiri Sponge Pvt. Ltd. Long Term Bank Loan ₹8.98 Crore
BWR B - : Siri Ganesh Rice & Oil Mills Long Term Bank Loan ₹12.50 Crore
BWR D : Sura Leathers Pvt. Ltd. Long Term Bank Loan ₹1.30 Crore
BWR BB : Hubli Electricity Supply Company Limited Long Term Bank Loan ₹1743.91 Crore
BWR D : Sura Leathers Pvt. Ltd. Short Term Bank Loan ₹24.50 Crore
BWR A4 : Hubli Electricity Supply Company Limited Short Term Bank Loan ₹150 Crore
BWR D : Perfect Ply Industries Pvt. Ltd. Long Term Bank Loan ₹7.10 Crore
BWR D : Lord Shiva Construction Company Private Limited Long Term Bank Loan ₹13.50 Crore
BWR D : Perfect Ply Industries Pvt. Ltd. Short Term Bank Loan ₹2.50 Crore
BWR D : Lord Shiva Construction Company Private Limited Short Term Bank Loan ₹12.00 Crore
BWR C : Hotel JK International Long Term Bank Loan ₹5.33 Crore
BWR BBB - : Accord Distillers & Brewers Pvt. Ltd(Formerly known as AM Breweries Pvt Ltd) Long Term Bank Loan ₹100.00 Crore
BWR B - : Idyllic Resorts Pvt. Ltd. Long Term Bank Loan ₹1.50 Crore
BWR A3 : Accord Distillers & Brewers Pvt. Ltd(Formerly known as AM Breweries Pvt Ltd) Short Term Bank Loan ₹20.00 Crore
BWR A4 : Idyllic Resorts Pvt. Ltd. Short Term Bank Loan ₹15.81 Crore
BWR BB + : Adoratex Long Term Bank Loan ₹11.00 Crore
BWR BB - : Micron Precision Screws Ltd. Long Term Bank Loan ₹19.31 Crore
BWR A4 + : Adoratex Short Term Bank Loan ₹25.85 Crore
BWR A4 : Micron Precision Screws Ltd. Short Term Bank Loan ₹10.00 Crore
: Accutech Enterprises Long Term Bank Loan
BWR C + : National Extrusion Long Term Bank Loan ₹12.00 Crore
: Accutech Enterprises Short Term Bank Loan
BWR A4 : National Extrusion Short Term (Rs.12 Cr is the sub limit) Bank Loan
BWR B + : Shri Laxmibadri Agro Foods Pvt. Ltd. Long Term Bank Loan ₹14.42 Crore
BWR B - : Gumbi Software Pvt. Ltd. Long Term Bank Loan ₹14.09 Crore
BWR BB - : Babul Nath Long Term Bank Loan ₹11.24 Crore
BWR A4 : Gumbi Software Pvt. Ltd. Short Term Bank Loan ₹14.00 Crore
BWR A4 : Babul Nath Short Term Bank Loan ₹12.00 Crore
BWR BB - : EMC Super Speciality Hospitals Pvt. Ltd Long Term Bank Loan ₹29.53 Crore
BWR D : Karavali Ocean Products Pvt Ltd Short Term Bank Loan ₹20 Crore
BWR D : Amruth Industries Long Term Bank Loan ₹5.32 Crore
BWR B + : Harisons Automobiles Long Term Bank Loan ₹29.99 Crore
BWR D : Amruth Industries Short Term Bank Loan ₹0.07 Crore
BWR B + : SLN Coffee and Spices Exports Pvt Ltd Long Term Bank Loan ₹20.00 Crore
BWR B : Kosmo Plastic Exports Pvt Ltd Long Term Bank Loan ₹18.20 Crore
BWR A4 : SLN Coffee and Spices Exports Pvt Ltd Short Term Bank Loan ₹42.00 Crore
BWR A4 : Kosmo Plastic Exports Pvt Ltd Short Term Bank Loan ₹4.55 Crore
BWR B + : Satnam Global Infraprojects Limited Long Term Bank Loan ₹16.00 Crore
BWR B + : Vishal Surgical Equipment Company Long Term Bank Loan ₹8.00 Crore
BWR A4 : Satnam Global Infraprojects Limited Short Term Bank Loan ₹55.00 Crore
BWR A4 : Vishal Surgical Equipment Company Short Term Bank Loan ₹7.00 Crore
BWR C : Shree Shyam Ji Rice Mill Long Term Bank Loan ₹5.50 Crore
BWR BB : Pioneer Fabricators Pvt. Ltd Long Term Bank Loan ₹20.00 Crore
BWR B - : Muzaffar Ahmed Mantoo Long Term Bank Loan ₹4.53 Crore
BWR A4 : Pioneer Fabricators Pvt. Ltd Short Term Bank Loan ₹43.00 Crore
BWR B + : CP Exports Long Term Bank Loan ₹22.77 Crore
BWR B - : Taneja Overseas Long Term Bank Loan ₹8.60 Crore
: CP Exports Short Term Bank Loan ₹5.81 Crore
BWR B : Sant Baba Bhagh Singh Memorial Charitable Society Long Term Bank Loan ₹11.25 Crore
BWR B + : Kama Metal & Alloys Pvt. Ltd. Long Term Bank Loan ₹9.47 Crore
BWR D : The Safire Offset Printers Long Term Bank Loan ₹15.14 Crore
BWR A4 : Kama Metal & Alloys Pvt. Ltd. Short Term Bank Loan ₹1.00 Crore
BWR D : The Safire Offset Printers Short Term Bank Loan ₹0.50 Crore
BWR B + : Mudrakshi Hytech India Pvt. Ltd. Long Term Bank Loan ₹13.00 Crore
BWR B - : Hariyappa Bukkappa Granaries Pvt Ltd Long Term Bank Loan ₹8.10 Crore
BWR A4 : Mudrakshi Hytech India Pvt. Ltd. Short Term Bank Loan ₹12.00 Crore
BWR BB + : Kanakia Hotels & Resorts Pvt. Ltd Long Term Bank Loan ₹311.20 Crore
BWR D : MAP Refoils India Ltd. Long Term Bank Loan ₹125.50 Crore
BWR A4 + : Kanakia Hotels & Resorts Pvt. Ltd Short Term Bank Loan ₹30.00 Crore
BWR D : MAP Refoils India Ltd. Short Term Bank Loan ₹86.50 Crore
BWR BB - : NM FoodImpex Pvt. Ltd. Long Term Bank Loan ₹2.12 Crore
BWR B + : India Radio Ventures Pvt. Ltd. Long Term Bank Loan ₹22.70 Crore
BWR A4 : NM FoodImpex Pvt. Ltd. Short Term Bank Loan ₹12.50 Crore
BWR A4 : India Radio Ventures Pvt. Ltd. Short Term Bank Loan ₹3.40 Crore
BWR BBB + : Mash Agro Foods Ltd Long Term Bank Loan ₹126.73 Crore
BWR B : Six Sigma Ready Mix Concrete Pvt. Ltd. Long Term Bank Loan ₹11.45 Crore
BWR B : Shrinath Cotfab Long Term Bank Loan ₹24.00 Crore
BWR BBB + : KIFS Housing Finance Ltd. Non Convertible Debentures₹35 Crore
BWR A4 : Shrinath Cotfab Short Term Bank Loan ₹1.50 Crore
Provisional BWR B - : Nirgun Promoters Pvt. Ltd. Proposed Non Convertible Debentures₹165 Crore
BWR B + : Sri Siddhartha Academy of Higher Education Long Term Bank Loan ₹65.53 Crore
BWR B + : Sri Siddhartha Academy of Higher Education Long Term Bank Loan ₹60 Crore
BWR C - : JK Powers Long Term Bank Loan ₹1.00 Crore
BWR A4 : JK Powers Short Term Bank Loan ₹4.75 Crore
BWR C + : Britto Timbers (P) Ltd. Long Term Bank Loan ₹2.25 Crore
BWR A4 : Britto Timbers (P) Ltd. Short Term Bank Loan ₹16.00 Crore
BWR BB - : Aakriti Super Snacks Pvt. Ltd. Long Term Bank Loan ₹25.81 Crore
BWR A4 : Aakriti Super Snacks Pvt. Ltd. Short Term Bank Loan ₹0.35 Crore
BWR BB - : Lion Fabrics Private Limited Long Term Bank Loan ₹90.87 Crore
BWR B : Shri Gee Agro Foods Long Term Bank Loan ₹20.00 Crore
BWR A4 : Shri Gee Agro Foods Short Term (Rs.1 Cr is the sub limit) Bank Loan
BWR B : Venkateshwara Spintex Private Limited Long Term Bank Loan ₹27.23 Crore
BWR D : Rayban Foods Pvt. Ltd. Long Term Bank Loan ₹30.00 Crore
BWR D : Rayban Foods Pvt. Ltd. Short Term (Rs.7.50 Cr is the sub limit) Bank Loan
BWR B : Deivajothi Textiles Long Term Bank Loan ₹7.99 Crore
BWR A4 : Deivajothi Textiles Short Term Bank Loan ₹1.50 Crore
BWR C + : G.Parandhamaiah & Co Cotton Ginning Mills Long Term Bank Loan ₹8.00 Crore
BWR B - : Bhagwat Shanti Jewellers LLP Long Term Bank Loan ₹14.00 Crore
BWR A4 : Bhagwat Shanti Jewellers LLP Short Term Bank Loan ₹1.00 Crore
BWR B : R.R. Developers Long Term Bank Loan ₹10.00 Crore
BWR B : Elroy Supercars Pvt. Ltd. Long Term Bank Loan ₹45.30 Crore
BWR B : Globe Denwash Pvt. Ltd. Long Term Bank Loan ₹39 Crore
BWR B + : Om Auto Pvt. Ltd. Long Term Bank Loan ₹8.78 Crore
BWR A (CE) : Manba Finance Ltd. Long Term Bank Loan ₹11.72 Crore
BWR BBB + : Manba Finance Ltd. Non Convertible Debentures₹10 Crore
BWR BBB + : Manba Finance Ltd. Non Convertible Debentures₹7.50 Crore
BWR A (CE) : Manba Finance Ltd. Long Term Bank Loan ₹6.54 Crore
BWR BBB + : NTC Logistics India Pvt. Ltd. Long Term Bank Loan ₹132.36 Crore
BWR A2 : NTC Logistics India Pvt. Ltd. Short Term Bank Loan ₹80.50 Crore
BWR D : Godawari Traders Long Term Bank Loan ₹8.00 Crore
BWR BB - : Godaavari Labs Pvt. Ltd. Long Term Bank Loan ₹29 Crore
BWR B : Pskarun Tex Pvt. Ltd. Long Term Bank Loan ₹21.80 Crore
BWR BB + : North Eastern Carrying Corporation Ltd. Long Term Bank Loan ₹69.00 Crore
BWR A4 + : North Eastern Carrying Corporation Ltd. Short Term Bank Loan ₹1.00 Crore
BWR A : IKF Home Finance Ltd. Non Convertible Debentures₹25 Crore
: Sri Satyam Ispat Industries India Pvt. Ltd. Long Term Bank Loan
: Sri Satyam Ispat Industries India Pvt. Ltd. Short Term Bank Loan
BWR A3 : Glassco Laboratory Equipments Pvt. Ltd. Short Term Bank Loan ₹16.03 Crore
BWR B + : R.K. Exports (Karur) Pvt. Ltd. Long Term Bank Loan ₹5.61 Crore
BWR A4 : R.K. Exports (Karur) Pvt. Ltd. Short Term Bank Loan ₹15.00 Crore
BWR BB - : Autotech Nonwovens Pvt. Ltd. Long Term Bank Loan ₹26.27 Crore
BWR A4 : Autotech Nonwovens Pvt. Ltd. Short Term Bank Loan ₹4.50 Crore
Brickwork Ratings IN MEDIA

Brickwork Ratings, a SEBI registered Credit Rating Agency, has also been accredited by RBI , offers Rating Services On Bank Loans, NCDS, Fixed Deposits,Securitised Products,Security Receipts etc. Brickwork has its corporate office in Bengaluru and a country-wide presence with its offices in Ahmedabad, Chandigarh, Chennai, 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.