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Engaged Employer
ICRA

3.3
based on 250 Reviews

Video summary
Company Overview
Associated Companies
Company Locations
Working at ICRA
Company Summary
ICRA rates debt instruments issued by corporate entities, commercial banks, non-banking finance companies, financial institutions, public sector undertakings and municipalities, among others.
Overall Rating
3.3/5
based on 250 reviews

13% below
industry average

Critically rated for
Promotions, Salary, Company culture
Work Policy

Hybrid
73% employees reported

Monday to Friday
93% employees reported

Flexible timing
52% employees reported

No travel
56% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
25 employees reported
Job/Soft skill training
15 employees reported
Cafeteria
11 employees reported
Office cab/shuttle
6 employees reported
View all benefits
About ICRA
Founded in1991 (34 yrs old)
India Employee Count201-500
Global Employee Count501-1k
India HeadquartersGurgaon/Gurugram, Haryana, India
Office Locations
--
Websiteicra.in
Primary Industry
Other Industries

View in video summary
ICRA Limited was set up in 1991 as a full-service Credit Rating Agency by leading Indian financial/investment institutions, commercial banks and financial services companies as an independent and professional investment information and credit rating agency.
ICRA Ratings
based on 250 reviews
Overall Rating
3.3/5
How AmbitionBox ratings work?
5
56
4
83
3
54
2
29
1
28
Category Ratings
3.6
Job security
3.4
Work-life balance
3.2
Skill development
3.1
Work satisfaction
3.0
Company culture
3.0
Salary
2.7
Promotions
ICRA is rated 3.3 out of 5 stars on AmbitionBox, based on 250 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at ICRA
based on 229 reviews
3.2
Rated by 68 Women
Rated 3.7 for Job security and 3.3 for Work-life balance
3.4
Rated by 161 Men
Rated 3.5 for Job security and 3.4 for Work-life balance
Work Policy at ICRA
based on 19 reviews in last 6 months
Hybrid
73%
Work from office
27%
ICRA Reviews
Top mentions in ICRA Reviews
+ 5 more
Compare ICRA with Similar Companies
![]() | ![]() Change Company | ![]() Change Company | ![]() Change Company | |
---|---|---|---|---|
Overall Rating | 3.3/5 based on 250 reviews | 3.6/5 based on 1.6k reviews | 3.0/5 based on 280 reviews | 3.7/5 based on 132 reviews |
Highly Rated for | ![]() No highly rated category | Job security | ![]() No highly rated category | Work-life balance |
Critically Rated for | Promotions Salary Company culture | Salary Promotions | Promotions Salary Company culture | Promotions |
Primary Work Policy | Hybrid 73% employees reported | Hybrid 79% employees reported | Hybrid 50% employees reported | Work from office 50% employees reported |
Rating by Women Employees | 3.2 Average rated by 68 women | 3.7 Good rated by 462 women | 2.9 Poor rated by 75 women | 3.8 Good rated by 34 women |
Rating by Men Employees | 3.4 Average rated by 161 men | 3.6 Good rated by 1k men | 3.1 Average rated by 192 men | 3.7 Good rated by 90 men |
Job security | 3.6 Good | 3.8 Good | 3.2 Average | 3.4 Average |
View more
ICRA Salaries
ICRA salaries have received with an average score of 3.0 out of 5 by 250 employees.
Senior Associate Analyst
(208 salaries)
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₹3.4 L/yr - ₹12.5 L/yr
Senior Analyst
(147 salaries)
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₹10 L/yr - ₹34 L/yr
Analyst
(111 salaries)
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₹6 L/yr - ₹21.8 L/yr
Assistant Vice President
(75 salaries)
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₹24 L/yr - ₹51 L/yr
Lead Analyst
(42 salaries)
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₹3.6 L/yr - ₹6.7 L/yr
Support Analyst
(41 salaries)
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₹2 L/yr - ₹4.2 L/yr
Deputy Manager
(36 salaries)
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₹4 L/yr - ₹12 L/yr
Business Development Manager
(33 salaries)
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₹8 L/yr - ₹16.5 L/yr
Process Associate
(31 salaries)
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₹3 L/yr - ₹3.7 L/yr
Associate Analyst
(31 salaries)
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₹2.3 L/yr - ₹11.7 L/yr
ICRA Interview Questions
Interview questions by designation
Top ICRA interview questions and answers
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ICRA Jobs
Popular Designations ICRA Hires for
Analyst
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Financial Analyst
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Senior Manager
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Senior Group Manager
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Analytical
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Business Development Professional
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ICRA News
View all
DTH, MSO companies set to see impact of shift to streaming platforms, DD Free Dish: ICRA
- DTH and MSO companies are expected to face the impact of the shift to streaming platforms and DD Free Dish, according to ICRA.
- The decline in subscriber base will be partially offset by a higher average revenue per user (ARPU), which is expected to increase by 1-3% in FY26.
- Bundling traditional TV content with over-the-top (OTT) and broadband services, as well as offering premium content like HD, 4K, and live events, could support growth in ARPU.
- However, increased content acquisition costs and ongoing capex/opex for network expansion and maintenance may continue to compress margins for pay TV operators.
HinduBusinessLine | 5 Mar, 2025

Gensol Engineering plunges on rating downgrades, promoters stake sale
- Gensol Engineering's rating has been downgraded to ICRA D for a total rated amount of ₹2,050 crore, citing concerns about corporate governance and liquidity position.
- The stock price of Gensol Engineering plunged by 20% on Tuesday and 10% on Wednesday following the rating downgrade.
- Promoters of Gensol Engineering have been selling their shares in the market and continuously pledging their holdings with financial institutions.
- ICRA and CARE have downgraded the ratings of Gensol Engineering due to delays in debt servicing and concerns over financial flexibility and liquidity management.
HinduBusinessLine | 5 Mar, 2025

ICRA Sees India GDP Growth At 6.4% In December Quarter
- ICRA Ltd projected India's GDP to grow 6.4% in the December quarter on account of enhanced government spending amid uneven consumption.
- The Indian economy grew at 6.7% in April-June, but it slowed to a seven-quarter low of 5.4% in September quarter.
- Some consumer-focused sectors saw a pick-up during the festive season, even as urban consumer sentiment dipped slightly.
- ICRA has projected the economy to grow at 6.4% in the third quarter from 5.4% in the second quarter, benefitting from enhanced government spending amid uneven consumption.
Bloomberg Quint | 19 Feb, 2025
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Economy Expected To Grow 6.4% In Q3, Says ICRA
- ICRA Ltd. expects India's economy to grow 6.4% in the December quarter on enhanced government spending.
- The Indian gross domestic product grew at 6.7% in April–June. However, in the September quarter, it dipped to a seven-quarter low of 5.4%.
- India's economic performance in the third quarter of financial year 2024–25 benefited from a sharp ramp-up in aggregate government spending and a turnaround in exports.
- The National Statistical Office will release the October–December growth estimates on Feb. 28.
Bloomberg Quint | 18 Feb, 2025

HDFC Life issues ₹1,000 crore in subordinated debt debentures
- HDFC Life Insurance Company has issued ₹1,000 crore in subordinated debt debentures.
- The debentures have a fixed coupon rate of 8.10% per annum and will mature on February 14, 2035.
- ICRA Limited and CARE Ratings Limited have assigned a rating of 'AAA (Stable)' to the issue.
- The debentures are listed on the Wholesale Debt Market segment of the National Stock Exchange of India and are issued in compliance with IRDAI regulations.
HinduBusinessLine | 14 Feb, 2025

RBI MPC Likely To Open Door To Further Rate Cuts As Food Prices Ease, Say Economists
- With retail inflation easing to 4.31% in January, economists believe the RBI MPC has room to implement further rate cuts to support economic growth.
- Economists from Bank of Baroda and ICRA suggest that the RBI MPC may implement another rate cut in April or June 2025, depending on inflation trends and global developments.
- High-frequency price data for February 2025 continues to show softening in key vegetable prices, with the downward trend persisting at a steeper pace.
- The growth-inflation outlook suggests room for another 25-basis-point rate cut in either the April or June 2025 meetings, according to economists.
Bloomberg Quint | 12 Feb, 2025

Q3 Results Highlights: Apollo Hospitals, Eureka Forbes lead Q3 profit surge; Bata, Eicher Motors lag behind
- Bata India's net profit for Q3FY25 was at INR 57.97 crores, and revenue from operations was INR 918.79 crores.
- GSFC announced a net profit of INR 150.90 crores in Q3FY25, and total income rose sharply to INR 2,811 crores.
- Eicher Motors stated a rise in Q3FY25 revenue from operations at INR 4,973 crores from INR 4,179 crore in Q3FY24.
- Gillette India's revenue increased to INR 685.55 crores, while expenses surged by 4% to INR 527.60 crores during Q3FY25.
- Nykaa's Q3 net profit surged 51% and the managing director attributed such performance to the company's growth strategy.
- Eureka Forbes' revenue was INR 342.6 crores, and EBITDA was INR 57.2 crores against INR 37.6 crores in the corresponding quarter.
- ICRA's profit after tax for Q3FY25 stood at INR 32.41 crores, with total income growing to INR 139.72 crores.
- Kirloskar Industries Ltd. suffered a decline of 3.96% and announced the allotment of 1,780 equity shares.
- The revenue, EBITDA, and net profit expected for different companies in the upcoming quarters were announced, including Bata, Apollo Hospital, and Patanjali Foods Ltd.
- Bata, Eicher Motors, and Gillette India lagged behind, while Apollo Hospitals and Eureka Forbes lead Q3 profit surge.
HinduBusinessLine | 10 Feb, 2025

RBI allows SEBI registered non-bank brokers to access NDS-OM
- The Reserve Bank of India (RBI) has allowed SEBI registered non-bank brokers to directly access NDS-OM, a trading platform for government securities.
- This move is aimed at widening access and bridging the gap between small investors and government bonds.
- It is expected to lead to more active trading, better price discovery, and enhanced ease of exit for retail investors.
- ICRA Ratings anticipates greater interest from retail investors in government securities with this improved liquidity.
HinduBusinessLine | 7 Feb, 2025

ICRA upgrades WeWork credit rating on debt repayment
- ICRA has upgraded WeWork's credit rating on debt repayment.
- The upgrade is based on the infusion of fresh capital of ₹501 crore and the redemption of non-convertible debentures.
- WeWork is expected to see a growth in revenues and improvement in debt protection metrics.
- The company has a large and diversified presence in key markets and focuses on operational excellence.
HinduBusinessLine | 25 Jan, 2025

ICRA raises FY25 securitisation volume estimate by ₹30,000 cr to ₹2.4 lakh cr
- ICRA has raised its estimate for securitisation volume in FY25 by ₹30,000 crore to ₹2.4 lakh crore.
- Large private sector banks selling part of their loan portfolio through securitisation has driven the growth volumes.
- Securitisation volumes for the first nine months of FY25 were estimated at ₹1.8 lakh crore, a growth of ₹40,000 crore compared to the same period last year.
- Securitisation enables banks to improve their credit-to-deposit ratio and provides an alternate funding means for banks and NBFCs.
HinduBusinessLine | 6 Jan, 2025

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ICRA Analytics
3.4
• 248 reviews
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ICRA Offices
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ICRA FAQs
When was ICRA founded?
ICRA was founded in 1991. The company has been operating for 34 years primarily in the Financial Services sector.
Where is the ICRA headquarters located?
ICRA is headquartered in Gurgaon/Gurugram, Haryana.
How many employees does ICRA have in India?
ICRA currently has more than 300+ employees in India. Finance & Accounting department appears to have the highest employee count in ICRA based on the number of reviews submitted on AmbitionBox.
Does ICRA have good work-life balance?
ICRA has a work-life balance rating of 3.4 out of 5 based on 200+ employee reviews on AmbitionBox. 44% employees rated ICRA 3 or below, while 56% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read ICRA work-life balance reviews for more details
Is ICRA good for career growth?
Career growth at ICRA is rated as poor, with a promotions and appraisal rating of 2.7. 44% employees rated ICRA 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading ICRA promotions/appraisals reviews for more detailed insights.
What are the cons of working in ICRA?
Working at ICRA does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, salary & benefits and company culture, based on 200+ employee reviews on AmbitionBox.
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