CRISIL Ltd. is a global analytical company that provides ratings, research, and risk and policy advisory services. It operates through the following segments: Ratings, Research, and Advisory. The Ratings segment includes credit ratings for corporates, banks, small and medium enterprises, training in the credit rating field, credit analysis services, grading services and global analytical services. The Research segment includes high end equity research, industry reports, customised research assignments, subscription to data services and IPO gradings. The Advisory segment comprising of infrastructure and risk solution business showed marginal growth despite a challenging economic environment. The company was founded on January 29, 1987 and is headquartered in Mumbai, India.