| Ratings and related services | Credit ratings for debt instruments, structured finance, ESG ratings, grading, issuer and instrument ratings across sectors. | Strong brand, regulatory accreditations (SEBI, RBI, IFSCA), diversified client base, advanced analytic capabilities. | B2B mainly corporates, banks, NBFCs, financial institutions, public sector entities, and government agencies. | Long-term credit ratings, sovereign and ESG ratings, structured finance. | 360 | 89 | Fees from rating assignments, surveillance, and advisory; mostly issuer-paid model. | Fee-for-service, subscription for research products; rating fees based on instrument size and complexity. | Capital market activity, regulatory compliance needs for ratings, expansion in ESG and sovereign rating services. | CARE Ratings, CareEdge Global, CARE Ratings Africa, CARE Ratings Nepal, CARE Ratings South Africa |
| Other services (Advisory, Analytics, ESG and Training) | Risk analytics, compliance consulting, ESG ratings, research reports, grading, executive training and advisory services. | Integrated analytics platform (EdgeAvira.ai), proprietary AI tools, niche market expertise in ESG and risk consulting. | Financial institutions, corporates, mutual funds, regulators, and government agencies. | ESG rating services, AI-based analytics, specialized advisory projects. | 42 | 11 | Consulting fees, subscription revenues, project-based engagements. | Project-based fees, subscriptions, retainer contracts. | Rising demand for ESG evaluations, credit risk tech solutions, regulatory mandates on sustainability disclosures. | CareEdge Analytics, CARE ESG Ratings, CARE Advisory & Research, CareEdge Training |
