General Nature of Compensation

Ind-Ra receives fees from issuers, insurers, guarantors, other obligors, and underwriters for rating securities.

In certain cases, Ind-Ra will rate all or a number of issues issued by a particular issuer, or insured or guaranteed by a particular insurer or guarantor, for a single annual fee.

Conflict of Interest in case of Accepted Ratings

Links to Ind-Ra various policies regarding Conflict of Interest are given below:
Ind-Ra Code of Conduct and other policies

Total revenue from ratings services and non-rating services

The total receipts from rating services and non-rating services for the financial year ended 31st March 2020 is Rs 1,366,756,019.

Issuer wise percentage share of non-rating income to the total revenue

Ind-Ra does not provide non-rating services to any issuer in India. The percentage share of other non-rating income to Total Revenue is 0.22%.

Issuers contributing more than 10% of Total Revenue

No Issuer is contributing more than 10% of India Rating's total revenue.