Beginning

2005: SME Rating Agency of India Ltd incorporated. Operations inaugurated by the then Hon. Finance Minister.

2006: DFID (UK) assistance under World Bank’s SME Financing & Development Project.

Recognition

2010: Recognised by IFC as a novel, sustainable initiative to increase MSME credit flow.

2011: Initial Registration with SEBI.

Growth

2016: Permanent SEBI Registration.

2017: 50,000 ratings; launched SMERA Terminal.

Outcomes

2019: 8,000 Bond & Bank Loan Ratings.

2020: Launched ESG Risk Assessments & Insights — India’s first ESG Rating Company.