ICRA Limited — Board Meeting, 12-06-2025: Outcome of Board Meeting

ICRA has announced a board meeting to approve acquiring 100% of Bengaluru-based Fintellix India Pvt Ltd for USD 26 million (INR equivalent). Fintellix, with a turnover of INR 76.1 Cr in FY24, offers advanced risk and data analytics solutions for global financial firms. This acquisition will boost ICRA’s credit risk technology suite, enhancing its risk reporting capabilities. Fintellix will become a wholly owned subsidiary within three months, reinforcing ICRA’s leadership in risk tech.