ICRA Limited — JV/Acquisition, 12-06-2025: Acquisition

ICRA has announced a board meeting on acquiring 100% stake in Fintellix India Private Limited for USD 26 million (approx. INR 208 Cr). Fintellix, a Bengaluru-based product firm specializing in risk and data analytics for global financial institutions, will boost ICRA’s credit risk and monitoring capabilities with advanced risk reporting tech. The acquisition enhances ICRA’s position in risk technology amid growing demand. Fintellix reported a turnover of INR 76.1 Cr in FY24 and will be a wholly owned subsidiary.