CRISIL Limited CC-Mar25.pdf · 2025-05-06
Thank you for giving me the opportunity and congratulations on a strong operating performance in Q1 of CY '25? My first question is on GAC. Now, the kind of momentum that we have seen in GAC in the last 3-4 quarters, it broadly falls in line with the objective that we had revealed in the last April AGM that we want to take the engagement with S&P to a certain level in the next 4, 5 years. But if you can split the current direction that you are witnessing between rating support and non-rating support, so that we know how the growth is shaping up. And even within rating support, is it purely driven by higher volumes or more value addition there? And in non -rating support, which are the areas and opportunities that we are targeting within the whole S&P curve?
Okay. Sir, I belong to Yes Securities. Now, my second question is on the GR&RS erstwhile, and now, Crisil Integral IQ. So, sir, I mean, when I look at your commentary and your presentation also, you are still saying that clients are expanding in certain transformation areas. And so far, we haven't seen much of an impact of the geopolitical uncertainty as yet. So, I mean, if the macro were to turn around, say, positively, from maybe one, two, three quarters down the line, how are we positioning ourselves, maybe through investments being done in maybe sales or product offering, delivery capability. So that when the scenario turns around, we are able to gain wallet share, win new business, win new clients. And we can fully participate, more than commensurately participate in the growth in the coming year, say?