The world's fourth largest and India's most influential rating agency, Credit Rating and Information Services of India Ltd (CRISIL) in association with National Small Industries Corporation (NSIC) has conferred a high performance and moderate financial strength rating to Cyfuture India Private Ltd, a leading BPO and IT services provider based out of Jaipur and Noida. The 'SE 2B' rating by NSIC-CRISIL reflects two components of a company: Performance Capability and Financial Strength.
Cyfuture is an integrated IT solutions company that develops web based software products and enterprise solutions. Also, certified as a Microsoft Gold Partner, the company was established in 2003 with a mission to set the standards as the recognized global leader and premier provider of business management knowledge and information technology services. Recently, the company has also bagged the latest ISO 9001:2008 certification.
"Credit Rating is an indicator of your performance capability and financial strength. On being rated by CRISIL, any company can get an edge with foreign partners, new customers, suppliers and other stakeholders. Indeed this rating will also help us fetch better partnerships and joint ventures in future" said Anuj Bairathi, CEO of Cyfuture.
The rapid growth in the Small and Medium Enterprises (SME) sector has played a vital role in driving the nation's economic growth. However, authentic and independent credit research in this sector has been very rare. With many private and public sector banks directing resources and their focus towards SME lending, the need has arisen for independent credit opinions. CRISIL offers its rating services to SMEs to meet this need. SME ratings are offered on an exclusive rating scale, distinct from regular ratings offered to large corporations, banks and government entities.