Pipal Research, is a division of Irevna Limited, a subsidiary of CRISIL (BOM:500092), India's leading ratings, research, risk and policy advisory company.

CRISIL offers domestic and international customers a unique combination of local insights and global perspectives by delivering independent information, opinions and solutions. This helps clients make better informed business and investment decisions, improve the efficiency of markets and market participants, and help shape infrastructure policy and projects. CRISIL's integrated capabilities includes credit ratings and risk assessment; research on India's economy, industries and companies; investment research outsourcing; fund services; risk management; and infrastructure advisory services.

CRISIL's majority shareholder is Standard & Poor’s, a subsidiary of The McGraw-Hill Companies (NYSE:MHP) and the world’s foremost provider of independent credit ratings. With offices in 23 countries and markets, Standard & Poor’s is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions.