Who we are, a wholly-owned subsidiary of Acuité Ratings & Research Limited, is India’s first ESG rating company with an India specific assessment framework. Acuité Ratings & Research is a bond and bank loan rating agency accredited by RBI and registered with SEBI.

The global risk landscape is changing. In the coming decades, Indian businesses will increasingly face environmental, social and governance risks. Businesses will have to discover new ways to reduce their environmental footprint and be more efficient and responsible with the use of water, energy and other natural resources. They will also have to integrate cost pertaining to their environmental impact into their product pricing as well as deal with the expectations of various stakeholders in terms of transparency, disclosures and business ethics. Social responsibility too will take a new dimension with automation and technology obsolescence, especially in an economy already burdened with low per capita income and lack of quality employment.

These aspects, in absence of risk management and mitigation mechanism, will aggravate the credit risk for lenders and make returns from investment more uncertain. Simple ESG compliance may not be sufficient to improve companies’ profitability.

This is where an independent, unbiased, forward-looking and nuanced ESG rating system can help corporates with measuring their own performance and relative performance among their industry peers. It enables them in identifying weaknesses and opportunities and strengthening their competitive advantage. An ESG rating system also provides policymakers and lenders with a mechanism to reward high performing companies and helps investors in identifying sustainable business opportunities. aims to be the most preferred provider of ESG Ratings of Indian companies and strives to lead and facilitate the ESG revolution about to sweep the country.

Our Differentiators

Extensive Company Datasets Available for Validation

Our assessments are based on comprehensive data that provides all relevant inputs to our assessment model. The data is available for validation by the respective companies

Comprehensive Risk Assessment

We have developed a risk assessment framework and an electronic platform to apply the methodology


Our analysts are trained specifically for ESG risk assessments and they compare the company scores with industry peers and the universe of companies under’s coverage, to assess relative performance and assign the rating


Maintain the ratings by updating data with new disclosures, monitoring negative news and corporate events


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Sankar Chakraborti

Non – Executive Chairman,

MD & CEO, Acuite

Sankar Chakraborti has more than two and a half decades of experience in developing and selling data, analytics, risk management, credit ratings and financial research solutions. He is a member of FICCI’s Capital Markets Committee and the Executive Committee of Maharashtra State Council. He is also a member of IBA’s Standing Committee on MSMEs. Mr Chakraborti holds a master’s in business management and has a bachelor’s degree with a physics major.


Prosenjit Ghosh

Non-Executive Director

Prosenjit Ghosh is spearheading the growth agenda of the subsidiaries – and SMERA and expand Acuité Group’s footprint in new ventures and geographies. He has over two decades of rich experience in driving consultative sales in areas of research, data, analytics, bespoke solutions, and has implemented various productivity strategies and steered innovative product developments. Prior to joining Acuité, he worked as Director – Key Accounts at CRISIL, and was leading the agenda of increasing wallet share and deepening penetration of the agency across large strategic clients in the financial sector. Mr. Ghosh holds MBA degree from Jadavpur University and has a Bachelor’s degree with Physics major, from Calcutta University.

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Hitesh Khona

Non-Executive Director

Hitesh Khona is a qualified chartered accountant with 16 years of experience spanning finance and accounting, corporate strategy and planning, taxation, fundraising and banking operations. He has been associated with various organizations in the real estate, automobile manufacturing, IT and pharmaceutical sectors.


Manish Kumar

Independent Director

Mr. Manish Kumar has an overall experience of three decades during which he has served in the Indian Administrative Service for 20 years, at the World Bank for about 9 years and in the United Nations (UNICEF) for 1 year. At present he is a Senior Consultant at The World Bank Group where he leverages his academic credentials and professional experience to provide strategic guidance and technical support on public-private partnerships, skill development and economic development projects across the globe. Mr. Kumar holds a Bachelor’s degree in Technology from IIT (ISM), Dhanbad; Master’s in Public Administration (Mason Fellow) from Harvard University, USA, and PhD in Public Policy (Graduate Scholarship) from The George Washington University, Washington DC, USA.

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Shailly Kedia

Independent Director

Ms. Shailly Kedia is a multidisciplinary research professional with over 18 years of experience in policy research, outreach and capacity building. At present she is working as a Senior Fellow & Associate Director at The Energy and Resources Institute (TERI) where she leads research projects on integrating sustainable development in policy mainly focussing on green budgeting, climate finance, climate negotiations energy transitions and responsible consumption and production. Ms. Kedia holds a Bachelor’s degree in Engineering from the National Institute of Technology, Surat, Master of Business Administration from the University of Stirling, Scotland and a doctoral degree from Jawaharlal Nehru University, New Delhi.

Leadership Team draws upon Acuité Group’s experience in the Indian market accumulated over the last 15 years through ratings of 9500+ companies in bond rating scale and a total of 50,000+ SMEs. is part of the Acuité Group company. The Acuité Group – established in 2005 – comprises of Acuité Ratings & Research, SMERA Ratings Private Limited and Acuité Ratings & Research is a reputed SEBI registered and RBI accredited rating agency specializing in bank loan and bond ratings. SMERA, approved and incorporated by the Ministry of MSME and Government of India, is a pioneer in providing rating and grading services to SME in India. Acuité Group’s major shareholders are SIDBI, Dun & Bradstreet, ICICI Bank, SBI and other leading Indian public sector banks.