CRISIL Rating Limited has assigned a ‘CRISIL A/Watch Developing’ rating to the long-term bank facilities of Kaynes Technology India Limited, effective December 15, 2025. The rating reflects an emerging situation that could impact the company’s credit profile and is under continuous surveillance and review by CRISIL. The rating indicates an adequate degree of safety regarding timely servicing of debt obligations.
CRISIL Rating Update
Kaynes Technology India Limited has received a ‘CRISIL A/Watch Developing’ rating from CRISIL Ratings Limited for its long-term bank facilities, effective December 15, 2025.
Rating Details
The ‘CRISIL A/Watch Developing’ rating indicates that Kaynes Technology has an adequate degree of safety for timely servicing of debt obligations. However, the ‘Rating Watch with Developing Implications’ signifies that there are emerging factors which could positively or negatively impact the company’s credit profile.
Bank Facility Details
The total bank loan facilities rated amount to ₹770 Crore. The facilities and their respective amounts are as follows:
- The Federal Bank Limited: ₹100 Crore
- HDFC Bank Limited: ₹225 Crore
- Axis Bank Limited: ₹130 Crore
- State Bank of India: ₹75 Crore
- Canara Bank: ₹90 Crore
- ICICI Bank Limited: ₹75 Crore
- Hongkong & Shanghai Banking Co.: ₹75 Crore
Source: BSE