ICRA Limited has reaffirmed and enhanced the long-term credit rating for Kaynes Technology India Limited. The rating has been reaffirmed at [ICRA] A- (Positive) for the company’s long-term fund-based cash credit facilities. The enhanced amount rating applies to the long-term fund-based cash credit, with a total rated amount of ₹780.00 crore. This rating action reflects ICRA’s assessment of Kaynes Technology’s creditworthiness.
ICRA Rating Action
ICRA Limited has announced its credit rating decision regarding Kaynes Technology India Limited, as communicated in a letter dated January 30, 2026. The rating for the long-term fund-based cash credit has been reaffirmed and assigned for an enhanced amount.
Key Rating Details
The specific rating assigned to the long-term fund-based cash credit is [ICRA] A- (Positive). This rating applies to a total amount of ₹780.00 crore. The rating action indicates ICRA’s view on the credit risk associated with Kaynes Technology’s ability to meet its long-term financial obligations.
Bank Facilities
The ₹780.00 crore facilities are distributed across multiple banks, including:
- Canara Bank: ₹90.00 crore
- State Bank of India: ₹85.00 crore
- HDFC Bank Limited: ₹225.00 crore
- Federal Bank: ₹100.00 crore
- ICICI Bank: ₹75.00 crore
- HSBC Bank: ₹75.00 crore
- Axis Bank Limited: ₹130.00 crore
Source: BSE
