CRISIL , a leading global analytics company, has announced a strategic move to strengthen its position in the wealth management analytics sector. The company's board has approved the acquisition of McKinsey PriceMetrix Co., a Canadian wealth management software provider, for USD 38 million (approximately INR 335 crore) through its subsidiary Crisil Canada Inc.

Acquisition Details

PriceMetrix, founded in 2000 and headquartered in Toronto, is a prominent software solution provider for wealth management firms and their financial advisors. The company maintains a proprietary database covering $8 trillion in assets under management and 30 million investment accounts, offering benchmarking, pricing intelligence, and practice management solutions to its clients in Canada and the United States.

Financial Performance

PriceMetrix reported the following financial results:

The company has shown consistent growth, with revenues of INR 81.50 crores in 2022 and INR 89.90 crores in 2023.

Strategic Alignment

The acquisition aligns with CRISIL's strategy to become a leading player in the global benchmarking analytics market. PriceMetrix will be integrated with Crisil Coalition Greenwich (CCG), enhancing CRISIL's offerings across the wealth management value chain.

Amish Mehta, Managing Director & CEO of CRISIL, stated, "With this acquisition, CRISIL strengthens its position as a leading provider of benchmarking and analytics across financial services. PriceMetrix's proven expertise in wealth management and its rich data assets perfectly complement our existing offerings."

Transaction Details

• The acquisition will be made through Crisil Canada Inc., a wholly-owned subsidiary of Crisil Irevna UK Limited.
• Crisil Irevna UK Limited will invest up to USD 38.5 million into Crisil Canada Inc. to facilitate the acquisition and cover related expenses.
• The deal is expected to be completed within 180 days, subject to customary closing conditions.

Post-Acquisition Plans

Following the acquisition:

• PriceMetrix employees will transition to CRISIL.
• McKinsey will continue to use PriceMetrix insights for its client engagements.
• The integration is expected to deliver enhanced insights and create significant value for clients globally.

Additional Board Appointment

In a separate announcement, CRISIL's Board of Directors has approved the appointment of Mr. Dinesh Khara as an Independent Director for a five-year term, effective September 24, 2025, subject to shareholder approval. Mr. Khara, a career banker with nearly 40 years of experience, previously served as the Chairman of State Bank of India from October 2020 to August 2024.

This strategic acquisition and board appointment demonstrate CRISIL's commitment to expanding its expertise and leadership in the financial services analytics sector, particularly in wealth management benchmarking and insights.

CRISIL Limited, a leading global analytics company, has made a significant move to support its international operations by approving a line of credit for its wholly owned subsidiary in the United Kingdom. The company disclosed this development in a filing to the stock exchanges on September 9, 2025.

Credit Facility Details

CRISIL Limited has approved a line of credit of up to USD 30.00 million for Crisil Irevna UK Limited, its wholly owned subsidiary. This credit facility is designed to be flexible, allowing utilization in one or more tranches to support the subsidiary's general business needs and strategic initiatives.

Key Points of the Agreement

• Purpose: The credit line is intended to support Crisil Irevna UK Limited's general business needs and strategic initiatives.
• Loan Agreement Date: The loan agreement was signed on September 9, 2025.
• Nature of Transaction: The agreement is structured as an arm's length related party transaction.
• Current Loan Status: As of the announcement date, there are no outstanding loans from Crisil Irevna UK Limited.
• Security: No security is being provided for this credit line.
• Special Rights: The agreement does not include any special rights such as director appointment rights or share subscription preferences.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CRISIL Limited has provided detailed information as required by the regulatory guidelines, ensuring transparency in its dealings with its subsidiary.

Implications for CRISIL's International Operations

This credit facility underscores CRISIL's commitment to supporting its international operations, particularly in the United Kingdom. By providing financial backing to Crisil Irevna UK Limited, the parent company is positioning its subsidiary to pursue growth opportunities and strategic initiatives in the UK market.

The move reflects CRISIL's confidence in its UK operations and its strategy to strengthen its global presence. As a wholly owned subsidiary, Crisil Irevna UK Limited plays a crucial role in CRISIL's international business landscape, and this credit line is likely to enhance its operational flexibility and capacity for growth.

Investors and stakeholders will be keen to observe how this financial support translates into business expansion and potential revenue growth for CRISIL's UK operations in the coming months and years.