Arun Duggal appointed as non-executive Chairman of Credit rating agency ICRA

He will replace Pranab Kumar Choudhury who will resign from ICRA Limited and all other affiliated entities on 29 January 2015.

Created On: Dec 6, 2014 13:10 ISTModified On: Dec 6, 2014 17:47 IST

Credit Rating Agency ICRA Limited on 5 December 2014 appointed Arun Duggal as non-executive Chairman after he was elected unilaterally by the ICRA Board. Currently, Arun Duggal is serving as an independent director on the Board of ICRA Ltd.

He will replace Pranab Kumar Choudhury who will resign from ICRA Limited and all other affiliated entities on 29 January 2015. He has been associated with the rating agency for 24 years.

Duggal is the former Chairman of the non-banking financial company Shriram Capital Ltd.

About Investment Information and Credit Rating Agency of India Limited (ICRA)

It is second largest Indian rating company in term of customer base. It is a joint-venture between Moody's and various Indian commercial banks and financial services companies. ICRA is an Indian independent and professional investment information and credit rating agency.

It was established in 1991, and was originally named Investment Information and Credit Rating Agency of India Limited.

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