SMERA Ratings Ltd. announces appointment of new CEO Sankar Chakraborti takes over as Chief Executive Officer of SMERA Ratings Ltd.

SMERA Ratings Ltd. announces appointment of new CEO

Sankar Chakraborti takes over as Chief Executive Officer of SMERA Ratings Ltd.

Mumbai, July 17, 2014: SMERA Ratings Ltd, a joint venture between SIDBI, Dun & Bradstreet and leading public and private sector banks announced the appointment of Mr. Sankar Chakraborti, as CEO of the company.  Mr. Chakraborti succeeds Mr. Parag Patki who stepped down as CEO effective July 14, 2014.

Mr. S.G. Gulati, Chairman of SMERA Ratings Ltd. said “This transition is part of a planned progression process.  While serving as CEO for 6 years, Parag was instrumental in creating and executing SMERA’s growth strategy, including obtaining key regulatory approvals. Parag played a key role in in building and managing a high performance internal team and nurtured relationships with key external stakeholders and regulators.

“I would like to thank Parag for his strong leadership and significant contribution in setting the right tone, energy and structure at SMERA, and at the same time welcome Sankar as he takes the helm as CEO. Sankar is an accomplished professional with a great mix of leadership, inspiration, operational experience and passion for innovation.” he added.

Talking about his new role, Mr. Sankar Chakraborti said, “I am delighted to assume this leadership role and I want to thank Parag for his guidance and support. His exemplary leadership has brought SMERA Ratings to the prominent place it occupies today. Backed by strong management team and committed stakeholders, I am optimistic that we will now take SMERA to greater heights”.

In a career spanning over 18 years, Sankar has held a host of strategic responsibilities.  In his previous role, he was Director – Business Development, CRISIL Ratings at CRISIL. He joined CRISIL as a Manager in 2000 and has played a key role in developing businesses for the company and also forging strategic alliances. Sankar has held a variety of strategic and business development roles in CRISIL’s various SBUs.

Prior to his tenure at CRISIL, Sankar worked for leaders in data and information sector for period of four years. He graduated in Science with Honors in Physics and has an MBA degree from Centre of Management Studies, West Bengal.

About SMERA Ratings Ltd.:

SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India. SMERA commenced its operations in 2005 as an exclusive credit rating agency for Micro, Small and Medium Enterprises (MSME) sector in the country. Within a span of 8 years, SMERA has assigned ratings to 30,000 MSMEs pan India.

SMERA is registered with the Securities and Exchange Board of India (SEBI) as a Credit Rating Agency (6th in India). The Company is accredited by the Reserve Bank of India (RBI) as an External Credit Assessment Institution (ECAI) under BASEL – II norms for undertaking bank loan ratings. SMERA is also empanelled as an approved rating agency by the National Small Industries Corporation Ltd. (NSIC) under the “Performance & Credit Rating Scheme for Small Industries”, approved by the Ministry of Small Scale Industries, Government of India.

Today, SMERA has achieved the reputation of providing comprehensive, transparent and reliable ratings, thus providing comfort and confidence to lenders and investors alike in decision making. SMERA Ratings have gained wide acceptability and are now an integral part of the risk assessment process within the lending and investing community.

SMERA, which has its Registered and Head Office in Mumbai, currently operates from 15 locations spread across the country.

 

Regards,

 

 

Anil V.Agre.

Sr.Media Relations Executive
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Rajendra Ganotra is the Editor of Spicy Stars Mumbai

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