Titan Company Ltd. Receives Ratings Update from ICRA Ltd.
Titan Company Ltd. announced today, April 1, 2026, ratings from ICRA Ltd. as of March 31, 2026. The ratings pertain to various instruments totaling Rs. 21,950 crore.ICRA reaffirmed the rating of [ICRA]AAA (Stable) for the company's fixed deposit programme of Rs. 6,200 crore. The rating agency also reaffirmed [ICRA]AAA (Stable) and assigned [ICRA]A1+ for the fund-based and non-fund based working capital facilities, increasing the sanctioned amount from Rs. 7,305 crore to Rs. 14,750 crore. Additionally, ICRA reaffirmed [ICRA]AAA (Stable) for the company's term loans amounting to Rs. 1,000 crore.
A summary of the ratings is presented below:
| Instrument | Rated Amount (Rs. crore) | Rating Action |
|---|---|---|
| Long term - Fixed deposit programme | 6,200 | [ICRA]AAA (Stable); reaffirmed |
| Long-term /short-term - Fund based/ Non-fund based working capital facilities | 14,750 | [ICRA]AAA (Stable)/ [ICRA]Al+; reaffirmed/ assigned for enhanced amount from Rs. 7,305 crores to Rs. 14,750 crores. |
| Long-term - Fund based - Term Loans | 1,000 | [ICRA]AAA (Stable); reaffirmed |
| Total | 21,950 |
The information is for record purposes.
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