Bondada Engineering subsidiaries get CRISIL A/Stable and A -/Stable ratings

Credit rating
Engineering and construction

Blacklitt Research30 October 20262 min read

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Bondada Engineering (NSE: BONDADA) has had its subsidiaries rated by CRISIL Ratings, with grades of A/Stable and A -/Stable, it said in a filing on 30 Oct 2026. The ratings cover Bondada Green Engineering Private Limited, Bondada E&E Private Limited, Bondada Renewable Energy Private Limited, Atpole Technologies Private Limited and Bondada Ecobuild Private Limited.

Key highlights

Filing date: 30 Oct 2026
Grades: A/Stable and A -/Stable
Rating agency: CRISIL Ratings

The rating action in numbers

Item	Detail
Rating agency	CRISIL Ratings
Bondada Green Engineering Private Limited	A/Stable
Bondada E&E Private Limited	A/Stable
Bondada Renewable Energy Private Limited	A/Stable
Atpole Technologies Private Limited	A -/Stable
Bondada Ecobuild Private Limited	A -/Stable
Filing date	30 Oct 2026

Grades for each rated subsidiary

The rated entities are listed in a table headed New/Upgraded Rating. Bondada Green Engineering Private Limited, Bondada E&E Private Limited and Bondada Renewable Energy Private Limited are each rated A/Stable. Atpole Technologies Private Limited and Bondada Ecobuild Private Limited are each rated A -/Stable.

What the company says about the ratings

The company says the rating underscores the Bondada Group's confidence in its robust business fundamentals and promising growth prospects. It lists a financial profile it describes as continuously improving, prudent financial management practices and a robust liquidity position among the points it sets out alongside the rating.

The company adds that the rating strengthens the group's credibility with lenders, financial institutions, customers and business partners.

What the ratings mean for Bondada Engineering's shareholders

The ratings are for subsidiaries of Bondada Engineering, not for the parent company itself.

The amount of debt or facilities rated, CRISIL's reasons and sensitivities, and the previous grades are not given, so the size of any change is not known. No next dated step is given.

Reference: Original filing (PDF)

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