India's largest ratings agency, which was set up in 1987, is Standard & Poor's majority-owned global analytics firm. It now provides the whole gamut of services: Ratings, data analytics and solutions catered towards micro, small and medium companies, large corporations and financial institutions. This June, it bought a 9 percent stake in its arch rival Care Ratings, in a move that is seen as a strategic investment (Crisil becomes the second largest shareholder in Care, after LIC) and indicative of its refocus on the credit ratings business.