Zensar Technologies reaffirms strong credit rating from ICRA

Zensar Technologies Limited announced on September 2, 2025, that ICRA Limited has reaffirmed its credit rating for the company's Long Term/Short Term-Fund Based/Non-Fund Based-Others instruments. The rating stands at [ICRA]AA+ (Stable)/[ICRA]A1+, with a total rated amount of INR 191.00 crore.

This reaffirmation follows an assessment by ICRA's Rating Committee, underscoring Zensar Technologies’ continued financial health. The rating applies to both fund-based and non-fund-based limits across various banks, including Standard Chartered Bank (INR 10.00 crore), Kotak Mahindra Bank (INR 20.00 crore), Citibank (INR 72.00 crore), HSBC (INR 40.00 crore), ICICI Bank (INR 25.00 crore), and HDFC Bank (INR 20.00 crore), along with a proposed INR 4.00 crore.

The previous rating was assigned on August 26, 2025, and this updated assessment will be subject to surveillance within one year from the communication date. The company is committed to informing ICRA of any changes that could impact its debt servicing capabilities or borrowing limits.