Renewable energy consultancy Bridge To India joins Crisil

13 September 2023
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Bridge To India, a New Delhi-based strategic research and consulting firm, has been acquired by Crisil, an Indian subsidiary of American company S&P Global.

Operating out of Mumbai, Crisil is a provider of ratings, data, research, and benchmarks to companies across India and internationally. Majority owned by S&P Global, Crisil serves over 100,000 customers with a focus on the capital and commodity markets.

The addition of Bridge To India, which was founded in 2008 and currently has a team of around 20 staff, deepens Crisil’s portfolio in the renewable energy sector.

Renewable energy consultancy Bridge To India joins Crisil

Amish Mehta, Managing Director and CEO of Crisil, said: “Sustainability and climate change are drawing sharper attention from clients worldwide. The acquisition of Bridge To India, with its positioning and expertise in the space, will strengthen our bouquet of offerings spanning sustainability services and decarbonisation. The transaction underscores our steadfast commitment to sustainable growth.”

For Bridge To India meanwhile, the joining of forces with the international player will enable the firm to enlarge its impact, and expand its offerings. “Bridge To India has built its vantage in the renewables sector with more than a decade of consulting experience, strong research coverage and market connect,” said company Managing Director, Vinay Rustagi. “Being part of Crisil will further enhance value to clients through adoption of global best practices.”

In a statement announcing the transaction, Crisil noted it has acquired a 100% stake in Bridge to India for 60 million Indian rupees. The deal is expected to close in the next three months.