Investor Presentaiton

CareEdge TURNS 30 1993-1996 1997-2000 2001-2004 Care Edge RATINGS Commenced Rating Operations ■Expansion of ratings operations to rating of toll roads, electricity board, municipal corporations, structured instruments Completed studies on central public sector undertakings selected by disinvestment Commission Launched 'CARE Loan Ratings' for rating term loans Ventured into Advisory business and bagged 13 assignments Obtained registration with SEBI when rating agencies came under its purview Founding member of Association of Credit Rating Agency in Asia (ACRAA) Launched Corporate Governance and Value Creation Rating Signed MOU with NSIC for empanelment as an approved rating agency for small scale industries 2009-2012 2005-2008 Launched an initial public offering in 2012, which was subscribed over 34 times, and listed on both NSE and BSE Acquired an application software company viz. Kalypto, renamed as CARE Risk Solutions Private Limited (CRSPL) Worked closely with Asian Development bank on prestigious assignments ■Provided technical assistance to some emerging rating agencies outside India 2013-2017 Set up a research division catering to Industry Research, Customised Research and Industry Risk Metrics Launched IPO grading services Received mandate from Ministry of Urban Development for rating 13 ULBS under JNNURM 2018 Onwards Launched CARE Advisory Research and Training Ltd (CART), a wholly-owned subsidiary of CARE Ratings Established rating subsidiaries in Nepal & Africa Entered into a strategic business alliance with Japan Credit Rating Agency, Ltd. (JCR) Partnered with 4 domestic credit rating agencies in Brazil, Malaysia, Portugal and South Africa, to form an international credit rating agency called ARC Ratings ■Took 10% stake in Malaysian Rating Agency (MARC) CARE Group Rebranded as CareEdge Group CareEdge Ratings Africa received License for Ratings business from Capital Market Authority (CMA), Kenya in 2019 Incorporated company in South Africa for undertaking CRA business post regulatory approvals Expansion of Advisory services into the ESG space through propriety tool Sirius Empaneled with AMFI for ESG assessments Integration of CART's business with CRSPL through a slump sale ■CareEdge becomes only rating agency in India to do Sovereign Ratings - August '23 14

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