A Division of Acuité Ratings & Research Limited

SMERA is a division of Acuité Ratings & Research Limited dedicated to providing SME ratings & grading services to MSMEs. Acuité began its operations in year 2005 as SME Rating Agency of India Limited, a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India. Acuité is registered with the Securities and Exchange Board of India (SEBI) as a Credit Rating Agency and is accredited by Reserve Bank of India (RBI) as an External Credit Assessment Institution (ECAI), under BASEL-II norms for undertaking Bank Loan Ratings.

SMERA is em-panelled with National Small Industries Corporation (NSIC), the nodal agency of the Ministry of MSME, Government of India to provide SMERA-D&B-NSIC Micro & Small Enterprises Rating for MSEs in India. SMERA has assigned more than 46,000 ratings as on 30th November 2017.


Other Empanelment
Ministry of New and Renewable Energy (MNRE) for Solar Grading

Indian Renewable Energy Development Agency Limited (IREDA) for Credit Rating Model for Renewable Energy Financing

Directorate General of Shipping (DGS) for Maritime Grading