New York – September 9, 2019 – Global Cloud Solutions, Advisory and Managed services leader, Cloudstrats, has been rated MSE 2 by CRISIL for High Financial Strength and Operational Performance. The rating MSE 2 indicates ‘High credit worthiness in relation to other MSEs’ and is a marquee testament of the business stability of Micro and Small enterprises under the MSME scheme of the Government of India. Cloudstrats was rated MSE 2 in 2018 as well and MSE 3 in 2017. Over the years, Cloudstrats used innovation and prudence to ensure improvement on metrics essential for this CRISIL rating.
CRISIL (formerly Credit Rating Information Services of India Limited) is a global analytical company providing ratings, research, and risk and policy advisory services. CRISIL’s majority shareholder is Standard & Poor’s, a division of McGraw Hill Financial and provider of financial market intelligence.
This achievement reflects Cloudstrats’ resolve to create a niche market globally with its ability to help customers innovate their digital transformation journey with Automation, Analytics and AI. Enabling Cloud, driving Digital Transformation, optimizing Cybersecurity and implementing DevSecOps practices for over 200 customers globally, Cloudstrats is poised to set a high benchmark for its competitors.
CEO of Cloudstrats, Piyus Kanti said, “Cloudstrats has always prioritized adequate capital structure, minimal debt to equity ratio, adequate credit protection, efficient use of capital employed, sufficient liquidity, and structure working capital management. The efficiency in the way we manage our finances gives us the headroom to serve our customers better each day and provide for a secure environment to our employees, partners, vendors and shareholders.”
Ratings allotted to Cloudstrats for 2019 is available on CRISIL’s website: – https://www.crisil.com/en/home/our-businesses/sme-offerings/sme-rating.CDTGPL.html