MRSS India receives plausible credit rating from SMERA-D&B

17 Feb,2017

By A Correspondent


BSE-SME listed Majestic Research Services and Solutions Ltd (MRSS India) has retained the highest possible credit rating (MSE1) for the second consecutive year indicating uppermost credit worthiness based on financial strength and operating performance by SMERA Ratings Ltd.


In a highly fragmented and competitive market research segment, MRSS India a digital insight firm reported an annual revenue growth of over 102 per cent and net profit growth of 256per cent for 2015-16. It has shown significant improvement in its financial ratios and an increase in its reputed client base that includes Volkswagen, Zee Entertainment, Godrej and Boyce among others, said the SMERA note.


Responding to the credit rating, Majestic Research Services and Solutions Ltd, chairman Raj Sharma said, “With our innovative approach to introduce new tools, techniques and technology in the market research space, MRSS India has been at the forefront to redefine the market research space in India. This in turn has reflected in our financial performance that is set to keep our momentum going forward in the years to come.”


The company has lined up forthcoming projects with Knight frank, UC webs, Faering Capital, Google,Airtel, Apeejay, Tata Chemical, Tata Motors, PWC, Unido, Madhya Pradesh tourism, Indraprastha and plans to grow its operations through Mergers and Acquisition, said the SMERA note.


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