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Entity-Specific Rating Rationales

07 Feb 2025

WheelsEMI Private Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB(SO) assigned to Series A2 PTC backed by vehicle loan receivables issued by Kalki 2024

WheelsEMI Private Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB(SO) assigned to Series A2 PTC backed by vehicle loan receivables issued by Kalki 2024

13 Jan 2025

WheelsEMI Private Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

WheelsEMI Private Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

04 Nov 2024

WheelsEMI Private Limited: Rating confirmed as final for PTCs backed by vehicle loan receivables issued by Buttercup 2024

WheelsEMI Private Limited: Rating confirmed as final for PTCs backed by vehicle loan receivables issued by Buttercup 2024

18 Oct 2024

WheelsEMI Private Limited: Rating reaffirmed; [ICRA]BBB (Stable) assigned to Rs. 100-crore NCD programme

WheelsEMI Private Limited: Rating reaffirmed; [ICRA]BBB (Stable) assigned to Rs. 100-crore NCD programme

04 Oct 2024

WheelsEMI Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by vehicle loan receivables issued by Sakura 09 2024

WheelsEMI Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by vehicle loan receivables issued by Sakura 09 2024

09 Sep 2024

WheelsEMI Private Limited: Provisional [ICRA]A(SO) assigned to Series A1(a) PTC and Provisional [ICRA]A-(SO) assigned to Series A1(b) PTC backed by vehicle loan receivables issued by Bronzor 2024

WheelsEMI Private Limited: Provisional [ICRA]A(SO) assigned to Series A1(a) PTC and Provisional [ICRA]A-(SO) assigned to Series A1(b) PTC backed by vehicle loan receivables issued by Bronzor 2024

30 Jul 2024

WheelsEMI Private Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by vehicle loan receivables issued by Buttercup 2024

WheelsEMI Private Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by vehicle loan receivables issued by Buttercup 2024

06 Oct 2023

WheelsEMI Private Limited: Rating reaffirmed

WheelsEMI Private Limited: Rating reaffirmed

10 Oct 2022

WheelsEMI Private Limited: [ICRA]BBB (Stable) assigned to NCDs and bank loans

WheelsEMI Private Limited: [ICRA]BBB (Stable) assigned to NCDs and bank loans

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Entity-Specific Credit Perspective Reports

07 Feb 2025

WheelsEMI Private Limited

WheelsEMI Private Limited (SF)

25 Nov 2024

WheelsEMI Private Limited

WheelsEMI Private Limited (Non-SF)

09 Oct 2024

WheelsEMI Private Limited

WheelsEMI Private Limited (SF)

05 Sep 2024

WheelsEMI Private Limited

WheelsEMI Private Limited (SF)

30 Jul 2024

WheelsEMI Private Limited

WheelsEMI Private Limited (SF)

17 Nov 2023

WheelsEMI Private Limited

WheelsEMI Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTC -- -- Provisional [ICRA]A-(SO) --
Series A2 PTC -- -- Provisional [ICRA]BBB(SO) --
Series A1(a) PTC -- -- [ICRA]A(SO) --
Series A1(b) PTC -- -- [ICRA]A-(SO) --
Series A1 PTC -- -- [ICRA]A-(SO) --
Non Convertible Debenture -- -- [ICRA]BBB(Stable) --
Series A1 PTC -- -- Provisional [ICRA]A- (SO) --
Bank Loans -- -- [ICRA]BBB(Stable) --

Our Analysts

Analyst 1

Vishal Oza

Analyst 2

Sumit Pramanik

Sector Head

Abhishek Dafria
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