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CRIF High Mark Credit Information Services

CRIF High Mark Credit Information Services
Company typePrivate limited company
IndustryFinancial Services
Founded2005 (2005)[1]
HeadquartersMumbai, Maharashtra, India
Key people
Larry Howell, Chairman[2] Navin Chandani, CEO & MD[3]
ServicesCredit bureau, risk analysis, software and decision analytics
Websitecrifhighmark.com

CRIF High Mark Credit Information Services Pvt. Ltd. is an RBI-approved credit bureau in India.[4][5] It serves retail, agriculture and rural, MSME, commercial and microfinance.[6][7][8]

The company was incorporated in 2005 and is based in Mumbai.[9] It launched its credit bureau operations in 2010 and has a database of over 120+ crore credit records as of July 2018.[10] CRIF High Mark covers nearly 38 crore unique borrowers as of October 2018.[11] It manages the world's largest microfinance credit bureau database.[7]

CRIF High Mark supports over 4,000 credit institutions, including over 1,000 cooperative banks and insurance companies, providing them with credit information, analytics and scoring, decision and software.[7][8][10] In addition, it works with telecom service providers, credit rating agencies and SEBI-registered brokers. Consumers can also directly access their credit scores from CRIF High Mark. It records repayment history, defaults and frauds on loans and credit facilities extended to individuals or businesses across the country. These services help lenders to analyse the risk profile of the borrower before extending new credit and keep non-performing loans in check.[12] Consumers can check their credit reports and credit scores from the company's website.[13]

  1. ^ "CRIF High Mark Credit Information Services Private Limited: Private Company Information - BusinessWeek". Investing.businessweek.com. Retrieved 19 December 2010.
  2. ^ "Fair Isaac, High Mark Launch Global FICO Score For Indian Lenders". Efytimes.com. 8 December 2010. Archived from the original on 8 January 2011. Retrieved 19 December 2010.
  3. ^ "Microfinance lenders to stop multiple loans - Livemint". www.livemint.com. 17 December 2009.
  4. ^ "High Mark Credit Information Services becomes CRIF High Mark post share sale". The Economic Times. 9 September 2014. Retrieved 26 March 2019.
  5. ^ "High Mark Credit Information Services is 4th credit information company in India - Banknet India". www.banknetindia.com. Retrieved 26 March 2019.
  6. ^ "CRIF opens new centre for predictive analytics and decision solutions". @businessline. 15 June 2016. Retrieved 26 March 2019.
  7. ^ a b c "CRIF High Mark India Celebrates 5 years of Credit Bureau Operations | BIIA.com | Business Information Industry Association". www.biia.com. Retrieved 26 March 2019.
  8. ^ a b Rashi (27 February 2017). "CRIF- Supporting Banks in Digital Journey". BFSI. Retrieved 26 March 2019.
  9. ^ "Stocks". www.bloomberg.com. Retrieved 26 March 2019.
  10. ^ a b "Will RBI's Public Credit Registry Disrupt India's Successful Credit Bureaus?". BloombergQuint. 13 July 2018. Retrieved 26 March 2019.
  11. ^ Bhargava, Latika (31 October 2018). "Setting the credit score with Psychometric assessment: Parijat Garg, CRIF Highmark". Newsbarons. Retrieved 26 March 2019.
  12. ^ "Battery ventures invests $1 mln in high mark credit information". Reuters. 13 February 2009. Retrieved 26 March 2019.
  13. ^ Saleem, Shaikh Zoaib (21 May 2018). "You can get 4 free credit reports each year". Retrieved 26 March 2019.