IEILIon Exchange India, Ltd. (Mumbai, India)
IEILInfo Edge India Limited
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IEIL has three main divisions - engineering, chemical and consumer products.
The ratings continue to reflect IEIL's dominant market position in the water treatment business, moderate gearing, healthy net worth and growing presence in overseas markets.
The outlook is "stable" as CRISIL believes that IEIL will maintain its established position in the domestic market despite increasing competition in the water treatment and management business and strengthen its presence in the overseas market.