If you are evaluating a source of Indian company or credit data — a commercial bureau report, an MCA-filings platform, a ratings analytics product — you are probably looking at more than one. These pages describe the alternatives from their own public material, with links, and then say plainly what TatvaRatings does differently.
One picture before the detail. Every product a credit team usually shortlists answers a question that starts from a named company. The gap sits on the other axis — queries that start from a lender — and that gap, not any feature list, is where TatvaRatings sits:
How these pages are written
Three rules, stated upfront so you know what you are reading.
Every description of another product is taken from that company’s own public pages, and linked. Not from analyst reports, not from review aggregators, not from a sales deck.
No claim is made about what another product lacks. Every product on this list is sold behind a login. What their gated software actually does is not knowable from outside it, and a negative claim about a feature we cannot see would be indefensible. Where a capability is simply not described in a company’s public material, the pages say exactly that — “their public product pages do not describe X” — and leave it there.
TatvaRatings’ own limits are on the same pages, at the same weight, and specified in full on Data limits. A comparison that lists our strengths and their weaknesses is a brochure, not a comparison.
If you find something on these pages that is out of date or wrong — product pages change, and one of these companies has already rebranded a domain since this was written — tell us and it gets corrected.
The comparisons
CRISIL Quantix →
Crisil's data and analytics property for corporate credit and origination work, now folded into a rebranded Crisil i360. The closest comparable on subject matter, and the one prospects most often raise. Includes the distinction between a credit-portfolio module that analyses a book you upload and a lender-side index over published disclosure.
CIBIL commercial report →
The commercial credit information report as a category: entity-in, report-out, sold per company and gated to member institutions under a statutory access regime. Where a bureau report answers something rating-derived data cannot, and vice versa.
Probe42 →
The MCA-filings-first company data product for banks and NBFCs, and the most direct comparator on audience. Note that Probe42's public material already lists credit ratings among the data points it carries.
Tofler →
Self-serve company reports built on public filings, with published rupee pricing — the only one on this list that tells you what it costs on its own website. A different buyer and a different price point.
CRIF High Mark →
An RBI-licensed credit bureau, with everything that follows from holding a licence: a member-institution access model, a statutory basis, and a product shape set by the regime it operates in.
At a glance
Six products, four published facts each. Every cell below restates something from the product’s own public pages (or from Coverage for our own column) — the sub-pages carry the sources and the caveats.
| Product | Built from | Who can access it | A query starts from | Pricing published? |
|---|---|---|---|---|
| CIBIL commercial report Credit bureau | Lender submissions to the bureau | Specified users / member institutions (CICRA 2005) | A named company | No |
| CRIF High Mark Credit bureau | Member lender submissions | Specified users / member institutions (CICRA 2005) | A named company | No |
| CRISIL Quantix / i360 Analytics platform | Not fully described in public material | Subscription; demo request | A company, or a portfolio you upload | No |
| Probe42 MCA filings | MCA filings + "743 validated public domain sources" | Login-gated | A company, via filters | No |
| Tofler MCA filings | Public filings | Self-serve | A company | Yes, in rupees |
| TatvaRatings Rating-disclosure index | Published rating press releases from 7 SEBI-registered agencies | By commercial agreement | A lender, a sector, or a company | No |
Two readings of that table. Tofler is the only product on it that tells you the price on its own website. And the last column-but-one is the actual differentiator: five of the six are entity-in products, and the sixth is the same public disclosure read from the lender’s side.
The short version
Every product on this list is organised on the entity axis. You arrive knowing a borrower’s name and leave knowing things about that borrower — filings, financials, directors, charges, ratings, a bureau report.
TatvaRatings is organised on the counterparty axis. It parses the lender-wise annexure out of published rating press releases from seven SEBI-registered credit rating agencies and indexes it from the lender’s side, so the query can start with a bank and return the rated borrowers that name it.
As at 30 August 2026 that is 179,857 lender-exposure rows across 70,337 rating actions, naming 1,501 distinct lenders. On the same date, State Bank of India appears in 5,476 borrower annexures — a floor, not a total.
Those are floors, not totals, and the reasons are specified on Data limits: the universe is rated borrowers only, 46.2% of rating actions carry a lender-wise annexure, and every row describes a sanctioned position as at its action date rather than a current outstanding balance.
The two things are not substitutes. Most credit teams that would use this already have one of the products above, and use it for a different question.
Common questions
Is TatvaRatings a substitute for a CIBIL or CRIF commercial credit report?
No, and it must not be bought as one. A commercial bureau report is built from lender-submitted repayment behaviour — days past due, defaults, facility performance — under the Credit Information Companies (Regulation) Act, 2005, and TatvaRatings holds none of that. It answers a different question: which rated borrowers name a given bank in published rating annexures. The CIBIL comparison spells out the boundary in both directions.
Which Indian company data provider publishes its pricing?
Of the products compared here, only Tofler publishes rupee pricing on its own website (as read on the date stated on its comparison page). CIBIL, CRIF High Mark, Probe42 and Crisil Quantix/i360 route institutional pricing through contact or membership, and TatvaRatings arranges access by conversation rather than a published price.
What does a lender-side or reverse lookup mean?
Every rating press release is published borrower-first: you look up a company and read which banks it names. A lender-side index inverts that — you start from a bank and get the rated borrowers whose published annexures name it, with sector, rating band and facility detail. Lender exposure analysis walks through the workflow.
Where does TatvaRatings' data come from?
Publicly published credit rating press releases from seven SEBI-registered agencies — CARE, CRISIL Ratings, ICRA, India Ratings, Acuité, Brickwork and Infomerics — parsed into one schema. No bureau data, no supervisory returns, no private submissions. Coverage carries the measured counts and Sources links every agency archive.
Can I check which banks lend to a company for free?
Often, yes — one company at a time. Where the borrower consented, the rating agency’s own press release carries a lender-wise annexure, free on the agency’s website. The guide shows how. What is not free anywhere is that data at scale, across agencies, queryable from the lender’s side — which is the product.
How current are these comparison pages?
Each page states when its competitor material was last read, and corpus figures carry their own as-at date. Product pages change — one company on this list has already rebranded a domain since these were first written. If you find something out of date, tell us and it gets corrected.
Related
- Coverage — agencies, date range, measured counts
- Data limits — the specification of what is not covered
- Methodology — how a press release becomes a record
- Resources — guides and glossary
- Talk to us