Subodh Rai

President & Chief Ratings Officer, CRISIL Ratings at CRISIL


Subodh heads the analytical function at CRISIL Ratings, and leads a 250+ member team across India. He chairs the Rating Committee and is responsible for its functioning. Subodh also leads the franchise initiatives for CRISIL Ratings and has authored several incisive opinion pieces on topics germane to credit rating. He is S&P’s nominee director on the Board of TRIS Ratings, Thailand, since 2017 and a member of CRISIL’s Executive Council since 2013.

Subodh has more than 20 years of experience in the ratings business and held various leadership positions across analytical and business functions. In his previous role, he headed the Ratings - mid-corporate group. Subodh was instrumental in turning around the division and strengthening CRISIL’s leadership position in this segment.

Prior to this role, Subodh held several key positions in the Ratings vertical.

Before joining CRISIL, he worked with Shree Renuka Sugars Ltd and Garware Wall Ropes Ltd.

Subodh holds a PGDM from the Indian Institute of Management, Ahmedabad and an engineering degree from the College of Technology, GBPUAT, Pantnagar, Uttarakhand.



  • President & Chief Ratings Officer, CRISIL Ratings

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