Anant Raj Receives Credit Rating Upgrade from Infomerics — Long-Term Facilities Upgraded to IVR A-/Stable
Credit Strength Reflected in Infomerics Upgrade
Anant Raj Limited received upgraded credit ratings from Infomerics Valuation and Rating Limited on January 14, 2026, covering bank facilities worth ₹351 crore. Long-term facilities of ₹272 crore were upgraded to IVR A-/Stable from IVR BBB/Stable, while short-term facilities of ₹79 crore improved to IVR A2+ from IVR A3+.
The IVR A- rating for long-term facilities signifies adequate degree of safety regarding timely servicing of financial obligations with low credit risk, while the IVR A2+ rating for short-term facilities represents strong degree of safety for timely payment with low credit risk.
Drivers of the Rating Action
The ratings have been upgraded driven by a significant improvement in the scale of operations and profitability, supported by a comfortable capital structure and strengthened debt protection metrics, aided by prepayment of debt. The ratings also factor in the group's established track record, diversified asset base, and favourable project locations. Further, strong growth visibility from the scalable data centre business backed by operational capacities, planned expansions, marquee partnerships, and multi-year revenue potential under various initiatives provides additional comfort.
Financial Performance and Data Centre Momentum
Anant Raj's data centre business generated ₹58.42 crore revenue in H1 FY26, demonstrating successful monetization of its digital infrastructure investments. With 28 MW operational capacity across Manesar, Panchkula, and Rai locations, the segment contributed 75% to absolute EBITDA and 43.23% to PAT.
The company targets 63 megawatts operational capacity by December 2026. Management expects rentals from the data centre business to exceed ₹50 crore in fiscal 2026 and cross ₹100 crore in the medium term as operational capacity scales and rent-free periods conclude. Anant Raj Cloud Private Limited has partnered with Spain-based Submer Technologies to develop AI-ready datacenters across India. The strategic collaboration combines Submer's liquid-cooling technology and modular infrastructure with Anant Raj's existing capabilities at campuses in Manesar and Panchkula, Haryana, and aims to deliver high-density, energy-efficient computing platforms for sovereign and enterprise AI workloads, supporting India's digital transformation and AI sovereignty goals.
Recent Capital Raise Supporting Expansion
The company successfully completed its QIP during October 7-13, 2025, issuing 1,66,16,314 equity shares at ₹662 per share, including a premium of ₹660 per equity share. The issue was fully subscribed with gross proceeds of ₹1,100 crore. Management highlighted that demand is not a constraint, with the primary bottleneck being funding, which has been addressed following the recent QIP.
Company Context
Anant Raj Limited has led India's real estate since 1969, crafting iconic residential, commercial and IT projects with innovation, luxury and sustainability. The company has a presence across approximately 320 acres in premium localities of Delhi NCR. The company is primarily engaged in construction and development of residential townships, commercial, hospitality/serviced apartments, affordable housing, data centres/IT parks, group housing projects, malls and office complexes in the North Capital Region.
Regulatory Disclosure
Anant Raj communicated the rating revision to both NSE and BSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The ratings are valid for one year from January 14, 2026, with formal surveillance typically conducted within 12 months.