CRISIL Board of Directors today announced that Ashu Suyash, Managing Director and Chief Executive Officer of CRISIL Ltd has decided to move on to set up her own venture. She will continue in her current role till end September. The Board also announced that Amish Mehta will assume the role of Managing Director and Chief Executive Officer, effective October 1, 2021. Amish has served as CRISIL’s Chief Operating Officer since 2017 and will work closely with Ashu to ensure a seamless transition. 

“Over the last six years, Ashu has led CRISIL’s transformation towards being a leading, agile and innovative, global analytics company. Under her leadership, CRISIL has not only consolidated its Ratings leadership position but also grown its global business. Ashu has been at the forefront of the ESG agenda for CRISIL and the launch of several new offerings and platforms in India and the global markets. On behalf of the CRISIL Board, I would like to express our deep appreciation of Ashu’s leadership and contributions,” said John Berisford, President of S&P Global Ratings and Chairman, CRISIL. “In accordance with the succession plan and after careful consideration, the Board unanimously decided on Amish’s appointment. I am confident that Amish’s strong track record and rich experience across business, finance, strategy and M&A will help elevate CRISIL to the next phase of growth.” 

Ashu Suyash, MD and CEO, CRISIL said “It has been an honour and privilege to lead CRISIL and shape its transformation and growth journey. CRISIL today is well positioned for a new era of growth, backed by a wide range of offerings, deep client relationships and above all its deep domain expertise and analytical rigour. Our distinct culture of innovation and excellence, extraordinary talent pool and strong leadership team is what I am most proud of. I am committed to ensuring a smooth transition over the next few months. As for the road ahead, I look forward to the exciting new phase of setting up my entrepreneurial venture.” 

Amish Mehta, President and COO, CRISIL said “I immensely value the confidence the Board of Directors of CRISIL have entrusted in me to lead this extraordinary company. CRISIL’s mission of making markets function better will continue to be central to our strategy as we explore growth opportunities in core and adjacent areas. As we invest for the future, the focus on sustainability and excellence will remain unchanged. I am hugely excited to work with the most talented employees and senior leadership team in the industry, to serve our customers and create value for all our stakeholders.” 

Ashu joined CRISIL in 2015 after serving as CEO of L&T Investment Management Ltd and L&T Capital Markets Ltd. Her professional experiences also include serving as CEO of Fidelity’s mutual fund business in India and leadership roles during her 15-year career at Citigroup. She has been continually ranked as one of the Top 50 Women in Business in Asia and India by a variety of organizations and has also served as a member of several advisory boards and committees for educational institutions over her three-decade long career. 

Amish joined CRISIL as President and Chief Financial Officer in 2014 and assumed his current responsibility as Chief Operating Officer in 2017. He has over two decades of diverse experience across telecommunications, oil and gas, FMCG and business advisory services. During his career, he held leadership roles in finance, general management and business in a variety of organizations including BP/Castrol India, EY and ExxonMobil. He held the position of Chief Financial Officer for Indus Towers prior to joining CRISIL.