Mumbai, Aug. 24 -- The agency has also upgraded the company's short-term rating to '[ICRA]A1+' from '[ICRA]A2+'.

ICRA stated that the ratings upgrade of Ivalue Infosolutions (IIPL/Ivalue) considers the scale-up in operations over recent years, as a value-added distributor of IT hardware and software products, while maintaining a healthy financial risk profile, which it is expected to sustain going forward as well.

The company reported a gross operating income (GOI) of Rs. 2,912.0 crore in FY2026, registering a year-on-year (YoY) growth of 18.9%, aided by a stable business profile with healthy demand for its offerings across cybersecurity, data centre infrastructure, cloud and information life cycle management.

The healthy business outl...