TaxTMI 
TaxTMI 
Standardization of industry classification- Applicability to credit rating agencies
X X X X Extracts X X X X
X X X X Extracts X X X X
....vities including research for Economy, Industries and Companies etc. 3. In view of the above, the above mentioned industry classification will be applicable to credit rating agencies w.e.f. October 01, 2022. In the meantime, any feedback and suggested changes by credit rating agencies shall be recalibrated by exchanges, wherever feasible. 4. This circular is issued in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 read with the provisions of Regulation 20 of SEBI (Credit Rating Agencies) Regulations, 1999, to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market. 5. This Circular is available at www.sebi.gov.in under the link "Legal →Circulars". Yours faithfully, Richa G. Agarwal General Manager Market intermediaries Regulation & Supervision Department Email id: [email protected] Phone: +91-22-26449596 ============= Document 1 MEI_Code Macro Economic Indicator INO1 Commodities Annexure A Sect Code Sector IN0101 Chemicals Ind_Code Industry IN010101 Chemicals & Petrochemicals Basic_Ind_Code Basi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nt, cement products Other construction material such supplier of sand etc. It excludes companies dealing with granites, marbles, etc. which are classified as 'Furniture, Home Furnishing, Flooring' under Consumer Discretionary Manufacturers and distributor of ferro silico manganese like ferro alloys, briquette, fly ash bricks etc. Manufacturers and distributor of pig iron Manufacturers and distributor of sponge iron Manufacturers of Iron & steel Mining, processing, manufacturing and distributing the aluminium Producer and distributor of copper Producer and distributor of zinc Mining, manufacturing and distributing precious materials like gold, silver, platinum etc. Includes investment trusts where underlying is gold or similar precious metals Companies engaged in manufacturing and mining of diversified metals Page 2 of 22 MEI_Code Macro Economic Indicator Sect Code Sector Ind_Code Industry IN010304 Minerals & Mining IN010304001 Basic Ind_Code Basic Industry Industrial Minerals IN010305 Metals & Minerals Trading INO10305001 Trading Metals IN010305002 ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... components Manufacturers and distributors of tyres and rubber products for automobile Manufacturers and distributors of air conditioners Manufacturers and distributors of bicycles and tricycles Manufacturers and distributor of consumer electronics like television, video cassette recorder, DVD player, audio equipments, games etc. Manufacturers and distributor of furniture, carpets, ceramic tiles, granite, marble etc. Manufacturers and distributor of gems, jewellery, watches and other luxury goods and accessories Manufacturers and distributor of consumer glass products Manufacturers of electric household appliances like juicers, food processors, microwave ovens etc. Manufacturers and distributors of other household durable products like cookware, cutlery, utensils and consumer specialties not classified otherwise Page 4 of 22 MEI_Code Macro Economic Indicator Sect Code Sector Ind_Code Industry IN0203 Basic_Ind_Code Basic Industry IN020201009 Leather And Leather Products IN020201010 Leisure Products IN020201011 Plastic Products - Consumer IN020201012 Pl....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Entertainment IN020402001 Page 6 of 22 IN020401004 Print Media Film Production, Distribution & Exhibition IN020402002 Digital Entertainment Publisher of newspapers, magazines and other periodicals through print medium Producers and distributors of movies. Includes theatres and auditoriums Producers and distributors of movies and other entertainment related contents through digital, Over the Top (OTT) platform. MEI_Code Macro Economic Indicator Sect Code Sector Ind_Code Industry Basic_Ind_Code Basic Industry IN020402003 Media & Entertainment IN020402004 TV Broadcasting & Software Production IN020403 Printing & Publication IN020403001 Printing & Publication IN0205 Realty INO20501 Realty IN020501001 Definition Producers and distributors of entertainment products and services. It includes companies engaged in the production, distribution and screening of television shows, producers and distributors of music and sports teams. It excludes production and distribution of movies which is classified under 'Film Production, Distribution & Exhibition'.....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... managers, security services, house keeping services etc. Page 8 of 22 MEI_Code Macro Economic Indicator Sect Code Sector Ind_Code Industry IN020603 Retailing Basic_Ind_Code Basic Industry IN020603001 Speciality Retail IN020603002 Pharmacy Retail IN020603003 Diversified Retail IN020603004 E-Retail/ E-Commerce IN020603005 Internet & Catalogue Retail IN020603006 Distributors INO3 Energy IN0301 Oil, Gas & Consumable Fuels IN030101 Gas IN030101001 Gas Transmission/Marketing IN030101002 Industrial Gas IN030101003 LPG/CNG/PNG/LNG Supplier IN030101004 Trading - Gas IN030102 Oil IN030102001 IN030102002 Oil Exploration & Production Offshore Support Solution Drilling Definition Owners and operators of retail store comprising a single class of goods such as apparels, electronics, stationary etc. Companies engaged in sale of pharmaceutical, provision of health related products and services through electronic medium Owners and operators of stores offering multiple range of product categories (department stores) Companies that earns significant ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ncludes distillers Manufacturers of non-alcoholic beverages Manufacturers and distributors of cigarettes and other tobacco products Manufacturers and distributors of animal feed Producers and distributors of dairy products Producers and distributors of other food products not classified elsewhere Producers & distributors of packaged foods including biscuits, chocolates, chips etc. Page 10 of 22 MEI_Code Macro Economic Indicator Sect Code Sector Ind Code IN040105 Industry Personal Products Basic_Ind_Code Basic Industry IN040105001 Personal Care IN040106 Household Products IN040106001 Household Products IN040106002 Batteries IN040106003 Photographic Products IN040106004 Stationary IN040107 Diversified FMCG IN040107001 Diversified FMCG IN05 Financial Services IN0501 Financial Services IN050101 Finance IN050101001 Financial Institution IN050101002 Housing Finance Company Definition Manufacturers and distributors of personal products such as tooth paste, shampoo, perfume, cosmetics etc. Manufacturers and distributors of household pro....
X X X X Extracts X X X X
X X X X Extracts X X X X
....sic_Ind_Code Basic Industry IN050103002 Depositories, Clearing Houses and Other Intermediaries IN050103003 Financial Products Distributor IN050103004 Ratings IN050103005 Exchange and Data Platform Definition Companies providing depository services. Includes clearing houses/ clearing corporations, registrar/share transfer agents, custodians etc. which are not covered elsewhere under 'Capital Markets' Companies engaged into distribution of financial products Companies providing ratings service Companies providing platform for trading of equity, commodity, currency, fixed income securities, power etc. are classified under 'Exchange Platform'. Companies providing data vending/ data dissemination are classified under 'Data Platform' IN050103006 Stockbroking & Allied IN050103007 Other Capital Market related Services IN050104 Insurance IN050104001 General Insurance IN050104002 Life Insurance IN050104003 Other Insurance Companies IN050104004 Insurance Distributors Companies engaged in providing brokerage services and other allied activities such as inves....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ds IN070201 Aerospace & Defense IN070201001 Aerospace & Defense IN070202 Agricultural, Commercial & Construction Vehicles IN070202001 Tractors IN070202002 Commercial Vehicles IN070202 003 Construction Vehicles IN070203 Electrical Equipment IN070203001 Heavy Electrical Equipment Definition Companies engaged in designing, construction and maintenance of roads, bridges, canals, dams etc. It excludes companies engaged in construction of residential and commercial buildings which are classified as 'Realty' under 'Consumer Discretionary'. Includes investment trusts where underlying is 'Civil Construction' Companies engaged into Engineering, procurement and construction (EPC) projects Manufacturers of civil and military aerospace and equipments, defense equipments, defense electronics and products thereof Manufacturers and distributors of tractors and other farm vehicles Manufacturers and distributors of commercial vehicles as trucks, dumpers etc. Manufacturers and distributors of construction vehicles like cranes, bulldozers etc. Manufacturers an....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Telecom - Equipment & Accessories' under 'Telecommunication' Manufacturers and distributors of castings and forgings. Excludes companies generating majority revenue from automobile segment and they are classified as 'Auto Components & Equipments' classified under 'Consumer Discretionary' Manufacturers and distributors of compressors and pumps Manufacturers and distributors of diesel engines. Excludes engines used for automobiles which are classified as 'Auto Components & Equipments' under Consumer Discretionary Manufacturers and distributors of electrodes Manufacturers and distributors of packaging materials such as cardboard, bags, boxes, cans, drums, bottles and jars and glass MEI_Code Macro Economic Indicator Sect_Code Sector Ind_Code Industry Basic_Ind_Code Basic Industry IN070205 009 Plastic Products - Industrial IN070205010 Refractories IN070205011 Rubber Definition Manufacturers and distributors of industrial plastic products such as plastic pipes etc. Manufacturers and distributors of refractories Manufacturers and distributors of rubber and rubber product....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ng passenger or cargo transportation through roads Companies providing passenger or cargo transportation through marine (shipping) Other transport related service not covered elsewhere Owners and operators of airports and companies providing airport related services Owners and operators of marine ports and related services like marine engineering services Page 19 of 22 MEI_Code Macro Economic Indicator Sect Code Sector Ind_Code Industry Basic_Ind_Code Basic Industry IN090103003 Toll bridge operator IN090104 Commercial Services & Supplies IN090104001 Trading & Distributors IN090104002 Consulting Services IN090104003 Data Processing Services IN090104004 Definition Operators of bridge, highway, toll bridges etc. Does not include companies engaged into construction of road, bridges and highways which are classified as 'Civil Construction' under 'Manufacturing' Companies engaged in trading and distribution of goods not covered elsewhere Companies engaged in providing consulting services Companies engaged in providing commercial electronic data processing se....