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Crisil develops methodology to grade TV, film productions
MUMBAI: The mantra in the entertainment industry today is corporatisation. Another move in that direction was made with the announcement yesterday by Credit Rating and Information Services of India Ltd (Crisil) that it would grade film and television software productions to help lenders evaluate funding for upcoming entertainment projects.
“The comprehensive and objective analytical framework would assist banks, institutions and other lenders in evaluating film and television software producers,” Crisil was quoted as saying in a statement.
It is only recently that lending institutions, the Industrial Development Bank of India, being the most noted example, have stepped in to fund film projects based on clearly laid down norms.
Lenders could use the framework to systematically classify risks and objectively assess various risk issues before determining their exposure levels and interest rates for the entertainment industry.
For borrowers, who have had to source funds at exorbitant interest rates from the parallel market, the grading framework will act as a key facilitator in accessing institutional funds.
For television software producers, which are generally constituted as corporate entities, the grade would indicate Crisil’s opinion on credit worthiness of the entity.
Thus, the grade would reflect relative ability of the rated company to meet graded debt obligations, it said.
In case of film producers, it would assign a grade for a specific movie indicating the rating agency’s opinion on the producer’s ability to complete a particular project and recover costs incurred.
It is, therefore, possible that different movies of the same producer could get different grades, the statement added.
Crisil carried out the exercise on behalf of the Confederation of Indian Industry (CII). Earlier, CII had produced the first authoritative “EnterMedia 2001” report, which determined the need for this project with Crisil.
“While the overall analytical approach includes an assessment of business risk, financial risk and management capabilities, the methodology derives its robustness from the level of detail in incorporating entertainment industry-specific parameters and benchmarks. Crisil has held active consultations with a wide number of industry players in developing the methodology,” the statement said.
News Broadcasting
Kamlesh Singh receives Haldi Ghati Award from MMCF
India Today Group editor honoured for three decades of journalism at Udaipur ceremony.
MUMBAI- Kamlesh Singh just turned a lifetime of sharp words into a shiny shield because when journalism wakes up a society, even the Maharana of Mewar wants to pin a medal on it.
The Maharana of Mewar Charitable Foundation (MMCF) conferred its prestigious Haldi Ghati Award on Kamlesh Singh, a senior editor at the India Today Group, during a ceremony in Udaipur on 15 March 2026. The national award, instituted in 1981-82, recognises “work of permanent value that initiates an awakening in society through the medium of journalism.”
Singh, who leads several editorial initiatives including Aaj Tak Radio, the Teen Taal community and The Lallantop, was presented the honour by Lakshyaraj Singh Mewar, Managing Trustee of MMCF. The citation highlighted his three decades of contributions to Indian media, innovations in digital journalism, mentoring young reporters, and his popular podcast persona “Tau” on Teen Taal, which fosters thoughtful public discourse.
The Haldi Ghati Award, named after the historic Battle of Haldighati symbolising valour and resilience, is one of four national awards given annually by MMCF. Past recipients include Tavleen Singh, Piyush Pandey and Raj Chengappa.
Other honourees this year included Padma Vibhushan Pt Hari Prasad Chaurasia, Vedamurti Devvrat Rekhe, Treeman of India Marimuthu Yoganathan, Vir Chakra Capt Rizwan Malik, and US-based researcher Molly Emma Aitken, who received the Colonel James Tod Award for contributions to understanding Mewar’s spirit and values.
In an era where headlines often shout louder than substance, the MMCF quietly reminded everyone that real journalism isn’t about noise, it’s about the quiet, persistent work that stirs society awake, one thoughtful story at a time.
