About Us

CARE Ratings Ltd. commenced operations in April 1993 and over the past two decades, it has established itself as the second-largest credit rating agency in India. CARE Ratings provides the entire spectrum of credit rating that helps the corporates/FIs/Govt. bodies to raise capital for their various requirements. CARE Advisory Research & Training Ltd. (CART) is a wholly-owned subsidiary of CARE Ratings Ltd. CART is engaged in the business of rendering financial and management advisory services, undertaking diligence studies and appraisals of all types of projects. CART also caters to the training needs of corporates and professionals through its on-line/off-line training programmes.


CARE Training Mr. S.B. Mainak, Chairman

Mr. S.B. Mainak, Chairman

A qualified Chartered Accountant, he joined LIC as a Direct Recruit Officer in 1983 and retired as its Managing Director. He was Deputy President of the Insurance Institute of India and member of the Governing Board of NIA. He was earlier appointed by the Government of India on the Board of Satyam Computer Services Limited as an Independent Director for restructuring the company. In 2009, he was conferred the ‘NDTV Profit Business Leadership Award’, ‘CNNIBN Indian of the Year Award’ and ‘Dataquest IT Person of the Year Award’.

Board of Directors

CARE Training Rajesh Mokashi

Mr. Rajesh Mokashi, Director

He holds a Bachelor's degree in Mechanical Engineering from VJTI, Mumbai and a Master of Management Studies degree from Mumbai University. He is a qualified Chartered Financial Analyst. He has more than 30 years of experience in finance, commerce and credit risk sectors. He has been associated with OTIS Elevators, DSP Financial Consultants Ltd. and Kotak Mahindra Finance Ltd. in the past. He has been associated with CARE since 1993 and is the CEO and MD of CARE Ratings.

CARE Training Mehul Pandya

Mr. Mehul Pandya, Director

He holds Bachelor’s degree in Engineering (Instrumentation and Control) from Gujarat University and Master’s degree in Business Administration from Bhavnagar University. He is a qualified Chartered Financial Analyst. He has over 20 years of experience in the field of providing Rating Services. He is currently the Executive Director of CARE Ratings.


CARE Training Sanjeet Kumar

Mr. Sanjeet Kumar, CEO

CART’s team is led by its CEO, Mr. Sanjeet Kumar. Mr. Sanjeet Kumar holds graduate degree in Economics (H) from Hansraj College, Delhi University and Master’s Degree in Economics from Pune University. He also holds Post Graduate Diploma in Business Management from Symbiosis Institute of Management Studies, Pune. He has more than 17 years of experience in working with Rating Agency and Banks. He has worked with multiple organizations such as CARE Ratings, Deutsche Bank group, DBS Bank, Bank of Nova Scotia. He has extensive experience in the field of credit risk assessment and project appraisals.