KARAM Safety Private Limited, a leading manufacturer of personal protective equipment (PPE) and height safety systems, has received a significant upgrade in its credit rating. CRISIL Ratings has upgraded the company’s long-term rating from ‘CRISIL A/Stable’ to ‘CRISIL A+/Stable’, while reaffirming the short-term rating at ‘CRISIL A1’.
The improved rating reflects CRISIL’s confidence in KARAM Safety’s strong financial profile, stable operations, and leadership position in India’s safety solutions industry. It also signals the company’s enhanced ability to meet its financial obligations and maintain long-term operational resilience.
Speaking on the achievement, Rajesh Nigam, President–Technical, KARAM Safety, said the upgrade highlights the company’s solid financial foundation and commitment to delivering high-quality safety solutions. “We remain focused on scaling innovation and creating long-term value as we expand across India and global markets,” he added.
Hemant Sapra, President–Global Sales & Marketing, stated that the upgraded outlook reinforces stakeholder trust and recognises the efforts of teams across manufacturing, R&D, and operations. He noted that the recognition encourages the company to continue raising safety standards worldwide.
The rating upgrade marks a key milestone in KARAM Safety’s growth journey and signals a stronger future. With renewed confidence from CRISIL, the company aims to further strengthen innovation, deepen its global presence, and continue building a safer working environment for industries across the world.