During the year, CRISIL's advisory services were transferred into a subsidiary, CRISIL Risk and Infrastructure Solutions Limited (CRIS), in line with global best practices of fire-walling these operations from Ratings and Research. CRIS now houses CRISIL Infrastructure Advisory and CRISIL Risk Solutions.

CRISIL Infrastructure Advisory is India's premier advisor on policy, infrastructure and energy, with operations that extend to Africa, the Middle East, and South-East Asia. It has widely acknowledged policy advisory expertise, and also specialises in commercial and contractual issues in the areas of energy, urban infrastructure, and public-private partnerships. CRISIL Infrastructure Advisory has built a unique position for itself in these domains, and is the preferred consultant to governments, multi-lateral lending agencies, and private sector clients.

CRISIL Risk Solutions is India's leading provider of risk solutions for banks, financial institutions, mutual funds, and corporates. It provides risk management services, consulting, and software products, in the areas of credit, market, and operational risk. It partners closely with leading public and private sector banks, and entities in the financial services and insurance sectors, implementing enterprise-wide risk management solutions and helping them prepare for Basel II.