Who We Are
IiAS Sustainability Solutions Limited (IiAS Sustain) is an ESG Rating Provider dedicated to delivering high-quality ESG ratings, benchmarks, data, and insights on companies’ environmental, social, and governance disclosures and practices. IiAS Sustain is registered with the Securities and Exchange Board of India (SEBI) as a Category II ESG Rating Provider (ERP) and is a wholly owned subsidiary of Institutional Investor Advisory Services India Limited (IiAS).
IiAS Sustain’s objective is to enable investors, companies, and regulators to integrate ESG considerations into decision-making through transparent, data-driven, and independent evaluations. Our ESG ratings and benchmarks are designed to provide comparability across companies and sectors, while our analytical opinions help stakeholders interpret ESG disclosures in the context of best practices, regulatory requirements, and global standards.
By combining IiAS’ deep expertise in corporate governance with rigorous ESG frameworks, IiAS Sustain is uniquely positioned to support the Indian market in strengthening accountability, improving disclosure quality, and advancing the sustainability agenda.
SEBI Registration: INH000000024 (Registration Category-II/0006)
Governance & Research
Independent opinions, research, and data on corporate governance and ESG issues.
Technology Platforms
Cloud-based platforms like SMART and ADRIAN for stewardship and data analysis.
ESG Integration
Guiding hedge funds, AIFs, and PE Funds in their ESG assessments and investment decisions.
Our People
Board of Directors

Amit Tandon
Founder and Managing Director
Led Fitch Ratings in India & Sri Lanka; prior leadership roles at ICICI Securities across capital markets, M&A, and advisory businesses.

Dr. Shubhada Rao
Independent, Non-Executive Director
Founder of QuantEco; ex-Chief Economist at YES Bank. Renowned for forward-looking economic commentary. Gold medalist and PhD in Economics, University of Mumbai.

Hetal Dalal
President and Chief Operating Officer
Prior to joining IiAS, Hetal Dalal was Director, Ratings Business Development at CRISIL Limited. She held leadership roles across several business verticals during her stint at CRISIL. Her experience spans analytics, operations, and business development. Hetal holds an MMS (Finance) degree from NMIMS and is a Chartered Accountant.
Policies
IiAS Voting Recommendations' Methodology and Process
A brief note outlining the method and process that IiAS’ analysts follow in arriving at voting recommendations.
Securities Trading Policy
IiAS is a proxy advisory firm dedicated to providing market participants with data, research and opinions on corporate governance issues. Our voting advisory reports recommend how investors should vote on shareholder resolutions – these do not carry any buy or sell recommendations.
Anti-Money Laundering Policy
As per SEBI AML guidelines, IiAS has adopted this AML Policy, commensurate with its business and clients.
Website Privacy Policy
In general, this Website may be visited without revealing information about yourself. Some features may require limited personal information.
Policy on dealing with Complaints and Grievances received from Market Participants
The process to be followed in dealing with complaints and grievances received from market participants.
Review and Oversight Committee
The Review and Oversight Committee (ROC) has been constituted to oversee the voting recommendations published by IiAS.
Policy on Communication with Investors, Companies, Media and Regulators
The basis of IiAS’ communication with such stakeholders, with specific context to its voting advisory and engagement services.
Policy on Prevention of Sexual Harassment
IiAS is an equal employment opportunity company and is committed to creating a healthy working environment.
Nomination and Remuneration Policy
Guide on appointment, remuneration, removal and evaluation of performance of Directors, KMP and employees.
Investor Charter in respect of Research Analyst (RA)
Investor Charter in respect of Research Analyst (RA) with reference to SEBI Circular dated 13 December 2021.
Management of Conflicts of Interest Policy
Preserving research integrity and preventing conflicts of interest related to IiAS’ voting advisory services.
Disclosures
IiAS Securities Holding Statement
IiAS may, from time to time, own nominal shares in companies that form a part of its coverage list for its voting advisory services. Holdings are generally one equity share per listed company under coverage; quantities may vary due to corporate actions. The holdings are updated at regular intervals.
Appointment Letter for Independent Directors
Letter of appointment issued to independent directors.
IiAS Shareholders
Our shareholders include: Aditya Birla Sunlife AMC Limited, Axis Bank, Fitch Group Inc., HDFC Bank, ICICI Prudential Life Insurance, Kotak Mahindra Bank, RBL Bank, Tata Investment Corporation, UTI Asset Management and Yes Bank. In addition, the following individuals own equity shares in the company: Amit Tandon, Anil Singhvi, Deven Sharma, Hetal Dalal, and R Jayakumar.
Annual Return
Annual return required pursuant to sub-section (1) of section 92 of Companies Act, 2013 and sub-rule (1) of rule 11 of the Companies (Management and Administration) Rules, 2014.
Disclosure relating to complaints received
Investors complaints data disclosed monthly under SEBI circular no. SEBI/HO/IMD/IMD-II CIS/P/CIR/2021/0685.
Terms & Conditions
Terms of Use
These terms govern your use of our website and services. By accessing or using our platform, you agree to be bound by these terms and conditions.
Privacy Policy
We are committed to protecting your privacy. This policy explains how we collect, use, and safeguard your personal information when you use our services.
Data Protection
We implement appropriate security measures to protect your personal data against unauthorized access, alteration, disclosure, or destruction.
Service Limitations
Our ESG ratings and recommendations are provided for informational purposes. Investment decisions should be made based on your own analysis and professional advice.
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