Anand Rathi has been given a ratings upgrade by CARE due to a significant ₹745 crore equity infusion, which is expected to enhance the company's financial leverage. The firm benefits from an experienced management team and a strong established presence. However, its relatively modest scale and intense competition remain challenges.

Anand Rathi has issued a total of 1,000 non-convertible debentures (NCDs) worth INR 10 crores, with each NCD carrying a face value of INR 1 lakh and offering a quarterly interest rate of 9.5%. These NCDs are secured by the company's receivables and will mature on March 31, 2026.