These terms govern access to and use of the TatvaRatings website and the TatvaRatings platform, both operated by Tatva Fintech Pvt. Ltd.
Last updated: 22 August 2026.
[TODO: LEGAL REVIEW] — This page has been written to describe accurately what the site and the product actually do. It has not been reviewed by counsel. Every section marked below needs a lawyer’s pass before publication, and the whole document needs one before it is relied on in a customer contract.
1. Who we are
Tatva Fintech Pvt. Ltd. Office No. 1, Mayfair Towers - II Shivajinagar, Pune Maharashtra 411005, India
CIN: U66190PN2025PTC250051 Email: hello@tatvaratings.com Phone: [TODO: PHONE NUMBER]
In these terms, “we”, “us” and “our” mean Tatva Fintech Pvt. Ltd. “TatvaRatings” means the website at tatvaratings.com together with the login-protected platform.
2. Scope of these terms
The public website. Browsing tatvaratings.com is subject to sections 3 to 6 and 9 to 13 of these terms.
The platform. Access to the login-protected platform is provisioned under a separate written agreement between us and your organisation. Where that agreement conflicts with these terms, that agreement prevails. These terms apply to platform use only to the extent they are not displaced by it.
There is no self-service signup, no public sandbox and no online purchase path. Nothing on this website is an offer capable of acceptance, and no contract for access is formed by using the site.
[TODO: LEGAL REVIEW] — confirm the precedence wording between these terms and the negotiated customer agreement, and confirm that the “no offer” statement is expressed correctly under the Indian Contract Act, 1872.
3. What the data is
TatvaRatings is built from publicly published credit rating disclosures — press releases and rating rationales published by credit rating agencies on their own websites. Records are parsed into a structured schema and indexed, including from the lender’s side.
You should understand the following before relying on anything obtained from TatvaRatings.
The data is not ours in origin. It is public disclosure. We hold no licence from, partnership with, endorsement by or affiliation with any credit rating agency, and none is implied. We do not present the data as official, authorised or proprietary.
We hold no regulatory status. TatvaRatings holds no registration, licence, recognition or approval from the Reserve Bank of India or the Securities and Exchange Board of India. It is not a credit rating agency, not a credit information company, and not a reporting institution under any supervisory framework.
We express no credit opinion. TatvaRatings publishes no score, no rank and no rating of its own. Ratings held in the platform are the opinions of the agency that issued them, attributed to that agency.
Nothing is advice. Nothing on this website or in the platform is investment advice, credit advice, legal advice or a recommendation to extend, decline, price, syndicate or withdraw credit. Any decision you take remains yours.
4. Limits on the data — no warranty of completeness or currency
You acknowledge and accept the following characteristics of the dataset. They are described in full on Data limits and are incorporated into these terms by reference.
Not complete. Only a portion of rating actions publish a lender-wise annexure, because disclosure of lender details depends on the issuer’s consent. The rated universe is itself a minority of any lender’s borrowers. Every count and every amount is a floor — the amount evidenced by published documents — and the true position is larger by a margin we do not estimate.
Not current. A lender-wise annexure reflects a sanctioned position as at the rating action date. It is not an outstanding balance and it is not today’s position. A cooperating issuer’s rating is reviewed periodically rather than continuously, broadly once a year, so a typical record describes a position a year or more old.
Not error-free. Records are extracted from source documents that vary in structure and quality. Entity resolution across variant names carries residual error. Where an agency restated a figure, the figure is captured as the agency printed it; we do not reconcile agency figures to audited statements.
Accordingly, TatvaRatings is provided “as is” and “as available”, and to the maximum extent permitted by law we give no warranty, express or implied, as to completeness, accuracy, currency, fitness for a particular purpose or non-infringement.
[TODO: LEGAL REVIEW] — confirm the enforceability and drafting of this disclaimer under Indian law, including the Sale of Goods Act, 1930 and the Consumer Protection Act, 2019 to the extent either applies to a B2B software service.
5. What TatvaRatings must not be used for
You must not use TatvaRatings:
- as a system of record for exposure, or as a control in any process that requires a current or complete exposure position;
- for regulatory reporting, capital computation, or provisioning, or any determination where completeness or currency is a regulatory requirement;
- as a substitute for verification of a specific borrower through your own channels before you act;
- as exposure monitoring or an early-warning function. There is no continuous observation and no signal between an issuer’s rating actions.
Use it to see the shape of the market, find counterparties, size a sector and generate questions. Then verify.
6. Acceptable use
You must not:
- access the platform without authorisation, share sign-in credentials or one-time codes, or permit use of your account by anyone else;
- attempt to circumvent authentication, tenant isolation, access controls or usage limits;
- scrape, crawl, bulk-extract or systematically download from the website or the platform by automated means, other than as expressly permitted in your organisation’s agreement;
- reverse engineer, decompile or attempt to derive the source code, schema or extraction logic of the platform, except to the extent that restriction is void under applicable law;
- introduce malicious code, or take any action that impairs or unreasonably burdens the service or its infrastructure;
- use TatvaRatings in breach of any applicable law, including any restriction that applies to you as a regulated entity;
- use TatvaRatings to build a competing dataset or product;
- misrepresent TatvaRatings output as official, authorised, regulator-sourced, agency-endorsed, or as a current or complete exposure position.
We may suspend access where we reasonably believe this section has been breached.
7. Outputs, redistribution and resale
Internal use. Where your organisation has been provisioned access, outputs — screens, exports, reports and query results — may be used for your organisation’s own internal business purposes by the users provisioned under your agreement.
No redistribution or resale. You must not sell, licence, sublicense, syndicate, publish, or otherwise make available TatvaRatings outputs to any third party, whether alone or as part of another product or service, and whether or not for a fee. You must not use outputs to create a derived dataset for distribution outside your organisation.
Limited attributed reference. Incidental reference to a figure obtained from TatvaRatings in a document prepared for a client or counterparty is permitted only where the figure is attributed to TatvaRatings, carries its as-at date, and is not presented as a complete or current exposure position. Anything beyond incidental reference requires our prior written consent.
Source documents. The underlying rating press releases are published by the agencies on their own websites and remain subject to whatever terms those agencies apply to them. Nothing in these terms grants you any right in respect of an agency’s own material, and agency narrative prose is not reproduced at length in the platform.
[TODO: LEGAL REVIEW] — the redistribution clause, the “incidental reference” carve-out, and the interaction with credit rating agencies’ own website terms of use all need counsel. In particular, CRA website terms may impose contractual restrictions on automated access that are separate from copyright and have not been reviewed.
8. Access, accounts and provisioning
Access is provisioned to an organisation under a written agreement, and users are provisioned inside that organisation by its own administrator. Sign-in is by a one-time code sent to a work email address, and only one session per user is active at a time — signing in again ends the earlier session.
You are responsible for the accuracy of the account details you give us, for the acts and omissions of users provisioned under your organisation, and for telling us promptly if you believe an account has been compromised or a user should no longer have access.
We may modify, suspend or discontinue features of the platform. Where a change would materially reduce what your organisation has contracted for, the notice and remedy provisions of your agreement apply.
9. Intellectual property
The website, the platform, the schema, the extraction and entity-resolution logic, the lender-side index and all associated software, design and text are owned by Tatva Fintech Pvt. Ltd. or its licensors. The TatvaRatings name and marks are ours.
Nothing in these terms transfers any intellectual property to you. Rights in the underlying public disclosures rest with their publishers.
[TODO: LEGAL REVIEW] — confirm the characterisation of rights in extracted factual data under Indian copyright law, and confirm the marks position.
10. Limitation of liability
To the maximum extent permitted by law:
- we are not liable for any indirect, incidental, special, consequential or punitive loss, or for loss of profit, revenue, business, goodwill, anticipated savings, or data, however arising;
- we are not liable for any loss arising from a credit, investment, lending, pricing or commercial decision taken in reliance on TatvaRatings, or from the incompleteness, staleness or inaccuracy of any record;
- our aggregate liability in connection with TatvaRatings is limited to the amount specified in your organisation’s written agreement with us, and where no such agreement exists, to a nominal amount
[TODO: LEGAL REVIEW]— insert the cap for website-only users.
Nothing in these terms excludes or limits liability that cannot lawfully be excluded or limited, including liability for fraud or fraudulent misrepresentation.
[TODO: LEGAL REVIEW] — the entire limitation and the interaction between the cap here and the cap in the negotiated customer agreement.
11. Indemnity
You will indemnify us against claims, losses and reasonable costs arising from your breach of sections 5, 6 or 7, or from your misrepresentation of TatvaRatings output to a third party.
[TODO: LEGAL REVIEW] — scope, mutuality and procedure for this indemnity.
12. Privacy
Our handling of personal data is set out on Privacy. In short: the rating corpus contains no personal data; the personal data we hold relates to the people who use the platform and to anyone who writes to us through the contact form.
13. Changes, governing law and jurisdiction
Changes. We may update these terms. The “last updated” date above changes when we do. Where a change materially affects a provisioned customer, we will notify the customer’s administrator.
Governing law. These terms and any dispute arising out of or in connection with them are governed by the laws of India.
Jurisdiction. The courts at Pune, Maharashtra have exclusive jurisdiction.
[TODO: LEGAL REVIEW] — confirm exclusive jurisdiction at Pune, and decide whether an arbitration clause under the Arbitration and Conciliation Act, 1996 should be included instead for customer contracts.
Questions
Write to hello@tatvaratings.com, or use the contact form.