RGSPL is a category I merchant banker and is engaged in the business of primary debt placement, debt syndication and trading in secondary debt market instruments.
The rating favourably factors in the experience of the management team of RGSPL in the line of business, its good customer base and established relationships with customers and brokers, which have led to moderate growth in business volumes.
RGSPL commenced its operations in September 2007 and its return on net worth has been varying from about 14% for 2007-08 to 24% for 2008-09 and 7% for 2009-10.