improve it or discuss these issues on the talk page . learn how and when to remove these template messages the neutrality of this article is disputed . relevant discussion may be found on the talk page . please do not remove this message until conditions to do so are met . november 2013 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . november 2013 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . august 2015 learn how and when to remove this template message learn how and when to remove this template message transunion cibil limited formerly credit information bureau india limited type credit information company founded mumbai maharashtra india august 2000 ; 16 years ago 2000 08 headquarters hoechst house 193 backbay reclamation nariman point mumbai maharashtra india area served india key people satish pillai managing director 1 2 m.v.nair chairman 3 services research risk and policy advisory website www.cibil.com transunion cibil limited formerly credit information bureau india limited is india s first credit information company cic founded in august 2000 . cibil collects and maintains records of an individual s payments pertaining to loans and credit cards . these records are submitted to cibil by member banks and credit institutions on a monthly basis . this information is then used to create credit information reports cir and credit scores which are provided to credit institutions in order to help evaluate and approve loan applications . cibil was created to play a critical role in india s financial system helping loan providers manage their business and helping consumers secure credit quicker and on better terms . contents 1 history and origin 2 objectives 3 divisions 4 security standards 5 technical partners 6 shareholding pattern 7 references 8 external links history and origin edit transunion cibil limited formerly credit information bureau india limited or cibil is a credit information company cic founded in august 2000 . this section is empty . you can help by adding to it . june 2015 objectives edit for credit grantors to gain a complete picture of the payment history of a credit applicant they must be able to gain access to the applicant s complete credit record that may be spread over different institutions . cibil collects commercial and consumer credit related data and collates such data to create and distribute credit reports to its members which are credit institutions and banks in india . cibil s over 900 strong member base includes all leading public & private sector banks financial institutions non banking financial companies and housing finance companies . 4 cibil s products especially the credit information report cir and cibil transunion score are very important in the loan approval process . once the loan provider has decided which set of loan applicants to evaluate it analyzes the cir score in order to determine the applicant s eligibility . 5 eligibility basically means the applicants ability to take additional debt and repay additional outflows given their current commitments . post completion of these first 2 steps the loan provider will request for the applicants income proof and other relevant documents in order to finally sanction the loan . the cir and credit score not only help loan providers identify consumers who are likely to be able to pay back their loans but also help them to do this more quickly and economically . this translates into faster loan approvals for consumers . an individual with a credit score above 750 has better bargaining power with the lenders since he is perceived as a responsible borrower . 6 since consumers can now access their credit scores and cirs directly from cibil at the cost of inr 500 7 they can see for themselves how they are perceived by the lenders before applying for a loan . hence cibil empowers both loan providers and individuals to see their financial and credit history more clearly and hence take better and more informed decisions . divisions edit cibil houses credit on over 220 million trades across individuals and businesses organised into two divisions consumer bureau commercial bureau and mfi bureau . the consumer bureau was launched in 2004 with 4 million records and now maintains more than 260 million records . the commercial bureau was launched in 2006 with 0.7 million records and now maintains more than 12 million records . 8 security standards edit transunion cibil limited formerly credit information bureau india limited bis iso 27001 2005 certified the most recognized security standard in the world . transunion cibil limited formerly credit information bureau india limited is one of the 1000 companies in the world which have achieved iso 27001 certification and one of the first few in india . technical partners edit transunion international a leading global credit bureau with presence in over 30 countries . dun and bradstreet a leading global provider of credit information and insights on businesses . shareholding pattern edit entities including transunion leading banks and financial institutions hold a stake in cibil . 9 the details are as follows transunion international inc 1 % icici bank ltd 6 % bank of baroda 5 % bank of india 5 % union bank of india 5 % indian overseas bank 5 % aditya birla trustee company private ltd. 4 % india alternatives private equity fund 2.9 % india infoline finance limited 1 % references edit satish pillai new md & ceo of cibil . business line . 9 july 2015 . retrieved 2 august 2015 . cibil to launch mortgage default database . hindustan times . 2010 07 08 . retrieved 2010 12 08 . not in citation given sbi hdfc dilute stake in cibil . the hindu business line . 2005 05 17 . retrieved 2010 12 08 . how cibil score check chances of landing a job . freescoreindia . retrieved 26 december 2015 . how to resolve your credit report disputes . paisabazaar.com . retrieved 16 september 2015 . important of cibil credit score . credit vidya . 2012 05 17 . retrieved 2010 12 08 . how to get cibil score online . creditvidya . 2012 05 17 . retrieved 2010 12 08 . money indices . money indices . retrieved 26 december 2015 . https www.cibil.com shareholding pattern external links edit official website cibil faq s reserve bank of india cibil kick starts operations fraud repository will help banks accessfinance retrieved from https en.wikipedia.org w index.php title cibil & oldid 744203687 categories companies based in mumbaicompanies established in 2000credit rating agencies in indiahidden categories all articles with failed verificationarticles with 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