About NSE Indices Limited
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NSE Indices Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Nse Investments Limited. It operates in the credit rating agencies segment of the financial services sector. It was incorporated on 18 May 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U73100MH1998PLC114976. Its GSTIN is 27AAACI5633A1Z1 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.3 Cr. It was formerly known as India Index Services and Products Limited. It is led by directors including Aniruddha Chatterjee (Managing Director) and Ankit Sharma.
Its last annual general meeting (AGM) was held on 08 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Exchange Plaza C – 1 Block Gbandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2026, the company reported a revenue of ₹186.04 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹99.56 Cr (net margin 53.5%) and EBITDA of ₹134.54 Cr (EBITDA margin 72.3%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 1% over five years.
The company has about 59 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: NSE Indices Limited and NSE India. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 2 deals on record (2 secondary share transfers); the latest was in August 2013. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 7 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website niftyindices.com.
Company details
CIN history
NSE Indices has one previous CIN (Corporate Identification Number): U73100MH2005PTC114976. The current CIN is U73100MH1998PLC114976, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U73100MH1998PLC114976 | Current |
| U73100MH2005PTC114976 | Previous |
Contact details
NSE Indices Limited's registered office is in Mumbai, Maharashtra. Its website is niftyindices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressExchange Plaza C – 1 Block Gbandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Credit Rating Agencies
To see the full contact details of NSE Indices Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
NSE Indices operates two associated brands: NSE Indices Limited and NSE India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Stock exchange services including equities and derivatives are offered. | nseindia.com | |
| Index management and financial benchmarking services in India. | niftyindices.com |
Business activity
The main business activity of NSE Indices is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of NSE Indices Limited, buy the company report.
Financials of NSE Indices Limited
FY 2026 filings availableNSE Indices Limited reported revenue of ₹186.04 Cr (up 16% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 16% growth in the latest year. EBITDA rose 9% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹186.04 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹134.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹99.56 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 72.3% | ||||
| Net Profit Margin | 53.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of NSE Indices Limited, buy the company report.
Board of directors of NSE Indices Limited
NSE Indices has 7 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Sharma | Director | 20 Mar 2024 | 2 Years 7 Months | Current |
| Piyush Sudhir Chourasia Also directs: NSE Data & Analytics Limited, NSE Ifsc Limited, NSE Ifsc Clearing Corporation Limited and 2 more | Director | 24 Jan 2024 | 2 Years 9 Months | Current |
| Sriram Krishnan Also directs: NSE Ifsc Limited, National Securities Depository Limited, National Coal Exchange of India Limited and 5 more | Director | 21 Jun 2023 | 3 Years 4 Months | Current |
| Aniruddha Chatterjee | Managing Director | 01 Apr 2025 | 1 Years 7 Months | Current |
| Ian Gerard Desouza | Director | 31 Jul 2024 | 2 Years 3 Months | Current |
| Bimalkumar Natvarlal Patel Also directs: Care Ratings Limited, NSE Sustainability Ratings & Analytics Limited, NSE Data & Analytics Limited and 2 more | Director | 05 May 2025 | 1 Years 6 Months | Current |
Auditor
NSE Indices Limited is audited by Gokhale & Sathe for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gokhale & Sathe | FY 2026 | 103264W |
Shareholding
The shareholding of NSE Indices Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of NSE Indices Limited, buy the company report.
Deals & funding
NSE Indices Limited has 2 deals on record (2 secondary share transfers); the latest was in August 2013.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2013 | Secondary share transfer | Undisclosed | Buyer: Nse Investment Limited & Ravi Varanasi, Nse Investment Limited & Yatrik Vin, Nse Investment Limited & M Vasudev Rao Seller: Crisil Limited & Raman Uberoi, Crisil Limited & Dinesh Sharma, Crisil Limited & Arun Panicker |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Nse Investments Limited & Chitra Ramakrishna, Nse Investments Limited & Sundaraman R, Nse Investment Limited & J Ravichandran Seller: National Stock Exchange Of India Limited & Chitra Ramkrishna, National Stock Exchange Of India Limited & Sundaraman R, National Stock Exchange of India Ltd. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
NSE Indices Limited has 3 court cases on record: 2 filed by NSE Indices, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against Singapore Exchcange Derivatives Trading Ltd. and Anr. and 1 other | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Singapore Exchange Derivatives Trading Ltd. and Anr | Disposed |
| Bombay High Court | Court case (CARBP) | Filed by the company against Singapore Exchange Derivatives Trading Limited and Anr and 1 other | Disposed |
To see the full case history of NSE Indices Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
NSE Indices Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 7 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cyber Managers Software Services Private Limited | |||
| Paramatrix Technologies Limited |
To see the full MSME payment records of NSE Indices Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
NSE Indices Limited has a workforce of 59 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
NSE Indices has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI5633A1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 33AAACI5633A1Z8 | Tamil Nadu | Active | 30 Aug 2017 |
To see the full GST registrations and return filing status of NSE Indices Limited, buy the company report.
Recent activity
NSE Indices Limited has 35 board changes on record since 2007: 7 appointments and 28 cessations. The latest: Bimalkumar Natvarlal Patel ceased to be Additional Director on 07 Aug 2025.
26 earlier events are in the company report.
News
Frequently asked questions
NSE Indices is an active public limited company based in Mumbai, Maharashtra, India. The company works in credit rating agencies, within the financial services industry. It was incorporated on 18 May 1998 (28+ years old) and is registered under CIN U73100MH1998PLC114976.
NSE Indices has 7 current directors:
- Aniruddha Chatterjee - Managing Director
- Ankit Sharma - Director
- Piyush Sudhir Chourasia - Director
- Sriram Krishnan - Director
- Ian Gerard Desouza - Director
- Bimalkumar Natvarlal Patel - Director
- Dakshita Das - Director
The latest financial statements of NSE Indices on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 08 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of NSE Indices is 27AAACI5633A1Z1, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACI5633A1Z8 (Tamil Nadu).
The CIN (Corporate Identification Number) of NSE Indices is U73100MH1998PLC114976. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NSE Indices has 3 court cases on record: 2 filed by the company and 1 filed against it.
NSE Indices was incorporated on 18 May 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
NSE Indices has 2 deals on record (2 secondary share transfers); the latest was in August 2013.
Bimalkumar Natvarlal Patel ceased to be Additional Director on 07 Aug 2025. Ian Gerard Desouza ceased to be Additional Director on 07 Aug 2025. Bimalkumar Natvarlal Patel was appointed as Director on 05 May 2025. NSE Indices has 35 board changes on record in total.
NSE Indices has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 7 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Oct 2019.
NSE Indices can be reached through the website niftyindices.com. Its registered office is in Mumbai, Maharashtra, India.
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