SEBI’s Ruchi Chojer additionally reiterates that AIFs should play a key position in driving ESG adoption amongst unlisted investee firms, particularly as 40% of AIF capital comes from overseas buyers who count on alignment with international disclosure requirements.
Different Funding Funds (AIFs) should push ESG compliance amongst their investee firms, says Ruchi Chojer, Government Director, SEBI. She additionally says India’s clear power transition can’t be pushed by listed firms alone, and AIFs should play a key position in driving ESG adoption amongst unlisted investee firms—particularly as 40 per cent of AIF capital comes from overseas buyers who count on alignment with international disclosure requirements.
Talking on the IVCA Vitality Summit 2025, Ruchi Chojer stated, “As India undertakes its inexperienced transition, the position of capital markets, and notably Different Funding Funds (AIFs), might be crucial. Financing long-gestation sectors like grid modernisation, storage, and transmission requires affected person and risk-tolerant capital. SEBI has already enabled blended finance constructions, permitting philanthropic and multilateral capital to speculate by way of junior items in AIFs. This can be a important step in unlocking capital for the power transition.”
She additionally stated that over the previous three many years, India’s capital markets have developed considerably, changing into one of many world’s prime ten fairness markets with a market capitalization exceeding $4 trillion. A complete of roughly Rs 93 lakh crore has been raised by way of each fairness and debt devices, highlighting the essential position of capital markets in funding India’s financial growth. On common, Indian firms have mobilized Rs 2.2 lakh crore yearly by way of fairness issuances. Notably, within the monetary yr 2024–25, the market noticed a record-breaking fairness issuance of Rs 4.3 lakh crore, of which Rs 1.7 lakh crore got here by way of Preliminary Public Choices (IPOs). This underscores the sturdy urge for food for fairness financing and rising investor participation in main markets. The expansion of merchandise like Different Funding Funds (AIFs), which have surpassed $100 billion, additionally displays this maturity.
The variety of distinctive buyers within the securities market ecosystem has almost tripled from round 4.3 crore in March 2019 to over 13 crore by April 2025. This unprecedented development displays rising monetary consciousness, growing belief within the capital markets, and larger digital entry for buyers throughout the nation.
Additional, the official talked about how regulatory management has additionally strengthened, with India now setting international benchmarks quite than following others. “Coverage stability has enhanced investor confidence, particularly amongst overseas portfolio buyers, who’ve benefited from latest reforms equivalent to simpler entry to authorities securities and inexperienced bonds,” she added.
