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 international buyers who anticipate alignment with international disclosure requirements.
Various Funding Funds (AIFs) should push ESG compliance amongst their investee firms, says Ruchi Chojer, Govt Director, SEBI. She additionally says India’s clear vitality 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 international buyers who anticipate alignment with international disclosure requirements.
Talking on the IVCA Power Summit 2025, Ruchi Chojer mentioned, “As India undertakes its inexperienced transition, the position of capital markets, and significantly Various Funding Funds (AIFs), will likely 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 via junior models in AIFs. It is a very important step in unlocking capital for the vitality transition.”
She additionally mentioned that over the previous three a long time, India’s capital markets have developed considerably, turning into one of many world’s high ten fairness markets with a market capitalization exceeding $4 trillion. A complete of roughly Rs 93 lakh crore has been raised via 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 via 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 via Preliminary Public Choices (IPOs). This underscores the robust urge for food for fairness financing and rising investor participation in main markets. The expansion of merchandise like Various Funding Funds (AIFs), which have surpassed $100 billion, additionally displays this maturity.
The variety of distinctive buyers within the securities market ecosystem has practically tripled from round 4.3 crore in March 2019 to over 13 crore by April 2025. This unprecedented development displays rising monetary consciousness, rising belief within the capital markets, and better 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 international portfolio buyers, who’ve benefited from current reforms corresponding to simpler entry to authorities securities and inexperienced bonds,” she added.
