India’s National Stock Exchange (NSE) witnessed the inauguration of the country’s first listing on the NSE Social Stock Exchange (SSE). The event unfolded in the distinguished presence of Shri. Ashishkumar Chauhan, MD & CEO of NSE, alongside notable figures such as Dr. R Balasubramaniam, Chairman of the Advisory Committee for Social Stock Exchange at SEBI, Shri Ramesh Swami, Founder Director of Unnati, and Shri. Ashwani Bhatia, Whole Time Member at SEBI.
The groundbreaking initiative establishes a framework for transparent and impactful philanthropy. Exchange listings mandate disclosure of fund-raising purposes, timelines, and annual impact reports audited by social audit firms, reinforcing transparency and accountability. As the inaugural listing takes place, experts anticipate that 38 more Non-Profit Organizations (NPOs) registered with NSE SSE will follow suit, with additional listings anticipated in the months ahead.
Ashish Chauhan, MD & CEO at NSE, emphasized the unique impact investing approach of Social Security Enterprises (SSEs). This innovative strategy serves as a bridge between donors and NPOs, fostering collaboration for social change. The SSE model promotes transparency, trust, efficiency, and cost savings, uniting philanthropists, investors, and NPOs in a collective effort toward a sustainable and equitable future.
