SEBI circular no. SEBI/HO/AFD/AFD-PoD-2/CIR/P/2023/148 dated August 24, 2023, provides for a repository containing names of listed companies forming part of each Indian corporate group, to be publicly disseminated on the websites of Stock Exchanges/ Depositories.

In this regard, broad factors adopted for carrying out the grouping exercise are given below:


1. Subsidiaries/ holding companies (more than 50% common ownership) and associates (between 20-50% common ownership) are considered group companies
2. Disclosures made in annual reports.
3. Disclosures made on the websites of companies.
4. Brief profile of applicant company detailing its history and activities carried by it.
5. Companies disclosed as 'group companies' by listed companies in their annual reports, on the basis of related party transactions or materiality consideration by the board of the listed company.
6. Companies that are joint ventures between an Indian group and a foreign group, are considered as part of the Indian group.
7. Promoter/promoter group of a company being a major shareholder of another company. For example, if P-1 is promoter / promoter group of company C-1 and if P-1 is a major shareholder of another company -- C-2, then C-2 is part of the same group as C-1.
8. In case the company does not belong to any corporate group in the listed space,the name of the company suffixed with the word 'group'is taken as the group name.
9. In case an entity is equally owned by two groups - suppose 40% ownership by companies A and B in listed company C, in such cases, the company which has management control over company C will be considered for classification of the company.
In view of the above the list of such listed companies is attached as Annexure 1.

Disclaimer: This corporate group repository has been formulated only for the purpose of compliance with SEBI circular no. SEBI/HO/AFD/AFD-PoD-2/CIR/P/2023/148 dated August 24, 2023, and should not be considered as a legal interpretation/ definition of the terms such as 'group/related party/associate companies' mentioned in any other SEBI Regulation/ Circular/ Act etc.