The National Stock Exchange of India (NSE) made its debut in top 10 at ninth position in the Exchanges 10 2025 ranking by Brand Finance, the world’s leading brand valuation consultancy.

NSE’s brand value jumped 39% to USD526 million in 2025, marking a significant milestone for the country’s largest stock exchange. The increase is underpinned by robust forecasted revenues, a record-breaking IPO wave, rising derivatives activities, and strong performance in index-related businesses. In FY2023 – 24, NSE’s revenue rose 25% year-on-year to INR14,780 crore (approximately USD1.78 billion), while net profit climbed up 13% to INR8,306 crore (approximately USD1.0 billion).

With 91 large companies raising INR1.6 trillion (approximately USD19.3 billion) through IPOs in 2024 and overall equity fundraising more than doubling to INR3.73 trillion (approximately USD44.9 billion), NSE’s growth underscores India’s accelerating capital market momentum and its growing influence on the global financial stage.  

Additionally, NSE is the seventh strongest exchange brand in the 2025 ranking. It recorded a Brand Strength Index (BSI) score of 78.1/100 and an AA+ brand strength rating. Brand Finance’s market research highlights the exchange’s strong reputation, marked by exceptional levels of familiarity, understanding, and appeal among stakeholders.

Ajimon Francis, Managing Director, Brand Finance India, commented: "NSE’s debut in the global top 10 signals more than just impressive brand value growth. It reflects a broader shift in global financial gravity. NSE’s standout quality is the technology backbone that it offers and various tech-driven services that investors can avail to ensure safe and quick transactions. India’s deepening capital markets, supported by rising investor participation, record IPO activities, and innovation in products, are gaining global relevance."

As one of only three Asian exchange brands in the sector’s top 10, NSE’s ascent signals not just the strength of India’s capital markets, but also Indian economy’s increasing relevance in shaping the future of global finance.

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Global Insights

Nasdaq has become the world’s most valuable exchanges brand for the first time. Its brand value has grown 33% to USD3.1 billion, meaning it has overtaken CME to hold the top spot.

HKEX has become the world’s strongest exchanges brand with a Brand Strength Index (BSI) score of 89.1/100 with a AAA brand rating.