Incorporated in 2007 and headquartered in Delhi, Indian Energy Exchange Limited (“IEX”) offers an online electricity trading platform for trading, clearing and settlement operations. IEX is approved and regulated by Central Regulatory Electricity Commission and is operating since June 2008. It is the market leader in exchange trading of energy holding ~98% market share. It also holds the distinction of being the #1 energy exchange in the world in terms of number of registered participants with 4000 participants across utilities from 29 States, 5 Union Territories and 1000+ private generators and more than 3000 open access consumers leveraging the Exchange platform to manage their power portfolio. IEX enables efficient price discovery and price risk management for participants of the electricity market. In Oct’17, IEX successfully listed in the stock market with over 2.8x subscription
