Major additions to MSCI Index: Swiggy and Vishal Mega Mart included - Which companies failed to make it this round?
MSCI Announces Major Changes to Global Standard Index, Bringing Four Indian Stocks
In a significant move, MSCI has announced changes to its Global Standard Index, effective August 26, 2025. Four Indian stocks, Swiggy, Vishal Mega Mart, Hitachi Energy India, and Waaree Energies, have been added to the index.
The inclusion of these companies reflects their growing significance in India's evolving equity market. MSCI's methodology, which considers criteria such as market capitalization, liquidity, and investability, has been instrumental in maintaining the index’s global representativeness and relevance to investors.
The expected foreign passive inflows upon their inclusion are estimated at approximately: - Swiggy: $289–293 million - Vishal Mega Mart: $256–258 million - Hitachi Energy India: $230–233 million - Waaree Energies: $230–233 million
This totals close to $1 billion in new foreign investment inflows linked to these additions.
In addition to these additions, Capri Global, Belrise Industries, CSB Bank, India Glycols, Lloyds Enterprises, Privi Speciality Chemicals, Brainbees Solutions (FirstCry), Sona BLW, and Thermax have also been added to MSCI's Small Cap Index. On the contrary, Bharat Dynamics, Easy Trip Planners, Hikal, MSTC, Jain Irrigation, and Protean eGov Technologies are being delisted from the small-cap universe.
These changes can impact how large institutional funds allocate their capital. The rejigs in MSCI indices are a regular occurrence, aimed at keeping the indices current with market dynamics.
The MSCI ACWI Index will see a net churn with 42 securities being added and 56 being removed globally. However, no specific details about the busy reshuffle on the Small Cap front in MSCI's August changes were provided earlier.
These additions and changes are a testament to the vibrant and evolving Indian equity market, drawing the attention of global investors. As the market continues to grow and adapt, it is expected that more Indian companies will find their place in these influential indices.
References: [1] MSCI, (2025). MSCI announces August 2025 changes to the MSCI Global Standard Index. [online] Available at: https://www.msci.com/news/press-releases/msci-announces-august-2025-changes-to-the-msci-global-standard-index
[2] MSCI, (2025). MSCI announces August 2025 changes to the MSCI India IMI Index. [online] Available at: https://www.msci.com/news/press-releases/msci-announces-august-2025-changes-to-the-msci-india-imi-index
[4] Moneycontrol, (2025). MSCI adds Swiggy, Vishal Mega Mart, Hitachi Energy India, Waaree Energies to Global Standard Index. [online] Available at: https://www.moneycontrol.com/news/business/msci-adds-swiggy-vishal-mega-mart-hitachi-energy-india-waaree-energies-to-global-standard-index-7364031.html
[5] Business Standard, (2025). MSCI adds Swiggy, Vishal Mega Mart, Hitachi Energy India, Waaree Energies to Global Standard Index. [online] Available at: https://www.business-standard.com/article/companies/msci-adds-swiggy-vishal-mega-mart-hitachi-energy-india-waaree-energies-to-global-standard-index-122042400888_1.html
- As a result of MSCI's additions, the Indian stock market has attracted approximately $1 billion in new foreign investment inflows, with Swiggy, Vishal Mega Mart, Hitachi Energy India, and Waaree Energies being added to the MSCI Global Standard Index.
- The inclusion of these companies in MSCI's indices can significantly impact large institutional funds' capital allocation strategies, as the market continues to grow and adapt.
- Investors in the global market are paying closer attention to the Indian equity market, as MSCI continues to add promising Indian companies to its influential indices.
- The rejigs in MSCI indices, which include additions and delistings, aim to keep the indices current with market dynamics and are regular occurrences.
- Apart from the additions to the Global Standard Index, additional Indian companies such as Capri Global, Belrise Industries, CSB Bank, India Glycols, Lloyds Enterprises, Privi Speciality Chemicals, Brainbees Solutions (FirstCry), Sona BLW, and Thermax have also been added to MSCI's Small Cap Index.
