GrowwMastek LtdL&T Technology ServicesICRAAmagi Media LabsSBI Cards and Payment ServicesLenskart SolutionsDalmia BharatAstral LtdWeWork India ManagementBillionbrains Garage VenturesE2E NetworksUrban CompanyAther EnergyLaurus LabsSEDEMAC MechatronicsRubicon ResearchSky Gold And DiamondsAdani Energy SolutionsClean Max Enviro Energy SolutionsMSCI Inc.CMS Info SystemsEmbassy DevelopmentsBalkrishna IndustriesAurionpro SolutionsStar Cement

MSCI India Index adds Adani Energy Solutions, Lenskart, and Groww; small-cap review adds 14 companies, removes 19

The MSCI India Index will add Adani Energy Solutions, Lenskart, and Billionbrains Garage Ventures, while removing three companies, including Astral Ltd. In a separate review, 14 firms will join the MSCI Global Small Cap index, with 19 others exiting, effective August 31, 2026.

Rediff MoneyWiz Rediff MoneyWiz13 August 2026 · 14:27 UTC
CuriousCats Full Story

The MSCI India Index is set to undergo significant changes, with Adani Energy Solutions, Lenskart, and Billionbrains Garage Ventures being added. This adjustment reflects MSCI's latest review, which will take effect on August 31, 2026.1

In addition to these additions, three companies -- Astral Ltd, Balkrishna Industries, and SBI Cards and Payment Services -- will be removed from the index. The inclusion of Billionbrains Garage Ventures is notable as it is the parent company of the digital investment platform Groww.4

In a separate review for the MSCI Global Small Cap index, 14 companies will be added, including Amagi Media Labs, Ather Energy, and WeWork India Management. Meanwhile, 19 companies will exit, such as Aurionpro Solutions and Mastek Ltd. These changes reflect ongoing shifts in the market landscape and investor sentiment, as MSCI continues to refine its indices to better represent the evolving economic environment.23

The adjustments are part of MSCI's commitment to providing accurate and timely updates to its indices, ensuring they reflect the current market conditions and opportunities for investors.

Key Insight
“The small-cap additions include Amagi Media Labs, Ather Energy, and Urban Company, while removals include Aurionpro Solutions, ICRA, and Star Cement. These changes reflect MSCI's periodic rebalancing, which can trigger passive fund flows into the newly added stocks.”
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1
Rediff MoneyWizRediff MoneyWiz
“Four companies -- Adani Energy Solutions, Billionbrains Garage Ventures, Laurus Labs and Lenskart Solutions -- will be added to the MSCI India Index, according to the latest index review by MSCI.”
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EARLIER IN THE STORY:
MSCI India rejig adds Adani Energy, Lenskart, Groww among four additions; small cap index to see 12 added, 19 removed
Business Standard
MSCI India rejig adds Adani Energy, Lenskart, Groww among four additions; small cap index to see 12 added, 19 removed

MSCI has announced changes to its India indices, with revisions taking effect from the close of August 31, 2026.

Adani Energy AdditionBillionbrains Garage VenturesFour Additions
2026-08-13
TL;DR by CuriousCats.ai
  • The MSCI India Domestic Index will see four additions: Adani Energy Solutions, Billionbrains Garage Ventures, Laurus Labs, and Lenskart Solutions, with no deletions.
  • The MSCI India Domestic Small Cap Index will see a broader reshuffle, with 12 stocks added and 19 removed, resulting in a net reduction of seven constituents.
MSCI adds Laurus Labs, Lenskart, Adani Energy, and Groww parent Billionbrains Garage to India Index; drops Astral, Balkrishna, SBI Cards
CNBC TV18CNBC TV18
MSCI adds Laurus Labs, Lenskart, Adani Energy, and Groww parent Billionbrains Garage to India Index; drops Astral, Balkrishna, SBI Cards

The MSCI India Index will add four new constituents: Lenskart Solutions Ltd., Adani Energy Solutions Ltd., Billionbrains Garage Ventures Ltd., and Laurus Labs Ltd., announced on Thursday, August 13.

Adani Energy AddedAdani Energy Solutions LimitedAdani Energy Solutions Ltd.
2026-08-13
TL;DR by CuriousCats.ai
  • MSCI has added Laurus Labs, Lenskart Solutions, Adani Energy Solutions, and Billionbrains Garage Ventures to the MSCI India Index as part of its August 2026 review, announced on August 13.
  • Astral Ltd., Balkrishna Industries Ltd., and SBI Cards and Payment Services Ltd. will be excluded from the MSCI India Index, effective September 1.
  • The changes will be implemented after the close of trading on August 31 and take effect from September 1, increasing the number of constituents in the MSCI India Index to 166 from 165.
  • The inclusion of these four companies is expected to bring potential inflows of up to $600 million into the index.
  • The exclusion of Astral, Balkrishna Industries, and SBI Cards is projected to result in net outflows between $140 million to $170 million.
  • The MSCI India Index is designed to represent the large- and mid-cap segments of the Indian equity market, covering about 85 percent of India’s equity universe.
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