The National Stock Exchange (NSE) Managing Director and CEO, Ashishkumar Chauhan, saw a 41% increase in his remuneration over the last two financial years, reaching Rs 15.88 crore in FY26 as per the exchange’s draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) for its upcoming IPO. Chauhan’s remuneration stood at Rs 13.99 crore in FY25 and Rs 11.26 crore in FY24.
According to the DRHP, Public Interest Director Sundararajarao Sudarshan’s sitting fees rose by 22% to Rs 42.5 lakh in FY26 from Rs 34.8 lakh in FY24. Non-Independent Director Veneet Nayar also saw a significant increase in sitting fees, nearly doubling to Rs 20.8 lakh in FY26 from Rs 10.5 lakh in FY24.
The NSE, India’s largest stock exchange, is gearing up for its long-awaited public listing following regulatory approval for the IPO process. The disclosed remuneration excludes contingent or deferred compensation earned in FY26, to be paid in subsequent years, as highlighted in the DRHP.
The exchange’s core operating performance in FY26 moderated due to a slowdown in trading activity across key market segments. Revenue from operations declined by over 3% year-on-year to Rs 16,601.3 crore in FY26 from Rs 17,140.67 crore in the previous financial year. Revenue from transaction charges, the main source of operating income, fell by 4% to Rs 13,057.01 crore from Rs 13,635.76 crore in FY25.
