FTSE Index Rejig: Tata Capital, Lenskart, Groww and Meesho Added To Global Benchmarks

India’s expanding new-age and financial services space has received another global endorsement, with FTSE Russell announcing the inclusion of several major Indian companies in its latest May 2026 index review. Among the prominent additions are Tata Capital, Lenskart, Groww and Meesho, which will be added to the FTSE All-World Index and FTSE Global All Cap Index. The changes will become effective from 22 June 2026.

The latest rejig also includes LG Electronics India and ICICI Prudential Asset Management Company, further strengthening India’s representation in globally tracked equity benchmarks.

FTSE Adds More Indian Companies To Global Benchmarks

FTSE Russell’s global indices are among the most closely tracked benchmarks by passive funds, ETFs and institutional investors worldwide. Any inclusion typically increases a stock’s visibility among foreign portfolio investors and can potentially lead to passive inflows linked to index-tracking funds.

The inclusion of Tata Capital comes at a time when investor interest in India’s non-banking financial companies remains elevated. The addition of Groww and Lenskart reflects the rising global recognition of India’s digital-first consumer and fintech businesses, while Meesho’s inclusion highlights growing investor confidence in the country’s value-driven e-commerce model.

For Groww and Lenskart, the FTSE move follows their recent inclusion in domestic benchmark baskets as well. Groww-parent Billionbrains Garage Ventures had earlier entered the BSE LargeCap index after listing, while Lenskart also joined the same benchmark.

India’s Global Index Weight Continues To Rise

The FTSE All-World Index tracks large- and mid-cap companies across developed and emerging markets, while the FTSE Global All Cap Index covers large-, mid- and small-cap stocks globally. Together, these benchmarks are tracked by hundreds of billions of dollars in institutional assets, making constituent changes highly relevant for market participants.

India’s weight in global emerging market indices has steadily risen over the past few years, driven by strong domestic economic growth, deepening capital markets and a robust initial public offering (IPO) pipeline. The addition of these companies signals how India’s listed universe is increasingly moving beyond traditional banking and industrial names to include consumer internet, fintech, digital retail and platform-led businesses.

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CNBC TV18