Securities and Exchange Board of India (SEBI) income rises 48% to Rs. 2,075 crore (US$ 238.1 million) in FY24, driven by fees, subscriptions

The Securities and Exchange Board of India (SEBI) recorded a 48% increase in total income, reaching Rs. 2,075 crore (US$ 238.1 million) in 2023-24, primarily driven by higher earnings from fees and subscriptions. Fee income surged to Rs. 1,851.5 crore (US$ 212.4 million) from Rs. 1,213.22 crore (US$ 139.2 million) in the previous year. Income from investments rose to Rs. 192.41 crore (US$ 22.1 million), while other income increased to Rs. 18 crore (US$ 2.1 million). SEBI’s revenue sources include annual fees, listing fees, stock exchange contributions, registration and renewal fees, and company offer document filings. 

The regulator’s total expenditure rose to Rs. 1,006 crore (US$ 115.4 million) in FY24, up from Rs. 851.33 crore (US$ 97.7 million) in FY23. Establishment expenses grew to Rs. 696.43 crore (US$ 79.9 million), while administrative costs increased to Rs. 218 crore (US$ 25 million). SEBI’s general fund closed at Rs. 5,573 crore (US$ 639.4 million), including a Rs. 1,065 crore (US$ 122.2 million) surplus. The Investor Protection & Education Fund (IPEF) stood at Rs. 533.17 crore (US$ 61.2 million), while the Disgorgement Fund had Rs. 7.38 crore (US$ 847,000). SEBI invested Rs. 2,521.23 crore (US$ 289.3 million) in bonds, government securities, and bank deposits, reinforcing its financial stability. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.