Key Details

Regulatory Reference: Filed with BSE Limited and National Stock Exchange of India Limited

Appointment Details

eMudhra Limited has been appointed as a Validation Agent of Legal Entity Identifier India Limited (LEIL) in the Global LEI System by the Global Legal Entity Identifier Foundation (GLEIF). This appointment was announced on September 10, 2026, and formally disclosed to exchanges on September 13, 2026.

Role and Responsibilities

As a Validation Agent, eMudhra will work with LEIL (a GLEIF-accredited LEI Issuer and wholly owned subsidiary of Clearing Corporation of India Limited) to incorporate LEI application and renewal services into its established identity verification and onboarding processes. LEIL is currently the only LEI Issuer recognized by the Reserve Bank of India (RBI) under the Payment and Settlement Systems Act.

Operational Impact

The arrangement will enable organizations to obtain and maintain Legal Entity Identifiers through eMudhra's digital trust ecosystem, reducing the need for separate checks across different services. LEIL will ensure issuance and maintenance of LEI records in accordance with Global LEI System requirements.

Market Context

India became the jurisdiction with the largest number of active LEIs in January 2026 and recorded the highest growth rate of any jurisdiction during the second quarter of 2026. The development also aligns with the Financial Action Task Force's June 2025 revision of Recommendation 16, which establishes standardized information requirements for cross-border payments and recognizes the LEI as an identifier for legal persons.

Company Background

eMudhra is a global provider of digital identity, authentication, and trust services for customers in over 35 countries. It is India's largest licensed Certifying Authority and a globally recognized public Certificate Authority with expertise in public key infrastructure (PKI), electronic signatures, identity and access management, and certificate lifecycle management.

Management Commentary

  • Alexandre Kech, CEO of GLEIF: "Sustained growth in the adoption and application of the LEI in India over recent years shows how trusted, verifiable organizational identity supports transparency and interoperability across the global digital economy."
  • Nand Kishore, Director of LEIL: "We welcome eMudhra as a Validation Agent, a collaboration that marks a step forward in simplifying and accelerating LEI acquisition."
  • Kaushik Srinivasan, Co-Founder of eMudhra: "Becoming a Validation Agent of LEIL in the Global LEI System is a natural extension of eMudhra's role as a trusted Certifying Authority."

Global Context

There are over 20 Validation Agents globally, spanning Africa, Australasia, China, Europe, India, the Middle East, and North America.

Financial Impact

Financial impact not quantified in the disclosure.