ONDC is in an early stage of formation. It has been incorporated as a Section 8 company in December 2021 with the Quality Council of India and Protean eGov Technologies Limited as initial promoters. Other institutions that have committed funding are :
- Quality Council of India
- Protean eGov Infrastructure
- Bombay Stock Exchange Investments Limited
- National Stock Exchange Investments Limited
- Kotak Mahindra Bank Limited
- Axis Bank
- HDFC Bank
- IDFC First Bank
- Small Industries Development Bank of India (SIDBI)
- State Bank of India
- National Bank for Agriculture and Rural Development (NABARD)
- Bank of Baroda
- CSCeGovernance Services India Limited
- UCO Bank
- Central Depository Services (India) Limited
- Punjab National Bank
- ICICI Bank Limited
- National Securities Depositories Limited (NSDL)
- Bank of India
Board of Directors
Founding Members
Jaxay Shah
Chairman
QCI
Suresh Sethi
MD & CEO
Protean eGov Technologies
Shareholders Representative
Ashishkumar Chauhan
MD & CEO
NSE
Ashish Parthasarthy
Head Treasury & GIB
HDFC Bank
Nitin Chugh
DMD & Head of Digital Banking & Transformation
SBI
S Raman
CMD
SIDBI
Government Nominee
Ateesh Singh
Joint Secretary-AFI
M/O MSME
Sanjiv
Joint Secretary, DPIIT
M/O Commerce & Industry
Vineet Mathur
Joint Secretary
M/O Consumer Affairs
Independent Members
Adil Zainulbhai
Chairman
Capacity Building Commission
Anjali Bansal
Founding Partner
Avaana Climate Sustainability Fund
Arvind Gupta
Co-Founder and Head
Digital India Foundation
Ritesh Tiwari
ED & CFO
HUL
MD and CEO
Thampy Koshy
MD & CEO
ONDC