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

Chairman
QCI

MD & CEO
Protean eGov Technologies
Shareholders Representative

MD & CEO
NSE

Head Treasury & GIB
HDFC Bank

DMD & Head of Digital Banking & Transformation
SBI

CMD
SIDBI
Government Nominee

Joint Secretary-AFI
M/O MSME

Joint Secretary, DPIIT
M/O Commerce & Industry

Joint Secretary
M/O Consumer Affairs
Independent Members

Chairman
Capacity Building Commission

Founding Partner
Avaana Climate Sustainability Fund

Co-Founder and Head
Digital India Foundation

ED & CFO
HUL
MD and CEO

MD & CEO
ONDC