NSE Indices Limited (formerly known as India Index Services & Products Limited - IISL), a subsidiary of National Stock Exchange of India Limited was setup in May 1998 to provide a variety of indices and index related services and products for the Indian capital markets.
It owns and manages a portfolio of 162 indices under NIFTY brand as of March 31, 2019, including NIFTY 50. NIFTY indices are used as benchmarks for products traded on NSE and other venues. NIFTY indices served as the benchmark index for 53 ETFs listed in India and 9 ETFs listed abroad as of March 31, 2019. Derivatives benchmarked to NIFTY indices are also available for trading on the Singapore Exchange, and the Taiwan Futures Exchange.