Stakeholders Empowerment Services
SES is India's first SEBI-registered proxy advisory firm, providing institutional investors with independent voting recommendations, governance scoring, ESG analysis, and digital tools such as E-Ballot and E-BRSR across 500+ Indian listed companies.
- Company typePrivate
- Founded2014
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Stakeholders Empowerment Services does
Stakeholders Empowerment Services (SES) is a Mumbai-based, not-for-profit corporate governance research and proxy advisory firm founded in 2014 as India's first SEBI-registered proxy advisor (registration INH000000016 under SEBI Research Analysts Regulations, 2014). The firm provides independent voting recommendations, corporate governance scoring, ESG analysis, and shareholder-meeting research to institutional investors — primarily asset managers, mutual funds, pension funds, and insurance companies — across 500+ Indian listed companies. Its not-for-profit structure, conflict-of-interest policies, independent advisory board, and explicit refusal to accept advisory assignments from listed firms are positioned as the foundation of its independence narrative.
SES operates a web-based platform architecture that combines proprietary governance and ESG scoring models (built on SEBI regulations, UN principles, GRI standards, and Indian BRSR requirements) with the E-Ballot online voting and vote-management system, the E-BRSR digital compliance tool, and a Related Party Transaction (RPT) Analysis Portal launched in February 2025 by the SEBI Chairperson. Supporting offerings include Proxy Advisory reports, Corporate Governance Research, Data Services, Investor Education, a monthly newsletter, and Archived Reports.
SES monetizes primarily through one-time per-report fees (e.g., INR 11,800 inclusive of GST per proxy advisory report), supplemented by E-Ballot subscriptions, Data Services, BRSR-related tools, and training/education services. Distribution is direct via the sesgovernance.com website and a self-serve E-Ballot portal, supported by thought-leadership content and recurring media coverage in outlets such as Moneycontrol, Livemint, CNBCTV18, and MSN. Headquarters are at Flat No. 109, First Floor, Shyam Baba House, Upper Govind Nagar, Malad East, Mumbai, with operating scope limited to the Indian market.
Stakeholders Empowerment Services firmographics
Firmographics- Name
- Stakeholders Empowerment Services
- Legal name
- Stakeholders Empowerment Services
- Website
- https://sesgovernance.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SES is India's first SEBI-registered proxy advisory firm, providing institutional investors with independent voting recommendations, governance scoring, ESG analysis, and digital tools such as E-Ballot and E-BRSR across 500+ Indian listed companies.
- Ownership category
- akta.pro rank
Stakeholders Empowerment Services industry classification
Industry- Product category
- Proxy Advisory & Corporate Governance Research
- NAICS
- Professional Organizations (81392)
- SIC
- Services-Engineering, Accounting, Research, Management (8700), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Proxy Voting & Governance Services (FSAAAOAJ)
Keywords
Where Stakeholders Empowerment Services is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Stakeholders Empowerment Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Proxy Advisory Reports: SES provides proxy voting recommendations and governance analysis reports for specific company shareholder meetings. Reports are sold individually at per-report pricing (e.g., INR 11,800 including GST for Bombay Rayon Fashions).
- E-Ballot Platform Subscription: Subscription-based access to the E-Ballot online proxy and vote management system. Provides end-to-end proxy solution including report access, voting, and MIS reporting capabilities.
- Corporate Governance Research Reports: In-depth governance research reports sold individually. Includes ESG analysis, board composition reports, and thematic governance research.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Individual Proxy Advisory Report - Per Report Purchase |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Stakeholders Empowerment Services product offering
Product offeringCore offering
Stakeholders Empowerment Services (SES) is India's first SEBI-registered proxy advisory firm providing independent governance research, proxy voting recommendations, and ESG analysis for investors in listed companies. The company distributes per-meeting proxy advisory reports and operates the E-Ballot online platform for proxy vote management, alongside proprietary Corporate Governance Score and ESG ScoreModel products.
Product overview
Stakeholders Empowerment Services (SES) is a Corporate Governance research and advisory firm offering a suite of governance and ESG-related products and services. The core offering includes Proxy Advisory Services for voting recommendations on shareholder resolutions, combined with Corporate Governance Score/Index for objective governance evaluation. Supporting products include ESG Score services for sustainability factor analysis, Governance Research for market insights, and E-Ballot as a digital vote management platform. Additional modules include BRSR Guide and E-BRSR Tool for ESG reporting compliance, Data Services for market intelligence, Newsletter for regulatory updates, Investors Education for stakeholder training, and Archived Reports for historical research access. The company is SEBI-registered as a Proxy Advisor under INH000000016.
Differentiator
Problem solved
Functional benefit
Products and services
- Proxy Advisory Services
Quantifiable outcome
- SES has provided voting recommendations on 500+ listed companies in India
Companies that use Stakeholders Empowerment Services
Customer profileSegments2 records
Ideal customer profiles2 records
Stakeholders Empowerment Services technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Stakeholders Empowerment Services partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
Stakeholders Empowerment Services competitors and assessment
Company assessmentBroad incumbents
- Sustainalytics: Sustainalytics provides global ESG and corporate governance research and ratings to institutional investors, competing with SES in the governance and ESG data segment for mandates involving Indian listed companies.
- Refinitiv (LSEG) ESG: LSEG (formerly Refinitiv) offers global ESG scores, governance data, and asset-management analytics, comparable to SES's governance and ESG data services and competing for institutional ESG data spend on Indian equities.
- MSCI ESG Research: MSCI offers broad ESG and governance ratings, data, and analytics used by global institutional investors, overlapping with SES's ESG ScoreModel and corporate governance scoring offerings on a much larger scale.
- Bloomberg ESG Data Services: Bloomberg distributes large-scale ESG and governance data and analytics to institutional investors, providing an alternative data backbone that competes with SES's ESG and governance scoring for buy-side workflows.
- S&P Global ESG / SAMCO: S&P Global provides corporate governance and ESG assessment products (historically including SAMCO), serving large institutional mandates in India as a broader alternative to specialist Indian proxy advisors like SES.
Direct peers
- Glass Lewis: Glass Lewis is a leading global proxy advisor competing head-to-head with SES and ISS for institutional proxy voting mandates in India, with analogous products covering governance research, voting policy recommendations, and ESG-related services.
- Institutional Investor Advisory Services (IiAS): IiAS is a leading India-based proxy advisor and governance research firm serving institutional investors on Indian listed-company resolutions, operating in the same niche as SES with overlapping client segments.
- InGovern: InGovern is another domestic Indian proxy advisory firm providing voting recommendations and governance research to institutional shareholders, directly competing with SES for Indian AGM mandates.
- Institutional Shareholder Services (ISS): ISS is the largest global proxy advisory firm, offering voting recommendations, governance research, and ESG data to institutional investors. It directly competes with SES in serving Indian institutional investors and on cross-border mandates for Indian listed companies.
Regional players
- CRISIL (an S&P Global company): CRISIL provides India-focused credit ratings, ESG assessments, and corporate governance analytics to investors, competing with SES for India-specific governance and ESG data and proxy-related research demand.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Stakeholders Empowerment Services social profiles
Digital presenceStakeholders Empowerment Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stakeholders Empowerment Services leadership team
Management profileNumber of profiles
Profiles2 records
Stakeholders Empowerment Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stakeholders Empowerment Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stakeholders Empowerment Services
What does Stakeholders Empowerment Services do?
Stakeholders Empowerment Services (SES) is India's first SEBI-registered proxy advisory firm providing independent governance research, proxy voting recommendations, and ESG analysis for investors in listed companies. The company distributes per-meeting proxy advisory reports and operates the E-Ballot online platform for proxy vote management, alongside proprietary Corporate Governance Score and ESG ScoreModel products.
Is Stakeholders Empowerment Services a public or private company?
Stakeholders Empowerment Services is a private company. It is classified as unknown and is currently operating.
When was Stakeholders Empowerment Services founded?
Stakeholders Empowerment Services was founded in 2014. It employs 11 to 50 people.
Where is Stakeholders Empowerment Services based?
Stakeholders Empowerment Services is headquartered in Mumbai, India, in the Asia region.
How does Stakeholders Empowerment Services make money?
Three revenue lines are on record. Proxy Advisory Reports are the primary driver. The others are E-Ballot Platform Subscription and corporate Governance Research Reports.
Who are Stakeholders Empowerment Services's main competitors?
Broad incumbents on record are Sustainalytics, Refinitiv (LSEG) ESG, MSCI ESG Research, Bloomberg ESG Data Services and S&P Global ESG / SAMCO. Direct peers are Glass Lewis, Institutional Investor Advisory Services (IiAS), InGovern and Institutional Shareholder Services (ISS). CRISIL (an S&P Global company) is listed as a regional player.
Does Stakeholders Empowerment Services have an API?
No public API is recorded for Stakeholders Empowerment Services.
What industry is Stakeholders Empowerment Services in?
Stakeholders Empowerment Services's product category is Proxy Advisory & Corporate Governance Research. Its primary akta.pro industry code is FSAAAOAJ, Proxy Voting & Governance Services. Its NAICS code is 81392 and its SIC code is 8700.