Indian ADR List

I wanted to compile a list of Indian ADRs in the US as soon as I did my post on the performance of Indian ETFs listed in the US because I wanted to see if there are enough individual ADRs that someone in the US can buy to get enough exposure to India, and be fairly well diversified as well.

I found that there are only 14 Indian ADRs listed in the US, and a lot of them are not doing very well. Further, they are heavily concentrated in the software, and telecom services sector.

If you wanted to get exposure to India, then I’d say an ETF like INDY is much better than picking a few stocks from the universe of Indian ADRs available to you.

The ADR options are just very limited.

Here is a list of Indian ADRs available in the US along with their ticker, the exchange they are listed in, and the industry they operate in.

S.No. Name Ticker Exchange Industry
1 Infosys INFY NASDAQ Software & Programming
2 Wipro WIT NYSE Software & Programming
3 Patni Computer PTI NYSE Software & Programming
4 Satyam Computer SAYCY PINK Software & Programming
6 Mahanagar Telephone Nigam MTNL NYSE Communications Services
7 Tata Communications TCL NYSE Communications Services
8 Tata Motors TTM NYSE Auto and Truck
9 Sify SIFY NASDAQ Computer Services
10 Rediff REDF NASDAQ Computer Services
11 Sterlite Industries SLT NYSE Metal Mining
12 Dr. Reddy’s RDY NYSE Biotechnology and Drugs
13 HDFC Bank HDB NYSE Banking
14 ICICI Bank IBN NYSE Banking


These are the only Indian ADRs that I could find, and if you feel that there are some that I have missed, please leave a comment and I will update my post.

5 thoughts on “Indian ADR List”

  1. IFN – India Fund – is a fund that tracks the Indian market. Invests in small, mid & large cap names. It’s been around since 1993 and has decent volume for trading.

  2. Is it possible for we indian investers to invest in these ADRs? Can we open a trading account on NASDAQ or NYSE?

    1. As far as I know you can’t open a trading account on NYSE, but you can request foreign trading through your Indian broker, and when that becomes operational, you can buy eligible foreign securities.

      But, the question is why would you want to buy ADRs when you have access to parent company’s stocks in India?

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