Definition
Indian-Owned and Controlled Company – A designation under India's foreign-investment rules that restricts inventory-based e-commerce (a platform that owns and directly sells the stock, rather than running a marketplace connecting third-party sellers to customers) to companies majority-owned and controlled by Indian residents. A foreign-invested platform below that domestic-ownership threshold must operate as a marketplace instead; crossing the threshold (e.g., as foreign shareholders sell down or a domestic capital raise dilutes foreign ownership) is what lets such a company convert to an inventory-led model. Found In: Management commentary, Earnings call transcripts (foreign direct investment/ownership disclosures)