Indian Energy Exchange (IEX) is a monopoly business with approximately 80% operating margins that collects roughly 1.5% of transacted electricity fees, currently processing over 6.5% of India's electricity (up from less than 3% when invested), with tailwinds from both increased per-capita consumption and the spin-off business Indian Gas Exchange.
factualpending
Speaker
Manish PabraiEvidence Quote
“iex basically is effectively a monopoly business... collects approximately 1.5 percent fee... currently over six and a half percent of India's electricity usage was going through iex... 80 percent operating margins”
Source
Virtual Value Investing Q&A Speaker Series Event at Brown University with Mohnish Pabrai— Value Investing Q&A Series Brown UniversityCreated: 8/11/2026, 1:53:00 AM
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