Abstract: IASB has defined the concept of fair value measurement under the IFRS 13; in India MCA has defined this concept under Standard Ind- AS 113 as "fair value measurement" which would the set of disclosures that a company must make regarding the fair value measurement practice being used. The fair value hierarchy concept, introduced the standard of IFRS 7 in 2009, classifies the data used in the measurement according to three levels, in which two levels introduce some subjectivity in the measurement. IFRS 13 defines fair value, sets out a single framework for measuring fair value, and requires disclosures about fair value measurements. Hence, this research aims to study the disclosure of fair value measurement of the financial instruments, required by Ind AS 113, of Infosys and Wipro companies listed in the BSE Index in the year 2021. The purpose of the study is to understand the level of fair value hierarchy practices in sample companies and find the disclosure level in form of financial instruments and monetary value. The results of the study allow us to conclude that Infosys and Wipro companies listed in the BSE 30 Index companies adopt the fair value measurement principle and disclosed financial instruments based on the fair value hierarchy required by IFRS 13. It was also concluded that most financial instruments measured at fair value are classified at level 2 of the fair value hierarchy, which limits the degree of certainty about their values. Key words: Fair value, financial instruments, Fair value hierarchy, IASB, IFRS. Title: FAIR VALUE HIERARCHY PRACTICES IN INFOSYS TECH LTD AND WIPRO LTD Author: Sunil G E, Dr. B. Mahadevappa International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 11, Issue 2, October 2023 - March 2024 Page No: 120-139 Research Publish Journals Website: www.researchpublish.com Published Date: 28-November-2023 DOI: https://doi.org/10.5281/zenodo.10212466 Paper Download Link (Source) https://www.researchpublish.com/papers/fair-value-hierarchy-practices-in-infosys-tech-ltd-and-wipro-ltd