Ethical entrepreneurship rooted in Indian Knowledge Systems (IKS) offers a value-based framework for promoting inclusive, responsible and sustainable economic development. Indian philosophical traditions emphasize principles such as Dharma (righteous conduct), Ahimsa (non-violence), Seva (service), and collective welfare, which strongly align with the objectives of social enterprises. In the Indian context, these ethical foundations are increasingly reflected in the functioning of social enterprises that support marginalized communities, particularly transgender entrepreneurs. Transgender persons often face social stigma, exclusion from formal employment, limited access to education, finance and markets, and inadequate institutional support, which restrict their entrepreneurial growth.

Social enterprises guided by Indian Knowledge Systems adopt moral commercial performs that highlight public effect combined with cost-effective sustainability. Through capacity-building programmes, skill development, Self-Help Groups (SHGs), access to microfinance and fair market linkages, these enterprises create supportive ecosystems for transgender entrepreneurs. Emphasis on trust, community participation, equitable resource sharing and respect for human dignity enables transgender individuals to develop sustainable livelihoods and economic self-reliance. Digital tools and inclusive financial practices further enhance entrepreneurial capabilities while maintaining ethical standards. By integrating traditional Indian values with contemporary enterprise models, social enterprises contribute to empowerment, social inclusion and long-term resilience among transgender entrepreneurs. This study highlights how ethical entrepreneurship grounded in Indian Knowledge Systems can serve as an effective pathway for fostering inclusive growth and social justice.

Key Words: Ethical Entrepreneurship, Indian Knowledge Systems, Social Enterprises, Transgender Entrepreneurs, SHGs, Inclusive Development