Established in 1875, as “The Native Share & Stock Brokers’ Association”, BSE (formerly known as Bombay Stock Exchange), was founded by Premchand Roychand, one of the most influential businessmen in 19th century Bombay whose motto was “wisdom before riches”.
BSE is synonymous with the capital market in India. It is the oldest exchange in Asia and one of India’s leading exchange groups. It has a nation-wide reach with a presence in 417 cities and towns of India, providing an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds.
The Exchange is a corporatised and demutualised entity, with a broad shareholder-base. The BSE’s overall performance is measured by the Sensex, India’s most widely tracked stock market benchmark index, that reflects the health of the Indian economy.
BSE is the largest exchange in the world with more than 5000 companies listed on it. It is also the first stock exchange in the world to introduce centralised internet trading system (BSEWEBx.co.in), allowing investors from all over the world to trade on the BSE platform. It claims to be the world’s fastest stock exchange, with a median trade speed of 6 microseconds.
(A portrait of Premchand Roychand, founder of BSE. Photo: Abhijit Bhatlekar/Mint)
In 2012, the BSE became a Partner Exchange of the United Nations Sustainable Stock Exchange initiative and the following year it entered into Strategic Partnership with S&P Dow Jones Indices. It is also the first exchange in India and second in the world to obtain an ISO 9001:2000 certification.
In 2016, BSE & CMIE launched the world’s first high-frequency data on unemployment and consumer sentiments. It is also the first Exchange in the country to launch a special platform for trading in SME securities, to host the popular opening-bell ceremony in Indian capital markets and to launch mobile-based trading.
In 2017, BSE established the country’s first International Exchange “India International Exchange”, at Gandhinagar, Gift City. The same year, the BSE became India’s 1st listed Stock Exchange. Its IPO was oversubscribed 51 times.
In 2018 BSE secured a trademark for its iconic Phiroze Jeejeebhoy Towers, the 29-storey building designed by arhitect Chandrakant Patel, on Dalal (Brokers) Street. At 117.96 metres high, it was the tallest building in India, although it has since lost that claim to newer buildings.
Over the past 145 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform.
Ashishkumar Chauhan (CEO)
Mr Chauhan, best known as the father of modern financial derivatives in India, serves as BSE CEO since 2012. He joined BSE as Deputy CEO in 2009. He is one of the founders of India’s National Stock Exchange where he worked from 1992 to 2000.
Phone: +91 22 6654 5695
Web: https://www.bseindia.com
Address: Phiroze Jeejeebhoy Towers, Dalal St, Kala Ghoda, Fort, Mumbai, India
