Metropolitan Stock Exchange is one of the leading national level stock exchanges in India. It is licensed by SEBI to operate across various segments, including Equity, Equity Derivatives, Currency Derivatives, Debt and SME platform. In this blog post, we shall discuss MSE in detail, including its history, key managerial personnel, etc.
The Metropolitan Stock Exchange of India Limited is a full-service national stock exchange registered with the Securities and Exchange Board of India (SEBI). Established in 2008, it is newer than both the Bombay Stock Exchange, founded in 1875, and the National Stock Exchange, which began operations in 1992.
The MSE provides an electronic trading platform for equities, equity derivatives, currency derivatives and debt securities. It also features a dedicated platform for small and medium enterprises (SMEs). Initially named MCX Stock Exchange (MCX-SX), the exchange underwent rebranding in 2015 and adopted the name Metropolitan Stock Exchange (MSE).
The leadership of MSE is under Ms. Latika S. Kundu, who serves as its Managing Director as well as CEO. The flagship index of the MSE is the SX40, which tracks 40 large-cap, highly liquid stocks across core economic sectors.
The head office of the MSE India is located in Mumbai, Maharashtra. Apart from this, the stock exchange also has several regional offices located in Indore, Delhi, Bengaluru, Kanpur, Kolkata, Chennai, Ahmedabad and Hyderabad.
The key managerial personnel in MSE India Ltd. include the following:
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S. No. |
Name |
Designation |
Photograph |
|
1. |
Ms. Latika S. Kundu |
Managing Director & CEO |
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2. |
Ms. Upma Dada Chawdhry |
Public Interest Director & Chairperson |
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3. |
Mr. P.K. Ramesh |
Chief Regulatory Officer & Compliance Officer |
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4. |
Mr. Sandip Mehta |
Chief Technology & Operations Officer |
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5. |
Mr. Narayan Sarangi |
Head - Technology |
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6. |
Mr. Durgesh Kadam |
Head - Legal and Company Secretary |
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7. |
Mr. Jagdish Asodekar |
Chief Information Security Officer |
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8. |
Mr. Saket Bhansali |
Chief Financial Officer |
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9. |
Mr. Manoj Kunkalienkar |
Non-Independent Director & Technology Strategy Advisor |
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10. |
Mr. Rakesh Kumar Srivastava |
Public Interest Director |
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11. |
Mr. Chittaranjan Kajwadkar |
Public Interest Director |
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12. |
Mr. Ashok Kumar Dogra |
Public Interest Director |
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The benefits of getting a company listed on MSE are as follows:
|
S. No. |
Benefits |
Explanation |
|
1. |
Raising Funds |
Every company needs extra funds at some stage to grow and expand its business. Listing on MSE is one popular way through which a company can raise these funds. |
|
2. |
Popularity and Goodwill |
Listing on MSE also helps a company become more popular and build a good name in the market. Investors and institutions may trust a listed company more than unlisted companies because it has to follow stock exchange rules and maintain transparency in its work. |
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3. |
Liquidity to Shareholders |
MSE listing makes it easier for shareholders to buy and sell shares. It gives them a chance to convert their investment into money whenever they want, subject to market conditions. They can also share investment risk and benefit if the company's value increases with time. |
|
4. |
Better Image and Employee Benefits |
Another benefit of company listing on MSE is that it helps more people know about the company and creates a positive image in the market. This can improve employee confidence, help the company attract new employees and allow it to offer benefits like Employee Stock Ownership Plans (ESOPs). |
|
5. |
Transparency and Better Management |
Listing on MSE also brings more transparency and better management to the company. The Board of Directors and management of the company have to answer to their shareholders. A listed company must also share important information on time and follow the rules and guidelines of the stock exchange. |
You May Also Read: NSE vs BSE vs MSE: Key Differences
The Metropolitan Stock Exchange is a prominent national-level stock exchange in India. It was established in 2008, making it quite younger than BSE and NSE stock exchanges. It is recognized by Securities and Exchange Board of India (SEBI) under the Securities Contracts (Regulation) Act of 1956. MSE offers a technology driven trading platform for equities, equity derivatives, currency derivatives and debt securities. Additionally, it provides a dedicated platform for small and medium enterprises in the country.
MSE ensures smooth and secure market operations for investors, brokers and corporations by integrating advanced electronic trading systems, risk management mechanisms and surveillance tools. The stock exchange also actively contributes to development of financial ecosystem by promoting investor education, market awareness and regulatory compliance.
Need assistance in getting your company listed on a stock exchange in India? Get in touch with our IPO consultants at Registrationwala.
Q1. When was MSE founded?
A. MSE was founded on 14 August 2008.
Q2. Is MSE older than BSE and NSE?
A. No. MSE is actually younger than BSE and NSE. BSE is the oldest, founded in 1875, followed by NSE in 1992 and MSE in 2008.
Q3. Who is the CEO and MD of MSE?
A. Chief Executive Officer (CEO) and Managing Director (MD) of Metropolitan Stock Exchange is Ms. Latika S. Kundu.
Q4. Who is the CFO of MSE?
A. The Chief Financial Officer (CFO) of MSE is Mr. Saket Bhansali.
Q5. Is MSE a publicly traded company?
A. No. MSE is not a publicly traded company for now unlike NSE and BSE.
Q6. What is MSE full form in stock market?
A. MSE full form in stock market is Metropolitan Stock Exchange.
Q7. What is MSE full form in Hindi?
A. MSE full form in Hindi is मेट्रोपॉलिटन स्टॉक एक्सचेंज.
Q8. Where is the head office of the MSE?
A. The head office of MSE is located in Mumbai, Maharashtra. The address of this office is: 205(A), 2nd floor, Piramal Corporate Park, Kamani Junction, L.B.S Road, Kurla (West), Mumbai - 400070.
Q9. What is the flagship index of MSE?
A. The flagship index of MSE is SX40. This index tracks a total of 40 large-cap, highly liquid stocks across core economic sectors of India.
Q10. Where are the regional offices of MSE located?
A. The regional offices of MSE are located in Bengaluru, Kanpur, Delhi, Kolkata, Chennai, Indore, Ahmedabad and Hyderabad.
Q11. Who is the Chief Technology & Operations Officer of MSE?
A. The MSE Chief Technology & Operations Officer is Mr. Sandip Mehta.
Q12. When will the MSE IPO be launched?
A. MSE has not yet announced its plan to launch an IPO. It has not filed a Draft Red Herring Prospectus with SEBI. Therefore, its plans for an IPO remain quite unclear for now.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, finance and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
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