The Bombay Stock Exchange has a massive variety of companies listed (over 4900). It is one of the oldest stock exchanges in Asia – the oldest in fact. It was established in the 1850s and has a fairly rich heritage. Prior to actually being housed in the impressive building that it is now situated; it was actually started with the congregation of five men who would meet in front of Mumbai’s Town Hall. It took over one hundred years before the stock exchange was actually endorsed by the Indian government. In 1956 the Bombay Stock Exchange was accredited as being the first stock exchange that the Indian government recognised as a legitimate share trading organisation on Indian soil.
Fast forward nearly 50 years later and the Bombay Stock Exchange was the first stock exchange in the world to offer Internet based trading through a centralized exchange system. This in turn opened the door for people to trade shares via the Internet. It also allowed international partners to interact with stock exchanges anywhere in the world from the comfort of their home Internet connections. The Bombay Stock Exchange has been the recipient of multiple awards. These awards have been awarded for the Bombay Stock Exchange’s commitment to social responsibility, excellence in the field of financial reporting and excellence in human resource management through technology.
The Bombay Stock Exchange connects Indian businesses with an outlet to offer stock trading capabilities to local, regional and international partners. It also enables people to trade securities, investments and connects investors with investment partners. It utilises electronic networks to afford all partners access to available stock options and has a transparent system that enables investors to make informed decisions on their investment options. It is often considered the epicentre of the Indian stock market and stock opportunities as they arise in the Asian area.