ABOUT MSEI
METROPOLITAN STOCK EXCHANGE OF INDIA LIMITED is a national-level stock exchange operating in Equity, Equity Derivatives, Currency Derivatives, debt, and SME segments. The Exchange ecosystem supports various intermediaries’ including stockbrokers, authorized persons, corporates, banks, depositories, depository participants, custodians and investors. The exchange offers an electronic, hi-tech, and transparent platform for trading in capital markets, futures and options, debt markets, and currency derivatives segments. However, the Exchange has temporarily suspended trading in its debt segment from September 2020.
Metropolitan Stock Exchange of India Limited comprises 2 indices. SX40 and SXBANK. SX 40 consists of 40 large-cap liquid stocks representing different sectors. SXBANK measures the performance of the banking sector. The index consists of 10 stocks from the banking sector.
MSE offers a variety of products and services across multiple asset classes in India which enables it to be responsive to market demands. It's state-of-the-art technology and robust network is a pioneer in technology and ensures the reliability and performance of its systems. MSE’s products and services foster digital transformation in technology, cyber security, innovation, and intelligence solutions. Products offered by the exchange across various segments to Proprietary, Retail Participants, and Institutional Participants (Domestic and Foreign include Current Future and Options, Cross currency futures & options, interest rate futures, equity shares, sovereign gold bonds, ETFs, offer for sale, stock futures & options, Index futures & options.
As of 31st March 2020, the exchange has 558 members for its currency derivatives segment, 346 members for the equity cash segment, and 334 equity futures & options segment.
INCORPORATION DETAILS
CIN |
U65999MH2008PLC185856 |
Registration Date |
14 August 2008 |
Category/Sub-category of the Company |
Company Limited by Shares |
Address of the Registered office and contact details |
Vibgyor Towers, 4th Floor, Plot no. C-62, G Block BandraKurla Complex, Bandra (East), Mumbai- 400098. Tel No: 022 61129000 Email Id: secretarial@msei.in |
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
KFin Technologies Private Limited Selenium Tower B, Plot numbers 31 & 32 Nanakramguda, Financial District, Gachibowli Hyderabad – 500 032 Email: einward.ris@kfintech.com Tel.No.: +91-040-6716 2222 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
Exchange Operation |
66110 |
100% |
BOARD OF DIRECTORS
Mr. Dinesh Kumar Mehrotra (Chairman & Public Interest Director)
Mr. Ajai Kumar (Public Interest Director)
Mr. SudhirBassi (Shareholder Director)
Ms. Latika S. Kundu (Managing Director & CEO)
Ms. TrishnaGuha (Public Interest Director)
Mr. S.V.D Nageswara Rao (Public Interest Director)
Mr. Vijay Sardana (Public Interest Director)
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company |
% of shares held |
Metropolitan Clearing Corporation of India Limited |
95.85% |
MCX SX KYC Registration Agency Limited |
100.00% |
METROPOLITAN STOCK EXCHANGE OF INDIA LIMITED UNLISTED SHARE DETAILS
Total Available Shares: |
4,81,02,17,033 |
Face Value: |
Rs. 1 Per Equity Share |
ISIN: |
INE312K01010 |
Pan No. |
AAFCM6942F |
Last Traded Price: |
Rs.1.15 |
Lot Size: |
10000 Shares |
Current Unlisted Share Price: |
Rs.553.17 Crore |
SHAREHOLDING PATTERN
(As of 31-03-2020)
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
1 |
MULTI COMMODITY EXCHANGE |
33,17,77,008 |
6.90% |
2 |
SIDDHARTH BALACHANDRAN |
23,84,09,950 |
4.96% |
3 |
RADHAKISHAN S DAMANI |
11,93,63,496 |
2.48% |
4 |
BANK OF BARODA |
9,37,57,564 |
1.95% |
5 |
STATE BANK OF INDIA |
9,74,00,000 |
2.02% |
6 |
OTHERS |
3,92,95,09,015 |
81.69% |
|
Total |
4,81,02,17,033 |
100.00% |
INDUSTRY OUTLOOK
The Indian stock market exchanges are important market infrastructure intermediaries and they are guided by the Securities and Exchange Board of India (SEBI). They work as a tool for nation building and a major job creator. The Exchanges comprise of many asset classes – equities, equity derivatives, currency derivatives, government and corporate bonds, interest rate derivatives, commodity derivatives, etc. Stock exchanges in India are primarily regulated by SEBI. SEBI has introduced the interoperability between Clearing Corporations, the framework is applicable to all the recognized CCPs excluding those operating in the IFSC zone, and all the products available for trading on the stock exchanges (except commodity derivatives), interoperability norms benefit market participants to rationalize margins across exchanges and products by optimizing the use of capital but also reduce post-trade costs of trading firms.
With a favorable regulatory environment, Indian capital markets are expected to remain attractive to both domestic and foreign investors. Initiatives by the government towards ease of doing business enhanced sectoral caps, and simpler mechanism to obtain approval for investment coupled with tax exemptions is expected to further boost the robust business environment for foreign investors leading to a larger inflow of capital in the coming years as well. This will not only augment the depth, maturity, and robustness of the Indian capital markets but also build investor confidence.
In a population of about 1.37 billion people, only around 2.5% invest in the capital markets in India. India has nearly 4 crore demat accounts, out of which only 0.95 crore is active. Traditionally, metropolitan cities have played an important role in contributing to the markets but it has been mostly restricted up to that point. There is still a significant dearth of participation from Tier II and Tier-IIIcities, which would be the main contributor to the booming markets across all socioeconomic strata. The entry of young investors from this small town would be pivotal for driving the next level of growth in Indian Capital Markets. Metropolitan Stock Exchange of India Limited aims at catering to this need of the hour through easily accessible customized products across multiple investment avenues.
We cannot provide specific investment advice, including a judgment on whether a particular stock, such as MSEI (Metropolitan Stock Exchange of India), is a good buy or not. The decision to invest in any financial instrument should be based on a thorough evaluation of several factors. This includes the individual investor's risk tolerance, financial goals, market conditions, the company's financial performance, and other relevant data. It's always advisable to consult with a financial advisor or conduct extensive personal research before making investment decisions.
The Metropolitan Stock Exchange of India (MSEI), formerly known as MCX Stock Exchange (MCX-SX), had a diverse set of shareholders including domestic and foreign banks, private sector institutions, and public sector units. However, the specific investors and their shareholdings can change over time and it's best to refer to the latest reports or the exchange's website for the most recent and accurate information.
The Metropolitan Stock Exchange of India (MSEI) offers an electronic, transparent, and hi-tech platform for trading in a variety of financial instruments. This includes equities, equity derivatives, currency derivatives, interest rate futures, and debt market instruments. It also provides a platform for SME (Small and Medium Enterprises) listing and facilitates trading in their shares. Please refer to the MSEI's official website or contact the MSEI for the most current information.
As of 31 March 3022 Total Revenue of the company was Rs14.15 Crore.