BSE CEO Sundararaman Ramamurthy Underscores Stock Exchanges’ Wider Economic Role at KJSIM Fireside Chat
As more households join the capital market, Ramamurthy highlighted the importance of investor education.
Mumbai, August 25: The KJ Somaiya Institute of Management (KJSIM) hosted a Fireside Chat with Sundararaman Ramamurthy, CEO of the Bombay Stock Exchange (BSE), where he highlighted the exchange’s evolving role in India’s economy, the transformative use of technology, and the critical importance of investor education.
The session, organised by KJSIM’s Centre of Excellence in Capital Markets, was attended by Somaiya Vidyavihar University Chancellor Samir Somaiya, KJSIM Director Dr Raman Ramachandran, faculty members, students, and industry professionals.
Economic Force Beyond Capital Formation
Ramamurthy observed that over its 150-year journey, the BSE has remained agile in a dynamic financial landscape, shaping a robust ecosystem for investors. He pointed out that India’s broking network today employs more than 3.5 lakh individuals and contributes nearly ₹80,000 crore in securities transaction tax (STT) to the exchequer in the current fiscal year. “The cascading benefits of employment, capital formation, and tax revenues reflect an economic impact much larger than can be immediately estimated,” he said.
Technology, AI and Transparency
On governance, he emphasized how transparency in exchanges has improved through free tick-by-tick data access. He also revealed that the BSE is already deploying artificial intelligence (AI) in operations such as SME prospectus verification, achieving up to 85% efficiency, with wider applications expected in the near future.
Investor Awareness and Protection
As more households join the capital market, Ramamurthy highlighted the importance of investor education. The BSE, he noted, conducts 14,000 workshops annually—reaching around 8 lakh individuals—while engaging a digital community of 35 lakh followers. He urged young investors to adopt disciplined, informed approaches: “Invest what you understand and understand what you invest,” cautioning against greed, FOMO, fraud, and cyber threats.
Guidance for Future Professionals
Addressing students, Ramamurthy remarked: “Knowledge will get you entry, but attitude will help you grow. In a world of disruptive technologies, your adaptability is your greatest survival skill.” He encouraged them to embrace entrepreneurial instincts, stay attuned to paradigm shifts, and gain mastery of technologies like AI and robotics.
Dr Raghu Kumai PS, Chairperson of the Centre of Excellence in Capital Markets, said the session offered lessons that extended beyond academics. “His emphasis on ethics, technology, and adaptability provided invaluable learning for our students,” he said.
Through such initiatives, KJSIM reaffirmed its mission of blending academic rigour with real-world insights to prepare graduates for leadership roles in India’s fast-evolving financial sector.
