Photo ; BSE CEO Sundararaman Ramamurthy at the fireside chat hosted by K J Somaiya Institute of Management
New Deli. : , 25th August, 2025 - K J Somaiya Institute of Management (KJSIM), one of India’s leading business schools, hosted a Fireside Chat with Sundararaman Ramamurthy, CEO of the Bombay Stock Exchange (BSE). It was an interactive discussion that detailed the exchange’s role in the economy, technological innovation, and investor protection, providing insights to the audience that included students, faculty, and industry guests. The event organised by the Centre of Excellence in Capital Markets was also attended by Shri Samir Somaiya, Chancellor, Somaiya Vidyavihar University, Dr. Raman Ramachandran, Director, K J Somaiya Institute of Management, senior faculty and students for an engaging discussion on the evolving role of stock exchanges in India’s economy.
In his interactions, Mr Ramamurthy detailed how the exchange, in its 150-year legacy, has adapted and been agile to the changing economic and capital market environment to not only remain relevant but also provide a vibrant and thriving ecosystem for investors in the country. He also spoke about how stock exchanges in the country have an economic impact much beyond capital formation and investment opportunities. While the broking network employs an estimated more than 3.5 lakh individuals, it also contributes to the government’s exchequer through securities transaction tax (STT) estimated at nearly Rs 80,000 crore in this fiscal. And these are just first-level benefits; the cascading positive impact of all the capital formation, employment, and support to the government’s exchequer means that stock exchanges have an economic impact much larger than can be estimated.
He also spoke about how the governance and transparency in the exchanges have improved considerably, especially due to the adoption of technology, including simultaneous and free tick-by-tick data access. Further, he also spoke about how technology and artificial intelligence (AI) are being used by BSE in peripheral operations such as SME prospectus verification, achieving 85% efficiency, with broader applications expected soon.
Additionally, he spoke about how, with the adoption of the capital market by households in the country, investor education and protection play an important role in sustaining this ecosystem. BSE, on its part, spreads investor awareness both digitally and in physical workshops year-round; the exchange has nearly 35 lakh followers online while it holds 14,000 annual physical training programmes touching the lives of around 8 lakh individuals. For new investors, his advice was to “Invest what you understand and understand what you invest” — avoiding greed, FOMO, fraud, and cyber threats, and instead relying on informed, disciplined decisions.
Speaking to finance students, he said, “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 recommended absorbing knowledge from all sources, cultivating entrepreneurial instincts, staying attuned to paradigm shifts, and mastering disruptive technologies like AI and robotics. On regulations, he reiterated their collaborative nature and focus on investor protection.
Dr. Raghu Kumai P.S, Chairperson of the Centre of Excellence in Capital Markets at KJSIM said, “Hosting Mr. Ramamurthy was a valuable learning experience for our students. His emphasis on ethics, technology, and adaptability offered lessons that extend well beyond academics. At KJSIM, we see such industry interactions as vital to preparing MBA graduates to excel in fast-evolving financial markets.”
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