Latest news with #AshishKumarChauhan
Business Standard
3 days ago
- Business
- Business Standard
Indian Growth Story Fuelled by IT: Ashish Chauhan, MD and CEO, National Stock Exchange in a Podcast with Kailash Adhikari, MD, Sri Adhikari Brothers
NewsVoir Mumbai (Maharashtra) [India], May 30: NSE (National Stock exchange) managing director and CEO, Ashish Kumar Chauhan has said that India is the IT capital of the world and its growth story is fuelled by technology. "With two crore to three crore IT jobs in India which no one in the world has the capability and expertise for these jobs, today India is the world's IT capacity centre. 2000- 3000 global IT companies have their IT base in India." Chauhan was in a Governance Now podcast with Kailash Adhikari, Managing Director, Sri Adhikari Brothers. In 1994, he said, during the IT (information technology) programming boom NSE set up India's first digital public infrastructure enabling trading through satellite. This brought huge confidence among the Indian public and engineers. Later, during Y2K (Year 2000) many small companies would get their engineers to NSE to showcase India's capabilities and they also bagged big contracts. That was the time of IT dawn when India took a huge leap forward, he added. "Today technology is our fuel and India is the IT capital of the world. Technology has brought biggest shift and change in the world." Watch the full conversation in our latest episode: Today, there are two crore to three crore IT jobs in India and no one in the world has the capability and expertise to do these jobs. India is the world's IT capacity centre with 2000- 3000 global IT companies having their base here. Indian technology companies like TCS today has over 7 lakh employees while Infosys has more than 5 lakh employees, he said. Chauhan iterated that when it comes to technology, it has played a huge role in India's growth story. Today, India is the world leader in Technology. "When it comes to Technology India is the world leader. Technology has played a huge role in India's growth story. A society that adopts IT will progress." While speaking on India's service economy Chauhan said India is a powerhouse of service sector with a well established services sector ecosystem. He said the service sector does not require any inputs unlike the manufacturing sector which is dependent on raw material. Further speaking on India's resilient economy Chauhan explained that India's total exports today stand at $700 - $800 billion with almost the same amount it imports. This he said, includes net services of $200 -$250 billion and $125-$150 billion of remittances. "So our balance of payments is in surplus since last 4-5 years. This is the reason for our strength and abilities as we are frugal and produce high quality work in cost effective manner." "Now with iPhones going to be manufactured in India, servers and electronic chips too will be made in India. Be it Microsoft or Google, they get their AI work done from our people. 80% of Microsoft windows parts are manufactured in India. We have the best and most capable engineers and manpower and we deliver the best practises at affordable rates. Today we have good roads and logistics," he said adding that as many as 1000- 200000 technology experts from 3000 big global companies today are working in India. He further added that as compared to earlier, today the waves of technology are occurring at faster speed and will generate much more wealth in the world in the next 50 years. He termed the coming era of technology as 'Capitalism without Capital' and said technology does not require heavy infusion of capital like manufacturing. Responding to a question on NSE launching SME Exchange and its role in future Chauhan, who is the former MD and CEO of Bombay Stock Exchange said, in 1994, India did not have more than 10 lakh investors, today we have 11 crore investors from Ladakh to Andamans and Nicobar, Arunachal Pradesh to Dibrugarh to Jorhat to Dwarka. Out of 19400 Pin Codes in India, only 28 Pin Codes do not have investors. India's entrepreneurs are the trust and strength of NSE 25% investors are women and every 1 out of 5 households today (11 Cr people) are investing in NSE. He further said that said that any businessman, entrepreneur or industrialist who wants to grow can come to NSE and find their partners in big or small companies. He added that 600 companies that have raised capital in the last 10 years have now entered the main board. 'These companies have earned the trust of investors. Indian's are very hardworking and the world is taking note of that' he said. Chauhan noted that Markets bring transparency in the system and act as disinfectant. "The stock market capital of Rs 3. 80 lakh Cr in 1994, today stands at Rs 4.40 lakh Cr. This never happens in a low per capita income country and here India is an outlier. This is created by the trust that investors have in the transparency of the markets.'' "NSE acts as a catalyst for Indian economy. NSE receives more than Rs 2000Cr worth orders daily within 6 hours. Within 100 microseconds we respond and shares traded are reflected in investors accounts the very next day" said Chauhan, who is also known as the father of modern financial derivatives in India.
Time of India
5 days ago
- Business
- Time of India
Ahead of NSE IPO nod, National Stock Exchange of India's valuation surges 60% to $58 billion: Report
NSE IPO: The Ltd.'s valuation has reached $58 billion (Rs 5 lakh crore) in private markets, as anticipation builds for a potential listing of India's largest equity-derivatives exchange, according to individuals familiar with recent deals. Tired of too many ads? go ad free now The shares have traded at prices up to Rs 2,000 ($23) recently, with demand significantly exceeding supply. The exchange's valuation had previously increased twofold to approximately $36 billion by September. The unlisted shares have seen aggressive purchasing by institutional and high-net-worth investors, who expect an initial public offering possibly this year, two sources told Bloomberg. The valuation increase corresponds with NSE's attempts to resolve an ongoing regulatory dispute with India's securities watchdog, which has delayed its listing aspirations for nearly ten years. At $58 billion, NSE's potential IPO valuation would surpass Nasdaq Inc.'s market value and approach Deutsche Boerse AG's $62 billion valuation, according to Bloomberg data. Also Read | The National Stock Exchange maintains approximately 2.5 billion shares in private markets. According to its website, public investors, comprising local and foreign institutions, along with affluent individuals, hold 64% of these shares. The high interest in the exchange's shares has created pressure on the limited available stock. According to two individuals familiar with the situation, at least three market intermediaries had to refund investors after failing to deliver shares, as some sellers withdrew considering the anticipated IPO. The exchange has intensified its focus on equity derivatives trading. NSE's Chief Executive Officer Ashish Kumar Chauhan recently informed analysts and investors that the previous decline in market share compared to BSE Ltd. Tired of too many ads? go ad free now has 'run its course'. NSE intends to submit an application to shift its derivatives contracts' expiration from Thursday to Tuesday to regain its position against BSE. The NSE, supported by significant investors including Life Insurance Corp. of India and Canada Pension Plan Investment Board, initially submitted IPO documentation in 2016.
Economic Times
6 days ago
- Business
- Economic Times
NSE's valuation jumps 60% with IPO looming: Sources
Anticipation of an upcoming IPO has propelled the National Stock Exchange of India's valuation to $58 billion in private markets, fueled by aggressive buying from wealthy investors. This surge coincides with efforts to resolve a longstanding legal dispute hindering listing plans. The exchange is also strategizing to regain market share in equity derivatives, aiming to surpass its competitor, BSE Ltd. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Growing hopes for a listing of the world's biggest equity-derivatives bourse have pushed the valuation of the National Stock Exchange of India Ltd. to $58 billion in private markets, according to people involved in recent investors and institutions anticipating an initial public offering as early this year have been buying the unlisted shares aggressively, two of the people said, asking not to be identified as the deals are private. With demand far outstripping supply, the stock has changed hands for as much as 2,000 rupees ($23) recently. Its valuation had already doubled in just four months to as much as $36 billion in rally coincides with efforts by the exchange to settle a longstanding legal dispute with India's securities regulator that has held up its listing plans for nearly a decade. A potential IPO would place NSE's $58 billion valuation above that of Nasdaq Inc. and would narrow the gap with Deutsche Boerse AG's $62 billion market value, data compiled by Bloomberg NSE has almost 2.5 billion shares outstanding in private markets. Some 64% of that is held by public investors — including local and foreign institutions — and wealthy individuals, according to its website. An email to the exchange's representative went robust demand for shares of the exchange has strained the already limited stock supply. At least three market intermediaries had to return the money to prospective investors after failing to deliver shares because some sellers backed out ahead of the expected IPO, according to two people familiar with the the bourse has become more aggressive in equity derivatives. After consistently losing market share to listed peer BSE Ltd. , NSE's Chief Executive Officer Ashish Kumar Chauhan recently told analysts and investors that the decline has 'run its course.' To win back ground over BSE, NSE plans to apply to change the expiration day of its derivatives contracts to Tuesday from NSE, backed by large investors like Life Insurance Corp. of India and Canada Pension Plan Investment Board, first filed papers for an IPO in 2016. The regulator's investigation into allegations that some high-speed traders gained unfair access to its co-location servers not only derailed the listing, but also led to a six-month ban from capital markets.
Time of India
6 days ago
- Business
- Time of India
NSE's valuation jumps 60% with IPO looming: Sources
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Growing hopes for a listing of the world's biggest equity-derivatives bourse have pushed the valuation of the National Stock Exchange of India Ltd. to $58 billion in private markets, according to people involved in recent investors and institutions anticipating an initial public offering as early this year have been buying the unlisted shares aggressively, two of the people said, asking not to be identified as the deals are private. With demand far outstripping supply, the stock has changed hands for as much as 2,000 rupees ($23) recently. Its valuation had already doubled in just four months to as much as $36 billion in rally coincides with efforts by the exchange to settle a longstanding legal dispute with India's securities regulator that has held up its listing plans for nearly a decade. A potential IPO would place NSE's $58 billion valuation above that of Nasdaq Inc. and would narrow the gap with Deutsche Boerse AG's $62 billion market value, data compiled by Bloomberg NSE has almost 2.5 billion shares outstanding in private markets. Some 64% of that is held by public investors — including local and foreign institutions — and wealthy individuals, according to its website. An email to the exchange's representative went robust demand for shares of the exchange has strained the already limited stock supply. At least three market intermediaries had to return the money to prospective investors after failing to deliver shares because some sellers backed out ahead of the expected IPO, according to two people familiar with the the bourse has become more aggressive in equity derivatives. After consistently losing market share to listed peer BSE Ltd. , NSE's Chief Executive Officer Ashish Kumar Chauhan recently told analysts and investors that the decline has 'run its course.' To win back ground over BSE, NSE plans to apply to change the expiration day of its derivatives contracts to Tuesday from NSE, backed by large investors like Life Insurance Corp. of India and Canada Pension Plan Investment Board, first filed papers for an IPO in 2016. The regulator's investigation into allegations that some high-speed traders gained unfair access to its co-location servers not only derailed the listing, but also led to a six-month ban from capital markets.
India Today
6 days ago
- Business
- India Today
Explained: Why NSE unlisted shares hit an all-time high
The National Stock Exchange (NSE) is back in the spotlight as its unlisted shares surged to a record Rs 2,100 on Monday, fuelling renewed investor excitement around its long-delayed public debut. At the heart of this rally is growing anticipation that the country's largest stock exchange may finally overcome regulatory hurdles blocking its public to a report by The Economic Times, NSE is offering a record Rs 10 billion ($118 million) to settle a long-standing co-location case with the Securities and Exchange Board of India (Sebi). The potential deal, which is still under consideration, could pave the way for a long-delayed IPO by securing a crucial no-objection certificate from the had earlier put NSE's IPO dreams on ice due to allegations dating back to 2015 that certain high-frequency traders received unfair access to its co-location servers. This not only torpedoed NSE's IPO attempt in 2016 but also led to a six-month capital markets ban. In October, the exchange paid Rs 6.4 billion to settle one part of the of a broader regulatory thaw began emerging last week when Sebi chairperson Tuhin Kanta Pandey said the regulator was 'working closely' with NSE to resolve all outstanding matters. 'I can't give you the timeline, but it will be done soon. NSE and Sebi are talking. They are resolving the issues,' he said at a recent NSE's recent earnings call, CEO Ashish Kumar Chauhan said Sebi had flagged four key areas that need resolution before the IPO can proceed, including remaining legal investors aren't waiting. Market enthusiasm is spilling over into the grey market, where optimism around a post-settlement listing is feeding a surge in unlisted share activity. The buzz is further amplified by recent marketing materials posted by US-based Drew Investments, which is raising a special purpose vehicle to invest in NSE at valuations ranging from Rs 1,550 to Rs 1,700 per share. According to Drew, the exchange's private valuation has climbed from $36 billion in September to $50 billion now.'The rise in NSE's unlisted share price reflects strong investor demand ahead of the IPO, with expectations of significant returns post-listing,' said Krishna Patwari, Founder and Managing Director of Wealth Wisdom also pointed to the exchange's blockbuster year in primary markets. 'NSE facilitated 268 IPOs in 2024 alone — 90 on the mainboard and 178 in the SME segment — raising Rs 1.67 lakh crore. That's the highest number in any calendar year,' he said, noting it underlines growing confidence in India's capital NSE continues to deliver. For the March quarter (Q4 FY25), it reported a consolidated net profit of Rs 2,650 crore, a 7% year-on-year increase. Revenue from operations, however, dipped 18% to Rs 3,771 crore. The exchange also announced a dividend of Rs 35 per share for experts warn that investing in unlisted shares is not without risks. These include poor liquidity, valuation opacity, and regulatory uncertainties. Delays in IPO clearance or changes in SEBI's stance could disrupt expected returns. advertisement
