BSE: Board approved to identify strategic investors in StAR MF, it is cash positive & profitable biz

BSE Ltd stock us up 45% YTD (in 2021) and has reported gains of nearly 134% in a year. The stock exchange has posted good profits in Q4 at about Rs 15cr. Covid has led to accelerated adoption of technology and has increased investor interest in equities manifold also there has been high interest in the unlisted space with NSE commanding high valuations. ET NOW caught up with Ashishkumar Chauhan, MD & CEO, BSE to know more about growth outlook ahead and value unlocking in StAR MF, Poonam Saney is here to share more details. In an exclusive interaction with ET NOW, Ashishkumar Chauhan, MD & CEO, BSE said, Board has approved to identify strategic investors and figure out appropriate structure for StAR MF, StAR MF has seen profitable growth unlike other Fintech which have high cash burn, our business is cash positive and highly profitable with marginal cost of running the business close to zero. BSE had about 5cr accounts in march 2020 and now that has increased to 7cr accounts which is a huge number. Zerodha, Upstox have played an imp role, India is becoming much deeper in total no of investors and BSE is seeing investors from every zipcode of the country. Chauhan said, “Non linearity in our business is very high, need to have patience, work hard and evolve, in some ways exchanges are a platform play, we are the tech providers to the exchanges today, we are the only exchange in India that owns, maintains and operates most of its technology and this differentiates us from other exchanges.”

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting