Create wealth, create jobs: NSE’s Ashish Chauhan tells small entrepreneurs

Start-ups and small entrepreneurs should join NSE, create wealth and jobs as the stock exchange encourages entry of even small companies, urged Ashish Chauhan, Managing Director and Chief Executive Officer, National Stock Exchange of India (NSE) here on Tuesday.

‘’Today, you are a small company, which is not funded by PEs or VCs, but know that there are 10.5 crore Indians who are willing to invest in your companies. Come to NSE, list your company, create wealth, create jobs for others and take your country forward,’‘ he encouraged a packed audience of startups and small entrepreneurs gathered at TiE Global Summit in Bengaluru.

Mr. Chauhan said, for the last 12 years, NSE has raised ₹15,000 crore for 576 companies whose market capitalisation has now become ₹2,20,000 crore.

Terming NSE as the mother of IT in India and also the country’s first fintech, he said the exchange was the fourth largest, with entrepreneurs alone accounting for $5.4 trillion, in terms of market capitalisation after the U.S., China and Japan.

“There is no similar market like India with a per capita of $3000. Poor Indians are investing in poor entrepreneurs. Today even smaller companies are raising ₹1 crore to ₹5 crore,’‘ he added.

However, he said NSE was the largest exchange in the world in terms of order number of trades per day. On a good day, it received 2000 crore orders in six hours and 15 minutes, that was literally 15 orders per person in India every day, he elaborated.

‘’We now give you response time in 100 microseconds, soon we will give you response time when you place an order including order number in nano seconds,’‘ he promised entrepreneurs.nds