SMEs will thrive, with many advancing to main board: BSE CEO
Sundararaman Ramamurthy, MD & CEO, BSE, says as the nation grows, so does its economy, leading to the expansion of individual enterprises. Entrepreneurs are investing their life savings into their ventures, and I believe that small and medium-sized enterprises (SMEs) will thrive, with many advancing to the main board. Once listed, these companies may pursue multiple exchange listings, enhancing liquidity, credibility, and access to financing, which will support greater capital formation and benefit the economy.
What is your view on how the SME listings for BSE would move for this year?
Sundararaman Ramamurthy: Let me give you a macro picture and then let me come to the BSE picture. From a macro level, we are talking about 6.2, 6.3 crores of SMEs in the country. Today we are talking about the total listing of some 1,000 plus companies across exchanges. All the 6.2 crore companies may not be big enough to come for listing or may not be requiring a listing as well.
But my gut feeling is at least 60,000 companies should be having requirements for getting listed. At this point of time, we just have 1,000. I feel there is a long way to go. When growth happens, not only good things will come out. When you plant crops, you sow the seed, you water them, you put fertilisers. Is it only those seeds that you planted grow? There are also weeds growing along with it. Then, what do you do? You take away the weeds.
In the same way when such an expansion is happening in SMEs, some bad companies also may try to come into the
