HSE

HSE - Hyderabad Stock Exchange (HSE)

About the Hyderabad Stock Exchange :

Since the establishment of the Hyderabad Stock Exchange in 1943, membership has increased from 55 to 869. As of 1999-2000, the exchange had a total of 310 brokers, ranging from corporate brokers to proprietor brokers. After the Securities Contracts Regulations Act in September 2005, the exchange became a corporatised and de-mutualised organization.

HSE - History of the Hyderabad Stock Exchange :

The Hyderabad Stock Exchange Limited (HSEL) was officially opened on November 14, 1943. Prior to this, a leading group of bankers and brokers - including Gulab Mohammed, Kamal Yar Jung Bahadur, and Sri Purushothamdas Thakurdas - had gathered together in November of 1941 to exchange information and ideas. This would lead to the creation of the Share and Stock Brokers Association.

The HSE would have to wait until September of 1958 for official recognition from the Indian government as The Securities Regulation Act was made applicable to the twin cities of Hyderabad and Secunderabad.