Mumbai: The market valuation of companies listed on the BSE's SME platform on Monday crossed the landmark Rs 10,000 crore mark within two years of its launch.
Commenting on the achievement BSE MD & CEO, Ashishkumar Chauhan said: "Reaching market capitalisation of Rs 10,000 crore in listed BSE SME companies is a small but significant step for Indian capital markets.
"BSE is delighted to be of help to SME companies in raising the capital, creating wealth for various stake holders, bringing corporate governance and visibility and providing liquidity on the platform. MSME sector is one of the largest provider of jobs in India and engine of job creation," he said.
"Regulatory framework set up by regulator SEBI and policies by Ministry of Finance have helped create a conducive environment for SME companies to list on BSE SME platform," Chauhan added.
India has a huge potential for SMEs and the success at BSE SME in less than 3 years of its setting up has opened up important avenues for high growth SME companies to raise funds for their growth from public, he said.
This also proves that Indian investors are willing to invest in right companies, however small, Chauhan noted. Recently, the market cap of companies listed at the BSE crossed Rs 100 lakh crore milestone. BSE is the world's largest stock exchange in terms of the numbers of companies listed on its platform which stands at 5,530.