About Hyderabad Stock Exchange
The Hyderabad Stock Exchange (HSE) in Hyderabad had started its operations in the year 1941. Initially, the operations were carried out on a very small scale in a building taken on rent in the area of Koti. Later, in 1987, the office was shifted to Aiyangar Plaza, Bank Street.
In the month of September 1989, the expansion of the trading business led to the establishment of its own building. Thus, the entire office was moved to a building in Himayathnagar, Hyderabad. The building was inaugurated by Shankar Dayal Sharma, who was the Vice-President of India at that point of time.
The continuous process of expansion made it important to have all the trading members under one proof and as a result the company went for the acquisition of bigger premises at 6-3-654/A ; Somajiguda, Hyderabad - 82. The building had 6 floors and premises had a built area of around 486,842 square feet. It also included a cellar of about 70,857 square feet.
In the year 1993, the stock exchange in Hyderabad had 117 members, which over the period of time grew to become 300 by March 31, 2000. It also featured 869 listed companies with the paid-up capital of Rs.19128.95 crores. Between the years 1999 and 2000, the turnover of the stock market in Hyderabad reached Rs. 1236.51 crores.
Background of Hyderabad Stock Exchange
Few noted bankers and brokers started the share and stock Brokers Association in the month of November 1941. Later, Finance Minister Mr. Gulab Mohammed constituted a committee to be responsible for formulating rules and regulations of the stock market in the year 1942.
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