Ajay Thakur: A Two-decade Journey Shaping India’s Capital Market and SME Platform

Ajay Thakur, with 20+ years in India’s capital markets, launched BSE’s SME Platform, listing 228 companies and raising Rs. 1923.81 crores in funding.

Ajay Thakur has over two decades of experience in India’s capital markets, having worked with the country’s largest custodian and stock exchange. Starting his career in 1994 with Stock Holding Corporation Ltd as Senior Executive – Market Operations, he moved to Vadodara Stock Exchange and played key roles in market operations and setting up the depository. In 1996, he joined BSE Ltd as Head of Arbitration and Business Development, where he developed the derivatives segment and expanded regional centers.

Currently, as Head of BSE SME, he launched the SME Platform on March 13, 2012, making BSE the first exchange to do so. The platform has been recognized by the Asian Development Bank and IOSCO for its cost-effectiveness and success in promoting SME listings. Under his leadership, the platform has listed 228 companies from 29 sectors, raising Rs. 1923.81 crores with a market capitalization of Rs. 24,167.49 crores.

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