Pune Stock Exchange (PSE) was a regional stock exchange located in Pune, Maharashtra, India. It was established in 1982 to serve the growing financial and industrial activity in the region. It operated as one of the recognized stock exchanges in India under the Securities Contracts (Regulation) Act, 1956.
History
The Pune Stock Exchange was formally recognized by the
Ministry of Finance
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position .
A ministry of finance's portfoli ...
in 1982 and commenced operations with the aim of catering to the capital market needs of western Maharashtra. It was a response to the increasing number of small and medium enterprises (SMEs) in Pune seeking access to equity funding.
Governance and Reforms
In April 2003, SEBI intervened by superseding the PSE’s Board of Directors due to serious governance lapses, appointing an administrator to restore proper functioning.
In 2005, SEBI approved its corporatisation and demutualisation scheme—mandating conversion into a company limited by shares and separating ownership from trading rights.
Membership and Coverage
By mid-2000s, the PSE had grown to around 185 trading members and listed over 300 companies, including many from Pune, Satara, Sangli, Solapur, Kolhapur, Ahmednagar, Aurangabad, Nashik, and even Mumbai.
Operations
Originally operating on a traditional open outcry system, PSE later transitioned to computerized trading. Despite modernization efforts, it struggled to compete with larger national platforms like the
NSE and
BSE.
Derecognition and Exit
In response to SEBI regulations requiring minimum net worth and trading volumes, the PSE applied for voluntary exit. SEBI approved its exit on 13 April 2015; it was officially derecognized and instructed to stop using “stock exchange” in its name.
Legacy
Though no longer operational, PSE played a significant role during a transitional phase in India's regional capital markets. Its closure was part of a nationwide consolidation trend among regional exchanges under SEBI oversight.
See also
*
Bombay Stock Exchange
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024.
Established with t ...
*
National Stock Exchange of India
National Stock Exchange of India Limited, also known as the National Stock Exchange (NSE), is an Indian stock exchange based in Mumbai. It is the List of stock exchanges, 5th largest stock exchange in the world by total market capitalization, ...
See also
*
List of South Asian stock exchanges
This is a list of Asian stock exchanges.
In the Asian region, there are multiple stock exchanges. As of 2025, the top 10 major stock exchanges in Asia as per market capitalisation are listed below.
* Shanghai Stock Exchange, China
* Tokyo Stoc ...
*
List of stock exchanges in the Commonwealth of Nations
This is a list of active stock exchanges in the Commonwealth of Nations (Full Members). The Commonwealth of Nations features member-states located on all major continents and represents almost one-third of the Earth's population. Some states ha ...
References
External links
Pune Stock Exchange Website
{{Stock exchanges in India
Economy of Pune
1982 establishments in Maharashtra
Former stock exchanges in India
Indian companies established in 1982
Financial services companies established in 1982