About MSEI
MSEI is a company based in Mumbai (India) founded in 2008. MSEI has raised $174.12 million across 3 funding rounds from investors including Share India, Billionbrains Garage Ventures and Rainmatter. The company has 120 employees. MSEI offers products and services including Equities Trading, Currency Derivatives, and Equity Derivatives. MSEI operates in a competitive market with competitors including NSE India, BSE India, StockHolding Corporation of India, India INX and Varun Mercantile, among others.
- Headquarter Mumbai, India
- Employees 120
- SectorsFinancial Services
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website msei.in
- Social LinkedIn X Facebook
- Legal Name Metropolitan Stock Exchange Of India Limited
- Date of Incorporation 14 Aug, 2008
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹21.05 Cr
FY 2024 · -61% YoY
- Net Loss-₹48.74 Cr
FY 2024 · -232% margin
- EBITDA-₹49.37 Cr
FY 2024 · -235% margin
- Total Equity Funding$174.12M (USD)
in 3 rounds
- Latest Funding Round$114.26M (USD), Series D
Aug 2025
- InvestorsShare India
& 3 more
- Employee Count120
Associated legal entities of MSEI
MSEI is associated with 3 registered companies on The Company Check; the primary company is Metropolitan Stock Exchange Of India Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Metropolitan Stock Exchange Of India Limited CIN U65999MH2008PLC185856 | Active | 14 Aug 2008 | Mumbai, Maharashtra | ₹21.1 Cr | 120 | 7 | View details |
| Mse Fintech Limited CIN U72100MH2012PLC227604 | Active | 02 Mar 2012 | Mumbai, Maharashtra | – | – | 3 | View details |
| Mse Enterprises Limited CIN U72100MH2008PLC188032 | Amalgamated | 07 Nov 2008 | Mumbai, Maharashtra | ₹25.8 Cr | 10 | 6 | View details |
Products & Services of MSEI
MSEI offers a comprehensive portfolio of products and services, including Equities Trading, Currency Derivatives, and Equity Derivatives.
Platform for buying and selling equities securities
Services for trading currency-based financial instruments
Tools for trading options and futures on equities
Funding Insights of MSEI
MSEI has successfully raised a total of $174.12M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $114.26 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $174.12M
- Total Rounds 3
- Last Round Series D — $114.26M
- First Round $32M
(Oct 2017)
- Investors Count 4
All 3 funding rounds of MSEI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | $114.26M | Series D | – | – | – |
| Dec 2024 | $27.86M | Series C | – | – | |
| Oct 2017 | $32M | Series C | – | – | – |
4 investors in total: 4 institutional.
Investors in MSEI
MSEI has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Share India, Billionbrains Garage Ventures and Rainmatter.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Indian fund focused on fintech, health, and climate initiatives. | – | rainmatter.com | Bengaluru, India | |
- | – | billionbrainsgarageventures.tcc.mode | - | |
Online trading platform for multi-assets | 1994 | shareindia.com | Noida, India | |
Investment and strategic support are provided to growing companies. | – | securocropsecurities.com | Delhi, India |
Investor details for MSEI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Metropolitan Stock Exchange Of India Limited (MSEI)
Metropolitan Stock Exchange Of India Limited is the primary company behind MSEI. The boards of the 3 registered companies of MSEI currently have 10 directors; the longest-serving is Latika Sarabjit Kundu, appointed in 2020. 78 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Latika Sarabjit Kundu DIN 08561873 | Managing Director | 12 Mar 2020 | 6 yrs 6 mo | Metropolitan Stock Exchange Of India Limited, Mse Fintech Limited |
| Saket Bhansali DIN 06817955 | CFO | 21 Aug 2020 | 6 yrs 1 mo | Metropolitan Stock Exchange Of India Limited, Mse Enterprises Limited, Mse Fintech Limited |
| Durgesh Manohar Kadam DIN 09729055 | Company Secretary | 13 Apr 2022 | 4 yrs 5 mo | Metropolitan Stock Exchange Of India Limited |
| P V Krishna Iyer P K Ramesh DIN 08363403 | Director | 20 May 2022 | 4 yrs 4 mo | Mse Enterprises Limited, Mse Fintech Limited |
| Neha Rajen Gada DIN 01642373 | Additional Director | 02 Dec 2022 | 3 yrs 10 mo | Mse Enterprises Limited |
| Dinesh Chander Patwari DIN 10060352 | Director | 22 May 2023 | 3 yrs 4 mo | Metropolitan Stock Exchange Of India Limited |
| Rakesh Kumar Srivastava DIN 08896124 | Director | 18 Nov 2023 | 2 yrs 10 mo | Metropolitan Stock Exchange Of India Limited |
| Manoj Pundalik Kunkalienkar DIN 00019200 | Director | 20 Dec 2023 | 2 yrs 9 mo | Metropolitan Stock Exchange Of India Limited |
| Prasad Hari Chaudhari DIN 07705005 | Director | 11 Jan 2024 | 2 yrs 8 mo | Mse Enterprises Limited |
| Ashok Kumar Dogra DIN 07074297 | Additional Director | 16 Jan 2024 | 2 yrs 8 mo | Metropolitan Stock Exchange Of India Limited |
People of MSEI
1 people are tracked at MSEI (1 in leadership); the tracked headcount is 120.
| Name | Role | Group |
|---|---|---|
| CEO & Managing Director | Leadership |
Complete people profiles for MSEI
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of MSEI
Figures of Metropolitan Stock Exchange Of India Limited, the primary company behind MSEI, for FY 2024. Revenue was ₹21.05 Cr (-61% year on year). Net loss was -₹48.74 Cr (-232% margin). EBITDA was -₹49.37 Cr (-235% margin). Revenue has grown at a compounded annual rate of -13% over three years and -10% over five years.
- ₹21.05 CrRevenue · FY 2024 · -61% YoY
- -₹48.74 CrNet loss · -232% margin
- -₹49.37 CrEBITDA · -235% margin
- ₹1,100 CrPaid-up capital
- 120Employees (provident fund records)
- -13%Revenue CAGR, 3 years
- -10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Metropolitan Stock Exchange Of India Limited are on its company page.
Detailed financial statements for MSEI
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of MSEI
3 dated milestones of MSEI across 17 years, from founding to its latest funding, stage changes and deals.
- Founded MSEI is founded.
- Funding First funding round of $32.0M.
- Funding Latest funding round, Series D, of $114.3M.
Competitors of MSEI
MSEI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NSE India, BSE India, StockHolding Corporation of India, India INX and Varun Mercantile, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nseindia.com | 1992 | Mumbai, India | $483.34M | 1,873 | Stock exchange services including equities and derivatives are offered. | |
| bseindia.com | 1875 | Mumbai, India | $42.77M | 937 | Equities and securities are traded on India's oldest stock exchange. | |
| stockholding.com | 1986 | Mumbai, India | – | 1,282 | Serves as a custodial service provider for listed securities. | |
| indiainxga.com | 2017 | India | – | 4 | Online stock trading is facilitated by India INX platform. | |
| vml.org.in | 2015 | Mumbai, India | – | – | It serves as a limited information available. | |
| finexforex.co.in | 2011 | Kochi, India | – | – | Provides comprehensive foreign exchange and financial services for individuals and corporate clients. | |
| rajgul.com | 1956 | Delhi, India | – | – | Provides investment solutions, equity research, mutual fund advisory, and wealth management for individuals and institutions. |
Detailed competitors of MSEI
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MSEI
The website of MSEI (msei.in) receives about 163.2K visits a month and ranks #605,566 among all websites worldwide, #5,980 in Investing.
- Monthly visits163.2K
▲ 178.5% vs previous month
- Unique visitors27.9K
per month
- Global rank#605,566
among all websites
- Category rank#5,980
Finance · Investing
- Bounce rate50%
- Pages per visit1.9
- Average visit50 sec
- DevicesDesktop 30% · Mobile 70%
Websites whose visitors overlap most with MSEI. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| unlistedzone.com | 100% | 725.8K | #112,730 | View details | |
| nseindia.com | 94% | 19.9M | #2,783 | View details | |
| systematixgroup.in | 90% | 26.7K | #901,519 | View details | |
| wwipl.com | 86% | 112.2K | #483,177 | View details | |
fundata.in | fundata.in | 86% | – | #2,399,347 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for MSEI
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Msei
Complete news archive for MSEI
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to MSEI
10 companies that operate in the same segment as MSEI (Financial Exchanges), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Power trading services are facilitated via an automated platform. | 2007 | Delhi, Delhi, India | USD 30.02 M | USD 65.65 M | 179 | |
Stock trading, clearing, and securities listing services are operated globally. | 1971 | New York, New York, United States | – | USD 8.26 B | 9,160 | |
Private and financial market data analytics solutions are provided. | 1999 | Atlanta, Georgia, United States | – | USD 12.23 B | 12,920 | |
Equities and securities are traded on India's oldest stock exchange. | 1875 | Mumbai, Maharashtra, India | USD 42.77 M | USD 544.53 M | 1,520 | |
Stock exchange | 1792 | New York, New York, United States | – | – | 13,222 | |
Futures and options exchange services are provided worldwide. | 1973 | Chicago, Illinois, United States | – | USD 4.71 B | 1,690 | |
Financial stock exchange, data, and risk management services are provided. | 2007 | London, England, United Kingdom | – | USD 12.58 B | 26,250 | |
Stock exchange services including equities and derivatives are offered. | 1992 | Mumbai, Maharashtra, India | USD 483.36 M | USD 2.06 B | – | |
Trading, clearing, and settlement services for financial markets are facilitated. | 2011 | Moscow, Russia | – | – | 1,662 | |
Offsets and renewable energy marketplace | 2016 | San Francisco, California, United States | USD 712.17 M | – | – |
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Frequently Asked Questions about MSEI
MSEI was founded in 2008 and raised its 1st funding round 9 years after it was founded.
MSEI is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Latika S Kundu is the current CEO of MSEI.
MSEI is a funded company, having raised a total of $174.12M across 3 funding rounds to date. The company's 1st funding round was a Series C of $32M, raised on Oct 2017.
MSEI has 120 employees.
The primary company behind MSEI, Metropolitan Stock Exchange Of India Limited, reported revenue of ₹21.05 Cr for FY 2024, down 61% year on year.
MSEI was established in 2008 in Mumbai, India, as a national stock exchange. Electronic platforms for trading financial instruments, including equity, derivatives, currency, debt, and SME segments, are operated. Transparent and technology-driven systems are utilized to support orderly market activities. Focus is placed on efficient trading mechanisms within the financial sector across India.
MSEI's top competitors include BSE India, NSE India and StockHolding Corporation of India.
MSEI offers Equities Trading, Currency Derivatives, and Equity Derivatives.
MSEI has 4 investors. Key investors include Share India, Billionbrains Garage Ventures, Rainmatter, and Securocrop.
MSEI is associated with 3 legal entities: Metropolitan Stock Exchange Of India Limited, Mse Enterprises Limited, Mse Fintech Limited.
The legal entities of MSEI currently have 12 directors, including Saket Bhansali, Durgesh Manohar Kadam, Latika Sarabjit Kundu and others.