BSE Limited Invites Applications for Managing Director and CEO Position

BSE Limited has initiated the process to appoint a new Managing Director and Chief Executive Officer, setting a submission deadline of November 19, 2026. The exchange has outlined specific criteria regarding capital markets experience, educational qualifications, and regulatory compliance for prospective candidates.

MUMBAI — BSE Limited has officially invited applications for the position of Managing Director and Chief Executive Officer (MD & CEO), according to a recent company statement. Interested candidates are required to submit their resumes by 10:00 am IST on November 19, 2026.

The exchange is looking for candidates who possess a strong understanding of capital markets, technology, and digital transformation. Additionally, applicants must demonstrate experience in managing diverse stakeholders, including investors, regulators, business partners, customers, and employees. The role will be based in Mumbai, with compensation and benefits structured in line with industry standards.

Regarding educational requirements, the notice states that applicants must hold a strong academic background, which includes a graduate degree or professional qualification such as BA, B.Com, CA, MBA, LLB, B.Tech, or equivalent credentials from recognized institutions. Furthermore, candidates must be below 62 years of age as of July 1, 2027, and hold an Indian passport.

The selection process also entails strict regulatory compliance. Applicants are required to fulfill the eligibility requirements outlined by the Companies Act and SEBI Regulations. They must also obtain the necessary clearances or No Objection Certificates from relevant authorities where required. BSE noted that the final selection remains at its sole discretion, subject to applicable regulatory approvals.

Under current SEBI guidelines, an individual can serve as MD & CEO for a maximum of two terms, with each term not exceeding five years, and up to a maximum age limit of 65 years. However, the exchange indicated that eligibility requirements may be relaxed for exceptional candidates at the discretion of BSE Ltd.

BSE has emphasized that only applications submitted through the prescribed process and within the stipulated timeline will be considered for the Mumbai-based role.

"The leadership transition at a premier financial institution like BSE Limited is a critical milestone, particularly as stock exchanges navigate rapid advancements in technology and digital transformation. Setting clear regulatory, age, and academic benchmarks ensures that the institution attracts seasoned leadership capable of managing complex stakeholder relationships. For the broader financial and business ecosystem, the appointment of a strategic MD & CEO will play a vital role in shaping market growth, operational innovation, and regulatory compliance over the coming terms." — Dr. Shishir Gupta, Founder & CEO, StartupLanes