CEO Ashish Kumar Chauhan says that those wanting to become rich and billionaires should list on India’s National Stock Exchange (NSE). He said India is a place where there is a lot of brains, a lot of enterprise and very little capital is required.
Speaking at CNBC’s CONVERGE LIVE event in Singapore, Chauhan highlighted that many enterprises have emerged in India, with around 200 micro-companies listed on NSE in 2024 alone, the largest number of listings in the world. Around $19.2 billion was amassed from the listings last year. He added that he advises entrepreneurs or startup founders who want to become billionaires to list on the NSE.
The Indian business executive said listings are continuing, but not with the same speed as in 2024. Chauhan believes if the market comes up, there will be many more IPOs. Moreover, investors have been keenly looking for NSE’s own IPO since its initial filing back in 2016. There have been some delays and the IPO is yet to be launched.
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Indian Market to Shine
Chauhan is very optimistic about the Indian markets despite equities having bottomed out due to a weak start to 2025. Nifty 50 index and the BSE Sensex index are down 5.37 percent and 5.72 percent, respectively, since the start of the year. The CEO attributed this to concerns over valuations and the strength of the U.S. dollar.
He said valuations are back to near their 10-year average. This should attract retail investors and foreign institutional investors. Chauhan noted that Indians are now investing in the stock market. Earlier they had been more into physical assets like gold and real estate. They are also showing interest in derivatives and mutual funds.
