About UsThe history of the Exchange dates back into the pre-independence era. The genesis of the Exchange in the form of METAL EXCHANGE ASSOCIATION. This fledging organization was nurtured under the dynamic leadership and able guidance of its founder President, the late Sheikh Gulamally Shamshuddin Tambawala, a man of tremendous vision and wisdom. He was ably assisted and supported by his colleagues late Shri Ambalal G. Parekh and late Shri Gordhandas Jethalal Shah, both Hon. Joint Secretaries. Starting with a modest membership of just 8 members, the Exchange grew from strength to strength, evolving into dynamic organization of today which has all along strived for the promotion of non-ferrous metals trade and industry and trade in the country.
During the Second World War, country witnessed severe import restrictions and distribution controls all around and this extended to the field of non-ferrous metals also. But the post-war period gave an impetus to non-ferrous metals industries the world over, India being no exception. After independence, the country experience a brief spell of liberalized import which provided welcome opportunities for indigenous trade and industry to consolidate its position and explore new avenues for growth. The preceding boom in non-ferrous metals trade increased the responsibilities and activities of the Metal Exchange Association, thus furthering its horizons. The Exchange entered into new era in 1946 when it was entrusted with responsibilities of distribution of imported as well as locally manufactured non-ferrous metals and semis.
1948 saw the birth of a new venture, The Metals Traders' Association, which took over trading from the Metal Exchange Association enabling importers to conduct hedge trading, as the prices in India fluctuated in response to those in London Metal Exchange.
It was in the year 1955, the most significant event in the history of the Exchange occurred. It was the amalgamation of Metal Exchange Association and Metal Traders' Association. This merger gave rise to BOMBAY METAL EXCHANGE LIMITED. The credit for this alliance goes to Sheth Abdul Huseein Tambawala, Shri Gopaldas Gupta, Shri Abheraj Baldota, Shri Rajkumar Bagri and late Shri Gordhandas Jethalal, who envisioned the importance of the non-ferrous metals trade and industry and the vital role it played in the national economy. Indeed Bombay Metal Exchange Ltd is an embodiment of the coming together of these two, each contributing to the interest and well-being of the other.
Inspite of the constitutional limitation of the Exchange to have members only from Mumbai, Thane & Raigad District, at the time of inception in the year 1955 BME had about 103 members which now commands a strength of around 400 members and from 44 registered brokers it has almost doubled to 89 brokers. |
Events ParticipationShri Vishnu Aggarwal and his spouse Smt. Anju V. Aggarwal performing Puja at the BME House BME Directors along with Chief Guest Lord Rajkumar Bagri, Guest of Honour Shri Jignesh Shah at the Inauguration Function of BME House
Inauguration of BME House at the hands of Lord Rajkumar Bagri Guest of Honour Shri Jignesh Shah inaugurating BME Office
Shri Vishnukumar Aggarwal inaugurating BME House Plaque Shri Surendrabhai N. Parikh Inaugurating Central Hall
Inauguration of Board Room at the hands of Shri Surendrabhai N. Parikh Shri Jignesh Shah and Shri Ratan Mardia inaugurating BME Building Fund Plaque
Lord Bagri and Shri Vishnukumar Aggarwal inaugurating Board of Directors Plaque Shri Mangilal Mehta inaugurating BME Conference Room Plaque
Shri Sevantilal M. Morakhia inaugurating BME Computer Centre Plaque BME Board of Directors along with Chief Guest Lord Rajkumar Bagri, Former Chairman LME & Shri Apurv Bagri
Shri Ashok G. Bafna Convenor Golden Jubilee Committee welcoming Guest of Honour Shri Jignesh Shah, Vice-Chairman MCX Ltd Chief Guest Lord Rajkumar Bagri, along with the Dignitaries & Board of Directors lighting the lamp at the Function
Shri Surendra M. Mardia, President BME, Shri Surendrabhai N. Parikh and Shri Ashok G. Bafna conferring Lord Bagriji with the esteemed award of Dhaturatna at the grand function Shri Surendra M. Mardia, President BME, Shri Surendrabhai N. Parikh, Shri Ashok G. Bafna, and Shri Rohit V. Shah presenting Lord Bagriji the Plaque of Dhaturatna at the grand function
Release of the BME Members Directory by Guest of Honour Shri Jignesh Shah Chief Guest Lord Rajkumar Bagri, Shri Ashok G. Bafna, Shri Sitalkumar T. Agarwal Past President and felicitating Shri Vishnu Aggarwal
Guest of Honour Shri Jignesh Shah addressing at the Function Chief Guest Lord Rajkumar Bagri addressing at the Function
BME Directors and Trustees along with Guest of Honour Shri Jignesh Shah Shri Hemant K. Parekh, Vice-President BME along with Director Shri Sandeep T. Jain at the BME Stall at the Asian Metallurgy 2009 Exhibition
Shri Hemant K. Parekh, Vice-President addressing at the Asian Metallurgy Summit 2009 Shri Sandeep T. Jain, Director BME along with Lord Rajkumar Bagri at his Office in London
Sandeep T. Jain, Director BME along with the Metro International representatives Mr Mark P Askew(USA), Mr Michael Kagushev (Russia) and Mr Robert Burgess (Commodity Finance) and Metal Registration director Melanie R Wells during a meeting in London BME Board Members and invited dignitaries lighting the lamp at the 52nd AGM
View of the Dias at the 52nd AGM Shri Surendra M. Mardia, President delivering his speech at the AGM
Dhaturatna Shri Surendrabhai N. Parikh addressing at the AGM View of the gathering at the AGM.
Team / Manpower - Ashok G. Bafna - President
- Mahendra H. Shah - Sr. Vice President
- Hemant K. Parekh - Vice President
- Surendra M. Mardia - Director
- Sitalkumar T. Agarwal - Director
- Sushil R. Kothari - Director
- Jayantilal M. Bafna - Director
- Rikhab V. Mehta - Director
- Kishore S. Jain - Director
- Ashwin S. Shah - Director
- Shailesh S. Shah - Director
- Shripal R. Morakhia - Director
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 | Fact Sheet | | | Year of Establishment | : | 1933 | | Nature of Business | : | Service Provider, Trader | | Number of Employees | : | Upto 10 People | | Turnover | : | Upto US$ 0.25 Million (or upto Rs. 1 Crore Approx.) |
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Contact Details| | Company Name:
| Bombay Metal Exchange Limited | | Contact Person: | Mr. Surendra M. | | Telephone: | +(91)-(22)-22421964 / 56096588 / 56096590
| | Mobile / Cell Phone: | +(91)-9321154188 | | Fax No: | +(91)-(22)-24202640 | | Address: | 88/90,1st Floor, Kika Street., Mumbai, Maharashtra - 400 004 (India) |
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