Phiroze Jeejeebhoy Towers
Encyclopedia
The Phiroze Jeejeebhoy Towers, popularly known by its original name of BSE Towers, is a 29 storey building in downtown Mumbai
on Dalal Street
, near its intersection with the Mumbai Samachar Marg. The building is owned and occupied by the Bombay Stock Exchange
(BSE).
Prior to 1928, the Bombay Stock Exchange (BSE) operated out of a building near the Town Hall
. The present site near Horniman Circle was acquired by the exchange in 1928, and a building was constructed and occupied in 1930. The street on which the site is located came to be called Dalal Street (Hindi: Broker Street) due to the location of the exchange.
Construction of the current towers began in the late 1970s, with the building completed and occupied by the BSE in 1980. It was initially called BSE Towers. Soon after occupation, following the death of Sir Phiroze Jamshedji Jeejeebhoy
, chairman of the BSE since 1966, the building was renamed in his memory.
At the time of its completion, it was the tallest building in India, although it has since lost that claim to newer buildings.
The building was a target of the 1993 Bombay bombings. The first of the 13 bomb blasts occurred at 13:25 hours on 12 March 1993 in the basement garage of the building. Almost 50 brokers and traders were killed and 30 cars were destroyed in the attack.
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
on Dalal Street
Dalal Street
Dalal Street in downtown Mumbai, India is the address of the Bombay Stock Exchange and several related financial firms and institutions. It is the busiest street in the city...
, near its intersection with the Mumbai Samachar Marg. The building is owned and occupied by the Bombay Stock Exchange
Bombay Stock Exchange
The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...
(BSE).
History
Asiatic Society of Bombay
The Asiatic Society of Mumbai, a learned society in the field of Asian studies, is based in Mumbai, India. It can trace its origin to the Literary Society of Bombay which first met in Mumbai on November 26, 1804, and was founded by Sir James Mackintosh. It was formed with the intention of...
. The present site near Horniman Circle was acquired by the exchange in 1928, and a building was constructed and occupied in 1930. The street on which the site is located came to be called Dalal Street (Hindi: Broker Street) due to the location of the exchange.
Construction of the current towers began in the late 1970s, with the building completed and occupied by the BSE in 1980. It was initially called BSE Towers. Soon after occupation, following the death of Sir Phiroze Jamshedji Jeejeebhoy
Phiroze Jamshedji Jeejeebhoy
Sir Phiroze Jamshedji Jeejeebhoy was the Chairman of the Bombay Stock Exchange from 1966, until his death in 1980. The Bombay Stock Exchange is the largest of its kind in India, and one of the busiest in the world....
, chairman of the BSE since 1966, the building was renamed in his memory.
At the time of its completion, it was the tallest building in India, although it has since lost that claim to newer buildings.
The building was a target of the 1993 Bombay bombings. The first of the 13 bomb blasts occurred at 13:25 hours on 12 March 1993 in the basement garage of the building. Almost 50 brokers and traders were killed and 30 cars were destroyed in the attack.