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{{Use dmy dates|date=May 2018}}
{{Use Indian English|date=May 2018}}
{{Infobox Exchange
|name = OTC Exchange of India
|logo = [[File:OTCEI_logo.gif]]
|image =
|type = [[Stock Exchange]]
|city = [[Mumbai]]
|country = [[India]]
|coor =
|foundation = 1990
Started function in the year 1992
|owner = [[Government of India]]
|key_people = Mr Praveen Mohnot, [[Managing Director|MD]]<ref>{{cite web|url=http://www.thehindubusinessline.in/2001/01/12/stories/021262pq.htm |title=Building OTCEI to be the 'Nasdaq of India' |publisher=The Hindu Business Line |date= |accessdate=2010-10-15}}</ref><ref>{{cite web|url=http://www.thehindubusinessline.in/2001/01/12/stories/021218pb.htm |title=OTCEI plans growth equity market for VCFs |publisher=The Hindu Business Line |date=2001-01-12 |accessdate=2010-10-15}}</ref>
|currency = [[Indian rupee]] ({{INR}})
|listings =
|mcap =
|volume =
|indexes =
|homepage = {{URL|www.otcei.net}}
|footnotes =
}}

The '''OTC Exchange Of India''' ('''OTCEI'''), also known as the Over-the-Counter Exchange of India, is based in [[Mumbai]], [[Maharashtra]]. It is under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]] , [[Government of India]]. It is India's first exchange for small companies,<ref name="BusinessStandard2009">{{cite news|url=http://www.business-standard.com/india/news/nse-starts-discussions-for-sme-exchange/379772/ |title=NSE starts discussions for SME exchange |newspaper=Business Standard India |publisher=Business-standard.com |date=2009-12-17 |accessdate=2010-10-15}}</ref> as well as the first screen-based nationwide [[stock exchange]] in India.<ref>{{cite web|url=http://www.surfindia.com/finance/otc-exchange-india.html |title=OTC Exchange of India,OTC Stock Exchange of India,OTC Stock Market of India,OTC Exchange Market of India |publisher=Surfindia.com |date= |accessdate=2010-10-15}}</ref> OTCEI was set up to access high-technology enterprising promoters in raising finance for new product development in a cost-effective manner and to provide a transparent and efficient trading system to investors.<ref>{{cite web|url=http://www.financialexpress.com/old/fe/daily/19990918/fma18029.html |title=OTC Exchange chalks out revival plan |publisher=Financialexpress.com |date=1999-09-18 |accessdate=2010-10-15}}</ref>

OTCEI is promoted by the [[Unit Trust of India]], the [[Industrial Credit and Investment Corporation of India]], the [[Industrial Development Bank of India]], the [[Industrial Finance Corporation of India]], and other institutions, and is a recognised stock exchange under the SCR Act.

The OTC Exchange Of India was founded in 1990<ref name="BusinessStandard2009" /> under the [[Companies Act 1956]] and was recognized by the Securities Contracts Regulation Act, 1956 as a stock exchange. The OTCEI is no longer a functional exchange as the same has been de-recognised by SEBI vide its order dated 31 Mar 2015.<ref>{{Cite web|url=http://www.sebi.gov.in/sebi_data/attachdocs/1427808617888.pdf|title=SEBI Securities and Exchange Board of India Official Circular No: WTM/RKA /MRD/25/2015 - "Exit Order in Respect of OTC Exchange India"|last=|first=|date=|website=www.sebi.gov.in|archive-url=|archive-date=|access-date=}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/markets/stocks/policy/sebi-permits-otc-exchange-of-india-to-exit-from-stock-markets/articleshow/46770295.cms|title = Sebi permits OTC Exchange of India to exit from stock markets|newspaper = The Economic Times}}</ref>

== See also ==
* [[List of stock exchanges in the Commonwealth of Nations]]

== References ==
{{reflist}}

==External links==
* {{Official website|http://www.otcei.net/}}

{{Financial services in India}}
{{Stock exchanges in India}}

[[Category:Financial services companies based in Mumbai]]
[[Category:Indian companies established in 1990]]
[[Category:Former stock exchanges in India]]
[[Category:1990 establishments in Maharashtra]]
[[Category:Financial services companies established in 1990]]

{{stockexchange-stub}}

OTC Exchange of India - Revision history

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