The Phiroze Jeejeebhoy Towers, popularly known by its original name of BSE Towers, is a 29-storey building in downtown
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
on
Dalal Street
Dalal Street ( hi, script=Latn, dalāl path, mr, script=Latn, dalāl gallī) in Financial District of Fort in Mumbai, is the address of the Bombay Stock Exchange and several financial institutions of the world. The term “Dalal Street” ha ...
, near its intersection with the
Mumbai Samachar
The'Mumbai Samachar'', is the oldest continuously published newspaper in India. Established in 1822 by Fardunjee Marzban, it is published in Gujarati and English.
History
The ''Mumbai Samachar'', Asia's oldest continuously published newspap ...
Marg. The building is owned and occupied by the
Bombay Stock Exchange
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in ...
(BSE). BSE has secured a trademark for its iconic building.
History
Prior to 1928, the Bombay Stock Exchange (BSE) operated out of a building near the
Town Hall
In local government, a city hall, town hall, civic centre (in the UK or Australia), guildhall, or a municipal building (in the Philippines), is the chief administrative building of a city, town, or other municipality. It usually houses ...
. The present site near
Horniman Circle
The Horniman Circle Gardens is a large park in South Mumbai, India, which encompasses an area of 2½ acres (10,100 m²). It is situated in the Fort district of Mumbai, and is surrounded by office complexes housing the country's premier banks. D ...
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'' in Hindi (English: ''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
Sir Phiroze Jamshedji Jeejeebhoy (1915–1980) was the Chairman of the Bombay Stock Exchange (BSE) 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.
Jeejee ...
, chairman of the BSE since 1966, the building was renamed in his memory. Upon its completion, it became one of the tallest Buildings in India.
The building was a target of the
1993 Bombay bombings
The 1993 Bombay bombings were a series of 12 terrorist bombings that took place in Bombay, Maharashtra, on 12 March 1993. The single-day attacks resulted in 257 fatalities and 1,400 injuries. The attacks were coordinated by Dawood Ibrahim, le ...
. 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.
References
See also
*
Dalal Street
Dalal Street ( hi, script=Latn, dalāl path, mr, script=Latn, dalāl gallī) in Financial District of Fort in Mumbai, is the address of the Bombay Stock Exchange and several financial institutions of the world. The term “Dalal Street” ha ...
*
Fort (Mumbai)
{{Financial services in India
Bombay Stock Exchange
Skyscraper office buildings in Mumbai
Office buildings completed in 1980
1980 establishments in Maharashtra