About Us
Heritage, Leadership & Vision of Bombay Metal Exchange Ltd.
Our Heritage
A Legacy of Over 90 Years
The roots of BME stretch back to 1933. In that pivotal year, the organization was born with just 8 members under the leadership of Sheikh Gulamally Shamshuddin Tambawala.
The 1955 amalgamation of the Metal Exchange Association and the Metal Traders’ Association created the Bombay Metal Exchange Limited, envisioned as an embodiment of unity and growth.
Today, BME stands as the apex body of non-ferrous metals trade with 800 + active members, setting benchmark prices and advocating for industry interests at national levels.
Our Numbers Speak
Voice of the Industry
Strong representation at Central and State Government levels.
FAM
Federation of All-India Metal Merchants
MINISTRY OF COMMERCE
FICCI
Federation of Indian Chambers of Commerce and Industry
MINISTRY OF COMMERCE & INDUSTRY
ASSOCHAM
Associated Chambers of Commerce and Industry of India
CONFEDERATION OF INDUSTRY
IMC
Indian Metals & Minerals Association
MINISTRY OF MINESPresident's Message
Shri Sushil R. Kothari
President, BME Ltd.
Leading BME Towards Excellence
“As we navigate unprecedented global change, our role has never been more vital to the nation’s economic growth.”
It is a profound honor to serve as the President of the Bombay Metal Exchange Ltd., an institution that has stood as a pillar for over 90 years in the non-ferrous metals industry.
Since our humble beginnings in 1933, BME has evolved into a national powerhouse representing over 800+ active members across India, setting benchmark prices and advocating for industry interests.
Our Strategic Vision for 2026:
- National Integration across all four regional zones
- Digital Transformation for real-time market services
- Policy Advocacy on tariffs, GST, and trade matters
Chairman Emeritus Message
Shri Rikab V. Mehta
Chairman Emeritus, BME Ltd.
Visionary Builder of BME
“BME's strength lies in its unity and commitment to the collective prosperity of all stakeholders.”
As Chairman Emeritus, it is with great satisfaction that I reflect on BME's remarkable journey and the exceptional leadership that has guided our organization through various economic cycles.
The consolidation of regional exchanges in 1955 into one unified body was a visionary move that created the strongest voice for the non-ferrous metals industry in India. Today, that vision continues to bear fruit.
Focus Areas for Continued Growth
- Strengthening commodity trading infrastructure
- Enhancing member support and capacity building
- Maintaining industry benchmark standards
Our Leadership Team
Our board members uphold the ideals of BME's forebearers, ensuring we remain at the
forefront of innovation while honoring over 90 years of tradition and excellence in the non
ferrous metals industry.
Office Bearers
Bombay Metal Exchange is a trusted platform that connects professionals and traders in the metal industry, promoting growth, transparency, and strong industry collaboration.
