Premchand Roychand
19th-Century Indian Businessman, Stockbroker, and Co-Founder of the Bombay Stock Exchange
Data Confidence: 72% · Sources: 1 · Last Updated: Sep 21, 2026
- 💰 Net Worth ▲
- Undisclosed — estimated significant wealth
- 🌐 Reach ▲
- 10.0M people
- 🔌 Power ▲
- He co-founded The Native Share & Stock Brokers Association (now the Bombay Stock Exchange) in 1875 and served as a director of the Bank of Bombay, the largest bank in the Bombay Presidency.
- 👁️ Influence ▲
- He drove the 1860s cotton and bullion boom in western India triggered by the American Civil War, generating massive capital flows and shaping early Indian stock market trading.
- 🤝 Network ▲
- He maintained central commercial links with Bombay's leading financial figures, university leadership, and the Bank of Bombay leadership as one of the city's premier English-literate stockbrokers.
- 🏛️ Legacy ▲
- He left a lasting institutional legacy by co-founding the Bombay Stock Exchange, building the iconic Rajabai Clock Tower, and establishing the prestigious Premchand Roychand Scholarship at the University of Calcutta in 1866.
- 🔮 Trajectory ▲
- Rising ↑ — first assessment on record.
About
Premchand Roychand (1832–1906) was an influential Indian merchant and stockbroker based in Bombay. Recorded as the first Indian broker fluent in English, he was a key co-founder of The Native Share & Stock Brokers Association, which evolved into the Bombay Stock Exchange. He accumulated immense wealth in the cotton and bullion markets during the American Civil War cotton boom and served as a director of the Bank of Bombay before donating heavily to educational and architectural projects across India.
Known For
Co-founding the Bombay Stock Exchange and donating ₹200,000 in 1878 to build the Rajabai Clock Tower at the University of Bombay.
Connections
Ownership & Financial
Leadership & Employment
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- Wikipediacorroborated
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