Invest in India’s
growth-ready MSMEs.
Discover verified businesses, participate in eligible private placements, and follow the growth journey of India’s MSMEs — with every claim on both sides checked, sourced and dated.
A technology platform, not a stock exchange. No trading, no order book, no price. We never hold your money or your shares.
Opportunities are visible only after you sign in and complete verification.
Where the money goes
What is MSME Exchange?
Structured capital and ownership transactions for India's MSMEs.
For MSMEs
Raise growth capital
Build a structured, verified investment profile and raise from identified investors under Section 42 — this round, and the rounds after it.
For investors
Back verified businesses
Review company information that carries its source and date, and commit to offers made to you as an identified person.
For the ecosystem
Capital relationships that persist
Ownership, disclosures and capital history stay on one auditable record — from first raise toward a possible public-market journey.
From business to capital market
One lifecycle, from first profile to public-market pathway.
- 01
Build
The company creates its structured MSME profile — identity, financials, capital structure.
- 02
Verify
Business and financial information is checked, and every check records its source and date.
- 03
Raise
Eligible companies run a private placement round to identified investors under §42.
- 04
Grow
Capital lands in the company’s own bank account and goes to work.
- 05
Raise again
Capital is a lifecycle, not an event. Later rounds build on the verified record of earlier ones.
- 06Regulatory-gated
Liquidity
Eligible securities may in future support regulated transfer between eligible investors, where law and permissions allow.
- 07Regulatory-gated
Public market
Eligible companies can prepare for BSE SME or NSE Emerge — the recognised venues where shares are traded.
* Subject to applicable laws, the characteristics of each security, investor eligibility and the regulatory permissions or structures required. These stages are part of the product direction; neither operates today, and no outcome is promised.
Repeat fundraising
Capital doesn't happen only once.
Growing businesses raise repeatedly as they expand. The platform is built around that lifecycle: every round adds to a verified capital history that the next round — and the next investor — can stand on.
A growing manufacturer’s capital journey
Illustrative exampleYear 1
Seed round
₹1 crore
First outside capital, raised on a verified profile.
Year 3
Growth I
₹3 crore
Returning investors already hold the diligence record.
Year 5
Growth II
₹5 crore
The capital history itself is now part of the company’s case.
A fictional example showing how the platform models repeat fundraising. It is not a real company, an actual offer, or platform performance data. Each round is a separate §42 private placement with its own 200-investor limit per financial year, its own documentation and its own audit trail — and no round is visible here until you have signed in and been identified for it.
How it works
Five steps, in order, with nothing skipped.
- 01
Discover
Sign in to see opportunities. Nothing is shown to the public — that is what §42 requires.
- 02
Verify
Identity, bank and demat checked before you can commit, not after.
- 03
Evaluate
Company data with the source and date of every check attached.
- 04
Commit
The company makes a formal offer in Form PAS-4. Its board allots the shares.
- 05
Track
Follow what you committed and what has been allotted, against your demat account.
Your investment journey
Seven stages, from discovery to eventual liquidity.
- 1
Discover
Sign in and complete verification. Opportunities are shown only to identified persons — that is the law, not a policy.
- 2
Research
Company information that carries the source and date of every check, with documents and disclosures.
- 3
Invest
Commit to an offer made to you in Form PAS-4. Subject to eligibility, the risk acknowledgement and the §42 limits.
- 4
Hold
Shares are allotted by the company to a demat account in your name. We hold nothing.
- 5
Track
Your portfolio as a record: what you committed, what was allotted, at cost — unlisted shares have no market price.
- 6
Updates & disclosures
Company disclosures stay versioned and dated on the same record you invested from.
- 7
Transfer / liquidity
A transfer the company approves happens through the depository; a real market exists only once a company reaches a recognised exchange.
* Subject to applicable law, investor eligibility, the characteristics of each security and any regulatory permissions required. No resale venue is operated here and no liquidity is promised.
Trust & verification
Trust is built from evidence, not a badge.
Identity, checked
PAN and an identity document are checked before you can commit, by a person, against the documents you provide.
Business, checked
CIN, GST and filing history are checked against the company’s own filings rather than taken on trust from a form.
Source and date
Every verification records where it came from and when. A stale answer is shown as stale.
Reconstructable
Who acted, on what information, under which rule, with what result — kept as an append-only record.
We never hold money
Funds go from investor to the company’s own bank account. This platform is not in that path.
No advice, ever
Data is disclosed. Nothing here is rated, ranked or recommended.
Inside the application
One product, from this page to your dashboard.
For investors
Your portfolio, as a record
Amount committed
₹12,50,000
Across 3 placements · shown at cost — unlisted shares have no market price
Risk acknowledgement · v2026-08 · signed
For investors →For MSMEs
Your company, investment-ready
Verification
9 of 11 checks
each with source + date
Readiness
81 / 100
disclosure analytics, not a rating
Capital history
2 rounds
both fully documented
Disclosures
Up to date
versioned, dated
Visible only to identified investors, per §42
For MSMEs →The road ahead
Building toward investor liquidity — lawfully, in order.
Ownership here is a permanent, auditable record. As the platform and the law allow, eligible securities may support regulated transfer between eligible investors — and companies that outgrow private capital can prepare for BSE SME or NSE Emerge, where a real market exists.
Today, no secondary market is operated here and no liquidity is promised. Each capability below switches on only with the legal structure it requires — that gating is built into the platform, not written around it.
Regulatory status, per capability
- Discovery (signed-in)Enabled
- Primary fundraising (§42)Enabled
- Company-approved transfer recordsEnabled
- Investor-to-investor transferRegulatory-gated · off
- Secondary tradingRegulatory-gated · off
Gated capabilities require the applicable legal structure, regulatory permissions or regulated partners before they can be switched on, for any security.
Questions, answered plainly
Frequently asked questions
A technology platform where growing Indian private companies raise capital from identified investors through private placements under Section 42 of the Companies Act 2013, on a record where every claim carries its source and the date it was checked.
No. MSME Exchange is not a stock exchange, not a broker and not an investment adviser. There is no order book, no price and no venue where investors deal with each other. It is not registered with or approved by SEBI or any other regulator.
Build a verified investment profile — identity, financials, capital structure, disclosures — and run a lawful private placement to identified investors. A company can return for later rounds on the same verified record, and can use the readiness track to prepare for a BSE SME or NSE Emerge listing.
After signing in, verifying your identity and acknowledging the risks: review verified company information, commit to an offer made to you as an identified person, and track what you committed and what was allotted. Nothing is visible before you sign in — the law requires that, not us.
Yes — the platform is designed around a capital lifecycle, not a single event. Each round is a separate private placement with its own 200-investor limit per financial year, its own documents and its own audit trail.
Not on this platform, and no resale venue is operated or promised. Unlisted shares are illiquid: you may be unable to sell for years, or at all. A transfer the company approves under its own articles happens through the depository, not through us — and a real market for these shares cannot exist anywhere except a recognised stock exchange, the destination our readiness track prepares companies for.
Not us, ever. Subscription money moves from your bank account to the company’s own bank account. This platform is not in the payment path and holds neither funds nor securities.
No. Investments here are not covered by the investor-protection mechanisms of a recognised stock exchange — no exchange grievance machinery, no SMART ODR, no investor-protection fund. Read the Risk Disclosure before committing anything.
No. FairFund is a separate product for working-capital finance. MSME Exchange deals only with equity and capital raising, and the two share no application or data.
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