Sebi’s 70-acre training campus near Mumbai biggest by a regulator globally

Market regulator Sebi is setting up a plush campus on a 70-acre piece of land near Mumbai, capable of housing over 5,000 people, to train students and financial intermediaries in market mechanics, laws and rules.The campus, coming up at Patalganga in Raigad district, about 80km from Mumbai, is being developed by the National Institute for Securities Markets (NISM), Sebi’s academic and training arm.

The Rs 325-crore project will train people across the market spectrum, from freshers up to the level of company directors. Once completed in December, it will be the largest such education and training campus by any regulator globally. The institute will not only aid trained manpower needs of the capital market in India, but also several other countries in Saarc and Asean regions.                                                                        

“No securities market regulator in the world has a campus of such scale“, said Sandip Ghose, director, NISM. “It is also unique in its concept and approach, and also bigger than any B-school.

The courses on offer will be in-depth, research-oriented, aimed at augmenting the capacity for the financial market,” Ghose said.

Designed by Hiten Sethi, a well-known architect who also designed the Navi Mumbai Municipal Corporation headquarter, a gold rated LEED India signature structure, the NISM facility will be a certified green campus. It has already obtained pre-certification from GRIHA, with support from the Union ministry of new and renewable energy, for 4-star rating.

NISM is currently housed in Vashi, Navi Mumbai and offers full-time specialization courses in securities markets and quantitative finance, and part-time courses in securities law, treasury management, financial engineering, risk management, etc.

NISM also serves as a national training centre for the staff of Pension Fund Regulatory and Development Authority, Forward Markets Commission, National Housing Bank and also for the RBI in the field of capital markets. It also certifies around 1.5 lakh market professionals annually through 19 certification examinations.