Madhya Pradesh Stock Exchange (MPSE) is located at Indore, Madhya Pradesh, India. MPSEL was originally set up as an association in 1928, with around 150 broking members. It was granted permanent recognition under the provisions of the Securities Contract (Regulation) Act, 1956 (“SCRA”), by the Government of India in 1988. MPSEL currently has 185 broker members, including some of the leading brokering houses in India. Around 343 companies, including some of the leading corporates of the country are listed on MPSEL.