Siddharth Balachandran, Executive Chairman and CEO of Buimerc Corporation Ltd.,
Dubai-based businessman Siddharth Balachandran has mooted plans to establish a ₹500 crore Kerala Investment Fund aimed at fostering sustainable and forward-looking projects in the State.
Siddharth Balachandran, Executive Chairman and CEO of Buimerc Corporation Ltd., shared his vision during a media interaction in Kochi. A man with years of international investment experience, he described the fund as a “dream project”—one that reflects not only his belief in Kerala’s potential but also in India’s broader economic narrative.
“Despite the recent market corrections, I remain bullish on the Indian growth story. “India still offers one of the most compelling investment opportunities globally”, he said.
BSE’s largest individual shareholder, NSE investor
Sidharth Balachandran is no stranger to India’s financial markets. He is currently the single largest individual shareholder of the Bombay Stock Exchange, holding a 3.01% stake. He is also one of the largest individual shareholders of the National Stock Exchange of India, with a holding of 0.38 per cent of the shares.
A follower of the Equilibrium and Reflexivity theory —he believes that investor perceptions influence and shape market realities, rather than merely responding to them. It is a philosophy that drives his long-term investment approach, one that looks far beyond the conventional three- or five-year horizon.
India resilient despite global political uncertainty
He also observed a major transition taking place within Indian equities—one that sees Domestic Institutional Investors (DIIs) gradually overtaking Foreign Institutional Investors (FIIs) in market influence. “We are witnessing a fundamental rebalancing. The Indian market is increasingly being driven by domestic conviction rather than foreign capital.”
In an age of geopolitical uncertainty, especially under the backdrop of US President Donald Trump’s unpredictable policy environment, his confidence in India remains unshaken. “The Trump administration may have introduced global uncertainties, but they have barely impacted Indian markets,” he said.
SEBI’s action on Jane Street boosts market trust
He lauded India’s market regulator, SEBI, for its recent action against the US investment firm Jane Street, alleging market manipulation. Regulatory bodies must be seen acting decisively when violations occur. It is essential for maintaining investor confidence, he said.
Published on July 23, 2025