String Metaverse appoints ex-BSE chairman Ravi to lead its board
The micro-cap names a former stock-exchange head as chairman after two board exits. Dr. Ravi's appointment signals a governance upgrade for the ₹1,046 crore company.
— 2 earlier stories on String Metaverse Ltd. →What's new
- String Metaverse has appointed Dr. Sethurathnam Ravi, the former BSE chairman, as its new Chairman and Director.
- The appointment follows the resignation of Chairman Ghanshyam Das on May 29 and independent director Arvind Jadhav.
- The board was reconstituted at the June 2 meeting, including changes to board committees.
Why this matters
For a micro-cap with a ₹1,046 crore market cap, landing a former BSE chairman is a governance signal that far outweighs the company's size. It suggests the new leadership is serious about institutional credibility after a board shake-up that removed both the chairman and an independent director.
What we're watching
- Whether the new board composition translates into tangible strategic or governance changes.
- The impact on the company's market positioning and investor perception.
- The next steps for the reconstituted board committees.
The full read
String Metaverse has installed a former BSE chairman at the top of its board. Dr. Sethurathnam Ravi, who ran the Bombay Stock Exchange and sat on the boards of ONGC, HAL, and LIC Housing Finance, replaces Ghanshyam Das, who resigned on May 29. Independent director Arvind Jadhav also left. The board met on June 2, reconstituted its committees, and confirmed Ravi as Chairman and Director. For a company with a ₹1,046 crore market cap, this is a board upgrade of a different order. Ravi's 37 years of experience across banking, home finance, and public-sector enterprises gives String Metaverse a governance profile it did not have a month ago. The strategic implications remain to be seen, but the message to the market is clear: the new board is playing at a different level.
Questions answered
- Who is the new chairman of String Metaverse?
- Dr. Sethurathnam Ravi, the former Chairman of the Bombay Stock Exchange. He has over 37 years of experience on boards of institutions like ONGC, HAL, and LIC Housing Finance.
- Why did the previous chairman leave?
- Ghanshyam Das resigned as Chairman and Director on May 29, citing personal reasons. His departure, along with that of independent director Arvind Jadhav, led to the board's reconstitution.
- What is the significance of this appointment for a small company?
- String Metaverse has a market cap of only ₹1,046 crore. Appointing a nationally prominent figure like Dr. Ravi is a qualitative upgrade aimed at boosting corporate governance and institutional credibility.
- What other changes were made at the board meeting?
- Besides the new chairman, independent director Arvind Jadhav also resigned. The board's committees were reconstituted at the June 2 meeting, though the filing did not detail the new committee structures.
Story so far
All notes on META →- 2 Jun 2026 · 5:46 PM IST String Metaverse appoints ex-BSE chairman Ravi to lead its board
- 9d ago String Metaverse's profit nearly triples to ₹102.5 cr on gaming and HFT surge
- 9d ago String Metaverse revenue doubles to ₹1,069 cr as gaming and HFT scale