[2] Prior to 1928, the Bombay Stock Exchange (BSE) operated out of a building near the Town Hall.

The present site near Horniman Circle was acquired by the exchange in 1928, and a building was constructed and occupied in 1930.

Construction of the current towers began in the late 1970s, with the building completed and occupied by the BSE in 1980.

Soon after occupation, following the death of Sir Phiroze Jamshedji Jeejeebhoy, chairman of the BSE since 1966, the building was renamed in his memory.

The first of the 13 bomb blasts occurred at 13:25 hours on 12 March 1993 in the basement garage of the building.