National Commodity & Derivatives Exchange Limited (NCDEX) is an Indian online commodity and derivative exchange based in

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

. It has an independent board of directors and provides a commodity exchange platform for market participants to trade in commodity derivatives. It is an online technology-driven trading exchange. It is a private limited company, its original shareholders were National Stock Exchange of India (NSE), National Bank for Agriculture and Rural Development (NABARD), CRISIL (now known as S&P India), Life Insurance Corporation (LIC) ICICI Bank. Current shareholders include IFFCO, Jaypee Capital Services, Punjab National Bank,Canara Bank, Build India Capital Advisors, Shree Renuka sugars and Star Agri warehousing. NCDEX was incorporated on 23 April 2003 under the Companies Act, 1956 and obtained its Certificate for Commencement of Business on 9 May 2003. It commenced operations on 15 December 2003. As of 31 July 2013, NCDEX has 848 registered members, a client base of about 20 Lakhs, and offers trading on more than 49,000 terminals across 1,000 centers in India. It facilitates deliveries of commodities through a network of over 594 accredited warehouses through eight warehouse service providers, with holding capacity of around 1.5 million tonnes and average deliveries of 1 lakh MT at every contract expiry. NCDEX has offices in

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, but spread chiefly to the west, or beyond its Bank (geography ...

Ahmedabad Ahmedabad ( ), also spelled Amdavad (), is the most populous city in the Indian state of Gujarat. It is the administrative headquarters of the Ahmedabad district and the seat of the Gujarat High Court. Ahmedabad's population of 5,570,585 ...

Indore Indore (; ISO 15919, ISO: , ) is the largest and most populous Cities in India, city in the Indian state of Madhya Pradesh. The commercial capital of the state, it has been declared as the List of cleanest cities in India, cleanest city of In ...

Hyderabad Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...

Jaipur Jaipur (; , ) is the List of state and union territory capitals in India, capital and the List of cities and towns in Rajasthan, largest city of the north-western States and union territories of India, Indian state of Rajasthan. , the city had ...

, and

Kolkata Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary ...

Shareholder consortium

* Jaypee Capital Services Limited"NSE Appoints JM fin to Shed Excess NCDEX Pie"
'' Economic Times''

References

{{Commodity Exchanges in India https://economictimes.indiatimes.com/markets/stocks/news/arun-raste-named-new-md-ceo-of-ncdex/articleshow/82242405.cms Financial services companies established in 2003 Commodity exchanges in India Companies based in Mumbai Futures exchanges 2003 establishments in Maharashtra Indian companies established in 2003

Shareholder consortium

See also

References