National Commodity & Derivatives Exchange Limited (NCDEX) is a professionally managed on-line multi commodity exchange. The shareholders of NCDEX comprises of large national level institutions, large public sector bank and companies.
Current Shareholders: Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Limited (NSE), Canara Bank, Punjab National Bank (PNB), CRISIL Limited, Indian Farmers Fertiliser Cooperative Limited (IFFCO),Intercontinental Exchange (ICE), Shree Renuka Sugars Limited, Jaypee Capital Services Limited, Build India Capital Advisors LLP, Oman India Joint Investment Fund, IDFC Private Equity Fund III, Star Agri warehousing and Collateral Management Limited and negligible shareholding by individuals.
NCDEX offers a bouquet of benefits, which are currently in short supply in the commodity markets. The shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills.
NCDEX is a public limited company incorporated on April 23, 2003 under the Companies Act, 1956. It obtained its Certificate for Commencement of Business on May 9, 2003. It commenced its operations on December 15, 2003. Corporate Identity No. is U51909MH2003PLC140116.
NCDEX is a nation-level, technology driven de-mutualised on-line commodity exchange with an independent Board of Directors and professional management – both not having any vested interest in commodity markets. It is committed to provide a world-class commodity exchange platform for market participants to trade in a wide spectrum of commodity derivatives driven by best global practices, professionalism and transparency.
NCDEX is regulated by Securities and Exchange Board of India. NCDEX is subjected to various laws of the land like the Securities Contracts (Regulation) Act, 1956, Companies Act, Stamp Act, Contract Act and various other legislations.
NCDEX headquarters are located in Mumbai and offers facilities to its members from the centres located throughout India.