NCDEX Overview

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National Commodity & Derivatives Exchange Limited (NCDEX) (NCDEX/the Exchange) is a leading agricultural commodity exchange in India, with a market share of 78.0%, 81.5%, 79.9% and 78.1% in the agricultural commodity segments, based on average daily turnover (by value) for the six month period ended September 30, 2019, Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively. The Exchange has maintained its leadership position since 2005, in the agricultural commodity derivatives market, in terms of ADTV. Further, the Exchange is a professionally managed company, which is driven by technology.

Current ShareholdersLife 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), Shree Renuka Sugars Limited, Jaypee Capital Services Limited, Build India Capital Advisors LLP, Oman India Joint Investment Fund, Investcorp Private Equity Fund I (formerly known as IDFC Private Equity Fund III), Star Agriwarehousing and Collateral Management Limited and shareholding by individuals.

The Exchange has a broad based bouquet of permitted commodities aggregating to a total of 23 (which is also the highest), and includes commodities such as pulses, spices and guar, which are not traded on any platforms in the global scenario, and are economically relevant to India, forming an important component of India’s global trade.

The Exchange was incorporated as a public limited company on April 23, 2003, pursuant to a certificate of incorporation and commenced its business pursuant to a certificate for commencement of business dated May 9, 2003, each granted by the Registrar of Companies, Maharashtra at Mumbai. The Exchange was registered with the Forward Markets Commission as a recognised association under The Forward Contracts (Regulation) Act, 1952, pursuant to a certificate of registration dated August 23, 2004. With effect from September 28, 2015, the Exchange became a deemed recognized stock exchange under the Securities Contracts (Regulation) Act, 1956 in terms of Section 131(B) of Finance Act, 2015 pursuant to notification no. 1/9/SM/2015 dated August 28, 2015. The Exchange has been allotted Code Number 35 for trading and settlement operations by SEBI pursuant to a letter (CDMRD-DEA/05/13/1/15) dated October 21, 2015.

NCDEX is regulated by Securities and Exchange Board of India (SEBI). NCDEX is subjected to various laws of the land like the Securities Contracts (Regulation) Act, 1956, Companies Act, Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 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.

As of September 30, 2019, NCDEX offered future contracts for 21 agricultural commodities and options contracts for five agricultural commodities, on the Exchange platform

Share Capital Details

Authorized CapIssued, Subscribed and Paid-up Capital
Rs. 70,00,00,000/-, comprising: 7,00,00,000 equity shares of Rs. 10/- each, aggregating Rs. 70,00,00,000/-50,676,000 equity shares of Rs. 10/- each, aggregating Rs. 50,67,60,000/-