National Commodity & Derivatives Exchange Limited
Activity : On line Multi Commodity Exchange
Corporate Office : Mumbai
IFFCO's Shareholding: 10%
National Commodity & Derivatives Exchange Limited (NCDEX) is a public limited company incorporated on April 23, 2003 under the Companies Act, 1956. It commenced its operations on December 15, 2003.In addition to IFFCO, other shareholders are Canara Bank, Punjab National Bank (PNB), Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD), ICICI Bank Limited and National Stock Exchange of India Limited (NSE) and CRISIL Limited (formerly the Credit Rating Information Services of India Limited).
NCDEX is a national level, technology driven de-mutualized on-line multi commodity exchange with an independent Board of Directors and professional management - both not having any vested interest in commodity markets.
NCDEX offers futures contracts in 19 agricultural commodities and options contracts in 5 agricultural commodities. NCDEX has over 164 trading cum clearing members, 213 trading members and 6 Strategic Trading cum Clearing Members.
IFFCO's endeavour had always been to ensure that the farmers receive best quality fertiliser input at economical price. This association facilitates enhancement in the scope of services for farmers wherein the farmers can realise higher prices, minimise risk and strive for reliable market conditions.www.ncdex.com