National Commodity and Derivatives Exchange Limited (NCDEL) operates a de-metalized online multi commodity exchange in India. Its commodity exchange platform enables market participants to trade in a spectrum of commodities, including agricultural products, such as cereals and pulses, fibers, guar complex, plantation products, oil and oilseeds, soft sugar and guar, spices, and others; and non-agricultural products, such as metals, precious metals, and energy products. The company also provides collateral management, logistics and supply chain management, and clearing and settlement services. NCDEL headquarters are located in Mumbai and offer facilities to its members from the centers located throughout India.

Business Overview

The National Commodity & Derivatives Exchange Limited (NCDEX) is India's leading online commodity exchange. It's a platform for trading in commodity derivatives, like futures contracts, to manage price risks for agricultural products. Established in 2003, it's a government company under the ownership of the Ministry of Finance, Government of India.

• It facilitates futures trading for agricultural commodities like pulses, oilseeds, and spices
• It helps farmers with price discovery and reduces the information asymmetry previously controlled by middlemen
• The Exchange continues to be a market leader in agri derivatives trading with the market share going up from 86% in 2021-22 to 97% in FY 2022-23

Management

• Indian Administrative Service in July 1978 and retired in February 2015.
• Joint Secretary, Additional Secretary, Special Secretary and Secretary in the Ministry of Agriculture in the Government of India.
• Chairman, Food Safety and Standards Authority of India till July 2018.

• M.A. in Economics with Post-Graduate Diplomas in Marketing, Communications & Journalism
• National Dairy Development Board (NDDB) as an Executive Director
• Director on the Board of Indian Immunological Limited(Hyderabad), Mother Dairy Fruit & Vegetable Private Limited (Delhi) and IRMA, Anand

Product & Segment wise performance

Revenue Split from Subsidiaries

• Power Exchange India Limited (PXIL), IS an associate company where NCDEX holds 34.21% equity shareholding. PXIL is India's leading power exchange, facilitating electricity trading through a similar electronic platform model.
• Rashtriya e Market Services Private Limited (ReMS), a 50:50 joint venture between the State Government of Karnataka and NCDEX e Markets Limited (NeML)
• NeML is a subsidiary of NCDEX. It focuses on providing technology solutions and infrastructure support for the exchange's operations. NeML might also be involved in developing new products and services for NCDEX.

Investment Of NCDEX In Other Companies

COMPANY NAME	RELATION	HOLDING %	NO.OF SHARES	RATE	NCDEX VALUE OF SHARES (IN CRORES)
NCDEX e Markets Limited (NeML)	Subsidiary	92	3,23,99,400	96.8	314
National E-Repository Limited (NERL)	Subsidiary	67	41312124
National Commodity Clearing Limited (NCCL)	Subsidiary	100	125850000
NCDEX Institute of Commodity Markets and Research (NICR)	Subsidiary	100	2075000
Power Exchange India Ltd (PEIL)	Associate	24	14137543	108.76	154
			TOTAL		468

Financials Quarterly Analysis

FIG IN Cr