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July 29, 2015 1:42 AM ET

Diversified Financial Services

Company Overview of National Commodity & Derivatives Exchange Ltd.

Company Overview

National Commodity & Derivatives Exchange Ltd. operates a de-metalized on-line 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 oil seeds, soft sugar and gur, 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. National Commodity & Derivatives Exchange Ltd. was incorporated in 2003 and is headquartered in Mumbai, India.

Akruti Corporate Park, 1st Floor

Near G.E. Garden

L.B.S. Marg

Kanjurmarg West

Mumbai,  400 078

India

Founded in 2003

Phone:

91 22 6640 6789

Fax:

91 22 6640 6899

Key Executives for National Commodity & Derivatives Exchange Ltd.

Chief Executive Officer, Managing Director, Additional Director, Member of Members’ Default Committee, Member of Disciplinary Action Committee, Member of Ethics Committee, Member of Risk Management Committee, Member of Technology Standing Committee, Member of Corporate Social Responsibilty Committee, Member of Business Strategy Committee and Member of Settlement Guarantee Fund Committee
Chief Financial Officer and Executive Vice President of Finance
Chief - Operations & Compliance
Chief of Corporate Services and Company Secretary
Chief Business Officer
Compensation as of Fiscal Year 2015.

National Commodity & Derivatives Exchange Ltd. Key Developments

Larsen & Toubro Reportedly Mulls To Acquire Stake In NCDEX

Larsen & Toubro Infotech Limited is seeking to acquire stake in National Commodity And Derivatives Exchange Limited (NCDEX), two sources familiar with the development said. "L&T Infotech is examining documents relating to the performance of NCDEX. The exchange is valued at around INR 10 billion based on recent exits and under the current norms, L&T Infotech can pick up a maximum of 10% stake. A stake buy would boost the crucial BFSI ( banking, financial services and insurance) vertical of L&T Infotech, but these are early stages and it may or may not fructify in a deal", said one of the two sources mentioned above. In NCDEX, the maximum investor stake of 12.5% is held by Shree Renuka Sugars Limited (BSE:532670). Other shareholders include Canara Bank Limited (BSE:532483), CRISIL Limited (BSE:500092), IntercontinentalExchange Group, Inc. (NYSE:ICE), Punjab National Bank (BSE:532461), Life Insurance Corporation of India, Indian Farmers Fertiliser Cooperative Limited, National Bank for Agriculture and Rural Development and Goldman Sachs Investments Holdings (Asia) Limited." If talks reach an advanced stage, one could potentially see stake dilution or multiple exits by the shareholders," said a person close to the transaction. an L&T spokesperson said, "As a large business organization, portfolio review is a continuous process at L&T. We always examine new business opportunities and facilities. However, we comment on such developments only after a decision is arrived at, and do so in compliance with the regulations governing dissemination of such information." When contacted, an NCDEX spokesperson said, "The exchange does not have any information in this regard," Economic Times reported.

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