July 28, 2016 2:08 AM ET

Diversified Financial Services

Company Overview of NCDEX Spot Exchange Limited

Company Overview

NCDEX Spot Exchange Limited operates as an online commodity spot exchange in India. The company offers an electronic trading platform for farmers, traders, and processors to trade in agricultural and non-agricultural commodities. Its agricultural products trading include sugar. The company was founded in 2006 and is based in Mumbai, India. NCDEX Spot Exchange Limited operates as a subsidiary of National Commodity And Derivatives Exchange Limited.

Akruti Corporate Park

1st Floor

L.B.S. Marg

Kanjurmarg (West)

Mumbai,  400 079

India

Founded in 2006

Phone:

91 22 6640 6789

Fax:

91 22 6640 6899

Key Executives for NCDEX Spot Exchange Limited

Head of Spot Exchange
Compensation as of Fiscal Year 2016.

NCDEX Spot Exchange Limited Key Developments

Corporation Bank Signs Agreement with NeML, LTC Commercial Company, Navjyoti Commodity Management Services, and Kalyx Warehousing

Corporation Bank has signed an agreement with NCDEX e-Markets (NeML) and three warehouse service providers (WSPs) including LTC Commercial Company, Navjyoti Commodity Management Services, and Kalyx Warehousing for pledge finance through electronic mode. The empanelled WSPs act as collateral manager responsible for the commodity's safety, stock management, insurance, deposit and delivery. NeML acts as the facilitator, bringing depositors, the WSP and the bank under one roof. This facility will enable farmers and traders to use their goods or produce stored in the warehouses of approved warehouse service providers through e-pledge. E-pledge is a process by which any registered member, after depositing commodities in an NeML-accredited warehouse, can apply online to the bank to get finance against the electronic holding.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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