Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

April 25, 2015 12:04 PM ET

Diversified Financial Services

Company Overview of Indian Commodity Exchange Limited

Company Overview

Indian Commodity Exchange Limited operates as a screen based on-line derivatives exchange for commodities. The company provides a trading platform for precious metals, including gold and silver; energy products, which comprise crude oil; metals, such as aluminum, copper, nickel, and zinc; oils and oilseed complexes, including mustard seed, soybean, soy oil, and palm oil; agro products, which comprise guar seed; spices, such as cumin and turmeric; and pulses, including chickpea or Bengal gram. It also engages in the risk management, market surveillance, clearing and settlement, and trading operations. The company was incorporated in 2008 and is based in Gurgaon, India.

4th Floor

Indiabulls House

448-451, Udyog Vihar

Phase - 5

Gurgaon,  122001


Founded in 2008


91 12 4392 5900


91 12 4392 5950

Key Executives for Indian Commodity Exchange Limited

Chief Executive Officer
Senior Vice President of Operations
Chief Strategy Officer
Chief Technology Officer
Vice President of Legal & Membership and Company Secretary
Compensation as of Fiscal Year 2014.

Indian Commodity Exchange Limited Key Developments

Indian Commodity Exchange To Raise Funds

Indian Commodity Exchange Limited (ICEX) plans to raise INR 1.4 billion to meet its working capital requirement for restarting futures trading in commodities. According to the revival plan, given to the derivatives market regulator, Forward Markets Commission (FMC), ICEX proposes to raise INR 400 million from existing shareholders through a rights-cum-debenture issue, to be floated soon. ICEX has proposed to raise INR 1 billion through incorporation of new shareholders, for which talks are at an advanced stage. A senior Board official of ICEX said, "We have submitted the exchange revival plan to the regulator and are awaiting the response." ICEX is in the process of convening a board meet sometime in December 2014. An official of ICEX said, "We are in talks with existing as well as some new investors for fresh capital infusion. Once the revival plan is approved, you will see a change in equity structure."

Indian Commodity Exchange Reportedly Considering The Proposal Of Merging With Universal Commodity Exchange

Indian Commodity Exchange Limited (ICEX) is considering the proposal to be acquired by Universal Commodity Exchange Limited (UCX). ICEX will be sold by Reliance Capital Limited (BSE:500111), MMTC Ltd. (BSE:513377) and Indiabulls Financial Services Ltd., reported The Economic Times citing two people aware of the development. The people said, "The proposal was discussed and minuted at an ICEX board meeting held a month ago. A decision can be taken once the valuation and due diligence is completed." The people added that UCX would first ascribe a value to ICEX. Ketan Sheth, Managing Director of Commex Technology Limited (BSE:532342), is likely to offer cash, but will also be open to a share swap, added the people.However, they also added that the valuation details would have to be worked out after which ICEX would do due diligence on its part. Reliance Capital spokesperson declined to comment. Ketan Sheth, DS Dhesi, Chief Managing Director of MMTC, and Ajit Mittal, Nominee Director of Board of ICEX, were not available for comment. The sources said a takeover of loss-making ICEX made sense for newlylaunched UCX, which wants to increase its member strength from around 100 at present.

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Indian Commodity Exchange Limited, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at