National Commodity & Derivatives Exchange Limited (NCDEX) is a professionally managed nation-level, technology driven, de-mutualized, online multi commodity exchange promoted by ICICI Bank, Life Insurance Corporation of India, National Bank for Agriculture and Rural Development and National Stock Exchange of India Limited. Punjab National Bank, CRISIL Limited (a Standard & Poor company), Indian Farmers Fertilizer Cooperative Limited, Canara Bank and Goldman Sachs by subscribing to the equity shares have joined the initial promoters as shareholders of the Exchange. It is committed to provide a world-class commodity exchange platform for market participants to trade in a wide spectrum of commodity derivatives driven by best global practices, professionalism and transparency. NCDEX is located in Mumbai and offers facilities to its members in more than 550 centres throughout India. The reach will gradually be expanded to more centres. NCDEX currently facilitates trading of 56 commodities in agriculture, bullion, metals and energy.
Mr. Narendra Gupta, Chief Strategy Officer