About Fusion Techstack Limited
Data last updated:
Fusion Techstack Limited is a public limited company based in Surat, Gujarat, India. It operates in the financial exchanges segment of the financial services sector. It was incorporated on 18 August 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U66190GJ2008PLC099142. Its GSTIN is 24AABCI9479D1ZG (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹368 Cr and a paid-up capital of ₹266.75 Cr. It was formerly known as International Multi Commodity Exchange Limited. It is led by directors including Suresh Babu Konakanchi and Gopala Ramaratnam.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No.1002 21st Century Business Centre, Upper Ground Floor Surat Ring Road, Gujarat, India – 395007.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.16 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹1.1 Cr (net margin 17.9%) and EBITDA of ₹1.74 Cr (EBITDA margin 28.3%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 5% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indian Commodity Exchange. Court records list 2 cases involving the company, including 2 filed against it. The company has 6 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹99.95 Cr; the latest was in February 2018. Its 4 peer companies in the BFSI industry (Stock and Commodity Exchanges), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 2 smaller; the largest is Tradewell Holdings Limited with revenue of ₹9.45 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icexindia.com.
Company details
Name history
Fusion Techstack has undergone 2 name changes throughout its history. The company was previously known as International Multi Commodity Exchange Limited, and Fusion Techstack Limited. The current legal name is Fusion Techstack Limited.
| Company Name | Status |
|---|---|
| Fusion Techstack Limited | Current |
| International Multi Commodity Exchange Limited | Previous |
CIN history
Fusion Techstack has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U66190GJ2008PLC099142, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66190GJ2008PLC099142 | Current |
| U67120DL2008PLC182140 | Previous |
| U67120GJ2008PLC099142 | Previous |
Contact details
Fusion Techstack Limited's registered office is in Surat, Gujarat.
- Social Media
- Registered AddressOffice No.1002 21st Century Business Centre, Upper Ground Floor Surat Ring Road, Gujarat, India – 395007
- IndustryFinancial Services, Financial Exchanges
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Fusion Techstack operates one associated brand: Indian Commodity Exchange. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Commodity exchange | icexindia.com |
Business activity
The main business activity of Fusion Techstack is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Fusion Techstack Limited, buy the company report.
Financials of Fusion Techstack Limited
FY 2024 filings availableFusion Techstack Limited reported revenue of ₹6.16 Cr (down 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 36% fall in the latest year. EBITDA fell 55% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.1 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.3% | ||||
| Net Profit Margin | 17.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Fusion Techstack Limited, buy the company report.
Board of directors and KMP of Fusion Techstack Limited
Fusion Techstack Limited currently reports 3 directors and 1 key managerial person. 49 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tridibnath Swain Also directs: Freedom Registry Limited | Ceo | 10 Jul 2023 | 3 Years 3 Months | Current |
| Suresh Babu Konakanchi Also directs: Stratabiz Advisory Services LLP, Pinnacle Finvest Services LLP, Rosa Power Supply Company Limited and 4 more | Director | 26 Feb 2021 | 5 Years 8 Months | Current |
| Gopala Ramaratnam | Director | 10 Jul 2023 | 3 Years 3 Months | Current |
| Shantanu Anil Walke Also directs: SPSW Services Private Limited, Torus Omene Financial Private Limited, Torus Alternate Investment Fund Private Limited and 5 more | Director | 10 Jul 2023 | 3 Years 3 Months | Current |
Peer comparison
Fusion Techstack Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Stock and Commodity Exchanges), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tradewell Holdings Limited | ₹9.45 Cr (FY 2025) | -71.0% | New Delhi, Delhi, India | |||
| India International Exchange (Ifsc) Limited | ₹7.18 Cr (FY 2025) | 8.0% | Gandhinagar, Gujarat, India | |||
| Fusion Techstack Limitedthis company | ₹6.16 Cr (FY 2025) | ₹1.1 Cr | 17.9% | -36.0% | Surat, Gujarat, India | |
| Otc Exchange of India | ₹5.04 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Yamunanagar Forex Private Limited | ₹4.81 Cr (FY 2025) | -33.0% | Yamuna Nagar, Haryana, India |
To see the full peer comparison of Fusion Techstack Limited, buy the company report.
Deals & funding
Fusion Techstack Limited has 6 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹99.95 Cr; the latest was in February 2018.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: NJ Indiainvest Private Limited Seller: an individual |
| Apr 2016 | Rights issue | ₹135 Cr | Investors: Reliance Exchangenext Limited , Asian Star Company Limited , Saroj Kumar Poddar Family Office |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Sammaan Capital Limited , Idfc First Bank Limited Seller: Infrastructure Development Finance Co Limited, Indiabulls Financial Services Limited |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: MMTC Limited |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: Reliance Exchangenext Limited Seller: Indiabulls Financial Services Limited |
To see the full deal history of Fusion Techstack Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Fusion Techstack Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed against the company by an individual | Disposed |
| District court, Central, Delhi | Criminal case | Filed against the company by an individual | Disposed |
To see the full case history of Fusion Techstack Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fusion Techstack Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fusion Techstack has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCI9479D1ZG | Gujarat | Active | 01 Jul 2017 |
| 27AABCI9479D1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fusion Techstack Limited, buy the company report.
Recent activity
Fusion Techstack Limited has 53 board changes on record since 2009: 4 appointments and 49 cessations. The latest: Gopala Ramaratnam ceased to be Additional Director on 27 Sep 2023.
44 earlier events are in the company report.
News
Frequently asked questions
Fusion Techstack is an active public limited company based in Surat, Gujarat, India. The company works in financial exchanges, within the financial services industry. It was incorporated on 18 August 2008 (18+ years old) and is registered under CIN U66190GJ2008PLC099142.
Fusion Techstack has 4 current directors and KMP:
- Suresh Babu Konakanchi - Director
- Gopala Ramaratnam - Director
- Shantanu Anil Walke - Director
- Tridibnath Swain - Ceo
The latest financial statements of Fusion Techstack on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Fusion Techstack is 24AABCI9479D1ZG, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCI9479D1ZA (Maharashtra).
The CIN (Corporate Identification Number) of Fusion Techstack is U66190GJ2008PLC099142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fusion Techstack has 2 court cases on record: 2 filed against it. Most are in the district courts.
Fusion Techstack was incorporated on 18 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Fusion Techstack has 6 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹99.95 Cr; the latest was in February 2018.
The peers of Fusion Techstack by revenue are Tradewell Holdings Limited, India International Exchange (Ifsc) Limited, Otc Exchange of India, Yamunanagar Forex Private Limited, all in the BFSI industry (Stock and Commodity Exchanges), with the same principal business activity (other financial activities).
Gopala Ramaratnam ceased to be Additional Director on 27 Sep 2023. Shantanu Anil Walke ceased to be Additional Director on 27 Sep 2023. Gopala Ramaratnam was appointed as Director on 10 Jul 2023. Fusion Techstack has 53 board changes on record in total.
Fusion Techstack can be reached through the website icexindia.com. Its registered office is in Surat, Gujarat, India.