About Fusion Techstack Limited
Data last updated: 30 December 2025
Fusion Techstack Limited is a public limited company based in Choryasi, Gujarat, India. It specialises in financial exchanges, a part of the broader financial services sector. Incorporated on 18 August 2008, the company has been in operation for over 18 years.
Registered with ROC Ahmedabad under CIN U67120DL2008PLC182140.
Capital: an authorised share capital of ₹368 Cr and a paid-up capital of ₹266.75 Cr. Formerly known as International Multi Commodity Exchange Limited and Fusion Techstack Limited. It is led by directors including Tridibnath Swain and Suresh Babu Konakanchi.
Last AGM: 27 September 2024. Financial statements filed for year ended 31 March 2024. Office: Choryasi, Gujarat.
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.
The company has a workforce of approximately 5 employees as per the latest available data.
The company is associated with 1 brand - Indian Commodity Exchange.
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.
-
Email**************
-
Telephone**************
-
Website**************
-
Social Media
-
Registered AddressOffice No.1002 21St Century Business Centre, Upper Ground Floor Surat Ring Road, Choryasi, Gujarat, India – 395007
-
IndustryFinancial Services, Financial Exchanges
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Fusion Techstack Limited
Fusion Techstack Limited 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, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Fusion Techstack Limited | Current |
| International Multi Commodity Exchange Limited | Previous |
CIN History of Fusion Techstack Limited
Fusion Techstack Limited 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 |
Associated Brands with Fusion Techstack Limited
Fusion Techstack Limited operates one associated brand: Indian Commodity Exchange. These brands represent Fusion Techstack Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Commodity exchange | icexindia.com |
Competitors & Alternatives of Fusion Techstack Limited
Brands and companies operating in the same space as Fusion Techstack Limited include Tradeswift, Sky Broking, Shree Live.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Tradeswift
|
Online trading in stocks, forex, commodities, and indices is enabled. | Jaipur, India, India | 2003 |
Sky Broking
|
App-based platform for trading | Coimbatore, India, India | 2012 |
Shree Live
|
Operates an online brokerage platform for commodities trading. | Ahmedabad, India, India | 2008 |
Business Activity of Fusion Techstack Limited
Fusion Techstack Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | ********* |
Board of Directors of Fusion Techstack Limited
Fusion Techstack Limited is currently managed by 4 directors, with 49 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Tridibnath Swain
Also directs:
Freedom Registry Limited
|
Ceo | 10 Jul 2023 | 2 Years 11 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 4 Months | Current |
| Gopala Ramaratnam | Director | 10 Jul 2023 | 2 Years 11 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 | 2 Years 11 Months | Current |
Financials of Fusion Techstack Limited FY 2024 filings available
Fusion Techstack Limited reported revenue of ₹6.16 Cr (down 36% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue from Operations | ***** | ***** | ***** | ***** | ***** |
| Revenue Growth % | ***** | ***** | ***** | ***** | ***** |
| Other Income | ***** | ***** | ***** | ***** | ***** |
| Total Revenue | ***** | ***** | ***** | ***** | ***** |
| Expenses | |||||
| Total Expenses | ***** | ***** | ***** | ***** | ***** |
| Raw Material Cost | ***** | ***** | ***** | ***** | ***** |
| Change in Inventory FG | ***** | ***** | ***** | ***** | ***** |
| Change in Inventory WIP | ***** | ***** | ***** | ***** | ***** |
| Purchase of Traded Goods | ***** | ***** | ***** | ***** | ***** |
| Employee Cost | ***** | ***** | ***** | ***** | ***** |
| Managerial Remuneration | ***** | ***** | ***** | ***** | ***** |
| Audit Fees | ***** | ***** | ***** | ***** | ***** |
| Insurance | ***** | ***** | ***** | ***** | ***** |
| Power & Fuel | ***** | ***** | ***** | ***** | ***** |
| Interest | ***** | ***** | ***** | ***** | ***** |
| Depreciation | ***** | ***** | ***** | ***** | ***** |
| Other Expenses | ***** | ***** | ***** | ***** | ***** |
| Profitability | |||||
| EBITDA (Operating Profit) | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| Exceptional Items | ***** | ***** | ***** | ***** | ***** |
| Extraordinary Items | ***** | ***** | ***** | ***** | ***** |
| Profit Before Exceptional & Extraordinary Items | ***** | ***** | ***** | ***** | ***** |
| Profit Before Tax | ***** | ***** | ***** | ***** | ***** |
| Tax & Net Profit | |||||
| Tax Expense | ***** | ***** | ***** | ***** | ***** |
| Current Tax | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax | ***** | ***** | ***** | ***** | ***** |
| Profit from Discontinued Operations | ***** | ***** | ***** | ***** | ***** |
| Tax on Discontinued Operations | ***** | ***** | ***** | ***** | ***** |
| Profit | ***** | ***** | ***** | ***** | ***** |
| Net Margin % | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Shareholders' Funds | |||||
| Total Shareholders' Funds | ***** | ***** | ***** | ***** | ***** |
| Equity Capital | ***** | ***** | ***** | ***** | ***** |
| Reserves & Surplus | ***** | ***** | ***** | ***** | ***** |
| Money Against Warrants | ***** | ***** | ***** | ***** | ***** |
| Other Equity | ***** | ***** | ***** | ***** | ***** |
| Non-Current Liabilities | |||||
| Total Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Liabilities | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Provisions | ***** | ***** | ***** | ***** | ***** |
| Current Liabilities | |||||
| Total Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Short-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Trade Payables | ***** | ***** | ***** | ***** | ***** |
| Other Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Short-Term Provisions | ***** | ***** | ***** | ***** | ***** |
| Total Equity & Liabilities | ***** | ***** | ***** | ***** | ***** |
| Non-Current Assets | |||||
| Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
| Tangible Assets | ***** | ***** | ***** | ***** | ***** |
| Intangible Assets | ***** | ***** | ***** | ***** | ***** |
| Capital WIP | ***** | ***** | ***** | ***** | ***** |
| Intangibles Under Dev | ***** | ***** | ***** | ***** | ***** |
| Investments | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Assets | ***** | ***** | ***** | ***** | ***** |
| LT Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
| Current Assets | |||||
| Current Assets | ***** | ***** | ***** | ***** | ***** |
| Current Investments | ***** | ***** | ***** | ***** | ***** |
| Inventories | ***** | ***** | ***** | ***** | ***** |
| Trade Receivables | ***** | ***** | ***** | ***** | ***** |
| Cash & Bank Balance | ***** | ***** | ***** | ***** | ***** |
| ST Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Current Assets | ***** | ***** | ***** | ***** | ***** |
| Total Assets | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Cash from Operating Activities (CFO) | |||||
| Profit Before Tax | ***** | ***** | ***** | ***** | ***** |
| Non-Cash Adjustments | ***** | ***** | ***** | ***** | ***** |
| + Interest Expense | ***** | ***** | ***** | ***** | ***** |
| + Depreciation | ***** | ***** | ***** | ***** | ***** |
| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
| - Dividend Income | ***** | ***** | ***** | ***** | ***** |
| - Interest Income | ***** | ***** | ***** | ***** | ***** |
| +/- Other Non-Cash Items | ***** | ***** | ***** | ***** | ***** |
| Changes in Working Capital | ***** | ***** | ***** | ***** | ***** |
| +/- Inventory | ***** | ***** | ***** | ***** | ***** |
| +/- Debtors | ***** | ***** | ***** | ***** | ***** |
| +/- Creditors | ***** | ***** | ***** | ***** | ***** |
| Reconciliation Adjustments | ***** | ***** | ***** | ***** | ***** |
| Cash Generated from Operations | ***** | ***** | ***** | ***** | ***** |
| Income Taxes Paid | ***** | ***** | ***** | ***** | ***** |
| Net CFO (Cash from Operations) | ***** | ***** | ***** | ***** | ***** |
| Cash from Investing Activities (CFI) | |||||
| Acquisitions & Disposals | ***** | ***** | ***** | ***** | ***** |
| Disposal of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
| Acquisition of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
| Capex | ***** | ***** | ***** | ***** | ***** |
| Purchase of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Sale of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Other Investing Cash Flows | ***** | ***** | ***** | ***** | ***** |
| Net CFI (Cash from Investing) | ***** | ***** | ***** | ***** | ***** |
| Cash from Financing Activities (CFF) | |||||
| Equity Issuance | ***** | ***** | ***** | ***** | ***** |
| Debt Raised | ***** | ***** | ***** | ***** | ***** |
| Debt Repaid | ***** | ***** | ***** | ***** | ***** |
| Dividends Paid | ***** | ***** | ***** | ***** | ***** |
| Interest Paid | ***** | ***** | ***** | ***** | ***** |
| Net CFF (Cash from Financing) | ***** | ***** | ***** | ***** | ***** |
| Net Cash Position | |||||
| Net Change in Cash (Pre-Forex) | ***** | ***** | ***** | ***** | ***** |
| Closing Cash & Equivalents | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Liquidity | |||||
| Current Ratio | ***** | ***** | ***** | ***** | ***** |
| Quick Ratio | ***** | ***** | ***** | ***** | ***** |
| Cash Ratio | ***** | ***** | ***** | ***** | ***** |
| Efficiency | |||||
| Inventory Days | ***** | ***** | ***** | ***** | ***** |
| Debtor Days | ***** | ***** | ***** | ***** | ***** |
| Creditor Days | ***** | ***** | ***** | ***** | ***** |
| Cash Conversion Cycle | ***** | ***** | ***** | ***** | ***** |
| Asset Turnover | ***** | ***** | ***** | ***** | ***** |
| Profitability | |||||
| Net Profit Margin % | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| ROE % | ***** | ***** | ***** | ***** | ***** |
| ROCE % | ***** | ***** | ***** | ***** | ***** |
| Net Worth Margin % | ***** | ***** | ***** | ***** | ***** |
| Growth | |||||
| Revenue Growth % | ***** | ***** | ***** | ***** | ***** |
| Leverage | |||||
| Equity Multiplier | ***** | ***** | ***** | ***** | ***** |
| Debt / EBITDA | ***** | ***** | ***** | ***** | ***** |
| Solvency | |||||
| D/E Ratio | ***** | ***** | ***** | ***** | ***** |
| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Charges & Borrowings Fusion Techstack Limited
Fusion Techstack Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Fusion Techstack Limited
View historical data on people associated with Fusion Techstack Limited, including employment history and EPFO contributions.
Employee Count & EPFO Data of Fusion Techstack Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Fusion Techstack Limited
GSTIN & GST Filing Data of Fusion Techstack Limited
Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.
Credit Ratings, Litigation & Regulatory Alerts for Fusion Techstack Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Fusion Techstack Limited
Access complete credit rating history, litigation records, regulatory alerts, and compliance data.
MSME Payment Delays by Fusion Techstack Limited
MSME Payment Delays by Fusion Techstack Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Fusion Techstack Limited
Subsidiaries & Group Companies of Fusion Techstack Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Fusion Techstack Limited with ownership details.
MCA Filings & Documents of Fusion Techstack Limited
MCA Filings & Documents of Fusion Techstack Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Fusion Techstack Limited
Recent News on Fusion Techstack Limited
Frequently Asked Questions about Fusion Techstack Limited
Fusion Techstack Limited is an active public limited company in the financial services sector based in Choryasi, Gujarat, India. It was incorporated on 18 August 2008 (18+ years old) and is registered under CIN U66190GJ2008PLC099142. The company has 5 employees.
Fusion Techstack Limited reported revenue of ₹6.16 Cr for FY 2025 (down 36.00% YoY).
The current directors of Fusion Techstack Limited are:
The primary industry of Fusion Techstack Limited is financial services. The company specifically operates in financial exchanges. The company is currently active in this sector.
Fusion Techstack Limited can be reached at the registered office: Office No.1002 21St Century Business Centre, Upper Ground Floor Surat Ring Road, Choryasi, Gujarat, India – 395007, or through the website icexindia.com.
The authorised capital is ₹368 Cr, and the paid-up capital is ₹266.75 Cr.