MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0004652
National Commodity and Derivatives Exchange Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹153.37 Cr
▲ 26% YoY
Net loss · FY 2026
₹46.24 Cr
Net margin -30.1%
EBITDA · FY 2026
-₹38.44 Cr
EBITDA margin -25.1%
Authorised capital
₹90 Cr
Registered with MCA
Paid-up capital
₹89.69 Cr
Issued & subscribed
Satisfied charges
₹24 Cr
No open charges
Company age
23 yrs
Est. 2003
Employees · EPFO
215
Provident fund records
About National Commodity and Derivatives Exchange Limited
Data last updated:
National Commodity and Derivatives Exchange Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 23 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2003PLC140116. Its GSTIN is 27AABCN7696K1ZR (Maharashtra). The company holds 11 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹89.69 Cr. It is led by directors including Arun Raste (Managing Director) and Ratnakar Patnaik.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Akruti Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹153.37 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹46.24 Cr (net margin -30.1%) and EBITDA of -₹38.44 Cr (EBITDA margin -25.1%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 1% over five years.
The company has about 215 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 2 brands: NeML and National Commodity & Derivatives Exchange. As per MCA filings, the company has satisfied charges of ₹24 Cr on record. Court records list 59 cases involving the company, including 23 filed by the company and 36 filed against it; 10 cases are pending.
National Commodity and Derivatives Exchange Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0004652). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ncdex.com.
Company details
CIN U51909MH2003PLC140116
Registration Number 140116
Incorporation Date 23 April 2003
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0004652
Recognitions & Rankings of National Commodity and Derivatives Exchange
Contact details
National Commodity and Derivatives Exchange Limited's registered office is in Mumbai, Maharashtra. Its website is ncdex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address1st Floor Akruti Corporate Park Near G. E. Garden L.B.S. Road Kanjurma, Rg (West), Mumbai, Maharashtra, India – 400078
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of National Commodity and Derivatives Exchange Limited, buy the company report.
Comprehensive company report
National Commodity and Derivatives Exchange Limited - one report that includes everything
- 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
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Brands
National Commodity and Derivatives Exchange operates two associated brands: NeML and National Commodity & Derivatives Exchange. Each brand links to its own profile.
Business activity
The main business activity of National Commodity and Derivatives Exchange 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 National Commodity and Derivatives Exchange Limited, buy the company report.
Financials of National Commodity and Derivatives Exchange Limited
FY 2025 filings availableNational Commodity and Derivatives Exchange Limited reported revenue of ₹153.37 Cr (up 26% YoY) for FY 2026.
Revenue · FY 2026
₹153.37 Cr ▲ 26%
Net loss · FY 2026
₹46.24 Cr margin -30.1%
EBITDA · FY 2026
-₹38.44 Cr margin -25.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 4%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 113%
3 years · compounded
▲ 1%
5 years · compounded
▼ 110%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 26% growth in the latest year. EBITDA fell 113% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | -₹38.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹46.24 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||||
| EBITDA Margin | -25.1% | ||||
| Net Profit Margin | -30.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of National Commodity and Derivatives Exchange Limited, buy the company report.
Board of directors and KMP of National Commodity and Derivatives Exchange Limited
National Commodity and Derivatives Exchange Limited currently reports 9 directors and 1 key managerial person. 62 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratnakar Patnaik | Director | 24 Nov 2025 | 0 Years 11 Months | Current |
| Sanjeev Rohilla | Director | 04 Jan 2024 | 2 Years 9 Months | Current |
| Arun Raste Also directs: National E-Repository Limited | Managing Director | 07 Jun 2021 | 5 Years 4 Months | Current |
| Mukulita Vijayawargiya Also directs: Icmai Registered Valuers Organisation | Director | 09 Feb 2024 | 2 Years 8 Months | Current |
| Ashish Bahuguna | Director | 15 Jun 2020 | 6 Years 4 Months | Current |
| Amalorpavanathan Rangasamy Also directs: Finblend Development Consultants Private Limited | Director | 03 Jan 2022 | 4 Years 9 Months | Current |
Showing 6 of 10 current directors and KMP. View all directors and KMP
Auditor
National Commodity and Derivatives Exchange Limited is audited by Khandelwal Jain & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khandelwal Jain & Co. | FY 2023 | 105049W |
Shareholding
The shareholding of National Commodity and Derivatives Exchange Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of National Commodity and Derivatives Exchange Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹24 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 May 2008 | 10106678 | The Karur Vysya Bank Limited | ₹24 Cr | Satisfied |
To see the full charge records of National Commodity and Derivatives Exchange Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
National Commodity and Derivatives Exchange Limited has 59 court cases on record: 23 filed by National Commodity and Derivatives Exchange, 36 filed against it. 10 cases are pending and 49 are disposed.
Total cases
59
Filed by the company
23
Filed against the company
36
Pending
10
Disposed
49
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 44 | 34 | 10 |
| District courts | 14 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMMP) | Filed against the company by Metahelix Life Sciences Limited | Pending |
| High Court, RAJASTHAN | Writ petition | Filed against the company by Ganpati Multi Commodity Business India Pvt Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (S) | Filed against the company by Betul Oil Ltd. and 2 others | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against M/S Bhavishya Advisory and Comtrade India Private Limited and 4 others | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by Indian Exchange of Metal Ltd. | Pending |
To see the full case history of National Commodity and Derivatives Exchange 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
National Commodity and Derivatives Exchange Limited has 3 MSME Form 1 returns on record between 2019 and 2021, listing 10 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Optimistic Technology Solutions Private Limited | |||
| Pentagon System and Services Private Limited | |||
| Microscan Computers Private Limited | |||
| Ab Cartridge Private Limited | |||
| K.S.Aiyar & Co. |
To see the full MSME payment records of National Commodity and Derivatives Exchange Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
National Commodity and Derivatives Exchange has 4 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
4
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Ncdex Institute of Commodity Markets and Research | U74900MH2007NPL174229 | |
| National Commodity Clearing Limited | U74992MH2006PLC163550 | |
| Ncdex E Markets Limited | U93090MH2006PLC165172 | |
| National E-Repository Limited | U93090MH2017PLC291035 |
To see the full group structure of National Commodity and Derivatives Exchange Limited, buy the company report.
Employees & EPFO
National Commodity and Derivatives Exchange Limited has a workforce of 215 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
215
Active EPFO establishments
1
Employee growth
0.47%
GST
National Commodity and Derivatives Exchange has 11 GST registrations: 9 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
9
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCN7696K1ZR | Maharashtra | Active | 01 Jul 2017 |
| 27AABCN7696K2ZQ | Maharashtra | Active | 07 Mar 2025 |
| 07AABCN7696K1ZT | Delhi | Active | 01 Jul 2017 |
| 08AABCN7696K1ZR | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of National Commodity and Derivatives Exchange Limited, buy the company report.
Recent activity
National Commodity and Derivatives Exchange Limited has 69 board changes on record since 2007: 10 appointments and 59 cessations. The latest: Ratnakar Patnaik was appointed as Director on 24 Nov 2025.
Appointed
Ratnakar Patnaik was appointed as Director.
AGM
National Commodity And Derivatives Exchange Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Ceased
Doraiswamy Ramachandran ceased to be Director.
Filing
National Commodity And Derivatives Exchange Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Hoshi Dhunjisha Bhagwagar ceased to be Company Secretary.
Ceased
Prem Kumar Malhotra ceased to be Director.
Appointed
Soma Sankara Prasad was appointed as Director.
Appointed
Mukulita Vijayawargiya was appointed as Director.
Ceased
Purvi Amitbhai Mehta Bhatt ceased to be Director.
Ceased
Venugopal Nayar Bhaskaran ceased to be Director.
Appointed
Sanjeev Rohilla was appointed as Director.
Ceased
Venkat Nageswar Chalasani ceased to be Director.
62 earlier events are in the company report.
News
Frequently asked questions
National Commodity and Derivatives Exchange is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 23 April 2003 (23+ years old) and is registered under CIN U51909MH2003PLC140116.
National Commodity and Derivatives Exchange has 10 current directors and KMP:
- Arun Raste - Managing Director
- Ratnakar Patnaik - Director
- Sanjeev Rohilla - Director
- Mukulita Vijayawargiya - Director
- Ashish Bahuguna - Director
- Amalorpavanathan Rangasamy - Director
- Hemant Ratnakar Adarkar - Director
- Soma Sankara Prasad - Director
- Prem Kumar Malhotra - Director
- Atul Roongta - Cfo
The latest financial statements of National Commodity and Derivatives Exchange on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of National Commodity and Derivatives Exchange is 27AABCN7696K1ZR, registered in Maharashtra. The company has 11 GST registrations in all, of which 9 are active and 2 are cancelled or inactive. Other active GSTINs include 27AABCN7696K2ZQ (Maharashtra), 07AABCN7696K1ZT (Delhi), 08AABCN7696K1ZR (Rajasthan).
The CIN (Corporate Identification Number) of National Commodity and Derivatives Exchange is U51909MH2003PLC140116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
National Commodity and Derivatives Exchange has 59 court cases on record: 23 filed by the company and 36 filed against it. 10 are pending. Most are in the high courts.
National Commodity and Derivatives Exchange was incorporated on 23 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Ratnakar Patnaik was appointed as Director on 24 Nov 2025. Doraiswamy Ramachandran ceased to be Director on 15 Jul 2025. Hoshi Dhunjisha Bhagwagar ceased to be Company Secretary on 30 Nov 2024. National Commodity and Derivatives Exchange has 69 board changes on record in total.
Yes, National Commodity and Derivatives Exchange is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0004652).
National Commodity and Derivatives Exchange has 3 MSME Form 1 returns on record between 2019 and 2021, listing 10 overdue payments to 7 micro and small suppliers. The latest return was filed on 13 May 2021.
National Commodity and Derivatives Exchange can be reached through the website ncdex.com. Its registered office is in Mumbai, Maharashtra, India.