About National Spot Exchange Limited
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National Spot Exchange Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the financial exchanges segment of the financial services sector. It was incorporated on 18 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51100MH2005PLC153384. Its GSTIN is 27AACCN1196R1ZT (Maharashtra). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹460 Cr and a paid-up capital of ₹396.98 Cr. It is led by directors including Neeraj Sharma (Managing Director) and Vijay Ramakrishnan.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.42 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹31.55 Cr (net margin -334.9%) and EBITDA of -₹31.52 Cr (EBITDA margin -334.6%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years and 22% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: National Spot Exchange. As per MCA filings, the company has satisfied charges of ₹540 Cr on record. Court records list 1,319 cases involving the company, including 523 filed by the company and 797 filed against it; 328 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nationalspotexchange.com.
Company details
CIN history
National Spot Exchange has one previous CIN (Corporate Identification Number): U51100MH2005PTC153384. The current CIN is U51100MH2005PLC153384, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100MH2005PLC153384 | Current |
| U51100MH2005PTC153384 | Previous |
Contact details
National Spot Exchange Limited's registered office is in Mumbai, Maharashtra. Its website is nationalspotexchange.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressMalkani Chambers Condominium 1st Floor Off. Nehru Road Near Hotel Orchid Ville, Parle (E), Mumbai, Maharashtra, India – 400099
- IndustryFinancial Services, Financial Exchanges
To see the full contact details of National Spot Exchange Limited, buy the company report.
- 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
National Spot Exchange operates one associated brand: National Spot Exchange. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a commodity exchange for trading services. | nationalspotexchange.com |
Financials of National Spot Exchange Limited
FY 2025 filings availableNational Spot Exchange Limited reported revenue of ₹9.42 Cr (up 775% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 775% growth in the latest year. EBITDA rose 25% 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 |
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| EBITDA | -₹31.52 Cr | ||||
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| Net Profit (PAT) | -₹31.55 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -334.6% | ||||
| Net Profit Margin | -334.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of National Spot Exchange Limited, buy the company report.
Board of directors of National Spot Exchange Limited
National Spot Exchange has 6 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Ramakrishnan | Director | 25 Jan 2022 | 4 Years 9 Months | Current |
| Ashok Kumar Nag Also directs: Fynx Capital Limited | Director | 01 Mar 2014 | 12 Years 7 Months | Current |
| Neeraj Sharma | Managing Director | 01 Aug 2020 | 6 Years 2 Months | Current |
| Ujjwala Hemant Deshpande | Director | 27 Jul 2021 | 5 Years 3 Months | Current |
| Subramanya Kusnur | Director | 12 Dec 2013 | 12 Years 10 Months | Current |
| Bipin Mohanlal Dhanesha | Director | 20 Jul 2021 | 5 Years 3 Months | Current |
Peer comparison
National Spot Exchange Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Stock and Commodity Exchanges), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Synergy Dealcom Private Limited | ₹28.01 Cr (FY 2025) | 3.0% | Bhubaneswar, Odisha, India | |||
| Vse Stock Services Limited | ₹26.51 Cr (FY 2025) | 28.0% | Vadodara, Gujarat, India | |||
| Adinath Mercantile Private Limited | ₹22.72 Cr (FY 2025) | 19575.0% | Indore, Madhya Pradesh, India | |||
| Power Bulls Stock Broker Private Limited | ₹16.99 Cr (FY 2025) | 257.0% | Ludhiana, Punjab, India | |||
| Tradewell Holdings Limited | ₹9.45 Cr (FY 2025) | -71.0% | New Delhi, Delhi, India | |||
| National Spot Exchange Limitedthis company | ₹9.42 Cr (FY 2025) | -₹31.55 Cr | -334.9% | 775.0% | 22 | Mumbai, Maharashtra, India |
| Parivar Forex Private Limited | ₹7.44 Cr (FY 2025) | -54.0% | Mumbai, Maharashtra, India | |||
| India International Exchange (Ifsc) Limited | ₹7.18 Cr (FY 2025) | 8.0% | Gandhinagar, Gujarat, India | |||
| Fusion Techstack Limited | ₹6.16 Cr (FY 2025) | -36.0% | Surat, Gujarat, India | |||
| Otc Exchange of India | ₹5.04 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Swaap Networks Private Limited | ₹5 Cr (FY 2018) | 1004.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of National Spot Exchange Limited, buy the company report.
Auditor
National Spot Exchange Limited is audited by GOHEL & ASSOCIATES LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOHEL & ASSOCIATES LLP | FY 2022 | W100162 |
Shareholding
The shareholding of National Spot Exchange Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of National Spot Exchange Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Apr 2013 | 10431932 | Icici Bank Limited | ₹5 Cr | Satisfied | |
| 15 Mar 2013 | 10415711 | Icici Bank Limited | ₹50 Cr | Satisfied | |
| 01 Mar 2013 | 10418774 | Hdfc Bank Limited | ₹15 Cr | Satisfied | |
| 13 Dec 2012 | 10430531 | Hdfc Bank Limited | ₹225 Cr | Satisfied | |
| 25 Jul 2012 | 10368973 | Indusind Bank Ltd. | ₹10 Cr | Satisfied |
To see the full charge records of National Spot Exchange Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
National Spot Exchange Limited has 1,319 court cases on record: 523 filed by National Spot Exchange, 797 filed against it. 328 cases are pending and 991 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 658 | 427 | 203 |
| District courts | 540 | 274 | 86 |
| Supreme Court | 77 | 56 | 25 |
| NCLAT | 42 | 39 | 14 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 1,319)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1508MISC-Criminal Law : Negotiable Instruments Act, 1881(SLPs arising out of quashing applications, orders framing charge,summoning orders, interim orders in criminal matters withdrawal of prosecution, orders for further investigation/re-investigation, etc.)) | Filed against the company by Lotus Refineries Pvt. Ltd. and 1 other | Disposed |
| Supreme Court | Court case (1508MISC-Criminal Law : Negotiable Instruments Act, 1881(SLPs arising out of quashing applications, orders framing charge,summoning orders, interim orders in criminal matters withdrawal of prosecution, orders for further investigation/re-investigation, etc.)) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (0902-Civil Law : Execution of decrees, matters arising out of Order XXI, of the Code of Civil Procedure, 1908) | Filed against the company by an individual | Pending |
| Supreme Court | Court case (0905-Civil Law : Any matter arising out of Civil suit/proceedings, which is not covered in any of the above categories) | Filed by the company against Union of India and 2 others | Disposed |
| Supreme Court | Court case | Filed against the company by Juggernaut Projects Limited | Pending |
To see the full case history of National Spot 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
No delayed payments to MSME suppliers are on our record for National Spot Exchange Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
National Spot Exchange Limited has a workforce of 22 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
National Spot Exchange has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN1196R1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of National Spot Exchange Limited, buy the company report.
Recent activity
National Spot Exchange Limited has 46 board changes on record since 2005: 26 appointments and 20 cessations. The latest: Girish Ganpat Gangir ceased to be CFO on 24 Oct 2025.
54 earlier events are in the company report.
News
Frequently asked questions
National Spot Exchange is an active public limited company based in Mumbai, Maharashtra, India. The company works in financial exchanges, within the financial services industry. It was incorporated on 18 May 2005 (21+ years old) and is registered under CIN U51100MH2005PLC153384.
National Spot Exchange has 6 current directors:
- Neeraj Sharma - Managing Director
- Vijay Ramakrishnan - Director
- Ashok Kumar Nag - Director
- Ujjwala Hemant Deshpande - Director
- Subramanya Kusnur - Director
- Bipin Mohanlal Dhanesha - Director
The latest financial statements of National Spot Exchange on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of National Spot Exchange is 27AACCN1196R1ZT, registered in Maharashtra. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of National Spot Exchange is U51100MH2005PLC153384. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
National Spot Exchange has 1,319 court cases on record: 523 filed by the company and 797 filed against it. 328 are pending. Most are in the high courts.
National Spot Exchange was incorporated on 18 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of National Spot Exchange by revenue are Synergy Dealcom Private Limited, Vse Stock Services Limited, Adinath Mercantile Private Limited, Power Bulls Stock Broker Private Limited, Tradewell Holdings Limited and 5 more, all in the BFSI industry (Stock and Commodity Exchanges).
Girish Ganpat Gangir ceased to be CFO on 24 Oct 2025. Vijay Ramakrishnan was appointed as Director on 25 Jan 2022. Ujjwala Hemant Deshpande was appointed as Director on 27 Jul 2021. National Spot Exchange has 46 board changes on record in total.
National Spot Exchange can be reached through the website nationalspotexchange.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of National Spot Exchange is at Malkani Chambers Condominium 1st Floor Off. Nehru Road Near Hotel Orchid Ville, Parle E, Mumbai, Maharashtra, India – 400099.