About NSE Ifsc Limited
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NSE Ifsc Limited is a public limited company based in Gift, Gujarat, India, a subsidiary of National Stock Exchange Of India Ltd.. It operates in the financial exchanges segment of the financial services sector. It was incorporated on 29 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65100GJ2016PLC094517. Its GSTIN is 24AAFCN4161P1Z5 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹750 Cr. It is led by directors including Balasubramaniam Venkataramani (Managing Director) and Venkata Subrahmanyam Lanka.
Its last annual general meeting (AGM) was held on 16 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gift, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹136.45 Cr, a growth of 73% compared to the previous year. For the same year it recorded a net profit of ₹8.56 Cr (net margin 6.3%) and EBITDA of ₹47.19 Cr (EBITDA margin 34.6%). Revenue has grown at a compounded annual rate (CAGR) of 381% over three years and 151% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: NSE IFSC Clearing Corporation and NSEIX. The company has 6 deals on record (4 rights issues, 2 acquisitions); the latest was in December 2023. Its 10 peer companies in the BFSI industry (Stock and Commodity Exchanges) are compared by revenue, 5 larger and 5 smaller; the largest is National Stock Exchange of India Ltd. with revenue of ₹16,434 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 nseix.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressUnit – 1201 Brigade International Financial Centre 12th Floor Block – 14 Road 1C Zone – 1 G, Ift SEZ, Gift, Gujarat, India – 382050
- 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
- One PDF report, delivered after checkout
Associated Brands with NSE Ifsc Limited
NSE Ifsc operates two associated brands: NSE IFSC Clearing Corporation and NSEIX. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Clearing and settlement services for financial markets in India. | nseifscclearing.com | |
| Potato farming and grain marketing services are provided in Maine. | nseix.com |
Business Activity of NSE Ifsc Limited
The main business activity of NSE Ifsc is financial and insurance service. In detail, this covers 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 | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of NSE Ifsc Limited FY 2025 filings available
NSE Ifsc Limited reported revenue of ₹136.45 Cr (up 73% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of NSE Ifsc Limited
Revenue has grown at a compounded annual rate (CAGR) of 151% over five years, including 73% growth in the latest year. EBITDA rose 757% 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 of NSE Ifsc Limited
| 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 | ₹47.19 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.56 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of NSE Ifsc Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 34.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of NSE Ifsc are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors and KMP of NSE Ifsc Limited
NSE Ifsc Limited currently reports 9 directors and 2 key managerial personnel. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkata Subrahmanyam Lanka | Director | 20 May 2022 | 4 Years 5 Months | Current |
| Balasubramaniam Venkataramani Also directs: Nseix Global Access Ifsc Limited | Managing Director | 12 Dec 2022 | 3 Years 10 Months | Current |
| Krishnan Sriram Also directs: NSE Indices Limited, Cogencis Information Services Limited, National Securities Depository Limited and 4 more | Director | 22 Mar 2023 | 3 Years 6 Months | Current |
| Gautam Singhania Also directs: NSE Ifsc Clearing Corporation Limited | Cfo | 13 Feb 2025 | 1 Years 8 Months | Current |
| Neeraj Kumar Gupta Also directs: Hexapay Solutions LLP, Roto Pumps Limited, Indusind Nippon Life Insurance Company Limited and 3 more | Director | 19 Apr 2025 | 1 Years 6 Months | Current |
| Suresh Balachandran Menon Also directs: Srit India Limited | Director | 30 Apr 2025 | 1 Years 5 Months | Current |
Peer Comparison of NSE Ifsc Limited
NSE Ifsc Limited is compared with the companies closest to it by revenue in the BFSI industry (Stock and Commodity Exchanges). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| National Stock Exchange of India Ltd. | ₹16,434 Cr (FY 2024) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| BSE Limited Listed | ₹3,236.31 Cr (FY 2025) | •••• | •••• | 103.0% | •••• | Mumbai, Maharashtra, India |
| Multi Commodity Exchange of India Limited Listed | ₹1,208.86 Cr (FY 2025) | •••• | •••• | 59.0% | •••• | Mumbai, Maharashtra, India |
| Nuvama Clearing Services Limited | ₹1,011.49 Cr (FY 2025) | •••• | •••• | 83.0% | •••• | Mumbai, Maharashtra, India |
| Anand Rathi Share and Stock Brokers Limited | ₹847.01 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Mumbai, Maharashtra, India |
| NSE Ifsc Limited this company | ₹136.45 Cr (FY 2025) | •••• | •••• | 73.0% | •••• | Gift, Gujarat, India |
| Oyster Fincap Private Limited | ₹131.45 Cr (FY 2025) | •••• | •••• | -52.0% | •••• | Mumbai, Maharashtra, India |
| Hem Finlease Pvt Ltd | ₹83.14 Cr (FY 2024) | •••• | •••• | 63.0% | •••• | Jaipur, Rajasthan, India |
| Guramar Forex Services Private Limited | ₹55.83 Cr (FY 2024) | •••• | •••• | 64.0% | •••• | Tarn Taran, Punjab, India |
| India International Bullion Holding Ifsc Limited | ₹53.88 Cr (FY 2025) | •••• | •••• | 135.0% | •••• | Gandhinagar, Gujarat, India |
| Ncdex E Markets Limited | ₹53.61 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below NSE Ifsc by revenue in the BFSI industry (Stock and Commodity Exchanges), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of NSE Ifsc Limited
NSE Ifsc Limited is audited by KHANDELWAL JAIN & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KHANDELWAL JAIN & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of NSE Ifsc Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of NSE Ifsc Limited
NSE Ifsc Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of NSE Ifsc Limited
NSE Ifsc Limited has 6 deals on record (4 rights issues, 2 acquisitions); the latest was in December 2023.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Acquisition | ₹450 Cr | Buyer: National Stock Exchange of India Ltd. |
| Sep 2021 | Rights issue | ₹135 Cr | Investors: National Stock Exchange of India Ltd. |
| Aug 2020 | Rights issue | ₹40 Cr | Investors: National Stock Exchange of India Ltd. |
| Sep 2019 | Rights issue | ₹35 Cr | Investors: National Stock Exchange of India Ltd. |
| Jun 2018 | Rights issue | ₹40 Cr | Investors: National Stock Exchange of India Ltd. |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at NSE Ifsc Limited
NSE Ifsc Limited has a workforce of 44 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on NSE Ifsc Limited
NSE Ifsc Limited has 35 board changes on record since 2016: 23 appointments and 12 cessations. The latest: Suresh Balachandran Menon was appointed as Director on 30 Apr 2025.
26 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for NSE Ifsc Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by NSE Ifsc Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of NSE Ifsc Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of NSE Ifsc Limited
NSE Ifsc has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCN4161P1Z5 | Gujarat | Active | 01 Jul 2017 |
| 33AAFCN4161P1Z6 | Tamil Nadu | Active | 08 Jun 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of NSE Ifsc Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about NSE Ifsc Limited
NSE Ifsc is an active public limited company based in Gift, Gujarat, India. The company works in financial exchanges, within the financial services industry. It was incorporated on 29 November 2016 (10+ years old) and is registered under CIN U65100GJ2016PLC094517.
NSE Ifsc reported revenue of ₹136.45 Cr for FY 2025 (up 73% YoY).
NSE Ifsc has 11 current directors and KMP:
- Balasubramaniam Venkataramani - Managing Director
- Venkata Subrahmanyam Lanka - Director
- Krishnan Sriram - Director
- Neeraj Kumar Gupta - Director
- Suresh Balachandran Menon - Director
- Piyush Sudhir Chourasia - Director
- Ian Gerard Desouza - Director
- Sobhesh Kumar Agarwalla - Director
- Kameswari Venkata Ramana Chebrolu - Director
- Gautam Singhania - Cfo
- Pankaj Kumar Sushil Kumar Mundhra - Company Secretary
NSE Ifsc reported a net profit of ₹8.56 Cr (net margin 6.3%) and EBITDA of ₹47.19 Cr (EBITDA margin 34.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of NSE Ifsc is 381% over three years and 151% over five years. In the latest year (FY 2025) revenue rose 73%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of NSE Ifsc is 24AAFCN4161P1Z5, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAFCN4161P1Z6 (Tamil Nadu).
The CIN (Corporate Identification Number) of NSE Ifsc is U65100GJ2016PLC094517. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NSE Ifsc was incorporated on 29 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
NSE Ifsc has 6 deals on record (4 rights issues, 2 acquisitions); the latest was in December 2023.
The peers of NSE Ifsc by revenue are National Stock Exchange of India Ltd, BSE Limited, Multi Commodity Exchange of India Limited, Nuvama Clearing Services Limited, Anand Rathi Share and Stock Brokers Limited and 5 more, all in the BFSI industry (Stock and Commodity Exchanges).
Suresh Balachandran Menon was appointed as Director on 30 Apr 2025. Neeraj Kumar Gupta was appointed as Director on 19 Apr 2025. Gautam Singhania was appointed as CFO on 13 Feb 2025. NSE Ifsc has 35 board changes on record in total.