MCX - About the company
MCX is a public company based in Mumbai (India), founded in 2002 by Jignesh Shah. It operates as a Commodity Exchange. MCX has raised $55M in funding. The company has 88 active competitors, including 8 funded and 14 that have exited. Its top competitors include companies like Indian Energy Exchange, Xpansiv and NCDEX.
Company Details
- Website
- www.mcxindia.com/
- Social
- Email ID
- *****@mcxindia.com
- Phone Number
- +91 **********
- Registered Address
- EXCHANGE SQUARE,CHAKALA, SUREN ROAD, ANDHERI (EAST), Mumbai City, MUMBAI, Maharashtra, India, 400093
Key Metrics
Founded Year
2002
Location
Mumbai, India
Stage
Public
Total Funding
$55M in 2 rounds
Latest Funding Round
Investors
Ranked
5th among 88 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2026
Employee Count
380 as on Aug 31, 2025
Similar Companies
Exit Details
Public
Legal entities associated with MCX
MCX is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MULTI COMMODITY EXCHANGE OF INDIA LIMITED CIN: L51909MH2002PLC135594 , India, Active | Apr 19, 2002 | ₹1,000+ Cr (As on Mar 31, 2026) | 380 (As on Aug 31, 2025) |
MCX's IPO details
MCX got listed on Mar 09, 2012.
Click here to take a look at MCX's IPO in detail
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MCX's funding and investors
MCX has raised a total funding of $55M over 2 rounds. Its first funding round was on Feb 16, 2008. MCX has 4 institutional investors.
Here is the list of recent funding rounds of MCX:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 2014 | 9139463 | Post IPO | 8890626 | 2287658 | 6036797 | 8612404 |
Feb 16, 2008 | 7443668 | Series B | 7136989 | 4952461 | 1188749 | 3133444 |
Access funding benchmarks and valuations. Sign up today!View details of MCX's funding rounds and investors
MCX's founders and board of directors
Founder? Claim ProfileThe founders of MCX is Jignesh Shah. Praveena Rai is the CEO of MCX.
Here are the details of MCX's key team members:
- Jignesh Shah: Founder of MCX. Contact Info: 1 email address
- P S Reddy: CEO of MCX. Contact Info: 1 email address
MCX's Board of Directors
MCX's board has 11 active members. Praveena Rai is part of team and Sonu Halan Bhasin, Santosh Kumar Mohanty, Arvind Kathpalia, Chandra Shekhar Verma, Harsh Kumar Bhanwala, Mohan Narayan Shenoi, Ashutosh Moreshwar Vaidya, Manoj Kumar Jain, Sanjay Rajpal and Navrang Saini are independent board members.Here is the list of MCX's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
prrqda{ | Team | - | Current | 6y 8m |
Independent board member | - | Current | 3y 11m | |
banukal | Independent board member | - | Current | 6y 9m |
tysvrbk | Independent board member | - | Current | 7y 4m |
wenucta | Independent board member | - | Current | 2y 5m |
towlrxp | Independent board member | - | Current | 7y 9m |
zyanpgz | Independent board member | - | Current | 5y 8m |
rsag{se | Independent board member | - | Current | 4y 1m |
ypjipsr | Independent board member | - | Current | 8y 3m |
fhuksno | Independent board member | - | Current | 5y 1m |
clrclcg | Independent board member | - | Current | 1y 3m |
View details of MCX's Founder profiles and Board Members
MCX's employee count trend
MCX has 380 employees as of Aug 25. The total employee count is 4.0% more than what it was in Aug 24. Here is MCX's employee count trend over the years:
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MCX's Competitors and alternates
Top competitors of MCX include Indian Energy Exchange, Xpansiv and NCDEX. Here is the list of Top 10 competitors of MCX, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Indian Energy Exchange 2008, Noida (India), Public | Provider of power trading services | $30M | 75/100 | |
2nd | Xpansiv 2016, San Francisco (United States), Series D | Offsets and renewable energy marketplace | $712M | 70/100 | |
3rd | Online platform for buying, selling, and trading commodity derivatives | $113M | 64/100 | ||
4th |  ElectronX 2022, Chicago (United States), Series A | Developer of a power derivatives market for energy risk management | $61.5M | 61/100 | |
5th | Commodity Exchange | $55M | 61/100 | ||
6th | European Energy Exchange 2002, Leipzig (Germany), Seed | Commodities exchange | - | 56/100 | |
7th |  MTB 1957, New York City (United States), Public | Provider of commodities exchange services | - | - | 48/100 |
8th | Provider of digital exchange platforms for trading environmental carbon credits | $15M | 45/100 | ||
9th | _1567762811664.png?devicePixelRatio=2&height=30&width=30){kind=logo} HMS Bergbau 1995, Berlin (Germany), Public | Coal mining company | - | - | 42/100 |
10th |  National Spot Exchange 2005, Mumbai (India), Unfunded | Commodity exchange | - | - | 42/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on MCX's competitors? Click here to see the top ones
MCX's Investments and acquisitions
MCX has made no investments or acquisitions yet.
Reports related to MCX
Here is the latest report on MCX's sector:
News related to MCX
Filter this listMedia has covered MCX for a total of 11 events in the last 1 year, 10 of them have been about company updates.
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MCX, IAMAI form council to boost fintech and startup innovation in commodity marketsThe Tribune•Sep 09, 2026•MCX
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MCX eyes wider FPI participation as SEBI proposes access to delivery-based contractsCNBC-TV18•Aug 13, 2026•MCX
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MCX launches 'Silver 100' futures to open silver market to small investorsMoneycontrol•Jun 01, 2026•MCX
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MCX Expands Precious Metals Segment With New Silver 100 Contracts From June 1News18•May 17, 2026•MCX
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MCX gets SEBI nod to invest in proposed coal exchange, commits Rs 100 croreMoneycontrol•Apr 19, 2026•MCX
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MCX shares rise as commodity exchange launches options contract on bullion index MCX BULLDEXMoneycontrol•Oct 27, 2025•MCX
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FAQs about MCX
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