NCDEX - About the company
NCDEX is a series B company based in Mumbai (India), founded in 2003. It operates as a Provider of agricultural derivatives exchange services. NCDEX has raised $113M in funding from investors like Punjab National Bank, Acacia Partners and IDFC First Bank, with a current valuation of $*****. The company has 13 active competitors, including 1 funded and 5 that have exited. Its top competitors include companies like Indian Energy Exchange, MCX and National Spot Exchange.
Company Details
Provider of agricultural derivatives exchange services. It is focused on agricultural and some non-agricultural commodity derivatives. It provides a transparent platform for price discovery and risk management for commodities such as pulses, spices, guar, barley, wheat, and soybeans. It offers agricultural market by enabling better price transparency, reducing intermediaries, and facilitating modern trading through technology. Company core business model revolves around facilitating commodity trading for market participants, reducing middlemen, and supporting both agricultural and financial sectors through transparent and secure transactions.
- Website
- ncdex.com
- Social
- Email ID
- *****@ncdex.com
- Phone Number
- +91 **********
- Registered Address
- 1st Floor, Akruti Corporate Park, Near G. E. Garden, L.B.S. Road, Kanjurma, rg (West), Mumbai City, Mumbai, Maharashtra, India, 400078
Key Metrics
Legal entities associated with NCDEX
NCDEX is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
NATIONAL COMMODITY AND DERIVATIVES EXCHANGE LIMITED CIN: U51909MH2003PLC140116 , India, Active | Apr 23, 2003 | $14.4M (As on Mar 31, 2025) | 219 (As on Aug 31, 2025) |
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NCDEX's funding and investors
NCDEX has raised a total funding of $113M over 3 rounds. Its first funding round was on Mar 23, 2010. Its latest funding round was a Series B round on Aug 29, 2025 for $*****. 44 investors participated in its latest round. NCDEX has 61 institutional investors and 22 angel investors.
Here is the list of recent funding rounds of NCDEX:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 29, 2025 | 4336713 | Series B | 6096397 | 4223903 | 1891163 | 6536355 |
Nov 06, 2013 | 3412087 | Series A | 4280304 | 8959350 | 9662150 | 1102140 |
Mar 23, 2010 | 2420536 | Series A | 1912027 | 1865797 |
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NCDEX's founders and board of directors
Founder? Claim ProfileNCDEX's employee count trend
NCDEX has 219 employees as of Aug 25. The total employee count is 2.0% more than what it was in Aug 24. Here is NCDEX's employee count trend over the years:
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NCDEX's Competitors and alternates
Top competitors of NCDEX include Indian Energy Exchange, MCX and National Spot Exchange. Here is the list of Top 10 competitors of NCDEX, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Indian Energy Exchange 2007, Delhi (India), Public | Provider of power trading services | $30M | 75/100 | |
2nd | Commodity Exchange | $132M | 61/100 | ||
3rd | Provider of agricultural derivatives exchange services | $113M | 57/100 | ||
4th |  National Spot Exchange 2005, Mumbai (India), Unfunded | Commodity exchange | - | - | 43/100 |
5th |  GRD Groupz 2005, Kolkata (India), Unfunded | Financial services company that offers a range of brokerage services, including proprietary trading, equity and derivatives, commodities, and currency trading, to individual and institutional clients | - | - | 34/100 |
6th | Janus Corporation 1998, Mumbai (India), Public | Global provider of trading and broking services for ferrous and non-ferrous metals and minerals | - | - | 32/100 |
7th | Provider of gold and silver bullion trading services | - | - | 32/100 | |
8th | _1566192514924.png?devicePixelRatio=2&height=30&width=30){kind=logo} AROMA ENTERPRISES 1994, Ahmedabad (India), Public | Limited information available | - | - | 24/100 |
9th | National Multi-Commodity Exchange 2002, Ahmedabad (India), Deadpooled | Commodity exchange | - | - | 24/100 |
10th |  Apple Finance 1985, Mumbai (India), Public | Provider of commodity trading services | - | - | 20/100 |
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NCDEX's Latest cap tables and shareholding
Funds own 14.66%, Parent Entities own 21.02%, Enterprises (largest shareholder) own 52.64% and Angels own 7.63%.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Fund | 14.66% | 259Cr | 3105057 | 1327076 | 5596454 | 4640149 |
Parent Entity | 21.02% | 372Cr | 3148885 | 4432895 | 3139720 | 9307525 |
Enterprise | 52.64% | 932Cr | 5180118 | 5727821 | 7501338 | 7231829 |
Angel | 7.63% | 135Cr | 4015932 | 8014495 | 3646100 | 4210459 |
Other People | 4.05% | 71.7Cr | 7462 | 6168 | 9643 | 6180 |
Total | 100.00% | 1,770Cr | 1896535 | 8495082 | 3817471 | 8380330 |
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DisclaimerView more details of NCDEX's Shareholding
NCDEX's Investments and acquisitions
NCDEX has a total of 1 investment in National Collateral Management. NCDEX has not made any acquisitions as of now.News related to NCDEX
Filter this listMedia has covered NCDEX for a total of 7 events in the last 1 year, 3 of them have been about company updates and 1 about partnerships.
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NCDEX launches India's first weather derivative linked to Mumbai rainfallMoneycontrol•May 20, 2026•NCDEX
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NCDEX gets nod for new mutual fund platform to expand mutual fund access to investorsMoneycontrol•Nov 12, 2025•NCDEX
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SNG & Partners advises NCDEX on ₹770 crore fundraise via preferential allotmentLegal 500•Oct 30, 2025•NCDEX, Tower Research Capital, Sngpartners, Kotak Life and 1 other
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Globe Capital, Groww parent back India bourse’s derivatives pushMoneycontrol•Sep 02, 2025•NCDEX, Globe Capital, Tower Research Capital, Citadel Securities and 1 other
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CSE Partners with NCDEX to Share Expertise and Explore Opportunities in Derivatives and Commodities Trading.Lanka Business News•Jan 17, 2025•Colombo Stock Exchange, NCDEX
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PNB To Sell 10 pc In Canara HSBC Life- DetailsTimes Now News•Jun 04, 2024•Punjab National Bank, Canara HSBC Life Insurance India, PARAS, NCDEX
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