NCDEX Institute of Commodity Markets and Research (NICR) is a 100 per cent subsidiary of the National Commodity & Derivatives Exchange (NCDEX). NICR was incorporated on 18th September 2007 under the Section 25 of the Companies Act, 1956 as a not-for-profit company. Our Parent company, NCDEX, is a professionally managed and India’s leading commodity exchange promoted by public and private sector institutions of global repute. NCDEX’s vision is to make NICR an independent and credible academic and research institute of eminence with a national recognition. Corporate Identity Number of NICR is U74900MH2007NPLC174229. The contributions received against 80G certificate of NICR will be eligible for deduction of 50% under Income Tax Act. NICR is registered (CSR00018412) with the Registrar of Companies under the Ministry of Corporate Affairs as a qualified institution to receive funding under the Corporate Social Responsibility (CSR) activities of the corporate sector.

About us

NICR is dedicated to promoting research and awareness in commodity markets. Ever since the launch in 2003, India’s commodity derivatives market witnessed a reasonable growth. However, it has not yet achieved its full potential due to infrastructure and awareness bottlenecks. Lack of credible research, market information, data and intelligence resulting in poor understanding of the commodity market dynamics has created a major challenge in attaining the fullest potential of the market. It is our endeavour to fill these gaps to create a vibrant commodity derivatives market in India.

Board of Directors

Mr. Arun Raste

Managing Director and Chief Executive Officer of NCDEX

Mr. Atul Roongta

Chief Financial Officer of NCDEX

Dr. Sukhpal Singh

Centre for Management in Agriculture (CMA).
Indian Institute of Management, Ahmedabad (IIMA).

Mr. Ram Kaundinya

Co-founder, ThinkAg & Director General of Federation of Seed Industry of India.
An author, Strategic Management Consultant, Teacher, and Agricultural Policy Analyst.

Management Team

Mr. Aleen Mukherjee
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Mr. Niraj Shukla
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Ms. Anuradha Singh
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Ms. Priya Arora
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