NCDEX Institute of Commodity Markets and Research
NCDEX Institute of Commodity Markets and Research
About Us

NCDEX Institute of Commodity Markets and Research (NICR) is a 100 per cent subsidiary of the National Commodity & Derivatives Exchange (NCDEX). NICR has been incorporated under Section 25 of the Companies Act, 1956 (No. 1 of 1956), on the 18th of September 2007, making it a not-for-profit company. NCDEX, which has emerged as a leading commodity exchange in the country, has promoted NICR, a not for profit institute, to meet this research gap. NCDEX is a professionally managed company and has been promoted by public and private sector institutions of global repute. The vision is to make NICR recognized nationally as an independent, credible academic and research institute of eminence.Corporate Identity No. of NCDEX Institute of Commodity Markets and Research (NICR) is U74900MH2007NPLC174229.

NICR is dedicated to promoting research and awareness in commodity markets. It derives its credibility and strength from its parent organization NCDEX, one of India’s leading commodity exchanges. Since the establishment of national commodity exchanges in 2003, the commodity futures market has witnessed phenomenal growth with traded volumes crossing 77,000 billion in 2009-10. However, commodity derivatives have not yet achieved their full potential for a number of infrastructure and awareness related issues. Lack of a network of well spread spot markets, availability of research material, and intelligence on market trends on various commodities are limiting factors, resulting in poor understanding of the dynamics of the commodity markets. Like any other emerging area, there is dearth of independent, credible and easily accessible research material on the subject in India. It is to fill this knowledge and information gap that NICR was set up.


Mr. Arun Raste.

Managing Director and Chief Executive Officer of NCDEX

Mr. Atul Roongta

Chief Financial Officer of NCDEX

Mr. Sanjay Kaul

Managing Director & CEO of National Collateral and Management Services Limited (NCML)

NCDEX Institute of Commodity Markets and Research