Company History - Multi Commodity Exchange of India
We are a de-mutualised multi commodity association and were
incorporated on
April 19, 2002 under the name Multi Commodity Exchange of India
Private
Limited. The subscribers to the Memorandum of Association were
V.Hariharan
and Rinsy Ansalam. Further allotments were made to La-Fin Financial
Services
Private Limited, Sajit Dayanandan, Dewang Neralla, Ajay Narsimhan and
Manjay
Shah on April 22, 2002. Subsequently, on May 16,2002, we were
converted into
a public company and consequently our name was changed to Multi
Commodity
Exchange of India Limited. We received a fresh certificate of
incorporation
from the RoC pursuant to the change in our name on May 28, 2002. All
the then
existing shareholders transferred their shares to FTIL, our Promoter,
on
August 25, 2003. We received permanent recognition from the
Government of
India for facilitating online trading,clearing and settlement
operations for
commodity futures markets across the country on September 26, 2003.
Online
futures trading commenced on MCX in November 2003. We received
non-promoter
equity participation for the first time in the year 2004 when Bank of
India,
Union Bank and Corporation Bank invested in the Equity Shares of our
Company.
Since then, we have received equity participation from various banks
and
financial institutions, including State Bank of India in July 2004,
HDFC Bank
Limited in March 2005, the NSE in May 2005 and NABARD in June 2005.
Fidelity
Funds-India Focus Funds (FID Funds (Mauritius) Limited) also invested
in our
Company by subscribing to 3,600,000 Equity Shares of face value Rs.
10 each on
February 3, 2006. During Fiscal 2008, our Promoter, FTIL, sold
1,953,770 Equity
Shares of Rs. 10 each to each of Citigroup Strategic Holdings
Mauritius Limited
and Merrill Lynch Holdings (Mauritius), 1,563,016 equity shares of
face value
of Rs. 5 each to GLG Financial Funds, 2,344,524 equity shares of face
value
Rs. 5 each to Passport India Investment (Mauritius) Limited,
2,476,190
equity shares of face value Rs. 5 each to ICICI Trusteeship Services
Limited,
296,000 equity shares of face value Rs.5 each to ICICI Lombard
General Insurance
Company Limited, 3,907,540 equity shares of face value Rs. 5 each to
IL&FS
Trust Company Limited, 781,508 equity shares of face value Rs. 5 each
to each
of New Vernon Private Equity Limited, Kotak Mahindra Trusteeship
Services
Limited and Alexandra Mauritius Limited. In June 2008, FTIL sold
3,907,540 equity shares of face value Rs. 5 each to Euronext N.V.
Some of the key milestones of our Company are as follows: -
2002
Our Company was converted into a public limited company and our
Companys name
was changed to Multi Commodity Exchange of India Limited
2003
Our Company received permanent recognition from the Ministry of
Consumer Affairs,
Food and Public Distribution, Government of India
First day of trading for our Company
Online futures trading during evening session and through Internet
trading
facilities was pioneered
2004
MoU entered into between FTIL and NAFED to create a national level
agricultural
spot exchange.
2005
Launch of composite commodity futures index (MCX-COMDEX) by our
Company
Commodity Suchana Kendra, a joint initiative between our Company,
Maharashtra
State Agricultural Marketing Board (MSAMB?) and NSEAP to link up all
Agriculture
Produce Market Committee (APMC?) markets, was launched at the
Agriculture Produce
Market Committee, Navi Mumbai.
Our Company entered into a license agreement with London Metal
Exchange (LME?)
for the use of the LMEs official prices as the basis for settlement
of certain
futures contracts
Our Company entered into a MoU with the University of Mumbai for
creating a chair
in its department of economics.
2006
Our Company signed a license agreement with NYMEX
Our Company teamed up with the Department of Posts, Government of
India, to launch
Gramin Suvidha Kendra in Jalgaon, Maharashtra, for information
dissemination and
query redressal on agricultural issues to farmers using the Indian
postal network.
Our Company signed an agreement with Euronext.LIFFE
2007
Our Company obtained ISO/IEC 27001: 2005 certification
2008
Our Company was granted membership to the International Organisation
of Securities
Commissions (IOSCO).
Launch of futures in CER (Certified Emission Reduction) by our
Company
Launch of the Gujarati and Hindi version of website mcxindia.com by
our Company
Our Company was awarded the ?Golden Peacock Eco-innovation award
2008? by the Institute
of Directors
Our Company was recognized as ?Indias First Green Exchange? by
Priyadarshini Academy
Our Company received the ?Best Bullion Exchange of the Year? award
from the Bombay Bullion
Association
2009
Our Company released Indias first Yearbook on Indian Commodity
Ecosystem in
collaboration with PricewaterhouseCoopers
Our Company launched ?Exchange of Futures for Physicals? (EFP)
transactions
Our Company received the ?Sankalp Award? for Agriculture and Rural
Innovation.
2010
Our Company signed an MoU with Shanghai Futures Exchange
Our Company was recertified to ISO 9001:2008 Quality Management
System standard
by Bureau Veritas Certification (India)
Our Company released Commodity Insights Yearbook 2010 in
collaboration with PwC
Our Company entered into an MoU with Taiwan Futures Exchange (TAIFEX)
to develop
commodity futures market in India
Our Company received the NASSCOM Foundation Social Innovation Honours
2010
Our Company received the FICCI Socio Economic Development Foundation
(SEDF) Corporate
Social Responsibility Award 2009-10
Our Company received the Best Commodity Exchange of the Year award
from the Bombay
Bullion Association
2011
Our Company recorded its highest daily turnover since inception of
Rs. 1,116.66 billion
Our Company is the worlds fifth largest commodity futures exchange
among all the
commodity exchanges considered in the Futures Industry Association
survey in terms
of the number of futures contracts traded during the period January
to June 2011
Our Company received the Financial Inclusion Award 2011 from the
SKOCH Foundation
Our Company won the Indys award under the category Best in Corporate
Social Responsibility
practices.
Our Company was selected as a Business Superbrand for the year 2010
2011
Our Company won Bombay Bullion Associations Best Commodity Exchange
of the Year award.
2012
-MCX launches IPO to raise Rs 750 crore by month-end
-MCX shakes hands with New York Institute of Finance to offer
certification courses in India
-MCX set to become full-fledged bourse as SEBI approves equity
trading proposal.
2013
-Highest daily turnover of INR 1,19,941 crore achieved on April 15,
2013.
2014
-MCX entered into the Master Amendment to Principal Agreements
(Agreement) with Financial Technologies (India) Limited (FTIL) to
continue availing of technology support & managed services from FTIL
on such terms & conditions as contained therein.
2015
-MCX Signs MoU to establish an international exchange with India's
first International Financial Services Center (IFSC) at GIFT City
-MCX signs MoU with Chitkara University, Punjab
-MCX joins hands with Amity Business School, Noida
-MCX Launches Gold Global Futures Contract
-MCX inks MoU with Christ University
2016
-MCX - MCX and Mozambique Commodities Exchange sign MoU for strategic
co-operation
-MCX wins the Best Bullion Exchange Award from ASSOCHAM
-MCX wins Best Exchange of the Year in Bullion Industry Award
-MCX wins Best Commodity Exchange Award
-MCX signs MoU with Mandsaur University (Madhya Pradesh)
2017
-Sunteck Realty Ltd. - Sunteck Realty wins two awards at Realty Plus
excellence awards - 2017.
-Sunteck Realty jumps over 5% on biz expansion plan.
-MCX and Thomson Reuters Join Hands to launch co-branded Commodity
Indices.
-MCX launches trading in Black Pepper Futures.
-MCX launches Indias first Commodity Options on futures today.
2018
-MCXCCL Becomes a Member of Asia-Pacific Central Securities
Depository Group (ACG).
-MCX Expands Gold Contracts Footprint in India.
-MCX partners with WIRC of ICAI for Strengthening Commodity Risk
Management Practices.
-MCX signs MoU with Indian Cotton Federation (ICF).
-MCX Inks MoU with Indian Bullion and Jewellers Association (IBJA).
2019
-MCX Launches New Index Series on Commodity Futures.
-MCX Gold Petal contract witnesses successful delivery of 2000 one
gram coins.
-MCX signs MoU with Zhengzhou Commodity Exchange.
-MCX Successfully Completes First Physical Delivery Cycle in Copper &
Lead Futures Contracts.
-MCX Successfully Completes Its First Physical Delivery of Aluminium
Futures Contract.
2020
-MCX launches futures trading in natural rubber.
-MCX launches futures trading on MCX METLDEX, Indias first real-time
Base Metal Index.
-MCX BULLDEX futures clocks record monthly turnover of Rs. 6140
crore.
2021
-SEBI, MCX launch World Investor Week 2021.
-MCX launches futures trading on MCX ENRGDEX, Indias first real-time
Energy Index.
-MCX signs MOU with European Energy Exchange for Electricity
Derivatives.
-MCX to Conduct Workshop Series on Commodity Price Risk Management
for Corporates.
-MCX empanels 2 Indian Refiners for good delivery of Gold.
2022
-MCX - Collaboration With Chittagong Stock Exchange (CSE),
Bangladesh.
