GCM Commodity & Derivatives Ltd

GCM Commodity & Derivatives Limited was incorporated on April 26, 2005 as a Private Limited Company. Subsequently, the company was converted into a public limited company on June 14, 2013. The company ... was promoted by GCM Securities Limited, Mr. Inder Chand Baid, Mr. Manish Baid and Mr. Samir Baid. The company allotted 26,25,500 equity shares to GCM Securities Limited on March 28, 2013 representing 67.03% of its pre issue capital and accordingly it became the subsidiary of GCM Securities Limited. GCM Commodity is currently engaged in the business of investing in NSEL Investment Products for arbitrage opportunities and commodity broking. The company provides commodity broking facilities through its membership of NSEL. The company become the Trading-cum-Clearing member of National Spot Exchange Limited and started the commodity broking business in May 2013. To further expand the business, the company also plans to take the Membership of Multi Commodity Exchange of India Limited(MCX). Read More