Founder Promoter & Strategic Partners

Founder Promoter – Mr. Ketan Sheth
A visionary with demonstrated capability, having over two & a half decades of global experience in the Information Technology space. He constantly introduced various innovative yet cost effective services and solutions to enhance, enable & integrate IT with domains such as Finance, Capital & Commodities Market, Telecom, etc.

Strategic Partners
Universal Commodity Exchange (UCX) is a joint initiative by some of the prominent institutions of the country having social responsibility at the core of their corporate philosophy. Some of the strategic partners in this initiative are:


IDBIIDBI Bank is India's leading public sector bank which has played a pioneering role in laying the foundations of some of the world class institutions such as National Stock Exchange (NSE), National Securities Depository Services Ltd (NSDL), Stock Holding Corporation India Ltd (SHCIL) and others.

Indian Farmers Fertiliser Cooperative Limited (IFFCO)

IFFCOIFFCO is the largest producer and marketer of fertilizers having thousands of co-operative societies; represent millions of farmers across the country.

National Bank for Agriculture and Rural Development ( NABARD)

nabardNational Bank for Agriculture and Rural Development ( NABARD)  is an apex institution accredited with all matters related to policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas. It  promotes research in the fields of rural banking, agriculture and rural development. Over the last 3 decades of operations NABARD has played a pivotal role towards inclusive growth of rural areas & promoting developmental activities.

Rural Electrification Corporation Limited (REC)

recREC is a Navratna Central Public Sector Enterprise under Ministry of Power, was incorporated on July 25,1969 under the Companies Act,1956. It is one of India's leading Public Financial Institutions operating in Power Infrastructure space. It has established itself as a strategic player in financing of entire Power Infrastructure space which includes financing for generation, transmission, distribution and rural electrification projects, across the country.REC was accorded the coveted "Navratna" status by Govt. of India in 2008. 

Commex Technology

CommexCommex Technology is a technology and consulting service provider in commodity & capital markets. Their domain expertise and management bandwidth is poised to cater to the various initiatives planned by the exchange.UCX's business strategies along with the active support from its strategic partners in the Bullion & Agri segments, should lead to a convergence of large-scale processors, traders, producers & co-operative societies along with banks in the long run and in the process- assist in the development of the Indian commodity futures market.