Multi Commodity Exchange of India

India

A premier commodity exchange in India that facilitates trading in multiple commodity markets including metals, energy, and agricultural products, offering a transparent and efficient platform for risk management and price discovery.

CCI Score

-43.29

0.04% May 31

Latest Event

SEBI penalizes MCX for inadequate payment disclosures

SEBI imposed a Rs 25 lakh fine on the Multi Commodity Exchange of India (MCX) for failing to timely disclose significant payments made to 63 Moons Technologies for trading software services, which raised concerns about the company’s transparency and adherence to disclosure regulations.

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TOADIE

Multi Commodity Exchange of India is currently rated as a Toadie.

-30 to -44 CCI Score

Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

MAY

26

2025

SEBI penalizes MCX for inadequate payment disclosures
-40.00

SEBI imposed a Rs 25 lakh fine on the Multi Commodity Exchange of India (MCX) for failing to timely disclose significant payments made to 63 Moons Technologies for trading software services, which raised concerns about the company’s transparency and adherence to disclosure regulations.
MAY

26

2025

SEBI Fines MCX for Disclosure Lapses
-49.92

India's market regulator, SEBI, imposed a fine of ₹25 lakh on Multi Commodity Exchange of India (MCX) for failing to timely disclose substantial financial details related to its trading software contract. The breach arose amid delays in migrating from an older system, leading to questions about the exchange's transparency and corporate accountability.
-50

Business Practices and Ethical Responsibility

May 26

MCX’s failure to disclose significant financial details regarding the extension of its trading software support contracts has raised concerns about its business ethics and transparency. This lapse, highlighted by the regulatory penalty from SEBI, suggests a disregard for ethical corporate practices, which undermines stakeholder trust.

Sebi fines MCX for disclosure lapses, misleading stakeholders
MAY

26

2025

Penalty for Inadequate Disclosure of Payments
-39.94

MCX was fined Rs 25 lakh by SEBI for failing to disclose significant payments totaling Rs 222 crore made to 63 Moons Technologies, highlighting lapses in transparency related to its trading platform transition.
-40

Business Practices and Ethical Responsibility

May 26

MCX’s failure to promptly disclose substantial payments to a key software provider undermines transparency and accountability. This lapse in ethical business practices raises concerns about the overall governance and commitment to regulatory compliance.

Sebi fines MCX Rs 25 lakh over lapses in disclosing payments