NMCE unveils new corporate identity

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Mumbai, Oct 8 (UNI) National Multi-Commodity Exchange of India Ltd (NMCE), the country's first online demutualised, multi-commodity exchange, unveiled its new logo today.

The exchange's current logo will be replaced with a new and bold looking 'NMCE' written in red with three red and blue arrows on its top right hand side, signifying continuous forward movement.

The new identity was unveiled by Forward Markets Commission Chairman B C Khatua. NMCE Managing Director Kailash Gupta and NMCE Director Sudip Bandyopadhyay were also present on the occasion.

The new identity was unveiled after NMCE received an approval from the Ministry of Consumer Affairs for Reliance Money's proposed acquisition of stake in the exchange.

Mr Khatua told mediapersons here today ''The new corporate identity is not a mere change in the logo but a reflection of the inner change in approach and mindset to take upon new challenges to be a vibrant and leading Commodity Exchange of the future.'' ''It was important for us to review what our members and clients think of the exchange. The objective has been to make it contemporary, forward looking and relevant. In addition to launching a new identity, we have also moved our Corporate Office to Mumbai, and are looking at recruitments at various levels to further strengthen our management,'' said Mr Gupta.

''With a renewed focus on growth, NMCE is aggressively looking at not only revamping the entire working of the exchange but also changing the way the exchange is looked at. We not only plan to expand our membership network and commodity base offered, but also plan to reach out to the huge investor base in the commodity space through various new schemes and tie-ups,'' said Mr Bandopadhyay.

UNI AR/NV SSS VKG1521

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