Commodity firm in Jaipur unveils expansion plans

Moti Commodity Futures Pvt Ltd, a city-based member of National Commodity Derivatives Exchange Ltd and the Multi Commodity Exchange, is expanding.

The company, which started its operations when there were hardly any key player representing Rajasthan, now has around 125 network associates spread all over the country, of which almost 50 per cent are in Rajasthan.

"When it comes to expansion, we are not looking at Rajasthan only because we are expanding all over India," said Sandeep Chabra, chairman, Moti Commodity Futures Pvt Ltd. "We have got a very good base in Uttar Pradesh, West Bengal, Madhya Pradesh, Punjab, and Haryana, totalling more than 125 terminals," he said.

"Our branch offices in Kolkata and Moradabad are opening terminals and we plan to go in a big way in Andhra Pradesh and Gujarat," the chairman said.

As part of the Moti group expansion programme, Chief Business Officer K Jain said, "We have applied for membership at the Bombay Stock Exchange and the National Stock Exchange and have obtained membership of the Dubai Gold and Commodity Exchanges (DGCX), which would be an international platform and mean more trading in metals, crude, and freight futures." Chabra said fluctuations in trade affected market conditions and investors Moti Commodity had always looked after the interest of the investors.