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The National Collateral Management Services Limited (NCML) is the country’s leading organisation providing a bouquet of commodity based services under a single umbrella. Since its incorporation in 2004, NCML has empowered a multitude of stakeholders in the commodity value chain in managing their risks. NCML is governed by an independent and professional Board. Fairfax India, has a majority ownership interest and management control in National Collateral Management Services Limited (NCML). Fairfax India, is a Group Company of the Prem Watsa led Fairfax Financial Holdings which is based in Toronto, Canada and is listed on the Toronto Stock Exchange. Fairfax India is an investment holding company whose objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India.