Where is Fusion Techstack Limited headquartered?

The company is headquartered at 21st Century Business Centre, Surat Ring Road, Athwa, Surat, Gujarat — a commercial district in Surat known for business services and professional offices.

When was Fusion Techstack Limited incorporated?

Fusion Techstack Limited was incorporated in 2008 in Gujarat, as reflected in its CIN U66190GJ2008PLC099142.

Is Fusion Techstack Limited listed on any stock exchange?

No. Despite being structured as a Public Limited company, Fusion Techstack Limited is unlisted. Its shares are not traded on NSE or BSE, and no market capitalization data is publicly available.

How do I buy Fusion Techstack Limited unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Fusion Techstack Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Fusion Techstack Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Fusion Techstack Limited Unlisted Share Price | Buy Fusion Techstack Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Fusion Techstack Limited Unlisted Share Price | Buy Fusion Techstack Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Fusion Techstack Limited is a Surat-based technology company incorporated in 2008, providing data services and technology solutions. With a very low share price of ₹2.9, no public financial disclosures, no website, and no known promoter information, the company appears to have a very limited operational profile. While the technology sector offers growth opportunities, this company shows little evidence of significant scale or market presence.

Pros

ISIN INE678L01012 confirmed; SEBI-regulated commodity exchange — regulatory legitimacy and unique market infrastructure position.
Formerly Indian Commodity Exchange Limited (ICEX) — rebranded to Fusion Techstack; exchange technology platform with demutualized structure.
Revenue streams: transaction fees, exchange services, data dissemination, technology-enabled market access.
Exchange infrastructure is a high-barrier niche; licensed commodity exchanges have regulatory moat.

Cons

Revenue ₹6.16 Cr (FY25) declining at -36% 1-year CAGR; EBITDA CAGR -55% — severe business contraction.
Unlisted (U-prefix) — no secondary market despite ISIN; OTC trading only.
Commodity exchange business dominated by MCX and NCDEX; ICEX/Fusion Techstack has very low market share.
Rebrand from ICEX to Fusion Techstack signals potential pivot, but revenue trajectory is deeply negative.

Business Segments

Commodity Exchange Platform

SEBI-regulated commodity exchange; online trading, clearing, and settlement for commodity derivatives; revenue from transaction fees, data dissemination, and technology services.

Revenue Model

Fusion Techstack likely generates revenue through technology service contracts, data processing services, and software/platform licensing to enterprise or financial services clients. The company's financial services CIN classification (U66190) suggests possible involvement in fintech data services or financial technology platforms.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

India's digital economy growth driving demand for data services and technology solutions across industries

Gujarat's improving IT infrastructure and government push for digital services creating local opportunities

Industry Tailwinds

India's digital economy growth driving demand for data services and technology solutions across industries

Gujarat's improving IT infrastructure and government push for digital services creating local opportunities

Recent Developments

Rebranded from ICEX to Fusion Techstack

Indian Commodity Exchange Limited (ICEX) rebranded as Fusion Techstack Limited — signals technology-first pivot from traditional exchange model.

Recent

Comparable Companies

CompanyTypeTickerMkt Cap

National Commodity and Derivatives Exchange (NCDEX)———

Tata Consultancy Services———

National Commodity and Derivatives Exchange (NCDEX)—

Tata Consultancy Services—

Frequently Asked Questions

About Fusion Techstack Limited

Fusion Techstack Limited is a Surat, Gujarat-based technology and data services company that has undergone a significant strategic transformation. Originally incorporated in 2008 as Indian Commodity Exchange Limited, the company operated as a commodity derivatives exchange platform before pivoting to focus on technology and data services. The name was officially changed to Fusion Techstack Limited in September 2025, reflecting this strategic shift. With CIN U66190GJ2008PLC099142, the company reported revenue of Rs 6.16 crore for FY2024-25. The transition from commodity exchange operations to technology and data services positions Fusion Techstack to capitalise on India's growing digital infrastructure and data analytics market. The company is exploring fintech, data processing, and enterprise technology solutions as its new core offerings. Under the leadership of directors Suresh Babu Konakanchi, Gopala Ramaratnam, and Shantanu Anil Walke, Fusion Techstack is charting a new course in the technology sector. The company's Surat headquarters provides access to one of India's most dynamic business cities, known for its entrepreneurial ecosystem and growing IT sector. The pivot to technology services represents an attempt to leverage existing infrastructure and capabilities for higher-value commercial applications.

Key Milestones

Incorporated 2008 in Surat, Gujarat (CIN: U66190GJ2008PLC099142)

Originally Indian Commodity Exchange (ICEX) — SEBI-regulated commodity exchange; rebranded to Fusion Techstack Limited

Common questions about unlisted shares

How do I buy Fusion Techstack Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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