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

52-Week Range
Valuation
Financials (FY2024)
Investment Thesis
India's leading real-time financial market data and analytics company (est. 2005), operating under brands Ticker, TickerPlant, and Tickermarket. 75.42% owned by listed 63 Moons Technologies (NSE: 63MOONS). Revenue ₹19.5 Cr FY2024 (down 11.88%) but PAT improved +76.56% and cash surged. Provides ultra-low-latency data feeds across equity, commodity, FX, fixed income and crypto to banks, mutual funds, insurance companies and HNIs. Strong BFSI data moat with sticky enterprise clients. Unlisted; parent 63 Moons carries FTIL/NSEL historical regulatory overhang.
Pros
Cons
Business Segments
Real-time financial market data feeds — equities, commodities, fixed income, currencies, crypto (ultra-low latency)
Financial analytics platform — MarketView Mobile app, MarketView Datafeed, charting, backtesting, bond analysis
B2B financial data services — banks, mutual funds, insurance, corporate houses, HNIs
Revenue Model
Primarily subscription-based licensing of real-time and historical financial data to institutions and fintech companies; additional revenue from API access fees and content syndication.
Detailed Analysis
Growth Plans
Rapid growth of retail trading and fintech apps in India driving demand for affordable market data APIs
Expansion of Indian capital markets with new asset classes and exchange segments
Industry Tailwinds
Rapid growth of retail trading and fintech apps in India driving demand for affordable market data APIs
Expansion of Indian capital markets with new asset classes and exchange segments
Recent Developments
Comparable Companies
Frequently Asked Questions
About Ticker (TickerPlant)
Ticker Limited (formerly known as TickerPlant Limited) is a Mumbai-based financial data, analytics, and technology company incorporated on February 4, 2005. Headquartered at FT Tower, 6th Floor, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai, Maharashtra 400093, the company is engaged in application development and software solutions within the information and communication sector. The company operates in the financial data and market information space, providing real-time market data feeds, financial analytics tools, and technology solutions to institutional investors, trading firms, financial intermediaries, and corporate treasuries. The TickerPlant brand is well-known in India's capital markets ecosystem for financial data dissemination and analytics. For the financial year ended March 31, 2024, Ticker Limited reported revenue of approximately Rs 19.5 crore — a decline of 11.88% from the previous year's revenues. Despite the revenue decline, the company showed a significant improvement in profitability, with profits growing 76.56% in FY2024. The company employs 138 people as of December 2024. Ticker Limited has a significant authorised share capital of Rs 216 crore, with paid-up capital of Rs 174.93 crore — reflecting a substantial equity base relative to current revenues. This may indicate historical capital raises or restructuring. The company's 1-year revenue CAGR is -3% and EBITDA CAGR is -11%, suggesting near-term revenue headwinds even as profitability metrics have improved. The financial data and analytics sector in India is growing rapidly, driven by expansion in retail participation in capital markets, algorithmic trading, and fintech platforms requiring real-time data feeds. Companies like Ticker Limited occupy a specialised niche providing the infrastructure layer for data-driven financial decision-making. The company's Andheri East location is India's financial technology hub.
Key Milestones
4 February 2005 — Incorporated in Mumbai by Jignesh Shah (FTIL/63 Moons ecosystem) as financial market data arm
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Industry Headwinds
Intensifying competition from exchange-owned data subsidiaries with privileged data access
Potential regulatory changes in data licensing fees imposed by exchanges
Revenue declining at -11.88% YoY in FY2024 with -3% 1-year CAGR
Source: Company Financial Filings
EBITDA CAGR of -11% indicates operating leverage challenges
Source: Company Financial Filings
Large paid-up capital of Rs 174.93 crore versus revenue of Rs 19.5 crore — significant capital tied up
Source: Company Financial Filings
Competes with well-capitalised players including NSE Data & Analytics, BSE data services, and global providers like Bloomberg and Refinitiv
Data distribution business is subject to SEBI and exchange regulations; changes in licensing terms can affect operating costs and margins
Unlisted status with no publicly available audited financials makes valuation and risk assessment difficult for investors
Grew into India's leading real-time market data provider (equity, commodity, forex, fixed income, crypto)
5 August 2024 — TickerPlant formally acquired/consolidated under 63 Moons Technologies
2024 — Raised ₹40 Cr via private placement; 63 Moons Technologies holds 75.42% stake
Subsidiary Ticker Data Limited incorporated July 2023 (CIN: U63999MH2023PLC406517)
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