### **Overview** Abans Enterprises Limited (AEL) is a publicly listed commodity trading and financial services conglomerate with diversified operations across **agricultural commodities, bullion, base metals, derivatives, and jewellery manufacturing**. AEL has evolved from a legacy trading entity founded in 1985 into a modern, technology-driven, and globally integrated business under the leadership of Mr. Abhishek Bansal since 2015. Listed on the **Bombay Stock Exchange (BSE)** and **Metropolitan Stock Exchange of India (MSEI)**, AEL has built a reputation as a trusted counterparty in physical and derivatives markets with a **zero-default track record**. --- ### **Core Business Segments & Operations** #### **1. Commodity Trading** AEL is a dominant player in India’s commodity ecosystem, operating at the intersection of **physical delivery and derivatives intelligence**: - **Agricultural Commodities**: Focuses on high-demand products including **coriander, turmeric, castor seed, guar gum, jeera, cottonseed oil cake, and yellow peas**. Actively trades on **NCDEX** and domestic mandis. - **Precious Metals & Bullion**: A leader in **gold and silver** trading, both physical and derivatives-based, with significant import and delivery infrastructure. Active on **MCX and COMEX**. - **Base Metals**: Trades **copper, aluminium, lead**, and other industrial metals with growing volumes—base metal derivatives tripled between FY2023 and FY2025. - **Trading Volumes (FY 2024-25)**: - **Bullion**: 91,188 MT physical | 1,728 MT derivatives - **Agri + Base Metals**: 2,152 MT physical | 17,613 MT derivatives - **Agri Commodities (individual)**: 5,541 MT traded #### **2. Derivatives & Risk Management** Derivatives form a **core operational pillar**, not just a hedging tool: - Uses **futures and options** on **NCDEX, MCX, COMEX, and DGCX** for strategic decision-making. - Bullion derivatives trading grew by **84% since FY2023**; agri derivatives up **32%**. - Launch of **performance-linked debentures** (Nifty & gold benchmarks) and expanded **algorithmic trading** on MCX. - **Option-writing capabilities** enhanced to serve institutional hedging needs. #### **3. Jewellery & Manufacturing** - Operates through **Abans Jewels Limited**, a subsidiary focused on **B2B and premium B2C jewellery** for high-net-worth clients. - Offers **handcrafted, customized designs** and is vertically integrated with bullion supply. - Positions itself to benefit from strong **domestic demand** and a shift from unorganized to organized market. - **Dubai subsidiary (Abans Gems & Jewels Trading FZC)** supports international bullion trade and procurement. #### **4. International Presence & Strategic Subsidiaries** AEL’s global footprint is anchored in key financial and trade hubs: - **Dubai (UAE)**: Strategic hub for **bullion imports, cross-border hedging, and liquidity access** via *Abans Gems & Jewels Trading FZC*. - **Mauritius (Splendid International Limited)**: Used as a **gateway for structured trades, risk-aligned arbitrage, and flexible capital flows**. - **GIFT City (IFSC)**: Operates as a **Qualified Jeweller**, accessing gold imports under the **Tariff Rate Quota (TRQ)** mechanism—providing a **duty-concessional pricing advantage**. --- ### **Leadership & Governance** - **Mr. Abhishek Bansal (Managing Director)**: Founder of the Abans Group at age 18; led transformation from traditional gold arbitrage to a diversified financial and trading group. Drives long-term strategy across global operations. - **Mr. Kayomarz Sadri (Whole-Time Director & CEO)**: Appointed July 2023; previously led Agri Trading since 2017. Instrumental in expanding NCDEX trading dominance. - **Mr. Deepak Zope (Executive Director)**: With 14+ years in financial services; oversees daily operations and strategic execution. - **Board-Level Oversight**: Strong governance with embedded risk frameworks reviewed regularly at senior and board levels. --- ### **Technology & Infrastructure** AEL has built a **proprietary, high-performance technology ecosystem** for competitive advantage: - **In-House Systems**: Developed by internal tech team and supported by **Zicuro Technologies Pvt Ltd** (owned by Mr. Abhishek Bansal), ensuring agility and reduced third-party dependency. - **Automated Trading Infrastructure**: - Algorithmic pricing engines - Real-time risk dashboards and settlement automation - Automated hedging reconciliation across physical and derivatives - **Exchange Connectivity**: Seamless integration with **MCX, NCDEX, BSE, COMEX, DGCX**. - **Future Roadmap**: Investing in **AI, blockchain**, and **advanced analytics** to enhance transparency, execution speed, and compliance. --- ### **Risk & Financial Resilience** - **Zero-Default Record**: Maintained across physical and derivatives transactions—key to trust with institutional clients and exchanges. - **Robust Risk Framework**: Based on **anticipation, assessment, and action**. Integrated across trading, logistics, and operations. - **Hedging Strategy**: All major trades are **fully hedged and physically backed** (e.g., bullion, base metals) to mitigate volatility. - **Intra-Group Financial Flows**: Utilizes inter-corporate lending through **Abans Finance Pvt Ltd** (RBI-registered NBFC) for efficient capital allocation and working capital optimization. --- ### **Strategic Differentiators** 1. **Intelligence-First Approach**: Combines real-time market data from **mandis and exchanges** with fundamental drivers (weather, policy, sentiment). 2. **Integrated Physical + Derivatives Model**: Enables precision in delivery execution and volatility management. 3. **Global Scalability via Hubs**: Uses UAE and Mauritius for trade flow optimization, duty advantages, and liquidity access. 4. **Proprietary Tech & Automation**: Drives high-frequency trading, accurate risk pricing, and operational resilience. 5. **Pricing Power & Market Leadership**: Largest participants on NCDEX; recognized for high-volume trades and market interpretive authority. --- ### **Workforce & Culture** - **68 employees** (FY 2024-25); median age of 36 - **Highly specialized teams**: Trading, risk management, operations, jewellery design, and technology. - **85% retention rate** – reflects a performance-driven culture and investment in skill development. --- ### **Financial Highlights & Strategic Positioning** | Metric | Detail | |-------|--------| | **Primary Revenue Streams** | Commodity trading, derivatives, bullion, jewellery | | **Largest Earnings Contributor** | Gold & jewellery manufacturing (₹3,895.80 Cr pre-tax profit in recent reporting) | | **Key Risk** | Commodity trading segment reported losses (₹596.24 Cr pre-tax) – offset by strong bullion and derivatives performance | | **Capital Advantage** | Low borrowing costs enable aggressive capital allocation to high-yield trades | | **Market Position** | One of India’s most trusted commodity institutions due to zero defaults, tech strength, and integrated model | ---