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 commodity value chain in managing their risks. The company was promoted by NCDEX, IFFCO, leading banks and reputed organisations. Fairfax India has majority ownership and management control in NCML. PNB, Corporation Bank, Bank of India, Indian Bank and Hafed continue to be its shareholders. Fairfax India is an investment holding company whose objective is to achieve long-term capital appreciation, while preserving capital. Fairfax India is a Group Company of Prem Watsa led Fairfax Financial Holdings based in Toronto, Canada and is listed on the Toronto Exchange.