The business incorporated with the hands of late Mr. Murji Meghan in 1952. His son Mr. Ramniklal Pasad joined the business in the age of 16. He is the current chairman of the company. Murji Meghan has been dominating the edible oil industries over last 50 years. We have been dealing with all kinds of edible & non-edible oils since inception. We have been house broker for TOMCO & GODREJ in the past. Mr. Sahil Pasad joined the business after completing bachelors in commerce & ecconomy in 1998. Currently this is the 3rd generation running the business.

Incorporated in 2000, MMSPL, a member of MM Group, is the leading brokerage firm within the edible oil industry in Southeast Asia. As a dealing and merchandising broker of edible oil and related products, our trading volume is well over 1 million tons per annum.

Based in Mumbai, we are strategically located to focus on rapidly expanding Asia markets and stay in touch with global market trends.

Recognised as a leader in the industry in the Asia region, we house a team of expert professional brokers, with experience of more than forty years in the industry. We firmly believe in developing close working relationships. Many of our clients, which include Fortune 500 companies, banks as well as local and international listed companies, have worked with us for ten years or more, trusting in our ability to understand their needs.

Our commitment is  Your Advantage

  • Expert Portfolio Management
    Any trading activity involves some degree of risk. With the experience and proven track record of our brokers, we provide essential information and recommendations that help customers mitigate risks.
  • Timely Response
    In an industry where timing is critical, we place emphasis on providing up-to-date information on market movements, daily market reports, trend analyses, archived reports, etc. Everything you need to know is on hand right when you need it, facilitating your decision-making.
  • Long-term Client Relationships
    We value and nurture every client relationship. The more we understand you, the more effectively we can manage your portfolio. Our clients’ interests always come first, and we focus a ll of our resources to bring about the best outcomes.
  • Insight and Innovation
    With our in-depth knowledge of the markets in which we operate, we are able to anticipate change and future directions. Taking the lead, we constantly review our services and explore ways to take advantage of new opportunities for growth and more profitable returns.

Transforming Knowledge and Experience into Value

Our Vision

MMSPL aims to become a multi-commodity brokerage house that integrates the flow from production to consumption, providing multi-level services that span trade-related financing, risk management, advisory and logistics services.



Our Mission

We are committed to adding value to our clients through the knowledge and ability of our people, and by nurturing long-term relationships built on trust and confidence in our professionalism and integrity.

Our Principals

Palm :

1. Wilmar Trading PTE Ltd. (Singapore)

2. Musim Mas Group (Indonesia)

3. Golden Agri (GAR) - Indonesia

4. Permata Hijau Group - Indonesia

5. Sime Darby - Malysia

6. Asian Agri Abadi - Indonesia

Soft Oil & Oilseeds



3. ADM





Our Customers - Includes all the edible oil refinaries & vanaspati manufacturers pan - India. Since last 3 years we are also suppyling oil to Nepal, Bangladesh, Bhutan & Sri lanka

Commodities future trading is a global phenomenon and offers huge potential to market participants for both profit taking on small price fluctuations as well as also to hedgers looking at managing price risk on account of price fluctuations.

In India there are two main online commodities exchanges Viz. National Commodity & Derivatives Exchange Ltd. (NCDEX) & Multi Commodities Exchange of India Ltd. (MCX).

The encouraging feature of online commodities trading is that it offers a large number of agro commodities to trade in along with both bullion i.e. Gold & Silver. There is a huge potential of more commodities being added to the list of existing commodities.

Traders can hedge their positions in various commodities with reasonable margin and lower expenses. The most traded commodities on online trading system are: Guar seeds, Silver, Sugar, Guar Gum, Gold Mustard Oil, Chana, Caster Seed, Turmeric, Wheat, Black Pepper, Refind Soya Oil, Soya Bean Seed, Mustard Seeds, Jute, Turmeric, Crude and Palm oil, rubber, refined Soya oil, turmeric, sugar & yellow peas etc.

In view of the situation given above there is a tremendous Scope & opportunities to trade in commodities at online trading exchanges.

In 2000 Company started its operation as a broker in vegetable oils. The Company through its excellent contacts and on the basics of its sound reputation in the market, has been able to attract high net worth clients. Company is engaged in the business of vegetable oils with all major foreign and Indian suppliers.

We have strong presence in Mumbai as well as Western and Northern part of India.

MM Group has been governed by the entrepreneurial and charismatics endeavors of its Directors Mr. Ramniklal Murji Pasad and Mr. Sahil R. Pasad

MM Group has constantly worked on a diversified approach with an aim to become a leader in broking industry and thus started the new business ventures in 2005 as Trading cum Clearing Member of National Commodity & Derivatives Exchange Ltd. (NCDEX) and of Multi Commodity Exchange of India Ltd. (MCX).

MMSPL is a progressive computerized and professionally managed organization which takes pride in offering quality services to its clients.

MM group wishes to extend its gratitude to all its clients and investors who have made it a pioneering broking house entity.