Section 1 – Overview

Ticker Limited is an Indian unlisted company operating in fintech space. Ticker is a subsidiary of 63 Moon Technologies. The company was incorporated in February 2005, headquartered in Mumbai. It is a leading player in covering equities, commodities, fixed income, currencies, agriculture products, virtual digital assets and others. It uses ultra-low latency feeds to provide real time financial data, news and analytics. The company reinforces strong foothold in fintech space with its subsidiaries – 3.0 Verse Limited and Ticker Data Limited. Joseph Massey is running the company as MD & CEO since Feb 2022. Investor interest in Ticker Limited Share and Ticker Limited Unlisted Share has grown in line with the company’s expansion in real-time financial data infrastructure and analytics services. 

Section 2 – How does Company Makes Money?

The ticker engine on the following gears:

• Multi-Asset Supply Chain: This is the ingestion point in the engine. Ticker gathers data equities and F&O with domestic and global coverage, currency and fixed data from OTC markets, commodities, agri-market and news feeds. 

• Data Processing: Real time financial data losses its value if delivered late, hence ticker uses high-velocity tech infrastructure to ingest, process and sync data instantly. Ticker uses NVMe SSD storage clusters and data automation frameworks to facilitate real time data processing. 

• Analytics and Dashboard: This is the value addition layer, where ticker converts the raw numbers into contextual data that makes more sense to traders. Ticker runs raw data through calculation engine and feeds it into their proprietary software suites:

  • MarketView Terminal: It is desktop platform specifically designed for active traders.

  • MarketView Data Feed: This is raw and low-latency API streams that are directly integrated with client software.

  • TickerWealth and Mobile App: This is dynamic and adaptable retail user friendly web and app-based platform. 

• Distribution: The company primarily operates on subscription-based model. It licenses its proprietary software and API to institutional clients such banks, mutual funds, insurance companies, corporate clients such as investment banks and treasury houses and retail brokers, wealth advisors and traders.

2B - Revenue Model

Ticker operates in B2B Service-as-a-Information space. The company has multi-tier revenue streams. Company monetizes high speed software, infrastructure integration and value-added information processing from data consumers.

• Terminal Fees: Ticker has recurring revenue subscription model, it monetizes its proprietary software terminals on monthly/annual basis from its flagship MarketView Terminal, MarketView Pro. High advance payments are collected from institutional desks, financial firms and corporate treasuries.

• High-Velocity Data Feed: Ticker uses high-velocity tech infra to directly feed raw data into client software. This is a volume-based billing machine for ticker. 

• Other Revenue Streams: It includes add-ons and premium features that are specially designed as per client needs. It includes technical screening setup, institutional analytics and market commentary.

Section – 3 Competitors

Competition from Global Player

• Bloomberg & Refinitive: Global players like Bloomberg terminal and Refinitve have strong foothold in tier -1 Investment banks, global fund houses, and institutional FPIs. Their per user subscription is way higher than Ticker (Bloomberg - $33,000/user/year; Refinitive - $22,000/user/year). Making significantly unaffordable for mid-tier price sensitive data consumers. Hence, Ticker targets Indian mid-tier brokers, traders, treasury operations and etc. while providing hyper-localized coverage for Indian Assets. 

• FactSet & Capital IQ: These are fundamental based platform targeting mid to high data consumers. Ticker competes by offering ultra-low-latency real time Indian feed delivery and exchange connectivity like BSE, NSE and MCX. 

Competition from Domestic Players

• Accrord Fintech: Accord fintech maintains a strong hold in providing analytics database and ingrained across Indian brokerage firms, research houses, advisory firms, and fund houses. Even though Accord excels at providing structured feeds and mutual fund API integration, Ticker competes by leveraging infrastructure of its parent – 63 Moons to offer even robust and ultra-low latency feeds for trading desk.

• Dion Global and Investica: They primarily focuses on back-end broker trading console, wealth advisory setups, and reporting tools. Ticker focuses on front-office terminal displays and raw API delivery. 

• NSE/BSE Products: While these exchanges itself act as sources of data and competitors as well. They provide raw data feeds but ticker offers unified dashboard layout that is more useful at trading desk. Acquiring raw data requires software licensing and API integration to make it useful.

Emerging Indian Fintech Players

• Tijori Finance, Screener.in, & Trendlyne

• Tickertape (Smallcase), Moneycontrol Pro, & IIFL Markets

• In-House Broker Infrastructure (Zerodha Kite, Groww, Angel One)

Section -4 Corporate History & Ownership

Ticker has not raised funding directly from venture capital, private equity or any institutional investors. From the incorporation, the subsidiary is fully funded and backed by parent – 63 Moons. But November 2025 marks a shift to strategic capital structuring. On 25 November 2025, ticker allotted 7.3 crore fresh equity share at a face value of Rs. 20, infusing total 146 Crore of capital into the company. It was a private placement – means shares were allotted to a selected group of closely aligned strategic investors, business associates and HNI. After the private placement, parent maintains its ownership at 67.49%. This has further increased attention in Ticker Limited IPO discussions among market participants, although no formal listing announcement exists.