National E-Repository Limited

National e-Repository Limited (NeRL) is a national-level market infrastructure institution in India that provides an electronic platform for the creation, management, transfer, and storage of electronic Negotiable Warehouse Receipts (eNWRs) for commodities. Incorporated in 2017 and headquartered in Mumbai, the company operates under the regulatory framework of the Warehousing Development and Regulatory Authority (WDRA). NeRL was promoted by major financial and market institutions including NCDEX, NABARD, ICICI Bank, and State Bank of India.

The company acts as a digital repository for warehouse receipts issued against commodities stored in WDRA-registered warehouses, helping farmers, traders, processors, banks, and commodity market participants securely transact and obtain financing against stored goods. Through its technology-driven platform, NeRL enables pledge creation, electronic transfers, traceability, e-auctions, and seamless integration with commodity exchanges and financial institutions. The platform significantly reduces risks associated with paper warehouse receipts such as forgery, duplication, bad delivery, and loss of documents.

NeRL has emerged as one of the leading players in India’s electronic warehouse receipt ecosystem, benefiting from increasing digitization of agricultural supply chains and the growing adoption of warehouse-based commodity financing. The company operates in a duopoly market alongside CCRL and has expanded its network across multiple states with thousands of clients, warehouses, repository participants, and banks/NBFCs connected to its ecosystem. With India focusing on agricultural infrastructure modernization and formalized commodity financing, NeRL is positioned as a critical infrastructure provider in the country’s agri-finance and warehousing ecosystem.