Federation of Madhya Pradesh Chambers of Commerce and Industry, Bhopal is a registered society under the Madhya Pradesh Societies Registrikaran Adhiniyam, 1973 with its registered office at Bhopal. It is a leading federation in the state of Madhya Pradesh. Presently, the federation is presided over by Shri Dr. Radha Sharan Goswami, who is the C.E.O. of Hind Pharma.

The basic objects of the federation is to promote, encourage, watch and protect the interest of trade, commerce, industries, transport, manufacture, finance, banking, insurance and all other mercantile and economic activities particularly in the state of Madhya Pradesh, and in India and globally in general.

Excellence is the core focus area. To spread and recognize excellence, the federation organize annual state level Outstanding Achievement Awards for Industries. The awards are given in the following categories
- Innovation \ R & D through Technology Award
- Women Entrepreneur of the year
- Self Employed Entrepreneur of Madhya Pradesh
- Maximum Employment Provider
- Outstanding Achiever for Export
- Import Substitute provider of the year
- Best Rural Enterprise of Madhya Pradesh
- Best CSR activist of the year
Besides, it also recognize the outstanding achievement in other field which contribute to the development of society like best industry association, eminent businessmen of the year, the eminent university of the state, highest commercial tax payer of the state