Thursday 22 June 2017

A Revolutionary Vision That Steered Market Modernization | Jignesh Shah

Jignesh Shah, a visionary innovator, and entrepreneur saw boundless opportunities in unchartered areas and used his penchant for innovation to set up a technology driven company with a prime focus on financial and exchange markets.

It’s this vision of Jignesh Shah that elevated 63 moons Technologies Limited (formerly known as FTIL) into becoming the ecosystem for electronic, organized and regulated financial markets for new asset and investor classes. Earlier, such markets were economically unviable to be served by traditional markets.

ODIN, MCX, NBHC, DGCX, MCX-SX, IEX, atom, Ticker etc. are a few ventures pioneered by JigneshShah that became global leaders in financial and technological innovations. These endeavors contributed to the eco-system and the organized markets in due course.

One of the main contributions of 63 moons technologies limited was to channelize the unorganized markets and bring transparency and cost-effectiveness in the markets, thus enabling a substantial revenue generation model which otherwise was getting lost in the organized markets. JigneshShah’s contributions had a tremendous impact on the business ecosystem.

Listed below are a few highlights of his vision. All the ventures are extremely job-oriented, revenue generating and employment intensive. Commodities exchange and ecosystem have created a huge network of multiple players in the economy with plenty of opportunities of profitable business and sustainable incomes. According to a study by Tata Institute of Social Sciences (TISS), MCX, ranked No 2 globally, alone generated more than a million jobs in the commodities ecosystem. The Gramin Suvidha Kendra was set up with a special focus on rural areas. It helped expand the reach and access of the commodity exchange benefits to farmers and other producers in the rural areas. The international exchange institutions enabled India to attain a remarkable position on the world map of global finance.


63 moons technologies limited is the first Indian company that has been invited by governments in international financial centers such as Dubai, Mauritius, Bahrain, Africa and Singapore for setting up multi-asset class market exchanges.

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