Jignesh Shah And His Plans For The Future

by Ankita Sehgal Freelance Blogger, Lives in New Delhi

Jignesh Shah is one of the top entrepreneurs in the country. He is the founder of 63 Moons Technologies Limited, formerly known as Financial Technologies (India) Limited. Over the years, his organizations designed and offered various solutions to the other sectors that helped in immense development in the country. Its growth helped in building international trade routes for India.

In the year 2013, Jignesh Shah faced a setback when one of his exchanges, National Spot Exchange Limited (NSEL) failed to return money to the investors. The total amount lost was 5600 crores which subsequently caught the attention of the probe agencies. Soon, NSEL was shut down and Jignesh Shah got dragged in the case. In 2018, the office and house of the entrepreneur were raided by the CBI in regard to the NSEL case. Many court cases are also proceeding against him. Overall, the NSEL case did more than a little harm to his business.

However, Shah did not step back from achieving his dreams. In one of his interviews, he said, “When the truth is on your side, you have to withstand all pressure. I have full faith in the judiciary, and I am convinced of getting justice.” He is still working hard and looking for opportunities to bring in development in the country.

In recent days, he took the task of mentoring start-ups that will one day become the future of India. His idea of growth starts with increasing employment that is of high quality. Many start-ups have huge potential but often fail to perform well due to lack of proper guidance. With his experience and knowledge, Mr. Shah plans to guide these start-ups in the right track.

His association with start-ups is already reflecting on the results of the organizations. On the website of JS Innovation Lab, it is stated that they are planning to enable ‘digital IP (Intellectual Property) routes’ by setting up 36 innovation labs in partnership with leading educational institutes, connecting global innovation hubs from Silicon Valley to Bengaluru and Tel Aviv to Tianjin. They have been organising multiple conferences to find potential entrepreneurs for Startup Networkz as well. But, will this attempt re-launch Shah or the NSEL case will stand in between Jignesh Shah and his plans with start-ups?