Jignesh Shah: The Revolutionary Entrepreneur

by Ankita Sehgal Freelance Blogger, Lives in New Delhi

While mentioning the Indian financial markets, Jignesh Shah is one of the names that can never be forgotten. From scratch, he built an empire that brought in tremendous growth in the financial markets. His exchanges generated millions of employment opportunities and impacted various other sectors of the country. Many solutions provided by the exchanges include Exchange Technology Solutions, Brokerage Technology Solutions, and Risk Solutions that have facilitated trading immensely on various platforms. Of all the sectors, the banking sector witnessed tremendous growth and development.

Jignesh Shah started his career at the Bombay Stock Exchange (BSE). While working there, he wanted to create new-generation markets and segments that are people-centric and have a comprehensive market structure, and establish a Public-Private Partnership (PPP) model to build world-class financial institutions and modern IP-centric financial markets to extend the reach of India. After understanding the various opportunities in the stock market, he resigned. Later, he launched Financial Technologies India Limited, currently known as 63 Moons Technologies Limited.

Jignesh Shah is a first generation entrepreneur who aims towards the empowerment of the citizens and development of the country. He built an ecosystem that represented the ‘Make in India’ campaign. Much before Narendra Modi introduced it, FTIL was already focusing on offering high standard environment-friendly jobs and skill enhancement. This helped in immense development in the employment sector.

FTIL’s flagship product, ODIN, captured the second largest market share in the trading terminal segment. Nearly, 25 lakh people got employed from this initiative. Multi Commodity Exchange of India Limited (MCX), MCX Stock Exchange Limited (MCX-SX), and Indian Energy Exchange (IEX) are some of his exchanges that increased job prospects across the country. Foreign exchanges like Singapore Mercantile Exchange (SMX), Dubai Gold and Commodities Exchange (DGCX) and Bourse Africa Limited (erstwhile Global Board of Trade) granted international trading routes.

Jignesh Shah has always been dedicated to Corporate Social Responsibility activities. Under him, the ‘Gramin Suvidha Kendra’ in association with India Post, and ‘Pragati’ with Rotary International were launched. They are focused towards the empowerment of underprivileged communities with education and training.