Jignesh Shah: The Man Behind Revolutionising India's FinTech

Jignesh Shah is a well-known figure in the international financial industry and the founder, chairman emeritus, and chief mentor of 63 Moons Technologies Limited, formerly Financial Technologies India Limited (FTIL). The team began by developing a digital trading platform.

One of the stated names when discussing the growth of the Indian FinTech sector is Jignesh Shah. The man comes from a middle-class family, but today he is counted among India's billionaires. The businessman's ground-breaking tactics changed millions of people's lives and gave India new chances. His goal of enhancing his wealth as a byproduct while advancing the FinTech industry and the quality of life for Indian citizens achieved significant achievement.

He was working at the Bombay Stock Exchange (BSE) when he launched Financial Technologies India Limited (FTIL), now known as 63 Moons Technologies Limited, and there he grasped the numerous prospects of the stock market. Soon after getting sufficient experience, he quit his job and popularised FTIL, which later served as a significant catalyst for the growth of the Indian FinTech industry. It offered numerous solutions for the banking industry and quickly rose to prominence in the FinTech sector.

Jignesh Shah founded numerous other exchanges, including Multi Commodity Exchange (MCX) and Indian Energy Exchange (IEX), all reputable businesses in their respective industries when FTIL was already running at its peak. His vision was to establish people-centric, all-encompassing market divisions and new-generation marketplaces. Several new international trade avenues were also opened up by foreign exchanges, including the Singapore Mercantile Exchange (SMX) and the Dubai Gold and Commodities Exchange (DGCX).

Jignesh Shah aspired to contribute to the nation's and its citizens' prosperity. He developed a Public-Private Partnership (PPP) model to expand India's influence to create cutting-edge financial institutions and contemporary IP-centric financial markets. Before our Prime Minister began his "Make In India" campaign, Jignesh Shah's FTIL had already created an ecosystem that explained its philosophy. He strongly emphasised raising skill levels and producing high-quality, environmentally responsible jobs. 

The PPP model has an approach to modernise the agricultural industry that will promote national integration and create a robust Indian market for goods and help farmers. A transparent trading market and electronic linkages were established, enabling people to trade actual commodities or spot trade to integrate all APMC mandies using this platform.

Organisations like FTIL and NSEL (National Spot Exchange Limited) are set up to lead the commodity market by lowering the cost of mediators and increasing marketing effectiveness.