Jignesh Shah’s Dream To Create Millions Of Jobs

The renowned business tycoon, Jignesh Shah, has not always been on the list of richest people of India. He once belonged to a bourgeois family and has made his way up to the top through hard work. After completing his Bachelors in Engineering, he was working at the Bombay Stock Exchange (BSE) where he fathomed the stock market procedures of the country. Like any visionary, he knew that the only one way he could live his dream was by being an entrepreneur. Soon he left the job at Bombay Stock Exchange and came up with Financial Technologies India Limited (FTIL), currently known as 63 Moons Technologies Limited.  Jignesh Shah’s unmatched and quintessential efforts soon made Financial Technologies India Limited an icon in the Indian financial market.  

Being from a middle-class family, he too knew the hardship one has to go through with getting a job. It was his dream to create new-generation markets and segments that are people-centric and have a comprehensive market structure. He wanted to adopt a model that while enriching himself, as a byproduct, should enable thousands of people, and the society itself, to create enormous wealth. Shah’s innovative strategies for the welfare of the country soon became successful and he then created numerous job prospects with help of Financial Technologies India Ltd (FTIL). 

Our Prime Minister, Narendra Modi, has come up with the ‘Make In India’ campaign according to which more emphasis on job generation and skill enhancement should be given in all the sectors of the economy. At the same time, high-quality standards should be maintained and it should be environment-friendly. Jignesh Shah had already created an eco-system that follows the ‘Make In India’ narrative, and where each of his initiatives is aimed towards the betterment of the society.

FTIL (Financial Technologies India Ltd.): FTIL has multiple trading terminals across the country, each employing around 2 to 3 individuals. At a given time around 3.5 lakh terminals ran FTIL’s ODIN software. This alone created close to 7 lakh jobs. 

MCX (Multi Commodity Exchange of India Ltd.): MCX has helped in creating a great number of jobs in the rural areas. In addition to the job creation in the exchange industry and trading-related activities, MCX has also spun off a number of jobs in the commodity market value chain.

NBHC (National Bulk Handling corporation): NBHC is considered to be the largest collateral management facility which created numerous jobs in the rural market. It has also helped to maximize the profit of the farmers by eliminating the middleman and providing the best possible price.

IEX (Indian Energy Exchange): IEX has helped in better pricing and distribution of electricity which led to the sustainability of small-scale industries thus creating more job opportunities.

Eco-system verticals: Various software verticals such as Ticker and Atom have helped in creating job opportunities across the value chain. FTKMC, setup for Knowledge Management and Skill Development, has provided a lot of youngsters with proper training that helped them find high-paying jobs.   

Other than these, Jignesh Shah has come up with a series of innovative exchanges like Singapore Mercantile Exchange (SMX), Indian Energy Exchange Ltd. (IEX), Dubai Gold and Commodities Exchange (DGCX) and Bourse Africa Limited (erstwhile Global Board of Trade), all of which are considered as respected institutions in their respective fields.

Jignesh Shah has always believed in giving back to the society and so he has taken many initiatives like the ‘Gramin Suvidha Kendra’ in association with India Post and ‘Pragati’ with Rotary International, that are driven towards the empowerment of the underprivileged communities with education and training. 

The perpetual devotion towards the welfare of the country by the first generation entrepreneur, Jignesh Shah, did not go unrecognized. He has been listed among the 'Dominant Financial & Futures Industry Leaders for 2008' by Futures Industry Association (FIA), Washington, featured among the 'Top 30 Global Innovators in e-finance' by Institutional Investor in 2008, and was awarded the ‘Indian Express Innovation Award’ by the then President, late Dr. A. P. J. Abdul Kalam. Besides these, he is also considered among the ‘Top 20 Indians’ who can change the face of world business by CLSA and has been honoured with the ‘US-India Businessman of the Year’ award. He has been chosen by the World Economic Forum (WEF), Geneva, as a ‘Young Global Leader’.  

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Created on Sep 13th 2018 01:50. Viewed 542 times.

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