It was in 1990 that a young man joined the Bombay Stock Exchange with dreams to make it big. He started off as an assistant manager on one of the biggest projects of his times, BOLT, and there was no turning back thereafter.
He traveled to 12 countries with a fellow colleague and learned the ropes of his trade. Four years later, he started his own software company that provided software solutions to capital markets.
He was the force behind ODIN which was a path-breaking front-end brokerage solution that today has a hold of over 80% of the world market. He was also the thrust behind the third-largest exchange in the world set up in a record time of 9 months. In the race of acquiring a license for this exchange, the man turned the tables every way possible and left its former employer- BSE.
He had created international exchanges in an era when no one knew what 'Make in India' was. It was the sight of his vision that Gramin Suvidha Kendra, an award-winning initiative that made farming sustainable for a marginal farmer, saw the light of day.
In 2005, he created an exchange, the course in this context, which has been a talking point for various reasons in the Indian ecosystem. For those of you who have still not guessed it-the man here is Jignesh Shah and the course is National Spot Exchange. The software company he started is known to us by the name of Financial Technologies India Limited and the colleague was Dewang Neralla.
Shah changed the way exchanges in India operated. Today, he is in the middle of fighting his way out of the much talked about NSEL issue. A large part of the industry stands by him when he is a lone voice against the executive overreach-the main issue in the NSEL-FTIL controversy.
The Innovator in him refuses to quit and he is confident of bouncing back with something new in his pipeline.
For more information check 63 Moons.
For more information check 63 Moons.
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