A true ‘Make In India’ story that generated a millions jobs

63 moons technologies limited is a true ‘Make In India’ story that generated a millions jobs, incomes and crores of sustainable livelihoods through tech-innovative entrepreneurship. The company, formerly known as FTIL, brought a change in the brokerage technology solutions by introducing the cutting-edge ‘ODIN’ solution that revolutionized the Indian financial markets. Brokerage Technology Solutions is the pioneer in providing end-to-end solutions for Brokers in Indian as well as in International Markets. Brokerage Technology Solutions suite comprises Front Office, Middle Office, Back Office Clearing, Settlement, Accounting and Messaging Solutions. Exchanges and ecosystem ventures of the 63 moons group have been revenue generating and employment intensive.

63 moons has always been very keen on the changing trends in the financial markets and has always made sure to keep a track and successful implementation of the same to succeed in the long run. ODIN is result of the same thought process and is successful even today and enjoys a great market share.

When the nation just started getting into online financial trading systems, 63 moons pioneered the finest trading system ODIN for the country. This was one of the great innovation so far and this innovation was a cost-effective brokerage technology solution that enabled trading of securities in India. ODIN has the distinction of being the No 1 trading software with over 80% of market share.

ODIN has also opened up various APIs to support real-time integration with 3rd party products for Order Management System / Back-Office / Middle-Office / News & Analytics / Charting Tools / Client Risk Management / Portfolio Management System, etc. and is now looking at Open Architecture-based design to provide modular expandability with similar designs.

63 moons is credited in terms of bringing the much needed transformation in the exchange markets. 63 moons main vision is innovation, which helps the Indian financial market in many ways.

63 moons have always found solutions that not only empowered market systems, but which also contributed to product innovation, skill development, job creation, and generation of sustainable incomes for one and all, especially small investors and stakeholders in semi-urban and rural areas.

 The vision materialized into world-class institutions that were built by competitive leadership and an effective management team. 63 moons changed the dynamics of the Indian financial markets by enabling trade routes within India through trading technology for financial exchanges. Some of the technology benefits that 63 moons offers are: developed cost-effective technologies, low-cost real-time information dissemination, and innovative payment solutions.

To read more :- A Social busnicess enterpreneur

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Empowering Indian financial markets: 63 moons tech

63 moons technologies developed a strong connect with physical markets and real economy. It brought about 360-degree financial market development covering equities, bonds, currencies and commodities with extensive ecosystem to provide support of information, payment and settlement solutions, knowledge management and financial literacy and education.

63 moons technologies set up high-tech exchange institutions in leading international financial centers, making India the first exchange industry MNC. It created extensive ecosystem of institutions to support the financial markets in the form of separate subsidiaries for warehouse and collateral management, real-time information, mobile payment systems, which are all vital for the sustained growth of domestic financial markets.

Some of the technology products like ODIN have created social benefits and have successfully contributed towards the nation are: Employment opportunities across the country, increased scope for self-employment opportunities, financial access to local communities, increased participation of local talent and expertise. Growth of local entrepreneurship and most importantly benefits flowing into local community.

63 moons revolutionized the way to interact with your clients by introducing ODIN Bot (Build operate transfer). ODIN Bot is an automated chat Bot which can respond to chat based queries which makes it more convenient for the concerned parties. It provides information like news, portfolio holdings, market price, ledger balance, last transactions and it also transacts into multiple systems to setup alerts, notifications, purchase, redeem, etc.

The application is cloud based and it uses technologies like artificial intelligence, natural language processing and machine learning to deliver customer delight.

One of the best feature that it offers is, it saves costs by eliminating dependence on customer care executives as it offers a feature to directly interact with clients through chat based queries.

The second-best feature of this product is its consistency. Chat bot can work consistently and continuously without the need of a break.

63 moons always focused on introducing such efficient and convenient products which definitely helps in empowering the Indian financial market.

Also, in a very short span of time, 63 moons through its inventive planning and innovative product range, emerged as a leading financial market infrastructure group in India. All the exchanges and ecosystem ventures developed by the 63 moons group are India-centric with all operations conducted by Indians in India with the benefits flowing to India. Exchanges and ecosystem ventures of the 63 moons group have been revenue generating and employment intensive.

To Read more :- Steller Contributions of-63 moons tech

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63 moons tech: A Tech evangelist’s dream for India

Jignesh Shah, an entrepreneur turned innovator, established 10 exchange ventures across the country and abroad, within a short span of 10 years. Mr Shah, being an expert in the financial market infrastructure conquered new heights across the globe through his ventures. Shah’s most significant contribution to the markets is that he crushed the monopoly and democratised the markets to all.

A decade ago, the Indian financial markets passed through a fascinating phase as it witnessed tremendous growth opportunities. The markets were booming and increased use of modern technology in the financial industry filled the void of inaccessibility to financial services to all in the country.

Applauded by global think-tanks as a pioneer in developing the financial markets, Jignesh Shah ensured inclusive growth from the top to bottom of the pyramid. For example, the launch of MCX had all stakeholders including the farmers from different villages across India contributing to the development of the commodities market. Shah's vision was such that he launched India's largest warehouse and collateral management facility, the National Bulk Handling Corporation (NBHC), so that farmers could store their products and enjoy the price advantage of the supply and demand chain.

It was a dream come true to the ‘Innovator of Modern Financial Markets’ Jignesh Shah. His vision was cherished, nurtured and developed through 63 moons technologies limited (formerly, Financial Technologies (India) Limited). Earlier, the rural-urban divide as well as poor market infrastructure had created a wedge between India and other global markets. 

The use of fintech has transformed the way businesses are carried out in the global financial markets. The ability of the new technology to capture and process data in real time is changing the work process and is taking them to new heights.  How products and services are conceived in the new economy and the way consumers participate in this process have evolved considerably in the past few years Convenience, speed and transparency are the major factors that fintech firms are leveraging to capitalise on the Indian economy.

 63 moons through its next-generation technology ventures, innovations, platforms, and solutions placed India on par with global markets.

       
            Read more :- 63 moons - the fintech per excellence

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A social business entrepreneur: Jignesh Shah

63 moons technologies has always had an approach of 360-degree financial market development covering equities, bonds, currencies and commodities with extensive ecosystem to provide support of information, payment and settlement solutions, knowledge management and financial literacy and education.

The Group, led by Mr Jignesh Shah, focussed on creating newer types of jobs and vocations and building new market segments.  It pioneered growth in several market segments in India, including commodities, currencies, and energy and brought in efficiencies in practices and processes on a proactive basis.

63 moons opened a gateway for Indian businesses to explore opportunities in Asia, Africa and the Middle East. With a vision to make India a major international financial centre, it witnessed development of an extensive financial markets infrastructure with Indian enterprise and entrepreneurship.

The company takes pride for coming up with cost-effective products and solutions in real-time information and mobile payments so vital for financial markets, exclusive facilities for developing knowledge and skill-sets in financial markets operations, and for its extensive contribution to promote financial education, financial literacy and special programmes for the less privileged.

Read more:- 63 moons tech’s contributions to Exchange markets

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63 moons technologies: Creating value for nation-building

63 moons technologies, led by the visionary Jignesh Shah, has always had a strong connect with physical markets and real economy. This commodities exchange and ecosystem created a huge network of players in the real economy with opportunities of gainful business and sustainable incomes.

All of Mr Jignesh Shah’s exchanges and ecosystem ventures were job-oriented, revenue generating and employment intensive and also created newer types of jobs and vocations.

A national study showed creation of a million jobs by MCX alone with its extensive connect with the real economy players.

The 63 moons technologies Group made significant contribution to the tax revenue without seeking any subsidies or tax reliefs like the IT sector. The operations of the exchanges and ecosystem institutions generated a number of taxes, such as sales tax, income tax, VAT, STT and CTT.

Rural Focus

Gramin Suvidha Kendras were set up, in collaboration with India Post, to expand the reach and access of the commodity exchange benefit to farmers and other producers in the rural areas.

The 63 moons technologies Group’s international ventures put India on the world map of global finance. The Group’s exchange development strategies have become case studies for emerging markets.

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63 moons – the fintech par excellence

The distinction that visionary Jignesh Shah brought to the Indian markets is to create new vistas in market development strategies, build capacity, innovate in product offering and adopt an inclusive approach.

Though every market segment that he nurtured and developed was new to Indian markets, he made it successful in terms of scale and significance. Be it the trading platform ODIN that revolutionized stock trading in India or commodities exchange that was the first to reach global league tables within a short time or energy exchange, one of the most innovative and needed intervention that benefited scores of SMEs, or the pursuit of international exchanges by any exchange group in India.

While growth was the prime objective, touching the core of the real economy and making the development process inclusive are all embedded in the business philosophy that made all his ventures stand out from the crowd. It is this passion that saw him growing from a start-up entrepreneur in the late 1990s to that of a major change agent and an institution builder.

63 moons technologies has been instrumental in creating and changing the landscape of various market segments and building global size and

significance. Most of the market infrastructure that was created was in

greenfield ventures with FTIL vision making each of these ventures into

markets of national importance.

63 moons designed and developed cost-effective and customised real-time

information and data analytics to meet the emerging requirements of

small businesses to big corporates. It developed electronic payment platforms and solutions that became a basis for the growth of E-Commerce and mobile payment systems. It also developed domain knowledge solutions across all the major market segments and conducted professional courses and programmes, certification examinations and skill tests.

It was the first exchange group in India in the private sector to sign up for Right to Information Act. 63 moons was also the first major software product company in India with proprietary products that were introduced in India for the first time.

63 moons enabled companies to procure power on competitive rates through open access to exchange trading, thereby reducing dependency on expensive,

single-source boards.

Read More:- WHEN TECH MEETS SOCIAL

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The impact of 63 moons technologies on Indian ecosystem

63 moons technologies, led by the visionary Jignesh Shah, has always had a strong connect with physical markets and real economy. This commodities exchange and ecosystem created a huge network of players in the real economy with opportunities of gainful business and sustainable incomes.

All of Mr Jignesh Shah’s exchanges and ecosystem ventures were job-oriented, revenue generating and employment intensive and also created newer types of jobs and vocations.

A national study showed creation of a million jobs by MCX alone with its extensive connect with the real economy players.

The 63 moons technologies Group made significant contribution to the tax revenue without seeking any subsidies or tax reliefs like the IT sector. The operations of the exchanges and ecosystem institutions generated a number of taxes, such as sales tax, income tax, VAT, STT and CTT.

Rural Focus

Gramin Suvidha Kendras were set up, in collaboration with India Post, to expand the reach and access of the commodity exchange benefit to farmers and other producers in the rural areas.

The 63 moons technologies Group’s international ventures put India on the world map of global finance. The Group’s exchange development strategies have become case studies for emerging markets.

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63 moons tech created world class markets

Whenever an individual turns an entrepreneur, his risk-taking ability and unflinching faith in his own ideas, are the most talked about traits among young aspiring entrepreneurs as well as fellow businessmen in the industry. The distinction that visionary Jignesh Shah brought to the Indian markets is to create new vistas in market development strategies, build capacity, innovate in product offering and adopt an inclusive approach.

Though every market segment that he nurtured and developed was new to Indian markets, he made it successful in terms of scale and significance. Be it the trading platform ODIN that revolutionized stock trading in India or commodities exchange that was the first to reach global league tables within a short time or energy exchange, one of the most innovative and needed intervention that benefited scores of SMEs, or the pursuit of international exchanges by any exchange group in India.

While growth was the prime objective, touching the core of the real economy and making the development process inclusive are all embedded in the business philosophy that made all his ventures stand out from the crowd. It is this passion that saw him growing from a start-up entrepreneur in the late 1990s to that of a major change agent and an institution builder.

63 moons technologies has been instrumental in creating and changing the landscape of various market segments and building global size and significance. Most of the market infrastructure that was created was in greenfield ventures with FTIL vision making each of these ventures into markets of national importance.

63 moons  designed and developed cost-effective and customised real-time information and data analytics to meet the emerging requirements of small businesses to big corporates. It developed electronic payment platforms and solutions that became a basis for the growth of E-Commerce and mobile payment systems. It also developed domain knowledge solutions across all the major market segments and conducted professional courses and programmes, certification examinations and skill tests.

It was the first exchange group in India in the private sector to sign up for Right to Information Act. 63 moons was also the first major software product company in India with proprietary products that were introduced in India for the first time.

63 moons enabled companies to procure power on competitive rates through open access to exchange trading, thereby reducing dependency on expensive, single-source boards.

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Steller contributions of 63 moons tech

63 moons is rightly acclaimed for bringing in the much needed transformation in the exchange markets. 63 moons has always believed that tech innovation is the key to the development of Indian financial market on a global scale. 

All its innovations have been guided by the spirited thought that if a corporate entity does not involve at least a 100-crore people in a land of 125 crore, its presence and growth has little significance. 

There were several billion-dollar companies in the stock market that did not impact the masses the way they should. This idea of innovation & growth has been the main philosophy of 63 moons which helped it to attain the niche position in the market full of competition.

It’s 63 moons technologies’ stellar contribution that positioned India among the top in the world in financial markets infrastructure business.

Also, in a very short span of time, 63 moons (formerly FTIL), through its inventive planning and innovative product range, emerged as a leading financial market infrastructure group in India. All the exchanges and ecosystem ventures developed by the 63 moons group are India-centric with all operations conducted by Indians in India with the benefits flowing to India. Exchanges and ecosystem ventures of the 63 moons group have been revenue generating and employment intensive.

The Group also came out with cost-effective products and solutions in real-time information and mobile payments so vital for financial markets. It developed an extensive financial markets infrastructure with Indian enterprise and entrepreneurship and made India a major international financial center.

Read More - 63 moons tech impacted large scale growth in Indian markets

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The social impact of a fintech giant

63 moons technologies, earlier known as Financial Technologies India Limited, with the help of its biggest asset, tech innovation and skilled workforce, has been instrumental in creating and changing the landscape of various market segments and building global size and significance. 

The entry of 63 moons into the exchange space brought competition that benefitted the stakeholders enormously. 63 moons put up efficient alternatives that had very positive impact on growth and productivity.

63 moons transformed the landscape of Indian Financial Markets in less than a decade, realized its dream of ‘Make in India’ by taking Indian innovations to global standards in terms of operations, scale and size. 

It was way in the 1990s that 63 moons adopted and implemented the vision of ‘Make in India’ to put India’s footprint on the global map. 63 moons has always believed in empowering India with the presence of robust markets systems and simultaneously aimed at creating more skills and jobs.

 All its ventures created more than a million job opportunities and generated massive revenue for the nation which is a big achievement.

In a very short span of time, 63 moons through its inventive planning and innovative product range, emerged as a leading financial market infrastructure group in India. All the exchanges and ecosystem ventures developed by the 63 moons group are India-centric with all operations conducted by Indians in India with the benefits flowing to India. Exchanges and ecosystem ventures of the 63 moons group have been revenue generating and employment intensive.

Some of the technology products like ODIN have created social benefits and have successfully contributed towards the nation are: Employment opportunities across the country, increased scope for self-employment opportunities, financial access to local communities, increased participation of local talent and expertise, growth of local entrepreneurship and most importantly benefits flowing into local community.

Read more - MANAGING RISK THE RIGHT WAY

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63 moons tech’s contributions to Exchange markets

63moons technologies ltd. always tries to set a shining example for its vision and success. The group is one the fastest growing technology operator from India.

Some of the technology products like ODIN have created social benefits and have successfully contributed towards the nation are: Employment opportunities across the country, increased scope for self-employment opportunities, financial access to local communities, increased participation of local talent and expertise. Growth of local entrepreneurship and most importantly benefits flowing into local community.

63 moons technologies is a global leader in providing next generation technology innovations, platform, solutions like ATOM which is Payment Gateway, for creating digital markets and marketplaces that enables price discovery and transaction efficiencies across the industry segments.

Some of the Technology benefits that 63 moons offers are: developed cost-effective technologies, low-cost real-time information dissemination, and innovative payment solutions.

63 moons always ensures the strong connect with physical markets and real economy. 63 moons technologies and its ecosystem have created a huge network of players in real economy with opportunities of gainful business and sustainable incomes.

The company is among the global leaders in offering technology IP (intellectual property) and domain expertise to create and trade on next- generation financial markets, that are transparent and efficient.

63 moons’ focus has always been towards providing technology solutions, building user-friendly platforms, and creating digital marketplaces in India and abroad, thus taking India to the international markets.

The fin tech major is a world leader in providing next generation technology ventures, innovations, platforms and solutions for creating digital markets and marketplace that enables transaction efficiencies across industry segments.

The risk solution division of 63 moons provides highly secure software applications which are categorically designed as risk management system to the banking financial services and insurance (BFSI) sector in the area of information management.

Risk solutions product suites comprises of:

1)      Data collector, which is a web based application software that would help regulators in efficient collection of information from downstream regulated entities. This software will enable the users to take informed and timely decisions.

2)     Riskalculator, this is a web-based Risk management application which comprises of modules such as ADF, Market Risk, Operational Risk, ALM and Credit Risk.

 The growth story of 63 moons tech is about empowering people which it has achieved to a great extent.

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A STELLAR OFFERING

63 moons technologies limited has always worked towards setting a shining example for its vision and success. The group is one the fastest growing technology operators from India.

Some of the technology products like ODIN have created social benefits and have successfully contributed towards the nation by generating employment opportunities across the country, increasing the scope for self-employment, providing financial access to local communities and increasing participation of local talent and expertise. Not forget the growth of local entrepreneurship, the benefits of which flow into the local community.

63 moons technologies is a global leader in providing next-generation technology innovations, platform and solutions like ATOM, a payment gateway, for creating digital markets and marketplaces that enables price discovery and transaction efficiencies across the industry segments.

Some of the technology benefits that 63 moons offers are developed cost-effective technologies, low-cost real-time information dissemination, and innovative payment solutions.

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WHEN TECH MEETS SOCIAL

One of the fastest growing financial technology leaders in India, 63 moons technologies has been instrumental in providing tech innovations, platforms and solutions for digital markets to enable price discovery and transaction efficiencies across industry segments. By building user-friendly financial platforms and digital marketplaces in India and abroad, 63 moons has been able to place India on the global map of financial markets.

Besides disrupting the market with state-of-the-art financial products, 63 moons’ tech products have been a key driving force in creating social impact by providing financial access to local communities, increased participation of local talent in the markets, generating employment opportunities across the country and also increasing the scope of self-employment and local entrepreneurship.

Through its flagship programme ODIN—a platform for brokers—and next-generation solutions such as ATOM—a payment gateway—63 moons has focussed on providing cutting edge technologies for best performance and an impeccable user-experience.

While ensuring a strong connect between the physical markets and the economy, 63 moons focuses on developing cost-effective technologies, dissemination of low-cost and real-time information as well as innovative payment solutions. 63 moons technologies and its ecosystem have created a huge network of players in real economy with opportunities of gainful business and sustainable incomes.

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63 moons: The leader in financial technology innovation

A leader in technology, 63 moons has played a remarkable role in the Indian financial and exchange system and enjoys the distinction of being the only entity in India to set up 10 world-class exchanges institutes covering all the asset classes including equity, debt, currency, commodities and energy along with an extensive ecosystem of supporting institutions in India and abroad.

It enabled tech-centric market systems that democratized markets and provided technology solutions and trading platforms to the Indian financial market infrastructure. The company is renowned all over the world for the innovative and ground-breaking work it has done in the creation of state-of-the-art, modern and people-centric financial markets.

63 moons founder and now Chairman Emeritus Mr. Jignesh Shah set-up state-of-the-art exchanges of global scale and significance, provided training in trading to lakhs of people, leading to employment, digitized the whole transaction process chain across various platforms and set a new standard and showcased India by creating successful exchanges.

63 moons has a good and running technology business, in which it is regarded as a pioneer and stands as a global leader even today. To empower the vision of “Start-up India” and “Digital India”, the group is on its way to carve the future through innovation and technology in the emerging Digital India space.

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Jobs, incomes and sustainable livelihoods, all made in India

63 moons created millions of jobs, livelihood and each of its venture is a big contributor to the society.

It created markets relevant to the real economy of India and its players. It generated jobs, incomes and self-employment opportunities across India and made the world notice and respect the Indian exchange industry.

63 moons technologies created 360 degree market infrastructure without Government support. Its exchanges paid taxes from day one of operations. It went on to open new vistas of revenue generation for government

In every field or market segment it created or entered into, it disturbed the status quo and ushered in innovation and new-found growth.

Each and every venture of 63 moons is started with a purpose to make India strong, to generate more and more jobs, to create skills and expertise and to lead to the social good of nation.

The Group built new market segments and pioneered growth in several market segments in India, The Group Exchanges created a vast network of players in the real economy with prospects of lucrative business and sustainable incomes.

63 moons vision is to create a strong market infrastructure, of global standards, along with introducing product innovation and process management that would enhance the standing of India to benefit domestic businesses and generate jobs.

Jobs, incomes and sustainable livelihoods, all made in India.

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