63 moons technologies ltd and its
multiple enterprises completely transformed the landscape of Indian financial
markets in less than a decade to take it to global standards in operations and
scale and size. Starting with the formation of 63 technologies, earlier known
as Financial Technologies India Ltd, that pioneered multi-asset-class trading
platforms in India that made Indian stock market industry indigenously
dependent on technology and trading solutions, the visionary work expanded into
creating some of the finest exchange infrastructure institutions that the world
has seen in the recent times.
Mr Jignesh Shah, promoter 63 moons
technologies, belongs to an unusual breed of businesspersons whose passion was
only to put India on the top of enterprise; make the country’s financial
markets the most significant one east of Suez; enable Indian businesses to
transact across international financial centres; enable real economy players to
harness the benefits of risk management through hedging and trading; create
jobs, incomes and sustainable livelihoods in an all-inclusive manner and
approach; contribute to the exchequer from the day one of operations of each
and every enterprise; nurture talent; build expertise; and in all this
endeavour create a brand for India that the nation can display with pride and
passion.
All the establishments of the Group
came from the singular purpose of creating value and jobs for the country. Most
of its key enterprises were regulated by one or more regulators. Some of the
best talent in the country and even from other countries were working for it.
When MCX, a commodities derivatives
exchange that it built with great passion, listed in 2012, a year that was one
of the toughest for stock markets – it mobilized subscriptions to the tune of
US$ 7 bn for an offer for sale size of just $132 million making it a record in
the Asia-Pacific region in that year. A feat that could never be matched by a
140-year-old stock exchange in India despite half a decade of its attempts to
list.
Read More - 63 moons’ strong connect to real economy
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