Jignesh Shah applauds ‘Make in India’; says agri-based industry to uplift economy

 

When Prime Minister Narendra Modi announced the ‘Make in India’ programme in 2014, India was abuzz with hope that the country’s industrialisation and manufacturing prowess would pick up quickly. He called for a focused effort to make India a USD 5 trillion economy. Accoding to Modi the strong absorbent capacity of Indian economy shows the strength of basic fundamentals of the country's economy and its capacity to bounce back. 

The Prime Minister said that the sectors like tourism, urban development, infrastructure and Agri-based industry have a great potential to taking forward the economy and for employment generation. The Prime Minister said that this would also foster a positive mood and 'can do' spirit in the society," it said. India is a land with unlimited possibilities, he said and stressed that all stakeholders to do their bit to bridge the gap between reality and perception. 

Like PM Modi, fintech innovator Jignesh Shah's efforts too have been to help upcoming entrepreneurs build a strong economy of the country. Jignesh Shah created new-generation markets and segments that are people-centric and have a comprehensive market structure. Start-up Industry has a lot of potential, but it will be able to see long term success, if the first-generation entrepreneurs like, Jignesh Shah is able to provide the desired impetus and momentum to this industry with his robust leadership. He wants to make India a powerhouse in financial technology and exchanges and related ecosystem development. The idea was borne out of the untiring efforts of Jignesh Shah and his colleagues. An engineer by education, an entrepreneur by aspiration, and an evangelist by interest for financial markets development, his numerous efforts and endeavours led to the state of the financial market infrastructure that India could take pride in. His contributions had an immense impact on the growth and development of the financial sector and unveiled a different side of India in front of the world.

Also Read : Agriculture sector attracts me : Jignesh Shah

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Jignesh Shah's story of evolution through organic growth

 

After coming to power and assuming office in 2014,  Narendra Modi announced the Make In India initiative. The major objective of the initiative was to focus on job creation and skill enhancement in 25 sectors of the economy. But just about decades before this initiative, one first generation entrepreneur had the same vision, and over the course of a few years he managed to not only realize this vision, but far exceed it. The man who went on to be more popularly known as the "Exchange Man" of India is not only one of the most successful Make India Stories in recent times, but Jignesh Shah has inspired many more like himself to continue to dream and achieve.

Jignesh Shah's story evolution through organic growth began in the early 90's when he pioneered ‘Make in India’ technology for trading in financial exchanges across multiple asset classes. Today 63 moons, the company he founded is  #2 leader globally by licensing volume. 63 moons operates the largest financial distribution network in India through its ODIN suite of trading terminals with close to one million licensees across 600 cities, towns and villages.

Next Jignesh Shah set his sights on creating green field financial markets and ecosystem ventures across India, Middle East, Africa and SouthEast Asia. The result of his relentless pursuits led to the Multi Commodity Exchange of India Limited (MCX), Singapore Mercantile Exchange (SMX), Indian Energy Exchange Ltd. (IEX), Dubai Gold and Commodities Exchange (DGCX) and Bourse Africa Limited (erstwhile Global Board of Trade, Limited); which are amongst the most renowned institutions in their respective regions.

This organic growth story did not stop with just technology for trading and setting up of Exchanges. Jignesh Shah's vision also included transforming the entire commodity trading ecosystem. His aim was to revolutionise all the tertiary businesses that included warehousing, collateral management, bulk handling, information vending, digital payments as well as developing the spot market to ensure an underlying trading system for financial markets. With companies such as NBHC, Tickeplant, Atom and many others, Jignesh Shah's vision of evolution had reached the next milestone. Over the course of about a decade, Jignesh Shah's institutions went on to provide over a million jobs and opportunities, paid over 2000 crores in taxes and paid a dividend to its shareholders for 38 quarters straight. A true success story of evolution through organic growth.

Also Read : Modi assurance & Jignesh Shah’s vision unite as India dreams big

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Agriculture sector attracts me : Jignesh Shah

 

Jignesh Shah is a maverick entrepreneur who defied convention and competition to create institutions such as MCX, Singapore Mercantile Exchange, Dubai Gold and Commodity Exchange, IEX. These have been bought by global investors such as the NYSE Group and the Government of UAE.

Talking about his future plans, Jignesh Shah said that this time he wants to focus on the start-up ecosystem, since he believes that startup ecosystem wouldn’t be restricted to any exchange or marketplace at all. He said his focus will be more on nurturing and inspiring entrepreneurs on varied scales including agriculture, genetics and robotics in which he would play the role of a mentor because he feels that it will be a diverse structure with an understanding of entrepreneurship.

Shah is known for his innovative zeal, entrepreneurial aggression, and a distinct vision which can scale up markets, be it start-ups or any other industry with the focus on creating huge employment and value for all stakeholders.

We created 10 lakh jobs through our exchanges during a period of ten years (2003-2013). But entrepreneurship is 100-times bigger opportunity than what I had in the exchange space and it won't be wrong to say that we can create minimum 1 crore jobs and up to 10 crore jobs in the next 10 years through this start-up ecosystem," he said.

Asked to explain what kind of 'ecosystem' he wishes to create and what areas those startups would work in, 52-year-old Shah, who hails from Gujarat and started his career as an engineer before setting up Financial Technologies in his early 20s, said it would not be limited to the areas of technology and financial markets. 

"It can be in agriculture, which attracts me the most today, it can be in genetics and it can be in robotics also. There won't be any constraints," he said.

Also Read : Modi assurance & Jignesh Shah’s vision unite as India dreams big

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Modi assurance & Jignesh Shah’s vision unite as India dreams big

 

Expectations from India are not only from within the country, but even in the context of global growth and development a lot is expected from our country. Prime Minister Narendra Modi said that the private sector must continue to believe in the India story, assuring that he will do his best to make India a better place to do business. Viewed in a global context, investors can be assured that India is the best destination in the world, assures Modi.

According to Modi this country and people of India have everything in them to achieve higher goals and higher objectives. He expressed his confidence that 1.3 billion people comprising millions of farmers, lakhs of industrialists, hundreds and thousands of young entrepreneurs and start-ups, women, through their collective endeavour, will take us there. PM Modi's vision and initiatives are being lapped up by the industry. Innovators like Jighesh Shah have fully supported Modi in these ventures. Jignesh Shah's contributions have had an immense impact on the growth and development of the financial sector.

Jignesh Shah's contributions have had an immense impact on the growth and development of the financial sector.  Jignesh Shah's dream was to create new-generation markets and segments that are people-centric and have a comprehensive market structure. He wanted to establish a public-private partnership model to build world-class financial institutions and modern IP-centric financial markets to extend India’s reach. While enriching himself as a by-product, he wanted to empower the nation by providing job opportunities to millions of people. His idea of developing the nation was by providing employment to its citizens that were not only of high-standards but environment-friendly as well. Before our Prime Minister, Narendra Modi, introduced his ‘Make in India’ campaign, Jignesh Shah was already following a strategy that reflected its ideologies.

His dream was to create new-generation markets and segments that are people-centric and have a comprehensive market structure. He wanted to establish a Public-Private Partnership (PPP) model to build world-class financial institutions and modern IP-centric financial markets to extend India’s reach. While enriching himself as a by-product, he wanted to empower the nation by providing job opportunities to millions of people.

Also Read : 63 moons tech created a wave in exchange markets

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Jignesh Shah: Powering trade for brokerages - every step of the way

Over the last decade, the contours of the financial markets are expanding with the advent of new technology, innovations in products and fast changing customer expectations. The Indian financial services sector comprises a good blend of domestic and foreign participants. Opening up of the financial markets has resulted in competition and greater efficiency.

Jignesh Shah, whose name is synonymous with ‘Innovations’ in the Indian financial markets, has made the brokerage technology solution ‘ODIN’ the 'de facto' name in the capital markets . The evolution has spanned over Brokerages & Exchanges across continents, right from Africa, to Middle-East, to South-East Asia.

With a history of innovations and pioneering solutions, his flagship products have been powering Brokerages to deliver seamless trading solutions to millions of investors. The robust technology stack, backed by deep domain knowledge has enabled his company 63 moons technologies to deliver a comprehensive multi-exchange, multi-asset, and multi-segment offering suite across front, mid & back office. The high-performance stack has high integrability, scalability and is rapidly deployable globally.

Jignesh Shah's foresight and complete belief in capabilities of technology and the impact it can deliver drove him to deploy the best in automation, artificial intelligence, cloud computing, machine learning & natural language processing, to bring a whole host of innovations, helping Brokerages rethink the future. The resulting solutions are driving a rapid shift towards mobility, analytics, stricter compliance, actionable research, robotics, process automation, leaner organizations, and catering to changing customer expectations & demographics.

63 moons is one of the few companies that caters to every step of the trading life cycle including 

- Online on-boarding of clients with KRA or Adhaar integration, remote IPV, bio-metric verification and digital signing of documents, EKYC

- Componentized, scalable Broking software with high-performance Order Management Systems and comprehensive Risk Management Solutions for high throughput, ultra low-latency trading

- Intelligent desktop trading applications, web trading portal and market-leading mobile trading application, catering to offline and online trading needs of multiple user types

- Advanced charts, arbitrage watch, VOA, screeners, expiry strategy, news and other tools, enabling informed decision making for varied investment styles

- Comprehensive suite of back office, post-trade transaction processing and digital document signing solutions, for end to end transaction settlement

- Specialized on-demand IT infra & facilities management service with enhanced security, efficiency and accessibility

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Jignesh Shah: The man behind Evolution of Financial Markets in India

At a time when the Indian financial market infrastructure needed solutions for global integration, along with bridging the rural-urban divide, it was the path-breaking vision of Mr. Jignesh Shah, founder and now Chairman Emeritus, 63 moons technologies limited, that went beyond the traditional market structure to set up world-class stock & commodity trading systems. Jignesh Shah has 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 journey of such a visionary materialised into world-class institutions that were built by competitive leadership and an effective management team. 

Jignesh Shah changed the dynamics of the Indian financial markets by enabling trade routes within India through trading technology for financial exchanges. His group was the only Indian company to have established electronic silk & spice routes across continents right from Africa, to Middle-East, to South-East Asia. 

What started in 1995 when FTIL, (now known as 63 moons technologies) began its journey by developing technology-driven Intellectual Properties (IPs) connecting various financial markets at a time when the Indian markets were just opening up for trading technology. It provided technical and software solutions for online trading. The diligence and determination of founder Jignesh Shah, paved the path for FTIL in creating products that served across asset classes including equities, commodities, currencies, and bonds. 

Today 63 moons are global leaders in providing solutions to financial exchanges across multiple asset classes and #2 globally by licensing volume. With the largest financial distribution network in India through the ODIN suite of trading terminals with close to one million licensees across 600 cities, towns and villages, Jignesh Shah has clearly been instrumental in the Evolution of Financial Markets in India like no other. 

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With pioneers like Jignesh Shah, Agri Grid may have limitless opportunities

Agriculture in India is the one industry that is capable of creating more value and jobs single handedly than any other industry! And that is saying a lot considering India is one of the leading providers of IT services, technology, services (especially ITES/BPO) and has the potential to become the manufacturing centre of undeniable scales. Yet agriculture and the tertiary industries around its ecosystem has the ability to dwarf all these industries in comparison. 

Recently there has been a marked increase in the interest VC s are showing in agri based start-ups as well. One such person putting his money where it matters is Jignesh Shah- more popularly known as the “Exchange Man”. After having successfully setting up 10 exchanges in 10 years, making some of them the biggest exchanges in the world today. He not only believes, but most definitely knows having seen the industry closely for over two decades the value it holds. He feels that even just one project based on the Agri industry -  for example the proposed Agri-Grid via e-Nam that would bring the entire agriculture and commodities ecosystem into one integrated market platform has enough potential to create 10 crore new jobs! 

The management of this large ecosystem platform of Agri-Grid and associated data will be valuable in making the decision to trade in spot, forward; store, harvest commodities, global trading etc. Thus a central repository in the form of a robust secured encrypted data management system (through use of block chain technology), will be the heart of the whole network. 

The network can connect users by apps, web platform, tele-callers etc. The economic size of the consolidated market place and support infrastructure will be so significant that it will attract global investment interest in the much deprived agriculture sector. Hence, linkages with banking and financial markets are an integral part of the whole system.

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The big victory for Jignesh Shah & 63 moons

Mr. Jignesh Shah is the founder of 63 moons technologies group that is a global leader in providing next generation technology innovations, platform and solutions for creating digital markets and marketplaces that enable price discovery and transaction efficiencies across industry segments.

At a time when the Indian financial market infrastructure needed solutions for global integration and capacity building, along with bridging the rural-urban divide, it was the path-breaking vision of Mr. Jignesh Shah that went beyond the traditional market structure to set up world-class trading systems in India.

Many vested interests tried to pull Mr. Jignesh Shah down by conspiring against him but couldn’t succeed in the long run. Mr. Jignesh Shah was targeted by top bureaucrats working for then finance minister P Chidambaram who had his own vested interests in the rival National Stock Exchange (NSE).

Mr. Jignesh Shah’s corporate rivals perceived him as a direct threat and hence conspired to throw him out from the markets. For this, they decided to target NSEL where they managed to create a payment crisis of and then used this to attack Mr. Jignesh Shah and his parent company, 63 moons. For six years, vested interests lodged a vicious campaign against Mr. Jignesh Shah by misguiding the media, investigative agencies and even government authorities.

However, truth finally emerged victorious when in April 2019, the Supreme Court struck down the forced merger of NSEL with 63 moons. In August 2019, the Bombay High Court also ruled that the National Spot Exchange Ltd (NSEL) is not a financial establishment and hence notification for attachment of company’s assets including bank accounts and properties under MPID (Maharashtra Protection of Interest of Depositors) Act stand quashed.

It is a big victory for Mr. Jignesh Shah, his company 63 moons, its shareholders and employees. As they say, truth finally wins, no matter what!

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Start-ups to change the way Indian markets work: PM

 When Prime Minister Narendra Modi launched the ambitious program called Startup India, it was aimed at revolutionising and accelerating the startup revolution in India. There are a number of factors that attract foreign investors to India. However, the biggest factor is the consumer growth backed by the mobile revolution. Making big bets on Indian innovation has become a global point of interest. In recent years, the Indian startup ecosystem has taken off and has matured. Driven by factors such as availability of funding, consolidation activities by a number of firms, evolving technology space and a burgeoning demand within the domestic market has led to the emergence of startups. The numbers on startups speak volumes about the emergence of startups — it is projected that by 2020 there will be 11,500 firms from 3,100 startups in 2014. “The trend is revolutionary! And it’s going to change the way the markets are working today in India,” said Prime Minister Modi recently.

Like PM Modi, fintech innovator Jignesh Shah's efforts too have been to help budding entrepreneurs build a strong econonomy for the country. Jignesh Shah created new-generation markets and segments that are 
people-centric and have a comprehensive market structure. 63 moons technologies limited, under the leadership of Jignesh Shah has made a mark in the exchange markets and proved itself as a world leader. Needless to say, 63 moons has been able to comfortably write its success story despite severe competition from some well-established market players.

Jignesh Shah wanted to establish a Public-Private Partnership (PPP) model to build world-class financial institutions and modern IP-centric financial markets to extend India’s reach. While enriching himself as a
by-product, he wanted to empower the nation by providing job opportunities to millions of people. His idea of developing the nation was by providing employment to its citizens that were not only of high-standards but environment-friendly as well.

 

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New ideas & innovative Start ups enthuse Modi, Shah

 Prime Minister Narendra Modi launched the ambitious ‘Startup India’ programme to boost digital entrepreneurship at the grassroots level and announced income tax exemption to startups for the first three years. He also promised faster patent registrations and quicker exits for companies. norms will be relaxed for public procurement of startups. Startups have flourished in India, thanks in part to Prime Minister Narendra Modi's policies. The government is promoting entrepreneurship under the Startup India initiative, which has simplified the patent application process and helped with fundraising. Large companies are trying to keep up with the accelerating pace of innovation in business, and startups are a good source of new ideas and vigour. Newer companies are often better able to adapt to rapid technological change and bring new perspectives to the market.

Fintech innovator Jignesh Shah is highly excited about PM Modi's vision and initiatives in the Start up segment. Jighesh Shah has fully supported PM Modi in these ventures. Jignesh Shah's contributions have had an immense impact on the growth and development of the financial sector.  Jignesh Shah's dream was to create new-generation markets and segments that are people-centric and have a comprehensive market structure. He wanted to establish a public-private partnership model to build world-class financial institutions and modern IP-centric financial markets to extend India’s reach. Jignesh Shah wanted to empower the nation by providing job opportunities to millions of people. His idea of developing the nation was by providing employment to its citizens that were not only of high-standards but environment-friendly as well. 

Jignesh Shah, founded 63 moons technologies with his innovative zeal and entrepreneurial aggression, turned it into one of the finest examples of Make in India, creating 9 robust exchanges across the globe in a variety of asset classes including commodities, currency, equity, energy and bonds in as many years. The company has been constantly striving and advocating to bring India at a level playing field with international counterparts. The reforms that Jignesh Shah has been advocating for, once implemented would have brought India at par with its international peers.

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Entrepreneurship has always been 'strength of India': Jignesh Shah

After scrapping of Article 370, the Narendra Modi led BJP government is planning to improve the entrepreneur ecosystem in Jammu and Kashmir and so far two meetings have been held to assess the skilled workforce. Last year the Central government had released Rs 2.83 lakh crore to Rs 5.4 crore aspiring and ambitious young entrepreneurs. 

Continuing the reforms of govt Union Finance Minister Nirmala Sitharaman in her Budget 2020-2021 speech said entrepreneurship has always been the "strength of India," and proposed a slew of measures to ensure ease of doing business for Indian startups, including a seed fund to support early-stage startups and an investment clearance and advisory cell for entrepreneurs, among other measures. Calling India's growing crop of entrepreneurs "job creators", the Finance Minister noted that the young men and women of India are today giving up greener pastures to create new businesses and employment opportunities in India, ensuring further economic growth.

PM Modi's vision and initiatives are being lapped up by the industry. Innovators like Jighesh Shah have fully supported Modi in these ventures. Jignesh Shah's contributions have had an immense impact on the growth and development of the financial sector. Looking at the bright future of the youth, Jignesh Shah created and nurtured a business that made India the world's second largest marketplace in commodities trading and we were on the top in all businesses our exchanges did.

Jignesh Shah now sees 100 times bigger business potential in the Start-Up ecosystem after having set up 14 exchange companies across 6 continents in a span of 10 years in his earlier stint and feels he can create 10 crore jobs over the next decade for the country’s youth. His journey is more than thrilling, challenging and worth taking inspiration from.

At present, Jignesh Shah wants to focus this time on a mentoring role and help youngsters with innovative ideas live their entrepreneurship dreams by providing them a platform for "institutionalisation, globalisation and scaling up" of their ventures. He wanted to bring a change in his country and that is why he had created an eco-system which narrates the ideology of the ‘Make in India’ campaign by Narendra Modi. His motive is to create more job opportunities for the millions of youngsters of India, which were both of high-standards and environmentally friendly, and that's a welcome move for India. 

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It takes nerves of steel to be an entrepreneur like Jignesh Shah

The unmatched success of 63 moons technologies limited under the leadership of its founder, entrepreneur/innovator, Mr Jignesh Shah, has been eyed with much envy by a coterie of vested interests, who tried every trick in the world to bring down his empire.

The annihilation of 63 moons was a strategically planned conspiracy of P. Chidambaram, the then finance minister which was tasked to his trusted lieutenants—K.P. Krishnan, the then Joint Secretary in his ministry and Ramesh Abhishek, the then Chairman of the market regulator Forward Markets Commission (FMC). The coterie had set itself to destroy Mr Jignesh Shah’s growing empire by recommending the government to stop trades at one of company’s subsidiary—National Spot Exchange Limited (NSEL). This led to an abrupt closure and created a payment crisis.

However, the truth finally prevailed when Mr Jignesh Shah and 63 moons recently witnessed two historic moments in its fight for justice. The Bombay High Court order recently quashed attaching of assets of 63 in the NSEL case by ruling that NSEL is not a financial establishment. NSEL, its parent company and Mr Jignesh Shah were persecuted under the MPID Act despite the said act not being applicable to a markets dispute.

In another judgement in April 2019, the Supreme Court set aside the Bombay High Court judgment approving the merger of crisis-hit NSEL with its parent company, 63 moons technologies limited, in public interest under Section 396 of the Companies Act. The apex court ruled that there was no public interest involved in issuing the order.

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New Ideas & Innovative Start Ups Enthuse Modi, Shah

Prime Minister Narendra Modi launched the ambitious ‘Startup India’ programme to boost digital entrepreneurship at the grassroots level and announced income tax exemption to startups for the first three years. He also promised faster patent registrations and quicker exits for companies. norms will be relaxed for public procurement of startups. Startups have flourished in India, thanks in part to Prime Minister Narendra Modi's policies. The government is promoting entrepreneurship under the Startup India initiative, which has simplified the patent application process and helped with fundraising. Large companies are trying to keep up with the accelerating pace of innovation in business, and startups are a good source of new ideas and vigour. Newer companies are often better able to adapt to rapid technological change and bring new perspectives to the market.

Fintech innovator Jignesh Shah is highly excited about PM Modi's vision and initiatives in the Start up segment. Jighesh Shah has fully supported PM Modi in these ventures. Jignesh Shah's contributions have had an immense impact on the growth and development of the financial sector.  Jignesh Shah's dream was to create new-generation markets and segments that are people-centric and have a comprehensive market structure. He wanted to establish a public-private partnership model to build world-class financial institutions and modern IP-centric financial markets to extend India’s reach. Jignesh Shah wanted to empower the nation by providing job opportunities to millions of people. His idea of developing the nation was by providing employment to its citizens that were not only of high-standards but environment-friendly as well.

Jignesh Shah, founded 63 moons technologies with his innovative zeal and entrepreneurial aggression, turned it into one of the finest examples of Make in India, creating 9 robust exchanges across the globe in a variety of asset classes including commodities, currency, equity, energy and bonds in as many years. The company has been constantly striving and advocating to bring India at a level playing field with international counterparts. The reforms that Jignesh Shah has been advocating for, once implemented would have brought India at par with its international peers.

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Jignesh Shah: When the going gets tough, the tough get going

No matter whether you are a technocrat or a bureaucrat, professionals of all hues often find inspiration in lessons of various kinds, be they from history, politics or poetry. As they say, life's battles do not always go to the strongest man but the man who ultimately wins is the man who thinks he can! The case of fintech entrepreneur Jignesh Shah is no different.

Mr. Jignesh Shah, often acknowledged as the ‘Innovator of Modern Financial Markets,’ is known to lead from the front. He is known for his passion and the man has overcome many a hardship to achieve this glorious path in his life as well as battling the tough terrains that came on the way. Over the years, he has never taken an easier path and has always worked hard for his way forward. With such a strong history to back him up, one cannot doubt the missionary zeal that Mr. Jignesh Shah has.

After setting up 10 exchanges across six continents in a span of ten years, the engineer-turned-financial market wizard now sees 100-times bigger business potential in a 'startup ecosystem' which he feels can create up to 10 crore jobs over the next decade.

After a payment default of Rs 5,600 crore in 2013 at his smallest venture National Spot Exchange Ltd (NSEL), which had a daily trading volume of Rs 200 crore as compared to more than Rs 1.20 lakh crore a day at his biggest exchange MCX, Shah was forced out of all Sebi-regulated businesses under regulatory orders amid a multi-agency probe. However, most of the cases like forced merger of NSEL with 63 moons, or applying MPID to NSEL case, have been quashed by the courts. The merger has been set aside by the Supreme Court and the Bombay high court in a recent judgment declared that attachment of assets of 63 moons technologies is completely illegal and should not be done as it was never a Financial establishment but was just a platform provided to buyers and sellers for transaction of commodities.

In this light, Shah says he is confident now that the time has come to start his second innings as court orders are absolving him of all the charges one after another as no agency could prove even a single paisa of wrongdoing on his part, nor on part of his companies.

Shah’s story is really inspiring. Although it was established way back that no money trail has been traced to NSEL, FTIL or Jignesh Shah but still he was targeted again and again because of the vested interests that wanted to finish his FTIL group completely because its innovative products posed a severe threat to their monopolistic regime. However, his journey has once again proved that patience and perseverence are previous values whose rewards have no measure.

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Start ups and Jignesh Shah: There is no time like the present!

This is true for opportunities in the start-up ecosystem in India currently. And Jignesh Shah, the Chairman Emeritus of 63 moons technologies Ltd., a prolific fintechpreneur himself, also believes the same. After creating successful and strong ventures in exchange and marketplace in the first decade of the millennium, Jignesh Shah is now looking at mentoring wannabes in Indian tech start-up scene.

Thanks to focus & relentless efforts of Narendra Modi government on Make In India and Star-up India initiatives, India has emerged as the 3^rd largest start-up ecosystem in the world currently with local start-ups investing at a global stage. More than 40 Crore people will be trained under different skills over next 3 to 4 years under these initiatives. With such a conducive environment, something which Jignesh Shah believes was nonexistent in earlier regime, he sees 100 times bigger opportunity in the same and intends to be part of and contribute to it.

Jignesh Shah as an entrepreneur himself, with his vision of creating large scale institutions of global standards, has created some big milestones in past. Be it his first product ODIN for exchange business which covered 80%+ market share or creating the first multi commodity exchange MCX which went on to become 2^nd largest commodity exchange in the world basis the trading volumes, he is considered to be the flagbearer of the belief of making India a leading powerhouse in regional and world finance space. He has created more than 10 Lac jobs due to his these and other successful ventures both in India and abroad.

Now Jignesh Shah is looking at opportunities beyond exchanges and marketplaces. He is looking at prospects in IP based field in verticals of agriculture, genetics and robotics as well. And he believes that by aiding the current start-up scene in India in these fields will help generate huge employment openings, to the tune of 10 Crores jobs over the next 10 years. Being a first gen entrepreneur himself, Jignesh Shah believes a star-up ecosystem will thrive in the country if provided with right kind of mentorship and large funding for institutionalization, globalization & scaling up. And he is more than excited to contribute to that!

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