63 moons technologies, led by innovator founder, Mr. Jignesh Shah, established strong connect with physical markets and the real economy. Commodities exchange and its ecosystem have created a huge network of players in the real economy with opportunities for gainful business and sustainable incomes.
Exchanges and ecosystem ventures were job-oriented,
revenue-generating, employment intensive and creating newer types of
jobs and vocations. A national study showed creation of a million jobs by
MCX alone with its extensive connect with real economy players.
The 63 moons Group has significantly contributed 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.
Gramin Suvidha Kendra, set up in collaboration with India Post to expand
the reach and access to the commodity exchange extended benefits to
farmers and other producers in the rural areas.
Created capacity in organized markets, making much-needed
transformation of the real economy. All the exchanges and ecosystem
institutions of the Group were in the organized sector.
63 moons have extended the scope for competition in Indian financial markets, thereby contributing to efficiency.
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