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