A visionary called Jignesh Shah

 

After successfully setting up 10 exchanges across 6 continents in a short-span of just 10 years Mr. Jignesh Shah aspires to venture into his second innings with 100- times bigger business potential in Start-up industry. He also feels that it can create a greater number of jobs and opportunities in the country. He feels the Start-up ecosystem if promoted can create up to 10 crore jobs over next decade.

Jignesh Shah said that this time he is even more confident as all court orders are absolving his companies of all the fabricated charges one after another as no agency could prove even a single wrongdoing on his part and or on the part of his companies.

Jignesh Shah, known as 'India's Exchange Man' for launching 10 exchanges across six continents including the top commodity bourse MCX, had to exit all those businesses in the aftermath of the Rs 5,600-crore payment crisis which he says was engineered by then finance minister P Chidambaram and his bureaucratic cronies since they wanted to protect their vested interests in a rival exchange.

By setting up a chain of exchanges in India and overseas, he wanted to make country the Manhattan of the East. But that was derailed by P. Chidambaram by conspiring against him. This resulted in the loss of a million jobs and the reversal of the trajectory of the economy towards world leader status. Now under Modi 2.0, Jignesh Shah hopes to be able to achieve this objective and help put India as the Silicon Valley of the East. Instead of body shopping, the new India would have an IP-based innovation drive, for which he would be a catalyst. 

In the current scenario, Jignesh Shah is hopeful and during his second innings he will be more active in the Start-up ecosystem and which will not be restricted to exchange and marketplace. "It will be a majority of IP-based field and we will be nurturing and inspiring entrepreneurs on varied scales which will be agriculture, genetics, robotics, to name a few. Rather than having a monolithic structure, it will be a diverse structure with an understanding of entrepreneurship". Jignesh Shah’s role will be of a coach vis a vis the entrepreneurs wanting to flourish in the start-up ecosystem. 

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Jignesh Shah: Creator of ecosystem

Jignesh Shah, often acknowledged as the ‘Innovator of Modern Financial Markets,’ is known to lead from the front. Shah has spoken in a series of media interviews about his future plans, and said that this time he wants to focus on the start-up ecosystem, since he believes that start-up 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. His MCX had created 10 lakh jobs in the market ecosystem and Shah believes he can act as a catalyst to create 10 crore jobs in the next decade in the start-up ecosystem.

Mr. Shah explained what kind of 'ecosystem' he wishes to create and what areas those start-ups would work. He further added, 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.

Also Read: India to become growth engine of world economy: PM Modi

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India to become growth engine of world economy: PM Modi

 

Prime Minister Narendra Modi believes that India is passing through an era of “unprecedented social and economic changes” and would become the engine of world economic growth in the coming decades. India was the ideal investment destination in the world today because of the sweeping social and economic changes taking place in the country, he added.

The initiative ‘Make in India’ is a major new national programme of the Government of India designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property and build best-in-class manufacturing infrastructure in the country. The primary objective of this initiative is to attract investments from across the globe and strengthen India’s manufacturing sector.

“My message to investors is ‘Make in India’, but not just for Indians but for the whole world,” the PM said. He said schemes like Ayushman Bharat would not just provide health insurance coverage to a huge population but would also open up huge opportunities for investors in the sector.

These developments have lifted the spirits of seasoned entrepreneurs and innovators like fintech czar Jignesh Shah who dreamt and worked on the Make in India model in the mid-1990s. Jignesh Shah’s entrepreneurial journey has exhibited and inspired millions of young entrepreneurs of India provoking them to work for India’s growth through start up models.

Jignesh Shah’s foresight with deep-rooted interest in domestic strength had a strong connection with the real economy and generation of newer jobs and growth opportunities. 63 moons technologies limited is the only group with holistic understanding of financial markets ecosystem and an ability of innovate and establish internationally acclaimed financial institutions that are India-centric.

In a short span of time, his flagship company, 63 moons technologies limited (formerly known as ‘Financial Technologies India Limited) has made a mark and has been named as one of the most powerful and influential companies in biz-tech innovations. A global leader in providing next generation technology innovations, platform and solutions for digital markets and marketplaces, the entry of 63 moons into the exchange space brought competition that benefited the stakeholders enormously.

Also Read: INSPIRATIONAL TALE OF TRUTH AND JUSTICE THAT IS JIGNESH SHAH

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