An unimaginable expanse of ecosystem ventures

As a forward-looking Fintec company, 63 moons technologies has always ensured optimum excellence to the benefit of all its stakeholders. A series of ecosystem ventures were started by the group to support the exchange system that included; real-time information (Ticker Plant), payment solutions (Atom), etc.

63 moons have always believed in empowering India with the presence of robust markets systems and simultaneously aimed at creating more skills and jobs. All its ventures created more than a million job opportunities and generated massive revenue for the nation. 63 moons are one place that lets you focus on your business and takes charge of building and maintaining your marketplace solution. With the core mission to enable digital ecology and having a vast network of resources, 63 moons help you come up with your ideas and enable expansion.

63 Moons Technologies is a global leader in providing next-generation technology innovations, platform, and solutions for creating digital markets and marketplaces that enables price discovery and transaction efficiencies across the industry segments.

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63 moons technologies became a pioneer in Exchange technology

Not seen in many countries, 63 moons technologies Group, earlier known as Financial Technologies India Ltd,  created a vast expanse of ecosystem ventures to support the tech market that enabled them to pursue growth and expansion within a short time.

While the world is today increasingly turning towards e-commerce, it was more than a decade ago that 63 moons technologies limited, had taken the markets by storm with its various tech-innovations.

63 moons are involved in the development of technologies and innovative intellectual property in new-generation businesses. The long list of its products and services include- Exchange technology solutions (such as DOME, FOVEA etc.), Brokerage technology solutions, Messaging Solutions, and Risk solutions.

63 moons are one place that lets you focus on your business and takes charge of building and maintaining your marketplace solution. With the core mission to enable digital ecology and having a vast network of resources, 63 moons help you come up with your ideas, go to the market and enable expansion.

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A successful ‘Made in India’ story

A trading platform that is a market leader, a commodity exchange that is world’s third largest, an extensive ecosystem for the faster growth of
financial markets, India’s footprints in international finance, a pioneering growth story made by an Indian with his vision and expertise and solely directed towards the benefit of Indians.

The entry of FTIL into the exchange space brought competition that benefited the stakeholders enormously. FTIL put up efficient alternatives virtually in every asset class that had a very positive impact on growth and productivity.

63 moons technologies, earlier known as Financial Technologies India Limited,  has been instrumental in creating and changing the landscape of various market segments and building global size and significance. Most of the market infrastructure that was created was in greenfield ventures with FTIL vision making each of these ventures into markets of national importance.

The growth story of Financial Technologies is about empowering people. Technology solutions enabled even small brokers access to business opportunities. The benefits of MCX have flowed to people of India as the whole value chain consisted of local traders, agriculturists, processors, warehousing professionals and those offering support services. Its listing benefited lakhs of retail investors. MCX-SX created a special membership for rural entrepreneurs. Members were offered financial education programmes and other professional development opportunities. Emphasis was laid on gainful economic opportunities for the youths and women.

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The Genesis of Innovation : 63 moons technologies Limited

Fintech is driving the transformation of data-processing technology, how business is done, how products and services are conceived, and the way customers participate in the process.

Fintech offers a variety of tech solutions for small businesses and start-ups, which provides the opportunity to gain a competitive advantage over bigger, more established companies. These options can provide a business with better visibility over cash flow, the ability to secure funding and can even improve management. They can also help small businesses improve invoicing, customer relationship management and payment systems.

Around 10 years back, Indian financial markets passed through a fascinating phase as it witnessed the growth of a ground-breaking innovation, 63 moons technologies limited (formerly Financial Technologies (India) Limited. And the credit goes to a visionary Jignesh Shah.

Established in 1995, 63 moons technologies is a first-generation enterprise that created new standards and benchmarks on the potential and possibility of financial markets development. The company offers technology solutions and domain expertise for digital transactions and financial markets across all asset classes. It’s formation led to a phenomenal technological innovation in Intellectual Property (IP) and helped propel trade on next-generation financial markets including equities, commodities, electricity, currencies, and bonds, among others.

With technology as its core strength, 63 moons have always created new standards in financial innovations.  Despite being in the private sector, it has contributed significantly to the growth of public capital markets. It served a catalytic role in its international success and took India to the global league tables in regard to exchange operations in major segments, such as commodities, currencies, and energy. •

A nationwide research by a leading research institution, Tata Institute of Social Sciences (TISS), described MCX, one of the erstwhile Financial Technologies group companies, in one catch line: "A Million Jobs and a Million More Opportunities".

The group has created millions of new stakeholders in the financial system, giving

opportunities to earn grow and seek a sustainable livelihood. Governments, regulators and other development institutions from various countries used to visit 63 moons to know and learn how it was able to create such a success story of sustainable financial market infrastructure. Countries were keen to partner with the group to replicate its success in India, in their respective countries.

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Atom technologies: The revolution in digital India

63 moons technologies Pvt Ltd pioneered the concept of electronic and mobile payments that later emerged as a standard for e-commerce and an important step for building Digital India.

An end-to-end payment services provider, atom offers a vast range of solutions through online and offline payment platforms. Atom technologies was set up by Jignesh Shah in 2005 with the aim to create a range of services that will help all Indians to transact and conduct business more easily. It was set up with a vision to create more convenient ways to transact and avail of financial services. It’s a cutting-edge state-of-the-art technology that puts cost effectiveness and user friendliness under one roof. . It uses multiple channels – Internet, IVR, as well as POS, and supports multiple payment options like Credit and debit cards, Mobile banking, Net banking, Cash cards and IMPS.

Atom provides the best transaction success rate in the industry. It uses merchant dashboards for transaction reporting and exceptions. It’s a PCI/DSS certified payment aggregation.

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63 MOONS: HOW IT BUILT BUSINESSES TO GENERATE JOBS

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.

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Ecosystem that added value to commodities

63 moons technologies ltd’ National Bulk Handling Corporation (NBHC) was established with a vision to provide logistical support to the commodities futures industry, the group set up NBHC in 2005 - the nation’s only Warehousing and Commodity Management solution entity with an ISO 22000:2005 certification.

The NBHC also promoted collateral management services in the form of warehouse receipt financing. It’s been India’s largest warehousing and collateral management facility in the private sector which helped farmers and producers of commodities with globally benchmarked practices of post-harvest production management and warehouse receipt based financing NBHC emerged as #1 agro-commodity and collateral management company in India and met requirements of farmers and processors with presence across 19

states and 900 locations. It had a  pan-India network of 35+ Quality Assurance laboratories which provided quality assaying expertise in 160+ Commodities

The enterprise cumulatively managed commodities of over 20 million Metric Tonnes valued at Rs. 42,000 crore, and facilitated cumulative Warehouse Receipt Financing for about Rs. 30,000 crore through 42 banks.it also facilitated procurement under minimum support price as an agent of Food Corporation of India and Government of India. Generated employment opportunities and sustainable income for a large section of rural and local communities.

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