A social business entrepreneur: Jignesh Shah

63 moons technologies has always had an approach of 360-degree financial market development covering equities, bonds, currencies and commodities with extensive ecosystem to provide support of information, payment and settlement solutions, knowledge management and financial literacy and education.

The Group, led by Mr Jignesh Shah, focussed on creating newer types of jobs and vocations and building new market segments.  It pioneered growth in several market segments in India, including commodities, currencies, and energy and brought in efficiencies in practices and processes on a proactive basis.

63 moons opened a gateway for Indian businesses to explore opportunities in Asia, Africa and the Middle East. With a vision to make India a major international financial centre, it witnessed development of an extensive financial markets infrastructure with Indian enterprise and entrepreneurship.

The company takes pride for coming up with cost-effective products and solutions in real-time information and mobile payments so vital for financial markets, exclusive facilities for developing knowledge and skill-sets in financial markets operations, and for its extensive contribution to promote financial education, financial literacy and special programmes for the less privileged.

Read more:- 63 moons tech’s contributions to Exchange markets

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63 moons technologies: Creating value for nation-building

63 moons technologies, led by the visionary Jignesh Shah, has always had a strong connect with physical markets and real economy. This commodities exchange and ecosystem created a huge network of players in the real economy with opportunities of gainful business and sustainable incomes.

All of Mr Jignesh Shah’s exchanges and ecosystem ventures were job-oriented, revenue generating and employment intensive and also created newer types of jobs and vocations.

A national study showed creation of a million jobs by MCX alone with its extensive connect with the real economy players.

The 63 moons technologies Group made significant contribution 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.

Rural Focus

Gramin Suvidha Kendras were set up, in collaboration with India Post, to expand the reach and access of the commodity exchange benefit to farmers and other producers in the rural areas.

The 63 moons technologies Group’s international ventures put India on the world map of global finance. The Group’s exchange development strategies have become case studies for emerging markets.

Read more:- A STELLAR OFFERING

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63 moons – the fintech par excellence

The distinction that visionary Jignesh Shah brought to the Indian markets is to create new vistas in market development strategies, build capacity, innovate in product offering and adopt an inclusive approach.

Though every market segment that he nurtured and developed was new to Indian markets, he made it successful in terms of scale and significance. Be it the trading platform ODIN that revolutionized stock trading in India or commodities exchange that was the first to reach global league tables within a short time or energy exchange, one of the most innovative and needed intervention that benefited scores of SMEs, or the pursuit of international exchanges by any exchange group in India.

While growth was the prime objective, touching the core of the real economy and making the development process inclusive are all embedded in the business philosophy that made all his ventures stand out from the crowd. It is this passion that saw him growing from a start-up entrepreneur in the late 1990s to that of a major change agent and an institution builder.

63 moons technologies 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.

63 moons designed and developed cost-effective and customised real-time

information and data analytics to meet the emerging requirements of

small businesses to big corporates. It developed electronic payment platforms and solutions that became a basis for the growth of E-Commerce and mobile payment systems. It also developed domain knowledge solutions across all the major market segments and conducted professional courses and programmes, certification examinations and skill tests.

It was the first exchange group in India in the private sector to sign up for Right to Information Act. 63 moons was also the first major software product company in India with proprietary products that were introduced in India for the first time.

63 moons enabled companies to procure power on competitive rates through open access to exchange trading, thereby reducing dependency on expensive,

single-source boards.

Read More:- WHEN TECH MEETS SOCIAL

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The impact of 63 moons technologies on Indian ecosystem

63 moons technologies, led by the visionary Jignesh Shah, has always had a strong connect with physical markets and real economy. This commodities exchange and ecosystem created a huge network of players in the real economy with opportunities of gainful business and sustainable incomes.

All of Mr Jignesh Shah’s exchanges and ecosystem ventures were job-oriented, revenue generating and employment intensive and also created newer types of jobs and vocations.

A national study showed creation of a million jobs by MCX alone with its extensive connect with the real economy players.

The 63 moons technologies Group made significant contribution 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.

Rural Focus

Gramin Suvidha Kendras were set up, in collaboration with India Post, to expand the reach and access of the commodity exchange benefit to farmers and other producers in the rural areas.

The 63 moons technologies Group’s international ventures put India on the world map of global finance. The Group’s exchange development strategies have become case studies for emerging markets.

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63 moons tech created world class markets

Whenever an individual turns an entrepreneur, his risk-taking ability and unflinching faith in his own ideas, are the most talked about traits among young aspiring entrepreneurs as well as fellow businessmen in the industry. The distinction that visionary Jignesh Shah brought to the Indian markets is to create new vistas in market development strategies, build capacity, innovate in product offering and adopt an inclusive approach.

Though every market segment that he nurtured and developed was new to Indian markets, he made it successful in terms of scale and significance. Be it the trading platform ODIN that revolutionized stock trading in India or commodities exchange that was the first to reach global league tables within a short time or energy exchange, one of the most innovative and needed intervention that benefited scores of SMEs, or the pursuit of international exchanges by any exchange group in India.

While growth was the prime objective, touching the core of the real economy and making the development process inclusive are all embedded in the business philosophy that made all his ventures stand out from the crowd. It is this passion that saw him growing from a start-up entrepreneur in the late 1990s to that of a major change agent and an institution builder.

63 moons technologies 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.

63 moons  designed and developed cost-effective and customised real-time information and data analytics to meet the emerging requirements of small businesses to big corporates. It developed electronic payment platforms and solutions that became a basis for the growth of E-Commerce and mobile payment systems. It also developed domain knowledge solutions across all the major market segments and conducted professional courses and programmes, certification examinations and skill tests.

It was the first exchange group in India in the private sector to sign up for Right to Information Act. 63 moons was also the first major software product company in India with proprietary products that were introduced in India for the first time.

63 moons enabled companies to procure power on competitive rates through open access to exchange trading, thereby reducing dependency on expensive, single-source boards.

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Steller contributions of 63 moons tech

63 moons is rightly acclaimed for bringing in the much needed transformation in the exchange markets. 63 moons has always believed that tech innovation is the key to the development of Indian financial market on a global scale. 

All its innovations have been guided by the spirited thought that if a corporate entity does not involve at least a 100-crore people in a land of 125 crore, its presence and growth has little significance. 

There were several billion-dollar companies in the stock market that did not impact the masses the way they should. This idea of innovation & growth has been the main philosophy of 63 moons which helped it to attain the niche position in the market full of competition.

It’s 63 moons technologies’ stellar contribution that positioned India among the top in the world in financial markets infrastructure business.

Also, in a very short span of time, 63 moons (formerly FTIL), through its inventive planning and innovative product range, emerged as a leading financial market infrastructure group in India. All the exchanges and ecosystem ventures developed by the 63 moons group are India-centric with all operations conducted by Indians in India with the benefits flowing to India. Exchanges and ecosystem ventures of the 63 moons group have been revenue generating and employment intensive.

The Group also came out with cost-effective products and solutions in real-time information and mobile payments so vital for financial markets. It developed an extensive financial markets infrastructure with Indian enterprise and entrepreneurship and made India a major international financial center.

Read More - 63 moons tech impacted large scale growth in Indian markets

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The social impact of a fintech giant

63 moons technologies, earlier known as Financial Technologies India Limited, with the help of its biggest asset, tech innovation and skilled workforce, has been instrumental in creating and changing the landscape of various market segments and building global size and significance. 

The entry of 63 moons into the exchange space brought competition that benefitted the stakeholders enormously. 63 moons put up efficient alternatives that had very positive impact on growth and productivity.

63 moons transformed the landscape of Indian Financial Markets in less than a decade, realized its dream of ‘Make in India’ by taking Indian innovations to global standards in terms of operations, scale and size. 

It was way in the 1990s that 63 moons adopted and implemented the vision of ‘Make in India’ to put India’s footprint on the global map. 63 moons has 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 which is a big achievement.

In a very short span of time, 63 moons through its inventive planning and innovative product range, emerged as a leading financial market infrastructure group in India. All the exchanges and ecosystem ventures developed by the 63 moons group are India-centric with all operations conducted by Indians in India with the benefits flowing to India. Exchanges and ecosystem ventures of the 63 moons group have been revenue generating and employment intensive.

Some of the technology products like ODIN have created social benefits and have successfully contributed towards the nation are: Employment opportunities across the country, increased scope for self-employment opportunities, financial access to local communities, increased participation of local talent and expertise, growth of local entrepreneurship and most importantly benefits flowing into local community.

Read more - MANAGING RISK THE RIGHT WAY

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