Jignesh Shah’s Quest of a New India

In the early 90s’, the name Jignesh Shah went global in the FinTech Industry. People across the world watched in awe as India suddenly manifested huge signs of progress. India was developing several international trading routes and showing immense development in the banking sector owing to the solutions provided by FinTech companies. Besides evolving the Indian Banking Sector, Jignesh Shah-led Financial Technologies (India) Limited (FTIL) created many job opportunities for the Indian population across the country. His flagship product FTIL, currently known as 63 Moons Technologies (India) Limited, provided job opportunities to millions of youth that were not only of high standards but environment-friendly as well. Before our Prime Minister introduced the ideologies of the ‘Make in India’ campaign, he had already created an eco-system that resembled its ideologies. He is one of the key pillars that led to the tremendous development of the Indian Fintech Industry.

Jignesh Shah

Today, the first generation entrepreneur stands among the millionaires of India. He climbed the stairs of success not through nepotism but sheer hard work. He was born in a bourgeois family in Kandivali. After finishing his graduation in engineering, he worked at Bombay Stock Exchange (BSE). During his time at the BSE, Jignesh Shah discovered the various opportunities hidden in the stock market and resigned from his position. In 1988, the world witnessed the establishment of a new organization with unprecedented and ground-breaking ideologies on the quest of developing India.

Jignesh Shah wanted to create new-generation markets and segments that are people-centric and have a comprehensive market structure. His dream was to establish a Public-Private Partnership (PPP) model to build world-class financial institutions and modern IP-centric financial markets to extend India’s reach. Among all his initiatives, ODIN is the biggest success of all time. It created nearly 25 lakh employment opportunities for the Indians and simplified trading in Multi-Exchanges, Multi-Segment Dealing Desk and Risk Management System through a single application. His other exchanges like Multi Commodity Exchange of India Limited (MCX), MCX Stock Exchange Limited (MCX-SX), and Indian Energy Exchange (IEX) facilitated the country’s growth in various ways as well.

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