From Engineer to Entrepreneur A Vision Takes Shape

1. From Engineer to Entrepreneur: A Vision Takes Shape In the landscape of Indian financial technology and market infrastructure, one name stands out as a true visionary—Jignesh Shah. Known for disrupting traditional financial systems and establishing India as a global hub for exchange technology, Shah's legacy is one of transformation, inclusion, and innovation. Jignesh Shah began his journey as an engineer with a background in electronics and telecommunications. Early in his career at the Bombay Stock Exchange (BSE), he witnessed the ine?ciencies of the financial ecosystem. It was this exposure that triggered his passion to build faster, smarter, and more inclusive market platforms. Armed with technical prowess and business acumen, he founded Financial Technologies India Ltd. (FTIL), now known as 63 Moons Technologies. His goal was clear: to democratize market access and empower those traditionally excluded from the financial mainstream— especially in rural India. The Multi Commodity Exchange (MCX): Revolutionizing Trade In 2003, Shah launched one of his most influential ventures—Multi Commodity Exchange

2. (MCX). At a time when commodity trading was fragmented and opaque, MCX introduced transparency, accessibility, and real-time trading to India's commodity markets. Under Shah’s leadership, MCX became the world's sixth-largest commodity exchange by volume and India's leading platform for energy, metal, and agricultural contracts. What made MCX groundbreaking was not just the technology but the inclusion of small farmers and traders, enabling price discovery and risk management for those who needed it most. 63 Moons Technologies: Building Digital Ecosystems As the parent company of MCX, 63 Moons Technologies became the epicenter of financial innovation in India. The firm specialized in creating digital marketplaces that connected buyers, sellers, and regulators on a single, secure platform. With proprietary technologies, Shah's company built over 10 exchanges in India and abroad, covering commodities, equities, currencies, and even carbon credits. Each platform was designed with one core philosophy: technology should empower people. His innovation did not stop at finance. The ecosystem of 63 Moons also ventured into agri- tech, e-governance, and data services, making it a symbol of India’s digital transformation before “Digital India” became a national campaign. A Global Footprint Rooted in Indian Values Jignesh Shah’s entrepreneurial drive took Indian technology to international shores. His platforms were successfully implemented in Africa, the Middle East, and Southeast Asia, o?ering customized solutions based on local needs. Despite international success, Shah always prioritized India-first innovation—tailoring platforms to empower domestic stakeholders, especially rural producers and self-help groups. This vision aligned with national goals of financial inclusion, digital literacy, and economic self-reliance. Awards, Recognition, and Global Influence Shah’s contributions earned him several national and international accolades: Ernst & Young Entrepreneur of the Year Award Featured in Institutional Investor’s Top 30 Innovators in e-Finance Recognized as a Champion of Financial Inclusion by various trade bodies His platforms have been case studies at top institutions and recognized for their ability to bridge infrastructure gaps in emerging economies. Challenges and Comebacks No entrepreneurial journey is without hurdles. In the face of regulatory challenges and business restructuring, Jignesh Shah displayed resilience. Despite stepping back from operational roles, his commitment to innovation never wavered.

3. He pivoted 63 Moons Technologies toward cybersecurity, cloud computing, and digital trust platforms—sectors crucial to India's digital sovereignty in a post-pandemic era. Empowering Rural India: More Than Business Through initiatives like the Gramin Suvidha Kendra in collaboration with NABARD, Shah’s platforms delivered agri-market information, weather forecasts, and price trends to farmers across India. This focus on last-mile connectivity makes his story not just one of profit but of purpose— empowering Bharat while scaling in India. Legacy and Future Vision Today, Jignesh Shah stands as a role model for tech entrepreneurs and policy makers. His legacy is not just the billions in market capitalization but the millions empowered by his platforms. As 63 Moons Technologies evolves, Shah envisions building next-gen digital marketplaces that integrate blockchain, AI, and decentralized finance (DeFi)—positioning India as a global leader in financial innovation once again. Conclusion Jignesh Shah’s entrepreneurial journey is a masterclass in vision, resilience, and purpose- driven innovation. From transforming commodity trading to empowering the rural economy, he has consistently proven that technology, when driven by intent, can reshape nations.