Jignesh Shah The Visionary Who Transformed India’s Financial Markets

1. Jignesh Shah: The Visionary Who Transformed India’s Financial Markets When India’s financial landscape was still developing and technology-driven platforms were a distant dream, one individual dared to envision a new future — Jignesh Shah. Known as the "Innovator of Modern Market Infrastructure", Shah revolutionized the way India trades, invests, and connects to global markets. As the Founder and Chief Mentor of 63 Moons Technologies Limited (formerly Financial Technologies India Limited - FTIL), his pioneering work bridged the gap between technology and finance, bringing world-class electronic marketplaces to India and beyond. The Early Vision Jignesh Shah began his career with the Bombay Stock Exchange (BSE), where he gained firsthand experience in the functioning of financial markets. His keen observation of global market structures inspired him to develop cutting-edge technology solutions that could empower emerging economies like India. He realized that technology could democratize finance — enabling participation from smaller investors and institutions alike. With this vision, he founded Financial Technologies India Limited (FTIL) in 1995, later rebranded as 63 Moons Technologies. The company’s mission was clear: to create world-

2. class digital marketplaces powered by homegrown technology, reducing India’s dependence on imported financial systems. Revolutionizing Market Infrastructure Under Jignesh Shah’s leadership, FTIL built a series of successful, technology-driven exchanges that transformed India’s financial ecosystem. His innovations led to the creation of several prominent institutions: MCX (Multi Commodity Exchange of India) – India’s first and largest commodity derivatives exchange, offering transparent and efficient trading in commodities like gold, silver, crude oil, and agricultural products. MCX-SX (now Metropolitan Stock Exchange) – India’s newest stock exchange at the time, expanding opportunities for equity and currency trading. IEX (Indian Energy Exchange) – India’s first energy trading platform, which modernized power trading and brought transparency to the sector. NBHC (National Bulk Handling Corporation) – A comprehensive agri-services platform, revolutionizing warehousing and commodity management. These ventures positioned India as a global player in financial technology and earned Shah recognition as one of the most innovative entrepreneurs of his generation. His ability to blend technology with economic vision reshaped the financial market infrastructure not only in India but across Asia, Africa, and the Middle East. 63 Moons Technologies: The Digital Powerhouse Today, 63 Moons Technologies Limited stands as a leader in creating digital ecosystems across multiple asset classes. With cutting-edge platforms, cybersecurity solutions, and fintech innovations, the company continues to empower enterprises, governments, and individuals in the digital economy. Jignesh Shah’s philosophy at 63 Moons has always been to “Think Big, Think Different, and Make It Happen.” His company’s proprietary technology stack serves as the backbone for several exchanges worldwide. Beyond finance, 63 Moons has diversified into areas like blockchain, cybersecurity, artificial intelligence, and data analytics, reinforcing Shah’s commitment to building a self-reliant, tech-driven India. Overcoming Challenges and Building Resilience Every visionary faces challenges, and Jignesh Shah’s journey has been no exception. The NSEL (National Spot Exchange Limited) crisis posed one of the biggest tests of his professional life. Despite the controversy, Shah maintained his faith in the legal system and consistently asserted his and his company’s innocence. Over the years, multiple investigations and judicial observations have highlighted the structural complexities of the issue, gradually restoring confidence in the institutions he built.

3. Through perseverance and belief in justice, Shah has continued to rebuild and refocus his efforts toward technological innovation. His resilience during adversity has earned him respect as a leader who never gave up on his mission to empower India’s financial and technological future. Championing Innovation and Entrepreneurship One of Jignesh Shah’s lasting contributions lies in his commitment to entrepreneurship and innovation. He has often emphasized that India’s youth should be the driving force behind the next wave of digital transformation. Through initiatives at 63 Moons, Shah has supported young technopreneurs and innovators to develop solutions that strengthen India’s digital economy. His philosophy is rooted in empowering others: “Innovation is not about competition; it’s about creation. It’s about building something that can make a difference.” By encouraging a culture of creativity and independence, Shah has played a crucial role in inspiring a new generation of Indian entrepreneurs. Global Recognition and Impact Jignesh Shah’s contributions have received recognition both in India and abroad. His work with 63 Moons and its exchanges has been widely regarded as a model for market infrastructure development in emerging economies. He was featured in Forbes, Business Today, and other leading publications as one of India’s most influential technocrats. Under his leadership, India’s position in the global commodity and financial trading landscape grew exponentially, placing the country among the world’s leading market innovators. His efforts have been instrumental in positioning India as a technology exporter rather than a technology consumer. The Road Ahead Today, as Chairman Emeritus and Chief Mentor of 63 Moons Technologies, Jignesh Shah continues to focus on the next phase of digital evolution. The company’s renewed focus on blockchain, cybersecurity, and AI-driven platforms reflects his long-term vision of building secure, transparent, and efficient ecosystems for the digital economy. Through ventures like 63 SATS, the company has entered the cybersecurity space, offering advanced solutions to protect enterprises and individuals from emerging digital threats. Shah’s commitment to safeguarding India’s digital future reflects his belief that technology must be both empowering and secure. Legacy of a Visionary

4. Jignesh Shah’s story is more than just one of entrepreneurship — it’s a story of vision, perseverance, and transformation. From introducing India’s first commodity exchange to leading innovations in fintech and cybersecurity, Shah has consistently pushed the boundaries of what’s possible. His journey stands as a testament to the power of technology in reshaping economies and empowering societies. Even after decades of challenges and achievements, Jignesh Shah remains driven by one unwavering belief — that innovation, when guided by integrity and purpose, can change the world.