How Jignesh Shah Strengthened India’s Financial Markets Read Here

1. HOW JIGNESH SHAH STRENGTHENED INDIA’S FINANCIAL MARKETS? Read Here...

2. INTRODUCTION When one talks about the evolution of financial markets in India, the name Jignesh Shah often comes to mind. Known as the “visionary of modern India’s financial markets”, Shah was much more than an entrepreneur seeking business opportunities. He was a builder of systems, a connector of markets, and a champion of technology-driven inclusivity. His work with Jignesh Shah 63 moons technologies (formerly Financial Technologies India Ltd.) redefined the way India looked at finance, trade and technology. In this article, we will examine how Shah strengthened the country’s financial markets, the legacy of his exchanges, the global influence of his ideas, and ways in which they continue to shape the future.

3. DISRUPTIVE BEGINNING THROUGH ODIN In 1995, Jignesh Shah founded Financial Technologies India Ltd, now known as Jignesh Shah 63 moons technologies, with the mission to build IP-driven, technology-enabled platforms that would eliminate market inefficiencies and democratise the access to markets, broadening opportunities beyond India’s financial centres as the result. Shah’s first big success was his flagship broking product called ODIN, which established itself as the industry standard in India. By providing brokers with access to state-of-the-art and effective technology, ODIN was able to capture almost 80 per cent of the market. This one product became the bread and butter of exchanges like NSE, BSE, and CSE.

4. BUILDING EXCHANGES A DECADE OF TRAILBLAZING After the disruptive success of ODIN, Shah went on to trailblaze the different facets of the industry, achieving unheard-of successes in record time. In just ten years, he built ten global multi-asset class exchanges that went head-to-head with the best in the world. These exchanges included the likes of Multi Commodity Exchange (MCX), MCX-SX, Indian Energy Exchange (IEX), Singapore Mercantile Exchange (SMX), Dubai Gold and Commodities Exchange (DGCX), Bourse Africa, and Bahrain Financial Exchange (BFX). Launched in 2003, MCX went on to become the crown jewel of Shah’s exchange ecosystem. Owing to Shah’s leadership, MCX became the second-largest commodity exchange globally and the largest exchange in gold and silver futures.

5. A GLOBAL FOOTPRINT Jignesh Shah’s impact was not confined to India; his exchanges in Dubai, Singapore, and Africa linked India to global financial systems, adding considerable value to the country’s reputation as a leader in the segment. The electronic trading platforms and ecosystems he created not only generated employment opportunities and broadened capital access but also created impact on the global stage. The integration was more than just a profit strategy; it was about building an industrial ecosystem where India was no longer at the mercy of world markets.

6. BEYOND MARKETS SOCIAL AND RURAL IMPACT Just as Jignesh Shah grew the markets through his innovations, he concurrently advocated for social change and financial inclusion through various programmes. Through a partnership with India Post, he implemented initiatives like Gramin Suvidha Kendra to increase market accessibility for rural populations. Similarly, the Pragati programme in collaboration with Rotary International equipped underprivileged youth with education and skills.

7. FROM FINTECH TO NEW-AGE TECH After relinquishing all of his executive roles at the company, Shah continues to guide and advise Jignesh Shah 63 moons in the roles of coach and mentor, and the company continues to disrupt the new frontiers in tech, cybersecurity, legal tech, and Web 3 markets under his mentorship. He once famously said that cybersecurity is the “oxygen” of the digital economy. Shah continues to emphasise that cybersecurity is paramount for this new-age world because it keeps the entire system alive. With solutions such as 63SATS, the company is leveraging its prowess to combat global cyber threats. Similarly, other ventures such as QI Legal strive to make legal infrastructure more efficient and justice delivery more accessible, and 3.0 Labs is conducting pioneering work in the realm of blockchain and decentralised Web 3.

8. RECOGNITION AND ACCOLADES Jignesh Shah’s contributions have been acknowledged worldwide. He was named a Young Global Leader by the World Economic Forum. He received the “US-India Businessman of the Year” award and was listed in CLSA’s “Top 20 Indians.” Forbes also ranked him among India’s richest people until 2010. One of the most notable acknowledgments came from Dr. APJ Abdul Kalam presented him with the Indian Express Innovation Award for his role in transforming financial markets.

9. THE LEGACY OF A MARKET MAKER How Did Jignesh Shah Strengthen the Financial Markets of India? By combining technology and vision, by creating world-class exchanges that stood on par with the best globally, and by ensuring that financial development translated into job creation and broader social progress.

10. THANK YOU • https://jigneshshahinnovator.com