How Jignesh Shah Transformed 63 moons into a Global Fintech Force

1. Jignesh Shah • Transformed 63 moons into a Global Fintech Force

2. INTRODUCTION Jignesh Shah’s trailblazing vision and relentless drive transformed 63 moons technologies, formerly Financial Technologies India Ltd. (FTIL), into a global fintech powerhouse. From driving India’s fintech story before the word ‘fintech’ existed to pioneering revolutionary exchanges, Jignesh Shah’s genius has reshaped India’s financial landscape and elevated 63 moons to international prominence. This article explores how Jignesh Shah’s foresight and entrepreneurial spirit built a world-class fintech ecosystem, cementing his legacy as a global innovator.

3. THE GENESIS OF A VISIONARY His early innovation, Jignesh Shah NSEL ODIN, a broking solution disrupted markets owing to its state-of-the-art features such as comprehensive risk management system empowering over 80 real-time risk management checks per order and tracking real-time settlement position with mark-to-mark facility and scientific price discovery empowered ODIN to capture 80% of India’s market, thereby becoming the market leader against stiff competition. ODIN set the stage for Jignesh Shah 63 moons’ global ascent, showcasing Shah’s ability to bridge market gaps with disruptive technology.

4. PIONEERING EXCHANGES: JIGNESH SHAH MCX AND IEX Jignesh Shah’s most iconic achievement was the creation of the Multi Commodity Exchange (MCX) in 2003. By introducing transparent futures trading, MCX empowered farmers and traders, mitigating price volatility. Under Shah’s leadership, MCX became the world’s second-largest commodity exchange by 2011 and #1 in gold and silver, generating more than 1 million jobs and contributing 1% to India’s GDP and became India’s first commodity exchange to go public. Jignesh Shah’s strategic use of 63 moons’ proprietary technology enabled MCX to operate at a fraction of global costs, a testament to his operational brilliance.

5. GLOBAL EXPANSION: A NETWORK OF EXCHANGES • Jignesh Shah’s ambition extended 63 moons’ reach beyond India, forging a global network of exchanges. Ventures like the Dubai Gold and Commodities Exchange (DGCX) and Singapore Mercantile Exchange (SMX) and Bourse Africa integrated India into international markets, creating jobs and enhancing financial connectivity. Shah’s partnerships with international reputable entities amplified 63 moons’ influence, positioning India as a fintech leader. His Public-Private Partnership (PPP) model ensured scalability, earning him global accolades like the ‘Young Global Leader’ title from the World Economic Forum.

6. INNOVATING FOR THE FUTURE • After relinquishing all of his executive positions, Jignesh Shah is the coach and mentor of 63 moons. 63 moons steers the tide of innovation in the digital era of cybersecurity, legal tech, and Web 3.0. Recognizing India’s rising digital influence, Shah emphasized cybersecurity’s critical role, stating, “If data is oil and AI is the brain, then cybersecurity is the oxygen.” 63 moons’ solution, 63 SATS, protects users from cyber threats, positioning the company at the forefront of a market projected to reach ₹1 lakh crore by 2029. With QILegal, 63 moons envisions a safe and secure digitalization of the legal system of the country, countering inefficiency and clutter of traditional ways of the BABU-lead ecosystem.

7. A LEGACY OF RESILIENCE Jignesh Shah’s foundational contributions to 63 moons endure, his creation of a fintech ecosystem from the grassroots, generating millions of jobs and integrating India into global markets, stands as India’s original “Make in India” story. Shah’s philosophy, “Every step we take is copied in months”, reflected his relentless innovation, setting a blueprint for future entrepreneurs. Jignesh Shah 63 moons’ continued success affirms Shah’s enduring influence.

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