Posted by Jignesh Shah, the founder and former chairman of the 63 Moons Group, is a brilliant businessman who made a significant contribution to the infrastructure of the Indian financial sector. His ground-breaking ideas and creative methods have transformed exchange trading in India and other developing nations. Under his direction, the team established the Multi Commodity Exchange of India (MCX), the nation’s first commodity exchange and one of the biggest commodity futures exchanges in the world. Jignesh Shah’s dedication to CSR has also created programmes that give poor people access to education and training.
World-Class Financial Institutions
Jignesh Shah, known as the “Innovator of Modern Financial Markets,” has been instrumental in creating world-class financial institutions by driving the development of a fruitful Public-Private Partnership (PPP) model. He envisioned a financial system that would unite India with the world market while bridging the gap between rural and urban areas. He has led the 63 Moons Group, formerly Financial Technologies Limited (FTIL), to establish electronic silk and spice trade networks that span continents, from Africa to the Middle East and South-East Asia, going beyond conventional market structures.
Jignesh Shah’s career reached a crucial turning point with the 2003 launch of MCX. Since it was India’s first commodity exchange, MCX, a sister company of NSEL, gave traders a convenient way to participate in the market for commodity futures. Its success attracted attention from around the world, motivating nations and governmental organisations to work with the 63 Moons Group and encourage diverse exchanges globally.
Appreciation and Praise
Numerous important prizes and recognitions have been given in honour of Jignesh Shah’s outstanding efforts. Honouring his creative approach in the financial industry, the late President, Dr A.P.J. Abdul Kalam, presented him with the Indian Express Innovation Award. Senator Hillary Clinton honoured him with the US-India Businessman of the Year award in Washington, D.C., honouring his accomplishments as a vibrant business leader.
In addition, the Futures Industry Association (FIA) in Washington also named Jignesh Shah one of the “Dominant Financial & Futures Industry Leaders for 2008” for his outstanding leadership and vision. His status as a significant role in international finance was further cemented in 2007 when the World Economic Forum named him a Young Global Leader.
Through his initiatives to improve the lives of poor communities, Jignesh Shah’s dedication to social entrepreneurship is clear. To help those in need, programmes like “Pragati” with Rotary International and “Gramin Suvidha Kendra” in collaboration with India Post have been launched. These projects demonstrate his commitment to leveraging the force of markets to bring about good change and enhance people’s lives.
Vision, Ingenuity, and Social Impact: Jignesh Shah’s Contributions to Entrepreneurs and Markets
His career as the founder and chairman emeritus of 63 Moons Group is a notable example of his capacity to conceptualise and carry out game-changing innovations in the financial sector. Jignesh Shah has changed the exchange trading environment in India and elsewhere by developing top-tier financial institutions like MCX and fostering international alliances.
Jignesh Shah stands out as a caring leader in addition to his professional accomplishments due to his commitment to corporate social responsibility. His efforts to strengthen underserved communities demonstrate his faith in the transformational potential of education and training.
Jignesh Shah has received various honours and awards, and his efforts have been acknowledged nationally and internationally. His vision, ingenuity, and dedication to social impact will influence future generations of entrepreneurs and the financial markets.