Jignesh Shah Case
The Jignesh Shah Case has garnered significant attention due to its impact on India's financial landscape. As the founder of Jignesh Shah FTIL and Jignesh Shah Financial Technologies, his vision helped shape the Indian financial market. Known for his role in establishing Jignesh Shah NSEL and Jignesh Shah MCX, Jignesh Shah played a key part in revolutionizing commodity trading in India. Despite the challenges presented by legal issues, his legacy remains closely tied to the growth of financial technology and market infrastructure in India, solidifying his influence in the industry.
How 63 Moons' ODIN Impacted Over 1 Crore Lives. Fostering Financial Inclusion: Jignesh Shah’s Contribution. Jignesh Shah NSEL. Jignesh Shah MCX. Ajay Srinivasan on What Lies Beyond AI: Ten Emerging Frontiers of Innovation - Blog View - Socialmobie.com. Every era in technology leaves behind a defining legacy – a transformation that reshapes how global industries and humans work. The 1990s were the software era, the 2000s saw the mobile and internet revolution, and the 2010s saw cloud computing and social media.
The 2020s, as pointed out by one of the well recognised business leaders and the former CEO of Aditya Birla Capital, Ajay Srinivasan, are unmistakably the decade of artificial intelligence. But besides the evolving AI wave that will continue revamping several industries, new frontiers are taking shape- each with the potential to redefine innovation in the coming decade. As discussed in Ajay Srinivasan's news, here are the ten emerging sectors poised to create immense value and transform how we live, work, and sustain our planet. 1. The healthcare model has shifted from “sick care” to continuous, customised health management. 2. Synthetic biology is rapidly transforming the food, materials, and pharmaceutical industries. 3. 4. 5. How Jignesh Shah’s Financial Technologies Transformed India’s Exchange Ecosystem. How Jignesh Shah Strengthened India’s Financial Markets Read Here.pptx. Jignesh Shah MCX, FTIL & Financial Techn.. Why Jignesh Shah’s Vision for MCX Still Inspires India’s Fintech Aspirations - Blog View - Socialmobie.com.
There are only a few defining moments in the evolution of Indian markets that continue to inspire and inform us even today. One of those chapters is the creation and rise of the Multi Commodity Exchange (Jignesh Shah MCX) under Jignesh Shah’s leadership. More than just a successful exchange, it was a statement that India could build financial institutions on par with the best in the world, leveraging local innovation and technology while being accessible to ordinary citizens. Even today, years after MCX’s landmark IPO, Shah’s vision serves as a beacon for what Indian fintech can aspire to achieve.
To understand why, we need to revisit how Jignesh Shah MCX came to be and what made it so transformative. Reimagining Exchanges Before “Fintech” Was a Term Back in 1995, when Shah established Financial Technologies India Ltd. What set MCX apart was its ability to bring commodity trading into the mainstream. That goal did indeed pay off. The Historic Jignesh Shah MCX’s Public Listing. How Jignesh Shah MCX Shaped Global Commodity Exchanges.
Skip to content How Jignesh Shah’s Ideas Shaped Global Commodity Exchanges Home » How Jignesh Shah’s Ideas Shaped Global Commodity Exchanges September 12, 2025 Jignesh Shah is a pivotal figure in the story of modern commodity trading. From Vision to Reality At the dawn of the 21st century, the commodities market in India was unorganised and lacked credibility compared to the global markets. Jignesh Shah’s revolutionary idea was to use technology to scale markets while also ensuring transparency and efficiency. Jignesh Shah MCX’s speed of rise spoke volumes. Jignesh Shah MCX: Raising the Bar for Global Standards What Shah did differently was to make Jignesh Shah MCX global in its outlook from day one. Shah’s ambition and pragmatism worked wonders, and MCX swiftly moved up to being the second-largest commodity exchange in the world and #1 in gold and silver futures.
ALSO READ: How Jignesh Shah MCX became the First Exchange to Be Listed on India’s Stock Markets? Global Ripples of Shah’s Ideas. Moodle. How Jignesh Shah’s Financial Technologies Transformed India’s Exchange Ecosystem – Jignesh Shah MCX, FTIL & Financial Technologies. Laying the Foundation with FTIL Picture this: It’s the mid-1990s, and India’s financial markets are still clunky, paper-bound relics of a bygone era. Enter Jignesh Shah, a sharp-minded engineer with a knack for spotting gaps in the system. He doesn’t just tinker; he builds an empire. Shah Founded Jignesh Shah Financial Technologies India Ltd (Jignesh Shah FTIL), now known as 63 moons technologies, in 1995, Shah sparked a revolution that didn’t just tweak India’s exchange landscape; it redefined the workings of the markets from the ground up.
Drawing from his hands-on experience in being a part of digitizing the Bombay Stock Exchange’s trading journey, Shah saw the chaos, inefficient trading, limited access, opaque pricing, and thought, why not fix it all? Jignesh Shah FTIL became his lab for innovation, churning out IP-driven and tech-enabled solutions that made finance equitable. Revolutionizing Commodities: The MCX Breakthrough Powering Progress: The Indian Energy Exchange. Jignesh Shah MCX Fostering Financial Inclusion. Jignesh Shah’s Global Blueprint From FTIL to Building Multi-Asset Class Exchanges Worldwide. Jignesh Shah FTIL, MCX & Financial Technologies.
Jignesh Shah MCX, FTIL & Financial Technologies – Jignesh Shah’s vision turned FTIL and MCX into trailblazers of modern financial innovation. Jignesh Shah MCX, FTIL & Financial Technologies videos - Dailymotion. Jignesh Shah’s Global Blueprint: From FTIL to Building Multi-Asset Class Exchanges Worldwide. Jignesh Shah, the visionary founder of Financial Technologies India Ltd (FTIL), now known as 63 moons technologies, charted a course that extended India's financial innovation to the global stage. Beginning with FTIL's establishment in 1995, Shah's blueprint for multi-asset class exchanges revolutionised trading ecosystems worldwide. While his domestic ventures like the Multi Commodity Exchange (Jignesh Shah MCX) laid the groundwork, it was his international expansions that truly showcased his ability to forge strategic collaborations and disrupt traditional markets. This article explores Shah's journey from FTIL's inception to the creation of pioneering exchanges across continents, highlighting the partnerships that amplified their impact.
The Foundation: FTIL's Inception and Disruption of Domestic Markets The flagship venture, Multi Commodity Exchange (MCX), established in 2003, became India's only exchange to go public in 2012. Bourse Africa: Empowering African Markets. Jignesh Shah FTIL’s Fintech Innovations Building World-Class Exchange Ecosystems. Jignesh Shah FTIL’s Fintech Innovations: Building World-Class Exchange Ecosystems – Jignesh Shah FTIL, MCX & Financial Technologies.
Jignesh Shah, the visionary founder of Financial Technologies (India) Limited (Jignesh Shah FTIL), now Jignesh Shah 63 moons technologies, reshaped global financial markets through his indomitable spirit and pioneering fintech solutions. From humble beginnings, Shah built a constellation of ten world-class exchanges and transformative technologies that rivaled global giants in quality and impact. His ecosystems empowered millions, connected continents, and positioned India as a fintech powerhouse. Visionary Foundations: The Genesis of Jignesh Shah FTIL Launching a Fintech Revolution In 1995, Shah, an engineer-turned-entrepreneur, founded Jignesh Shah FTIL in Mumbai to modernize India’s fragmented financial markets.
Unlike global fintech leaders who built on established systems, Shah envisioned ecosystems that bridged rural-urban divides and integrated India with global markets. Public-Private Partnership (PPP) Model ODIN: Democratizing Trading Pioneering Exchange Ecosystems Atom Technologies. Jignesh Shah Financial Technologies: A Vision Beyond Time. Before “fintech” became the go-to buzzword for innovation in financial services, Jignesh Shah was already creating a revolution. In an era when India’s markets were largely manual, opaque, and limited to a privileged few, Shah envisioned and built digital trading ecosystems that would later be considered textbook examples of fintech innovation. His story is not just about entrepreneurship — it’s about being decades ahead of his time. In the late 1990s, India’s financial infrastructure was tightly controlled and lacked technological agility. Jignesh Shah, a former engineer at the Bombay Stock Exchange, noticed the inefficiencies and systemic gaps in market access, speed, and transparency.
Founding Jignesh Shah Financial Technologies (Now 63 Moons) In 1998, he founded Jignesh Shah Financial Technologies India Ltd (FTIL), now known as 63 Moons Technologies, with a clear mission: “To use technology as the backbone for inclusive and efficient financial markets.” Shah didn’t stop in India. Jignesh Shah MCX - Created One Million Jobs. Jignesh Shah Catapulted MCX to Become World’s 2nd Largest Commodity Exchange. NSEL investors forum seeks Maharashtra CM's support for Rs 1,950-crore settlement - Daily Excelsior. NEW DELHI, June 29: The NSEL Investors Forum (NIF) has written to Maharashtra Chief Minister Devendra Fadnavis, seeking his support for a proposed one-time settlement worth Rs 1,950 crore between investors and the National Spot Exchange Ltd (NSEL).
This long-awaited settlement aims to bring major relief to thousands of traders whose funds have remained stuck since the NSEL payment crisis of July 2013. In a letter addressed to the Chief Minister on June 19, the forum appealed to the state government to avoid any adverse actions that could hinder the settlement process. It stated that “any decent or negative response from the State/ Competent Authority/ EOW in the NCLT might derail or delay the settlement process.” To facilitate a smooth resolution, the forum has requested the state government to designate a senior legal expert with expertise in company law to represent and guide the state’s stance before the NCLT. This is not the first time NSEL and 63 moons have attempted to offer relief.
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 21 May 2025 | Stock Market News. Buy or sell stocks: Following reports of increasing COVID-19 cases in Southeast Asian countries, the Indian stock market witnessed a sharp correction on Tuesday. The Nifty 50 index finished 261 points lower at 24,683. The BSE Sensex crashed 872 points and closed at 81,186. The Bank Nifty index ended 543 points lower at 54,877. Nifty Midcap100 and Smallcap100 indices closed weak, forming bearish "Engulfing" candlestick patterns. Midcap 100 fell 1.62% while Smallcap 100 dropped 0.94%. Market breadth turned negative after six consecutive positive days, with the BSE advance-decline ratio at 0.58. All sectoral indices closed in red, with Auto, Healthcare, Media, and Pharma experiencing the heaviest losses. Stock market today Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market bias has turned cautious to positive after slipping below 24,800 on a closing basis.
Vaishali Parekh's stock recommendations today. Jignesh Shah – Powering Innovation in Global Financial Markets. Timeout performing GET (5000ms), next: SETEX DevNews:3519190, inst: 50, qu: 15, qs: 0, aw: False, bw: Activating, rs: ReadAsync, ws: Idle, in: 63, last-in: 3402, cur-in: 0, sync-ops: 1594900, async-ops: 957732, serverEndpoint: devdiscoursecache.redis.cach. Description: An unhandled exception occurred during the execution of the current web request. Please review the stack trace for more information about the error and where it originated in the code. Exception Details: StackExchange.Redis.RedisTimeoutException: Timeout performing GET (5000ms), next: SETEX DevNews:3519190, inst: 50, qu: 15, qs: 0, aw: False, bw: Activating, rs: ReadAsync, ws: Idle, in: 63, last-in: 3402, cur-in: 0, sync-ops: 1594900, async-ops: 957732, serverEndpoint: devdiscoursecache.redis.cache.windows.net:6380, conn-sec: 58156.57, aoc: 0, mc: 1/1/0, mgr: 10 of 10 available, clientName: wn0sdwk000MV0(SE.Redis-v2.7.27.49176), IOCP: (Busy=0,Free=1000,Min=2,Max=1000), WORKER: (Busy=76,Free=32691,Min=2,Max=32767), v: 2.7.27.49176 (Please take a look at this article for some common client-side issues that can cause timeouts: Source Error: Source File: C:\home\site\wwwroot\Views\Article\Index.cshtml Line: 306.
NSEL investors forum seeks Maharashtra CM's support for Rs 1,950-crore settlement. New Delhi, Jun 29 (PTI) The NSEL Investors Forum (NIF) has written to Maharashtra Chief Minister Devendra Fadnavis, seeking his support for a proposed one-time settlement worth Rs 1,950 crore between investors and the National Spot Exchange Ltd (NSEL). This long-awaited settlement aims to bring major relief to thousands of traders whose funds have remained stuck since the NSEL payment crisis of July 2013. In a letter addressed to the Chief Minister on June 19, the forum appealed to the state government to avoid any adverse actions that could hinder the settlement process.
It stated that "any decent or negative response from the State/ Competent Authority/ EOW in the NCLT might derail or delay the settlement process. " To facilitate a smooth resolution, the forum has requested the state government to designate a senior legal expert with expertise in company law to represent and guide the state's stance before the NCLT. NSEL Investors Seek Rs 1950 Cr Settlement Support: Rediff Moneynews. NSEL Investors Forum seeks Maharashtra CM's support for a Rs 1,950 crore settlement with NSEL, aiming to resolve the 2013 payment crisis. The NCLT hearing is scheduled for July 11. New Delhi, Jun 29 (PTI) The NSEL Investors Forum (NIF) has written to Maharashtra Chief Minister Devendra Fadnavis, seeking his support for a proposed one-time settlement worth Rs 1,950 crore between investors and the National Spot Exchange Ltd (NSEL).
This long-awaited settlement aims to bring major relief to thousands of traders whose funds have remained stuck since the NSEL payment crisis of July 2013. In a letter addressed to the Chief Minister on June 19, the forum appealed to the state government to avoid any adverse actions that could hinder the settlement process. It stated that "any decent or negative response from the State/ Competent Authority/ EOW in the NCLT might derail or delay the settlement process. " The NCLT has already admitted the company petition, with the final hearing scheduled for July 11. NSEL investors forum seeks Maharashtra CM's support for Rs 1 950-crore settlement- The Week. New Delhi, Jun 29 (PTI) The NSEL Investors Forum (NIF) has written to Maharashtra Chief Minister Devendra Fadnavis, seeking his support for a proposed one-time settlement worth Rs 1,950 crore between investors and the National Spot Exchange Ltd (NSEL).
This long-awaited settlement aims to bring major relief to thousands of traders whose funds have remained stuck since the NSEL payment crisis of July 2013. In a letter addressed to the Chief Minister on June 19, the forum appealed to the state government to avoid any adverse actions that could hinder the settlement process. It stated that "any decent or negative response from the State/ Competent Authority/ EOW in the NCLT might derail or delay the settlement process. " To facilitate a smooth resolution, the forum has requested the state government to designate a senior legal expert with expertise in company law to represent and guide the state's stance before the NCLT.
NSEL Investors Forum seeks Maharashtra CM's Support for ₹1,950-Crore Settlement – Outlook Business. Jignesh Shah FTIL Journey From Entrepreneur to Influential Leader in Financial Technology. NSEL Investors Forum Seeks Maharashtra CM Fadnavis' Support For Rs 1,950-Crore Settlement. Jignesh Shah Financial Technologies Pioneered the Digital Exchange Era.pptx. NSEL Investors Forum seeks Maharashtra CM’s help on one-time settlement plan. Maharashtra Chief Minister Devendra Fadnavis | Photo Credit: SHASHANK PARADE The NSEL Investors Forum has written a letter to the Maharashtra Chief Minister Devendra Fadnavis seeking his intervention to execute the one-time settlement proposed by the exchange and brokers.
With the next hearing of the proposed one-time settlement case in NCLT slated for July 11, the Forum has urged the Chief Minister to issue necessary directions to the relevant state authorities not to take any hasty negative steps, which might derail and delay the proposal at the NCLT. “Any dissent or negative response from the State/Competent Authority/ EOW in the NCLT might derail or delay the settlement process.
Such negative response from state authorities to the NCLT might also be perceived as against the interest and welfare of the investors,” it said. For nearly 12 years investors have been waiting for the receipt of their lost monies due to settlement default on the exchange. Jignesh Shah Financial Technologies Pioneered the Digital Exchange Era. Investors forum urges Devendra Fadnavis to back Rs 1,950 crore settlement plan. In a major step toward resolving the long-standing NSEL payment crisis, the NSEL Investors Forum has reached out to Maharashtra Chief Minister Devendra Fadnavis, seeking the state’s support for a proposed Rs1,950 crore One-Time Settlement (OTS) between the National Spot Exchange Limited and its investors. The forum, which represents a significant number of affected investors, has emphasized the importance of government cooperation in facilitating the scheme, cautioning against any intervention from state agencies that could impede its progress.
Story continues below Advertisement According to the Forum, the settlement—nearly twelve years in the making—promises a recovery rate of approximately 48%, far surpassing the recovery benchmarks seen in typical insolvency proceedings. Investors have agreed to assign their claims to 63moons in return for the settlement amount, even as enforcement actions under MPID and PMLA Acts continue against defaulters.
NSEL investors forum seeks Maharashtra CM's support for Rs 1,950-crore settlement. NSEL investors forum seeks Maharashtra CM's support for Rs 1,950-crore settlement. NSEL Crisis Nears Closure: 63 Moons Agrees To Rs 1,950 Crore One-Time Settlement With Investors. Jignesh Shah MCX: World’s 2nd Largest Commodity Exchange. 63 moons, NSEL Investors Forum to appoint settlement monitoring panel. 63 Moons okays settlement in NSEL collapse. There is one more hurdle | Company Business News. 63 moons, NSEL Investors Forum to appoint settlement monitoring panel. 63 Moons okays settlement in NSEL collapse. There is one more hurdle | Company Business News. NSEL: ED attaches fresh Rs 116-crore worth assets. Jignesh Shah FTIL, MCX & Financial Technologies – Jignesh Shah – Powering Innovation Through MCX and Financial Technologies. Jignesh Shah Financial Technologies Pioneered the Digital Exchange Era – Jignesh Shah FTIL, MCX & Financial Technologies.
Jignesh Shah MCX - Putting India on the Global Commodity Map. ED attaches properties worth ₹115.86 cr in NSEL fraud case | Mumbai news. Enforcement Directorate attaches assets worth Rs 116 crore in NSEL case | Mumbai News. Green signal for settlement scheme for brokers associated with unregulated algo platforms. Jignesh Shah MCX: Fostering Financial Inclusion | PPT. The Journey of Jignesh Shah’s FTIL and MCX Innovation, Impact and Beyond.pptx.
The Journey of Jignesh Shah’s FTIL and MCX Innovation, Impact and Beyond. Jignesh Shah’s FTIL Changed the Game for Indian Exchanges.pptx. Jignesh Shah’s FTIL Changed the Game for Indian Exchanges. Jignesh Shah Case - Jignesh Shah MCX: Innovation, Disruption and Resilience. Jignesh Shah MCX & FTIL: Innovation, Impact and Beyond. Jignesh Shah FTIL Changed the Game for Indian Exchanges. Jignesh Shah MCX: Fostering Financial Inclusion. Jignesh Shah Case presentations. Dailymotion. Jignesh Shah's Vision for FTIL and Its Role in Financial Market Reforms | PPT. NSEL settlement plan gets nod from 93% investors. Jignesh Shah Financial Technologies.pptx. NSEL says receives overwhelming response on one-time settlement scheme.
Over 90% traders willing to settle: NSEL. Jignesh Shah Financial Technologies (FTIL) Transformed India’s Financial Markets. Dailymotion. Jignesh Shah Case presentations. Jignesh Shah Financial Technologies (FTIL) Transformed India’s Financial Markets. Jignesh Shah’s Vision for FTIL and Its Role in Financial Market Reforms – Jignesh Shah Case. Jignesh Shah - The Innovator and Czar of Exchanges by Jignesh Shah Innovator.
Why Jignesh Shah’s Role in Financial Technologies Still Shapes the Industry Today.pptx. Jignesh Shah FTIL: Shaping the Future of India's Financial Ecosystem. Jignesh Shah MCX - Created One Million Jobs.pptx. Jignesh Shah Case - Why Jignesh Shah’s Role in Financial Technologies Still Shapes the Industry. How Jignesh Shah MCX Became the First Exchange to Be Listed on India’s Stock Markets? | PPT. Dailymotion. Jignesh Shah FTIL: From Entrepreneur to Influential Leader. A Global Leader: Jignesh Shah's Journey from Innovator to International Icon. How Jignesh Shah Created 10 World-class Exchanges in 10 Years? How 63 Moons' ODIN Impacted Over 1 Crore Lives. Jignesh Shah Case Blogs. How Jignesh Shah MCX Became the First Exchange to Be Listed on India’s Stock Markets? – Jignesh Shah Case. Jignesh Shah Catapulted MCX to Become World’s 2nd Largest Commodity Exchange.
How Jignesh Shah’s MCX Created One Million Jobs – Jignesh Shah Case.