Before “Make in India” became a national campaign, Jignesh Shah was already living its core philosophy—building world-class institutions through homegrown innovation. His work through Jignesh Shah 63 Moons not only transformed India’s financial markets but also sparked a grassroots revolution that empowered millions, especially in rural India. Long before government-backed initiatives gained traction, Shah had already created a globally respected financial infrastructure using entirely Indian technology and talent.

Jignesh Shah – An Entrepreneur with a National Vision

Jignesh Shah began his journey not with inherited wealth or international support but with a clear vision—to make India a powerhouse in financial markets using indigenous technology. He believed that India had the potential not just to participate in global markets, but to lead them. This belief fueled the founding of Financial Technologies India Ltd. (FTIL), now known as Jignesh Shah 63 Moons Technologies Ltd.

His aim was broader than mere profit. He sought to democratize access to finance, bridging the rural-urban divide by giving farmers, small traders, and underserved businesses the tools and knowledge they needed to succeed.

The Multi-Exchange Milestone: 10 World-Class Platforms in a Decade

One of Shah’s most remarkable achievements was building 10 multi-asset exchanges between 2003 and 2013—an unparalleled feat that reflected his strategic brilliance and executional excellence. These platforms spanned all asset classes—commodities, currencies, equity, debt, and energy.

Key Exchanges Under the ‘Make in India’ Vision:

• MCX (Multi Commodity Exchange): Revolutionized commodity trading in India and created over a million jobs.
• IEX (Indian Energy Exchange): Brought transparency and efficiency to India’s energy sector.
• MCX-SX (Now Metropolitan Stock Exchange): Challenged the monopoly of NSE and BSE in currency trading.
• NSEL (National Spot Exchange): Empowered farmers with real-time market access for agricultural produce.

Each of these exchanges was conceptualized, developed, and scaled entirely in India, making them symbols of true “Make in India” innovation.

Technology at the Core: Homegrown, Scalable, Disruptive

What set Jignesh Shah 63 Moons apart was its cutting-edge, cost-effective technology. From ODIN—India’s most widely used trading platform with 80% market share in the broking industry—to real-time data platforms like Ticker, Shah created tech that rivaled global systems, but at a fraction of the cost.

His platforms catered to Indian nuances while maintaining global standards, proving that India didn’t need to import innovation—it could export it.

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Empowering the Grassroots: Finance for the Forgotten

Shah’s exchanges and platforms didn’t just serve urban financial institutions—they were designed for grassroots participation.

• Gramin Suvidha Kendras: Helped farmers decide when to sow or sell crops.
• NBHC (National Bulk Handling Corporation): Provided warehousing, grading, and credit support for agri-produce.
• Commodity Markets: Enabled small traders and farmers to hedge against price volatility and gain fair value for their produce.

By offering end-to-end solutions, Shah’s ecosystem helped rural India integrate into the formal financial economy.

A Legacy That Defines the ‘Make in India’ Spirit

Long before the phrase became policy, Jignesh Shah had already showcased what “Make in India” truly meant—building for the nation, from the nation, with a global outlook. His grassroots revolution touched every segment of society—bringing inclusion, efficiency, and empowerment.

Conclusion: The Unsung Pioneer of India’s Financial Renaissance

Jignesh Shah’s journey is not just a business story—it’s a blueprint for how visionary entrepreneurship can spark national transformation. Through Jignesh Shah 63 Moons, he built platforms that still shape India’s financial markets and uplift communities across the country.

In a world now striving for self-reliance, Shah’s decade-old revolution stands as a testament to the power of indigenous innovation—a revolution that arguably gave India its very first ‘Make in India’ success story.