It is one thing to create a business of your own and quite another to create institutions of larger good. It is in this context that the contributions of tech innovator and entrepreneur, Mr Jignesh Shah, become important. Each and every business that Mr Jignesh Shah created has been a greenfield venture that reached global scale and significance. MCX, MCX-SX, IEX reached global rankings within a short time of establishment.
Every exchange that Mr Jignesh Shah created out of his FTIL Group, now known as 63 moons technologies, had collaboration and participation of public and private sectors and gave intense competition to the existing monopolies and oligopolies: IEX with a mix of public and private sector power distribution companies, MCX with dominant shareholding of the public sector banks and MCX-SX in which more than 90 percent of the ownership was held by public sector banks and financial institutions. All exchanges that he created had a purpose: MCX to provide India with price discovery in commodities; IEX to ensure reliable and cost-effective electricity distribution; NSEL to develop a national market system for commodities and MCX-SX to promote capital markets and develop rural entrepreneurs. These exchanges provided numerous opportunities for the public in terms of business opportunities, newer sets of skills and expertise. All his establishments were built to be inclusive in the sense that market opportunities and operations were brought to the doorstep of people in small towns and cities as also women and youths, rural or urban, with education, native skills, etc. The same spirit was evident in making strong India’s footprints in international financial centres by setting up multi-asset-class exchanges. Efficiencies in technology solutions and standards enabled Indian business and trading community to engage with financial markets with greater intensity than ever, which led to overall enhancement of their financial management.
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What makes the tech innovator Jignesh Shah stand out from the rest of the crowd of Indian businesses is the philosophy that blends growth of business with social inclusion, which can lead to several welfare benefits to the country.
Mr. Jignesh Shah is a rare genius who transformed the landscape of Indian financial markets in less than a decade to take it to global standards in operations and scale and size. Beginning with the establishment of Financial Technologies that pioneered multi-asset-class trading platforms in India that made Indian stock market industry indigenously dependent on technology and trading solutions, his visionary work expanded into creating some of the finest exchange infrastructure institutions that the world has seen in the recent times. He belongs to a rare breed of entrepreneurs whose passion is only to put India on the top of enterprise; make the country’s financial markets the most significant one east of Suez; enable Indian businesses to transact across international financial centres; enable real economy players to harness the benefits of risk management through hedging and trading; create jobs, incomes and sustainable livelihoods in an all-inclusive manner and approach; contribute to the exchequer from the day one of operations of each and every enterprise; nurture talent; build expertise; and in all this endeavour create a brand for India that the nation can display with pride and passion. All his contributions came from the singular purpose of creating value for the country. He never sought any free land or concessions. Never asked for tax concessions. Most of his key enterprises were regulated by one or more regulators. Some of the best talent in the country and even from other countries were working for him. All businesses were built and brought to scale on the basis of Indian enterprise, capital and management that gave huge opportunities to the youths and women across the country. TickerPlant Limited is one of the leading global content providers in the financial information services industry that integrates and disseminates ultra-low latency data feeds, news and information to support investment decisions of professionals and investors. The real-time market data & information is distributed in user-friendly and flexible formats on TickerPlant's own state of the art platforms as well as on third-party sites, including mobile phones, at competitive prices. TickerPlant is a wholly owned subsidiary of Financial Technologies Ltd.
TickerPlant's adoption of open technology standards allows it to integrate content with rich features and analytical tools whereby enhancing customers experience and use of the data and information. The delivery and display of data and tools can be tailor-made to meet specific needs of customers. Resilient data management system and dedicated teams of information and technology specialists ensure the highest standards of data security, completeness, quality and authentication. TickerPlant's vision is to emerge as a leader in the financial content and solution space with comprehensive datasets which are complete, customizable, in-depth and authentic. |
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