The Financial Technologies Group, now known as 63 moons technologies limited, has played a prominent role in the Indian financial system with the distinction of being the only entity in India and perhaps among the emerging markets, to have set up exchanges covering all the asset classes including equity, debt, currency, commodities and energy along with an extensive ecosystem of supporting institutions.
The story of Jignesh Shah, the promoter of 63 moons technologies, who from being a rookie engineer to a billionaire even before he reached 40 years of age, has been a great motivation to a number of young people in India. Fascinatingly, he achieved this success not by seeking favors and grants from the Government or taking tax exemptions or thriving on monopoly market or profiting from labor arbitrage.
All the ventures of the company are extremely job-oriented, revenue generating and employment-intensive. Commodities exchange and ecosystem have created a huge network of multiple players in the economy with plenty of opportunities for profitable business and sustainable incomes.
According to a study by Tata Institute of Social Sciences (TISS), MCX alone generated more than a million jobs in the commodities ecosystem. The exchanges ventures promoted 63 moons created a huge network of stakeholders and beneficiaries that drew strength and benefit from one another.
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