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JIGNESH SHAH A TECHNOPRENEUR UNDONE BY INJUSTICE AND RARING TO GO

Lists abound of the greatest entrepreneurs of the modern world. The names may vary here and there but a handful make it to most of such lists. However, fintech innovator Jignesh Shah, currently chairman emeritus, 63 moons, makes the cut, through his sustained innovation and has also successfully transformed the face of the Indian financial markets helping the country realise its u2018Make in Indiau2019 in the 1990s.

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JIGNESH SHAH A TECHNOPRENEUR UNDONE BY INJUSTICE AND RARING TO GO

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  1. JIGNESH SHAH A TECHNOPRENEUR: UNDONE BY INJUSTICE AND RARING TO GO

  2. Lists abound of the greatest entrepreneurs of the modern world. The names may vary here and there but a handful make it to most of such lists. However, fintech innovator Jignesh Shah, currently chairman emeritus, 63 moons, makes the cut, through his sustained innovation and has also successfully transformed the face of the Indian financial markets helping the country realise its ‘Make in India’ in the 1990s.

  3. Jignesh Shah went on to set up 10 world-class exchange companies under his flagship company Financial Technologies India Limited (FTIL), in various asset classes, in just 10 years across India and abroad. Shah also successfully established electronic silk and spice routes right from Africa to the Middle East and South-East Asia.

  4. However, these efforts were undermined at the behest of certain vested interests who launched a premeditated massive assault on the company and its founder. This assault came out in the form of a Rs 5,600 crore payment default crisis at one of company’s subsidiaries—the National Spot Exchange Limited (NSEL). Fearing FTIL’s rapid growth, the negative forces worked around the corner to bring Jignesh Shah’s empire down. However, the world slowly took note of the six-year-long assault in the form of the two recent court orders. In August 2019, the Bombay High Court quashed attaching assets of Jignesh Shah’s flagship company 63 moons technologies in the NSEL case as it ruled that NSEL was not a financial establishment.

  5. THANK YOU

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