Jignesh Shah MCX - Created One Million Jobs

Jignesh Shah Case28 May, 2025Business

Jignesh Shah, a visionary and an innovator, who invented the word fin-tech before it became popular by setting up an IP-driven technology company named Financial Technologies India Ltd., now known as 63 moons technologies Ltd., in 1995 for providing path-breaking fin-tech solutions to the broking industry and institutional players. Shah's relentless will and visionary foresight in 2003 were realised in the form of the Multi Commodity Exchange (Jignesh Shah MCX), a commodity exchange meant to bring order and openness to India's tumultuous commodity markets. Unlike conventional exchanges, Jignesh Shah envisioned MCX as a tech-driven, modern, and state-of-the-art commodity exchange that would empower individuals, businesses, and traders alike through better price risk management and an efficient price discovery process.