Financial Technologies in India – The reason is Jignesh Shah

Born in a Gujrati family, Jignesh Shah had decided to make his mark on the stock markets at the early age of 8. He worked on campaigns for the Bombay Stock Exchange before modifying the Indian stock markets forever by introducing financial technologies through his company Financial Technologies Limited (FTIL), now known as 63 Moons.

Jignesh Shah – A personality of many traits

Jignesh Shah is an avid reader of business related materials and autobiographies of famous entrepreneurs and derives great inspiration from them. Taking one step at a time, Jignesh Shah provided mass employment in the sector and took India on excursions of progressive growth and a provided a better economy. Jignesh Shah awards list includes the prestigious Forbes List of richest Indians till 2010.

The Target reveals an account of drafted conspiracies

Shantanu Guha Ray, an investigative journalist took it upon himself to assimilate the facts pertaining to the NSEL case and wrote a book on Jignesh Shah about his journey and targeted conspiracies by top bureaucrats owing to vested interests. Jignesh Shah’s situation can be compared to Dhirubhai Ambani’s who also faced a set of attempts to terminate his progress. ‘The Target’ is a verified account that analyzes his story in the light of the Indian epic Mahabharata. Jignesh Shah has also been compared to John Galt, a famous character from Ayn Rand’s book who took the responsibility of the world upon himself. And rightly so, Jignesh Shah stands a solitary pioneer on the altar of web based financial and stock market technologies.

Jignesh Shah has shown nothing but courage thought his career and especially during the investigations in the NSEL case by following the judicial processes with patience. The following extract from the book will give a perspective on his perseverance:

“Shah worked overtime with Exchanges, patiently waiting outside the offices of pettifogging officials, who opposed him. He almost single-handedly fought battles against competitors, regulators and rivals, often in the courts. There were times when Shah almost threw in the towel, wondering why the Indian business environment was plagued with politicians openly abusing their powers and bureaucrats deaf to genuine arguments. But seconds later, he again bounced back into the ring to shape his dreams.”

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