Jignesh Shah: Justice Can Be Delayed But Not Denied

Within a decade, engineer-turned-innovator Jignesh Shah shook the exchange markets and revolutionized it under his strong leadership and in no time successfully rolled out a series of

tech-based innovations. Jignesh Shah’s ability to execute world-class exchange products with unmatched speed and focus, coupled with his innovative IP (Intellectual Property) centric business model gave FT Group, an advantage to deliver exceptional shareholder returns in just a span of 10 years.

Jignesh Shah and his company’s meteoric rise, however, was soon seen as a threat by the monopolistic forces who worked overnight to eliminate him from the exchange business. These vested interests formed a nexus that premeditated a payment default crisis at one of his subsidiaries—the National Spot Exchange Limited (NSEL) in 2013.

Jignesh Shah and his flagship company, FTIL, now known as 63 moons tech, was persecuted without a fair trial. Despite enough evidence of the entire money trail being traced to the 24 defaulters and not a paisa to the exchange, its parent company FTIL and to Jignesh Shah, the group was targeted by vested interests who did not want the investigation to move in the direction of the 24 defaulters and their broker godfathers.

However, Jignesh Shah’s faith and confidence in truth and justice did not let him give up on fighting for the truth. This can be validated with two of the recent court orders—the Supreme Court setting aside the forced merger of 63 moons with NSEL in April 2019 and the quashing of the attachment of assets of Jignesh Shah’s company in NSEL case in August 2019. At last, the faces of the true culprits are out in the open. 

The Exchange King now wants to storm the startup space, the pet cause of PM Narendra Modi, since he feels that it is still possible to create as many as 10 crore jobs for young entrepreneurs from out of the start-up space in the next 10 years. All the luck to him!