Jignesh Shah, founder 63 Moons, has been facing adversity head on with his innovative solutions to marquee problems. His efforts have been linked to the financial technological revolution in India, with many investors considering him to be a thought leader extraordinaire. His current ongoing journey has been flagged by various legal challenges along with working with tech innovators to develop critical solutions.
Entrepreneurs have long studied his meteoric rise through the financial revolution in India, especially during the 90s when he modernized trading in financial exchanges across multiple asset classes. Being the pioneer in the “Make in India” movement, he’s created new growth in key markets across India, Africa, Middle East and South East Asia.
While most investors remember his efforts in the launch of the Multi Commodity Exchange of India Limited (MCX), many are learning from his ongoing battles with the allegations being made against him.
I – Perseverance is the Key
One of the major keys to success has been perseverance for the former FTIL promoter. He’s been working directly with the authorities through the NSEL INR 5600 crore case and appealed key orders that don’t comply with legal boundaries. He’s been instrumental in leveraging the legal framework designed for every citizen of the country, through deep research, hard work and a focused attitude.
II – Innovation Can Solve Complex Problems
Entrepreneurs can solve complex challenges when they rely on innovation. Using a blend of sophisticated technologies and having an innovative mindset can help you resolve any issue along your journey. Jignesh Shah faced adversity throughout his early days while forming revolutionary platforms and is using innovation even today to drive the JS Innovation Lab partnering with leading institutes and tech centres.
III – Face Tough Challenges Head-on
As Jignesh Shah moves towards his next chapter in 63 Moons, we’re reminded of his headstrong resolve and focused approach when it comes to challenges. He’s successful emerged from the Supreme Court ruling against the enforced merger of NSEL and 63 Moons (formerly FTIL). He’s also faced issues head-on when it came to challenging the ruling of the high court and filing an INR 10000 Cr damage suit against malicious actions undertaken. The journey of an innovator is always shaped by their strength during challenging scenarios.
IV – Transparency is an Important Tool
Throughout his illustrious career, Jignesh Shah has been transparent to the investment community and the regulators governing the industry. His transparency has helped strengthen his resolve and provided him greater returns. Transparency with the public and the media has also given him critical support that has helped him overcome challenges along the way. For entrepreneurs, this is the most important lesson.
