Pay heed to ‘The Target’: Jignesh Shah

Jignesh Shah, an exemplar of innovation and a flag bearer of the ‘Make in India’ campaign has created 18 unparalleled technological institutions that have put India in a solid position on the map of financial technologies.

Galt and Jignesh Shah fought against the system and both paid a heavy personal price – even suffered torture at the hands of the powerful – for prioritizing the interest of the collective mass. Neither ever strayed from their chosen paths, and strongly opposed the archaic ideas that revolved around some hackneyed beliefs that deny individual freedom. No wonder then, Galt and Shah became bywords for truly ‘free enterprise’, despite being pitted against some highly hostile environment.

As Shantanu Guha Ray, compares him to the controversial character of Ayn Rand’s book ‘Atlas Shrugged’ in his book ‘The Target’, he has become an idol in the stock trading world who has been defamed for personal gains by individuals as well as groups.

Few portals and institutions created by Jignesh Shah that have given without thought to the Indian populace are listed as follows:

ODIN:

Odin is considered to be one of the most significant trading technologies in India. It holds a million licenses across 2 lakh terminals in India. Odin is not only limited to India and is used abroad for exchanges developed under Financial Technologies.

Multi Commodity Exchange (MCX):

The Multi Commodity Exchange (MCX) is the leading entity in silver and gold futures globally and 2^nd largest in copper and natural gas futures. MCX is acclaimed for its span across 30 futures contracts. It is the first listed exchange in India.

National Bulk Handling Corporation (NBHC):

Integrated warehousing services, bulk handling, collateral management, testing and certification, commodity care and pest management are some of the valuable services provided by the NHBC. It deals in more than 150 commodities across 19 states.

Jignesh Shah has given unconditionally to the Indian society, but has received curt criticism and false allegations for the NSEL case. It is time that the Indian public paid attention to the story one of the biggest entrepreneurial pioneers in India.

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Jignesh Shah: The other side of the Target

A common bollywood story has a hero and a villain. A drama has long been playing in the backdrop of politics and stock exchange market. This drama too had a protagonist and an antagonist, but the viewers are still confused about who is who. The curtain unveiled a few days back with a well investigated script ‘The Target’.

The story of Jignesh Shah has been on a road full of ups and downs. It seems he was too focussed on reaching the horizon, but again, the road of business never comes with the  sign ‘Bumps Ahead’. Shah was awarded US-India businessman of the year in 2006, little did he know that in the coming years life was about to take a U turn. In ‘The Target’ Shantanu Guha Ray mentions:

In less than a decade, DGCX had positioned itself as a global financial hub, adjudged ‘Exchange of the Year 2013’, trading in bullion, currency and metals in Dubai (historically an important centre for trading in gold and other commodities).

This was a historical milestone for India, but in Delhi no reactions were forthcoming from the government, even the bureaucrats did not talk about the ground-breaking move. On the contrary, the government sent out feelers through the Mumbai-based Reserve Bank of India (RBI), wanting to know what was happening in Dubai, and whether or not Shah and his men were flouting the rules.

On one side where Jignesh Shah and his company were trying to restore the glory of Indian economy, everything else back home  was going wrong. Ray further clarifies this:

That was strange, if not absurd. A country that awards instant stardom to an Indian, who becomes the CEO of a global company, had no words of appreciation for an innovator and entrepreneur, who had achieved global recognition for excellence in building world-class financial institutions and services through lucid, well-regulated and well-audited processes.

However ‘cinematic’ the story may seem, all the events and characters in it are real. A lot of it has remained untold for years, but new facts have been brought in light which help us know more about the other side of the coin.

source url: http://www.newsking.us/jignesh-shah-the-other-side-of-the-target/