Born in 1967, Jignesh Shah is known as the father of India’s Finance and Trading Digitisation. He founded Financial Technologies (India) Limited (FTIL) in 1995 with a small capital of Rs 5 lakh. His brainchild FTIL is now amongst the leading service providers that dispenses futuristic exchange solutions to world-class trading terminals, such as banks, brokerage firms and other financial institutions.
Jignesh Shah is also called the ‘Innovator of Modern Financial Markets’ for his pioneering role in creating the Public Private Partnership (PPP) model. His vision in developing IP-centric financial markets and exchanges for varied asset classes, such as stocks, currencies, commodities and bonds has been tremendous and inspirational. He rightly mentions, “I consider myself to be a technology scientist”.
A millionaire tycoon, Jignesh Shah’s achievement is not just limited to FTIL. He transformedthe way exchange trading works not only in India, but severalother emerging economies as well.
The list of FTIL Group’s achievement seems never-ending. It includes numerous successful ventures, such as Multi Commodity Exchange (MCX), which is the world’s largest commodity futures exchange, the Dubai Gold & Commodities Exchange (DGCX), the Indian Energy Exchange (IEX), the Singapore Mercantile Exchange (SMX) and the Bahrain Financial Exchange (BFX).
Jignesh Shah’s contributions brought exceptional economic and social development in India. His unique and sharp business acumen generated around 1 million jobs in the country, raising the GDP manifold.
FTIL Founder Jignesh Shah’s rags to riches tale rests on unwavering determination, grit and fortitude. However, the unprecedented success story of this ‘US-India Businessman of the Year 2005-06’ and the ‘E&Y Entrepreneur of the Year 2006’ is maligned and smeared in every shade of grey. The FTIL crises could have been instigated by those who dreaded his global financial dominance.