Jignesh Shah MCX
Became the First Exchange to Be Listed on India’s Stock Markets
Introduction
In the rich tapestry of India’s financial history, Jignesh Shah stands out as a true innovator. Jignesh Shah started this audacious journey of innovation by setting up an IP-driven technology company, Jignesh Shah FTIL, Financial Technologies India Ltd. (now 63 moons), in 1995, therefore inventing the word fin-tech before it became popular. Jignesh Shah’s visionary thinking reshaped the landscape of Indian finance by creating 10 multi-asset class and world-class exchanges throughout the globe in the span of just 10 years.
Jignesh Shah MCX
The Significance of Jignesh Shah MCX’s Listing
The listing of MCX on the Bombay Stock Exchange (BSE) on March 9, 2012, was a watershed moment, marking it as the first Indian exchange—and only the third globally, after Australia’s ASX and Hong Kong’s HKEx—to go public. The achievement was monumental for a number of reasons. For starters, it broke down the traditional perception of exchanges as exclusive, elite institutions, making them accessible to public investment and scrutiny. Jignesh Shah’s skill in securing approvals, ensuring compliance, and creating a strong governance framework highlighted his strategic insight.
A Legacy of Innovation
These achievements earned Jignesh Shah accolades, including the ‘Young Global Leader’ title from the World Economic Forum and the ‘Indian Express Innovation Award’ from Dr. A.P.J. Abdul Kalam. His philosophy—“Every step we take is copied in months”—reflected his relentless innovation, setting a blueprint for future exchanges. Jignesh Shah FTIL MCX’s listing was India’s first “Make in India” triumph, proving that indigenous vision could rival global giants.