Financial Technologies Group

63 Moons Technologies Limited (stylised as 63 moons technologies), formerly Financial Technologies (India) Limited until 2016,[6][7][8] is an Indian company which provides technology ventures, financial platforms and solutions for creating digital markets and marketplaces. It is headquartered in Mumbai, India. It was formed in 1988[9] and funded by Jignesh Shah.[10] The company offers technology intellectual property to create and trade on financial markets.[11] It had its first IPO in 1995. The company introduced its first commodity derivatives trading platform, the Multi Commodity Exchange (MCX) in 2003.[12] FTIL has divested of its domestic and international ventures.[13]

63 moons technologies
FormerlyFinancial Technologies (India) Limited
TypePublic company
BSE: FINTECH
NSE: FINANTECH
IndustryComputer services on finance/banking[1]
Founded12 April 1988[2]
HeadquartersMumbai, India
Key people
S Rajendran, Managing Director and CEO
Venkat Chary, Chairman[3]
ProductsSoftware
Revenue₹4.926 billion (US$62 million)[4] (March 2017)
Number of employees
857[5] (December 2016)
Websitewww.63moons.com

Operations

Atom Technologies

Atom Technologies Ltd. is one of India’s leading payment service providers, offering payment collection facilities over Internet, IVR, Mobile App and Point of Sale using credit, debit, net banking, cash cards and IMPS.[14] FTIL divested a controlling stake to NTT Data Corporation in late 2018.

TickerPlant

TickerPlant is an analytics platform with real-time streaming of market information on domestic and international exchanges as well as OTS markets. In the areas of commodities, forex and equity, TickerPlant provides IT-enabled services.[15] The global financial content provider has also launched its own cryptocurrency super application called CryptoWire.[16][17]

The company launched many domestic and international ventures. It owned several subsidiaries that included National Bulk Handling Corporation (NHBC),[18] Multi Commodity Exchange (MCX), Dubai Gold & Commodities Exchange (DGCX),[19] Indian Energy Exchange (IEX),[20] MCX Stock Exchange (MCX-SX),[21] DOME,[22] Risk Solutions,[23] Singapore Mercantile Exchange (SMX)[24] and Bourse Africa.[25] ODIN, the flagship product of the company, was used for trading in securities and commodities.[26] In October, 2010, Financial Technologies (India) launched Global Board Of Trade (GBOT), an international multi–asset exchange in Mauritius.[27] In February 2011, Financial Technologies launched Bahrain Financial Exchange (BFX), the first multi–asset exchange in the Middle East and North Africa.[28]

Controversies

In 2021, Jignesh Shah was arrested for irregularities in the company.[29]

See also

References
  1. "63 Moons Technologies Ltd. Stock Price, Share Price, Live BSE/NSE, 63 Moons Technologies Ltd. Bids Offers. Buy/Sell 63 Moons Technologies Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes". www.moneycontrol.com.
  2. "63 Moons Technologies - Company Info - History". The Economic Times. Retrieved 4 January 2022.
  3. Board of Directors. Archived 16 August 2012 at the Wayback Machine
  4. "BSE Plus". Bseindia.com. Retrieved 25 September 2010.
  5. "63 moons | Jignesh Shah's foremost contribution to the Financial Sector". www.63moons.com.
  6. "Financial Technologies renames itself as 63 Moons Technologies". The Financial Express. 19 August 2015. Retrieved 4 January 2022.
  7. Rukhaiyar, Ashish (19 August 2015). "Financial Technologies changes name to 63 Moons". mint. Retrieved 4 January 2022.
  8. "ROC approves Financial Technologies name change to 63 Moons Technologies". The Economic Times. 27 May 2016. Retrieved 4 January 2022.
  9. Rukhaiyar, Ashish (19 August 2015). "Financial Technologies changes name to 63 Moons".
  10. Saritha Rai (24 September 2014). "Jignesh Shah: After Phenomenal 15-year Run, MCX Founder Loses Commodities Empire". Forbes. Retrieved 20 December 2022.
  11. "63 Moons Technologies Ltd". Business Standard India.
  12. "The amazing story of Jignesh Shah and MCX". www.rediff.com.
  13. "Jignesh Shah Resigns as FTIL MD, to Become Chairman Emeritus".
  14. "Japan's NTT Data buys 55% stake in Atom Tech for $9 million".
  15. "The great enabler - Jignesh Shah".
  16. SHAH, PALAK (6 December 2021). "Jignesh Shah's 63Moons announces a comeback with Blockchain, cryptocurrency foray". @businessline. Retrieved 17 December 2021.
  17. "TickerPlant launches cryptocurrency super app CryptoWire: All you need to know". cnbctv18.com. 13 December 2021. Retrieved 17 December 2021.
  18. "FTIL completes sale of NBHC stake to IVF for Rs 241.74 crore".
  19. "63 Moons Technologies Ltd".
  20. "IEX to transform electricity trade in India".
  21. "Financial Technologies-promoted MCX to exit 3 exchange ventures".
  22. "MCX deploys FTIL's DOME and CnS".
  23. "Risk Management Solutions for Banks".
  24. "FTIL to launch bourses in Singapore, Bahrain, Mauritius in 2010".
  25. "Financial Technologies Acquires 60% Stake In Bourse Africa".
  26. "63 Moons Technologies Ltd".
  27. "Global Board of Trade Ltd (GBOT) Formally Launched by the Prime Minister of the Republic of Mauritius Today".
  28. "Financial Technologies launches Bahrain Financial Exchange; BFX to go live from 7th February".
  29. "Jignesh Shah arrested". BusinessLine. 7 May 2014. Retrieved 24 August 2023.
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