Jignesh Shah has created an enviable empire for himself, a product of ingenuity and an unconquerable spirit. For a man with a net worth of 610m dollars, the beginnings were quite humble.
FTIL, his initiation into the financial world, was funded with the mortgage money received by pledging his own house. It is no secret that Shah took no offs from work during the initial years of setting up the company. Today, it stands as a global leader in setting up technology centric exchanges.
The company later went on to promote one of the largest exchanges in the world, MCX, which contributed to 1% of the country’s GDP in less than a decade. The story of its inception is no less than a movie script. Rejected by the financial experts, he was written off as an amateur by the media and other big leaguers running for a license. Shah not only won it, he also set the exchange up in a record time of nine months.
Currently, he has 13 exchanges to his name and is the frontrunner in the conception of award winning initiatives like Gramin Suvidha Kendras that revolutionised the lives of marginal farmers.
We can’t deny the man due credit for his far-sightedness and ability to venture into unchartered territories with nothing but his characteristic grit, evident ever since he started on his own.