63 Moons Technologies

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63 moons technologies
FormerlyFinancial Technologies (India) Limited
Company typePublic company
BSE: 526881
NSE: 63MOONS
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

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]

Operations[edit]

Atom Technologies[edit]

Atom Technologies Ltd. is a digital 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.[15]

TickerPlant[edit]

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.[16] The global financial content provider has also launched its own cryptocurrency super application called CryptoWire.[17][18]

The company launched many domestic and international ventures. It owned several subsidiaries that included National Bulk Handling Corporation (NHBC),[19] Multi Commodity Exchange (MCX), Dubai Gold & Commodities Exchange (DGCX),[20] Indian Energy Exchange (IEX),[21] MCX Stock Exchange (MCX-SX),[22] DOME,[23] Risk Solutions,[24] Singapore Mercantile Exchange (SMX)[25] and Bourse Africa.[26] ODIN, the flagship product of the company, was used for trading in securities and commodities.[27] In October, 2010, Financial Technologies (India) launched Global Board Of Trade (GBOT), an international multi–asset exchange in Mauritius.[28] In February 2011, Financial Technologies launched Bahrain Financial Exchange (BFX), the first multi–asset exchange in the Middle East and North Africa.[29]

63 SATS[edit]

62 SATS is a cybersecurity arm of the company which operates a centralised information security operations center (SOC) on a decentralized network protocol.[30] The new division founded in 2023-24 is advised by Yigal Unna, Former Director General of the Israeli National Cyber Directorate.[31]

Controversies[edit]

In 2021, Jignesh Shah was arrested for irregularities in the company.[32]

Awards[edit]

See also[edit]

References[edit]

  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. ^ Correspondent, Special (27 November 2018). "NTT Data buys 55.35% in Atom". The Hindu. ISSN 0971-751X. Retrieved 11 May 2024.
  16. ^ "The great enabler - Jignesh Shah".
  17. ^ SHAH, PALAK (6 December 2021). "Jignesh Shah's 63Moons announces a comeback with Blockchain, cryptocurrency foray". @businessline. Retrieved 17 December 2021.
  18. ^ "TickerPlant launches cryptocurrency super app CryptoWire: All you need to know". cnbctv18.com. 13 December 2021. Retrieved 17 December 2021.
  19. ^ "FTIL completes sale of NBHC stake to IVF for Rs 241.74 crore".
  20. ^ "63 Moons Technologies Ltd".
  21. ^ "IEX to transform electricity trade in India".
  22. ^ "Financial Technologies-promoted MCX to exit 3 exchange ventures".
  23. ^ "MCX deploys FTIL's DOME and CnS".
  24. ^ "Risk Management Solutions for Banks".
  25. ^ "FTIL to launch bourses in Singapore, Bahrain, Mauritius in 2010".
  26. ^ "Financial Technologies Acquires 60% Stake In Bourse Africa".
  27. ^ "63 Moons Technologies Ltd".
  28. ^ "Global Board of Trade Ltd (GBOT) Formally Launched by the Prime Minister of the Republic of Mauritius Today".
  29. ^ "Financial Technologies launches Bahrain Financial Exchange; BFX to go live from 7th February".
  30. ^ Bureau, Our (21 February 2024). "63 moons forays into cybersecurity, ties up with 10 global IT firms". BusinessLine. Retrieved 11 May 2024.
  31. ^ Bureau, The Hindu (21 February 2024). "Jignesh Shah places next bet on cybersecurity". The Hindu. ISSN 0971-751X. Retrieved 11 May 2024.
  32. ^ "Jignesh Shah arrested". BusinessLine. 7 May 2014. Retrieved 24 August 2023.
  33. ^ Jain, Ankur; Kakani, Ram Kumar (5 December 2009), Applying Population Dynamics Theory on Entrepreneurial Survival Strategy: Case of Financial Technologies and its Promoter (SSRN Scholarly Paper), Rochester, NY, doi:10.2139/ssrn.1538222, retrieved 2 March 2024{{citation}}: CS1 maint: location missing publisher (link)
  34. ^ "63 Moons Technologies Ltd".
  35. ^ "Data Security Council of India (DSCI)". www.dsci.in. Retrieved 2 March 2024.
  36. ^ "Financial Tech wins 'Golden Peacock HR Excellence Award' 2011". BusinessLine. 23 August 2011. Retrieved 2 March 2024.

External links[edit]

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