63 Moons Technologies

63 Moons Technologies

Personal information
Full name	63 Moons Technologies
Company type	public
Founded	(1991-09-05) 12 April 1988 (37 year ago) Mumbai, Maharashtra, India

63 Moons Technologies Limited (stylised as 63 moons technologies),known as Financial Technologies (India) Limited until 2016,is an Indian technology company which provides financial platforms and supports the creation of digital marketplaces.

63 Moons Technologies Limited was founded in 1988 by Jignesh Shah and is headquartered in Mumbai, India. The company went public with its first IPO in 1995. In 2003, it launched the Multi Commodity Exchange, India’s first organized commodity derivatives trading platform, which played a key role in developing the country’s commodity markets. Over time, the company divested several domestic and international ventures. In May 2016, after a year-long approval process, Financial Technologies (India) Ltd. officially changed its name to 63 Moons Technologies Limited.
The company became widely known due to the 2013 crisis at the National Spot Exchange Limited (NSEL), which it had promoted. In July 2013, NSEL suspended trading after an order from the Department of Consumer Affairs to settle existing contracts and avoid launching new ones. This led to a payment default crisis of around ₹5,600 crore. Investigations by the Enforcement Directorate and the Economic Offences Wing revealed that certain brokers mis-sold NSEL products to investors by promising fixed returns, while defaulters allegedly used fake warehouse receipts and siphoned funds.
In 2022, the Supreme Court of India allowed NSEL to invoke the MPID Act to recover investor dues. Although assets worth ₹888 crore of 63 Moons were attached in 2019, they were later released due to insufficient evidence. In November 2025, the National Company Law Tribunal approved a ₹1,950 crore one-time settlement proposed by 63 Moons for large creditors, offering partial recoveries and transferring recovery rights to the company, marking a significant step toward resolving the long-pending dispute.

The operations of 63 Moons Technologies Limited focus on providing technology solutions and infrastructure for financial markets. The company develops and manages advanced trading platforms, risk management systems, and market surveillance software for exchanges and financial institutions in India and abroad. It played a key role in establishing and supporting platforms such as the Multi Commodity Exchange of India, offering end-to-end technology for commodity derivatives trading. Over the years, 63 Moons has expanded into fintech innovation, enterprise software development, and digital transaction technologies while restructuring its business following regulatory and legal developments.

The business career of 63 Moons Technologies Limited began in 1988 when it was founded by Jignesh Shah as Financial Technologies (India) Ltd. The company grew rapidly by building advanced electronic trading platforms and became a pioneer in India’s exchange technology space. It launched the Multi Commodity Exchange of India in 2003, which became one of the largest commodity derivatives exchanges in the country. Over time, it expanded into multiple domestic and international exchange ventures before restructuring and rebranding as 63 Moons Technologies in 2016. Despite facing challenges related to the NSEL crisis, the company continued operating as a financial technology provider focused on market infrastructure and innovation.

The ideology of 63 Moons Technologies Limited centers on innovation-driven financial market development and technological self-reliance. The company has focused on building transparent, efficient, and technology-enabled trading ecosystems to modernize India’s financial infrastructure. Under the leadership of Jignesh Shah, it promoted the vision of creating globally competitive exchanges powered by indigenous technology. Its broader philosophy emphasizes fintech innovation, market accessibility, and strengthening institutional frameworks to support economic growth and digital transformation in financial services.

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