Jignesh Shah: The Man Who Transformed Indian Markets

 To build an institution is probably one of the hardest and yet most fulfilling achievements for any entrepreneur. To build an industry is many levels above that. India has had the good fortune of seeing many first generation entrepreneurs go from rookies to stalwarts. While most have gone on to make a lot of money and fortune, few have had the honour of being responsible for creating or transforming an entire industry. Jignesh Shah is one such man.  Having started out with nothing but a couple of friends and colleagues who shared his vision and passion, the man who is famously known as as India s "Exchange Man" has the unique distinction of transforming an industry that was deemed impossible to change considering the complexities involved. 

At a time and age when India was still grappling with its limitation and not its potential, Jignesh Shah embarked on a journey which most thought was destined for failure. Transforming the commodities trading market and entire ecosystem around it into a fully electronic and cutting age technology based. He not only managed to achieve this rather daunting task, but in what was thought to be impossible in a country that did not permit outside participation, he managed to ensure that an Indian commodities Exchange became one of the largest in the world! 


But he did not just stop with that. Jignesh Shah always believed that the industries supporting commodities trading were in fact instrumental in its success. Over a period of a few short years, he managed to successfully transform various ecosystem businesses such as bulk handling, warehousing, price and data vending as well as payment platforms. In an industry that was largely paper based and steeped with irregularities, he managed to create a transparent, robust and trustworthy mechanism that was capable of handling the scales and potential that India truly deserved.

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