Kelashi123 at 10:46, 14 April 2026

2026-04-14T10:46:30Z

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{{Short description|Indian fintech company}}
{{Use Indian English|date=May 2014}}
{{Use dmy dates|date=April 2026}}
{{Infobox company
| logo = 63 Moons Technologies.svg
| logo_size = 150px
| former_name = Financial Technologies (India) Limited
| type = [[Public company|Public]]
| traded_as = {{BSE|526881}}<br/>{{NSE|63MOONS}}
| key_people = S Rajendran (Managing Director and CEO)<br/>Venkat Chary (Chairman)<ref>[http://www.ftindia.com/investors/corporategovernance/bod.htm Board of Directors]. {{webarchive |url=https://web.archive.org/web/20120816005815/http://www.ftindia.com/investors/corporategovernance/bod.htm |date=16 August 2012 }}</ref>
| industry = [[Computer services]] on finance/banking<ref>{{Cite web|url=https://www.moneycontrol.com/india/stockpricequote/computers-software/63moonstechnologies/FT02|title=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|website=www.moneycontrol.com}}</ref>
| products = [[Software]]
| revenue = {{INRConvert|1.1816|b}}<ref>{{cite web|url=https://www.63moons.com/investors/shareholders/annual-report/Annual-Report-2024-2025.pdf |title=63moons AR 24-25 |publisher=63moons.com |accessdate=27 March 2026}}</ref>
| revenue_year = March 2025
| num_employees = 378<ref name='companyinfo'>{{Cite web|url=https://www.63moons.com/investors/shareholders/annual-report/Annual-Report-2024-2025.pdf|title=63moons AR 24-25|website=www.63moons.com}}</ref>
| num_employees_year = March 2025
| homepage = {{URL|http://www.63moons.com/}}
| name = 63 moons technologies
| foundation = 12 April 1988<ref>{{Cite web|title=63 Moons Technologies - Company Info - History|url=https://economictimes.indiatimes.com/63-moons-technologies-ltd/infocompanyhistory/companyid-8164.cms|access-date=2022-01-04|website=The Economic Times}}</ref>
| location = [[Mumbai]], India
}}

'''63 Moons Technologies Limited''' (stylised as '''63 moons technologies'''), known as '''Financial Technologies (India) Limited''' until 2016,<ref>{{Cite web|date=2015-08-19|title=Financial Technologies renames itself as 63 Moons Technologies|url=https://www.financialexpress.com/market/financial-technologies-renames-itself-as-63-moons-technologies/122151/|access-date=2022-01-04|website=The Financial Express|language=en}}</ref><ref name=":0">{{Cite web|last=Rukhaiyar|first=Ashish|date=2015-08-19|title=Financial Technologies changes name to 63 Moons|url=https://www.livemint.com/Companies/n6M8Za5i2MwDJcJaoKk6IP/FTIL-changes-name-to-63-Moons-Technologies-Ltd.html|access-date=2022-01-04|website=mint|language=en}}</ref><ref>{{Cite news|date=2016-05-27|title=ROC approves Financial Technologies name change to 63 Moons Technologies|work=The Economic Times|url=https://economictimes.indiatimes.com/news/economy/policy/roc-approves-financial-technologies-name-change-to-63-moons-technologies/articleshow/52465895.cms|access-date=2022-01-04}}</ref> is an Indian [[technology]] company which provides [[Finance|financial]] platforms and supports the creation of digital marketplaces.

== History ==
The company was founded in 1988 by Jignesh Shah and is headquartered in [[Mumbai]], India.<ref>{{Cite news |last=Rukhaiyar |first=Ashish |date=2015-08-19 |title=Financial Technologies changes name to 63 Moons |url=http://www.livemint.com/Companies/n6M8Za5i2MwDJcJaoKk6IP/FTIL-changes-name-to-63-Moons-Technologies-Ltd.html}}</ref><ref name="forbes">{{cite web |author1=Saritha Rai |title=Jignesh Shah: After Phenomenal 15-year Run, MCX Founder Loses Commodities Empire |url=https://www.forbes.com/sites/saritharai/2014/09/24/commodities-crash/?sh=24014c6c4483 |website=Forbes |access-date=20 December 2022 |language=en |date=24 September 2014}}</ref><ref>{{Cite news|url=http://www.business-standard.com/company/63-moons-tech-4756/information/company-history|title=63 Moons Technologies Ltd.|work=Business Standard India}}</ref> It had its first [[IPO]] in 1995. The company introduced its first commodity derivatives trading platform, the [[Multi Commodity Exchange]] (MCX) in 2003.<ref name="TheamazingstoryofJigneshShahandMCX">{{Cite web|url=http://www.rediff.com/money/2005/oct/13spec.htm|title=The amazing story of Jignesh Shah and MCX|website=www.rediff.com}}</ref> FTIL has divested of its domestic and international ventures.<ref>{{Cite news |date=2024-08-14 |title=63 Moons to sell three biz units for Rs 135 crore to Synapsewave |url=https://economictimes.indiatimes.com/tech/information-tech/63-moons-to-sell-three-biz-units-for-rs-135-crore-to-synapsewave/articleshow/112531373.cms?from=mdr |access-date=2024-11-24 |work=The Economic Times |issn=0013-0389}}</ref>

The company’s name was officially changed to 63 Moons Technologies Limited on 27 May 2016, after receiving approval from the [[Registrar of Companies (India)|Registrar of Companies]] following a one-year process.<ref>{{Cite web |date=2016-05-27 |title=FTIL gets RoC nod for name change to 63 moons tech |url=https://www.thehindubusinessline.com/markets/ftil-is-now-63-moons-technologies/article8656247.ece |access-date=2024-11-22 |website=BusinessLine |language=en}}</ref><ref name=":0" />

===NSEL case===
{{main|NSEL case}}
In July 2013, the [[National Spot Exchange]], owned by 63 moons technologies limited (then FTIL), suspended trading following an order by the Department of Consumer Affairs to settle all existing contracts and not launch any fresh contracts, which led to a payment default crisis of ₹5,600 crore.<ref name="d452">{{cite web | last=Sharan | first=Abhishek | title=ED charge-sheets 54 for trapping investors into trading on NSEL platform | website=Hindustan Times | date=6 February 2025 | url=https://www.hindustantimes.com/cities/mumbai-news/ed-charge-sheets-54-for-trapping-investors-into-trading-on-nsel-platform-101738782950955.html | access-date=27 August 2025}}</ref><ref>{{Cite web |date=2019-05-28 |title=Untold story of NSEL: Who were the real culprits behind the crisis? |url=https://www.financialexpress.com/opinion/untold-story-of-nsel-who-were-the-real-culprits-behind-the-crisis/1590743/ |access-date=2024-06-15 |website=Financialexpress |language=en}}</ref> Investigations led by the [[Enforcement Directorate]] and Economic Offences Wing revealed the role of brokers and defaulters in the NSEL case. The brokers mis-sold NSEL products to their clients by assuring them fixed returns.<ref>{{Cite news|title=NSEL case: MPID court declares 16 broking firms as financial establishments|url=https://timesofindia.indiatimes.com/business/india-business/nsel-case-mpid-court-declares-16-broking-firms-as-financial-establishments/articleshow/109733464.cms|work=The Times of India|date=2024-04-30|access-date=2026-02-02|issn=0971-8257}}</ref> The defaulters hypothecated stocks, produced fake warehouse receipts and siphoned the entire default money.<ref>{{Cite web|title=The NSEL Scam: Bridging the Regulatory Hiatus and its Fallout on the Corporate Sector in India – NLIU Law Review|url=https://nliulawreview.nliu.ac.in/the-nsel-scam-bridging-the-regulatory-hiatus-and-its-fallout-on-the-corporate-sector-in-india/|access-date=2026-02-02|language=en|website=NLIU Law Review|last=Engineer|first=Drushan|last2=Ramkumar|first2=Charu|issn=2229-7952}}</ref> In 2022, the Supreme Court allowed NSEL to use the MPID Act to recover dues; although assets worth ₹888 crore of 63 moons were attached in 2019, they were later released due to lack of proof.<ref name="i011">{{cite web |title=PMLA Appellate Tribunal Order Release of 63 moons' Assets Attached by ED|website=Moneylife NEWS & VIEWS|date=17 September 2019|url=https://www.moneylife.in/article/pmla-appellate-tribunal-order-release-of-63-moons-assets-attached-by-ed/58195.html|access-date=27 August 2025}}</ref><ref name="u307">{{cite web |last=Bawa|first=Anmol Kaur|title=Supreme Court Upholds Piramal's Resolution Plan For DHFL, Sets Aside NCLAT Order|website=Live Law|date=1 April 2025|url=https://www.livelaw.in/top-stories/supreme-court-upholds-piramals-resolution-plan-for-dhfl-sets-aside-nclat-order-288143|access-date=27 August 2025}}</ref> In November 2025, the NCLT approved a ₹1,950 crore one-time settlement<ref>{{Cite web|title=NSEL one-time settlement gets nod from 93% investors|url=https://www.financialexpress.com/market/nsel-one-time-settlement-gets-nod-from-93-investors-3851550/|website=The Financial Express|date=2025-05-20|access-date=2026-02-02|language=en|last=Staney|first=Nesil}}</ref> by 63 moons for large creditors, offering partial recoveries in return for ending cases and transferring recovery rights to the company, helping move the resolution forward.<ref>{{Cite web|title=NCLT clears ₹1,950-cr one-time settlement for NSEL traders|url=https://www.thehindubusinessline.com/markets/nclt-clears-1950-cr-one-time-settlement-of-nsel/article70334199.ece|website=BusinessLine|date=2025-11-28|access-date=2026-02-02|language=en|first=|last=}}</ref><ref>{{Cite news|title=NCLT nod for 1,950 crore settlement in NSEL fiasco|url=https://timesofindia.indiatimes.com/business/india-business/nclt-nod-for-1950-crore-settlement-in-nsel-fiasco/articleshow/125649663.cms|work=The Times of India|date=2025-11-29|access-date=2026-02-02|issn=0971-8257}}</ref>

==Operations==

=== Exchanges ===
The company launched many domestic and international ventures. It owned several subsidiaries that included National Bulk Handling Corporation (NHBC),<ref>{{cite news |title=FTIL completes sale of NBHC stake to IVF for Rs 241.74 crore |url=https://economictimes.indiatimes.com/ftil-completes-sale-of-nbhc-stake-to-ivf-for-rs-241-74-crore/articleshow/34261345.cms}}</ref> [[Multi Commodity Exchange]] (MCX), [[Dubai Gold & Commodities Exchange]] (DGCX),<ref name=":1">{{cite news |title=63 Moons Technologies Ltd. |url=https://www.ndtv.com/business/stock/63-moons-technologies-ltd_finantech/reports}}</ref> [[Indian Energy Exchange]] (IEX),<ref>{{cite news |title=IEX to transform electricity trade in India |url=https://www.rediff.com/money/2008/mar/17elec.htm}}</ref> [[MCX Stock Exchange]] (MCX-SX),<ref>{{cite news |title=Financial Technologies-promoted MCX to exit 3 exchange ventures |url=https://www.financialexpress.com/archive/financial-technologies-promoted-mcx-to-exit-3-exchange-ventures/1227920/}}</ref> [[Singapore Mercantile Exchange]] (SMX)<ref>{{cite news |title=FTIL to launch bourses in Singapore, Bahrain, Mauritius in 2010 |url=https://www.livemint.com/Money/9jFj666F4j6CS9dMBVG2gN/FTIL-to-launch-bourses-in-Singapore-Bahrain-Mauritius-in-2.html}}</ref> and Bourse Africa.<ref>{{cite news |title=Financial Technologies Acquires 60% Stake In Bourse Africa |url=https://www.vccircle.com/financial-technologies-acquires-60-stake-bourse-africa/}}</ref> In October, 2010, Financial Technologies (India) launched Global Board Of Trade (GBOT), an international multi–asset exchange in Mauritius.<ref>{{cite news |title=Global Board of Trade Ltd (GBOT) Formally Launched by the Prime Minister of the Republic of Mauritius Today |url=http://www.ptinews.com/pressrelease/3248_press-subGlobal-Board-of-Trade-Ltd--GBOT--Formally-Launched-by-the-Prime-Minister-of-the-Republic-of-Mauritius-Today}}</ref> In February 2011, Financial Technologies launched Bahrain Financial Exchange (BFX), the first multi–asset exchange in the Middle East and North Africa.<ref>{{cite news |title=Financial Technologies launches Bahrain Financial Exchange; BFX to go live from 7th February |url=https://www.moneylife.in/article/financial-technologies-launches-bahrain-financial-exchange-bfx-to-go-live-from-7th-february/13598.html}}</ref>

=== Software ===

* '''Distributed Order Matching Engines (DOME)''' is an [[order matching system]]{{Citation needed|date=November 2024}}
* '''MATCH;''' it is an [[enterprise application integration]] tool{{Citation needed|date=November 2024}}
* '''ODIN''' was used for trading in securities and commodities.<ref name=":1" /> As of 2020, ODIN accounted for around 70% of the retail broking market share in trading software.<ref>{{Cite news |date=10 June 2020 |title=63 moons offers trading software Odin at 50% discount as NSE shuts NOW |url=https://www.business-standard.com/article/pti-stories/with-nse-set-to-discontinue-now-platform-63-moons-offers-trading-software-at-discounted-price-120060901515_1.html |access-date=22 November 2024 |work=[[Business Standard]]}}</ref>
* '''STP-Gate''', launched in 2017, is a [[straight-through processing]] system for the Indian financial markets, which was sold to Synapsewave Innovations in August 2024.<ref>{{Cite web |last=Srivats |first=K. R. |date=2024-08-14 |title=63 Moons to sell three business units for ₹135 crore |url=https://www.thehindubusinessline.com/news/63-moons-to-sell-three-business-units-for-135-crore/article68523891.ece |access-date=2024-11-22 |website=BusinessLine |language=en}}</ref>

=== Subsidiaries ===

* '''[[Atom Technologies]]''' is a digital payment service providers, offering payment collection facilities.<ref>{{cite news |title=Japan's NTT Data buys 55% stake in Atom Tech for $9 million |url=https://www.livemint.com/Companies/1g2OQsAh79QSSVclXSxkwJ/Japans-NTT-Data-buys-majority-stake-in-fintech-firm-Atom-Te.html}}</ref> FTIL divested a controlling stake to [[NTT Data]] Corporation in late 2018.<ref>{{Cite news |last= |first= |date=2018-11-27 |title=NTT Data buys 55.35% in Atom |url=https://www.thehindu.com/business/ntt-data-buys-5535-in-atom/article25607881.ece |access-date=2024-05-11 |work=The Hindu |language=en-IN |issn=0971-751X}}</ref>
* '''TickerPlant''' is an analytics platform with streaming of market information of exchanges.<ref>{{cite news |title=The great enabler - Jignesh Shah |url=https://www.businesstoday.in/magazine/special/the-great-enabler--jignesh-shah/story/1196.html}}</ref> It also launched its cryptocurrency super application called CryptoWire.<ref>{{Cite web |last=SHAH |first=PALAK |date=6 December 2021 |title=Jignesh Shah's 63Moons announces a comeback with Blockchain, cryptocurrency foray |url=https://www.thehindubusinessline.com/money-and-banking/jignesh-shahs-63moons-announces-a-comeback-with-blockchain-cryptocurrency-foray/article37863001.ece |access-date=2021-12-17 |website=@businessline |language=en}}</ref><ref>{{Cite web |date=2021-12-13 |title=TickerPlant launches cryptocurrency super app CryptoWire: All you need to know |url=https://www.cnbctv18.com/cryptocurrency/tickerplant-launches-cryptocurrency-super-app-cryptowire-all-you-need-to-know-11797832.htm |access-date=2021-12-17 |website=cnbctv18.com |language=en}}</ref>
* '''63 SATS''' is a cybersecurity arm of the company which operates a centralised [[information security operations center]] (SOC) on a [[decentralized network protocol]].<ref>{{Cite web |last=Mishra |first=Arushi |date=2024-05-28 |title=63 Moons Technologies announces new tech initiatives |url=https://www.thehindubusinessline.com/markets/63-moons-technologies-announces-new-tech-initiatives/article68224329.ece |access-date=2024-09-30 |website=[[Business Line|The Hindu Business Line]] |language=en}}</ref><ref>{{Cite web |last= |first= |date=2024-02-21 |title=63 moons forays into cybersecurity, ties up with 10 global IT firms |url=https://www.thehindubusinessline.com/info-tech/63-moons-forays-into-cybersecurity-ties-up-with-10-global-it-firms/article67870956.ece |access-date=2024-05-11 |website=BusinessLine |language=en}}</ref> The new division founded in 2023-24 is advised by Yigal Unna, Former Director General of the Israeli [[National Cyber Security Authority (Israel)|National Cyber Directorate]].<ref>{{Cite news |last= |first= |date=2024-02-21 |title=Jignesh Shah places next bet on cybersecurity |url=https://www.thehindu.com/incoming/jignesh-shah-places-next-bet-on-cybersecurity/article67871911.ece |access-date=2024-05-11 |work=The Hindu |language=en-IN |issn=0971-751X}}</ref>

==See also==
*[[List of stock exchanges]]

==References==
{{reflist}}

== Further reading ==
* {{Cite news |date=2 September 2024 |title=63 Moons get offer to settle NSEL default |url=https://www.thehindubusinessline.com/markets/63-moons-get-offer-to-settle-nsel-default/article68593590.ece |access-date=30 September 2024 |work=[[Business Line|The Hindu Business Line]]}}
*{{Cite news |last=Srivats |first=KR |date=14 August 2024 |title=63 Moons to sell three business units for ₹135 crore |url=https://www.thehindubusinessline.com/news/63-moons-to-sell-three-business-units-for-135-crore/article68523891.ece |access-date=31 August 2024 |work=[[Business Line|The Hindu Business Line]]}}
*{{Cite book |last=Fali Nariman |first=Rohinton |author-link=Rohinton Fali Nariman |url=https://books.google.com/books?id=IVk7EAAAQBAJ&dq=%2263+Moons+Technologies%22&pg=PT65 |title=Discordant Notes, Volume 2 The Voice of Dissent in The Last Court of Resort |date=2021 |publisher=[[Penguin Random House]] |isbn=9789391149710 |volume=2}}
*{{Cite news |date=20 January 2023 |title=63 moons, others win AT1 bonds case against Yes Bank in Bombay HC |url=https://timesofindia.indiatimes.com/business/india-business/63-moons-others-win-at1-bonds-case-against-yes-bank-in-bombay-hc/articleshow/97175353.cms |access-date=31 August 2024 |work=[[Times of India]]}}
*{{Cite news |date=30 January 2019 |title=Supreme Court dismisses petition against 63 Moons |url=https://www.thehindu.com/business/supreme-court-dismisses-petition-against-63-moons/article26131841.ece |access-date=30 September 2024 |work=[[The Hindu]]}}
*{{Cite news |date=18 February 2019 |title=63 Moons to file suits against Chidambaram, two bureaucrats |url=https://www.thehindu.com/business/63-moons-to-file-suits-against-chidambaram-two-bureaucrats/article26305831.ece |access-date=30 September 2024 |work=[[The Hindu]]}}
*{{Cite book |last1=Shah |first1=J |url=https://books.google.com/books?id=fIyqDwAAQBAJ |title=Trade and Markets in Harappan Civilization |last2=G. Pavaskar |first2=Madhoo |date=2019 |publisher=[[Pearson Group]] |isbn=9789353431327}}
*{{Cite journal |last=Bodhanwala |first=Shernaz |date=2019 |title=63 Moons-NSEL Merger: A Boon or a Bane for the Stakeholders |url=https://www.worldscientific.com/doi/abs/10.1142/S0218927519500159 |journal=[[Asian Case Research Journal]] |volume=23 |issue=2 |pages=369–398 |doi=10.1142/S0218927519500159 |issn=0218-9275 |eissn=1793-6772 |via=[[Emerging Sources Citation Index]]|url-access=subscription }}
*{{Cite journal |last1=GT |first1=Lavanya |last2=Rodrigues |first2=Viola |date=2022 |title=Legal Soundness of Scheme of Amalgamation in the Deliberation of Public Interest: An Analysis |url=https://heinonline.org/HOL/LandingPage?handle=hein.journals/injlolw3&div=111&id=&page= |journal=Indian Journal of Law and Legal Research |volume=3 |issue=1 |issn=2582-8878 |via=[[HeinOnline]]}}
*{{Cite book |last=Madhumathi |first=R |url=https://books.google.com/books?id=6cYkmXkMwBoC |title=Derivatives and Risk Management |date=2011 |publisher=[[Pearson Education India]] |isbn=9788131759936 |pages=44}}

== External links ==
* {{Official website|http://www.63moons.com/}}

[[Category:Financial services companies based in Mumbai]]
[[Category:Financial services companies established in 1988]]
[[Category:1988 establishments in Maharashtra]]
[[Category:Indian companies established in 1988]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

63 Moons Technologies - Revision history

Kelashi123 at 10:46, 14 April 2026