63 Moons Technologies Limited is an Indian technology company headquartered in Mumbai, Maharashtra. It develops software solutions for financial markets, including trading platforms, risk management systems, and exchange technology. The company was previously known as Financial Technologies (India) Limited (FTIL) before it was renamed in 2016. It is publicly listed on Indian stock exchanges.
| Name | 63 Moons Technologies Limited |
|---|---|
| Former name | Financial Technologies (India) Limited (FTIL) |
| Industry | Information technology, financial software |
| Headquarters | Mumbai, Maharashtra, India |
| Founder | Jignesh Shah |
| Country | India |
| Listing | BSE, NSE |
The company was founded by Jignesh Shah and grew into one of India's prominent providers of trading and exchange technology. Its flagship product, the Online Derivative Information Network (ODIN) trading platform, became widely used by brokers and financial intermediaries across India for trading on multiple exchanges.
Beyond software products, the group historically promoted and operated several exchanges and exchange-related ventures in India and abroad, spanning commodity, currency, energy, and stock exchange segments.
FTIL was established in the 1990s and emerged as a leading developer of multi-asset trading and clearing technology. It promoted the Multi Commodity Exchange (MCX), which became India's largest commodity derivatives exchange, and was associated with the National Spot Exchange Limited (NSEL), the MCX Stock Exchange (MCX-SX), and a number of international exchange ventures.
In 2013, a payment crisis at the National Spot Exchange Limited, a group company, led to a default in settlement obligations to investors. The episode resulted in extensive regulatory action, investigations, and litigation involving the parent company, its promoters, and other group entities. Following the crisis, regulators reviewed the fitness and propriety of the promoters to operate exchange-related businesses, leading to divestments and restructuring within the group.
In 2016, the parent company was renamed 63 Moons Technologies Limited, marking a shift in identity away from exchange ownership and towards its core business of providing technology products and services to financial markets.
63 Moons Technologies has been an influential player in the development of electronic trading infrastructure in India. Its software has been used by a substantial share of Indian brokers, and its earlier role in promoting MCX contributed to the growth of organised commodity derivatives trading in the country. The legal and regulatory aftermath of the NSEL episode has also been significant in shaping subsequent policy on commodity spot exchanges and promoter accountability in Indian financial markets.