63 Moons Technologies
63 Moons Technologies is an Indian financial-technology company that develops financial platforms and supports digital marketplaces.
Last updated August 25, 2026
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Overview
63 Moons Technologies Limited, styled as 63 moons technologies, is an Indian technology company headquartered in Mumbai. It was known as Financial Technologies (India) Limited, or FTIL, until its formal renaming in 2016. The company was founded in 1988 by Jignesh Shah and built its early identity around the computerisation of financial markets, electronic trading infrastructure and software used by brokers, exchanges and other market participants. The company’s most important early contribution was its role in the development of exchange and trading technology in India. In 2003, it introduced the Multi Commodity Exchange, which became a significant venue for Indian commodity derivatives. FTIL subsequently supported or invested in a number of domestic and international exchange ventures, including the Dubai Gold & Commodities Exchange, Indian Energy Exchange, MCX Stock Exchange, Singapore Mercantile Exchange, Bahrain Financial Exchange, Global Board of Trade and Bourse Africa. These ventures reflected a strategy of combining proprietary technology with ownership interests or partnerships in market-infrastructure businesses. Its software portfolio included order-matching, integration, market-data and brokerage tools. Distributed Order Matching Engines, or DOME, was designed to process orders for electronic markets. MATCH functioned as an enterprise application-integration product, while ODIN was used by securities and commodities brokers for trading and related operations. The company also developed STP-Gate, a straight-through-processing platform for Indian financial markets. Other activities included digital payments through Atom Technologies, market-data and analytics services through TickerPlant, and later initiatives involving digital assets and cybersecurity. The company’s history is also closely associated with the 2013 collapse of the National Spot Exchange, an exchange owned by the group at the time. Trading was suspended after a government direction requiring existing contracts to be settled and new contracts not to be launched. The resulting payment crisis, commonly known as the NSEL case, involved alleged mis-selling, warehouse and collateral issues, defaults and extensive regulatory and legal proceedings. The case materially affected FTIL’s exchange businesses, ownership interests and corporate strategy. The group subsequently divested domestic and international ventures and repositioned itself around technology platforms and digital-market infrastructure. The name 63 Moons Technologies was approved and adopted on 27 May 2016 after a prolonged corporate-renaming process. The rebrand separated the continuing technology identity from the company’s former FTIL name and its association with exchange ownership. In later years, the company continued to manage litigation and recovery issues connected with NSEL while also reviewing and disposing of selected businesses. For example, FTIL reduced its controlling stake in Atom Technologies, and STP-Gate was reported as sold to Synapsewave Innovations in 2024. A newer cybersecurity initiative, 63 SATS, was established during 2023–24. 63 Moons is therefore best understood as a financial-market technology and digital-marketplace company whose historical scope extended beyond software into exchange creation, market infrastructure, payments, data and related technology ventures. Its present portfolio and operating scale have changed substantially from the period when it controlled or supported multiple exchanges, and public descriptions do not always distinguish clearly between current operations, legacy products and divested businesses.
History
63 Moons Technologies originated as Financial Technologies (India) Limited, established in 1988 by Jignesh Shah in Mumbai. Its original business was based on applying computing and electronic communications to financial markets. The company developed systems for trading, order matching, market connectivity and brokerage operations, and became one of the Indian technology groups most closely associated with the growth of electronic commodity and financial-market infrastructure. A defining development came in 2003, when the company introduced the Multi Commodity Exchange, or MCX. The exchange helped expand organised electronic commodity derivatives trading in India. FTIL’s strategy subsequently extended beyond supplying software: it launched, invested in or supported a network of domestic and overseas exchange ventures. These included the Indian Energy Exchange, MCX Stock Exchange, Dubai Gold & Commodities Exchange, Singapore Mercantile Exchange, Bahrain Financial Exchange, Global Board of Trade in Mauritius and Bourse Africa. The company also operated or held interests in businesses connected with bulk handling, payments, market data and analytics. FTIL’s software activities included ODIN, a trading and brokerage platform; DOME, an order-matching engine; MATCH, an enterprise-integration product; and later STP-Gate, designed to automate straight-through processing in Indian financial markets. TickerPlant provided market-information and analytics capabilities, while Atom Technologies operated in digital payments. The group also explored newer digital-asset and cybersecurity activities, including the CryptoWire application and the 63 SATS cybersecurity division. The company’s trajectory changed sharply after the National Spot Exchange crisis in 2013. NSEL, an exchange owned by the group at the time, suspended trading following a government order requiring existing contracts to be settled and prohibiting new contracts. The suspension exposed a major payment shortfall and led to investigations and litigation involving brokers, alleged mis-selling, defaults, warehouse documentation and recovery of dues. The matter affected the company’s reputation, exchange interests and corporate structure. Regulatory and court proceedings continued for years, including disputes over recovery powers, asset attachments and proposed settlements. During this period, FTIL divested a number of domestic and international ventures. Its corporate name was formally changed to 63 Moons Technologies Limited on 27 May 2016 after approval by the Registrar of Companies. The new name emphasised the company’s technology identity rather than its former Financial Technologies label. The business thereafter focused more explicitly on financial platforms, digital marketplaces, software and selected technology initiatives, while continuing to address legacy legal and financial matters. The later history includes further portfolio changes. Atom Technologies was reported to have transferred a controlling stake to NTT Data in 2018, and STP-Gate was reported as sold to Synapsewave Innovations in 2024. The company also launched or developed 63 SATS as a cybersecurity activity during 2023–24. Because exchange holdings and subsidiaries changed over time, historical group descriptions should not be treated as a complete list of current operations. 63 Moons is best described as a financial-technology company with a legacy in exchange infrastructure, electronic trading, payments and market data, together with continuing exposure to the legal and recovery consequences of the NSEL crisis.
- 2024
STP-Gate divestment is reported
[1]STP-Gate is reported as sold to Synapsewave Innovations during continuing portfolio rationalisation.
- 2023
63 SATS cybersecurity initiative develops
[1]The company develops a cybersecurity arm focused on information-security operations and decentralised network concepts.
- 2018
Atom Technologies stake is divested
[1]The group divests a controlling stake in Atom Technologies to NTT Data Corporation.
- 2017
STP-Gate is launched
[1]The company launches a straight-through-processing platform for Indian financial markets.
- 2016
Corporate name changes to 63 Moons Technologies
[1]The company formally adopts the 63 Moons Technologies Limited name on 27 May.
- 2013
National Spot Exchange crisis
NSEL suspends trading, producing a large payment-default crisis and a prolonged series of investigations, recovery proceedings and litigation.
- 2003
Multi Commodity Exchange is introduced
[1]The company introduces MCX, an electronic commodity-derivatives exchange that becomes a prominent part of India’s commodity-market infrastructure.
- 1995
Initial public offering
[1]The company completes its first initial public offering.
- 1988
Financial Technologies is founded
[1]Financial Technologies (India) Limited, the predecessor of 63 Moons Technologies, is established in Mumbai by Jignesh Shah.
Products and positioning
Financial-market technology, electronic trading infrastructure, digital marketplaces, market data and related financial technology services
Trading and brokerage software
ODIN
ODIN is a trading-software platform used in securities and commodities brokerage. It supported order entry and related trading workflows and became one of the best-known products associated with the former Financial Technologies software portfolio. Public descriptions have attributed a substantial share of India’s retail-broking trading-software usage to ODIN, although the relevant market-share estimate is time-specific.
Electronic trading infrastructure
Distributed Order Matching Engines (DOME)
DOME is an order-matching system designed for electronic markets. Its role is to match buy and sell instructions according to an exchange’s trading rules and execution logic. The product represents the company’s historical focus on the core technology layer underlying exchange and marketplace operations.
Enterprise application integration
MATCH
MATCH is an enterprise application-integration tool associated with the company’s financial-technology portfolio. It was intended to connect systems and workflows across market infrastructure and financial operations, complementing the group’s trading, exchange and brokerage products.
Straight-through processing · 2017
STP-Gate
STP-Gate is a straight-through-processing system for Indian financial markets. It was launched in 2017 to support automated movement of transaction information through post-trade and operational workflows. The business was reported as sold to Synapsewave Innovations in 2024.
Market data and analytics
TickerPlant
TickerPlant is a market-information and analytics platform associated with the 63 Moons group. It provides or aggregates streaming exchange information and related analytical capabilities. The group also associated the platform with CryptoWire, a cryptocurrency-oriented super application.
Digital payments
Atom Technologies
Atom Technologies is a digital-payment service provider offering payment-collection facilities. It was part of the wider Financial Technologies group before 63 Moons divested a controlling stake to NTT Data Corporation in late 2018.
Controversies
2013
National Spot Exchange payment-default crisis
In July 2013, NSEL suspended trading after a Department of Consumer Affairs direction requiring settlement of existing contracts and preventing new contracts. The suspension revealed a payment shortfall widely reported at approximately ₹5,600 crore. Investigations and subsequent proceedings examined alleged mis-selling by brokers, purportedly inadequate or false warehouse documentation, hypothecation of stocks and the conduct of defaulters. The matter generated prolonged criminal, regulatory, civil and recovery litigation involving NSEL, 63 Moons and other parties.
Brand decisions
2024
Sale of STP-GateM&ABackground
The company was rationalising its portfolio while managing a mix of technology operations and legacy obligations.
Action taken
STP-Gate was reported as sold to Synapsewave Innovations.
Aftermath
The transaction further narrowed the set of businesses directly operated by 63 Moons, although the reported public material does not provide a complete account of subsequent operating arrangements.
Reported sale consideration. ₹135 crore (2024)
2018
Divestment of controlling stake in Atom TechnologiesM&ABackground
The group continued reducing or restructuring businesses outside its core technology focus.
Action taken
63 Moons divested a controlling stake in Atom Technologies to NTT Data Corporation.
Aftermath
Atom Technologies became associated with NTT Data, reducing 63 Moons’ direct control of the digital-payments business.
2016
Rebrand from Financial Technologies to 63 Moons TechnologiesStrategyBackground
After the company’s exchange-related history and the NSEL crisis changed its corporate context, management pursued a new identity centred on technology and digital marketplaces.
Action taken
The company obtained Registrar of Companies approval and formally changed its name to 63 Moons Technologies Limited on 27 May 2016.
Aftermath
The new name became the company’s principal corporate identity while legacy exchange interests and NSEL-related proceedings continued to shape its business and public profile.
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