The Target: The Decimation of Jignesh Shah's Global Empire, How He Broke the Market Monopoly and the Price He Paid

Shantanu Guha Ray

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THE TARGET:The decimation of JIGNESH SHAH’S global empire. How he broke the market monopoly and the price he paid.

If things had gone Jignesh Shah’s way, he would have been the Czar of Exchanges, a sterling exponent of Prime Minister Narendra Modi’s ‘Make in India’ programme.

Shah pioneered creation of 10 new-generation regulated multi asset (equity, commodity, currency, bond & electricity) financial markets just in 10 years across India, Singapore, Dubai, & Africa. No innovator has been credited with such accomplishments across the world. All the markets were No. 1 in India and No. 2 in the world. He was riding a crest from which very few could have toppled him by way of talent and performance.

But he had taken on institutional forces like the National Stock Exchange (NSE) and invisible forces that backed NSE including its political godfather, corporates with vested interest, rich & powerful brokers and FII fronts—known as the famed Malabar Hill Club—by sheer performance to democratize the market prosperity to masses. First, the Spot Exchange crisis was created and then it was used by this very Club that ganged up with influential politicians and bureaucrats in Lutyen’s Delhi to get Shah arrested in May 2014 on charges that have not yet been proved in Court. Rather, the entire money trail has been established to the 24 defaulting brokers against whom there has been literally no serious action at all as has been done against FTIL and Shah!

In May 2016, it was revealed that brokerages responsible for NSEL payment crisis would come under the scrutiny of market regulator SEBI. A Bombay High Court appointed committee even found brokerages guilty of submitting false PAN card details of clients and trading without their consent.

In this book, seasoned journalist Shantanu Guha Ray meticulously probes the motives of those who shunted Shah out of Exchange businesses and what it means for the politico-business climate of India.

What will you learn from this book

  1. Jignesh Shah's Business Empire:

    • The book likely provides insights into Jignesh Shah's rise to prominence and the creation of his global business empire.
  2. Market Disruption:

    • Expect coverage of how Jignesh Shah disrupted established market monopolies, challenging the status quo in the financial industry.
  3. Financial Innovations:

    • Insights into the financial innovations and strategies employed by Jignesh Shah that led to his success may be discussed.
  4. Challenges Faced:

    • The book likely explores the challenges and obstacles Jignesh Shah encountered during his journey, both within the industry and externally.
  5. Monopoly Breaking:

    • Details on how Jignesh Shah managed to break market monopolies and introduce competition in the financial sector may be a central theme.
  6. Legal and Regulatory Issues:

    • The challenges related to legal and regulatory issues, which are often part of disrupting established markets, may be covered.
  7. Global Impact:

    • The book might discuss the global impact of Jignesh Shah's ventures and how they influenced financial markets on an international scale.
  8. The Price Paid:

    • Exploration of the consequences and the price Jignesh Shah paid for his actions, both in terms of personal and professional repercussions.
  9. Market Dynamics:

    • Insights into the dynamics of financial markets, particularly in India, and the changes brought about by Jignesh Shah's initiatives.
  10. Business and Leadership Lessons:

    • The book could offer business and leadership lessons derived from Jignesh Shah's experiences and the challenges he faced.
Language English
ISBN-10 1684181798
ISBN-13 9781684181797
No of pages 240
Font Size Medium
Book Publisher Shantanu Guha Ray
Published Date 05 Jan 2017

About Author

Author : Shantanu Guha Ray

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