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63 Moons Technologies Ltd.

BSE: 526881 Sector: IT
NSE: 63MOONS ISIN Code: INE111B01023
BSE 15:53 | 27 Mar 2018 63 Moons Technologies Ltd
NSE 05:30 | 01 Jan 1970 63 Moons Technologies Ltd
OPEN 90.50
PREVIOUS CLOSE 89.05
VOLUME 85729
52-Week high 166.00
52-Week low 53.80
P/E 6.29
Mkt Cap.(Rs cr) 419
Buy Price 0.00
Buy Qty 0.00
Sell Price 90.85
Sell Qty 39.00
OPEN 90.50
CLOSE 89.05
VOLUME 85729
52-Week high 166.00
52-Week low 53.80
P/E 6.29
Mkt Cap.(Rs cr) 419
Buy Price 0.00
Buy Qty 0.00
Sell Price 90.85
Sell Qty 39.00

63 Moons Technologies Ltd. (63MOONS) - Chairman Speech

Company chairman speech

MAKE IN INDIA- MANTRA FOR THE NEXT DECADE

Ever Keeping in line with the Make in India mantra for indigenous innovation Indianenterprises would rewrite their paradigm to harness technology and talent gettingIndia’s best to give their best to India.

For more than two decades the cream of Indian talent has written a new chapter inGlobal technology innovation and industry. But India as a nation has basked in thisreflected glory as one of the largest consumer bases of multinational giants. A muchawaited impetus by the Government Corporate and skilled professionals is rewriting a newchapter of growth and India powered by youth is prepared for a trajectory ofindependent indigenous and innovative progress. We have been blessed with the gift offoresight in identifying and implementing benchmarks that set new superlatives in thefinancial markets and have become models of democratization. We wrote financial history intrading through our path-breaking technology laid and nurtured the foundation for themulti-asset markets in India and after etching a golden past in India’s businessarena we now are poised to write the future.

THE YEAR THAT WAS

Unjust persecution from vested forces had us force-exit businesses we cultivated and wecontinue to exercise every legal recourse at our disposal hoping that the truth of ourvictimization will finally prevail. We have held our stead with aplomb consolidating andsustaining our position. When the going gets tough the tough get going and it’s amatter of time before we redeem ourselves.

VISION 2025. USHERING IN E-SWADESHI

With our sight firmly set on the surge ahead and the task at hand we would chart ourfuture journey under the sail of ’63 moonsTM’ a new proposed namethat symbolizes endless possibilities positivity and perpetuity. This renaming takesinspiration from the largest known ecosystem in the universe- that of the planet Jupiterand its 63 Moons. The discovery of each of these moons has intrigued mankind with thepresence of water hydrocarbons and oxygen- the basic blocks of life. This echoes theexpanse of our aspiration which will make every effort to turn it into a reality.

We want not just financial markets but our endeavour is to be with everytechnology-based industry in India to benefit from our ingrained expertise. We now aim atbecoming the de facto ‘powered by’ technology partner of choice to create anddevelop an ecosystem of 108 new Indian Digital Disruptors in key sectors such as RetailEducation Healthcare Agriculture Environment Infrastructure and Space among othersover the next 10 years by 2025.

With this vision our board of directors has decided to constitute the JS InnovationLab as centre for ‘technovation’. The name ‘JS Innovation Lab’ hasbeen chosen to raise a toast to the person who innovated and created a new ecosystem inthe finance markets of India a self-made man who created a revolution on his own. Keepingin line with the trend worldwide JS Innovation Lab is on the lines of Bell Labs GoogleLabs and Apple. The exploration of IP will be on the building blocks of Internet of Things(IOT) Artificial Intelligence Speech Recognition Behavioural Science includingPredictive and Real Time Data Analytics SMAC and 4G. JS Innovation Lab a center that willcreate IP and patents. It will inspire nurture and mentor IP creators which 63 moonsTMwill partner to create right shareholder value by creating right customer value.

63 moonsTM will commercialize the IP created at JS Innovation Lab. With theJS Innovation Lab as our crown- jewel it’s time for us to transit from our orbit ofa finance- vertical-led business to the next orbit of ’63 moonsTM’ asan innovation and technology-led enterprise that would accelerate ‘technovation’in the market-space.

It is a new beginning for us in another sense that our Chairman Emeritus Mr. JigneshShah has also agreed to the Board’s request to continue as our Chief Mentor@ JSInnovation Lab and guide lending 63 moonsTM his spark from the heyday of FTIL.In addition FTIL’s founder partners Mr. Ghanshyam Rohira and Mr. Dewang Neralla asalso Dr. Bandi Ram Prasad and Mr. Miten Mehta from Silicon Valley would also lend theirinsights and magic that propelled us to the zenith two decades ago.

With a sense of deja vu and anticipation the 63 moonsTM family has growncloser and stronger. Our esteemed stakeholders have been a part of this journey and wewelcome them to our golden dream of the future.

VENKAT CHARY

Chairman Independent Non-executive Director