63 Moons Technologies Ltd

63 Moons Technologies Ltd

63 Moons Techs. Ltd. (Formerly Financial Technologies (India) Limited (FTIL)) is among the global leaders in offering technology IP (Intellectual Property) and domain expertise to create and trade on next-generation financial markets that are transparent efficient and liquid across all asset classes including equities commodities currencies and bonds among others. The Company is pioneer in end to end Straight Through Processing (STP) solution that support high density transactions. It has developed proprietary technology platform benchmark against global standard which give it a decisive edge in driving mass disruptive innovation at the speed and cost of execution unmatched in the financial market industry. Presently it is engaged in business activities like Computer Programming Consultancy and related services.The Company was set up during the year 1988 promoted by C Subramaniam and Associates was initially incorporated as a private limited company. The solutions offered by the company are consisting of Exchange Solutions Brokerage Solutions Messaging Solutions and Technology & Process Consulting. During the year 1990 The Company had deposited a unit in the Madras Export Processing Zone for manufacturing of Modems to export. Subsequently for sale of Modems in the Indian market the Company had set up a unit in Pallavaram in September 1991 and also sets up another one factory at Reddiarpalayam Pondicherry during the same year.The status of the company was converted from Private Ltd to Public Ltd in August 1994; afterward the company was entered into capital market with Initial Public Offering during the year 1995 and in the same year FTIL was diversified the products range to include high-end networking products such as terminal servers print servers X-25 pads and routers. The Company had developed a 6U Modem Card and obtained Type approval from TEC during the period of 1996. The Open Dealer Integrated Network (ODIN) goes live on National Stock Exchange in the year 1998. In July 1999 the company changed its name to Nods Worldwide (NWL). In the year 2000 the company received court approval for Merger of FTIPL & e-Xchange on the Net Ltd. FTIL implemented the Country's first Multi-Exchange Internet trading platform in the year 2001 and in year after in 2002 introduced Country's first Derivatives trading platform. The Company involved in the demerger of its hardware division to a new company Worldwide Infocom Ltd (WIL) in the year 2002 simultaneously WIL merged with Compuage Electronics Ltd (CEL) hence the name of WIL has been changed to Compuage Infocom Ltd (CIL). During the period of 2003 Multi Commodity Xchange kicks off its live operations used end-to-end Exchange Technology Operations from Financial Technologies and also the company installed 10000+ ODIN Terminals in the same year 2003. FTIL bagged Vadodara Stock Exchange subsidiary deal in the year 2003 to deploy integrated trading platform for it's wholly owned Exchange Subsidiary VSE Stock Services Ltd. The Company and Hutch India had launched together the first wireless Internet mobile dealing desk during the year 2004 through the Orange wireless service in Mumbai in the name of `i-Win' this facility provides stock market and trading facilities to Hutch and Orange GPRS mobile phone users. In 2005 the company launched DGCX. The 100 Million USD Foreign Currency Convertible Bonds (FCCB) offering of the company was completed in the year 2006. The company bagged Deloitte Technology Fast50 India 2006 award during the year 2006 and in the same year the Best Commodity Exchange Award also came to company's hand. FTIL has had partaken in Global Depositary Receipts (GDR) 115 million USD GDR Offering was completed in 2007. In the same year 2007 FTIL received Global IT Innovation Award Best Innovative Exchange and the Amity Corporate Excellence Award. As on March 2008 The World is Open Award was awarded to the company. The Company has acquired 90% stake in South Africa based ICX Platform for $1.50 million during the year 2008. Financial Technologies (India) Limited established among global leaders in creating successful exchanges in markets by the way of better service the company focused mostly either underserved or economically unviable to be served by traditional players which is the concept behind the success of FTIL. During fiscal 2008-09 flagship product suite for exchange solutions DOME (Distributed Order Matching Engine) released its new version which is 64 bit memory address aware. The upgraded DOME application was deployed at MCX and was also installed at MCX Stock Exchange and National Spot Exchange Ltd. (NSEL). The Company incorporated a wholly owned subsidiary namely Boursa India Ltd. (BIL) in February 2009. It deployed a new version of its Exchange Technology suite at MCX MCX-SX NSEL SMX and GBOT in 2010-11.During 2010-11 Company set up two subsidiary Companies namely Financial Technologies Projects Pvt. Ltd. (FTPPL) Mauritius incorporated on April 23 2010 and FT Projects Ltd. (FTPL) incorporated on May 18 2010 in India. It launched 3 international exchanges - Singapore Mercantile Exchange (SMX) in Singapore Global Board of Trade (GBOT) in Mauritius and Bahrain Financial Exchange (BFX) in Bahrain. The Company consolidated its operations by shifting to owned state-of-the-art facility at Chakala Andheri (E) and commenced its operations from SEEPZ Andheri.During 2012-13 Company reduced its stake in IEX to comply Central Electricity Regulatory Commission (Power Market) Regulations 2010 in which it was holding 30.14% of total issued and paid-up share capital on fully diluted basis in IEX till September 2013. And accordingly the Company diluted 5% of the issued and paid up equity share capital of IEX during the year.The Company during 2012-13 alongwith other shareholders entered into a share purchase agreement for sale of 100% equity shares in the National Bulk Handling Corporation Limited (NBHC) which accordingly completed the sale transaction in April 2014. The Company divested all its stake in the Singapore Mercantile Exchange Limited (SMX) and its clearing house SMX Clearing Corporation Limited (SMXCCL) through wholly owned subsidiary of Company Financial Technologies Singapore Pte. Limited.The Company divested balance holdings in Indian Energy Exchange Limited (IEX) and Dubai Gold and Commodities Exchange (DGCX) during 2015-16. The name of Company changed from Financial Technologies (India) Limited (FTIL) to 63 moons technologies limited effective from May 27 2016. During the year 2015-16 Financial Technologies Projects Private Limited ceased to be the Company's Subsidiary effective on June 18 2015; Capricorn Fin-Tech (Private) Limited (Subsidiary of Financial Technologies Middle East DMCC) ceased to be its Step-down Subsidiary effective on June 15 2015 and Dubai Gold and Commodities Exchange DMCC ceased to be a Joint Venture Company effective on March 16 2016 respectively.During 2019-20 Company sold 286914688 shares in Atom Technologies Limited (ATOM) a subsidiary of the Company to NTT Data Corporation Japan. Consequent to the sale ATOM has ceased to be a subsidiary of the Company and is now an Associate of the Company. ODIN Aero the new super-charged rich internet application was launched with multiple operating systems and browsers for convenience of trading in 2019.