Who is Jignesh Shah - The Kandivili boy of 5600 crore NSEL scam or the one who made powerful enemies and an innovator who got killed. Senior journalist Shantanu Guha Ray latest book 'The Target' has let the cat out of the bag with meticulous research on how entrepreneurship and technology led innovation-capable of breaking market monopolies and creating a new order and thousands of jobs can also suffer at the hands of those who are actually responsible for facilitating their growth.
The book takes a deep dive at the NSEL payment crisis and explains what went wrong and who perpetuated the crisis. More importantly, it asks very pertinent questions, the most important of them being: Could not this crisis be averted?
Speaking on the occasion, Guha Ray said, "My two years of extensive research brought out an alarming story just waiting to be told. It questions some fundamental lacunas in the system, and exposes vested interests that work to malign and punish any threat to a coterie of individuals"
In this book, Shantanu meticulously probes the motives of those who shun Shah of the Exchange business and what it means for India's politico-business climate.
If things had gone Jignesh Shah's way, he could have been the Czar of exchanges, a sterling exponent of PM Narendra Modi's 'Make in India' programme.Shah pioneered the creation of 10 new generation regulated multi-assets financial markets just in 10 years across India, Singapore, Dubai and Africa. No innovator has been credited with such accomplishments across the world. But he had taken on institutional forces like the NSE and invisible forces that backed NSE including its political godfather, corporate and vested interests, rich and powerful brokers and FII fronts- known as the Malabar Hill Club- by sheer performance to democratise the market prosperity to masses.
Shantanu Guha Ray a Wharton-trained journalist with over three decades of experience, specialising in investigative, business and human interest news features. Shantanu scooped the billion-dollar coal scam in 2011, followed by the airport scandal in Delhi the following year. His previous books are a biography of the former Indian cricket captain M. S. Dhoni titled "Mahi" and another one on cricket's illegal cash called "Fixed." The forward for the book is written by author, columnist and commentator Suhel Seth and published by AuthorsUpfront.
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Naina Sood is a Economics graduate and has done her post graduation in International economics and Trade. She has deep interests in Indian economy and reforms
