63 MOONS TECHNOLOGIES LIMITED Annual Report 2022-23
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DIRECTORS' REPORT
CORPORATE INFORMATION
BOARD OF DIRECTORS
Mr. Venkat Chary (IAS, Retd.)
Chairman, Non-Executive Director
Justice Deepak Verma (Retd.)
Independent Non-Executive Director
Mrs. Chitkala Zutshi (IAS, Retd.)
Independent Non-Executive Director
Mr. Suresh Salvi (IAS, Retd.)
Independent Non-Executive Director
Mr. Kanekal Chandrasekhar
Independent Non-Executive Director
Mr. Sunil Shah
Non-Executive Director
Mr. Devender Singh Rawat
Non-Executive Director
Mr. Satyananda Mishra (IAS, Retd.)*
Govt. Nominee Director
Dr. Malini Vijay Shankar (IAS, Retd.)*
Govt. Nominee Director
Mr. Parveen Kumar Gupta*
Govt. Nominee Director
Mr. S. Rajendran
Managing Director & CEO
Mr. Devendra Agrawal
Whole-time Director & CFO
*Appointment of Nominee Directors by Ministry of Corporate Affairs has been stayed by the Hon'ble Supreme Court vide its order dated 9th March 2022.
REGISTERED OFFICE
63 Moons Technologies Limited
Shakti Tower- II, 4th Floor, Premises-J, 766, Anna Salai, Chennai - 600 002, Tamilnadu, India.
T: +91 44 4395 0850/51
F: +91 44 4395 0899
CORPORATE OFFICE
63 Moons Technologies Limited
FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai - 400 093, Maharashtra, India.
T: +91 22 6686 1010
F: +91 22 6725 0257
info@63moons.com
www.63moons.com
CIN: L29142TN1988PLC015586
AUDITORS
Sharp & Tannan Associates
Chartered Accountants
SHARE TRANSFER AGENTS
KFin Technologies Limited
Selenium Tower- B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad - 500 032, Telangana, India.
einward.ris@kfintech.com
www.kfintech.com
BANKERS
Axis Bank Limited
HDFC Bank Limited
Union Bank of India
Kotak Mahindra Bank Limited
ICICI Bank Limited
Deutsche Bank AG
Standard Chartered Bank
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63 moons technologies limited • Annual Report 2022-23
CONTENT
1. | Letter From Chairman's Desk | 04 | |
2. | Message From Managing Director & CEO | 06 | |
3. | Board of Directors | 09 | |
4. | Directors' Report | 13 | |
5. | Management Discussion & Analysis | 43 | |
6. | Business Responsibility & Sustainability Report | 49 | |
7. | Corporate Governance Report | 69 | |
8. | Financials | 105 | |
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DIRECTORS' REPORT
INDOMITABLE
"Strength does not come from physical capacity.
It comes from an indomitable will."
- Mahatma Gandhi
History is replete with personalities who have changed society for the better and have positively impacted several lives. Although these game- changers can be distinguished by varying physical attributes, there is one innate quality that connects them all: their indomitable will and indefatigable spirit. This unshakeable belief in themselves has led to some of the greatest revolutions, be it political, industrial, or technological.
The realm of technology has witnessed path-breaking innovators who have revolutionised the world of commerce through their disruptive products and services. Your Company's promoter is one such innovator whose visionary zeal and out-of-the-box mindset resulted in 63 moons technologies limited (formerly Financial Technologies India Limited) introducing pioneering solutions that digitally transformed the Indian financial markets.
It is his indomitable will that has permeated 63 moons, owing to which your Company has always dared to chart unknown territories and established itself as a trailblazer in every domain it entered. From powering financial markets through its cutting-edge brokerage and exchange solutions, to building multi-asset class financial exchanges across the globe, your Company has redefined the word "domination" by towering above competition.
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63 moons technologies limited • Annual Report 2022-23
This journey of reaching the zenith and retaining its numero uno position in every business has been fraught with challenges, be it rival technological innovations or hurdles created by competitors. It is in these testing times that your Company's indomitable DNA and resilient spirit rose to the occasion and helped it weather several storms and vanquish every adversity with unmatched grace.
Your Company has been known to embrace new-age technologies since its inception and that is precisely why it has made inroads into the expansive world of Web 3.0, through its venture, 3.0 verse. Along with its SBUs, 3.0 university and 3.0 tv, 3.0 verse offers an unprecedented access to data, insights, knowledge, and latest updates related to digital assets, blockchain, metaverse, AI, cybersecurity, and a host of futuristic technologies.
Like it has in the past, your Company is focused on creating an ecosystem that extends beyond the organisation-consumer experience and encompasses the wider community, thereby benefiting society at large. While retaining the spirit of excellence in its existing businesses, your Company remains self-assured in its ability to extend the Midas touch to 3.0 verse as well. Going by its track record, it is inevitable that 63 moons will continue to remain indomitable!
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63 Moons Technologies Ltd. published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2023 07:42:44 UTC.
