Jignesh Shah – The Rise and Fall of an Ambitious Entrepreneur
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Details
Case Code:
LDEN111
Case Length:
9
Period:
Pub Date:
2017
Teaching Note:
YES
Price (Rs):
500
Organization:
National Spot Exchange Limited (NSEL)
Industry:
Financial Services
Country:
India
Themes:
Entrepreneurship,New Product Development, Ethical Decision Making
Abstract
The case presents the enthusiasm and passion with which Jignesh Shah (Shah) started a fin-tech company and the success it enjoyed. It elaborates how Shah, son of an iron and steel trader in Mumbai, India, became a billionaire by 40. Shah’s was a success story until he decided to violate legal and ethical norms and took some decisions that transgressed legal boundaries.
Learning Objectives
The case is structured to achieve the following Learning Objectives:
- Present the ethical dimension of entrepreneurship.
- Describe the consequences of entrepreneurial passion becoming greed.
- Share the experiences and lessons of ethical violation by entrepreneurs and the role of ethics in entrepreneurial success.
Keywords
Jignesh Shah, entrepreneurship, commodity trading, multi commodity exchange, Money Laundering, Forward Contracts