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Jignesh Shah – The Rise and Fall of an Ambitious Entrepreneur
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.... |
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Issues
The case is structured to achieve the following teaching 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.
| Contents |
| INTRODUCTION |
| BACKGROUND |
| MCX AND NSEL INCORPORATED |
| THE INFLUENTIAL SHAH |
| THE INITIAL FISSURES |
| THE NSEL SCAM |
| WHAT ACTUALLY TOOK PLACE |
| THE BLAME GAME |
| THE CRACKDOWN |
| EXHIBITS |
Keywords
Jignesh Shah, entrepreneurship, commodity trading, multi commodity exchange, Money Laundering, Forward Contracts
