63 Moons Technologies began life as the company that digitised India’s financial markets, then spent two decades building the technology backbone for some of the world’s largest commodity and stock exchanges. Today it is an emerging-technologies group that takes the same approach - create intellectual property in a high-stakes, trust-sensitive domain, prove it inside a regulated institution, then spin it out into a standalone venture - and applies it to cybersecurity, Web3 and legal technology. The common thread is a “technology in its DNA” mindset: the company builds deep, mission-critical software stacks, often over many years, and then looks for ways to turn them into recurring, transaction-linked or subscription-based revenue streams. # Business segments Three engines at different stages - a legacy exchange-technology franchise that still powers a national stock exchange, a fast-scaling cybersecurity platform built on global alliances, and an early-stage Web3 ecosystem - each born from the company’s core skill of running regulated market infrastructure. ## 1. Exchange technology: the mission-critical backbone for capital markets **The company builds and runs the full technology stack that lets an exchange trade, clear and settle everything from equities to commodities - and it still powers a live national exchange today.** - **One platform, every asset class** - the Exchange Technology Framework Product Suite (ETFPS) is a single, scalable framework that handles multi-asset, multi-currency trading and settlement, so an exchange can launch local or cross-border markets without rebuilding its tech from scratch. - **Live inside a national stock exchange** - the division runs the mission-critical operations of the Metropolitan Stock Exchange of India (MSE), and in January 2026 MSE launched its Equity Cash Segment on an upgraded trading engine supplied by 63 Moons, modelled on the same technology-services arrangement the company once provided to MCX. - **Revenue that rises with the market** - part of the division’s fee is linked to the turnover on the exchanges it serves, which means its income grows automatically when trading volumes climb. - **A second life for the same tech** - the division has begun selling “Market Place Technology” software to new clients, generating revenue in FY25, and is actively exploring ways to repurpose its existing exchange-grade architecture for better commercial returns. ## 2. Cybersecurity: a full-spectrum shield, from citizens to critical infrastructure **Through its subsidiary 63SATS, the company sells cybersecurity as a managed service - bundling technology from 15-plus global security firms into three distinct engines that cover individual mobile users, large enterprises, and government infrastructure.** - **Three engines under one roof** - the Enterprise Security engine (CSF platform) provides implementation and managed security for corporates; the Government & Critical Infrastructure engine (CyberDome) delivers military-grade protection for airports and national assets; and the IP & Product division (CYBX DNA) builds proprietary products including a consumer security super-app. - **Global alliances, local delivery** - 63SATS has structured OEM partnerships with Palo Alto, Fortinet, CrowdStrike and others, plus an exclusive managed-security partnership with Claroty for operational-technology security in the region, which lets it offer a wide catalogue without building every tool itself. - **A consumer app with 90-plus features** - the CYBX mobile product gives citizens a direct-to-consumer security tool covering more than 90 security features, and by FY26 it had clocked over 1.8 million downloads and 232,000 subscribers. - **Already inside a key airport** - a highlight of FY26 was delivering cybersecurity solutions for a major Indian airport, proving the government-engine’s ability to win and execute critical national-infrastructure contracts. ## 3. Web3 ecosystem: a super-app bet on blockchain and digital assets **Through subsidiary Ticker Limited, the company is building a branded ecosystem called 3.0 Verse - a global super-app that combines trading, education, media and data, all centred on blockchain-based digital tokens and fractional ownership.** - **A super-app for tokenised assets** - the 3.0 Verse app lets users trade digital tokens across centralised and decentralised exchanges, with features like arbitrage trading, stop-loss and price alerts, aiming to solve problems of liquidity and high transaction costs in traditional markets. - **Education and media feed the funnel** - 3.0 University creates blockchain and AI courses from primary to PhD level, while 3.0 TV runs a 24×7 YouTube channel covering Web3 news, both designed to draw users into the ecosystem. - **Live with a regulated client** - in May 2026, Ticker’s technology solution went live for a Financial Intelligence Unit-approved client in India and globally, with the platform receiving strong appreciation for its robustness and scalability. - **A reverse merger in progress** - Ticker is in the process of merging with a BSE-listed company under insolvency resolution, a move that could give the Web3 business a listed entity structure, though the resolution plan is still pending before the NCLT. # Group structure and partners **The company operates through a web of subsidiaries - some active and scaling, others tied up in a long-running legal overhang - with the most consequential entities being the cybersecurity and Web3 ventures, while the legacy exchange-tech business sits inside the parent.** - **The NSEL shadow** - the parent’s 99.99%-owned subsidiary National Spot Exchange Limited remains at the centre of extensive legal proceedings dating back to a 2013 payment default; a Scheme of Settlement approved by the NCLT in November 2025 envisages paying ₹1,950 crores to 5,682 traders in full and final settlement, with 92.81% of traders by number voting in favour. - **Cybersecurity subsidiary with its own board** - 63SATS Cybertech is chaired by a former National Cyber Security Coordinator of India and advised by the former Director General of Israel’s INCD; 63 Moons held 65.27% after converting debentures in December 2025, with management control retained through the Articles of Association. - **Web3 subsidiary with a global footprint** - Ticker Limited (67.49% owned) has step-down subsidiaries in Dubai and Mumbai, and its ownership has gradually diluted from 100% to 67.49% through multiple funding rounds as the venture raised capital. - **Divested legacy products** - the company sold its ODIN order-management, MATCH back-office and STP-Gate messaging businesses on a slump-sale basis between January and September 2025, collectively bringing in ₹135 crores in cash and narrowing the parent’s focus to its core exchange and emerging-tech engines.