Empowering India's Crypto Landscape with Innovative INR Futures

We believe in a crypto-empowered India, where innovation and compliance redefine financial freedom.

Indian Crypto Ecosystem : Key Insights

Approximately 15 million customers at its peak.


Punitive taxation (1% TDS, 30% flat tax on gains, no loss offset) caused a decline in the last 18 months.


India's share in global crypto trading volume plummeted from 0.57% to 0.03% during this period.


Most of these transactions have shifted from Indian to international exchanges.


Indian crypto spot exchanges witnessed a sharp 97% decline from Jan 2022 to Oct 2022.

We believe that Crypto derivatives (perpetual futures) can solve some of the problems and infuse a new life into the industry.


Crypto derivatives volume is 5 to 20 times higher than spot volumes.


Most of the frauds involve Crypto withdrawals. We wont allow Crypto withdrawals.


The punitive taxation does not apply to Crypto derivatives.


Banks are more comfortable if the exchanges don't allow crypto withdrawals.


INR Futures will perform better as customers are comfortable with local currency.

Our Story

Cryptocurrencies have shown disruptive, wealth-creating potential. But crypto trading needs to evolve beyond just risk-taking. Our name Pi42 signifies the interplay of strategic thinking and analytical insights needed to master crypto markets.


π represents the infinite, patternless nature of markets - requiring nonlinear strategies.


42 comes from The Hitchhiker's Guide to the Galaxy as the “Answer to the Ultimate Question of Life, the Universe, and Everything” It symbolises asking the right questions.

By combining π and 42, we embrace strategic and analytical thinking to thrive in volatile cryptos.

Welcome to Pi42. Let's redefine what's possible in crypto futures trading, together.

Meet the Founders

  • Avinash Shekhar

    Co-Founder & CEO


    Avinash Shekhar, with over 26 years in finance, co-founded Pi42 on the back of his tenure as Zebpay's CEO, where he led its ascent in the crypto space. A Chartered Accountant by training, his extensive experience includes pivotal roles at Airtel, Urban Ladder, and Forever 21. Avinash's strategic acumen and leadership have been central to Pi42's mission, driving forward India's crypto futures trading market with an unwavering focus on innovation and financial integrity.

  • Nischal Shetty



    Nischal Shetty, the visionary behind Shardeum and WazirX, has revolutionized the blockchain and cryptocurrency landscape in India. His journey spans over a decade, creating platforms like Crowdfire with millions of global users. Recognized in Forbes' '30 under 30', Nischal's advocacy for accessible cryptocurrency and positive regulation highlights his commitment to innovation and financial inclusivity. His leadership at WazirX, securing its position as India's top crypto exchange, underscores his significant influence in the industry.

Meet the Executive Team

Karthikeyan NG

Chief Technology Officer


Karthikeyan NG, leading Pi42's technical direction brings over 14+ years of experience in product and technology, focusing on Blockchain, AI, and ML. His experience from firms like Sequoia, Nference, and Chumbak drives Pi42's advancement. He's authored two books on AI/ML, is a TEDx speaker, and teaches at his alma mater. His dedication to innovative tech fuels Pi42's goal of accessible advanced trading solutions for Indian market.

Siddhartha Chatterjee

Director: Engineering


Siddhartha Chatterjee, an IIT Bhilai alumnus, heads Pi42's engineering team with 7+ years of expertise in building scalable distributed systems. His dynamic leadership blends strategic vision with hands-on technical acumen, propelling Pi42 to new heights in emerging technologies. Beyond Pi42, he has mentored multiple blockchain web3 startups, showcasing both technical prowess and a dedication to fostering innovation in the tech landscape.

Nayan Awasthi

Director: Strategy & Business Ops


Nayan assumes the role of overseeing business operations and strategy at Pi42, fueled by a genuine enthusiasm for crypto. He completed his graduation from IIT Roorkee in 2018 and previously held the position of Chief of Staff for Strategic Initiatives at Yulu Bikes Pvt. Ltd.