MUMBAI (India CSR): Jetking, India’s prominent IT training powerhouse, has taken a bold leap into the future of finance. In a first-of-its-kind move for the education sector, the company has announced a Rs 6.6 crore strategic fundraise to fuel its Bitcoin acquisition plans, invest in blockchain-focused education, and strengthen its corporate infrastructure.
This move makes Jetking one of the first Indian IT education companies in the APAC region to formally integrate Virtual Digital Assets (VDAs) like Bitcoin into its core business roadmap.
“We’re not following a trend—we’re making a long-term bet on digital transformation,” said Jetking’s CFO Siddarth Bharwani. “Bigger things are coming.”
Key Facts: Jetking’s Strategic Bitcoin Fundraise
Topic Details Company Jetking Infotrain Ltd. Fundraising Amount Rs 6.6 crore Purpose of Fundraising Bitcoin acquisition, blockchain education, corporate development Equity Issuance 4,28,622 equity shares Issue Price Per Share ₹154 (₹10 face value + ₹144 premium) Allotment Method Preferential basis to Promoter Group and selected Non-Promoters Regulatory Compliance SEBI (ICDR) Regulations, 2018 & Companies Act, 2013 Management Structure No change Shareholding Impact Potential adjustment post-allotment Use of Funds – Acquisition of Virtual Digital Assets (Bitcoin)
– Blockchain training
– General corporate purposesApprovals Required Shareholder and regulatory approvals CFO Statement “Bigger things are coming” – Siddarth Bharwani Sector First First Indian IT training company in APAC to integrate Bitcoin in operations
The Fundraise: Breaking Down the Numbers
The board has approved the issuance of 4,28,622 equity shares at Rs 154 per share (Rs 10 face value + Rs 144 premium). The entire Rs 6.6 crore raise will be done through a preferential allotment to promoter group members and identified non-promoter investors, in line with SEBI (ICDR) Regulations, 2018 and the Companies Act, 2013.
Key Highlights:
- Total equity to be issued: 4,28,622 shares
- Issue price: ₹154 per share
- Total value: ₹6.6 crore
- Status: Subject to shareholder and regulatory approval
Importantly, the management structure remains unchanged, although the shareholding pattern may shift slightly post-issuance.
Why Bitcoin? Jetking’s Vision for Digital Integration
Jetking’s move comes at a time when global institutions are increasingly adding Bitcoin and other VDAs to their treasuries, signaling confidence in the long-term value of decentralized finance.
Jetking plans to:
- Expand its Bitcoin treasury operations, ensuring asset diversification and future resilience.
- Develop specialized training modules on Bitcoin, blockchain, and Web3 technologies, preparing India’s workforce for the evolving digital economy.
- Use part of the funds for general corporate development, including tech upgrades and operational scaling.
“Bitcoin is not just an asset. It’s a signal of where global financial systems are headed. We’re aligning our mission to that vision,” Bharwani noted.
Blockchain Education: Skilling for Tomorrow
With India poised to become a major player in the Web3 and digital asset space, Jetking wants to lead the charge by offering cutting-edge training programs. The funds will support:
- Skill development courses for students and professionals on Bitcoin and blockchain fundamentals.
- Hands-on lab modules for real-world VDA applications.
- Collaborations with fintechs and blockchain startups to boost employment opportunities.
This aligns with India’s broader Digital India vision, ensuring that emerging tech reaches grassroots learners, not just metro-based professionals.
Regulatory and Governance Lens
While Jetking’s move is bold, it is also cautious and compliant. The entire process is:
- Subject to shareholder approval, expected in the upcoming General Meeting.
- Awaiting regulatory clearances, as mandated by SEBI and Ministry of Corporate Affairs.
- Bound by internal risk management frameworks and evolving VDA guidelines by Indian regulators.
Experts believe that Jetking’s transparency in disclosures and structured approach could set a precedent for other education and skilling firms eyeing entry into the crypto or blockchain ecosystem.
Industry Response: Bold, Timely, and Visionary
Jetking’s announcement has created ripples across India’s education and tech communities. While some see it as a calculated risk, others hail it as visionary leadership.
“Jetking has always been ahead of the curve. This Bitcoin move shows they’re preparing not just to train minds—but also to train them for the future,” said an industry analyst.
The strategic shift is also timely, as India’s crypto landscape gradually moves toward regulation and standardization, rather than restriction.
You Learn: A Leap of Faith in a Digital Tomorrow
Jetking’s ₹6.6 crore fundraise is more than a financial transaction—it’s a declaration of intent. By embedding Bitcoin into its strategy and investing in blockchain education, the company is future-proofing itself and the learners it serves.
As regulatory clarity emerges and digital finance gains legitimacy, Jetking could become India’s poster child for responsible, forward-looking innovation in education and finance.
(India CSR)
