Jetking Infotrain Limited, an IT education company based in Mumbai, has announced plans to raise 6.6 million Indian rupees, or about $793,000, through a preferential share issue to expand its bitcoin treasury and support crypto-related initiatives. The plan was confirmed by Chief Financial Officer Siddarth Bharwani, underscoring the company’s continuing commitment to a corporate strategy centered on bitcoin accumulation.
Fundraise Structured as Preferential Share Issue
According to the company’s statement, the board-approved strategic fundraise will be carried out through the issuance of 428,622 equity shares at 154 rupees per share. That price consists of a 10-rupee face value and a 144-rupee premium. The shares are expected to be allotted to promoter groups as well as selected non-promoter investors, with the transaction structured in accordance with applicable regulations under the Securities and Exchange Board of India (SEBI) and the Companies Act.
The proceeds are intended primarily for bitcoin purchases, while a portion may also be allocated to general corporate purposes and bitcoin-focused educational programs. This makes the proposed raise more than a simple balance sheet exercise: it also aligns with Jetking’s identity as an education company seeking to integrate digital asset exposure with training and curriculum development.
Building on a Bitcoin-Only Treasury Policy
Jetking had already adopted a “bitcoin only” treasury policy in late 2024, making it one of the earliest public companies in India to explicitly position bitcoin as a treasury reserve asset. As of December 31, 2024, the company held an estimated 14.77 BTC, valued in the source report at approximately $1.2 million.
The latest capital raise therefore represents an expansion of an existing strategy rather than a first step into crypto. Management appears to be signaling that bitcoin will remain central to Jetking’s treasury planning, even as the broader Indian policy environment around digital assets remains cautious and evolving.
From Electronics to IT and Emerging Technologies
Jetking’s corporate history stretches back to 1947, when it was founded as an electronics business. In 1990, the company pivoted into IT training, a move that reshaped its long-term business model. Today, Jetking operates 100 centers across India and trains roughly 35,000 students annually in areas including blockchain, cybersecurity, and related technology disciplines.
That educational footprint gives the company a somewhat unusual profile in the bitcoin treasury landscape. Unlike firms whose digital asset strategies are tied mainly to mining, software, or capital markets activities, Jetking also has a direct channel into workforce training and technical education. Its crypto initiatives therefore sit at the intersection of treasury management and skills development.
The source material also noted that Jetking reported a 39% increase in quarterly operating income in 2024, suggesting that its bitcoin strategy is unfolding alongside broader business momentum rather than in response to operating weakness.
India’s First Listed Company to Add Bitcoin to Its Balance Sheet
In December 2024, Jetking became the first publicly listed company in India to add bitcoin to its balance sheet. That step drew comparisons to U.S. companies such as Strategy and MARA, both of which have become closely associated with bitcoin-centric corporate strategies.
The market response to Jetking’s initial move was notable. Following its first BTC purchase, the company’s stock reportedly climbed 20%. While a short-term share price reaction does not determine the long-term success of a treasury policy, it indicated that investors were paying attention to Jetking’s attempt to differentiate itself in India’s public market landscape.
By moving early, Jetking established itself as a test case for how listed Indian companies might approach bitcoin exposure. Its strategy also highlights a growing global trend in which public firms use equity financing or balance-sheet restructuring to gain direct exposure to digital assets.
Approvals Still Required
The proposed share issuance is still subject to shareholder approval and regulatory clearance. As with any preferential allotment, final execution will depend on compliance with the relevant corporate and securities rules. This means the announcement should be viewed as an approved plan in progress rather than a completed capital event.
Even so, the messaging from management suggests confidence in the direction of travel. Bharwani hinted that “bigger things are coming,” implying that Jetking may pursue additional crypto-linked actions beyond this fundraise. Based on the disclosed information, those future steps have not yet been detailed, but the statement clearly reinforces the company’s intention to deepen its digital asset strategy.
A Distinctive Crypto Bet in a Cautious Market
Jetking’s latest move stands out because it combines several themes at once: corporate bitcoin accumulation, public-market financing, and blockchain education. In a country where official attitudes toward digital assets have often been measured and conservative, the company is positioning itself as an early and visible institutional adopter.
Its approach remains focused on facts already disclosed: raise capital through a regulated preferential issue, direct most of the proceeds into bitcoin, and continue integrating crypto into both treasury management and educational initiatives. If approved, the fundraise would further strengthen Jetking’s role as one of India’s most closely watched corporate experiments in bitcoin adoption.
For now, the announcement marks another step in the company’s transition from a traditional IT training brand into a listed business with a clearly defined bitcoin strategy. Whether that strategy ultimately becomes a broader model for Indian corporates remains to be seen, but Jetking has made its direction unmistakably clear.