Jetking Infotrain Limited , a prominent player in the IT and skill development sector, has announced two significant developments that are set to shape the company's future trajectory.

Chairman Re-appointment

The Board of Directors of Jetking Infotrain has approved the re-appointment of Avinash Bharwani as Chairman & Whole-time Director for a term of three years, from August 11, 2025, to August 10, 2028. This decision is subject to shareholder approval at the upcoming general meeting.

Avinash Bharwani brings a wealth of experience to his role, with 21 years in diverse industries including Food & Beverage, Information Technology, and Skill Development. His expertise spans various critical areas such as market research, innovation, product development, franchise expansion, fund-raising, mergers and acquisitions, and business modeling.

It's worth noting that Bharwani has familial ties within the company's leadership. He is related to Harsh Bharwani, the Managing Director & CEO, and Siddarth Bharwani, the Joint Managing Director & CFO.

Ambitious Fundraising Initiative

In a move aimed at bolstering the company's financial position, the Board has also given its nod to a substantial fundraising plan. Jetking Infotrain is set to raise up to Rs 115.00 crore through a preferential allotment of equity shares to non-promoter investors.

The fundraising will be executed through the issuance of 4,60,000 equity shares at a price of Rs 250.00 per share. This price represents a premium of Rs 240.00 over the face value of Rs 10.00 per share.

Allocation Details

The preferential allotment will be distributed among ten non-promoter investors. Here's a breakdown of the major allocations:

The remaining shares will be distributed among four other investors, each receiving 10,000 shares.

This strategic move is expected to not only infuse fresh capital into the company but also broaden its investor base. The funds raised could potentially be utilized for expansion plans, technological upgrades, or other strategic initiatives, although the specific use of proceeds has not been disclosed in the available information.

Both the re-appointment and the fundraising plan are subject to necessary shareholder and regulatory approvals. These developments signal Jetking Infotrain's commitment to strengthening its leadership and financial position as it navigates the dynamic landscape of the IT and skill development sector.

Mumbai-based IT firm Jetking Infotrain has made a significant move into the cryptocurrency market, raising ₹6.10 crore through a preferential share issue to invest in Bitcoin. The company has strategically positioned itself in the digital asset space, making Bitcoin its primary treasury reserve asset.

Bitcoin Holdings

Jetking Infotrain now holds a substantial Bitcoin portfolio:

This investment represents a bold step for the IT training company, signaling its confidence in the long-term potential of cryptocurrencies.

Diversified Crypto Portfolio

In addition to its Bitcoin holdings, Jetking has also invested in Ethereum:

This diversification into multiple cryptocurrencies suggests a broader strategy in the digital asset market.

Strategic Treasury Management

By adopting Bitcoin as its primary treasury reserve asset, Jetking Infotrain is positioning itself at the forefront of companies embracing cryptocurrencies as a store of value. This move aligns the company with a growing trend of corporations looking to diversify their treasury holdings beyond traditional assets.

The company's decision to raise funds through a preferential share issue specifically for Bitcoin investment demonstrates a deliberate and focused approach to entering the cryptocurrency market. As the crypto landscape continues to evolve, Jetking's strategic move will likely be watched closely by investors and industry observers alike.