### **Overview** Jetking Infotrain Limited is a pioneering Indian IT and integrated management systems (IMS) training company with over five decades of legacy, tracing its roots back to 1970 when it began distributing radio kits to democratize access to technology. Today, the company has evolved into a forward-thinking, full-stack blockchain and digital education enterprise, positioning itself at the forefront of India’s transition from Web2 to Web3 technologies. With a strong footprint across 40+ training centers in India and Vietnam, Jetking combines vocational skilling with cutting-edge innovation, most notably through its adoption of Bitcoin as a strategic treasury asset. --- ### **Core Business Segments** #### **1. Vocational & Higher Education in Emerging Technologies** Jetking is a leading provider of job-oriented, career-focused education in high-growth tech domains: - **Flagship Programs**: - *BCA in Cloud Computing & Cyber Security* (3-year degree) - *BCA in Data Science with AI* - *Dual-Focus Program in Cloud Computing with AI* - **Postgraduate & Diploma Courses**: - Masters in Cloud Computing (JK MCC) - Diploma in Blockchain, Metaverse, Ethical Hacking, and Mobile Cloud Computing - These programs integrate academic affiliations with NSDC, Lincoln University, and Yenepoya University, enhancing their credibility and employment outcomes. #### **2. Teaching Methodology & Delivery Model** - **SmartLab Plus**: A blended learning approach combining technical training with soft skills development (employability, public speaking, interviews). - **Omnichannel Delivery**: Hybrid model integrating physical labs with mobile apps, LMS platforms, live instruction, and virtual simulations. - **Accessibility**: Content available in regional languages; mobile-first design enables reach across tier 2 and emerging cities. - **Flexible Learning Paths**: Programs offer multiple entry and exit points, catering to 10+2 students, graduates, and mid-career professionals. --- ### **Strategic Transformation: The BTEAC Roadmap (2025–2035)** Jetking has launched a visionary 10-year strategy called **BTEAC**—an acronym for **Blockchain, Treasury, Education, Adoption, and Consultancy**—to build a comprehensive Bitcoin- and blockchain-centric ecosystem: #### **1. Blockchain Education & Skill Development** - Pioneered India’s first **NSDC-certified Master’s program in Blockchain Development (2021)**. - Launched a **600-hour blockchain course** and the “**Bharat on Blockchain**” initiative to drive mass skill adoption. - Offers full-stack Web3 courses including blockchain, metaverse, AI, and real-world asset tokenization. - Targets increasing newer course contribution from 8% to **50% of total enrollments** over time. #### **2. Bitcoin Treasury Strategy ("Bitcoin For Bharat")** Jetking made history by becoming the **first publicly listed Indian company to formally adopt Bitcoin as a treasury reserve asset**, with acquisitions beginning in March 2022 and formalized in November 2024. - **Holdings**: 15.02 BTC as of March 2025. - **Performance**: Generated a remarkable **177% BTC yield in FY25**, showcasing capital efficiency. - **Framework**: “**BAAP**” (**Buy At Any Price**) – systematic, scheduled capital injections tied to price movements to average in over time and reduce volatility risk. - **Storage**: Bitcoin held in secure, multi-signature cold wallets via regulated channels. - **Transparency**: Quarterly disclosures of BTC holdings, BTC per share, and BTC yield to ensure investor clarity. - **Vision**: To compound shareholder value via an **anti-dilutive capital structure** while giving indirect exposure to Bitcoin without private key management. #### **3. Capital Strategy & Fundraising Innovation** - Completed a **preferential equity issue** approved by BSE and shareholders to fund further Bitcoin purchases. - Evaluating hybrid instruments like **convertible debentures and preference shares** to diversify funding sources. - Maintains regulatory compliance across all treasury activities, aligning digital asset investments with traditional equity markets. #### **4. VDA Consultancy & Corporate Engagement** - Expanding into **Virtual Digital Assets (VDA) consultancy** and **blockchain adoption services** for enterprises. - Positioned as a **thought leader** in corporate Bitcoin education—conducting workshops, publishing frameworks, and hosting industry events. - Aims to become a **strategic learning partner for global Web3 firms** and a B2B supplier of blockchain training to Indian corporates. --- ### **Business Model & Expansion Strategy** #### **Center Expansion & Franchise Models** - **COCO (Company Owned, Company Operated)**: Deployed in metro cities with advanced infrastructure. - **FICO (Franchise Invested, Company Operated)**: Scales partner network while maintaining quality control. - **FOCO & Mission Foundation**: Plans to launch 12+ new centers with upgraded infrastructure in diverse geographies, targeting tier 2 cities. #### **Market Reach & Customer Segments** - **Students**: 10+2 non-technical youth, engineering students drawn to Web3, and mid-career professionals. - **Recruiters**: Mix of traditional IT firms and new-age Web3 startups, creating diversified hiring pipelines. - **Digital Natives**: Engages Gen Z via mobile apps, social media-integrated CRM, SEO-optimized platforms, and gamified content. --- ### **Financial & Investment Highlights (as of FY25)** - **Bitcoin Treasury**: 15.02 BTC on balance sheet; strategic move to hedge against inflation. - **Other VDA Investments**: Includes Ethereum holdings; disclosed in financial statements since FY22. - **Associate Investment**: Holds **40.73% stake** in **Jetking Technologies Private Limited**, valued at ₹3,916 lakhs—indicating strong integration with tech operations. - **Non-Current Investments**: ₹292.72 lakhs in unquoted investments, forming a key part of long-term portfolio strategy. --- ### **Leadership & Governance** - Following a planned succession, the **long-time founder stepped down** as Chairman and Non-Executive Director in September 2024 due to age and health reasons. - Transition reflects a **structured leadership shift**, ensuring stability as the company embarks on its digital transformation journey. --- ### **Key Risks & Opportunities** #### **Risks** - Macroeconomic headwinds (inflation, reduced discretionary spending on education). - Competition from edtech platforms with lower engagement and subpar outcomes. - Talent diversion toward gig economy jobs over formal skilling. - Cryptocurrency market volatility impacting share price sentiment. #### **Growth Opportunities** - Expansion into **lifelong learning subscriptions** and tier 2/3 education markets. - Scaling **VDA consultancy and enterprise blockchain training**. - Becoming a **global Web3 learning partner** and incubator for blockchain talent. - Leveraging **first-mover advantage** in India’s nascent Bitcoin corporate adoption space.