TechFlow News, February 23: According to FinanceFeeds, Siddarth Bharwani, Joint Managing Director and CFO of Indian IT vocational training company Jetking Infotrain, stated at the “Corporate Bitcoin” event held in Las Vegas on February 22 that the company is firmly advancing its Bitcoin-native strategy.
Jetking launched its Bitcoin reserve program at the end of 2024, becoming the first publicly listed Indian company to designate Bitcoin as a primary reserve asset. It currently holds 21 BTC—valued at approximately $1.4 million—representing over one-quarter of its total market capitalization. Bharwani explained that this move aims to hedge against the long-term depreciation risk of the Indian rupee and follows Michael Saylor’s approach and Strategy as a strategic blueprint. The company’s goal is to accumulate 210 BTC by the end of 2026 and expand its holdings to 18,000 BTC by 2030.
On the regulatory front, the Bombay Stock Exchange (BSE) recently rejected Jetking’s proposal to issue new shares for cryptocurrency investment purposes, citing the absence of a clear regulatory framework. However, Bharwani stated that the company is actively responding and views current regulatory hurdles as a “regulatory arbitrage opportunity” for early entrants.
Beyond balance-sheet management, Jetking has integrated Bitcoin and blockchain education into its vocational training curriculum. Its network of over 100 training centers trains 35,000 students annually, aiming to build a “Bitcoin learning ecosystem.” Bharwani noted that as India’s ruling party begins discussing a potential national Bitcoin strategic reserve, Jetking’s pioneering efforts may serve as a reference for the broader Asia-Pacific region.
