FinX Acquires BSE Institute in Bold AI Skilling Push

For INR 16.9 Cr (about $2 Mn), the skilling startup FinX, which focuses on financial services, has purchased a 100% share in the Bombay Stock Exchange's training division, BSE Institute.

According to a statement from FinX, the acquisition would allow the company to increase the number of training programmes it offers in cutting-edge technological fields like IT, data science, cybersecurity, and artificial intelligence. FinX will be able to significantly grow its clientele, training facilities, and product line thanks to the agreement.

 Himanshu Vyapak, cofounder and CEO of FinX, commented on the acquisition, saying that with this expanded product line, FinX will offer a full range of programmes to meet the changing demands of the technology and financial services industries, providing state-of-the-art training options for the workforce of the future.

To increase its scale, FinX intends to use the physical training facilities of the BSE Institute in Mumbai, Delhi, and Kolkata, he told a media outlet.

FinX Carving Future of India’s Financial Sector

FinX, which Vyapak founded in 2019, offers workshops and certification programmes to prepare students for careers in the banking, financial services, and insurance (BFSI) sector. Additionally, the startup asserts that it places the trained pupils.

 So far, the Mumbai-based business has collaborated with over 400 Indian institutions and universities to deliver its courses. Interestingly, this is not the first acquisition of the upskilling platform. The Centre for Investment Education and Learning (CIEL), which has been providing corporate training in the BFSI industry for more than 17 years, was purchased by FinX in 2019.

The most recent acquisition was made just months after FinX raised $6 million from impact investment firm Elevar Equity in December 2024 as part of its seed funding round. The business stated at the time that it will use the recently obtained capital to pursue strategic acquisitions in the technology training and BFSI sectors.

Young Indian Honing Tech Skills to be the Prime Workforce of Country’s Tech Sector

More and more Indian programmers are looking to the cutting-edge technology as AI takes the world by storm in an effort to further their careers, get well-paying positions, and differentiate themselves from their colleagues.

 Aware of this, the Centre has started a number of programmes to close the knowledge gap between school and work and equip the nation's young people for the jobs of the future.

In her Budget 2024–25 speech, Finance Minister Nirmala Sitharaman unveiled a new plan to renovate 1,000 Industrial Training Institutes (ITIs) and teach 20 lakh youth over five years. With an investment of INR 8,800 Cr, the Union Cabinet earlier this year approved the continuation and reorganisation of the "Skill India Programme" through 2026.

As part of this, the Centre said that the Jan Shikshan Sansthan (JSS) Scheme, the Pradhan Mantri Kaushal Vikas Yojana 4.0 (PMKVY 4.0), and the Pradhan Mantri National Apprenticeship Promotion Scheme (PM-NAPS) will all be incorporated into the Skill India Programme.

According to government data, PMKVY 4.0 has so far trained 19,774 people in a variety of artificial intelligence (AI) courses. In addition, there are a number of businesses that are attracting a lot of interest from investors and aiming to upskill working people and students.

For example, Emversity, an edtech business founded by former Unacademy COO Vivek Sinha, recently secured $5 million in its pre-Series A investment to provide healthcare students with skill-based certificate and degree programmes.