FinX, a financial services-focused skilling company, has acquired the Bombay Stock Exchange (BSE) Institute for ₹16.9 crores.
The all-cash deal is aimed at enhancing FinX’s training offerings in fields like artificial intelligence, cybersecurity, data science, and information technology.
“With this enhanced product portfolio, FinX will provide a comprehensive suite of programs to address the evolving needs of both financial services and technology sectors,” said Himanshu Vyapak, cofounder and CEO of FinX. “We aim to offer cutting-edge training solutions for the next-generation workforce.”
With BSE Institute’s training centres in cities like Mumbai, Delhi, and Kolkata, Finx hopes to expand its learning operations even further. The company had previously acquired the Centre for Investment Education and Learning (CIEL) in 2019, and the latest acquisition of BSE Institute is another step in FinX’s aim to expand at a rapid pace through acquisitions.
Based in Mumbai, FinX was established in 2019 and offers a variety of certification programs and workshops, primarily aimed at the banking, financial services, and insurance (BFSI) sector. The company is tied up with over 100 colleges, partnered with more than 50 placement partners, hosts over 1000 trainers, and has had more than 15,000 students.