Key Highlights
- Jetking’s Joint Managing Director and CFO revealed that many Indian corporations are planning to amass BTC as treasury belongings
- The corporate presently owns 21 BTC and is planning to amass 18,000 BTC by 2030.
- Nevertheless, India presently has no clear regulatory framework for the cryptocurrency sector
Siddarth Bharwani, Joint Managing Director and CFO of Jetking Infotrain, revealed {that a} main Indian firm has proven deep curiosity in adopting a Bitcoin technique for its treasury.
🇮🇳 Siddarth Bharwani: A significant Indian public firm is fascinated about shopping for Bitcoin for its treasury 👀 pic.twitter.com/KIqtkwALnc
— Crypto India (@CryptooIndia) September 28, 2025
In an interview, Jetking Infotrain, a 77-year-old title in IT schooling, goes all-in on Bitcoin. The corporate is regularly growing its treasury by buying the world’s most well-known cryptocurrency over conventional money.
Below the management of Siddarth Bharwani, the corporate’s Joint Managing Director, Jetking has established itself as India’s first publicly-listed pioneer of the “Bitcoin Normal.”
Jetking Joins Bandwagon of Bitcoin Treasury Technique
Jetking’s journey into Bitcoin began quietly in December 2024. The corporate made a giant resolution to designate Bitcoin as its main reserve asset.
Merely put, as an alternative of parking all its more money in financial institution accounts or conventional investments, it could convert a good portion into Bitcoin.
To finish this initiative and purchase Bitcoin, Jetking turned to its traders. In April of this yr, the corporate raised ₹6.6 crore (roughly $793,000) by issuing new shares. By July, they permitted a fair bigger fundraiser of ₹11.5 crore ($1.34 million) for a similar function.
Whereas this quantity is relatively small to goliath Bitcoin holding corporations like Technique, the corporate grabbed headlines within the Indian media to start out a wave of Bitcoin treasury in India.
From an preliminary buy of 12 Bitcoin, their holdings have grown. As of latest reviews, the corporate holds 21 Bitcoin, valued at over $2.30 million on the present market worth, in line with BitcoinTreasuries.Web. For an organization with a market worth of round ₹176 crore, this implies over 1 / 4 of its worth is now tied to the risky digital asset.
On his social media profile, Siddharth proudly introduced Jetking’s place as India’s first listed firm to undertake a Bitcoin reserve technique. He additionally desires to carry 210 Bitcoin by the top of 2025 and a large 18,000 Bitcoin by 2030.
Amid the regulatory ambiguity across the cryptocurrency sector in India, the corporate can also be dealing with challenges to develop its reserve. The Bombay Inventory Trade (BSE) just lately raised considerations, rejecting one among Jetking’s proposals to situation new shares particularly for crypto investments. Nevertheless, the corporate is difficult this resolution and has proven a stance to struggle again.
Indian Ruling Social gathering Minister Proposed Bitcoin Reserve
The nation’s ruling social gathering, the BJP, has began a nationwide dialog a couple of potential strategic Bitcoin reserve. A celebration spokesperson just lately pointed to the USA, which, below President Trum,p constructed a multi-billion greenback Bitcoin reserve, and to Bhutan, India’s neighbor, as examples to think about.
Bhutan’s story is especially compelling. The small, carbon-negative kingdom has been utilizing its extra hydropower to mine Bitcoin for years. Its holdings are actually round 11,286 BTC, which is round $1.24 billion, equal to almost 40% of its GDP.
This sum is a big chunk of its total nationwide financial system. This “inexperienced mining” has funded public companies and created jobs, which gives a robust mannequin for different nations.
Indian Firm Acquires Bitcoin Strategic Reserve
A well known Indian firm is betting that Bitcoin is a safer retailer of worth for the long run than the Indian Rupee sitting in a financial institution. They’re impressed by world giants like Michael Saylor’s Technique within the US, which has seen its worth skyrocket after shopping for billions in Bitcoin. Nevertheless, Regulatory roadblocks stay. It has turn into India’s most high-profile check case for company Bitcoin adoption.
India presently has no clear regulatory framework for the cryptocurrency sector. This ambiguity and a stringent 30% tax, 1% TDS, and 18% GST on platform charges create hurdles for public corporations like Jetking buying Bitcoin.
Moreover, the RBI’s cautious stance and the BSE’s rejection of crypto-related listings add compliance dangers. This doubtlessly impacts corporations negatively regardless of rising political assist for strategic Bitcoin reserves.
