Mumbai-based skilling platform FinX has acquired the BSE Institute, the educational arm of the Bombay Stock Exchange, in an all-cash deal valued at ₹16.9 crore. This acquisition aims to bolster FinX’s capabilities in delivering training programs in emerging technologies such as artificial intelligence, data science, cybersecurity, and information technology.

Established in 2019, FinX specializes in providing certification courses and workshops designed to upskill students for careers in the banking, financial services, and insurance (BFSI) sector. The company collaborates with over 400 colleges and universities across India and claims to have trained more than 40,000 students to date.

With the acquisition of the BSE Institute, FinX plans to leverage the institute’s physical infrastructure in Mumbai, Delhi, and Kolkata to enhance its training delivery. This move is expected to expand FinX’s client relationships, training infrastructure, and product portfolio, enabling the company to offer a comprehensive suite of programs that address the evolving needs of both the financial services and technology sectors. This acquisition follows FinX’s previous purchase of the Centre for Investment Education and Learning (CIEL) in 2019, which has been offering corporate training in the BFSI space for over 17 years. These strategic moves underscore FinX’s dedication to expanding its reach and impact in the skilling and training landscape of India.

The acquisition aligns with FinX’s broader strategy to bridge the gap between formal education and industry-specific skills, particularly within the BFSI and IT sectors. By integrating the resources and expertise of the BSE Institute, FinX aims to enhance its offerings and better prepare students for the demands of the modern workforce.