Pune-based Vinsys Completes the Pre-IPO Round at ~Rs. 200 Crore Valuation
  • Singapore-based NAV Capital Emerging Star Fund and Swiss-based xMultiplied participate in the Pune-headquartered IT services and software services company funding round
  • Other marquee investors include Nova Global Opportunities Fund, Aegis Investment Fund and Sambhavnath Investments, among others
  • In its 25th year of operations, Vinsys has emerged as India’s second-largest corporate training firm and the market leader in Dubai
  • Recently appointed Beeline Capital Advisors as Merchant Bankers for its planned IPO
Vinsys, a global IT and software services and software company headquartered in Pune, successfully closed its pre-IPO round. Marquee investors are led by overseas funds, including NAV Capital Emerging Star Fund and xMultiplied, and domestic players, such as Nova Global Opportunities Fund, Aegis Investment Fund and Sambhavnath Investments. Earlier this month, the company firmed its plans to list on the SME exchange and appointed Beeline Capital Advisors as Merchant Bankers.

NAV Capital Emerging Star Fund (NAVESF), category I Singapore-based FPI, focussed on the SME sector in India. Highlighting his investment rationale for Vinsys, Vineet Arora, Managing Director, NAV Capital Limited, said, “Trained workforce continues to be in demand the world over, and unlike the past, the focus remains on upskilling and updation for corporates and governments alike. Vinsys is attractively poised to tap this global opportunity with its vast array of Training and Certification programs, an unparalleled library of Digital Learning, diversified services, and a celebrated legacy of 25 years in the industry. Backed by strong Management and Promoters, we believe Vinsys is an Indian Multinational in the making with offices spread across the globe. Being an early-stage investor in such quality Indian companies aspiring to dominate the global stage, we at NAV Capital are driven to create a substantial capital appreciation for our investors.” NAV Capital Dubai is Investment Advisor to NAVESF.

xMultiplied is a Swiss-based private investment holding company founded by Nikhil Chawla and Vivek Chandaria, which co-invests with some of the leading family groups in the world from industrial, technology, luxury and entertainment. Commenting on the investment, Nikhil Chawla, Co-founder, xMultiplied, said, “India has evolved from being a back-office to the world to the development centre in the past decade. This transformation has opened a huge untapped potential for corporate training, upskilling, certification and education. What sets Vinsys apart is its diverse business model. The company has also built a successful software development vertical, offering customised solutions to governments and corporates. We at xMultiplied are excited about the opportunity where Vinsys can capitalise on AI-based digitalisation of Indian private and state- owned enterprises. The global expansion agenda of Vinsys is a massive opportunity, and we are thrilled to participate in its story of creating value in the future. At xMultiplied, we take great pride in backing industry-leading management teams with a proven track record of delivery. Our investment in Vinsys' story extends this sustained belief.

Vikrant Patil established Vinsys as a specialised training centre catering to a select group of IT clients. Over time, it evolved into India's second-largest corporate training firm. Vinsys takes pride in its team of over 800 professionals who hold certifications from major tech companies and institutions, including IBM, Oracle, Microsoft, Autodesk, and Cisco. The company offers tailor-made courses for critical sectors such as BFSI, Telecom, and Government departments, where IT and process training are crucial. Leveraging its proven success over two decades and strong relationships with clients and vendors, Vinsys operates in eight countries: the UAE, Oman, Malaysia, Singapore, Nigeria, Kenya, the UK, and the US.

With a track record of training over 1 million professionals worldwide, Vinsys is now focused on doubling its growth through acquisitions, specifically targeting corporate training and digital learning platforms. The company actively seeks inorganic growth opportunities to expand its presence in new markets, including the US and UK, while solidifying its position in the Middle East. As part of its expansion plans, Vinsys aims to open a new corporate office and training centre in Saudi Arabia by the end of the second quarter. For the fiscal year ending on March 31, 2023, Vinsys achieved a revenue of Rs. 157.30 crore and a net profit of Rs. 16.02 crore.


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