XED secures NSE IX nod for Gift city IPO

XED, a globally integrated executive education enterprise, has received in-principle approval from NSE International Exchange (NSE IX) for its proposed initial public offering of $12 million at GIFT City, marking a significant milestone in the company’s journey toward becoming one of the first Indian enterprises to list under India’s international financial services framework.

This development represents the second key regulatory milestone following the submission of the Draft Red Herring Prospectus (DRHP) and moves XED closer to its proposed public listing at GIFT City — India’s International Financial Services Centre regulated by the International Financial Services Centres Authority (IFSCA).

“The in-principle approval from NSE IX is an important validation of the institutional foundation we have built over the years,” said John Kallelil, Founder and Managing Director, XED.

“As we progress toward becoming a publicly listed company, our focus remains on governance, transparency, and long-term value creation. GIFT City provides a framework that aligns well with our global footprint and our aspiration to operate to international standards.”

XED’s Strategic Fit with the GIFT City Framework

XED’s decision to pursue a GIFT City listing aligns closely with the company’s global operating model and long-term institutional vision. Over the past decade, XED has built a leadership and executive education ecosystem serving senior professionals across 25+ countries, with operational presence spanning India, the Middle East, Southeast Asia, and North America.

The company collaborates with some of the world’s most respected academic institutions, including the Saïd Business School, University of Oxford, Cornell University, University of Michigan Ross School of Business, University of Virginia Darden School of Business, Indian School of Business (ISB), and Carnegie Mellon University, among others.

Rather than following the rapid-scale approach traditionally associated with the education technology sector, XED has pursued a measured, governance-led growth strategy, prioritising institutional credibility, global relevance, and long-term sustainability.