Manipal Academy of BFSI

What Manipal Academy of BFSI does

Manipal Academy of BFSI (MABFSI), operating under Unext Learning Private Limited within the Manipal Education and Medical Group (MEMG), is a workforce development and professional education company founded in 2008 that trains and places graduates into entry- and mid-level roles across India's banking, financial services, and insurance sector. Originally established as ICICI Manipal Academy and rebranded in 2012, the entity was rebranded again in 2025 as UNext Manipal Academy of BFSI following the formation of the UNext Learning subsidiary. The organization positions itself as India's leading job-ready BFSI skilling academy with a claimed alumni footprint equivalent to 1 in 5 bankers in India and 250,000+ professionals placed cumulatively.

The product portfolio is organized into two streams: (1) Job-Ready Programs — long-duration (typically 12-month) "hire-and-train" programs co-created with named employer partners (HDFC Bank, Axis Bank, IDFC FIRST Bank, Kotak Mahindra Bank, HDFC Life, TATA AIG, Aditya Birla Capital, Equitas Small Finance Bank, and Ujjivan Bank), in which candidates receive provisional offer letters before training, then progress through classroom instruction, online modules, internships, and on-the-job training, with optional Post Graduate Diplomas certified by Manipal Academy of Higher Education (MAHE); and (2) Enterprise Solutions — bespoke corporate training offerings covering leadership development, onboarding, credit programs, MSME banking, forex/trade finance, stressed-asset recovery, audit, compliance, sales excellence, wealth management, and rapid talent development in under 45 days. Delivery infrastructure comprises 8,00,000+ sq ft of campus space across 3+ training facilities (Bengaluru, Mumbai, and additional locations), 5+ physical simulation branches replicating real banking environments, and a supporting digital LMS, supported by 220+ domain-experienced faculty members.

The business model is a hybrid of consumer-paid tuition and B2B enterprise contracts. Individual learners pay program-specific fees covering tuition, materials, and where applicable on-campus boarding/lodging/food, with installment options and third-party education loan financing; certain programs adopt a "Pay After Provisional Offer Letter" structure with earn-while-you-learn stipends during internship/OJT phases. Enterprise clients pay for bespoke workforce solutions delivered directly. Go-to-market combines direct website enrollment, a pan-India channel partner network of recruiters/trainers/campus connectors spanning Tier 1-4 cities, and a sales-led enterprise motion. Marketing leverages owned content (blog, social, YouTube, webinars) plus partner referrals. Ownership rests with MEMG via Unext Learning; no external funding rounds, PE/VC ownership, or public listing are disclosed.

Name

Manipal Academy of BFSI

Legal name

Unext Learning Private Limited

Website

https://manipalbfsi.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Manipal Academy of BFSI, operating under Unext Learning within the Manipal Education and Medical Group, delivers hire-and-train job-ready programs and enterprise training solutions for India's banking, financial services, and insurance sector. The company serves fresh graduates seeking BFSI careers and BFSI institutions seeking workforce upskilling, with co-branded partnerships spanning 50+ employers.

Ownership category

akta.pro rank

Product category

BFSI Workforce Training

NAICS

Professional and Management Development Training (61143), Other Technical and Trade Schools (611519)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Portfolio, Capstone & Project-Based Program Support (EDAMAKAD)

Keywords

• BFSI training programs
• Workforce development
• Professional certification
• Banking education
• Financial services training

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Training Program Fees: Program-specific fees covering tuition, training materials, and where applicable, boarding, lodging, and food during campus programs. Fees are collected according to payment schedules, with installment options available.
2. Enterprise Solutions: Corporate training and upskilling solutions for BFSI institutions including leadership programs, onboarding training, functional training, domain-specific training, and talent fulfillment solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Manipal Academy of BFSI (MABFSI) is a workforce development and professional education company offering job-ready BFSI training programs. It operates a 'hire-and-train' model where programs are co-created with leading banks, insurance companies, and NBFCs, providing learners with provisional offer letters before training, blended classroom and online learning, simulation-based practice, internships, on-the-job training, and placement assurance. It also delivers enterprise training solutions (leadership, onboarding, functional, domain-specific, and talent fulfillment) to BFSI institutions.

Product overview

Manipal Academy of BFSI (MABFSI), operating entity of Unext Learning Private Limited and part of the Manipal Education and Medical Group, is a workforce development and professional education company offering job-ready BFSI (Banking, Financial Services, and Insurance) training programs. The portfolio consists of two main categories: (1) Job-Ready Programs – hire-and-train programs co-created with leading BFSI organisations (banks like HDFC Bank, Axis Bank, IDFC FIRST Bank, Kotak Mahindra Bank, Equitas Small Finance Bank, Ujjivan Bank; and insurers like HDFC Life, Aditya Birla Capital, TATA AIG) that provide provisional offer letters before training, classroom/virtual learning, simulations, internships, on-the-job training, and placement assurance; and (2) Enterprise Solutions – bespoke corporate training solutions for BFSI institutions covering leadership development, onboarding, functional training, domain-specific training, and talent fulfillment solutions (including credit programs, MSME banking, trade finance, retail assets, wealth management, audit, compliance, sales excellence, and more). Some programs offer Post Graduate Diplomas certified by Manipal Academy of Higher Education (MAHE).

Differentiator

Problem solved

Functional benefit

Brands

• UNext Learning: A workforce development and professional education entity under which Manipal Academy of BFSI operates.

Products and services

• HDFC Bank Future Bankers 2.0 Program
• Axis Bank Young Bankers Program A 1-year program that trains graduates for Branch Relationship Officer (Assistant Manager) roles at Axis Bank, providing exposure to branch operations, compliance, reporting, and customer handling. 16,000+ learners placed.
• IDFC FIRST Bank Emerging Bankers Program A 1-year program preparing graduates for Acquisition Relationship Manager roles at IDFC FIRST Bank, focusing on customer acquisition and portfolio expansion. 120+ learners placed.
• Kotak NextGen Bankers Program A program training graduates for Relationship Manager roles at Kotak Mahindra Bank, focused on sales and business development skills. 500+ learners placed, 1-year duration.
• Axis Bank Retail Lending Program A 1-year program training graduates for Assistant Manager roles in retail lending at Axis Bank.
• Kotak Accelerate Operations Programme A 3-month program training graduates for Customer Service Officer roles at Kotak Mahindra Bank.
• Equitas Small Finance Bank BDO Program A 2-week intensive program training graduates for Business Development Officer roles at Equitas Small Finance Bank.
• Axis Bank Operations Program A program training graduates for Branch Operations Officer roles at Axis Bank, with over 400 learners placed.
• USPARK – Ujjivan Bankers Programme A program in partnership with Ujjivan Small Finance Bank for training bankers in small finance banking operations.
• HDFC Life Smart Achievers Program A program training graduates for Sales Manager roles at HDFC Life Insurance, with 6,000+ learners trained through blended learning combining classroom instruction, internships, and field experience. 1-year duration.
• Aditya Birla Capital Finishing School Program A 7-month program training graduates for multiple roles at Aditya Birla Capital, with 500+ learners hired.
• TATA AIG Young Achievers Program A 5.5-month program training graduates for Channel Sales Manager roles at TATA AIG, with 200+ learners placed.
• Enterprise Solutions – Strategic Talent Pipeline A 12-month comprehensive development program for BFSI institutions to build skilled talent pipelines, encompassing classroom learning, internships, and on-the-job training, with 70,000+ learners placed and trained.
• Enterprise Solutions – Rapid Talent Development Accelerated training program for immediate talent gaps, providing focused and in-demand skills in under 45 days, with 5,000+ learners placed and trained.
• Enterprise Solutions – Onboarding & Induction Training Accelerated training program for new hires across all roles, with 31,000+ employees onboarded, featuring bespoke program solutions.
• Enterprise Solutions – Credit Programs Comprehensive training in credit analysis, risk management, and lending practices for credit professionals, with 5,000+ learners trained.
• Enterprise Solutions – Leadership Development Program Strategic thinking, change management, and global leadership development program with immersive experiences in international campuses for CEOs, CFOs, CTOs, CXOs, SVPs, and VPs, with 500+ learners trained.
• Enterprise Solutions – MSME Banking Program Expertise development in MSME loan products, credit assessment, and financing solutions for Credit Officers, Branch Managers, and Relationship Managers, with 200+ batches trained.
• Enterprise Solutions – Sales Excellence Program Expertise development in sales strategies, lead generation, and closing techniques, with 8,000+ learners trained.
• Enterprise Solutions – Wealth Management Program Training in investment strategies, portfolio management, and client relationship management for high-net-worth individuals for Wealth Managers, with 1,000+ learners trained.
• Enterprise Solutions – Forex and Trade Finance Program Training in foreign exchange transactions, international trade, and cross-border finance for Treasury, Trade Finance, International Banking, Credit, and Operations roles, with 50+ batches trained.
• Enterprise Solutions – Stressed Assets & Recovery Management Training in early identification, risk assessment, and mitigation strategies for stressed assets, for Credit Officers, Credit Managers, Loan Officers, with 150+ batches trained.
• Enterprise Solutions – Branch Manager Program Training in strategic leadership, sales management, and customer relationship development for Assistant Branch Managers, Branch Managers & Sr. Branch Managers.
• Enterprise Solutions – First-Time Branch Manager Program Foundational training in branch operations, team leadership, and customer relationship management for Assistant Branch Managers & Branch Managers, with 2,500+ learners trained.
• Enterprise Solutions – Relationship Manager Program Training in consultative selling, portfolio management, and client relationship management for Assistant Relationship Managers, Relationship Managers & Sr. Relationship Managers.
• Enterprise Solutions – Customer Service Programs Training in delivering exceptional service, building customer loyalty, and exceeding expectations for Branch Managers, Relationship Managers, and Branch Operations, with 12,000+ learners trained.
• Enterprise Solutions – Business Development Programs Training in identifying and developing partnerships, alliances, and new business opportunities for Sales Officers, Relationship Managers, and Business Development Executives, with 11,000+ learners trained.
• Enterprise Solutions – Process & Compliance Program Training in process improvement, compliance frameworks, and risk management for Branch Managers, Operations, and Compliance roles, with 9,000+ learners trained.
• Enterprise Solutions – Audit Programs Training in risk assessment, internal controls, and compliance procedures for Audit Managers, Auditors, and Compliance Teams, with 7,000+ learners trained.
• Enterprise Solutions – Wholesale Banking Operations Training in trade finance, cash management, correspondent banking, and operational efficiency for Branch Operations Managers and Risk & Compliance Managers.
• Enterprise Solutions – Agribusiness Program Expertise in agricultural loan products, credit assessment, and risk management for agricultural sector institutions.
• Enterprise Solutions – Pre-Promotion Training Program Focused training for First Time Managers, Sr. Managers & AVPs preparing for advancement, with 3,000+ learners trained.
• Enterprise Solutions – Promoted Officers Program Training for newly promoted Managers, Sr. Managers & AVPs, with 80+ batches trained.
• Enterprise Solutions – Management Trainee Program Comprehensive development program for Fresh Graduates & Management Trainees through real-world projects, mentorship, and targeted training, with 2,000+ batches trained.
• Channel Partner Program A program enabling recruiters, trainers, and campus connectors to introduce candidates to MABFSI's job-ready programs, with benefits including guaranteed outcomes, attractive compensation, and exclusive community access.

Quantifiable outcome

• 2,50,000+ professionals trained and placed in BFSI sector
• +3 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Twelve partnerships are on record, tiered core and supporting.

• HDFC BankcoreStrategic or Co-development Partner · 1 January 2008Flagship co-branded job-assured programs including HDFC Bank Future Bankers 2.0 (Personal Banker role) and HDFC Life Smart Achievers Program (Sales Manager role). Programs include classroom training, internships, and on-the-job training with provisional offer letters before training begins.
• Axis BankcoreStrategic or Co-development Partner · 1 January 2008Co-branded programs including Axis Bank Young Bankers Program (Branch Relationship Officer/Assistant Manager), Axis Bank Retail Lending Program (Assistant Manager), and Axis Bank Operations Program (Branch Operations Officer). 16,000+ learners placed through Axis Bank programs.
• IDFC FIRST BankcoreStrategic or Co-development Partner · 1 January 2008IDFC FIRST Emerging Bankers Program (Acquisition Relationship Manager) and IDFC FIRST Bank Elevate Program. 120+ learners placed through the Emerging Bankers program.
• Kotak Mahindra BankcoreStrategic or Co-development Partner · 1 January 2008Kotak NextGen Bankers Program (Relationship Manager) and Kotak Accelerate Operations Programme (Customer Service Officer). 500+ learners placed.
• HDFC LifecoreStrategic or Co-development Partner · 1 January 2008HDFC Life Smart Achievers Program preparing learners for Sales Manager roles in life insurance with 6,000+ learners trained.
• TATA AIGcoreStrategic or Co-development Partner · 1 January 2008TATA AIG Young Achievers Program for Channel Sales Manager roles in general insurance with 200+ learners placed.
• Aditya Birla CapitalcoreStrategic or Co-development Partner · 1 January 2008Aditya Birla Capital Finishing School Program for multiple roles in financial services with 500+ learners hiring.
• Equitas Small Finance BankcoreStrategic or Co-development Partner · 1 January 2008Equitas Small Finance Bank Ignite Program (BDO) - Business Development Officer role with 2-week intensive program.
• Ujjivan BankcoreStrategic or Co-development Partner · 1 January 2008USPARK - Ujjivan Bankers Programme for entry into small finance banking.
• Manipal Academy of Higher Education (MAHE)coreStrategic or Co-development Partner · 1 January 2008Academic certification partner providing Post Graduate Diplomas and certifications for job-assured programs, enhancing academic validity and credibility.
• 50+ BFSI OrganizationscoreStrategic or Co-development Partner · 1 January 2008Partnerships with over 50 leading banks, insurance companies, and NBFCs including SBI, ICICI Bank, Bank of Baroda, and others for job-assured programs and enterprise solutions.
• Banks and NBFCs (Education Loans)supportingChannel Partner/ Reseller/ Distributor · 1 January 2008Tie-ups with banks and NBFCs to provide easy education loan facilities for program fee financing.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• NIIT: NIIT is a leading Indian vocational training and skills development company offering programs across IT, banking, and business skills with global enterprise customers. Comparable as a direct competitor in vocational education with overlapping BFSI training and corporate learning offerings.
• Great Learning: Great Learning is an Indian professional education platform offering programs in data, technology, and business with strong enterprise partnerships and placement focus. Comparable in professional upskilling model, B2B enterprise training, and university-anchored credentials.
• Imarticus Learning: Imarticus Learning is an Indian professional education provider focused on finance, analytics, and technology training with strong industry partnerships. Directly comparable as a BFSI and finance-focused training competitor in India with a similar placement-driven, employer-partnered model.
• TimesPro: TimesPro is the education and skilling arm of the Times Group offering professional courses, certifications, and job-ready programs across BFSI, technology, and management. Directly competes with MABFSI in BFSI training, certifications, and placement services in India with similar enterprise-corporate model.

Broad incumbents

• Simplilearn: Simplilearn is a global digital education company offering professional certification training across technology, business, and finance. Comparable as a broader professional training incumbent with overlapping B2B enterprise offerings, but a digital-first delivery model vs. MABFSI's physical campus infrastructure.
• upGrad: upGrad is an online higher education platform offering professional certificates, diplomas, and degree programs in partnership with universities. Comparable in delivering job-ready professional education with strong enterprise partnerships, though broader in scope across multiple verticals beyond BFSI.

Emerging players

• NSE Academy: NSE Academy is the training and education arm of the National Stock Exchange of India offering financial market and BFSI certifications. Comparable as a BFSI-specific training provider with strong institutional backing and capital markets specialization.
• TalentSprint: TalentSprint is an Indian edtech company offering professional certification programs in technology and finance with deep BFSI enterprise partnerships. Comparable in professional education with BFSI enterprise focus and industry-co-created curriculum model.

Regional players

• Praxis Business School: Praxis is an Indian business school offering BFSI, analytics, and data science programs with job placement support. Comparable as a BFSI and analytics training provider with placement focus, though smaller in scale and more degree-oriented than MABFSI.
• IIBF (Indian Institute of Banking & Finance): IIBF is an Indian banking industry body providing certifications and training for the BFSI sector. Comparable as a BFSI training and certification provider with deep industry connections, but primarily credentialing-focused rather than job-placement-driven like MABFSI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/manipal_bfsi
• YouTubeyoutube.com/c/ManipalAcademyofBFSI
• Facebookfacebook.com/manipal.bfsi
• LinkedInlinkedin.com/company/manipal-bfsi
• Instagraminstagram.com/manipal.bfsi

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Manipal Academy of BFSI