<?xml version="1.0" encoding="UTF-8"?>
<xbrli:xbrl xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2022-04-30/in-capmkt" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Changes_In_Management/2022-04-30/in-capmkt/in-capmkt-ent" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-types="https://www.sebi.gov.in/xbrl/2022-04-30/in-capmkt-types" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.w3.org/1999/xlink">
<link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2022-04-30.xsd"/>
<xbrli:context id="ChangeInManagement001D"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">MPSLTD</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-06-16</xbrli:startDate><xbrli:endDate>2025-06-16</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ChangeInManagementAxis"><in-capmkt:ChangeInManagementDomain>ChangeInManagementDomain1</in-capmkt:ChangeInManagementDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context>
<xbrli:context id="ChangeInManagement001I"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">MPSLTD</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-06-16</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ChangeInManagementAxis"><in-capmkt:ChangeInManagementDomain>ChangeInManagementDomain1</in-capmkt:ChangeInManagementDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context>
<xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><xbrli:unit id="INRPerShare"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit>
<in-capmkt:NSESymbol contextRef="OneI">MPSLTD</in-capmkt:NSESymbol>
<in-capmkt:NameOfTheCompany contextRef="OneI">MPS LIMITED</in-capmkt:NameOfTheCompany>
<in-capmkt:ReasonOfChange contextRef="ChangeInManagement001D">Appointment</in-capmkt:ReasonOfChange>
<in-capmkt:Designation contextRef="ChangeInManagement001D">Others</in-capmkt:Designation>
<in-capmkt:NameOfThePersonOrAuditorOrAuditFirmOrRTA contextRef="ChangeInManagement001D">Sreenivas Trichy Venkatraman</in-capmkt:NameOfThePersonOrAuditorOrAuditFirmOrRTA>
<in-capmkt:EffectiveDateOfAppointmentOrResignationOrRemovalOrDisqualificationOrCessationOrVacationOfOfficeDueToStatutoryAuthorityOrderOrAdditionalChargeOrChangeInDesignation contextRef="ChangeInManagement001I">2025-06-16</in-capmkt:EffectiveDateOfAppointmentOrResignationOrRemovalOrDisqualificationOrCessationOrVacationOfOfficeDueToStatutoryAuthorityOrderOrAdditionalChargeOrChangeInDesignation>
<in-capmkt:TermOfAppointment contextRef="ChangeInManagement001D">0</in-capmkt:TermOfAppointment>
<in-capmkt:BriefProfile contextRef="ChangeInManagement001D">Sreenivas is a dynamic business leader with over 25 years of global experience across industries including retail insurance technology media and telecommunications in the USA Canada and India. In his previous role at ITC Infotech he led a high performing business unit with over USD 80 million in annual revenues managing large cross functional teams and driving operational transformation and customer centric innovation.  Earlier Sreenivas spent over fifteen years at Publicis Sapient in India and the USA where he was instrumental in building and scaling the Digital Experience practice. He led strategic client partnerships drove large scale digital transformation engagements and played a key role in talent development and delivery excellence. His extensive experience in P and L management digital delivery and team leadership equips him to navigate complex business environments and deliver scalable outcomes.  At MPS Sreenivas will be responsible for guiding the Companys operational and strategic initiatives to new heights. In this role he will focus on optimizing operational effectiveness across our global network ensuring that our over 3000 professionals are aligned and equipped to deliver innovative solutions that enhance learning experiences. Sreenivas will play a pivotal role in driving MPS growth strategy and helping us achieve Vision 2027. His leadership in leveraging cutting edge technologies will be instrumental in furthering MPS reputation as the leading provider of premium B2B learning and platform solutions.  Sreenivas holds an MBA in Systems and Finance a Bachelor of Engineering BEng in Electronics and Communication Engineering and an Advanced Diploma in Systems Management and Object-Oriented Programming Systems. This strong educational foundation combined with his deep operational expertise enables him to bring a balanced perspective to technology driven business transformation.</in-capmkt:BriefProfile>
<in-capmkt:DisclosureOfRelationshipsBetweenDirectorsInCaseOfAppointmentOfDirector contextRef="ChangeInManagement001D">Not Applicable</in-capmkt:DisclosureOfRelationshipsBetweenDirectorsInCaseOfAppointmentOfDirector>
</xbrli:xbrl>