Crizac Ltd

Crizac Limited said the proposed acquisition of Compulsory Convertible Preference shares and Compulsory Convertible Debentures of Edument Consultancy Private Limited is expected to be completed by October 12, 2026, an extension of approximately two months from previously disclosed timelines, with no changes to the underlying transaction or consideration.

Crizac Limited announced its Q1 FY27 results today, reporting total income of Rs 2,084 million, a 4.0% decline year-over-year, and a profit after tax of Rs 471 million, up 2.9% year-over-year. The company, which connects counseling partners with higher education institutions, made a strategic investment in ForeignAdmits and acquired 100% of Inova Consultancy Limited during the quarter, expanding its reach into education financing, visa preparation, and the UK, Europe, Mexico, and the Netherlands.

Crizac Limited announced changes to its senior management, effective August 3, 2026. Sibendu Roy ceased to be Chief Technology Officer and Senior Management Personnel, while Rituparno Sarkar was appointed to the role. Nikhil Jain was appointed as Chief Product and Marketing Officer, and Dishant Kharbanda as Chief Innovation Officer. Additionally, Ms. Anindita Das will no longer be recognized as a Senior Management Personnel, although she will continue in her role as Chief Business Officer.

Crizac Limited announced that Christopher Flood Nagle has resigned as Chief Executive Officer of its material subsidiary, Crizac Ltd (UK), effective August 2, 2026, while remaining a director of the company. Nagle will transition to Crizac Limited, the holding company, to serve as Additional Non-Executive Director and Chairman of the Board, effective August 3, 2026, and August 4, 2026, respectively, citing increasing commitments to his family business as the reason for stepping down from the executive position.

Crizac announced that it has entered into an agreement via its wholly owned Subsidiary Crizac to acquire 100% of the shareholding of Inova Consultancy (Inova Education), a move that expands its presence in Mexico. The acquisition strengthens Crizac's university partnerships across the UK and Europe and marks the company's entry into the Netherlands as a new European destination market, reinforcing its ambition to build one of the world's leading international education platforms. As part of the acquisition, Crizac will acquire the business of Inova Consultancy, including its recruitment platform, university partnership portfolio, commercial contracts, operational processes, business infrastructure and associated goodwill. Inova will continue to operate independently under Crizac's ownership. Eric Wijmenga, Founder of Inova Education, will join Crizac as Regional Director, UK and Europe, where he will lead Crizac's UK and Europe recruitment strategies, strengthen university partnerships, support business development, and drive regional growth initiatives. Inova Education has a long-standing presence in student recruitment, university partnerships, and international education marketing in Mexico. Over the years, the company has built strong relationships with universities across the UK and the Netherlands, with established operations across Mexico and Europe. Its leadership brings more than 25 years of combined experience in international education and university partnerships, positioning the combined business to accelerate student recruitment from Mexico while building new pathways into the Netherlands and across Europe. The acquisition is closely aligned with Crizac's long-term strategy of expanding its footprint in high-growth international education markets. Combined with Inova's established presence in Mexico, the transaction positions Crizac to grow student mobility into the Netherlands and across Europe, and between Europe and its other international markets, as the company works toward its ambition of becoming a leading platform connecting Mexico with the UK, the Netherlands and wider European higher education.

Under the collaboration, Crizac will integrate ETS' official TOEFL and GRE preparation resources into its study abroad counselling network. The initiative aims to help students prepare for admissions to universities worldwide through authorised learning materials and expert guidance. Crizac said the partnership will leverage its network of more than 14,000 recruitment and counselling partners across 85 countries, relationships with over 500 universities in 14 countries, and support for around 4 lakh student applications annually. The collaboration is expected to expand access to trusted test preparation support for at least 100,000 students each year. The company said the tie-up comes amid rising demand for overseas education and official admissions support, particularly from students in Tier II and Tier III cities. ETS also plans to expand its network of authorised TOEFL and GRE test centres in India from more than 65 to 100 over the next year and establish a third authorised test centre in Kolkata in collaboration with Crizac in 2027. Crizac is a technology-driven B2B platform for international student recruitment. Headquartered in India with a UK-registered entity, the company connects a network of over 14,000 education consultants across 85+ countries with 500+ higher education institutions in key study destinations including the UK, US, Canada, Ireland, Australia, New Zealand, Europe and the UAE. Its platform helps universities expand their global reach while enabling recruitment partners to streamline student admissions through technology-driven solutions. On a consolidated basis, Crizac's net profit rose 50.26% to Rs 75.04 crore while net sales rose 15.02% to Rs 391.73 crore in Q4 March 2026 over Q4 March 2025. Powered by Capital Market - Live

ETS, the organisation behind the globally recognised TOEFL' and GRE' tests, has announced a strategic partnership with Crizac to expand access to authorised TOEFL' and GRE' preparation resources for more than one lakh study abroad aspirants across India. By bringing together ETS' globally trusted expertise in educational assessment and Crizac's extensive student network, the collaboration aims to make official preparation resources more accessible, enabling students to prepare with greater confidence for admissions to universities across leading global study destinations. Through Crizac's study abroad network, aspiring students will gain access to official TOEFL' and GRE' preparation resources designed to help them prepare more effectively for university admissions. The initiative combines ETS' globally recognised assessment expertise with Crizac's personalised counselling support, making high-quality preparation more accessible while helping students navigate a critical stage of their international education journey. Leveraging Crizac's extensive global ecosystem of more than 14,000+ student recruitment partners recruiting students from 85+ countries, relationships with over 500+ universities in 14+ countries, and support for approximately 4,00,000 student applications annually, the collaboration is well positioned to significantly expand access to official ETS preparation resources for Indian students pursuing higher education abroad. As part of its continued investment in India, ETS plans to expand its network of official TOEFL' and GRE' test centres from more than 65 today to 100 over the next year, strengthening access to its globally recognised assessments nationwide. Complementing this expansion, ETS will further strengthen its presence in Eastern India, where it currently operates two authorised test centres in Kolkata and plans to establish a third centre in collaboration with Crizac in 2027.

Crizac announced a strategic investment in Edument Consultancy, the operator of ForeignAdmits, an Al-first student mobility platform that has served over 100,000 students and facilitated more than 1,500 crore in education loans. The investment, structured through Compulsorily Convertible Debentures (CCDs) and Compulsorily Convertible Preference Shares (CCPS), marks a significant milestone in Crizac's ongoing evolution as a technology-led, full-stack student mobility platform, extending its reach into Al-powered financing and visa solutions that serve students at every stage of their journey. With this investment, Crizac strengthens its ability to support students and counselling partners at the most consequential stages of the study-abroad journey: choosing a destination, securing financing, and clearing the visa, each powered by Al-enabled technology that delivers speed, accuracy, and scale. ForeignAdmits will continue to operate as an independent entity under its existing brand and management, preserving the organisational agility and student-first culture that underpins its growth.

Crizac has entered into definitive agreements to invest an aggregate amount of approximately Rs. 1,24,76,944/- in Edument Consultancy by way of acquisition of Compulsory Convertible Preference Shares (CCPS) and Compulsorily Convertible Debentures (CCD) from the existing investors, in one or more tranches, subject to terms and conditions contained in the definitive agreements. Edument Consultancy is engaged in building and operating an AI-powered B2B platform that enables study abroad counselors, coaching institutes, and university partners to manage student admissions, education loan sourcing, visa readiness, for students seeking higher education overseas. It provides technology products, workflow automation tools, and allied services through a SaaS-based e-platform, serving 700+ counseling partners and 200+ university partners across 5+ countries, and has facilitated access to global education opportunities for over 100,000 students across India.

Net profit of Crizac rose 50.26% to Rs 75.04 crore in the quarter ended March 2026 as against Rs 49.94 crore during the previous quarter ended March 2025. Sales rose 15.02% to Rs 391.73 crore in the quarter ended March 2026 as against Rs 340.59 crore during the previous quarter ended March 2025. For the full year,net profit rose 41.39% to Rs 219.14 crore in the year ended March 2026 as against Rs 154.99 crore during the previous year ended March 2025. Sales rose 22.68% to Rs 1042.16 crore in the year ended March 2026 as against Rs 849.49 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales391.73340.59 15 1042.16849.49 23 OPM %24.3119.03 -27.4125.30 - PBDT101.9973.44 39 314.58250.85 25 PBT92.9162.08 50 287.22205.19 40 NP75.0449.94 50 219.14154.99 41 Powered by Capital Market - Live