Crizac Limited has expanded its international operations through its wholly owned subsidiary, Crizac Ltd, which acquired 100% equity share capital of Inova Consultancy Limited. The acquisition, valued at £742,378, is designed to increase the company's footprint in Mexico and facilitate entry into the Netherlands market. This strategic move allows the education services provider to diversify its geographic presence beyond its existing operations.

The transaction was disclosed on July 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Company Secretary Kashish Arora confirmed that the acquisition does not constitute a related party transaction, with no interest held by the promoter group or group companies in Inova Consultancy Limited.

Crizac Ltd, incorporated under the Companies Act, 2006, holds its registered office in London. It acquired all 10 ordinary shares of Inova Consultancy Limited, a company incorporated under the Companies Act, 1985, with its registered office in Sheffield, United Kingdom. The consideration was paid in cash, structured in one or more tranches.

Inova Consultancy Limited operates in the international education, marketing, and student recruitment consultancy sector. Established on August 19, 2004, the target entity has maintained a presence in the United Kingdom. The acquisition provides Crizac Limited with established infrastructure in student recruitment and marketing services.

Financial Profile of Inova Consultancy Limited

The target entity reported consistent turnover over the last three financial years. The revenue figures indicate a recovery in FY25-26 after a dip in FY24-25.

The indicative time period for the completion of the acquisition is October 15, 2026. No governmental or regulatory approvals are required for this transaction. The acquisition aligns with the company's strategy to broaden its service offerings in international education consultancy.

Crizac Limited has partnered with ETS India to expand access to authorised TOEFL and GRE preparation resources for more than one lakh study abroad aspirants across India. The strategic collaboration, announced on July 13, 2026, combines ETS's globally recognised assessment expertise with Crizac's extensive student network to improve access to official preparation resources for students pursuing higher education abroad. This partnership addresses the growing demand for credible admissions support as the number of Indian students pursuing overseas education continues to rise beyond metropolitan centres.

The collaboration leverages Crizac's technology-enabled recruitment ecosystem, which includes over 14,000 student recruitment partners in 85 countries and relationships with more than 500 universities in 14 countries. By embedding official ETS preparation resources across this network, the initiative aims to strengthen the quality of student guidance and support approximately 4,00,000 student applications annually. The partnership is designed to help students prepare more effectively for university admissions by providing trusted learning materials alongside expert counselling.

Strategic Impact and Expansion

The partnership reflects a structural shift in India's international education ecosystem, particularly in Tier II and Tier III cities where demand for trusted counselling and official preparation resources is growing rapidly. The TOEFL iBT test is accepted at more than 13,000 institutions across over 160 countries. By integrating these resources into Crizac's platform, the collaboration seeks to broaden access to high-quality preparation and a wider range of global education opportunities for Indian students.

As part of its investment in India, ETS plans to expand its network of official test centres from more than 65 to 100 over the next year. Additionally, ETS will strengthen its presence in Eastern India by establishing a third authorised test centre in Kolkata in 2027 in collaboration with Crizac, complementing the two existing centres in the city.

Key Partnership Metrics

Executive Commentary

"India continues to be one of the world's most dynamic study abroad markets, and students today are making more informed, purpose-driven choices about their international education. Through our partnership with Crizac, we are extending that commitment to more students across India by making authorised TOEFL and GRE preparation resources more accessible," said Karan Lalit, Executive Director, South Asia, TOEFL & GRE, ETS.

"At Crizac, we believe talent should never be limited by access. Our partnership with ETS brings authorised TOEFL and GRE preparation resources to Indian students, backed by a shared commitment to scholarships and financial support for those who need it most. Nearly a lakh students stand to benefit – and for us, that's a lakh stories of ambition we get to support," said Dr. Vikash Agarwal, Chairman & Managing Director, Crizac Limited.