Crizac Limited has invested an aggregate amount of approximately ₹1.25 crore in Edument Consultancy Private Limited to acquire a 37.41% stake in the fully diluted share capital of the target company. The strategic investment, executed through the purchase of Compulsory Convertible Preference Shares (CCPS) and Compulsorily Convertible Debentures (CCDs), aims to integrate AI-led student mobility infrastructure and cross-border education financing into Crizac's existing platform. This move strengthens Crizac's ability to support students and counselling partners at critical stages of the study-abroad journey, including destination selection, financing, and visa clearance.

The transaction involves an investment of ₹65,39,439 for 5,444 CCPS with a face value of ₹9,317 each, and ₹59,37,505 for 2,250 CCDs with a face value of ₹10,000 each. The consideration will be paid in cash, potentially in one or more tranches. The definitive agreements stipulate that the acquisition is scheduled for completion by August 12, 2026. This transaction does not constitute a related party transaction, and the promoter group of Crizac holds no interest in Edument Consultancy Private Limited.

Edument Consultancy Private Limited operates as a B2B SaaS platform in the EdTech sector, specifically focusing on study abroad technology. The company provides an AI-powered platform that assists study abroad counselors, coaching institutes, and university partners in managing student admissions, education loan sourcing, and visa readiness. Incorporated on June 18, 2018, the entity serves over 700 counseling partners and 200 university partners across more than five countries.

Financial data for Edument Consultancy Private Limited indicates a turnover of ₹1.13 crore for the financial year 2024-25, down from ₹1.19 crore in the previous year. The company reported a net loss of ₹71.87 lakh for the year ended March 31, 2025. The turnover for the preceding financial years was ₹74.49 lakh in 2022-23 and ₹1.19 crore in 2023-24.

Financial Performance of Edument Consultancy

Crizac Limited reported a 41% year-on-year increase in consolidated net profit to ₹2,191 Mn for the financial year ended March 31, 2026. Revenue from operations for the year grew to ₹10,711 Mn from ₹8,855 Mn in the previous year, driven by a 43% surge in applications processed. The company's EBITDA margin expanded by 172 basis points to 27.1% for FY26, reflecting improved operational efficiency. The board approved the audited results at a meeting held on May 25, 2026.

Consolidated Financial Performance

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹750 Mn, compared to ₹499 Mn in the corresponding period of the previous year. Revenue from operations for the quarter stood at ₹3,986 Mn, up from ₹3,475 Mn in Q4 FY25. Total income for the quarter rose to ₹3,986 Mn. The statutory auditors, M/s. Singhi & Co. Chartered Accountants, issued an unmodified opinion on the financial results.

The table below summarises the key consolidated financial metrics for the quarter and full year:

Operational Highlights

Crizac processed 3.94 lakh applications during FY26, representing a year-on-year growth of 43.0%. The number of active agents grew by 36.5% to 5,389, while enrollments reached 24,697, a 13.8% increase over the previous year. The company added 50+ partner universities and 3 destination countries during the fiscal year. Its global footprint spans 85+ source countries and 11 destination countries, with an operational presence in 10 countries.

Corporate Developments

During the year, the company acquired a 51.04% stake in Global Tree Careers Private Limited and a 51% stake in Studies Planet.com Limited. The board also declared an interim dividend of ₹8.00 per equity share for the financial year ended March 31, 2026. The company filed an investor presentation regarding these results with the exchanges on May 25, 2026. The audited financial results were published in the Financial Express and Arthik Lipi on May 26, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.