Excelsoft Technologies Limited has entered a strategic partnership with AQA Education, the United Kingdom's largest awarding body, to jointly develop a next-generation e-marking platform for high-stakes assessments. The multi-year, multi-million-pound contract aims to modernize digital evaluation by supporting the marking of approximately 12 million student scripts annually involving around 40,000 examiners. This engagement validates Excelsoft's established technology following a rigorous evaluation process and strengthens its presence in the global assessment technology sector.

The partnership will combine Excelsoft's proven e-marking technology with AQA's assessment expertise to create a unified platform. This solution is designed to replace AQA's three incumbent e-marking systems, ensuring the secure and reliable digital evaluation of handwritten examination scripts at scale. The platform will be built upon Excelsoft's existing intellectual property, specifically the Saras platform, tailored to meet AQA's requirements for large-scale operations.

Strategic and Operational Impact

The collaboration is expected to set new benchmarks in digital marking by advancing fairness and consistency for education systems. AQA selected Excelsoft after an extensive technical and strategic assessment that evaluated product capability, scalability, security, and alignment with UK regulatory standards. The platform will play a critical role in supporting one of the world's most trusted qualification systems.

Key Partnership Details

Mr. Doreswamy P, CEO, Excelsoft Technologies, stated that the partnership reflects confidence in the company's technology and operational excellence. He emphasized that the engagement builds technology solutions for complex assessment ecosystems and strengthens Excelsoft's position as a trusted global leader. Mr. Justin Coombs, Chief Assessment Technology Officer at AQA, highlighted the need for digital infrastructure that offers resilience, cyber security, and a performant user experience for examiners.

Beyond supporting AQA's operations, the companies intend to explore opportunities to offer the platform to other awarding bodies and assessment organizations across the UK, Europe, and international markets.

Excelsoft Technologies Limited has reported its audited consolidated financial results for the quarter and financial year ended March 31, 2026. The company posted a net profit of ₹43.38 crore for FY26, a 25% increase from ₹34.70 crore in the previous year, while total income rose 17% year-on-year to ₹291.13 crore. The strong annual performance was underpinned by growth in Educational Technology Services and increasing adoption of assessment platforms, with North America remaining the largest market contributing 64.9% to revenue.

Consolidated Financial Highlights – FY26

The company achieved an EBITDA of ₹73.12 crore, up 0.9% YoY, while Earnings Per Share (EPS) increased to ₹4.12 from ₹3.47 in FY25. Profitability was attributed to scale benefits and disciplined cost management, although EBITDA margins were impacted by higher other expenses driven by the hiring of consultants in the US and UK.

Q4 Consolidated Performance

For the quarter ended March 31, 2026, revenue from operations grew 16.08% YoY to ₹81.16 crore. However, Q4 net profit declined to ₹16.60 crore from ₹20.48 crore in the same period last year. EBIT for the quarter stood at ₹18.47 crore, with an EBIT margin of 22.75%.

Operational & Strategic Highlights

Educational Technology Services contributed 56.4% to the total income for the full year, while Assessment & Proctoring Solutions accounted for 27.3%. The company's workforce stood at 1,109 employees. During the year, Excelsoft finalized a partnership with a leading examination body in the United Kingdom and secured a strategic engagement with a leading online course content provider in the United States, highlighting its AI-led content transformation capabilities.