Crizac Limited, a listed student recruitment platform, has announced a strategic investment in AI-powered student mobility startup ForeignAdmits. Through this deal, Crizac will acquire a 37.41% stake in Edument Consultancy Private Limited, the parent company of ForeignAdmits, for around ₹1.25 crore.
The transaction is expected to be completed by August 12, 2026. With this investment, Crizac aims to strengthen its technology capabilities and expand its services beyond student recruitment. The company plans to support students throughout their entire study-abroad journey, from choosing a university to securing education loans and preparing for visa interviews.
The acquisition is an independent corporate transaction and does not involve any related parties, as Crizac’s promoter group has no existing stake in Edument.
As the demand for overseas education continues to grow, the deal highlights Crizac’s efforts to build a stronger presence in the student mobility sector.
Crizac Gains Access to AI-Powered Tools
Under the agreement, Crizac will invest ₹65.39 lakh in 5,444 Compulsorily Convertible Preference Shares (CCPS) and ₹59.37 lakh in 2,250 Compulsorily Convertible Debentures (CCDs) issued by Edument Consultancy.
ForeignAdmits is known for using artificial intelligence to help students who want to study abroad. The platform has supported more than 100,000 students across 15 countries and works with over 800 partner consultancies.
One of the biggest benefits of the acquisition is access to ForeignAdmits’ technology products, LoanMonk and VisaMonk.
LoanMonk helps students check their education loan eligibility before they apply to universities. The platform has completed over 80,000 loan assessments through partnerships with more than 17 lenders.
VisaMonk is an AI-based visa interview preparation tool that has been used by more than 3,000 students. The platform gained international recognition after winning the “Digital Innovation of the Year in Student Recruitment” award at The PIEoneer Awards 2025.
By adding these tools to its ecosystem, Crizac hopes to make the study-abroad process easier and more transparent for students.
Building a Complete Student Mobility Platform
Industry experts see this investment as more than just a financial deal. It is also a technology-focused acquisition that will help Crizac expand its offerings.
Until now, Crizac has mainly operated as a B2B recruitment platform, connecting counselling partners with more than 400 educational institutions worldwide. With ForeignAdmits joining its ecosystem, the company wants to become a full-service student mobility platform.
The goal is to provide students with support at every stage of their overseas education journey. This includes selecting a destination, applying to universities, arranging education loans, and preparing for visa interviews.
ForeignAdmits has already helped students secure more than ₹1,500 crore in education loans, showing the growing demand for financial support services in the study-abroad market.
The acquisition also brings new leadership into Crizac. Nikhil Jain, Founder and CEO of ForeignAdmits, will join Crizac’s senior leadership team as Chief Product & Marketing Officer. Jain, an IIT (BHU) graduate and Stanford SEED Spark alumnus, will lead product development and help strengthen the company’s consumer brand.
At the same time, ForeignAdmits will continue to operate independently under its existing brand and management team, allowing it to maintain its startup culture and flexibility.
Financial Performance and Future Challenges
While the acquisition offers long-term growth opportunities, ForeignAdmits’ parent company is currently not profitable.
Edument Consultancy reported a turnover of ₹1.13 crore in FY25, compared to ₹1.19 crore in FY24 and ₹0.74 crore in FY23. The company also reported a net loss of ₹71.87 lakh in FY25.
Going forward, Crizac will need to focus on improving profitability while successfully integrating ForeignAdmits’ technology into its larger business network.
Experts also point to other challenges, including changes in visa policies, currency fluctuations, and regulatory developments in major study-abroad destinations such as the UK. These factors could affect student mobility and education financing demand.
Despite these challenges, the deal reflects Crizac’s long-term vision of building a technology-driven student mobility ecosystem. By combining recruitment services, AI-powered tools, education financing support, and visa preparation solutions, the company is aiming to create a more complete experience for students planning to study abroad.