In FY25, FY24, and FY23, Crizac claimed to have sourced student applications for higher education institutions from over 75 countries. These applications were processed through agents registered on the company's proprietary technology platform.
The company claims to have built strong expertise in student recruitment for global educational institutions. Over the three financial years (FY25, FY24, and FY23), the company claimed that it processed more than 7.11 lakh student applications and collaborated with over 173 higher education institutions.
The company claims that it has maintained relationships for more than five years with over 20 global higher education institutions.
As of FY25, Crizac claims to have approximately 10,362 registered agents worldwide on its proprietary platform. In FY25 alone, 3,948 of these agents were actively working across 39 countries, including the United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada, and Egypt.
The company claims that one of its key strengths is its proprietary technology platform, which supports efficient communication and coordination among its global network of registered agents.
Over the years, the company has observed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 274.10 crore in FY23 (standalone) to Rs 530.05 crore in FY24 (consolidated) to Rs 849.49 crore in FY25 (consolidated). PAT increased from Rs 110.11 crore in FY23 (standalone) to Rs 117.92 crore in FY24 (consolidated) to Rs 152.93 crore in FY25 (consolidated).
The top three global institutions of higher education accounted for Rs 448.99 crore (52.85 percent) of the company’s total revenue in FY25, Rs 406.58 crore (64.04 percent) in FY24, and Rs 301.83 crore (63.81 percent) in FY23. Any loss of even one of these institutes or a failure to maintain a partnership with these institutes could adversely impact the company’s operations and finances.
A significant portion of the company’s revenue is derived from the UK. It accounted for Rs 808.02 crore (95.12 percent) of the company’s total revenue in FY25, Rs 610.28 crore (96.13 percent) in FY24, and Rs 456.04 crore (96.42 percent) in FY23. Any adverse political, social, or economic developments in this region could negatively impact the company’s overall performance.
The company’s operations are heavily dependent on the enrollment of students from various jurisdictions into global institutions of higher education. Any unexpected or serious political conflict between the countries where students come from and where the institutions are based, or any issues related to student safety, could adversely affect the company’s business.
A significant portion of the company’s revenue is derived from outside India. Overseas business accounted for Rs 845.69 crore (99.55 percent) of the company’s total revenue in FY25, Rs 634.87 crore (100 percent) in FY24, and Rs 472.97 crore (100 percent) in FY23. Any adverse fluctuations in foreign currency exchange rates could negatively affect the company's financial condition.
The company generates its entire revenue from the education consultancy sector, primarily from the UK, the Republic of Ireland, and Canada. Any decline or disruption in the education industry in these key jurisdictions could negatively impact the company’s business operations and financial conditions.
The company, its promoters, directors, and subsidiaries are involved in various legal proceedings. Any adverse judgment in any of these cases can be detrimental to the company’s business prospects.
The company’s business is impacted by seasonality, with enrolments into global educational institutions occurring during specific intakes, such as January/February, April/May, and September/October. Any inability to effectively manage this seasonal variation in demand could adversely affect the company’s business and financial condition.
As of FY25, the company had 1,772 creditors with outstanding dues amounting to Rs 260.59 crore. Any failure to make timely payments could result in creditors disassociating from the company or initiating legal proceedings, which could hit the company’s business and finances.