CL EDUCATE LIMITED

Operates three segments across assessments, learning, and marketing technology services. The DEX (Assessments) segment is the largest at 40.7% of segment revenue and runs through the wholly-owned subsidiary DEXIT Global (formerly NSEIT), delivering digital examination and assessment services to academic institutions and corporates. The EdTech (Learning & Development) segment at 29.8% of segment revenue delivers test-preparation and skilling programmes, but is facing ARPU pressure of 12-14% as customers shift from full programmes priced ₹30,000-60,000 to modular tickets at ₹2,000-4,000. The MarTech segment at 29.5% offers technology products including VOSMOS and VIRSA, an AI account-based marketing tool gaining adoption with corporates such as Salesforce, Dell, and Infosys. Costs are dominated by other operating expenses at 68.3% of revenue, followed by employee costs at 21.2% and depreciation at 7.6%. The group crossed ₹500 crore in total income for the first time at ₹570 crore in FY26, up 55% year-on-year, driven largely by the first full year of the DEXIT/Assessments acquisition.