LANDMARK GLOBAL LEARNING LIMIT

Operates as an overseas education consultancy, helping Indian students pursue international education, with services spanning admissions, visa support and branch-based counselling. Revenue is concentrated geographically: Canada still accounts for 70%+ of the mix, while the UK and Germany together are rising from a sub-10% base. H1 FY26 revenue of ~INR15.6 cr was hit by tighter visa scrutiny, longer student conversion cycles and deferred enrollments, even as the company opened 5 new branches and spent on advertising and education fairs. The business is in a phase of international expansion: a Dubai campus is expected to start in Q4 FY26 under an asset-light, rent-based model, a Paris campus is targeted for Q1 FY27, and new student recruitment offices are being set up in Bangladesh (live), Africa, Nepal and Pakistan. The cost base is heavily services-led — employee cost is 56.5% of revenue and other operating expenses are 91.5% of revenue — and the company raised ₹40.32 crore via IPO on BSE SME in January 2025, of which only 34.3% had been deployed by 31 March 2026.