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Excelsoft Technologies in partnership with its Philippine partner ASEAMETRICS, will deliver the Civil Service Commission of the Philippines' Civil Service Digital Examination (CSC DeX) beginning in 2026, supporting the Commission's nationwide shift to secure, technology-enabled assessments.
The partnership brings together Excelsoft's globally proven SARAS eAssessment platform and ASEAMETRICS' deep expertise in public-sector transformation to enable a scalable, cloud-based, and high-integrity examination system for Civil Service Examinations. CSC DeX is designed to complement and progressively replace legacy testing modes, improving accessibility, reliability, and operational efficiency. According to publicly available data from the Philippines Civil Service Commission, recent civil service examinations have seen participation from over 300,000 candidates nationwide.
Powered by Excelsoft's SARAS platform, the solution delivers end-to-end digital assessment capabilities, including secure test creation and delivery, AI-enabled remote and on-site proctoring, real-time monitoring, psychometric analytics, and comprehensive reporting — ensuring fairness, transparency, and examination integrity at scale.
As a direct outcome of this collaboration, ASEAMETRICS will lead the initial rollout of CSC DeX, with the first phase covering up to 50,000 tests, strengthening merit-based recruitment into the Philippine civil service while enhancing the overall candidate experience.
While EBITDA improved by 26% YoY to Rs 17.51 crore, EBITDA margin was 27% in Q2 FY26 as against 26% in Q2 FY25.
Profit before tax in Q2 FY26 stood at Rs 14.29 crore, up 34% YoY.
Dhananjaya Sudhanva, managing director, Excelsoft Technologies, said: “The first half of FY26 has been a milestone period for us, underscoring the expanding scale and maturity of our business.
Our performance reflects healthy, broad-based momentum across key segments, supported by enduring client relationships, sharper execution, and continued investments in technology-led learning solutions under our AI Elevate program.
We are pleased with the strong traction in Educational Technology Services and the sustained uptake of our learning and assessment platforms across global markets.
Our geographical mix remains balanced, led by North America and Europe & UK, while India and Asia continue to develop as strategic growth regions.
The progress in our Learning & Student Success Solutions business, along with improving profitability, highlights the effectiveness of our initiatives around platform scalability, AI-driven automation, and operational excellence.
Looking ahead, we see significant opportunities driven by the acceleration of digital learning, enterprise skilling, and verification ecosystems worldwide.'
Excelsoft Technologies is a leading provider of innovative e-assessment and learning solutions to awarding bodies, educational institutions, corporations and governments worldwide.
Excelsoft Technologies and AQA, a leading UK-based exam board, today announced the creation of a joint AI taskforce to collaborate on research and development projects focused on the ethical and secure use of AI in the e-marking of handwritten student responses. For the foreseeable future, marking exams will remain a human process.
This joint AI taskforce will combine AQA's deep expertise in high-stakes assessment with Excelsoft's advanced AI, data and e-assessment capabilities. The collaboration will focus on designing and testing responsible AI models and workflows that support human examiners, improve consistency, and enhance the reliability of marking, while maintaining the highest standards of fairness, transparency and data protection.
The stock listed at Rs 135, reflecting a 12.5% premium compared with the issue price.
So far, the stock has hit a high of 142.65 and a low of 134.95. On the BSE, over 47.48 lakh shares of the company were traded in the counter so far.
Excelsoft Technologies received bids for 1,32,59,07,375 shares as against 3,07,01,754 shares on offer. The issue was subscribed 43.19 times. The issue opened on 19 November 2025 and it closed on 21 November 2025. The price band of the IPO was fixed between Rs 114 and 120 per share.
The IPO consists of a fresh issue of Rs 180 crore and offer for sale of Rs 320 crore. Excelsoft proposes to utilise Rs 61.7 crore from the net fresh issue proceeds for purchase of land and construction of new building at the Mysore property, Rs 39.5 crore for up-gradation including external electrical systems of its existing facility at Mysore, Rs 54.6 crore towards up-gradation of the company’s IT Infrastructure and the balance will be utilized to fund growth through unidentified acquisitions and general corporate purpose.
Excelsoft Technologies is a vertical software as a service (SaaS) company specializing in the learning and assessment market. The company provides technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide.
The company’s products and services are classified into four business verticals including assessment & proctoring solutions, learning & student’s success systems, educational technology services and learning, design & content services.
Excelsoft serves a diverse range of clients, including educational publishers, universities, schools, government agencies, defence organizations, and businesses. The company catered to 76 clients spread across 19 countries as on August 31, 2025. With operations in India, Malaysia, Singapore, the UK, and the USA, the company collaborates with over 200 organizations and impacts more than 30 million learners worldwide.
As much as 31.5% of the revenue was contributed by assessment & proctoring solutions, 11.27% by learning & student’s success systems, 51.46% by educational technology services, and the balance 5.75% by learning, design & content services in Q1FY2026.
Ahead of the IPO, on 18 November 2025, the company raised Rs 149.99 crore from anchor investors by allotting 1.24 crore shares at Rs 120 each to 10 anchor investors.
For the quarter ended 30 June 2025, the firm recorded a consolidated net profit of Rs 6.01 crore and sales of Rs 55.72 crore.