Excelsoft Technologies proposes to utilise 62 crore from the net proceeds towards funding of capital expenditure for purchase of land and construction of a new building at the Mysore property, Rs 39.51 crore for upgradation including external electrical systems of its existing facility at Mysore, Rs 54.63 crore for funding upgradation of the Company’s IT Infrastructure and the balance towards general corporate purposes.
With over two decades of experience, Excelsoft provides technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide. As of August 31, it caters to 76 clients spread across 19 countries, including the USA, UK, India, Singapore, Australia, Japan, Malaysia, Saudi Arabia, UAE, and Canada.
The company actively implements Artificial Intelligence (AI) in its products and services. It includes building LLMs (proprietary and hybrid), small LLMs that are device-specific, and AI agents that provide an intelligent User experience in both the Learning and Assessment products.
According to an Arizton Report, AI and machine learning are being integrated into proctoring solutions to enhance monitoring capabilities and reduce the need for human intervention.
Some of Excelsoft’s prominent and long-standing clients are Pearson Education, AQA Education, Colleges of Excellence, NxGen Asia Pte, Pearson Professional Assessments, Sedtech for Technology Education and Learning WLL, Ascend Learning LLC, Brigham Young University – IDAHO, Training Qualifications UK, Surala Net, Excel Public School, and The Chartered Quality Institute.On the financial front, Excelsoft reported revenue from operations of Rs 233.29 crore in FY25, with a PAT of Rs 34.69 crore.The global SaaS market has seen rapid growth, with vertical SaaS emerging as a dominant trend that promises specialized, industry-tailored solutions. This shift has positioned vertical SaaS to grow at an even faster pace than general SaaS, with estimates suggesting that vertical SaaS could account for nearly 50% of the SaaS market by 2030, as per the Arizton report.
Anand Rathi Advisors is the sole book-running lead manager to the issue. The equity shares of the company are proposed to be listed on the BSE and NSE.