Exceloft Technologies is a global vertical SaaS company specialising in the diverse learning and assessment market. It has a strong legacy of over two decades in education technology, providing solutions across diverse learning and assessment segments through long-term contracts with enterprise clients. It is focused on the assessment market through its AI-based assessment & proctoring solutions across 19 countries as of August 31, 2025.
The company operates through four business verticals- assessment & proctoring solutions, learning & student success systems, educational technology services, and learning design & content solutions. Its flagship products include SARAS eAssessment, EasyProctor, EnablED, OpenPage, CollegeSparc, and LearnActiv K–12 Learning Solutions. The company’s clients include various marquee enterprise clients in the education domain, such as Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD and more.
North America accounted for 60.69% of revenue as of June 2025, followed by Europe & the UK contributing 24.53%, India 8.83%, Asia (excluding India) 5.05%, and Australia 0.90% which indicates the company’s diversified global exposure. Additionally, the company's partnership with Pearson Education Group generated 59.24% of revenue as of June 2025, demonstrating its close ties with global education ecosystems. The company served 101 clients as of June 2025, with 24 clients associated for over 10 years and 40 clients for 5–10 years, which demonstrates strong customer loyalty.
The company provides scalable and secure solutions by utilising technological tools like big data analytics, machine learning, artificial intelligence (AI), and large language models (LLMs). Its hybrid approach makes use of OpenAI's GPT-4.0 and Google Gemini for low-risk use cases, Claude Sonnet and Mistral for medium-to-high-volume workloads on Microsoft Azure and AWS, and operates open-source LLMs for the highest-volume, most sensitive workloads.
Exceloft Technologies has a research and development group at its various locations, including its registered office, situated in Mysore, to support the development of new products and the innovation process. The business has won multiple awards over the years for its excellence in digital learning and assessment technology, including the Brandon Hall Group Awards and the e-Assessment Association Award.
By 2030, the global L&D market is projected to grow at a CAGR of 7.06% to reach $587.61 billion. Additionally, the global assessment and proctoring market is anticipated to grow at a CAGR of 11.90% and reach $21.26 billion by 2030. North America and the Asia-Pacific regions are expected to lead this market with a CAGR of 12.07% and 13.45% from 2024-2030, respectively. The company is well-positioned to take advantage of this increasing demand because of its strong presence in North America and the APAC region, with 60.69% and 24.53% revenue contribution, respectively, as well as its diversified product portfolio, which includes SARAS eAssessment, EasyProctor, SARAS LMS, and EnablED.
The company is focusing on brand positioning, product innovation, and identifying possible acquisition targets. It also intends to expand its global presence, particularly in countries like Egypt, France, Brazil, and the Philippines.
Now, Excelsoft Technologies Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹180 crore and an offer for sale of ₹320 crore. The total issue size of the IPO is ₹500 crore. Its shares will be listed on the NSE and BSE.
Tata Consultancy Services Ltd
Infosys Ltd
HCL Technologies Ltd
