BSECompany Update2d ago · 28 Jul 2026, 03:19 pm
Please find attached a copy of Press Release, being issued by the Company titles "Crizac Strengthens its position in Mexico and Expands into the Netherlands with Acquisition of Inova Education"
Crizac Ltd · 544439
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Crizac Ltd has acquired 100% of the shareholding of Inova Consultancy Limited, expanding its presence in Mexico and entering the Netherlands as a new European destination market.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment9/10
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Crizac Ltd - 544439 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: July 28, 2026
To To
National Stock Exchange of India Ltd BSE Limited
Exchange Plaza, 5th Floor, C-1, Block G, 1st Floor, Phiroze Jeejeebhoy Towers
Bandra Kurla Complex, Bandra (E), Dalal Street Mumbai – 400001
Mumbai 400051 Scrip Code: 544439
Symbol: CRIZAC
Sub: Press Release
Dear Sir/ Madam,
Please find attached a copy of the press release, being issued by the Company titled “Crizac
Strengthens Its Position in Mexico and Expands into the Netherlands with Acquisition of
Inova Education”.
This is for your information and record.
Thanking you,
For Crizac Limited
Kashish Arora
Company Secretary and Compliance Officer
Membership no: A38644
(033) 3544-1515 info@crizac.com www.crizac.com
Crizac Strengthens Its Position in Mexico and Expands into the
Netherlands with Acquisition of Inova Education
Founder Eric Wijmenga joins Crizac as Regional Director, UK and Europe, to lead the company's
expansion into the Netherlands and wider Europe.
Kolkata, 28th July: Crizac Limited, one of India's leading technology-driven international student recruitment
platforms, today announced that it has entered into an agreement via its wholly owned Subsidiary Crizac Ltd. to
acquire 100% of the shareholding of Inova Consultancy Limited (“Inova Education”), a move that expands its
presence in Mexico. The acquisition strengthens Crizac's university partnerships across the UK and Europe and
marks the company's entry into the Netherlands as a new European destination market, reinforcing its ambition
to build one of the world's leading international education platforms.
As part of the acquisition, Crizac will acquire the business of Inova Consultancy Limited, including its
recruitment platform, university partnership portfolio, commercial contracts, operational processes, business
infrastructure and associated goodwill. Inova will continue to operate independently under Crizac's ownership.
Eric Wijmenga, Founder of Inova Education, will join Crizac as Regional Director, UK and Europe, where he
will lead Crizac's UK and Europe recruitment strategies, strengthen university partnerships, support business
development, and drive regional growth initiatives.
Inova Education has a long-standing presence in student recruitment, university partnerships, and international
education marketing in Mexico. Over the years, the company has built strong relationships with universities
across the UK and the Netherlands, with established operations across Mexico and Europe. Its leadership brings
more than 25 years of combined experience in international education and university partnerships, positioning
the combined business to accelerate student recruitment from Mexico while building new pathways into the
Netherlands and across Europe.
The acquisition is closely aligned with Crizac's long-term strategy of expanding its footprint in high-growth
international education markets. Combined with Inova's established presence in Mexico, the transaction
positions Crizac to grow student mobility into the Netherlands and across Europe, and between Europe and its
other international markets, as the company works toward its ambition of becoming a leading platform
connecting Mexico with the UK, the Netherlands and wider European higher education.
By combining Inova's regional market knowledge and university relationships with Crizac's technology-enabled
platform and international network, the transaction is expected to accelerate student recruitment, deepen
institutional partnerships and foster greater cross-border collaboration across the education ecosystem.
Commenting on the acquisition, the leadership teams of both organisations highlighted the strategic and cultural
alignment between Crizac and Inova, as well as the opportunities the combination creates for universities,
recruitment partners and students.
“This acquisition reflects our continued commitment to investing in quality partnerships and
sustainable international growth. Inova's relationships with universities and its deep operational
experience across Mexico and the Netherlands complement Crizac's global scale, digital capabilities
and international reach, and together we will create greater opportunities for universities,
recruitment partners and students.
Mexico and the Netherlands represent increasingly important markets within global education, and
this acquisition strengthens our ability to connect institutions with high-quality students across these
corridors. This is another important step towards our vision of becoming one of the world's leading
international education platforms.”
— Dr Vikash Agarwal, Chairman & Managing Director, Crizac Limited
“I've spent more than 25 years working in higher education, including building relationships with
universities across Europe. Joining Crizac gives that work a global platform, technology and reach
to support many more students and institutions, in Mexico and as we expand further into Europe.
We share a common commitment to innovation, quality partnerships and student success, and I'm
excited about the opportunities this partnership will create for universities, recruitment partners and
students.”
— Eric Wijmenga, Founder, Inova Education; Regional Director, UK and Europe, Crizac Ltd
Eric Wijmenga brings extensive senior-level experience in international education, student recruitment and
university partnerships, spanning recruitment and marketing strategy, finance and partnership development. As
founder of Inova Education, he has led an organisation supporting students in Mexico for more than 25 years,
with broader international experience across South Asia and East Africa building institutional relationships and
recruitment strategies that connect students, universities, schools, agencies and funding bodies. Eric combines
strategic sector insight with a practical understanding of student decision-making, and brings that experience to
Crizac's university partnerships across the UK, the Netherlands and Europe.
About Crizac Limited
Crizac Limited is a leading B2B international student recruitment platform, connecting a global network of
education agents with premier institutions across the UK, Canada, Ireland, Australia, and New Zealand.
Headquartered in Kolkata and listed on the NSE and BSE, Crizac is committed to ethical recruitment and
tech-driven student success. www.crizac.com
About Inova Education
Inova Education is a UK-based international education consultancy specialising in student recruitment,
university partnerships and education marketing, with established operations across Mexico, the UK and the
Netherlands. Inova has built trusted relationships with universities and education partners, delivering tailored
recruitment strategies and market development initiatives that support institutional growth and student success.
www.inovaeducation.com
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