Crizac has taken a strategic stake in ForeignAdmits, acquiring 37.41% of the Indian company, which provides education finance and visa preparation services for students seeking to study abroad.
The investment, announced this week, has been structured through compulsorily convertible debentures and compulsorily convertible preference shares.
ForeignAdmits says it has supported more than 100,000 students and facilitated over INR 1,500 crore (£127 million) in education loans through services including LoanMonk and VisaMonk.ai. VisaMonk.ai won Digital Innovation of the Year in Student Recruitment at The PIEoneer Awards 2025.
“As a market leader, our responsibility has always been to stay ahead of what students and counselling partners need. ForeignAdmits brings a level of AI-enabled capability in financing and visa that, combined with our institutional strength, creates a truly integrated platform; one that sets a new benchmark for what this industry can offer,” said Crizac chairman and managing director Vikash Agarwal.
This is not an exit; it is an acceleration
Nikhil Jain, ForeignAdmits
As part of the deal, ForeignAdmits founder and chief executive Nikhil Jain will join Crizac as chief product and marketing officer. ForeignAdmits will continue to operate under its existing brand and management, according to the announcement.
“We built ForeignAdmits to remove the friction that stops capable students from accessing the education they deserve. Joining Crizac means that mission now has the institutional reach, global distribution, and counselling partner network to reach every student who needs it. This is not an exit; it is an acceleration,” said Jain.
The move aligns with plans outlined following Crizac’s 2025 stock market listing, when the company told The PIE News it was exploring expansion beyond student recruitment into areas such as student loans and other student services.
Crizac works with more than 400 institutions across destinations including the UK, Canada, Ireland, Australia and New Zealand.
