Meritto
Helps educational organizations manage and automate student acquisition and enrollment workflows on one purpose-built platform.
Access financial information, corporate governance, shareholder information and statutory disclosures of NoPaperForms Solutions Limited.
The most recent financial and corporate information, surfaced first.
Access the latest annual financial and business information of NoPaperForms Solutions Limited.
NoPaperForms brings together AI-powered Vertical SaaS, embedded payments and contextual intelligence across the workflows that drive institutional growth.
Helps educational organizations manage and automate student acquisition and enrollment workflows on one purpose-built platform.
Helps educational organizations manage, collect and reconcile fee payments through an integrated education payments infrastructure.
Brings contextual AI capabilities across education workflows through purpose-built AI products and agents.
Selected operating metrics from Fiscal 2026.
| Name of the Material Creditor | Amount outstanding (₹ in million) |
|---|---|
| Solutions Infini Technologies (India) Pvt Ltd | 54.18 |
| Karix Mobile Private Limited | 29.90 |
| Total | 84.08 |
Statutory and investor contact information for NoPaperForms Solutions Limited.
Investor and statutory correspondence
secretarial@nopaperforms.com
0124-4836825
Unit No. 4, First Floor, Plot No. 242 & 243, AIHP Palms, Udyog Vihar Phase IV, Palam Road, Gurugram 122015, Haryana, India.
C-101, Embassy 247, L.B.S. Marg, Vikhroli (West)
Mumbai 400 083
Maharashtra, India
NoPaperForms Solutions Limited provides an integrated technology platform purpose-built for the education industry. The platform brings together AI-powered vertical SaaS, embedded payments and agentic AI across the mission-critical layers of student acquisition, enrollment, fee management and student engagement.
Its core products are Meritto, the operating system for student enrollments; Collexo, the operating system for fee collections and payments; and Mio AI, the intelligence layer across the platform. Together, these products connect data, context and workflows across key institutional processes.
NoPaperForms began by addressing student acquisition and enrollment workflows and has progressively expanded its platform across student engagement, fee collections and payments, and AI-led institutional workflows.
Meritto manages the enquiry-to-enrollment journey and serves as the system of record for enrollment data and context. Collexo extends the platform into fee collection and payment workflows and serves as the financial system of record. Mio AI builds on the data, context and workflows generated across the platform to provide an intelligence layer through AI agents across student-facing and institutional workflows.
This evolution has expanded NoPaperForms from addressing enrollment workflows to providing an integrated technology platform that brings together AI-powered vertical SaaS, embedded payments and agentic AI, purpose-built for the education industry.
NoPaperForms operates a subscription and usage-based business model. Its revenues are primarily generated through software subscriptions, supplemented by consumption and transaction-based revenues linked to usage of the platform.
This combination provides a recurring subscription revenue base alongside revenues that can expand with customer activity and platform usage. Its modular platform also enables educational organisations to adopt additional capabilities and expand their usage over time.
The Company’s modular architecture allows customers to begin with specific capabilities and expand across modules, workflows and products over time.
Net Revenue Retention, which incorporates expansion, downgrades and churn within the existing customer base, was 117.21% in Fiscal 2026. This indicates that, in aggregate, revenue from the relevant existing customer cohorts increased after accounting for expansion, downgrades and churn.
In Fiscal 2026, NoPaperForms served 1,183 customers, centralised 148.76 million student enquiries, facilitated 1.86 billion personalised communications, and processed ₹31,798.47 million in education fees.
The number of customers increased from 793 in Fiscal 2024 to 1,183 in Fiscal 2026, while education fees processed increased from ₹15,405.78 million to ₹31,798.47 million over the same period.
Mio AI is NoPaperForms’ agentic AI platform and intelligence layer. It builds on the education-specific data, context and workflows generated across the NoPaperForms platform, including its Meritto and Collexo systems of record to enable goal-driven AI agents across student-facing and institutional workflows.
By operating across the systems of record created through enrollment and payment workflows, Mio AI is designed to bring contextual intelligence into these workflows, helping move the platform from systems of record towards systems of intelligence.
Mio AI includes capabilities such as Mio AI Guide, Mio AI Voice and Mio AI Coach.
NoPaperForms’ AI strategy builds on its existing systems of record across enrollment and payments. Operating across education-specific workflows has generated contextual information and signals relating to student demand, enrollment activity, engagement, workflows and payments. Mio AI is designed to use this foundation to bring contextual intelligence and AI agents into institutional workflows.
In this architecture, Meritto and Collexo provide systems of record, while Mio AI represents the intelligence layer built across those systems.
For Fiscal 2026, NoPaperForms reported revenue from operations of ₹1,156.48 million, compared with ₹923.43 million in Fiscal 2025 and ₹703.59 million in Fiscal 2024.
Profit for Fiscal 2026 was ₹119.33 million, compared with ₹18.82 million in Fiscal 2025 and ₹0.40 million in Fiscal 2024.
Yes. NoPaperForms acquired its first customer in the Middle East in Fiscal 2023 and its first customer in South-East Asia in Fiscal 2024.
The number of international customers increased from 21 in Fiscal 2024 to 63 in Fiscal 2025 and 104 in Fiscal 2026. International customers represented 8.79% of the Company’s customer base in Fiscal 2026, compared with 2.65% in Fiscal 2024.
Meritto, Collexo and Mio AI address interconnected parts of the education journey.
Meritto connects the enquiry-to-enrollment journey and serves as the enrollment system of record. Collexo extends the relationship into fee collections and payments and serves as the financial system of record. Mio AI provides an intelligence layer across the platform.
As more workflows are brought together, the platform accumulates additional education-specific data, context and signals that can support broader capabilities across student and institutional workflows.