1. DigiCore AI production scale - DigiCore is live in client delivery across top-tier knowledge organizations, with AI-enabled composition and quality workflows now in production on largest programs. Management's FY27 priority is scaling DigiCore and RIC adoption across the renewal base, which should lift Research Solutions margins as third-party platform dependency falls.
2. Unbound Medicine integration - Unbound closed 9 Feb 2026 for USD 16.5 million, contributing INR 11.78 crore in its first 50 days, with monthly run rate around $800,000 and margins guided from 18-20% toward the MPS average by FY27 exit. Cross-selling Unbound's medical platforms to MPS's global client network and moving it outside North America opens a new recurring-revenue leg in the $15 billion medical knowledge market.
3. JEO peer review scale - Pre-acceptance peer review and journal editorial office is MPS's fastest-growing line, with B2B pre-acceptance services up over 90% and MPS now the second-largest provider by volume, targeting first place by end of FY27. A 52% manuscript acceptance lift versus a 32% industry baseline gives publishers a measurable reason to consolidate this work with MPS.
4. AJE Pre-Submission Peer Review - AJE launched Pre-Submission Peer Review in April 2026, its first genuinely new service in over two years, with demand running well ahead of plan. This adds a paid service atop the 1 million-plus manuscripts AJE's AI workflows already process, extending the margin recovery from 23.7% to 30.2% in Q2 FY26.
5. Education AI multi-year programs - AI-enabled content and production work with several largest U.S. knowledge organizations moved from pilots into multi-year, multi-product programs, with over 60% of Education growth coming from AI-powered workflows. Education is a 15% growth market where MPS is growing much higher, and the segment's EBITDA margin already climbed from 28% to 31% on operating leverage and from 31% to 36% on automation and AI.
6. Accessibility line scale - The accessibility line, producing accessible learning media at scale with AI, tripled FY26 revenue versus prior year, anchored by two large engagements, and is building toward a large journals rollout later this year. With over 3 crore auto-generated accessible assets delivered annually, this high-margin line compounds as accessibility mandates spread.
7. Corporate Learning turnaround - Liberate Global posted its second consecutive growth quarter: revenue up 6.9% YoY to INR 27.60 crore, EBITDA up 60.7%, margin at 25.3% versus under 17% a year ago, on headcount a third lighter. Management targets a 30% steady-state EBITDA margin with \~12% organic growth as AI-led delivery becomes the dominant mix.
8. M&A pipeline execution - Management has 35 companies in the pipeline, 5 fairly advanced, with at least one deal expected to close this financial year and possibly two, targeting assets with 10%+ revenue CAGR and 5-15% EBITDA that MPS can lift to 30%. With INR 138 crore cash, INR 15-18 crore monthly cash generation, and INR 200 crore debt capacity, an acquisition in the INR 300-500 crore range is fundable without equity.
9. STAR accounts cross-sell - The STAR accounts program scaled from 10 to 30 to now 50 customers, with the cross-sell index jumping from 2.5x to 5.5x business units per account over two years, and management is now moving from 50 to 100. Research Solutions grew 18.32% YoY organically excluding AJE, reflecting deep STAR engagement that outpaces headcount growth.