Type Public Headquarters Gurgaon | Industry For-profit education CEO Rahul Keshav Patwardhan | |
 | ||
Traded as BSE: 500304
NSE: NIITLTD Founded 1981 as National Institute of Information Technology Key people Rajendra Singh Pawar (Chairman)
Vijay Kumar Thadani (Vice Chairman and Managing Director)
Rahul K. Patwardhan (CEO) Services Skills & Talent Development Stock price NIITLTD (NSE) ₹ 73.40 -0.05 (-0.07%)17 Mar, 3:56 PM IST - Disclaimer Revenue 10.07 billion INR (US$150 million, 2016) Founders Vijay K. Thadani, Rajendra Singh Pawar Profiles | ||
NIIT Limited is an Indian Multinational company that offers learning management and training delivery solutions to corporations, institutions and individuals. It has three main lines of business worldwide: Corporate Learning Group (CLG), Skills and Careers Group (SNC), and School Learning Group (SLG).
Contents
- Niit at a glance
- History
- Timeline
- Business Units
- Key Industries
- Key initiatives
- Indian training centres
- References
In 2006, the IT services business of NIIT was demerged into a separately listed company NIIT Technologies. NIIT Limited now focuses on Corporate Training, Vocational Training for Services Sectors and Education and Training in Schools. NIIT Limited owns 23.98% of NIIT Technologies.
Niit at a glance
History
NIIT was established in 1985 by Rajendra S. Pawar and Vijay K. Thadani, graduates from IIT Delhi, with one million rupees. NIIT conceived a franchising model in IT education for the very first time, setting up nine centers by 1987.
In 1986, NIIT began its foray into the software domain, beginning with Software Product Distribution under the 'Insoft' brand. The company also began offering advice and consultancy to large corporations on how to leverage technology and make optimum use of their IT investments.
In 1988, NIIT introduced many marketing and advertising strategies for the Indian market including the ‘Computerdrome’ in 1990. Another initiative launched by NIIT, was its Bhavishya Jyoti Scholarships program, launched in 1991, which was targeted at deserving and socially challenged students with an aim to improve their skills and employability quotient. In 1992, NIIT launched its flagship program GNIIT, an industry-endorsed course with a 12-month Professional Practice for students seeking careers in the IT and non-IT sectors. By 1993, NIIT began trading NIIT stocks on the Indian stock exchanges. In 1996, NIIT began its globalization journey, setting up an education center in Hong Kong. In the same year, the company launched its virtual university ‘Net Varsity’. In 1998, NIIT joined a handful of Indian tech companies to enter the Chinese market. The company earned the epithet, the ‘McDonald’s of the software business’ by Far Eastern Economic Review in September, 2001. The same year, NIIT launched an experiment that was christened ‘Hole-in-the-Wall’ by media and drew international attention. The experiment was based on the ‘minimally invasive education’ methodology developed by NIIT R&D. It suggested that children, irrespective of their social, ethnic or educational identity could learn to use computers by themselves, without adult intervention. In 2003, NIIT launched its MindChampions Academy (MCA) with Viswanathan Anand, five-time former World Chess champion and NIIT Brand Ambassador.
In 2004, NIIT hived off its software business into an independent organization called NIIT Technologies Ltd. (Source: NASSCOM’s 2013-14 Ranking of Top 20 IT services companies). In the area of training, NIIT launched its ‘Edgeineers’ program in 2005, to boost career opportunities for engineering graduates. In the same year, it diversified into various sectors such as banking, finance and insurance (through IFBI), Executive Management education (through Imperia), Professional Life Skills, BPM, and ICT education for schools. In 2008, NIIT set up NIIT University, in Neemrana, Rajasthan. NU, offers B-Tech and M-Tech programs in computer science and education technology, as well as MBA programs. In 2014, NIIT tied up with National Skill Development Corporation to launch NIIT Yuva Jyoti centers, under the pilot phase of Prime Minister Narendra Modi’s Skill India campaign and the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) in North East, J&K and Jharkhand.
Acquisitions
In 2001, NIIT acquired Osprey, DEI and Click2learn in the US, to establish its e-learning and corporate learning practices in that country.
In 2006, acquired Element K, a leading provider of learning solutions in North America. The company was sold off in 2012.
Timeline
Business Units
NIIT is organized along the following three lines of business:
- Corporate Learning Group - It offers Managed Training Services (MTS), which include custom curriculum design and content development, learning administration, learning delivery, strategic sourcing, learning technology and advisory services.
- Skills and Careers Group - This focuses on providing employability skills to learners. It includes learning programs in soft skills, business process excellence, retail sales enablement, vocational skills, digital media marketing, new age IT, Banking, Insurance and Financial services (through IFBI), Executive Management (through NIIT Imperia) and BPO/KPO training (through NIIT Uniqua).
- School Learning Group - It provides tools and products for technology based learning to government and private schools in India. It offers NIIT nGuru learning solutions for schools, which include Interactive classrooms with digital content, Math Lab, IT Wizard programs and Quick School ERP software.
Key Industries
NIIT Limited focuses on several industry segments besides the IT-BPM sector. The NIIT portfolio, which was focused on IT education at the time of the company’s inception, now encompasses programs that go ‘Beyond IT’. These include courses related to banking, finance, insurance, executive management, digital marketing, Big Data and Analytics, among others. The company has a robust Corporate Learning Solutions business with customers across the globe. NIIT also provides customers with services including content development, learning administration, learning technology, learning delivery, strategic sourcing and advisory solutions. The company’s CLS business has earned several industry recognitions including the 2015 TrainingIndustry.com ranking, which places NIIT among the world’s Top 20 Workforce Development companies.
Key initiatives
NIIT Institute of Financial banking (IFBI) was formed with equity participation from ICICI Bank, which offers programs to develop talent in banking industry.
NIIT offers turnkey integration programs and computer-based training to over 5000 government schools through its NIIT K-12 business division.
NIIT's corporate learning solutions caters to Fortune 500 companies, universities, and technology, training, and publishing companies.
NIIT Imperia collaborated with KPMG India to offer advanced certified programs on International Financial Reporting Standards (IFRS). These programs are generally six weeks long and are meant to assist companies in migrating from Indian General Accepted Accounting Principals to IFRS.
Indian training centres
NIIT has training and educational centres in the following Indian states and union territories: Telangana, Andhra Pradesh, Assam, Bihar, Chandigarh, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Nagaland, Odisha, Puducherry, Punjab, Rajasthan, Tamil Nadu, Tripura, Uttar Pradesh and West Bengal.