NIIT

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NIIT Limited
Type Public
Traded as BSE: 500304
NSE: NIITLTD
Industry Training & Education in Information Technology
IT services
Founded 1981
Founder(s) Rajendra S. Pawar
Vijay K. Thadani
Headquarters Gurgaon, India
NIIT Technologies in New Delhi, India
Key people Rajendra S. Pawar
(Chairman & MD)
Vijay K. Thadani
(CEO)
Services BPO,
Application Development Management,
Managed Service,
Package Implementation,
Platform Based Services[1]
Revenue increase $224.1 million (FY 2009)[2]
Employees 3,641 (2009)[2]
Subsidiaries NIIT SofTec
NIIT ROOM Solutions
Element K
Evolv
Website www.niit.com

NIIT Limited (BSE: 500304) is a global computer education company. The company is listed on the National Stock Exchange and Bombay Stock Exchange of India. The company provides training for individuals, enterprises, schools and colleges. It has its presence in 40 countries worldwide.

In 2004 , NIIT was restructured into two groups. One is NIIT Limited, which focuses on the training and education in IT segment, and another which is known as NIIT Technologies which is an information technology (IT) solutions organization.[3]

Contents

[edit] History

NIIT was established in the year 1981 by Rajendra S. Pawar and Vijay K. Thadani, graduates from IIT.[4]

  • NIIT Technologies also acquired UK-based company ROOM Solution late in 2006-2007.[5]
  • In 2006, it acquired US-based learning solution provider Element K.[6]
  • In 2011, it sold Element K for $110 million to SkillSoft[7]

It has two subsidiaries, NIIT SmartServe Limited and NIIT GIS Limited, which provide business process outsourcing and GIS solutions, respectively. NIIT Technologies annual revenue of INR 9,799 million as of 2009.[2]

[edit] Competitors

There are many online education organizations in India. Of those, Educomp Solutions, EdServ Softsystems Limited, Everonn Education and Aptech are NIIT's main competitors.[8]

[edit] Timeline

  • 1981: NIIT was established by Rajendra S. Pawar and Vijay K. Thadani to cater IT education and training in India[9]
  • 1982: Setup educational centers in Mumbai and Chennai[10]
  • 1982: Introduced Multimedia technology in education
  • 1983: Corporate training program introduced
  • 1983: It set up education center in Bangalore
  • 1984: IT consultancy service stated
  • 1985: Head Office integrated in New Delhi
  • 1986: Software product distribution started under "Insoft" brand
  • 1987: Education centers setup in Kolkata and Hyderabad
  • 1987: Conceived Franchising Model of education
  • 1989: Dr CR Mitra an alumnus of MIT and former Director of BITS Pilani joined NIIT as education adviser stated and created "GNIIT" program [11]
  • 1989: Education center open in Pune
  • 1991: First overseas office setup in US
  • 1991: "Bhavishya Jyoti Scholarships" launched for meritorious and socially challenged students
  • 1992: GNIIT program started with professional practice[12]
  • 1993: Received ISO 9001 for software export [13]
  • 1993: International Revenue touched Rs 50 million
  • 1993: It becomes listed company and launched a successful IPO
  • 1995: NIIT tied up with Microsoft to provide education of Microsoft technologies
  • 1995: Revenue crosses Rs 1 billion mark
  • 1996: First overseas education center launched
  • 1996: launched "NetVarsity", the virtual University
  • 1996: Awarded ISO 9001 for Computer Education
  • 1997: It becomes world economic forum global growth company
  • 1997: NIIT collaborate with Chinese government to provide IT education in China[14]
  • 1997: It is the second Indian company after HCL Technologies that have granted special status in Malaysia Multimedia Super Corridor [15]
  • 1997: NIIT stated scholarship for economically under challenged children[16]
  • 1997: Unique distinction puts NIIT into first list of 21st Global companies[17]
  • 1997: Education center crosses 500 mark
  • 1997: NIIT becomes World Economic Forum global growth company
  • 1998: The company's market capitalization crosses US$1 billion mark
  • 1999: Achieved the status of Microsoft's best training partner in Asia
  • 1999: NIIT and its subsidiaries global revenue reached Rs 8.8 billion [18]
  • 2000: Education centers crosses 2000 mark
  • 2000: NIIT Ltd tied up with Oracle Corporation to provide education on Oracle technologies specially on Oracle Database [19]
  • 2000: NIIT invested on OneWeb System an US base company
  • 2000: NIIT ltd collaborated with Sun Microsystems on "iForce initiatives on computing giant" [20]
  • 2000: NIIT built knowledge products for Macmillan US$10.6 Million [21]
  • 2001: NIIT ties-up with Citibank and International Finance Corporation to provide student loans for middle class and lower middle class families[22]
  • 2001: Microsoft awarded NIIT the "Best Training Company Award"[23]
  • 2001: NIIT and Mahindra & Mahindra Limited were out of Bombay Stock Exchange, instead Hero Honda and HCL Technologies came in[24]
  • 2002: NIIT Ltd. ties up with US based ITT Educational Service to offer four years Bachelor's degree to Indian students[25]
  • 2002: It opened 15 new Information technology training centers in China which would cater high-end training[26]
  • 2004: NIIT Technologies started offering Geographic Information Systems (GIS) to its clients[27]
  • 2004: NIIT and worlds largest chip maker Intel signed a deal to use technology-assisted learning in school[28]
  • 2005: German based software company SAP AG and NIIT Technologies tied up to implement software projects for government and public sectors[29]
  • 2005: Intel and NIIT ltd join together to train software professional on Intel architecture[30]
  • 2006: Sun Microsystems ties up NIIT to provide specialized training for students in programming platform such as Java and Solaris[31]
  • 2006: Launched of new institute called NIIT Imperia which would provide three certificate programmes from Indian Institutes of Management[32]
  • 2006: It grabbed multi-million dollar project by partnering with Singapore's Defence Science and Technology Agency (DSTA) to provide outsourcing development to the Singapore Government [33]
  • 2008: NIIT Ltd entered into alliance with Infospectrum India Pvt Ltd to cater Education Research and Planning (ERP) solution tolls with its school learning solution[34]
  • 2008: NIIT acquired stake in Evolv Services Ltd., a Leading English Communication, Soft skills, Training and Assessment Company in India.[35]
  • 2009: In 2009 NIIT started new "NIIT University" http://www.niituniversity.in/ campus in Neemrana, Rajasthan offering more post graduation level courses.[36]
  • 2009: Chinese Society of Educational Development Strategy (CSEDS) awarded NIIT Ltd for IT Training Brand in China[37]

[edit] Business units

NIIT has organized itself along the following three lines of business:

  1. Individual Learning Solutions - This focuses on providing employability skills to people in the age group of 16–25 years. IT training forms the bulk of this segment. In recent years it has launched new offerings for training in Banking, Insurance and Financial services through IFBI, NIIT IMPERIA Executive Management Programs through NIIT Imperia and training in skills for BPO/KPO sectors through NIIT Uniqua.
  2. School Learning Solutions - this provides training and learning solutions to government and to private schools.
  3. Corporate Learning Solutions- this division provides training services such as off the shelf learning library, custom content development, customized instructor led training and training administration services. Element K a US company, acquired by NIIT in 2006, forms about two thirds of the sales from this division.

[edit] Key industries

NIIT Technologies mainly focuses on well-defined key sectors of industry:

  • Banking & Financial Services
    • Retail Banking
    • Wholesale Banking
    • Investment Management
    • Risk and Compliance Offerings
    • Business Testing Frameworks[38]
  • Insurance
    • Channel and Customer Interface Solutions
    • Core Insurance Business Processes
    • Enabling Insurance Business Processes
    • Regulatory Compliance and Tax Environments
    • Intellectual Property-Solutions and Solution Accelerators[clarification needed]
    • Value Added Services[38]
  • Travel Transportation and Logistics
    • Airlines and Travel Distribution
    • Airports
    • Surface Transport
    • BPO
    • Integrated BPO[38]
  • Retail Distribution
    • e-Business
    • e-Procurement
    • SAP retail[38]

[edit] NIIT's key initiatives

NIIT Institute of financial banking (IFBI), formed with equatity participation with ICICI Bank, which offers programs to develop talent in banking industry.[39]

Later NIIT offer Turkey integration program for schools and cater computer base training to over 5000 government schools.

NIIT's corporate learning solutions, it offers corporate learning solution to Fortune 500 companies, Universities, technological companies, training corporation and publishing companies.

NIIT Imperia collaborated with KPMG India to cater advanced certified program upon International Financial Reporting Standards (IFRS). This program is generally obtained within six week and is meant to assist companies from Indian General Accepted Accounting Principals to IFRS.[40]

[edit] Global training centers

[edit] Indian training centers

NIIT has training and educational centers in the following Indian states: Andhra Pradesh, Assam, Bihar, Chandigarh, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Nagaland, Orissa, Pondicherry, Tellicherry, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal.tripura[41]

[edit] Global Units

[edit] See also

Portal icon Information technology portal
Portal icon Computer science portal
Portal icon Companies portal

[edit] Notes and references

  1. ^ "IT Services provided by NIIT". 2009-07-18. http://www.niit-tech.com/services.aspx?path=5. Retrieved 2009-07-18. [dead link]
  2. ^ a b c "2010 Form 10-K, NIIT Limited". Hoover's. http://www.hoovers.com/company/NIIT_Limited/rrthkif-1-1njea5.html. 
  3. ^ TOI Website: [1] (URL last accessed on July 14, 2009)
  4. ^ {{cite news | url = http://niit.com/aboutniit/Pages/ManagementTeam%E2%80%93Founders.aspx | title = Management Team – Founders and Their History | publisher = NIIT | date = June 28, 2006
  5. ^ TOI website: [2] (URL last accessed on July 14, 2009)
  6. ^ "NIIT acquired US-Based company Element K". The Economic Times. June 28, 2006. http://economictimes.indiatimes.com/articleshow/1820821.cms. Retrieved 2007-10-16. 
  7. ^ Economic Times"NIIT sells Element K to SkillSoft for $110 million". The Economic Times. October 17, 2011. http://articles.economictimes.indiatimes.com/2011-10-17/news/30290101_1_niit-ceo-vijay-thadani-skillsoft-corporation-mts. Retrieved 2012-01-13. 
  8. ^ http://www.moneycontrol.com/competition/niit/comparison/NII
  9. ^ "Academic Alliance". MMBL Cyber skills. June 30, 2009. http://cyberskills.lk/partnerships/academic-alliances#more-9. Retrieved 2007-10-16. 
  10. ^ "Schooling for the millions in emerging information economies is the challenge of Rajendra Pawar's renewed NIIT". Forbes. June 30, 2007. http://www.forbes.com/global/2007/1224/028.html. Retrieved 2007-10-16. 
  11. ^ "Federation of Jain Institute". June 30, 2008. http://www.fjei.org/html/pressupdates.asp?id=89. Retrieved 2007-10-16. [dead link]
  12. ^ "NIIT Campus about most popular GNIIT program". June 30, 2008. http://www.niitatcampus.com/info/NIIT_Advantage.aspx. Retrieved 2007-10-16. 
  13. ^ "Received ISO". NIIT. June 30, 2008. http://www.niit.com/SERVICES/SOLUTIONFORCORPORATES/TRAINING%20OUTSOURCING/Pages/Quality.aspx. Retrieved 2007-10-16. 
  14. ^ "NIIT ties-up with Chinese Government". Rediff on the net. June 30, 2008. http://www.rediff.com/computer/jun/19niit.htm. Retrieved 2007-10-16. 
  15. ^ "NIIT enters Malaysian 'Multimedia Super Corridor'". Rediff on the Net. June 30, 2008. http://www.rediff.com/computer/sep/02niit.htm. Retrieved 2007-10-16. 
  16. ^ "NIIT's scholarship offers scope for the economically challenged". The Financial Express. September 29, 1997. http://www.expressindia.com/news/fe/daily/19970929/27255393.html. Retrieved 2007-10-16. 
  17. ^ "NIIT builds defence software for Singapore". Rediff on the net. November 20, 1997. http://www.rediff.com/computer/nov/20singap.htm. Retrieved 2007-10-16. 
  18. ^ "NIIT's global revenues up 36 per cent to Rs 8.8 billion". Rediff on the Net. October 16, 1998. http://www.rediff.com/computer/1999/oct/16niit.htm. Retrieved 2007-10-16. 
  19. ^ "http://www.thehindubusinessline.com/2000/03/08/stories/150839i2.htm". The Hindu Business Line. March 8, 2000. http://en.wikipedia.org/wiki/List_of_newspapers_in_the_World_by_circulation. Retrieved 2007-10-16. 
  20. ^ "NIIT teams up with Sun for iForce initiative". The Hindu Business Line. June 16, 2000. http://www.hindu.com/businessline/2000/06/16/stories/1416395s.htm. Retrieved 2007-10-16. 
  21. ^ "NIIT bags order from Macmillan". Rediff.com. June 30, 2000. http://www.rediff.com/money/2000/aug/17niit.htm. Retrieved 2007-10-16. 
  22. ^ "Citibank, IFC, NIIT team up for student loans". Indian Express Newspaper. February 24, 2001. http://www.expressindia.com/news/fe/daily/20010224/efe23003.html. Retrieved 2007-10-16. 
  23. ^ "Award for NIIT". The Hindu. June 6, 2001. http://www.hindu.com/2001/06/06/stories/0606000d.htm. Retrieved 2007-10-16. 
  24. ^ "M&M, NIIT out; Hero Honda, HCL in". The Hindu. November 25, 2001. http://www.thehindubusinessline.com/2001/11/25/stories/02251895.htm. Retrieved 2007-10-16. 
  25. ^ "NIIT, US Co. tie up for four-yr degree course". ExpressIndia.com. June 30, 2008. http://www.expressindia.com/news/fullstory.php?newsid=13433. Retrieved 2007-10-16. 
  26. ^ "NIIT to set up 15 centres in China". Rediff News. June 30, 2008. http://www.rediff.com/money/2003/jul/01niit.htm. Retrieved 2007-10-16. 
  27. ^ "NIIT set for GIS global launch". techtree.com. February 5, 2004. http://www.techtree.com/India/News/NIIT_set_for_GIS_global_launch/551-51098-547.html. Retrieved 2007-10-16. 
  28. ^ "Intel, NIIT to boost tech learning". Rediff News. November 22, 2004. http://in.rediff.com/money/2004/nov/22intel.htm. Retrieved 2007-10-16. 
  29. ^ "NIIT Tech, SAP tie up for government services". The Times of India. February 9, 2005. http://timesofindia.indiatimes.com/articleshow/1016230.cms. Retrieved 2007-10-16. 
  30. ^ "NIIT to train techies on Intel platform — Programme to be rolled out later in Asia-Pacific". Business Line. August 19, 2005. http://www.thehindubusinessline.com/2005/08/19/stories/2005081901780400.htm. Retrieved 2007-10-16. 
  31. ^ "Java green: NIIT, Sun join forces for training programs". Access my Library. May 31, 2006. http://www.accessmylibrary.com/article-1G1-146521739/java-green-niit-sun.html. Retrieved 2007-10-16. 
  32. ^ "NIIT enters management education". The Economic Times. September 16, 2006. http://economictimes.indiatimes.com/News/News_By_Company/N_Companies_/NIIT/NIIT_enters_management_education/articleshow/1984895.cms. Retrieved 2007-10-16. 
  33. ^ "NIIT partners Singapore co, bags Govt deal". Business Line. October 5, 2006. http://www.thehindubusinessline.com/2006/10/05/stories/2006100502050400.htm. Retrieved 2007-10-16. 
  34. ^ "NIIT ties up with Infospectrum for research solutions". Sify Business. June 24, 2008. http://sify.com/finance/fullstory.php?id=14701578. Retrieved 2007-10-16. 
  35. ^ "NIIT takes over Evolv". Business Standard. January 15, 2008. http://www.business-standard.com/india/news/niit-signs-deal-to-buy-48-stake-in-evolv/32473/on. Retrieved 2007-10-16. 
  36. ^ "NIIT University Campus, a breakthrough innovation". The Economic Times. April 5, 2009. http://economictimes.indiatimes.com/Features/The-Sunday-ET/NIIT-University-Campus-a-breakthrough-innnovation-/articleshow/4360261.cms. Retrieved 2007-10-16. 
  37. ^ "NIIT honoured as the most Influential IT Training Brand in China". Equity Bulls. September 30, 2009. http://www.equitybulls.com/admin/news2006/news_det.asp?id=60946. Retrieved 2007-10-16. 
  38. ^ a b c d "NIIT Technologies Industry Solutions" (aspx). NIIT Technologies. http://www.niit-tech.com/industry.aspx?path=4. Retrieved 1 October 2005. [dead link]
  39. ^ "IFBI career". India Study Channel. March 25, 2000. http://www.indiastudychannel.com/resources/84441-IFBI-career-oriented-programs-now-come-with-NIIT-s-Bhavishya-Jyoti-scholarship.aspx. Retrieved 2009-04-12. 
  40. ^ "KPMG and NIIT Imperia collaborate to launch Advanced Certificate Program on IFRS". Press Released. November 5, 2009. http://press-releases.techwhack.com/42626-niit-imperia. Retrieved 2007-10-16. 
  41. ^ Sun_India Website: [3] (URL last accessed on July 14, 2009)
  42. ^ TOI website: [4] (URL last accessed on July 14, 2009)

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