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NIIT Limited
Company typePublic
BSE: 500304
NSE: NIITLTD
IndustryTraining & Education in Information Technology
IT services
Founded1981
FounderRajendra S. Pawar
Vijay K. Thadani
HeadquartersGurgaon, India
NIIT Technologies in New Delhi, India
Key people
Rajendra S. Pawar
(Chairman & MD)
Vijay K. Thadani
(CEO)
ServicesBPO,
Application Development Management,
Managed Service,
Package Implementation,
Platform Based Services[1]
RevenueIncrease $224.1 million (FY 2009)[2]
Number of employees
3,641 (2009)[2]
SubsidiariesNIIT SofTec
NIIT ROOM Solutions
Element K
Evolv
WebsiteNIIT.com

NIIT Limited (BSE: 500304) is a global education oriented company focusing on imparting computer knowledge among its students.it is also established big library at each campus.The company is listed on the National Stock Exchange and Bombay Stock Exchange of India. The company provides global learning solutions 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]

History

NIIT was established in the year 1981 by Rajendra S. Pawar and Vijay K. Thadani. In early 1981, on the campus of Indian Institute of Technology, Delhi, India students Rajendra S. Pawar and Vijay K. Thadani found themselves sharing the same dorm room. After graduating from IIT, Pawar and Thadani developed NIIT.[4] During 1982 it set up educational centers in Mumbai, Delhi; later it spread to southern part of India, especially Bangalore. In the following years it began corporate training programs. It is ranked among top 20 IT training institutions and graded among India's most trusted service brands.[5]

NIIT Limited

NIIT Limited education centers are found in over 40 countries and provide both classroom and on-line learning solution. NIIT Limited is one of Asia's largest IT training institutions, with more than 100 educational centers set up in China and other parts of Asia-Pacific region.[6] NIIT and its subsidiaries annual revenue of $224.1 million as of 2009.[7]

NIIT Technologies

NIIT Technologies Limited is an information technology (IT) solutions organization servicing customers in North America, Europe, Asia and Australia headquartered at New Delhi, India. The company focuses on customers in the banking, financial services and insurance, travel transportation and logistics, and retail and distribution sectors, offering services in application development and management, enterprise solutions and managed services. It also offers business process outsourcing and geographic information system (GIS) solutions through its subsidiaries. The Company’s service offerings include application development and management, package implementation, managed services, platform based services, business process outsourcing, GIS and cloud computing. It was established in 2004 when it split with NIIT Limited. According to NASSCOM NIIT technologies is ranked among India's top 20 IT software service exporter. It follows global standards of development, which includes ISO 9001:2000 certification, assessment at Level 5 of both SEI-CMMi version 1.2 and People-CMM frameworks and ISO 27001 information security management certification. Its data center operations are assessed at the international ISO 20000 IT management standards.[8] NIIT Technologies has alliance with global IT companies such as Computer Associates, IBM, Microsoft, Metalogic, SAP AG, Cisco Systems and Oracle Corporation. At present NIIT Technologies is involved in four sectors: legacy modernization and maintenance, knowledge management solution, customized SW solution and enterprise integration

Acquisitions
  • It has acquired German based company Softech, which serves small and medium airlines operations.
  • NIIT Technologies also acquired UK-based company ROOM Solution late in 2006-2007.[9]
  • In 2006, it acquired US-based learning solution provider Element K.[10]

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]

Complaints

There has been several complaints regarding the company by its students in respect of the teaching quality and faculty of its franchisee.Some commonly include non-issuance of certificates,sub-standard services,unethical practices for profit and even harassment.

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.[11]

Timeline

  • 1981: NIIT was established by Rajendra S. Pawar and Vijay K. Thadani to cater IT education and training in India[12]
  • 1982: Setup educational centers in Mumbai and Chennai[13]
  • 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 [14]
  • 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[15]
  • 1993: Received ISO 9001 for software export [16]
  • 1993: International Revenue touched Rs 50 million
  • 1993: It becomes listed company and launched a successful IPO
  • 1995: Microsoft became partner with NIIT 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[17]
  • 1997: It is the second Indian company after HCL Technologies that have granted special status in Malaysia Multimedia Super Corridor [18]
  • 1997: NIIT stated scholarship for economically under challenged children[19]
  • 1997: Unique distinction puts NIIT into first list of 21st Global companies[20]
  • 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 [21]
  • 2000: Education centers crosses 2000 mark
  • 2000: Oracle Corporation became exclusive partner with NIIT Ltd to provide education on Oracle technologies specially on Oracle Database [22]
  • 2000: NIIT invested on OneWeb System an US base company
  • 2000: NIIT ltd collaborated with Sun Microsystems on "iForce initiatives on computing giant" [23]
  • 2000: NIIT built knowledge products for Macmillan US$10.6 Million [24]
  • 2001: NIIT ties-up with Citibank and International Finance Corporation to provide student loans for middle class and lower middle class families[25]
  • 2001: Microsoft awarded NIIT the "Best Training Company Award"[26]
  • 2001: NIIT and Mahindra & Mahindra Limited were out of Bombay Stock Exchange, instead Hero Honda and HCL Technologies came in[27]
  • 2002: NIIT Ltd. ties up with US based ITT Educational Service to offer four years Bachelor's degree to Indian students[28]
  • 2002: It opened 15 new Information technology training centers in China which would cater high-ebd training[29]
  • 2004: NIIT Technologies started offering Geographic Information Systems (GIS) to its clients[30]
  • 2004: NIIT and worlds largest chip maker Intel signed a deal to use technology-assisted learning in school[31]
  • 2005: German based software company SAP AG and NIIT Technologies tied up to implement software projects for government and public sectors[32]
  • 2005: Intel and NIIT ltd join together to train software professional on Intel architecture[33]
  • 2006: Sun Microsystems ties up NIIT to provide specialized training for students in programming platform such as Java and Solaris[34]
  • 2006: Launched of new institute called NIIT Imperia which would provide three certificate programmes from Indian Institutes of Management[35]
  • 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 [36]
  • 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[37]
  • 2008: NIIT acquired stake in Evolv Services Ltd., a Leading English Communication, Soft skills, Training and Assessment Company in India.[38]
  • 2009: In 2009 NIIT started new "NIIT University" http://www.niituniversity.in/ campus in Neemrana, Rajasthan offering more post graduation level courses.[39]
  • 2009: Chinese Society of Educational Development Strategy (CSEDS) awarded NIIT Ltd for IT Training Brand in China[40]

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.

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[41]
  • 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
    • Value Added Services[41]
  • Travel Transportation and Logistics
    • Airlines and Travel Distribution
    • Airports
    • Surface Transport
    • BPO
    • Integrated BPO[41]
  • Retail Distribution
    • e-Business
    • e-Procurement
    • SAP retail[41]

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.[42]

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.

Element K delivers learning solutions for customers and partners through a tailored solution through catalog learning products, technology and services. It offers Virtual lab (hand-on-labs), instructor led course ware, comprehensive journals and e-libraries.[43]

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.[44]

Global training centers

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.[45]

Global Units

See also

Notes and references

  1. ^ "IT Services provided by NIIT". 2009-07-18. Retrieved 2009-07-18. [dead link]
  2. ^ a b c "2010 Form 10-K, NIIT Limited". Hoover's.
  3. ^ TOI Website: [1] (URL last accessed on July 14, 2009)
  4. ^ "Management Team – Founders and Their History". NIIT. June 28, 2006. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  5. ^ Media Released May 26, 2009 Website: [2] (URL last accessed on July 18, 2009)
  6. ^ Website: [3] (URL last accessed on August 5, 2009)
  7. ^ "NIIT Limited and its subsidiaries Fiscal Year 2009 Earnings" (PDF). NIIT Limited. 2009-07-27. Retrieved 2009-07-27.
  8. ^ Media Released May 26, 2009 Website: [4] (URL last accessed on July 14, 2009)
  9. ^ TOI website: [5] (URL last accessed on July 14, 2009)
  10. ^ "NIIT acquired US-Based company Element K". The Economic Times. June 28, 2006. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  11. ^ http://www.moneycontrol.com/competition/niit/comparison/NII
  12. ^ "Academic Alliance". MMBL Cyber skills. June 30, 2009. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  13. ^ "Schooling for the millions in emerging information economies is the challenge of Rajendra Pawar's renewed NIIT". Forbes. June 30, 2007. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  14. ^ "Federation of Jain Institute". June 30, 2008. Retrieved 2007-10-16. [dead link]
  15. ^ "NIIT Campus about most popular GNIIT program". June 30, 2008. Retrieved 2007-10-16.
  16. ^ "Received ISO". NIIT. June 30, 2008. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  17. ^ "NIIT ties-up with Chinese Government". Rediff on the net. June 30, 2008. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  18. ^ "NIIT enters Malaysian 'Multimedia Super Corridor'". Rediff on the Net. June 30, 2008. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  19. ^ "NIIT's scholarship offers scope for the economically challenged". The Financial Express. September 29, 1997. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  20. ^ "NIIT builds defence software for Singapore". Rediff on the net. November 20, 1997. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  21. ^ "NIIT's global revenues up 36 per cent to Rs 8.8 billion". Rediff on the Net. October 16, 1998. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  22. ^ "http://www.thehindubusinessline.com/2000/03/08/stories/150839i2.htm". The Hindu Business Line. March 8, 2000. Retrieved 2007-10-16. {{cite news}}: External link in |title= (help); Italic or bold markup not allowed in: |publisher= (help)
  23. ^ "NIIT teams up with Sun for iForce initiative". The Hindu Business Line. June 16, 2000. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  24. ^ "NIIT bags order from Macmillan". Rediff.com. June 30, 2000. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  25. ^ "Citibank, IFC, NIIT team up for student loans". Indian Express Newspaper. February 24, 2001. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  26. ^ "Award for NIIT". The Hindu. June 6, 2001. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  27. ^ "M&M, NIIT out; Hero Honda, HCL in". The Hindu. November 25, 2001. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  28. ^ "NIIT, US Co. tie up for four-yr degree course". ExpressIndia.com. June 30, 2008. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  29. ^ "NIIT to set up 15 centres in China". Rediff News. June 30, 2008. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  30. ^ "NIIT set for GIS global launch". techtree.com. February 5, 2004. Retrieved 2007-10-16.
  31. ^ "Intel, NIIT to boost tech learning". Rediff News. November 22, 2004. Retrieved 2007-10-16.
  32. ^ "NIIT Tech, SAP tie up for government services". The Times of India. February 9, 2005. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  33. ^ "NIIT to train techies on Intel platform — Programme to be rolled out later in Asia-Pacific". Business Line. August 19, 2005. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  34. ^ "Java green: NIIT, Sun join forces for training programs". Access my Library. May 31, 2006. Retrieved 2007-10-16.
  35. ^ "NIIT enters management education". The Economic Times. September 16, 2006. Retrieved 2007-10-16. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  36. ^ "NIIT partners Singapore co, bags Govt deal". Business Line. October 5, 2006. Retrieved 2007-10-16.
  37. ^ "NIIT ties up with Infospectrum for research solutions". Sify Business. June 24, 2008. Retrieved 2007-10-16.
  38. ^ "NIIT takes over Evolv". Business Standard. January 15, 2008. Retrieved 2007-10-16.
  39. ^ "NIIT University Campus, a breakthrough innovation". The Economic Times. April 5, 2009. Retrieved 2007-10-16.
  40. ^ "NIIT honoured as the most Influential IT Training Brand in China". Equity Bulls. September 30, 2009. Retrieved 2007-10-16.
  41. ^ a b c d "NIIT Technologies Industry Solutions" (aspx). NIIT Technologies. Retrieved 1 October 2005. [dead link]
  42. ^ "IFBI career". India Study Channel. March 25, 2000. Retrieved 2009-04-12.
  43. ^ "NIIT accuals Element K". Business Publications. March 25, 2000. Retrieved 2009-04-12.
  44. ^ "[[KPMG]] and [[NIIT Imperia]] collaborate to launch Advanced Certificate Program on IFRS". Press Released. November 5, 2009. Retrieved 2007-10-16. {{cite news}}: URL–wikilink conflict (help)
  45. ^ Sun_India Website: [6] (URL last accessed on July 14, 2009)
  46. ^ TOI website: [7] (URL last accessed on July 14, 2009)
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