NIIT: Difference between revisions

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{{short description|Indian corporation}}
{{short description|Indian corporation}}
{{For|the federal income tax in the United States|Affordable Care Act tax provisions#Net investment income tax}}
{{About||the federal income tax in the United States|Affordable Care Act tax provisions#Net investment income tax|the Estonian language surname|Niit (surname)}}
{{For|the Estonian language surname|Niit (surname)}}
 
{{multiple issues|
{{multiple issues|
{{tone|date=April 2016}}
{{tone|date=April 2016}}
{{more citations needed|date=April 2016}}
{{more citations needed|date=April 2016}}
{{prose|date=April 2016}}
{{advert|date=July 2017}}
}}
}}
{{Use Indian English|date=June 2015}}  
{{Use Indian English|date=June 2015}}  
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| traded_as = {{BSE|500304}}<br />{{NSE|NIITLTD}}
| traded_as = {{BSE|500304}}<br />{{NSE|NIITLTD}}
| founder = [[Rajendra S. Pawar]]<br />[[Vijay K. Thadani]]
| founder = [[Rajendra S. Pawar]]<br />[[Vijay K. Thadani]]
| key_people = Rajendra Singh Pawar (Chairman)<br /> Vijay Kumar Thadani (Vice Chairman and Managing Director)<ref>{{cite web|title=Niit Ltd|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=2447323&ticker=1514047|website=Bloomberg|publisher=Bloomberg Business|access-date=8 July 2015}}</ref><br/> Sapnesh Lalla (CEO)<ref>{{cite news|title=NIIT appoints Sapnesh Lalla as next CEO|url=http://www.niit.com/india/training/newsroom/Pages/press-rel.aspx?ID=634|access-date=1 August 2017|publisher=NIIT|date=1 August 2017}}</ref>
| key_people = Rajendra Singh Pawar (Chairman)<br /> Vijay Kumar Thadani (Vice Chairman and MD)<ref>{{cite web|title=Niit Ltd|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=2447323&ticker=1514047|website=Bloomberg|publisher=Bloomberg Business|access-date=8 July 2015}}</ref><br/> Sapnesh Lalla (CEO)<ref>{{cite news|title=NIIT appoints Sapnesh Lalla as next CEO|url=http://www.niit.com/india/training/newsroom/Pages/press-rel.aspx?ID=634|access-date=1 August 2017|publisher=NIIT|date=1 August 2017}}</ref>
| industry = Education
| industry = [[Higher education]]
| services = Skills & Talent Development
| genre = [[Institute of technology]]
| revenue = {{INRConvert|889.2|c}} (FY 2020)
| services = [[Training and development|Skills and Talent development]] 
| num_employees = 2600 (FY 2020)
| revenue = {{Increase}} {{INRConvert|1038|c}} (2021)<ref name=pnl>{{Cite web|title=Infosys Consolidated Profit & Loss account, Infosys Financial Statement & Accounts|url=https://www.moneycontrol.com/india/stockpricequote/computerssoftwaretraining/niit/NII|access-date=14 May 2021|website=moneycontrol.com|language=en}}</ref>
| foundation = 1981
| net_income = {{Decrease}} {{INRConvert|160|c}} (2021)<ref name=pnl/>
| num_employees = 2,600 (2020)
| foundation = {{Start date and age|1981}}
| location = [[Gurgaon, India|Gurugram, India]]
| location = [[Gurgaon, India|Gurugram, India]]
| website = {{URL|niit.com}}
| website =  
}}
}}
The '''National Institute of Information Technology''' ('''NIIT''') is a skills and talent development corporation building a manpower pool for global industry requirements. The company was set up in 1981 to help the nascent IT industry overcome its human resource challenges. ''NIIT'' offers training and development solutions to individuals, enterprises and institutions.
[[File:NIIT_40_years_Logo.png|thumb|right|NIIT 40 Years Logo]]
'''NIIT Limited''' is an Indian [[Multinational corporation|multinational]] [[Training and development|skills and talent development]] corporation headquartered in [[Gurgaon, India]]. The company was set up in 1981 to help the nascent IT industry overcome its human resource challenges. ''NIIT'' offers training and development to individuals, enterprises and institutions.


== History ==
== History ==
Line 33: Line 34:
In 1986, NIIT began its foray into the software domain, beginning with Software Product Distribution under the 'Insoft' brand.<ref>{{cite web|title=NIIT|url=http://www.globalrecorder.com/articles/inventions-and-discoveries/institutions/computer-education/niit|website=Global Recorder|publisher=Global Recorder|access-date=10 September 2015}}</ref> 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 1986, NIIT began its foray into the software domain, beginning with Software Product Distribution under the 'Insoft' brand.<ref>{{cite web|title=NIIT|url=http://www.globalrecorder.com/articles/inventions-and-discoveries/institutions/computer-education/niit|website=Global Recorder|publisher=Global Recorder|access-date=10 September 2015}}</ref> 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.<ref>{{cite web|title=NIIT Institute for Hardware and Networking Courses|url=http://www.edumilestones.com/inscourse-institute-NIIT-Institute-for-Hardware-and-Networking-Courses-304|website=Edu Milestones|access-date=10 September 2015}}</ref> Another initiative launched by NIIT, was its Bhavishya Jyoti Scholarships program, launched in 1991,<ref>{{cite news|title=NIIT Announces 25th Bhavishya Jyoti Scholarship – India's Most Significant IT & New-Age Careers Scholarship Program|url=http://www.prnewswire.co.in/news-releases/niit-announces-25th-bhavishya-jyoti-scholarship---indias-most-significant-it--new-age-careers-scholarship-program-525309481.html|access-date=10 September 2015|agency=PR Newswire|date=7 September 2015}}</ref> which was targeted at deserving and socially challenged students with an aim to improve their skills and employability quotient.
In 1988, NIIT introduced many marketing and advertising strategies for the Indian market including the 'Computer drome' in 1990.<ref>{{cite web|title=NIIT Institute for Hardware and Networking Courses|url=http://www.edumilestones.com/inscourse-institute-NIIT-Institute-for-Hardware-and-Networking-Courses-304|website=Edu Milestones|access-date=10 September 2015}}</ref> Another initiative launched by NIIT, was its Bhavishya Jyoti Scholarships program, launched in 1991,<ref>{{cite news|title=NIIT Announces 25th Bhavishya Jyoti Scholarship – India's Most Significant IT & New-Age Careers Scholarship Program|url=http://www.prnewswire.co.in/news-releases/niit-announces-25th-bhavishya-jyoti-scholarship---indias-most-significant-it--new-age-careers-scholarship-program-525309481.html|access-date=10 September 2015|agency=PR Newswire|date=7 September 2015}}</ref> 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.  
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.
By 1993, the NIIT stock began trading on 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 'NetVarsity'. 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.<ref>{{cite web|title=NIIT|url=http://www.superbrandsindia.com/images/brand_pdf/consumer_1st_edition_2004/niit/niit.htm|website=Super Brands India|access-date=10 September 2015}}</ref> 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.
The company earned the epithet, the 'McDonald's of the software business' by Far Eastern Economic Review in September, 2001.<ref>{{cite web|title=NIIT|url=http://www.superbrandsindia.com/images/brand_pdf/consumer_1st_edition_2004/niit/niit.htm|website=Super Brands India|access-date=10 September 2015}}</ref> 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 2003, NIIT launched its MindChampions Academy (MCA) with Viswanathan Anand, five-time former World Chess champion and NIIT Brand Ambassador.  
[[File:NIIT University.jpg|thumb|NIIT University, Neemarana]]
[[File:NIIT University.jpg|thumb|NIIT University, Neemarana]]
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 2004, NIIT sectioned 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 the area of training, NIIT launched its 'Edgeineers' program in 2005, to boost career opportunities for engineering graduates. In 2006, it diversified into various new sectors for training, such as banking, finance and insurance (through IFBI), executive management education (through NIIT Imperia brand), Professional Life Skills training and business process management training (through Evolv and NIIT Uniqua).


In 2009, NIIT University (NU) a not-for-profit University was established, covered under section 2(f) of UGC Act and notified by the Government of Rajasthan.  
In 2009, NIIT University (NU), a not-for-profit University was established, under section 2(f) of UGC Act and notified by the Government of Rajasthan.


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.<ref>{{cite web|title=Industry exalts Govt's Skill India Campaign|url=http://www.indiaeducationreview.com/features/industry-exalts-govt%E2%80%99s-skill-india-campaign/19656|website=India Education Review|access-date=10 September 2015}}</ref>
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.<ref>{{cite web|title=Industry exalts Govt's Skill India Campaign|url=http://www.indiaeducationreview.com/features/industry-exalts-govt%E2%80%99s-skill-india-campaign/19656|website=India Education Review|access-date=10 September 2015}}</ref>
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In May 2019, [[Baring Private Equity Asia]] had acquired controlling stake of NIIT Ltd in [[Coforge|NIIT Technologies]] Ltd.
In May 2019, [[Baring Private Equity Asia]] had acquired controlling stake of NIIT Ltd in [[Coforge|NIIT Technologies]] Ltd.


'''Acquisitions
===Acquisitions===
''' <br>
In 2001, NIIT acquired Osprey Systems,<ref>{{Cite web |date=March 31, 2002 |title=NIIT acquires Osprey for $3 m |url=https://www.ciol.com/niit-acquires-osprey-usd3/ |website=Ciol}}</ref> DEI<ref>{{Cite web |last=IANS |title=NIIT acquires German firm to expand IT services biz |url=https://www.siliconindia.com/shownews/www.siliconindia.com/shownews/niit-acquires-german-firm-to-expand-it-services-biz-nid-17589-cid-2.html |access-date=2022-04-29 |website=siliconindia}}</ref> and Click2learn in the US,<ref>{{Cite web |title=CNN.com - NIIT, Click2learn form alliance - January 23, 2002 |url=http://edition.cnn.com/2002/BUSINESS/asia/01/23/india.niit.biz/index.html |access-date=2022-04-29 |website=edition.cnn.com}}</ref> to establish its e-learning and corporate learning practices in that country.
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, NIIT acquired Element K, a leading provider of learning solutions{{buzzword inline|date=June 2019}} in North America. Subsequently, Element K was sold off in 2012.<ref>{{Cite news |agency=Press Trust of India |date=2011-10-17 |title=NIIT sells Element K to SkillSoft for $110 mn |work=Business Standard India |url=https://www.business-standard.com/article/companies/niit-sells-element-k-to-skillsoft-for-110-mn-111101700090_1.html |access-date=2022-04-29}}</ref>


In 2006, acquired Element K, a leading provider of learning solutions{{buzzword inline|date=June 2019}} in North America. The company was sold off in 2012.
On October 1, 2021 NIIT announced the acquisition of a 70% stake acquisition in RPS Consulting, a Bengaluru based training company.<ref>{{Cite news |title=NIIT acquires 70% stake in RPS Consulting for Rs 82.3 cr |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/niit-acquires-70-stake-in-rps-consulting-for-rs-82-3-cr/articleshow/86686985.cms |access-date=2022-04-29}}</ref>


In 2019, NIIT acquired Whishworks, an [[IT services]] and [[consulting]] company, specialising in [[systems integration]] and [[Big Data]] analytics since 2008.
===Financial controversy===
On June 9, 2022, the [[Securities and Exchange Board of India]] concluded an investigation regarding [[insider trading]] within NIIT Technologies. The investigation verified that insider trading had occurred, as a result of a corporate announcement made on behalf of NIIT on the floor of the [[National Stock Exchange of India]] on March 23, 2015. <ref>{{Cite news |agency=The Economic Times |date=2022-06-09 |title=Sebi bans imposes fine in NIIT Technologies insider trading case |work=Business Standard India |url=https://economictimes.indiatimes.com/markets/stocks/news/sebi-bans-person-from-capital-mkts-imposes-fine-in-niit-technologies-insider-trading-case/articleshow/92107874.cms |access-date=2022-06-15}}</ref>


== NIIT Subsidiaries ==
== NIIT subsidiaries ==


* NIIT (USA), Inc.
* NIIT (USA), Inc.
Line 64: Line 68:
* NIIT China (Shanghai) Limited
* NIIT China (Shanghai) Limited
* NIIT Antilles NV
* NIIT Antilles NV
* NIIT Yuva Jyoti Limited
* NIIT Learning Solutions (Canada) Limited
* NIIT Learning Solutions (Canada) Limited
* Mindchampion Learning Systems Limited
* Learning Universe Private Limited
* Learning Universe Private Limited
* NIIT Institute of Process Excellence Ltd.
* NIIT Institute of Process Excellence Ltd.


== Timeline ==
== Timeline ==
* 1981: NIIT was established by [[Rajendra S. Pawar]] and [[Vijay K. Thadani]] to optimise on the opportunity of booming IT education and training in [[India]]<ref>{{cite news
{{prose|date=April 2016}}
* 1981: NIIT was established by [[Rajendra S. Pawar]] and [[Vijay K. Thadani]] to optimize on the opportunity of booming IT education and training in [[India]]<ref>{{cite news
  | url = http://cyberskills.lk/partnerships/academic-alliances#more-9
  | url = http://cyberskills.lk/partnerships/academic-alliances#more-9
  | title = Academic Alliance
  | title = Academic Alliance
Line 146: Line 149:
}}</ref>
}}</ref>
* 2005: Launch of NIIT IT Aptitude Test (NITAT)
* 2005: Launch of NIIT IT Aptitude Test (NITAT)
* 2006: Launched new businesses called NIIT Litmus which provides testing & assessment services for IT&ITES organizations, [[NIIT Imperia]] which would provide three certificate programmes from [[Indian Institutes of Management]] and IFBI Institute of Finance Banking and Insurance (NIIT IFBI)<ref>{{cite news
* 2006: Launched new businesses called NIIT Litmus which provides testing & assessment services for IT&ITES organizations, [[NIIT Imperia]] which would provide three certificate programs from [[Indian Institutes of Management]] and IFBI - Institute of Finance Banking and Insurance (NIIT IFBI)<ref>{{cite news
  | url = http://economictimes.indiatimes.com/News/News_By_Company/N_Companies_/NIIT/NIIT_enters_management_education/articleshow/1984895.cms
  | url = http://economictimes.indiatimes.com/News/News_By_Company/N_Companies_/NIIT/NIIT_enters_management_education/articleshow/1984895.cms
  | title = NIIT enters management education
  | title = NIIT enters management education
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*In May 2019, [[Baring Private Equity Asia]] had acquired controlling stake of NIIT Ltd in NIIT Technologies Ltd.
*In May 2019, [[Baring Private Equity Asia]] had acquired controlling stake of NIIT Ltd in NIIT Technologies Ltd.


==Business Units==
==Business units==


NIIT has two main lines of business across the globe – Corporate Learning Group and Skills & Careers Business.
NIIT has two main lines of business across the globe – Corporate Learning Group and Skills & Careers Business.
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== See also ==
== See also ==
{{Portal|Companies}}
{{Portal|Companies|Education|India}}  
* [[Education in India]]
* [[Education in India]]
* [[Information technology in India]]
* [[Information technology in India]]
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* [[Professional certification]]
* [[Professional certification]]
* [[Professional certification (computer technology)]]
* [[Professional certification (computer technology)]]
* [[Aptech]]


== Notes and references ==
== References ==  
{{Reflist|colwidth=35em}}
{{Reflist|colwidth=35em}}


== External links ==
== External links ==
* {{Official website|http://www.niit.com/}}
* {{official}}


{{DEFAULTSORT:NIIT}}
{{DEFAULTSORT:NIIT}}

Revision as of 21:01, 20 June 2022


For the federal income tax in the United States, see Affordable Care Act tax provisions § Net investment income tax. For the Estonian language surname, see Niit (surname).

NIIT Limited
Traded asBSE: 500304
NSE: NIITLTD
IndustryHigher education
GenreInstitute of technology
Founded1981; 44 years ago (1981)
Founder(s)Rajendra S. Pawar
Vijay K. Thadani
HeadquartersGurugram, India
Key people
Rajendra Singh Pawar (Chairman)
Vijay Kumar Thadani (Vice Chairman and MD)[1]
Sapnesh Lalla (CEO)[2]
ServicesSkills and Talent development
RevenueIncrease ₹1,038 crore (US$120 million) (2021)[3]
Decrease ₹160 crore (US$18 million) (2021)[3]
Number of employees
2,600 (2020)
File:NIIT 40 years Logo.png
NIIT 40 Years Logo

NIIT Limited is an Indian multinational skills and talent development corporation headquartered in Gurgaon, India. The company was set up in 1981 to help the nascent IT industry overcome its human resource challenges. NIIT offers training and development to individuals, enterprises and institutions.

History

NIIT was established in 1981 by Rajendra S. Pawar and Vijay K. Thadani, graduates from IIT[4] 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.[5] 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 'Computer drome' in 1990.[6] Another initiative launched by NIIT, was its Bhavishya Jyoti Scholarships program, launched in 1991,[7] 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, the NIIT stock began trading on 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 'NetVarsity'. 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.[8] 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.

NIIT University, Neemarana

In 2004, NIIT sectioned 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 2006, it diversified into various new sectors for training, such as banking, finance and insurance (through IFBI), executive management education (through NIIT Imperia brand), Professional Life Skills training and business process management training (through Evolv and NIIT Uniqua).

In 2009, NIIT University (NU), a not-for-profit University was established, under section 2(f) of UGC Act and notified by the Government of Rajasthan.

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.[9]

In May 2019, Baring Private Equity Asia had acquired controlling stake of NIIT Ltd in NIIT Technologies Ltd.

Acquisitions

In 2001, NIIT acquired Osprey Systems,[10] DEI[11] and Click2learn in the US,[12] to establish its e-learning and corporate learning practices in that country.

In 2006, NIIT acquired Element K, a leading provider of learning solutions[buzzword] in North America. Subsequently, Element K was sold off in 2012.[13]

On October 1, 2021 NIIT announced the acquisition of a 70% stake acquisition in RPS Consulting, a Bengaluru based training company.[14]

Financial controversy

On June 9, 2022, the Securities and Exchange Board of India concluded an investigation regarding insider trading within NIIT Technologies. The investigation verified that insider trading had occurred, as a result of a corporate announcement made on behalf of NIIT on the floor of the National Stock Exchange of India on March 23, 2015. [15]

NIIT subsidiaries

  • NIIT (USA), Inc.
  • NIIT Ireland Ltd
  • NIIT Institute of Finance, Banking & Insurance Training Ltd.
  • NIIT China (Shanghai) Limited
  • NIIT Antilles NV
  • NIIT Learning Solutions (Canada) Limited
  • Learning Universe Private Limited
  • NIIT Institute of Process Excellence Ltd.

Timeline

  • 1981: NIIT was established by Rajendra S. Pawar and Vijay K. Thadani to optimize on the opportunity of booming IT education and training in India[16]
  • 1982: Setup educational centres in Mumbai and Chennai;[17] Introduced Multimedia technology in education
  • 1983: Corporate training program introduced
  • 1984: IT consultancy service started
  • 1985: Head Office integrated at New Delhi
  • 1986: Software product distribution started under "Insoft" brand
  • 1987: Conceived Franchising Model of education
  • 1990: Created the Computer drome to provide unlimited computer time to students
  • 1991: First overseas office set up in US; "Bhavishya Jyoti Scholarships" launched for meritorious and socially challenged students
  • 1992: GNIIT program started with professional practice[18]
  • 1993: Received ISO 9001 for software export;[19] Listed on BSE
  • 1995: NIIT tied up with Microsoft to provide education of Microsoft technologies
  • 1996: First overseas education center launched; Launched "NetVarsity", the virtual University; Awarded ISO 9001 for Computer Education
  • 1997: NIIT was the first Indian Company to be assessed at SEI CMM Level 5 for Software Business; Unique distinction puts NIIT into first list of 21st Global companies[20]
  • 1999: Achieved the status of Microsoft's best training partner in Asia; Five time World Champion Viswanathan Anand became NIIT Brand Ambassador; Started Hole-in-the-Wall (HiWEl) experiment for disadvantaged children.
  • 2000: Tied up with Oracle Corporation to provide education on Oracle technologies specially on Oracle Database;[21] Collaborated with Sun Microsystems on "iForce initiatives on computing giant"[22]
  • 2001: Microsoft awarded NIIT the "Best Training Company Award"[23]
  • 2003: Launched NIIT MindChampions Academy with Viswanathan Anand to promote chess in schools.
  • 2004: Global Solutions Business spun off into NIIT Technologies; Industry endorsed GNIIT curriculum was launches; NIIT and Intel signed a deal to use technology-assisted learning in school[24]
  • 2005: Launch of NIIT IT Aptitude Test (NITAT)
  • 2006: Launched new businesses called NIIT Litmus which provides testing & assessment services for IT&ITES organizations, NIIT Imperia which would provide three certificate programs from Indian Institutes of Management and IFBI - Institute of Finance Banking and Insurance (NIIT IFBI)[25][26]
  • 2009: Founded and commenced new "NIIT University" campus in Neemrana, Rajasthan offering more post graduation level courses.[27]
  • 2011: Launch of NIIT Yuva Jyoti Limited (NYJL)- a joint venture between NIIT and NSDC to fuel growth in Skills & Employability for youth across India
  • 2012: Launch of Digital Marketing Program; NIIT received 'Top IT Training Company Award 2012' for the 20th year in succession by Cybermedia publications.
  • 2013: NIIT, NIIT University entered into a MoU with Autodesk to evangelize design as a learning discipline in India; NIIT launched 'Program in Business Analytics'; NIIT launches NIIT Cloud Campus: A pioneering initiative undertaken to help take high quality educational programs to the remotest corners of the country; NIIT enters Test Preparation Market with CTET Coaching[28]
  • 2014: NIIT launches its new persona based website www.niit.com
  • 2015: Internet and Mobile Association of India (IAMAI) recognizes NIIT as the "Best Educational Website"; NIIT enters into MoU with Guian New Area, China
  • 2016: Launch of Training.com to offer online training
  • 2017: Sapnesh Lalla takes charge as the CEO of NIIT Ltd.
  • In May 2019, Baring Private Equity Asia had acquired controlling stake of NIIT Ltd in NIIT Technologies Ltd.

Business units

NIIT has two main lines of business across the globe – Corporate Learning Group and Skills & Careers Business.

NIIT's Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania. The Skills & Careers Business (SNC) delivers a diverse range of learning and talent development programs to millions of individual and corporate learners in areas including Digital Transformation, Banking, Finance & Insurance, Retail Sales Enablement, Digital Media Marketing, and new-age IT. NIIT has incubated, StackRoute, as a digital transformation partner for corporates to build multi-skilled full stack developers at scale.

See also

References

  1. ↑ "Niit Ltd". Bloomberg. Bloomberg Business. Retrieved 8 July 2015.
  2. ↑ "NIIT appoints Sapnesh Lalla as next CEO". NIIT. 1 August 2017. Retrieved 1 August 2017.
  3. ↑ 3.0 3.1 "Infosys Consolidated Profit & Loss account, Infosys Financial Statement & Accounts". moneycontrol.com. Retrieved 14 May 2021.
  4. ↑ "NIIT pioneered IT education in India". The Economic Times. The Economic Times. 18 November 2011. Retrieved 10 September 2015.
  5. ↑ "NIIT". Global Recorder. Global Recorder. Retrieved 10 September 2015.
  6. ↑ "NIIT Institute for Hardware and Networking Courses". Edu Milestones. Retrieved 10 September 2015.
  7. ↑ "NIIT Announces 25th Bhavishya Jyoti Scholarship – India's Most Significant IT & New-Age Careers Scholarship Program". PR Newswire. 7 September 2015. Retrieved 10 September 2015.
  8. ↑ "NIIT". Super Brands India. Retrieved 10 September 2015.
  9. ↑ "Industry exalts Govt's Skill India Campaign". India Education Review. Retrieved 10 September 2015.
  10. ↑ "NIIT acquires Osprey for $3 m". Ciol. 31 March 2002.
  11. ↑ IANS. "NIIT acquires German firm to expand IT services biz". siliconindia. Retrieved 29 April 2022.
  12. ↑ "CNN.com - NIIT, Click2learn form alliance - January 23, 2002". edition.cnn.com. Retrieved 29 April 2022.
  13. ↑ "NIIT sells Element K to SkillSoft for $110 mn". Business Standard India. Press Trust of India. 17 October 2011. Retrieved 29 April 2022.
  14. ↑ "NIIT acquires 70% stake in RPS Consulting for Rs 82.3 cr". The Economic Times. Retrieved 29 April 2022.
  15. ↑ "Sebi bans imposes fine in NIIT Technologies insider trading case". Business Standard India. The Economic Times. 9 June 2022. Retrieved 15 June 2022.
  16. ↑ "Academic Alliance". MMBL Cyber skills. 30 June 2009. Retrieved 16 October 2007.
  17. ↑ "Schooling for the millions in emerging information economies is the challenge of Rajendra Pawar's renewed NIIT". Forbes. 30 June 2007. Retrieved 16 October 2007.
  18. ↑ "NIIT Campus about most popular GNIIT program". 30 June 2008. Retrieved 16 October 2007.
  19. ↑ "Received ISO". NIIT. 30 June 2008. Retrieved 16 October 2007.
  20. ↑ "NIIT builds defence software for Singapore". Rediff on the net. 20 November 1997. Retrieved 16 October 2007.
  21. ↑ "IT briefs: Oracle, NIIT forge alliance". The Hindu Business Line. 8 March 2000.
  22. ↑ "NIIT teams up with Sun for iForce initiative". The Hindu Business Line. 16 June 2000. Retrieved 16 October 2007.
  23. ↑ "Award for NIIT". The Hindu. 6 June 2001. Archived from the original on 9 November 2012. Retrieved 16 October 2007.
  24. ↑ "Intel, NIIT to boost tech learning". Rediff News. 22 November 2004. Retrieved 16 October 2007.
  25. ↑ "NIIT enters management education". The Economic Times. 16 September 2006. Retrieved 16 October 2007.
  26. ↑ "NIIT ties up with Infospectrum for research solutions". Sify Business. 24 June 2008. Archived from the original on 29 October 2014. Retrieved 16 October 2007.
  27. ↑ "NIIT University Campus, a breakthrough innovation". The Economic Times. 5 April 2009. Retrieved 16 October 2007.
  28. ↑ "NIIT enters Test Preparation Market with CTET Coaching". PR Log. 30 October 2013. Retrieved 30 October 2013.

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