NIIT

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NIIT Limited
Company type Public
BSE:  500304
NSE:  NIITLTD
Industry Higher education
Genre Institute of technology
Founded1981;43 years ago (1981)
Founder Rajendra S. Pawar
Vijay K. Thadani
Headquarters Gurugram, India
Key people
Rajendra Singh Pawar (Chairman)
Vijay Kumar Thadani (Vice Chairman and MD) [1]
Sapnesh Lalla (CEO) [2]
Services Skills and Talent development
RevenueIncrease2.svg1,038 crore (US$130 million) (2021) [3]
Decrease2.svg160 crore (US$20 million) (2021) [3]
Number of employees
22,000 (2022) [4]
Website niit.com
NIIT 40 Years Logo NIIT 40 years Logo.png
NIIT 40 Years Logo

NIIT Limited (National Institute of Information Technology) 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.

Contents

History

NIIT was established in 1981 by Rajendra S. Pawar and Vijay K. Thadani, graduates from IIT [5] 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. [6] 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. [7] 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, 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 NIIT University.jpg
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.

In August 2020, NIIT Technologies Ltd. rebranded itself and began operating under the name Coforge Limited. [10]

Acquisitions

In 2001, NIIT acquired Osprey Systems, [11] DEI 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 provider of learning solutions 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

Timeline

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

Related Research Articles

Minimally invasive education (MIE) is a form of learning in which children operate in unsupervised environments. The methodology arose from an experiment done by Sugata Mitra while at NIIT in 1999, often called The Hole in the Wall, which has since gone on to become a significant project with the formation of Hole in the Wall Education Limited (HiWEL), a cooperative effort between NIIT and the International Finance Corporation, employed in some 300 'learning stations', covering some 300,000 children in India and several African countries.

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Rajendra Singh Pawar is an Indian entrepreneur, chairman and co-founder of NIIT Limited, established in 1981. He also founded NIIT University, a not-for-profit university in Neemrana, Rajasthan, in 2009.

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