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Company type | Public |
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BSE: 500304 NSE: NIITLTD | |
Industry | Higher education |
Founded | 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] Pankaj Jathar (CEO) [2] |
Services | Training and development Vocational education |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 907 (2024) [4] |
Website | niit |
NIIT Limited is an Indian for-profit multinational corporation headquartered in Gurgaon, India, that provides training, development, and vocational education. 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.
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.
The company earned the epithet, the 'McDonald's of the software business' by Far Eastern Economic Review in September, 2001. [6]
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. [7]
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. [8]
In 2001, NIIT acquired Osprey Systems, [9] DEI and Click2learn in the US, [10] 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. [11]
On October 1, 2021 NIIT announced the acquisition of a 70% stake acquisition in RPS Consulting, a Bengaluru based training company. [12]
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. [13]
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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.