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NIIT Limited announces Q1 (April - June 2016) Consolidated Results FY 2016-17 |
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Rahul Patwardhan
Chief Executive Officer,
NIIT Limited |
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| With a 12% YoY revenue increase in Q1, NIIT is firmly back on the growth path, with a strong focus on leading the industry in each of the business verticals that we are engaged in. We aim to play a leadership role in the Digital Learning World, exploiting the exciting new age Digital Technologies that are impacting every industry and every company; and we will do this by preparing as well as re-training a pool of trained professionals armed with Digital Transformation skills to take up challenging assignments in companies & start-ups across the globe. |
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Sapnesh Lalla
Group President, Corporate Learning Group, NIIT Limited |
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| Corporate Learning Group has registered a robust growth of 19% YoY backed by two new contract wins and one major contract extension from our existing MTS customers. I am confident about our continued growth trajectory. |
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Prakash Menon
President, Global Skills and Careers Group, NIIT Ltd |
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| Firmly committed to playing a pioneering role in developing digitally skilled talent for the industry, we have completely transformed our Skills and Careers business. DigiNxt has been very well received by the industry and our students alike, helping us garner a healthy revenue in this quarter and reassuring us that we are on the right track to deliver on the goals we have set for the year. |
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Gavin Dabreo
CEO of MLSL |
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| We see the key need to improve academic outcomes for school going children. As we progress during the year, we shall increasingly focus on this goal with all our products and services. We believe personalised learning is a step in this direction. We shall also soon offer similar products and services online to school going children. |
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Records Revenue at Rs. 260.4 Cr, up 12% YoY, delivering double digit growth after 16 quarters
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EBITDA grows 36% YoY to Rs. 22.2 Cr in Q1 FY 16-17, a substantial increase from Rs. 16.4 Cr EBITDA in Q1 FY15-16
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Corporate Learning Group delivers 19% YoY revenue growth, while profitability remains steady at 12%
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Skills & Careers Group accelerates revenue to 7% YoY and EBITDA% to 4% with a 487 bps rise over Q1 FY15-16
NIIT Limited Q1 (April - June 2016)
Consolidated Financials at a Glance (in Rs. Cr)
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Qtr ended
June 30, 2015
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Qtr ended
June 30, 2016
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Growth
YoY
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Net Revenue |
233.2 |
260.4 |
12% |
| EBITDA |
16.4 |
22.2 |
36% |
| EBITDA% |
7% |
9% |
151 bps |
| Profit After Tax |
15 |
7.4 |
- 7.6 Cr |
NIIT Limited, a global leader in skills and talent development, reported its results for the first quarter ending June 30, 2016. In this quarter, the company recorded a Net Revenue of Rs. 260.4 Cr up 12% over last year, and an EBITDA of Rs. 22.2 Cr up 36% YoY and EBITDA% of 9% up 151 bps over last year. Profit after Tax was recorded at Rs. 7.4 Cr (Vs Rs. 15 Cr for Q1 FY 15-16) primarily on account of impact of exceptional items on profit of associate company.
This quarter reflects that NIIT's YoY revenue has started picking up real momentum, registering a robust growth of 12%, a significant improvement over the more gradual 4%, 5%, 6%, 7% growth increase that was witnessed last year in Q1, Q2, Q3 and Q4 respectively and the first time in 16 quarters to enter double digits. More importantly, the Go-Forward business Q1 growth (excluding government schools and international geographies already exited) was a robust 15% YoY.
The results were taken on record at the meeting of the Board of Directors here today.
With a strong focus on assuming a leadership role in the Digital Learning World and to further accelerate NIIT's growth and profitability, the company has charted a two-pronged business strategy: firstly an Internal Initiative addressing the Digital Transformation of the entire business model of NIIT and secondly an External Initiative which focuses on training and consulting of individual and corporate customers to enable them to prepare successfully for their digital transformation.
Under the Internal Initiative the company in this quarter has initiated multiple platform based services like a Training Analytics portal and a Global Strategic Sourcing portal in the Corporate Learning Group; just launched its multi-modal online retail training portal in the Skills and Careers Group with strategic eco-system partnerships with edX, Microsoft as well as many other technology vendors, academic institutions and experts. Further, it will soon roll-out a unique B2C learning portal in the School Learning Group. In addition, there is a focused program to digitally transform internal processes of the company across all functions & businesses, interactions with its customers, suppliers and employees.
The External Initiative on the other hand focuses on providing training and consulting to individual and corporate customers to help them re-invent themselves & their organisation through Digital Transformation. The key offerings include a new portfolio which aims to groom leaders and managers into Digital Shapers of the future of their companies; StackRoute which focuses on creating Digital Innovators by building an elite breed of Full-stack programmers; DigiNXT which addresses the urgent need to help India's IT Services industry source fresh staff as well as retrain 4 million of their existing staff into Digital Developers with skills in Data Sciences/Analytics, Robotics, Internet of Things, Artificial Intelligence, Cyber Security, and so on; and finally NIIT.tv that aims to create Digital Workers and Digital Citizens by bringing skilling from NIIT classrooms to every digitally connected Indian, for free, at any time and place of their choice to train the masses to evolve their skills and participate productively in the future digital world.
Corporate Learning Group (CLG) recorded net revenue of Rs. 152.3 Cr, up 19% YoY, maintaining a steady operating margin of 12%. This was backed by a strong growth in its MTS (Managed Training Services) offerings, which now contributes 91% of CLG revenues.
During the quarter, NIIT extended and expanded its relationship with some of its MTS customers. NIIT extended its contract with a global Technology major for 3 years; was awarded a contract for outsourcing of Administration and Content Design and Development from one of the world's largest Metals and Mining Corporations; and was awarded a contract for outsourcing of Learning Administration from a global Oil major.
Skills and Careers Group (SNC) recorded net revenue of Rs. 77.3. Cr up 7% YoY during Q1. EBITDA was recorded at Rs 3.4 Cr and EBITDA% stood at 4% up 487 bps over last year.
Revolutionizing the IT training and education landscape once again and re-aligning the focus of the Skills & Career Group to the changing future-skill-set requirements of the industry, NIIT has unveiled DigiNXT to develop a pool of Digital Transformation professionals. Under the DigiNXT portfolio, NIIT is rapidly shifting its retail consumer IT education and training portfolio towards futuristic technologies like Java Enterprise Apps with Dev Ops, Big Data, Robotics, IoT, Virtual Reality, Cyber-Security, Artificial Intelligence and Machine Learning, etc. The company offers pioneering programs to young aspirants who wish to enter the digital services industry, as well as to IT professionals wishing to urgently reskill themselves to remain relevant in the new digital world.
'Java Enterprise Apps with Dev Ops', the first program under Digital Transformation to be launched, is an avant garde program based on student centred pedagogy of project-based learning that encompasses the various aspects of enterprise app development.
MEAN Stack, the second program in Web App Development under the DigiNXT Series was also unveiled during the quarter. The cutting-edge program will use student-centred pedagogy of project-based learning to help them carve successful career in the emerging digital era.
During the quarter, NIIT announced the launch of GNIIT Digital Transformation (DT) - a path-breaking GNIIT program that equips college students to ride the wave of digital transformation - the process of shifting from traditional approach to new ways of working and thinking using digital, social, mobile and emerging technologies.
NIIT's India corporate business continued on its rapid growth path with the company bagging its first MTS deals in the Indian market, with one of the largest telecom services company as well as a leading mobile handset player. The company also entered into two strategic tie-ups – a Pan India deal with a leading automobile company for providing Learning Development and content; and with a telecom company to build customized content and conduct end-to-end on-boarding training. In another significant development in the BFSI sector, NIIT won a large contract with one of the leading Public Sector Banks - United Bank of India.
NIIT entered into a strategic partnership with IIM- Ahmedabad to help deliver management education in the form of e-learning programs in this quarter. As a leading player in educational technology in India, NIIT has been at the forefront of technological & pedagogical innovations in learning, keenly aware of the challenges that the higher education sector is faced with. Through this association with IIMA, NIIT will work towards developing innovative learning models to deliver IIMA's management programs at scale, by providing best-in-class technology based solutions.
NIIT announced the launch of their first interactive live, online course in Digital Marketing. The program offered in association with Digital Marketing Institute (Ireland) was made available online for the first time. Professional Diploma in Digital Marketing (PDDM) – is uniquely designed for current and aspiring marketing professionals, to help them transform into digital marketers of the future. NIIT has already trained more than 1700 students in digital marketing.
During the quarter, NIIT and edX entered into a strategic partnership to redefine the online education space in India. Through this partnership NIIT and edX aim to create high-impact learning experiences for learners by offering next generation Blended Learning MOOC model that provides an engaging and live interactive experience that goes much beyond the core MOOC content.
During the quarter, NIIT.tv - A disruptive innovation by NIIT, entered into a tie up with Hindustan Unilever Ltd. (HUL), to provide skill-based courses on mobiles to 5 million women across India by 2020. NIIT.tv received 'Best online education platform' award at Indian Education Awards 2016.
Strengthening its position in China, NIIT entered into two strategic agreements - with Guiyang Municipal Government and Guizhou Professional College of Electronics in Gui'An New District, to develop a pool of next generation IT professionals in Big Data and Analytics. Through these partnerships NIIT aims to develop the Human Capital in line with China's vision to promote Guizhou province as the hub of Big Data industry in China and the world.
MindChampion Learning Systems Limited (MLSL) registered a net revenue of Rs 30.7 Cr during the quarter, maintaining an Operating margin of 7% up 111 bps YoY.
Other highlights:
- NIIT bagged ASSOCHAM National Brand Summit & Excellence Awards 2016 as the 'Best Innovation Brand' in the Education sector. NIIT has received the coveted award for company's continuous quest to offer path breaking industry-aligned education and training programs
- NIIT was awarded 2016 CLO LearningElite Gold Award. The annual ranking, lists the organizations that outperform the benchmark standard for implementation of learning and development (L&D) best practices for their workforces.
- During the quarter, NIIT has been selected as a 2016 Top 20 Training Outsourcing Company for the ninth year by TrainingIndustry.com.
- NIIT announced that it has been selected as a 2016 Top 20 Content Development Company for the sixth consecutive year by TrainingIndustry.com
- Department of Information Technology, Government of Meghalaya in association with NIIT felicitated students from across Meghalaya who successfully cleared NIIT's cutting-edge certification programs as part of 'Sponsored IT program of Department of Information Technology, Government of Meghalaya', over the last one year.
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Department of Information Technology, Government of Meghalaya and NIIT host Convocation Ceremony for students under the 'Sponsored IT Program' project |
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Prakash Menon
President, Global Skills and Careers Group, NIIT Ltd |
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We are delighted to partner with Department of Information Technology, Government of Meghalaya, to offer career focused training to the youth of Meghalaya. NIIT is committed to offer cutting edge technology and learning solutions to create a pool of IT trained professionals in Meghalaya who will be ready to take on challenging assignments in today's knowledge economy. Continuing the effort to revolutionize the IT space, NIIT is now offering pioneering programmes in Digital Transformation, under the DigiNxt series brand umbrella. |
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504 youth from Meghalaya successfully completed NIIT's employability enhancing IT programs, under 'Sponsored IT program of Department of Information Technology, Govt. of Meghalaya' during the year.
Department of Information Technology, Government of Meghalaya in association with NIIT, felicitated students from across Meghalaya who successfully cleared NIIT's cutting-edge certification programs as part of 'Sponsored IT program of Department of Information Technology, Government of Meghalaya', over the last one year.
The Chief Guest for the Convocation ceremony Shri D.P. Wahlang Commissioner & Secretary, Information & Technology Department, Government of Meghalaya felicitated the students. The function was also graced by Ms. Shakera Roy, GEO Head East & South Networks, General Manager, NIIT Ltd.
Speaking on the occasion Shri D.P. Wahlang Commissioner & Secretary, Information & Technology Department Government of Meghalaya said, "I take this opportunity to congratulate all candidates who have successfully cleared the training program. The training program was conceptualized with the objective to enhance the employability of youth in Meghalaya. With NIIT's proven expertise in training delivery, this initiative will help us to develop industry-ready professionals who will contribute significantly towards the development of IT sector in Meghalaya."
The project is an initiative of Department of Information Technology, Government of Meghalaya, and NIIT to enhance employability of youth in Meghalaya. During the last one year, 504 youth from the state have successfully completed select programs under this project and have been awarded certificates from NIIT.
The students were trained in NIIT's cutting-edge programs such as Diploma in Finance & Accounting; Diploma in Business Systems & Information Management; Diploma in Hardware and Networking,
Program in Managing Interconnected Network Devices and Network Administration and Server Fundamental. Successful and eligible candidates have been placed in leading corporate across India like Educomp, Chilli Breeze Solutions Pvt Ltd, Source.com, Hyundai, Renault, Reliance, Cognizant, Aegis, TCS, Genpact, Infosys, WIPRO, HSBC, Accenture, Airtel, TATA Indicom, HDFC Bank, Bajaj Capital, S.S. Netcom, NEXT Education, RNB Cement, Centre Point, Regetta Farms, and many others
At present, Meghalaya has a state-of-art NIIT centre at Shillong with internationally certified faculty who work towards creating a pool of industry ready professionals in the state. NIIT's selected career development programs also equip students with hands-on professional practice with a year-long internship that gives them an opportunity to work with leading IT organizations. |
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NIIT announces 17th National Scholarship in Nigeria |
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Prakash Menon
President, Global Skills & Careers Group, NIIT Ltd |
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Over the last 17 years NIIT has created a pool of job-ready professionals, for the fast growing IT industry in Nigeria. With our keen understanding of the changing skills requirement of the industry we are now focusing on the Digital Transformation needs of the country. The company will now offer futuristic programs in digiNxt MMS, Big Data, Java Enterprises Apps with Dev-ops and Digital Marketing to create a talent pool armed with futuristic skill-sets aligned to the industry. |
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Sanjay Tickoo
Head of Business Operations, International Education Business – Emerging Markets, NIIT Ltd |
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Since inception, NIIT's National Scholarship Program has enabled thousands of Nigerian students desirous of building successful career in IT Industry. NIIT, a pioneer of IT Training Industry in Nigeria, has impacted over 1.7 million students over the past 17 years, contributing to the overall development of the ICT industry in the country. We look forward to further strengthening this initiative, by empowering many more students in the coming years. We are grateful to students & parents who have continuously bestowed their faith & trust in us and helped us become Africa's largest IT Education Provider. |
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For the first time offers scholarships in futuristic cutting-edge programs in Digital Transformation under digiNxt series
Pioneering programs like digiNxt MMS, Big Data, Java Enterprises Apps with DevOps, Digital Marketing unveiled
Annual Scholarship Test to be held on Saturday, 16th July 2016, across the country
NIIT, announced the 17th National Scholarship in Nigeria, to reward meritorious students desirous of building successful careers in today's knowledge economy. For the first time ever, scholarships will also be offered for futuristic cutting-edge programs in Digital Transformation under digiNxt series. NIIT will now offer scholarships in programs like digiNxt MMS, Big Data, Java Enterprises Apps with DevOps, Digital Marketing apart from Revolutionary MMS and other programs. These programs have been introduced by NIIT with a profound understanding of the changing workforce requirement of the Global and Nigerian IT industry.
The programs will include the following elements:-
digiNxt MMS: This is an Intensive 1- 2½ year program aimed at building talent pool of software engineers aligned to the Digital Transformation requirements of the industry.
digiNxt-Big Data: Big data is high volume, high velocity information to process and enable enhanced decision making. It consists of Hadoop, Zookeeper, Hbase, Hive, Storm Distributed Live Computing and Sqoop.
digiNxt-Java Enterprise Apps with Dev Ops: The program will encompass the various aspects of enterprise app development while enabling a learner to implement these aspects through project-based learning methodology.
digiNxt-Digital Marketing: The program is designed to help the students understand how to plan, implement and manage comprehensive Digital Marketing strategy.
This year the annual scholarship test will be held on Saturday, 16th July 2016, across the country. For more information, students can visit www.niit.com/nigeria.
Today, information technology has changed the way people work and the next ten years will be about transforming the businesses across all industry sectors to embrace the digital era. According to industry experts, digitally transformed organizations are 26% more profitable than their industry competitors. Global spending on digital transformation technologies is expected to cross $2.1 Billion by 2019. By 2018, 35% of IT resources will be spent to support the creation of new digital revenue streams, and by 2020 almost 50% of IT budgets will be tied to digital transformation initiatives.
According to MIT Centre for Digital Business, 77% of organizations consider missing digital skills as the key hurdle to their transformation strategy. Therefore, Global IT Companies are investing heavily in building digital transformation skills to enable their clients transform digitally. As organizations are building talent pool, the most-sought after skill sets include: Product Engineering, Business Analytics, Cloud Technology and Architecture, Mobile Apps, Internet of Things and Machine Learning & Artificial Intelligence. To cater to this need, NIIT has introduced career and diploma programs in Digital Transformation series. According to industry sources, IT industry in Nigeria is estimated to be one of the fastest growing industries in Nigeria in coming years.
NIIT is also launching state-of-the-art program in financial accounting- "Tally.ERP9" in Nigeria. This program is a robust ERP product and a complete business management solution tool.
With an aim to create empowered workforce for the Nigerian IT industry, NIIT offers various other programs to the students in Nigeria. The revolutionary Mastermind series comprises of Software Engineering and Infrastructure Management courses. While the Software Engineering course will expose the student to technologies like Office 2013, Java 7, Visual Studio 2012, SQL Server 2012, ASP.net, MVC 4.5, HTML 5, JQuery, Java Script, the Infrastructure Management course will enable students to learn Office 2013, Windows Server 2012, Microsoft SQL Server 2012 and Microsoft Share Point 2013.
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NIIT announces the launch of the first Interactive Live Online course in Digital Marketing |
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Udai Singh
Chief Strategy Officer,
NIIT Ltd |
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Aligned to NIIT's strategic focus of developing digital skills ready workforce, the PDDM program is uniquely positioned to meet the changing requirements of the industry. Looking at providing convenience to customers, who don't want to waste time traveling to the centres, we have launched the first of the series of live online interactive course. The first live online PDDM program will be delivered through a unique pedagogy which is a mix of live expert lectures, case discussions, quizzes and projects for holistic learning. With DMI's expertise in certification and training we aim to create a globally competitive workforce for the digital marketing industry. |
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Offered in association with Digital Marketing Institute (Ireland), the program will be offered in the Live Online, Direct-to-Home mode for the first time
33 hours of Live, Expert-led lecture and a unique pedagogy using Project Based Learning and Case Studies
NIIT, announced the launch of their first interactive live, online course in Digital Marketing. The program is offered in association with Digital Marketing Institute (Ireland) and will be available online for the first time. It is the 37th batch of the Professional Diploma in Digital Marketing (PDDM) – a program uniquely designed for current and aspiring marketing professionals, to help them transform into digital marketers of the future. NIIT has already trained more than 1700 students in digital marketing.
The batch will start on 26th June 2016 onwards and the last date of registration is till 25th June 2016.
For more information visit:- http://digitalmarketing.niitcloudcampus.com
Today businesses and consumers are shifting their focus to the digital medium and companies are increasingly engaging their consumers through digital platforms. There are 462 Million total Internet users in India and India's digital advertising spending is estimated to reach $4 billion by 2020. India's digital advertising market has grown at a rate of 33% annually between 2010 and 2015. This indicates a larger shift in focus from traditional to digital marketing mediums. These market trends have created tremendous opportunities for professionals who are equipped with the necessary digital skills.
The Professional Diploma in Digital Marketing is designed for Marketing, Product, Advertising and Sales Professionals who want to build a career in Digital Marketing. It covers all the major areas of Digital Marketing including Search Engine Optimization, Search Engine Marketing, Social Media Marketing, Analytics, Email Marketing and Mobile Marketing. The program content is created by DMI and reviewed by DMI's Syllabus Advisory Council, comprising of the leading digital brands like Google, Facebook, Twitter, LinkedIn etc.
Digital Marketing Institute (DMI) is a global leader in training professionals in digital marketing. To date, over 15,000 people in 80 countries have graduated with a DMI qualification, making it the most widely taught digital certification standard in the world.
The Professional Diploma in Digital Marketing Program is led by industry specialists for in-depth understanding of the program. The Program Director is Dr Neeraj Sharma, who holds a PhD in Management from IIT Delhi and a Masters in Human Resource Management from IIT Kharagpur. He has facilitated the education of over 25000 working professionals. The Batch Faculty, Professor Ratan KK, an IIM Ahmedabad alumnus, is also a visiting faculty teaching eMarketing at IIM Ahmedabad, IIM Udaipur and other top business schools. He is an entrepreneur and digital marketing practitioner with over 3800 hours of Digital Marketing training experience. The program will be taught through a unique pedagogy which includes expert live online classes along with case studies in each module complemented by Guest Sessions from Industry Experts for in-depth understanding. The live online platform has been created in such a manner that the students will have a better experience than that at the classroom. The candidates can access the expert learning sessions from the convenience of their home, direct on their device with a good broadband connection.
The candidates can ask questions to the expert and get their doubts cleared. They will have access to various learning resources and can also have discussions with peers and answer the assessments online thus giving them the same experience as that of a classroom training but now direct to their device, at their convenience at home. |
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NIIT launches course in Web App Development with MEAN Stack under Digital Transformation series |
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Prakash Menon
President, Global Skills & Careers Group, NIIT Ltd |
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Today Digital Transformation is going to drive the next phase of growth in the IT Industry. In fact, the process has already begun and is rapidly accelerating, as both IT companies as well as IT departments of large corporations are scrambling to address the acute shortage of digitally skilled professionals. |
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To enable students gain end-to-end programming skills to launch their own web and mobile apps
To create full-stack web developers for start-ups and product engineering organizations
NIIT, launched a course in Web App Development with MEAN Stack under the DigiNxt Series. The company has recently ventured into Digital Transformation to offer pioneering programs to young aspirants wishing to enter the digital services industry, as well as to IT professionals wishing to reskill themselves for the new digital world. The cutting-edge program will use student-centred pedagogy of project-based learning to help them carve successful career in the emerging digital era. Some of the famous web applications like LinkedIn, Netflix, Uber, Paypal, etc. have been built using MEAN Stack.
MongoDB, Express.js, AngularJS, Node.js (MEAN) represents a group of open source technologies which are known to synergize well together, thereby empowering students to launch their own web and mobile apps. The program will enable learners to develop, test and release complete Web Apps encompassing UI's, Web Server layer, Middleware and Back-end supported by Product Engineering culture. The students are expected to spend at least 70% of their time on project work throughout the program. During the course students will work on two projects - Online Ticket Booking project and Online Cab Booking project. On successful completion of the 14 weeks' program students will be offered 100% placement assistance. Admission to the program for the first batch will start from June 24, 2016.
He further added, "We at NIIT with over 35 years of experience and keen understanding of the changing skills requirement of the industry, are committed to offer a series of industry-aligned training programs in digital transformation. To cater to this need we recently launched, Java Enterprise Apps with Dev Ops, which has received an overwhelming response from the industry and in continuation to it we now introduce the MEAN Stack programme. With the launch of MEAN stack we aim to create full-stack developers for start-ups and product engineering organisations."
According to Stack Overflow Developer Survey 2016, Javascript is the most popular programming language on earth. And even Back-end developers today are most likely to use Javascript than any other language. The MEAN Stack program will encompass the various aspects of Web app development and covers the following objectives: Design responsive Web apps using HTML5, CSS3, and various JavaScript frameworks such as Bootstrap & AngularJS, Develop Web apps using JavaScript frameworks such as, ExpressJS, NodeJS, & CommonJS, Create and consume Web services using RestAPI, Implement various testing tools, such as Mocha, Chai, Jasmine, and Protractor while developing Web apps.
MEAN stack is extremely quick prototype to work with. Node.js allows the programmer to use Javascript on the backend as well as the frontend, thus saving the programmer form learning separate languages. During the projects, the students will get to work on latest technologies like AngularJS, Bootstrap, JQuery, JS, HTML5 & CSS 3, ExpressJS, CommonJS, REST API, Yeoman, Gulp & NodeJS, MongoDB.
According to MIT Centre for Digital Business, 77% of organizations consider missing digital skills as the key hurdle to their transformation strategy. Therefore, Indian & Global IT Companies are investing heavily in building digital transformation skills to enable their clients transform digitally. As organizations are building talent pool, the most-sought after skill sets include: Product Engineering, Business Analytics, Cloud Technology and Architecture, Mobile Apps, Internet of Things and Machine Learning & Artificial Intelligence.
To cater to this need, NIIT is introducing career programs in MEAN stack, Java Enterprise Engineering with DevOps, Big Data & Data Sciences, Web Technologies, Databases Systems, Cloud Computing, Mobile, Infrastructure Management Services (IMS), Cyber-Security, Enterprise Application, Telecom & Embedded Systems, Project Management, Internet of Things (IOT), Visual Design, Game Development, Design Thinking, Robotics, Artificial Intelligence and Machine Learning, and Virtual Reality. Graduates and graduating students in Science, Technology, Engineering and Mathematics will be eligible to apply for these programs. |
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NIIT.tv - A disruptive innovation by NIIT receives 'Best online education platform' award at Indian Education Awards 2016 |
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Udai Singh
Chief Strategy Officer
NIIT Ltd
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| We are extremely pleased to receive the Best Online Education Platform Award for NIIT.tv, at the Annual Indian Education Awards 2016. It is a great honour for us that NIIT.tv has been recognised in such a short span of time. This award reiterates our belief that NIIT.tv is a technological and pedagogical force multiplier that will help us create skilled workforce across multiple sectors, to cater to the workforce requirements of the industry. |
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NIIT.tv has been awarded as the "Best Online Education Platform" at the 6th Annual Indian Education Congress & Awards organized by Franchise India, India's leading Franchising publication. NIIT.tv that was launched in October last year is a digital learning initiative that brings skilling from NIIT classrooms to every digitally connected Indian, for free, at any time and place of their choice. P V D Ravi Kiran, Senior Vice President, Synchronous Learning Technology, NIIT Ltd. and Vijay Kumar Srinivasan, Senior Vice President, Technology Strategist & Architect, NIIT Ltd received the award at an event organised in the capital city.
The 6th Annual Indian Education Congress & Awards is one of the biggest thought leadership forum where education professionals, institutes, government bodies, financial institutions and schools come together and take up various issues related to Indian Education Industry. Also, the Indian Education Awards are one of the most prestigious awards that recognize excellence in education sector. The event aims to connect the entire gamut of education industry.
He further added, "NIIT has been at the forefront of skills and talent development not just in India, but around the world. We have been working continuously with a vision to offer viable career options and cutting-edge skill based training to every digitally connected citizen of India, by removing the four constraints of time, space, language and money. This award is a strong reaffirmation of our belief that Technology is fundamental to our growth."
NIIT.tv – a disruptive innovation by NIIT for the education space, delivers for the very first time, skill-based live courses as well as on-demand courses to the masses, through the digital medium. It is an innovative initiative providing video based online training for free, which can be accessed from anywhere, anytime, any device (Desktop, Tab, Mobile), Windows or Android having access to Internet. NIIT.tv app is also available for Android devices which can be downloaded from Google Play store for free. Launched on October 6, 2015, NIIT.tv already has a reach in over 160 countries which includes 2000+ cities and 6 continents (other than Antarctica) with a total of over 240,000 registered users, and a total offering of 5400+ Live and On-demand courses.
The recent launch of Free CBSE Board Exam preparatory live classes by NIIT.tv for 10th and 12th standard students has been highly appreciated by the users. The Fast Track Refresher Courses were designed to help prepare students score higher grades in their CBSE Board exams. The courses were made available for free for the students and a total of 44000 students availed the classes.
Over the last 35 years NIIT has contributed extensively to the IT sector by training 35 million people in IT and other disciplines. As a socially responsible corporate citizen, NIIT with the launch of NIIT.tv is now committed to extend that experience and expertise to service the needs of India in many other sectors, across the entire social spectrum.
Additionally, NIIT.tv actively encourages and invites every socially minded Indian, Corporation and NGO to generously share their valuable knowledge and Open Source Training Material by registering as a Trainer/Content Partner on NIIT.tv and uploading their course description, videos and courseware for a guaranteed free lifelong learning benefit.
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NIIT Awarded 2016 CLO LearningElite Gold Award |
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Rahul Patwardhan
Chief Executive Officer,
NIIT Limited
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| It is indeed an honor to be a part of the prestigious CLO LearningElite list. An efficient workforce is truly a competitive strength and NIIT has been at the forefront of making the best learning and development models available to corporates across the globe. With training as our forte, it is our continuing endeavor to offer next generation training solutions customized to the specific needs of corporates worldwide. |
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NIIT Limited, announced that it has been ranked Gold LearningElite member at #22 on Chief Learning Officer magazine's prestigious LearningElite list. Human Capital Media (HCM), the largest integrated media company supporting the human resources industry and publisher of Chief Learning Officer magazine, announced the companies in the coveted list at the annual LearningElite awards dinner on Monday, April 4 at The Ritz-Carlton on Amelia Island, Florida as part of the 2016 Spring CLO Symposium.
This annual ranking lists the organizations that outperform the benchmark standard for implementation of learning and development (L&D) best practices for their workforces. This robust, peer-reviewed ranking and benchmarking program recognizes those organizations that employ exemplary workforce development strategies that deliver significant business results. Developed under the guidance of a group of chief learning officers and senior learning and development practitioners, the LearningElite program utilizes best practices in evaluation to rank the best organizations based upon their impact, size and industries served. A comprehensive evaluation of learning and development, the LearningElite also recognizes individual companies for their efforts in functional areas, including leadership development, use of technology, executive buy-in, and content development and delivery, among others.
The aim of the LearningElite is to:
- Identify and recognize industry leaders.
- Promote recognition of the critical role that learning and development plays in organizational success.
- Support organizations in achieving best-in-class levels of performance.
- Identify and share best practices, principles and strategies for learning and development.
- Provide powerful benchmarking data for world-class learning and
development.
View the complete list of winners here. |
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NIIT bags ASSOCHAM National Brand Summit & Excellence Awards 2016 |
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Prakash Menon
President, Global Skills and Careers Group, NIIT Ltd
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| Over the last 35 years NIIT has played a pioneering role in shaping the education and training sector through its innovative and industry-aligned career programs. We continuously strive to design our programs as per the aspirations of the youth and the requirements of the industry. This award is recognition of our efforts and will further encourage us to constantly innovate by introducing a diverse range of learning solutions focused on Digital Transformation. |
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Acknowledged for 'Best Innovation Brand' in the education sector
NIIT Limited, bagged the ASSOCHAM National Brand Summit & Excellence Awards 2016 as the 'Best Innovation Brand' in the Education sector. NIIT received the coveted award for company's continuous quest to offer path breaking industry-aligned education and training programs. Mr. Sanjay Zhunzhunwala, Chairman and Ms. Shradha Agarwal, Co-chairperson, ASSOCHAM Regional Council presented the award to Ms. Shakera Roy, General Manager NIIT Ltd & Geo Head (East & South Networks), at a scintillating ceremony organized at The Oberoi, Kolkata.
Over the last 35 years, NIIT has contributed extensively to the IT sector by training 35 million people in IT and other disciplines. In the last decade, NIIT diversified beyond IT training by entering into partnerships with domain experts in growing industry verticals. NIIT is actively involved in offering technologically advanced learning products and services to its customers. The company introduced pioneering Cloud Campus in India way back in 2011. A recent path breaking initiative NIIT.tv has received phenomenal response nationwide. An array of programs from NIIT are already available online through NIIT.tv. and Cloud Campus. With the launch of StackRoute, NIIT has also reinforced its leadership position as a pioneer in addressing the future skill needs of the IT sector. Continuing the effort to revolutionize the IT space, NIIT is now offering pioneering programmes in Digital Transformation, under the DigiNxt series brand umbrella.
Eminent speakers like Mr. Partha Sinha, Vice Chairman & MD, McCANN Worldgroup, Mr. Sonal Dabral, Chairman & CEO, DDBMudra Group, Mr. Subhash Kamath, CEO & Managing Partner BBH, Mr. Samiran Gupta, India Country Head, ICANN, USA, Mr. Joy Mukherjee, Global Communication Expert, Angelique International and many more attended the event.
"National Brand Summit & Excellence Awards" by ASSOCHAM is an initiative to salute Indian Corporate and Brands working in various sectors for excellence, innovation and their contribution to the society.
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NIIT Named to TrainingIndustry.com's Top 20 Training Outsourcing Companies List |
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Sapnesh Lalla
President – Corporate Learning Group, NIIT Limited
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| We are honored to be listed among the Top 20 Training Outsourcing Companies on this prestigious ranking for the ninth consecutive year. This demonstrates our consistent commitment to provide the highest value and quality of managed training services to our customers in terms of tangible business impact and L&D transformation,. |
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NIIT Limited, announced that it has been selected as a 2016 Top 20 Training Outsourcing Company for the ninth year by TrainingIndustry.com. TrainingIndustry.com continually monitors the training marketplace for the best providers of training services and technologies.
Selection to the 2016 Top 20 Training Outsourcing Companies list was based on the following criteria:
• Industry visibility, innovation and impact
• Capability to deliver multiple types of training services
• Company size and growth potential
• Strength of clients
• Geographic reach
"The Top 20 Training Outsourcing companies lead our industry's innovation in many ways," said Ken Taylor, president, Training Industry, Inc. "We frequently see these companies steering the conversation on where learning and development can and should go. They tend to use learning technologies to drive truly complete solutions, specifically aligned to business goals and objectives."
"The Top 20 Training Outsourcing Companies list is frequently used as a resource to help you select partners who can provide a comprehensive service suite to support your organization's most strategic learning initiatives," said Doug Harward, CEO, Training Industry, Inc. "These companies represent the leaders in our industry, and are well-equipped to provide your organization with the tools and guidance necessary to meet a broad range of learning services."
View the 2016 Top 20 Training Outsourcing Companies here.
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NIIT once again redefines IT Training in India |
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Rahul Patwardhan
Chief Executive Officer,
NIIT Limited
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| We pioneered the category of IT Training in India way back in 1981. Having trained over 35 Mn people in IT over the last 34 years, we expanded our expertise to other sectors as well and have been instrumental in creating trained workforce as per evolving industry needs. With our keen understanding of the changing skills requirement of the industry we are now focusing on the Digital Transformation needs. This move indicates our commitment to create a talent pool armed with futuristic skill-sets aligned to the industry, working closely with our key clients in the technology sector around the world as well as with the software industry association. |
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Prakash Menon
President, Global Skills and Careers Group, NIIT Ltd
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| While working on StackRouteTM we understood the significant talent requirement of the IT companies who are looking for professionals who can help them drive digital transformation strategies. Therefore, we have introduced pioneering programs in Digital Transformation tailor made and endorsed by the industry, to address the massive skill-gaps faced by the IT sector." |
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- Introduces pioneering programs in Digital Transformation
– the future of IT
- To offer futuristic programs in MEAN Stack, Internet of Things, Artificial Intelligence and Machine Learning, Design Thinking, Robotics, Virtual Reality, Cyber-Security and more
– under 'DigiNxt'
- Organizations to allocate 50% of IT budgets on new digital revenue streams by 2020 creating an unprecedented demand for over 1 Mn newly trained digital professionals
NIIT, once again revolutionizes the IT training and education landscape by introducing pioneering programs in Digital Transformation. The company will now offer futuristic programs like MEAN Stack, Big Data & Data Sciences Stack, Design Thinking, Cloud Stack, Internet of Things (IOT) Stack, Artificial Intelligence and Machine Learning, Robotics and Virtual Reality, Cyber-Security, under the DigiNxt Series brand umbrella. Through this significant move NIIT aims to totally re-align the Skills and Career Group to the changing future-skill-sets requirement of the industry to help create job-ready talent pool for the fast evolving global economy.
India, with a strong technology ecosystem of MNC R&D centers, service providers, IT global in-house centers and startups, is well placed to play a key role in the digital era. Indian talent can potentially power the digital transformation for enterprises around the world, and become a moon-shot economy. According to a survey, India is home to a digitally ready talent pool of 500,000 engineers suitable to execute digital transformation projects. This is expected to increase to over a million engineers trained in digital transformation technologies by 2020. Owing to this massive growth in demand, already today any entry-level and experienced professional with Digital Transformation Skills attracts 50% to 60% higher salaries than those with traditional IT skills.
Information technology has changed the way people work and the next ten years will be about transforming the businesses across all industry sectors. According to industry experts, digitally transformed organizations are 26% more profitable than their industry competitors. Global Spending on digital transformation technologies is expected to cross $2.1 Billion by 2019. By 2018, 35% of IT resources will be spent to support the creation of new digital revenue streams, and by 2020 almost 50% of IT budgets will be tied to digital transformation initiatives. All of these indicate that Digital transformation is going to drive the next phase of growth in the IT Industry. The process has already begun and is rapidly accelerating, with both IT companies as well as IT departments of large corporations scrambling to address the acute shortage of skills.
In October 2015, NIIT launched a revolutionary initiative - StackRouteTM to create multi-skilled and multi-disciplinary full-stack programmers. StackRouteTM has received overwhelming response from startups and major IT companies alike. Armed with first-hand knowledge of the talent requirements of technology backed organizations and an established proof of success in servicing the stringent internal reskilling requirements of these firms, NIIT will now offer retail training programs in Digital Transformation Technologies under the DigiNxt portfolio, to young aspirants wishing to enter the digital services industry, as well as to young IT professionals wishing to reskill themselves for the new digital world.
According to MIT Centre for Digital Business, 77% of organizations consider missing digital skills as the key hurdle to their transformation strategy. Therefore, Indian & Global IT Companies are investing heavily in building digital transformation skills to enable their clients transform digitally. As organizations are building talent pool, the most-sought after skill sets include: Product Engineering, Business Analytics, Cloud Technology and Architecture, Mobile Apps, Internet of Things and Machine Learning & Artificial Intelligence.
To cater to this need, NIIT is introducing career programs in Java Enterprise Engineering with DevOps, Big Data & Data Sciences, Web Technologies, Databases Systems, Cloud Computing, Mobile, Infrastructure Management Services (IMS), Cyber-Security, Enterprise Application, Telecom & Embedded Systems, Project Management, Internet of Things (IOT), Visual Design, Game Development, Design Thinking, Robotics, Artificial Intelligence and Machine Learning, and Virtual Reality. Graduates and graduating students in Science, Technology, Engineering and Mathematics will be eligible to apply for these programs. For more details, please visit
www.niitdiginxt.com
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Oshkosh Corporation Awards Managed Training Services Contract to NIIT
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NIIT Limited, announced that it has been awarded a contract to provide managed training services to Oshkosh Corporation, a leading designer, manufacturer and marketer of a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies.
With this contract, NIIT's Corporate Learning Group will provide a host of learning services to Oshkosh Corporation.
"We are honored that Oshkosh Corporation has selected us as its provider of custom content and curriculum design services. Our goal is to focus on providing learning content of the highest quality aligned with increased business impact and value," said Sapnesh Lalla, President, Corporate Learning Group, NIIT Limited. |
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News@NIIT |
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