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 Q4 (January- March 2023) |
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| Insight@NIIT:Vol 58 |
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| Investor Communication |
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| NIIT Ltd and NIIT Learning Systems Ltd (NLSL) post demerger announce Annual Financial Results FY23 |
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NIIT Ltd Highlights for FY23
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Records FY23 Revenue at Rs. 341.3 Cr, up 36% YoY |
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FY23 EBITDA recorded at Rs. 1 Cr |
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FY23 Profit After Tax at Rs. 3.2 Cr |
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Early career segment grew 15% YoY, contributing 54% to total revenue |
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Working professional segment grew 73% YoY contributing 46% to revenue |
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StackRoute and TpaaS grew 17% YoY • Q4 Revenue recorded at Rs. 60 Cr |
NLSL Highlights for FY23
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Records FY23 Revenue at Rs. 1361.8 Cr, up 20% YoY |
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FY23 EBITDA recorded at Rs. 315.4 Cr; FY23 EBITDA margin at 23.2% |
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FY23 Profit After Tax at Rs. 192.2 Cr; records EPS of Rs 14.3 |
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Adds 12 Managed Training Services customers and ends the year with 80 MTS customers and revenue visibility of USD 363 Mn |
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Q4 Revenue recorded at Rs. 385.7 Cr, up 30% YoY |
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Q4 EBITDA at Rs. 94.8 Cr, up 30% YoY |
*Results are not comparable with previously declared results due to the transfer of Corporate Learning Business undertaking to NLSL, with effect from April 1, 2022, the appointed date.
NIIT Ltd and NIIT Learning Systems Ltd (NLSL) announced annual results for FY23 . This follows the strategic demerger announcement by NIIT, which has led to the establishment of two distinct entities—NIIT Ltd and NLSL.
The Board of NIIT Limited had recently announced that its Corporate Learning Business undertaking has been transferred to NIIT Learning Systems Limited (NLSL) upon the Composite Scheme of Arrangement becoming effective as on May 24, 2023. Going forward, NIIT Limited will continue to focus on and operate the Skills & Careers business, whereas NLSL would operate the Corporate Learning Business.
NIIT Ltd Annual Financial results
NIIT Limited (NSE: NIITLTD), a leading skills & talent development corporation, reported its financial results for the Financial Year ended March 31, 2023. During the year the company recorded consolidated Net Revenue of Rs. 341.3 Cr, up 36% YoY. EBITDA was Rs. 1 Cr, EBITDA Margin stood at 0.3%. Profit After Tax of Rs 3.2 Cr reflects EPS of Rs 0.2. During the quarter, the company recorded consolidated Net Revenue of Rs. 60 Cr.
The results were taken on record at the meeting of the Board of Directors held on May 29, 2023.
During the year revenue from the early career segment of NIIT Ltd. grew 15% YoY and contributed 54% to total revenue. The working professional segment grew 73% YoY contributing the balance 46%. StackRoute and TpaaS grew 17% YoY.
NIIT acquired additional 20% equity shareholding in RPS Consulting during the year. This takes the total shareholding to 90%. (It may be noted NIIT had acquired 70% equity shareholding of RPS on October 1, 2021).
The 6th edition of NIIT India Confluence, a 3-day exclusive, by-invitation only conference held in Goa saw representation from around 46 companies and 55 industry participants. Industry mavens, including CEOs, CHROs, and Business Leaders came together to deliberate on the conference’s theme- ‘Thrive: Accelerating growth in a ‘broken’ talent environment’.
NIIT Learning Systems Limited (NLSL) Annual Financial results
NIIT Learning Systems Limited (NLSL), a leading provider of managed training services, reported its financial results for the Financial Year ended March 31, 2023. During the year the company recorded consolidated Net Revenue of Rs. 1361.8 Cr, up 20% YoY. EBITDA was Rs. 315.4 Cr, up 6% YoY. EBITDA Margin stood at 23.2%. Profit After Tax was Rs. 192.2 Cr and the EPS stood at Rs. 14.3.
During the quarter, the company recorded consolidated Net Revenue of Rs. 385.7 Cr, up 30% YoY and PAT of Rs 53.9 Cr, up 17% QoQ. EBITDA was recorded at Rs. 94.8 Cr, up 30% YoY. EBITDA Margin stood at 24.6%, up 70 bps QoQ.
The results were taken on record at the meeting of the Board of Directors held on May 29, 2023.
NLSL added 12 global Managed Training Services (MTS) contracts during the year, did 2 contract expansions and 13 contract extensions. The company ended the year with 80 MTS customers and revenue visibility of USD 363 Mn.
During the year the company acquired 100% membership interest in St. Charles Consulting Group LLC (StC) during. Headquartered in St. Charles, Illinois, StC is a leading provider of consulting, design, and implementation solutions for strategic learning programs to professional services firms and Fortune 500 companies.
NLSL entered into a strategic partnership with EIT InnoEnergy Skills Institute. EIT InnoEnergy is the innovation engine for sustainable energy supported by the European Institute of Innovation & Technology, a body of the European Union (EU).
NLSL Confluence 2022 was held in Miami, Florida in September 2022 and hosted learning leaders from the world’s leading Fortune 500 and Fortune Global 500 companies. The inaugural Customer Advisory Board meeting from leaders in 11 companies was also held prior to the conference.
Awards and Acknowledgements- NLSL
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NLSL earned 45 Brandon Hall Excellence in HCM Awards and 21 Brandon Hall Excellence in Technology Awards in 2022. |
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NLSL Featured among the Top 20 Companies by Training Industry in Learning Services, Custom Content Development, IT and Technical Training, Advanced Learning Technologies, and Experiential Learning Companies in 2022. |
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NLSL Ranked Number 1 in Innovation and Deal Size in the HRO Today Baker’s Dozen for Learning and Development, 2022. |
Awards and Acknowledgements - NIIT Ltd.
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NIIT Ltd. was awarded the ‘Transformational platform for professional learning in new-age technologies’ at the Digital Leadership Conclave 2022 by Dataquest. |
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NIIT Ltd has also been recognized as the "Institutions with excellent Training and Placements" award at the BW Education- Top Education Brand Awards 2022. |
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NIIT Limited has been recognized as the Best E-Learning Platform by the Associated Chambers of Commerce & Industry of India (ASSOCHAM) for its contribution to the technology training sector. |
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The Federation of Indian Chambers of Commerce & Industry (FICCI), felicitated Rajendra Singh Pawar, Chairman & Founder, NIIT with 'Lifetime Achievement Award 2022' at the 8th FICCI Higher Education Excellence Awards ceremony held in the capital on November 17, 2022. |
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RPS Consulting upgraded to Premium Partnership in FY23 by ISACA based on their FY22 performance. |
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RPS Consulting was awarded the “India Partner of the Year” by Vmware based on their FY22 Performance. |
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| NIIT Ltd completes demerger of Corporate Learning Business into NIIT Learning Systems Ltd |
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Following the reorganisation plan announced during Q3 FY22 results in Jan 2022, the Board of NIIT Limited announced that Corporate Learning Business undertaking has been transferred to NIIT Learning Systems Limited (NLSL) upon the Composite Scheme of Arrangement becoming effective as on May 24, 2023. Going forward, NIIT Limited will continue to focus on and operate the Skills & Careers business, whereas NLSL would operate the Corporate Learning Business.
Consequent to the demerger, each shareholder of NIIT Limited would be allotted one share of NLSL for each share of NIIT Limited held by them on the Record Date, which has been fixed as June 8, 2023. Subsequently NLSL would also get listed on BSE/NSE post requisite regulatory approvals.
This demerger recognizes the distinct market dynamics, customer segments, product offerings, and growth trajectories of each business. It provides sharper focus, simplified decision-making, focussed allocation of growth capital and enhanced agility, creating significant value for stakeholders in each of these businesses.
NIIT Limited: Skills & Careers Business
As NIIT Ltd, with a solid 41 years of track record, reaffirms its commitment to talent transformation to equip the workforce to cope with the rapidly changing environment, it will enlarge its ambit to include a wider range of Industry sectors undergoing rapid transformation. The company will build further on its scalable industry-grade NIIT Digital platform, developed and refined over the last two decades, and step-up innovation in immersive and hybrid models of learning, using multidisciplinary technologies.
With Rajendra S Pawar becoming Executive Chairperson of NIIT, all the three Founders have taken up executive roles in NIIT Limited to steer the company during this phase of transformation. The landscape for the Skills & Careers business is undergoing massive disruption, with radical shifts in business models coupled with near-term uncertainty in the environment. The Founders along with the strong and tenured management team bring significant experience and expertise in the business, having steered the company through similar situations over four decades.
NIIT Limited Board has been strengthened over the last two years with appointment of Avani Davda, Founding CEO-Tata Starbucks, Strategic Advisor at Bain & Company and of Ravindra Babu Garikipati, Ex-Chief Technology Officer at Flipkart, Independent Director at Axis Asset Management. Recently, Srikanth Velamakanni, Founder and CEO of Fractal AI, India’s first unicorn in AI and a prominent provider of Artificial Intelligence Solutions to Fortune 500 companies, has also joined the board as an Independent Director.
NIIT Learning Systems Limited: Corporate Learning Business
NIIT Learning Systems Limited (NLSL) offers Managed Training Services to Fortune 1000 corporations across North America and Europe. The business has over 80 global customers that it services in over 30 countries. With a team of over 2400 world class learning professionals, it has won over 400 industry awards and is ranked among the Top 5 Learning Outsourcing Companies worldwide.
The Board of NLSL appointed Sapnesh Lalla as CEO and Executive Director. He will focus on accelerating growth for the company and creating more value for its customers. The Learning Outsourcing market is underpenetrated and offers significant headroom for growth. Given NLSL’s track record and its strong balance sheet there is a unique opportunity to become a global leader.
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| NIIT Launches Career Catalyst Programs to Equip Youth for Success in Competitive Job Market |
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- The programs are designed to provide practical application of skills on real business challenges to equip recent high school graduates with cutting-edge skills
NIIT Ltd introduced a new set of programs for learners who have just completed their school education. The programs are aimed at providing the learners with an early head start in career exploration and skill development in their desired fields.
The programs are named Career Catalyst Programs and consists of the Java Foundation Program and Data Science Foundation Program, both carefully curated by industry experts. These six-week online courses are designed to equip recent high school graduates with cutting-edge skills essential for launching their careers and outshining their peers. Eligibility for the programs is limited to those who have successfully completed their 12th-grade studies.
The programs are designed to provide practical application of skills on real business challenges to prepare the learners for the opportunities and challenges they will face later in their further education or future job roles in the industry. As post 12th, students are relatively free, these programs can be a great option to leverage their free time and prepare early for their dream career. In a world where the competition is getting tougher day by day, starting early preparation and gaining relevant skills and insights could be one of the best decisions for securing a glorious future.
Click below links for program details
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Data Analytics Foundation Program: https://www.niit.com/india/ug-programs/data-analyst-foundation |
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Java Developer Foundation Program: https://www.niit.com/india/ug-programs/java-foundation |
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| NIIT Launches Pivotal Initiative: Announces Strategic Partnership for Green Energy Skills with EIT InnoEnergy Skills Institute |
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A strategic relationship boosting skills and talent essential for decarbonization and the global energy transition
NIIT Limited announced it has been selected as a strategic partner of the EIT InnoEnergy Skills Institute.
EIT InnoEnergy is the innovation engine for sustainable energy supported by the European Institute of Innovation & Technology, a body of the European Union (EU). The company operates at the center of the energy transition and is the leading innovation engine in sustainable energy, bringing the technology and skills required to accelerate global decarbonization efforts. With access to top subject matter experts from stakeholders across academia, industry, and government, EIT InnoEnergy has deep know-how and experience in all aspects of energy transition innovation, business models, regulation, energy markets, and industrialization.
The launch of the InnoEnergy Skills Institute is an evolution of EIT InnoEnergy’s highly successful European Battery Alliance (EBA) Academy, expanding to also include green hydrogen and solar photovoltaics (PV) value chains. Its agile, modular approach to training will deliver the latest trends and training with adaptable, customizable courses and programs that meet specific needs, regardless of location, size, or technology. Greater numbers benefitting from industry-leading training is a vital step in equipping the global workforce with the knowledge and expertise needed to decarbonize the energy economy.
NIIT has been chosen as a strategic partner of the InnoEnergy Skills Institute, providing services including onboarding, learning journey creation, training of teaching staff, and ensuring local training nuances are catered for. NIIT and EIT InnoEnergy will work together on thought leadership initiatives as part of the strategic relationship. Being a top tier education provider, NIIT brings global market reach, a large and diverse customer base, and unparalleled operational excellence and capacity to achieve quality at scale along with its strong balance sheet, cash position and global credibility. The main goal of the partnership is to leverage NIIT’s presence and capabilities as a global talent development leader to rapidly scale and create the highly skilled and certified human capital essential for rapid transition to Green Energy and become the thought leader and partner of choice for corporations and governments in Europe and globally.
Decarbonization is the biggest opportunity of the century, triggering an unprecedented race for talent and skills globally. The transition to net zero will require retraining up to 18 million workers around the world. For example, between 2015 and 2030, the amount of solar PV jobs is expected to quadruple. With 2023 marking the EU’s Year of Skills, the launch coincides with wider governmental initiatives to address the growing concerns about future-proofing the workforce.
The InnoEnergy Skills Institute will benefit from NIIT’s global reach and infrastructure, ensuring it can deploy services at pace and scale, accelerating training across Europe, Asia, and North America. NIIT will also drive the go-to-market program to take the offering to a large variety of industries and companies across the green energy value chain globally. NIIT will also create and manage a network of local training partners across several countries to further accelerate adoption.
Oana Penu, Director of the InnoEnergy Skills Institute said: “Industries central to the energy transition will see a dramatic uplift in the need for new skills and expertise to drive progress. In fact, in the battery workforce alone, more than 700 new job types will come into play as required skillsets highly diversify. So, it is not a surprise that 71% of CEOs already cite skills shortages as their most significant business challenge. We're dedicated to supporting green innovations of the future and ensuring there is a trained workforce to achieve climate goals. Our strategic learning services partnership with NIIT will leverage its leadership in global talent development to help make this a reality.”
EIT InnoEnergy’s leading role in key industrial alliances spanning energy, storage, green hydrogen, and PV mean it is perfectly placed to expedite the upskilling of workers across the energy industry. Through the InnoEnergy Skills Institute, businesses, universities, and training providers can benefit from courses supported by a range of sector experts, alliances, and partnerships.
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| NIIT StackRoute announces the first-of-its-kind Digital Architecture Conclave 2023 |
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- Conclave to be organised on April 21st 2023, in Bengaluru
NIIT Limited announced the first edition of Digital Architecture Conclave 2023. The one-day conclave by StackRoute, an NIIT venture, provides a unique opportunity for architectural community to get insights from key industry leaders and professionals on Architecture trends and techniques powering future architectural blueprints.
In the endeavour to help organizations strengthen their architecture talent, the Digital Architecture Conclave is scheduled on April 21st from 8 am to 5 pm at Shangri-La, Bengaluru. The theme of the conclave is “Architecting for Tomorrow's Experiences”, and the sub-themes include Architecting for Digital Transformation, Emerging Trends that will shape the future of Architecture & Sustainable Architectures in the world of Agile, Cloud and DevOps.
This daylong event will start with an Inaugural address from Rajendra S Pawar, Co-founder & Chairman NIIT followed by special talks by Dr. Pallab Saha, General Manager, Open Group and Nitin Mishra, Chief Technology Officer & President, ONDC on, setting the architecture blueprint for Digital India.
This event will also have power packed Panel Discussions moderated by Gopalakrishna Bylahalli- E&Y on “Adaptive, resilient, and sustainable architecture for the digital age” and Nishith Pathak-DXC Technology on “Architecting for Tomorrow: Embracing the Latest Tech Trends in Software Architecture", to explore, share the challenges and opportunities related to platform & ecosystem of Architecture.
Leading architects including Utkarsh B, Chief Architect, Flipkart; Dr. Hari Bhaskar, Machine Learning/Engineering Leader, Google; Balaji Raghunathan, Vice President, Technology and Solutions, Digital Experience, ITC Infotech Ltd; Murale Narayanan, Senior Director, Modern Infra, Cloud & Application Services, Dell Technologies will discuss their perspectives and share insights on various topics such as Data Mesh, Modern Data Platforms, Architecting and managing AI/ML systems at Scale. The conclave also presents a great opportunity to demonstrate their architectural thinking through “Poster sessions” and “Case Study Presentations”.
Dr. Yogesh K Bhatt, EVP and Business Head, StackRoute, an NIIT Venture said, "We are proud to announce the “Digital Architecture Conclave 2023”, which aims to help organizations build a stronger architecture talent pool. The theme, 'Architecting for Tomorrow's Experiences,' reflects our commitment to creating a future-ready workforce that can meet the evolving needs of the industry. We believe that this conclave will provide a platform for architects to learn, share, and network with their peers, enabling them to take on new challenges and build innovative solutions that will shape the future of architecture."
Dr. Vishnupriya Raghavan, Vice President, Client Advisory and Transformation, Enterprise IT Business, StackRoute, an NIIT Venture said, “This event will be attended by a diverse set of digital architects – from across roles such as tech architects, data architects, solution architects and enterprise architects who lead architecture design and development, and devise strategies that enable innovation and deliver business value. I strongly believe that this conclave will provide one-of-a-kind opportunity for architects to expand their sphere of influence, build networks, and maximise their learning”.
For more information, participation and registration for the Digital Architecture Conclave 2023, click here: https://digitalarchitectureconclave.in/
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| NIIT Announces 2nd edition of ‘EdTech Growth Summit’ to Build Next Gen Leaders of India |
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- Building on the success of the inaugural edition in October 2022, the summit will support founders of EdTech start-ups in their quest towards accelerating their businesses
- The summit will lead into the Founder Growthcamp where EdTech founders will get to pitch their business ideas to investors, mentors and industry leaders and secure funding for their ventures
Following on the success of the first edition of its EdTech Growth Summit in 2022, NIIT Ltd has announced the second edition of the EdTech Growth Summit. Aimed at fostering innovation and entrepreneurship in the education ecosystem, the Summit will be organised virtually on March 14, 2023. Selected start-ups from the Growth Summit will get an opportunity to present their business plans to investors and the NIIT Group at the Growthcamp to be organised at the NIIT University in Neemrana from 5th to 7th April 2023.
After the success of the 1st edition, the 2nd edition of the NIIT EdTech Growth Summit will feature keynote speeches, panel discussions and fireside chats besides providing start-up founders with networking opportunities with industry leaders and peers.
The EdTech Growth Summit is a one of its kind event by NIIT, designed to support India’s promising EdTech start-ups as they look to scale up and deliver value to their stakeholders. The summit will feature power-packed sessions anchored by India's top EdTech founders, investors, and industry experts, such as: Kunal Bahl, Co-founder AceVector Group & Titan Capital, KK Natarajan, Co-founder - MindTree, Mela Ventures, Alakh Pandey, Co-founder – Physicswallah, Shradha Sharma, Founder – YourStory, Ashwin Damera, Founder – Emeritus, Eruditus, Rajiv Jayaraman, Founder – Knolskape, Rajendra Pawar, Chairman & Co-Founder of NIIT Group; and Vijay K Thadani, Co-Founder of NIIT Group.
The 1st edition of the Edtech Growth Program, 2022 saw success with founders benefiting from interacting with peers and mentorship from industry veterans as well as start-ups receiving Microsoft Founders’ Hub benefits worth up to Rs. 1.6 crore
With a focus on the latest trends and innovations in education and upskilling, the EdTech Growth summit will allow the attendees to get a deep insight into scaling a sustainable EdTech start-up from top investors, and to learn the actionable strategies from founders who have built and exited highly successful start-ups on being a market leader. The NIIT Group has been truly committed to empowering the EdTech ecosystem in the country to help create a talent pool that can implement innovative solutions for the overall development of the country.
With a strong balance sheet, NIIT continues to look for opportunities to invest in innovative companies to build significant value for its customers partners and stakeholders. Over the last 18 months, NIIT has announced three investments including acquisition of USA based St. Charles Consulting Group, acquisition of 90% stake in India based RPS Consulting over two tranches, and growth investment in Singapore based Knolskape Solutions.
Conceptualized as an institution of excellence, NIIT University provides exceptional education based on the Four Core Principles that make learning Industry-linked, Technology-based, Research-driven and Seamless. NU is well poised to meet the emerging needs of the knowledge economy through its focus on building strong industry linkages and a research-oriented approach.
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| NIIT Limited Bags 'Best Digital Adoption Partner for Indian Enterprises' Award at the 11th Edition Future of L&D Summit & Awards 2023 |
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Bimaljeet Singh Bhasin
President, Enterprise Business India, NIIT Limited |
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“NIIT is at the forefront of driving growth and innovation for enterprises across multiple industries, leveraging the power of technology. With a deep focus on engineering, manufacturing, consumer businesses, and healthcare, NIIT is committed to enabling significant performance improvement by enhancing technology capabilities, promoting cognitive thinking, building sustainable talent pipelines, and unlocking the full potential of its people to maximize workplace productivity. We, at NIIT, are delighted to be recognized as a leader in digital adoption at scale and provide comprehensive solutions to businesses seeking to enhance their technology capabilities. Through its cutting-edge programs and training initiatives, NIIT empowers individuals and organizations to stay ahead of the curve in a rapidly evolving digital landscape. By fostering a culture of innovation and continuous learning, NIIT enables businesses to achieve long-term success and sustainable growth.” |
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- NIIT won the award for its innovative upskilling and reskilling solutions that help businesses thrive in today's market
NIIT Limited has been recognized as the 'Best Digital Adoption Partner for Indian Enterprises' at the 11th Edition Future of L&D Summit & Awards 2023 held by UBS Forums. This prestigious recognition has been awarded to NIIT’s Enterprise Business India division for its commitment to provide innovative and cutting-edge upskilling and reskilling solutions to help businesses stay competitive in today's ever-changing market. The award was received by Nilanjan Kar, Sr. Vice President, NIIT Ltd. at a recent ceremony held in Mumbai.
NIIT's Enterprise Business India division works with enterprises across sectors to solve complex talent and workforce capability related challenges. Its purpose-built, outcome-driven, and practitioner-led learning interventions have helped many organizations build contemporary workforce in technology, digital, business and customer facing roles.
The award is a testament to NIIT's commitment to narrowing down the skills-demand gap across industries through its talent building and training initiatives. With a deep understanding of the needs of businesses across sectors, NIIT is well-positioned to drive digital transformation for organizations across the country and beyond.
The 11th Edition Future of Learning and Development Summit & Awards 2023 by UBS Forums is a premier event that brings together industry experts and thought leaders to discuss the latest trends, challenges, and opportunities in the field of learning and development. It recognizes outstanding achievements and innovations in the field of learning and development.
*Please note: The Future of L&D Summit and Awards 2023 is an event organized by UBS Forums that aims to create and bring around a transformational leadership for individuals and industry, and in no manner is related to NIIT Ltd.
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| HDFC Bank partners with NIIT for building pipeline of high-quality Virtual Relationship Management professionals |
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- Program designed to develop a pool of skilled Virtual Relationship Management professionals
HDFC Bank, one of the leading private sector banks of India, has partnered with NIIT Limited to build a large pool of skilled Virtual Relationship Management professionals for the banking industry.
Spanning over a period of four weeks, the program is designed to build in-demand and advanced sales skills among the learners which will enable them to acquire new customers for multiple services and products. The immersive program is designed to develop a ready-to-deploy pool of skilled Virtual Relationship Managers. The extensive practice on real-life scenarios will equip the new professionals with the advanced sales skills and the confidence required for their job roles in the banking sector.
Any Graduate / Postgraduate with 0-2 years of experience will be eligible for the program. The training will take place virtually using various online collaborative platforms. The Post Graduate Program in Virtual Relationship Management will empower learners to start an assured banking career with HDFC Bank and have an opportunity for consistent career growth.
Commenting on the partnership, Ranga Subramanian, Senior Vice President, Human Resources, HDFC Bank, said, “We are extremely delighted to announce this partnership with NIIT to build a robust talent pipeline for HDFC Bank. This program has been carefully crafted to produce a thorough training module that emphasizes important skills required for Virtual Relationship Management roles. With this partnership, we are confident of creating the perfect launch pad for those wishing to pursue a career in Banking and relationship management.”
The program contains a two-rounds assessment process to filter the most deserving candidates, who will go through further upskilling and training rounds throughout the course. This way, the learners will be developed into a pool of up-to-date skilled Virtual Relationship Management professionals for HDFC Bank.
To know more about the program and enroll, please click: https://learnforjobs.niit.com/india/graduates/banking-finance-careers/certification-virtual-relationship-management
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| NIIT bags Gold for Excellence in Employee Rewards & Recognition Strategy at ET Human Capital Awards 2023 |
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- The award acknowledges NIIT’s dedication to fostering a culture of employee engagement and motivation through innovative rewards programs
NIIT Limited has been awarded with the Gold award at the Economic Times Human Capital Awards summit 2023 under the “Excellence in Rewards & Recognition Strategy” category. The medal has been awarded to NIIT for its exceptional people policies including its employee Rewards & Recognition Strategies.
This prestigious award acknowledges the company's dedication to fostering a culture of employee engagement and motivation through innovative rewards programs.
NIIT’s Rewards & Recognition Program includes various awards to celebrate performance, well-being, learning, demonstration of values and much more. The Exemplary Performance Bonus and Star Performance Awards recognize superlative performance of the employees. These awards are provided to the employees in the form of trophies, Hats off Points (HOPs), and sponsored vacations.
On the occasion, Aditya Chopra, Head Communities, ETHRworld commented, “The ET Human Capital Awards recognizes organizations for their exceptional Human Resource management performance. We congratulate NIIT on receiving the gold medal for its industry-leading Rewards & Recognition strategies. The company’s commitment to its employees and its innovative approach to rewards and recognition make it a deserving recipient of this year's gold medal."
The Economic Times Human Capital Awards aims to inspire leaders to grow their human capital by investing in their people, processes & culture. It is a platform that brings together the best minds in the HR world to spark conversations around the challenges, ideas, and solutions to grow overall human capital. The platform also honors the organizations with the best people strategies. The winners of the ET Human Capital Awards were shortlisted through a three staged jury process, where 800 entries were examined across 26 categories.
*Please note: The Economic Times Human Capital Awards is an event by Economic Times which aims to inspire leaders to grow their human capital by investing in their people, processes & culture and in no manner is related to NIIT Ltd.
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| NIIT awarded as ‘Institutions with excellent Training and Placements’ at BW Education Top Education Brand Awards 2022 |
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NIIT Limited has bagged the “Institutions with excellent Training and Placements” award at the BW Education- Top Education Brand Awards 2022. NIIT Digital was awarded for its innovative training methodologies and contribution to the new age technology training sector.
NIIT Digital is a Learner Experience Platform by NIIT Ltd, which has played a significant role in connecting corporate and individual learners seamlessly. With the aim to provide deep learning and deep skilling to transfer, NIIT Digital has successfully enabled an environment for improving learning, effectiveness, and efficiency through live interactive learning and mentoring sessions. Along with providing new age, online, instructor-led tech programs, the NIIT Digital platform also provides placement assurance to truly assist the career transformation journey of the learners.
For more than four decades, NIIT has been playing a key role in defining the expansion of the Indian IT sector by developing a skilled labour pool in line with global market demands.
The BW Education Top Education Brand Awards 2022 is an annual event by BW Education which focuses on recognizing and applauding the quality of education in India. The summit provides a platform to institution leaders and regulators where they can unite and explore how they can leverage technologies, strategies, and management tools with each other to help create a world class Institution.
*Please note: The BW Education Top Education Brand Awards 2022 is an annual event by BW Education which focuses on recognizing applauding the quality of education in India and in no manner is related to NIIT Ltd.
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| News@NIIT |
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