Q2 (July-September 2022)
Insight@NIIT:Vol 56
Investor Communication
Q2 Results
NIIT Limited announces Q2 FY23 (July- September 2022) consolidated results



















Vijay K Thadani
Vice Chairman &
Managing Director,
NIIT Limited

“In the backdrop of a turbulent macro environment, the overall revenue growth and new contract additions while maintaining a 100% renewal track record, demonstrates the trust NIIT enjoys amongst its global customer base.”

“The recent investment in KNOLSKAPE is in line with NIIT’s stated strategy to deploy its growth capital for expanding its capability set and strengthen its market position”. 













Sapnesh Lalla,
CEO and Executive Director, NIIT Ltd.

“With multiple industries facing transformation, talent continues to be the key criteria for success for most large organizations and we continue to see a strong growth opportunity in both CLG and SNC businesses.”






Q2 Revenue at Rs. 392.2 Cr, up 24% YoY
Records EBITDA at Rs. 56 Cr and Profit After Tax of Rs. 39.6 Cr
Skills & Careers Group (SNC) revenue grows 119% YoY
Corporate Learning Group (CLG) added 3 MTS customers and signed 3 renewals: Records revenue visibility at USD 305 million

NIIT Limited (NSE: NIITLTD), a leading global talent development corporation, reported the financial results for its second quarter ending September 30, 2022. During the quarter, the company recorded consolidated Net Revenue of Rs. 392.2 Cr, up 24% YoY. EBITDA was Rs. 56 Cr and Profit After Tax was recorded at Rs. 39.6 Cr resulting in an EPS of Rs. 2.9.

The results were taken on record at the meeting of the Board of Directors held today.

Corporate Learning Group (CLG) recorded net revenue of Rs. 300.4 Cr, up 10% YoY. CLG added 3 MTS customers contracts and signed 3 contract renewals during the quarter, thus maintaining its 100% renewal track record. The number of MTS (Managed Training Services) customers stands at 70 and revenue visibility for CLG, at the end of the quarter was at USD 305 million.

During the quarter NIIT signed a definitive agreement for strategic investment in KNOLSKAPE Solutions PTE. LTD a leading Experiential Learning Platform company.

Skills & Careers Group (SNC) recorded net revenue of Rs. 91.8 Cr during Q2, up 119% YoY, aided by growth in its flagship offerings of StackRoute and TPaaS as well as RPS consulting which continues to scale its operations.

This quarter saw NIIT Institute of Finance, Banking and Insurance (NIIT IFBI) entering into new partnerships with leading financial institutions, including HDFC Bank and Bajaj Finserv thus consolidating its position as the leading provider of large-scale, job-ready pool of talent for the BFSI industry.

StackRoute continued to be a preferred choice for leading organizations for building digital and technology talent through deep-skilling programs. Large Global System Integrators, large & mid-size technology and digital companies and Global Captives continue to partner with StackRoute towards their skilling and reskilling initiatives to enable their workforce with new age software engineering, digital and data skills.

 Other Highlights

During the Quarter NIIT earned a total of 45 prestigious Brandon Hall Group HCM Excellence Awards, 2022 jointly with customers
StackRoute won 6 Brandon Hall Group HCM Excellence Awards, 2022 for its premier ‘Transformative Programs’, jointly with our client partners Dell Technologies, Philips, Happiest Minds, Persistent Systems and Zensar
NIIT was named to the Training Industry 2022 Top 20 Experiential Learning Technologies Companies List

NIIT announced Q2 FY23 (July- September 2022) consolidated results. Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited and Sapnesh Lalla, CEO and Executive Director, NIIT Limited, expressed their views on the growth & development of the company.​

To know more about the Q2 results, click the following link -


Bajaj Finserv and NIIT Ltd announce partnership to create large-scale, job- ready pool of freshers for BFSI industry





Gaurav Nigam,
SVP and Business Head, NIIT Ltd.,
“At NIIT, we have been working with the industry and the student community for over four decades and have a deep understanding of the talent and skills requirements brought in by Digital Transformation. Within this fast-changing ecosystem, there is a dire need to have the right talent that is ready to be absorbed in the banking market. Our strategic collaboration with a leading organization such as Bajaj Finserv will further contribute towards the training of young and talented youth in the banking space. Through this collaborative partnership, we will enable the creation of job ready skills in the banking sector and help learners realise their true potential.”



NIIT Institute of Finance, Banking and Insurance (NIIT IFBI) - a subsidiary of NIIT Limited, and Bajaj Finserv, today announced a partnership to create a large-scale, job-ready pool of talent for the BFSI industry. Bajaj Finserv, through its flagship CSR Initiative BEYOND, aims to train over 10,000 graduates, especially first-generation graduates, every year across India. This collaboration will scale up the reach of Bajaj Finserv’s Certificate Program in Banking, Finance, and Insurance (CPBFI) through NIIT’s wide network across different parts of India.

The programme is a customised training programme conducted by Bajaj Finserv for both undergraduates in their final years and graduates, especially first-generation graduates. Following this partnership, the programme - currently available to only students and alumni of Bajaj Finserv’s partner colleges – will now be accessible to freshers, both graduates and undergraduates across all states of India through NIIT’s reach and highly skilled BFSI trainer pool. Bajaj Finserv has till date trained over 20,000 graduates in more than 200 colleges in India.  

Ajay Sathe, Group Head - CSR, Bajaj Finserv Limited, said, “CPBFI, our flagship certificate programme under BEYOND, is perhaps the only comprehensive employability training programme that trains students on all the three aspects of employability viz., attitude, skills and knowledge. NIIT is a leading name in the Banking & Financial training space and an ideal partner in our mission of enabling today's aspiring graduate candidates to become successful professionals working in companies across banking, finance and insurance sectors. With NIIT's national presence, quality training standards and technology as an enabler, we are confident of making our training programme widely available across the country. We will be working closely with NIIT to bring various employment opportunities to those who successfully complete the programme."

Bajaj Finserv will bear a substantial part of the programme fees through its CSR Funds, thereby making the program available to students at a nominal fee. Learners who successfully complete this program will receive a certificate and will be provided with placement assistance both by Bajaj Finserv and NIIT.

To know more about the program and enroll, please click here

HDFC Bank partners with NIIT to train and hire Data Engineers





Bimaljeet Singh Bhasin,
President, Skills and Careers Business (India), NIIT ltd.
“At NIIT, we strive to build skilled human capital and enhance the workforce talent ecosystem. Amid the constantly changing business landscape, it is important for learners to be equipped with new age technology skills such as those in Data Engineering. Our strategic partnership with HDFC Bank is built on this premise to strengthen the talent pipeline. As part of the larger partnership, this first program will be a step forward in jointly providing high-quality professional education programs. Through this program, learners will be able to build a strong career in Data Engineering and cultivate the use of analytics for business insights.”



- Launches HDFC Bank Data Digits: Post Graduate Program in Data Engineering

NIIT Institute of Finance, Banking and Insurance (NIIT IFBI) - a subsidiary of NIIT Limited, announced a strategic partnership with HDFC Bank to build new age Digital Talent for the banking industry.

The partnership will aim to nurture talent in the new-age tech field of data science and empower them to leverage data meaningfully and deliver useful business insights. The learning programs will be delivered through live, instructor-led sessions, and guest lectures from senior executives of HDFC Bank. The first learning program to be launched is the HDFC Bank Data Digits-Post Graduate Program in Data Engineering.  

This program is the first of planned initiatives to raise digital skills in the BFSI industry. The program will make learners job ready in 12 weeks. Through this program the bank hopes to hire close to 100 data scientists in a year.

Ranga Subramanian, Senior Vice President, Human Resources, HDFC Bank said “It gives us immense pleasure to announce this partnership with NIIT to develop a strong talent pipeline for HDFC Bank. Through this partnership, we are launching a programme customised for HDFC Bank called 'Data Digits', a certification program in Data Engineering. This program has been curated to create a comprehensive training module which highlights key skills such as Data analytics and Big Data fundamentals among others, while additionally honing visualization skills for business insights. We are excited to partner with NIIT, a market leader in training aspirants for a skilled, knowledgeable, and tech savvy workforce. With this partnership, we are confident of creating the perfect launch pad for those wishing to pursue a career in Data Science.”

In terms of eligibility for the course, graduates with 0-2 years of experience, Engineering/MBA Analytics/ BE CS graduates can enroll in the program. Post the successful completion of the course, a learner will be a certified Data Scientist at HDFC Bank, having an E2 Grade.

To know more about the program and enroll, please click here - https://bit.ly/3unztBQ

Talent critical for India’s ECommerce growth, finds NIIT survey








Bimaljeet Singh Bhasina,
President, Skills, and Careers Business, NIIT Ltd.,

“India’s ECommerce markets is poised for exponential growth over the next few years. Our paper highlights talent as the key differentiator for accelerating growth. To orchestrate a seamless workflow across functional verticals, the workforce needs a blend of functional as well as digital skills. NIIT has incubated multiple initiatives over the last few years to specifically address the growing demand for highly-skilled and contemporary technology and digital professionals in India. DigitALL by NIIT is an initiative that has helped organizations across IT Services, Digital Products, Global Captives, Large Banks and Financial Companies, and Consumer organizations build high-quality tech and digital talent. Our programs impart contextual digital and data skills to non-tech (business and operations) roles to enable them to drive digital businesses.”


- Reflection of Industry leaders’ insights on the talent priorities for Indian Ecommerce sector

As the Ecommerce players across the country gear up for the upcoming festive season, NIIT Limited, a leading global talent development corporation, announced the launch of its thought paper titled “Talent Imperatives for ECommerce sector”. Based on deep conversations and a survey with several Ecommerce leaders, across Product management, Program management, Engineering, New initiatives design, Operations, Real estate expansion and Sales, this paper highlights that Digital roles have already crossed Sales as the most On-demand job function in the Ecommerce industry, and Talent is the key differentiator in accelerating the growth.

The paper reiterates that in addition to the core Digital roles, business, and operations roles, such as Product Manager, Digital Marketer, Catalog Manager, and Supply Chain manager, extensively use the knowledge of Digital technologies to create great customer experiences and drive business growth. Unlike traditional retail companies, where Digital Commerce is created as a standalone vertical or centre of excellence, the contemporary ECommerce companies have 100% digital operating model. In such an integrated model, there is overlap and cross leverage of skills across verticals.

The paper also reports findings from a survey around the key skill sets and mind sets that are the most critical for ECommerce professionals across functions. These are as follows-

Additionally, the survey reflects that the top roles that drive Digital transformation and must be developed further are Leaders, followed by Product Managers and Category Managers. 

Please access the complete thought paper here.

Environment Scan


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