Q2 (July – September 2013) Insight@NIIT:Vol.20 Investor Communication Contents
     
 

 
   

     
   
. Contents
 
 


 
     

     
   

 

NIIT Limited announces Q2 (July - Sept 2013) Consolidated Results FY 2013-14
 
 
 

 

 

 

 

 

 

Vijay K. Thadani
CEO
NIIT Limited

Our focus on Managed Training Services as one of the four growth platforms, enabled Corporate Learning Business to achieve a growth of 32%, signalling a strong enterprise demand for the offering.

 

 

 

 

 

 

 

 

 

Rajendra S Pawar
Chairman
NIIT Limited

NIIT’s portfolio of offerings beyond IT is now taking shape with the Banking domain showing a healthy growth with a surge in placements.

 

 

 

 

 

 

 

 

 

P Rajendran
COO
NIIT Limited

The Nguru platform, together with cloud adaptation is receiving serious market attention as it offers distinctive advantage to schools – both in educational content and for school resource management.

 

 

 

 

 

 

 

 

Learner-centric Cloud strategy creates momentum

  • NIIT records Net Revenue at Rs 262.4 Cr
  • Corporate Learning Solutions grows 32% YoY
  • Career enrolments for Banking programs up 15% YoY
  • Cloud Campus expands to cover 78 courses and 209 centres
NIIT Limited : Consolidated Financials at a Glance (in Rs Cr)
  Qtr ended Sep 20, 2012 Qtr ended Sep 30, 2013
Net Revenue
279.1
262.4
EBITDA
26.1
24.3
Profit After Tax
11.6
12.0

October 18, 2013, New Delhi: NIIT Limited, leading Global Talent Development Corporation and Asia’s largest IT trainer, today reported its results for the second quarter ending September 30, 2013. In this quarter, the company recorded Net Revenue of Rs. 262.4 Cr and PAT of Rs. 12 Cr.

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

During the quarter, Corporate Learning Solutions (CLS) recorded net revenues of Rs. 99.3 Cr, up 32% YoY. The pending order book was USD 53.1 Mn, 69% of which is executable over the next 12 months.

Reflecting a strong global acceptance of its Corporate Training offerings - led by Managed Training Services - NIIT received the most prestigious recognition in the learning and development industry: The Brandon Hall Awards in USA, this quarter. NIIT won the Brandon Hall Excellence Gold Award in the “Best Training Program for the Extended Enterprise” category, jointly with Allstate. It was also awarded the Brandon Hall Excellence in Learning 2013 Silver Award in the “Best Custom Content” category, jointly with Shell.

Career Building Solutions (CBS) recorded net revenue of Rs. 126.9 Cr backed by Cloud-enabled program enrolments of over 13,800. The pioneering Cloud campus initiative has now expanded to cover 78 courses and 209 centres with a cumulative enrolment of over 47,000 students. CBS launched new products during the quarter including Mobile Apps, Program on Global Finance and Accounting, and Diploma in Corporate Accounting and Applied Finance.

In Q2, NIIT entered into a partnership with Autodesk to introduce training programs in Design as a learning discipline in India. The objective of the program is to promote design literacy, design skilling and research & innovation in design.

During the quarter, NIIT announced India’s most significant IT Scholarship program - ‘22nd Bhavishya Jyoti Scholarship’, to reward meritorious students desirous of building successful careers in diverse industries that require Information Technology skills. Bhavishya Jyoti Scholarship is NIIT’s initiative to enhance employability of meritorious students and make them job-ready to meet the industry needs.

NIIT Institute of Finance, Banking & Insurance Training Ltd. (IFBI) completed 7 years of successful operations in Q2. During these 7 years, IFBI reached its leadership position in the industry, having trained over 1,00,000 banking professionals for the Banking sector and placed over 25,000 graduates.

During the quarter IFBI placed 3,312 students, up 188% YoY. Fresh enrolments grew by 15% YoY. IFBI organized the 3rd National Banking Career Fair to benefit students aspiring to make a mark in India’s fast-evolving banking sector.

Management training enrolments at NIIT Imperia grew 18% YoY in Q2

School Learning Solutions (SLS) recorded net revenue of Rs. 35.8 Cr during the quarter.

The recently launched Quick School Cloud – NIIT’s Cloud based ERP solutions for schools witnessed widespread interest with 28 schools commissioning this service, spanning 33,000 students in its pilot phase. NIIT also trained 3040 teachers and school principals on CCE (Continuous and Comprehensive Evaluation) and leadership training across the country, as an empanelled member of CBSE (Central Board of Secondary Education).

NIIT’s vocational skills training initiative - NIIT Yuva Jyoti, established in partnership with National Skill Development Corporation (NSDC) continued to gain momentum with new centre locations added during Q2, taking the total number of centres locations to 43, with over 10,600 enrolments


 
     


     
   

 

NIIT and Autodesk partner to redefine design education in India
 
 
 

Vijay K. Thadani
CEO
NIIT Limited

We are delighted to partner with Autodesk to introduce avant-garde courses in design for students across India. We evangelized IT training in India and now three decades later, we are excited to start a new wave of evangelizing design thinking and training in India.

 

 

George Abraham
Director of Emerging
Markets, Autodesk
Education

We at Autodesk are committed to advancing technical education and skill development in design education in India. Partnership with NIIT will further our vision to promote design education by meeting critical gaps in talent pool with our skills and pedagogy to help people imagine, design and create a better world.

 

 

 

Rajendra Pandey
President, NIIT
University

We are committed to being the leading centre of Innovation and learning in emerging areas of the knowledge society. “Design Thinking,” today, is an essential skill for a successful knowledge professional. A workforce enriched with Design Thinking skills will help India become a world leader in Innovation.

Aim to reach over a million students in a decade with cutting-edge programs that promote ‘design thinking’

NIIT, leading Global Talent Development Corporation, and Asia’s largest IT trainer, NIIT University, the University of the Future and Autodesk Inc. (NASDAQ: ADSK), a world leader in 3D design, engineering and entertainment software and services today entered into a tripartite Memorandum of Understanding (MoU) to evangelize design as a learning discipline in India. The objective is to promote design literacy, design skilling and research & innovation in design. Given the dynamism in markets, work roles, and customer expectations, design thinking today is being recognized as one of the essential skills for all industries.

Under this significant partnership, NIIT and NIIT University will leverage design tools of Autodesk to offer a host of design programs. NIIT University will set up a design lab and launch masters programs in design to support research and innovation. In addition, various specialized design programs will be launched for college students in verticals such as interface design, application design and media & entertainment design with an aim to create a pool of skilled manpower for these specific industries. For school students, NIIT will introduce design literacy programs to promote design thinking. NIIT along with Autodesk and a specially constituted Design Advisory Council, set up under the aegis of NIIT University, will be designing the curriculum. More than a million students will be reached in over a decade.

 
     

     
   

 

NIIT announces Bhavishya Jyoti Scholarship - India’s most significant IT Scholarship program
 
 
 

Rajendra S Pawar
Chairman
NIIT Limited

NIIT will usher the next revolution in education through Cloud Campus.

 

 

 

 

 

 

 

 

Amitabh Lahiri
President, Career
Building Solutions,
NIIT Ltd

Bhavishya Jyoti Scholarship is an integral part of NIIT’s commitment to recognise and encourage meritorious students from varied economic backgrounds, to help them build a successful career.

 

 

 

 

 

Conducts Annual Scholarship Test on September 22nd across the country

NIIT, leading Global Talent Development Corporation announced India’s most significant IT Scholarship program - ‘Bhavishya Jyoti Scholarship’, to reward meritorious students desirous of building successful careers in diverse industries that require Information Technology skills. This is NIIT’s initiative to enhance employability of meritorious students and make them job ready to meet the industry needs.

Based on the students’ performance in a competitive written test and Standard XIIth score, NIIT offered over 20,000 scholarships across the country this year for its popular IT and new age career programmes, such as Programmes in GNIIT/GNIIT Series, Diploma/ Post Graduate Programme in IT/Global Net+/Commerce and in Programmes like Diploma in Corporate Accounting and Finance. The scholarship examination was conducted simultaneously across hundreds of NIIT education centres, in the country on Sunday September 22, 2013.

As per National Skills Development Corporation, skills and Knowledge are key factors for the economic and social growth of the country. As the proportion of population in the working age group of 15 to 59 years is projected to increase, about 13million persons are expected to join the workforce annually. It is necessary that the workforce be adequately skilled to realize the 'demographic dividend'

To enable students to avail this opportunity, NIIT awarded fee waivers of up to Rs. 30,000 across the country this year, based on their Class XII performance, performance in a competitive written test, followed by a personal interview.

Bhavishya Jyoti is one of India’s most recognized and trusted scholarship programme with 22 years of market presence and almost 4 lakh students have been benefited from the scholarship till date.


 
     

     
   

 

NIIT IFBI announces 4th National Banking Entrance Test for industry- linked post graduate programs
 
 
 

Bimal Jain
President,
NIIT IFBI

Banking sector is known to be stable and offer long term career prospects as banks invest huge amount of resources to keep the professionals agile and sharp in today’s competitive market environment. NBET is an initiative by IFBI to develop a trained resource pool for the fast evolving BFSI industry.




NIIT Institute of Finance, Banking & Insurance Training Ltd. (IFBI) – India’s largest Banking training institute, announced its 4th National Banking Entrance Test (NBET) for their Post Graduate programs from September 13th to 22nd 2013. Successful candidates were eligible for direct admission into the industry linked diploma programs - Post Graduate Diploma in Banking Operations (PGDBO) and BankVantage Career programs. At select locations, top candidates on the merit list were offered pre-course placement offers from leading private sector banks in India.

The eligibility criteria for the National Banking Entrance Test were as follows: - Graduates/Post graduates with 50% or above in graduation, Class XII & Class X, and final year - - Candidates should be born on or after 1st February, 1989

NBET was an online examination in the areas of Verbal, Numerical, Logical and Basic Checking. Following which, shortlisted candidates were called for a round of personal interviews. NIIT IFBI has trained over 125,000 students and working professionals in India for the Banking and Financial Services Industry, in the last six years, and has placed its students with leading banks.

With India close to fulfilling its long-awaited commitment of opening more banks in order to achieve financial inclusion, job opportunities in the banking sector are set to rise. By 2018 the banking industry is expected to generate around 7.5 lakh jobs, making the banking industry the leading job creator in the country.



 
     

     
   

 

Shell and NIIT Honored with Brandon Hall Silver for Best Custom Content
 
 
 

Sapnesh Lalla
Chief Executive,
Corporate Learning
Solutions,
NIIT Ltd.

This award reaffirms our commitment to developing top quality custom content that delivers measurable business impact for our customers.

 

NIIT, a global, marketing-leading, managed training services company announced that Shell and NIIT have earned the Silver award in the Best Custom Category at the prestigious Brandon Hall Excellence Awards, 2013 for the Shell Lead, Prepare and Apply program.

Now entering its 19th year, the Brandon Hall Group Excellence Awards Program is the most prestigious awards program in the learning and development industry. Brandon Hall is a preeminent research and analyst organization and its annual excellence awards are often referred to as the “Academy Awards” by Learning, Talent and Business Executives.

The Brandon Hall Group Excellence Awards Program recognizes organizations that are focused on developing and implementing world-class initiatives that show exemplary business performance and focus on best practice.


 
     

     
   
P . Allstate and NIIT Strike Gold at Brandon Hall
 
 

Sapnesh Lalla
Chief Executive,
Corporate Learning Solutions,
NIIT Ltd.

The Agency Transformational Model developed collaboratively by Allstate and NIIT for Business Insurance is an outstanding example of innovation and best practices for training the extended enterprise. The program has delivered measurable business impact.


NIIT, a global, marketing-leading, managed training services company announced that Allstate and NIIT have earned the Gold award in the Best Sales Training Program for the Extended Enterprise at the prestigious Brandon Hall Excellence Awards, 2013.

In its 19th year, the Brandon Hall Group Excellence Awards Program is the most prestigious awards program in the learning and development industry. Brandon Hall is a preeminent research and analyst organization and its annual excellence awards are often referred to as the “Academy Awards” by Learning, Talent and Business Executives.

The Brandon Hall Group Excellence Awards Program recognizes organizations that are focused on developing and implementing world-class initiatives that show exemplary business performance and focus on best practices.


 
     

         
. NIIT in News
   
 
 
     

     
 
. Campaigns
 
 

 
     

         
. Environment Scan
   
 
 
     

 
 
For further queries, please write to
 

 

investor.relations@niit.com or contact the Editor at- prateek.chatterjee@niit.com
Follow NIIT on Twitter at www.twitter.com/niitltd
 
 

Copyright © 2008 NIIT Limited