Q3 (October-December 2018)
Investor Communication
Q3 Results
NIIT Limited announces Q3 (October - December 2018) Consolidated Results









Vijay K Thadani
Vice Chairman & Managing Director, NIIT Limited
"We have raised overall growth and profit trajectory with both large businesses building momentum on key parameters. The Corporate Learning business has grown 25% YoY with a stable Operating Margin. The new initiatives in Skills and Careers business including StackRoute and Talent Pipeline as a Service (TPaaS) have delivered strong performance."










Sapnesh Lalla
Chief Executive Officer
NIIT Limited
"Skills and Careers business added two significant enterprise customers and received two TPaaS mandates during the quarter. We welcome Bimaljeet Singh Bhasin as a part of NIIT senior leadership team. With his rich and diverse experience he will further spur the growth momentum."






  • Records Net Revenue at Rs. 227.8 Cr, up 9% YoY
  • EBITDA at Rs. 20.0 Cr; Operating Margin at 9%; PAT of Rs. 19.4 Cr.
  • Corporate Learning Group (CLG) grows 25% YoY; CLG revenue visibility grows 28% YoY to $255 Mn

New Delhi, January 24, 2019: NIIT Limited (NSE: NIITLTD), a global leader in skills and talent development, today reported its results for the third quarter ending December 31, 2018. During the quarter, the company recorded a Net Revenue of Rs. 227.8 Cr. up 9% YoY with a PAT of Rs. 19.4 Cr. EBITDA was at Rs. 20.0 Cr. reflecting an Operating Margin of 9%.

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

Corporate Learning Group (CLG) recorded net revenue of Rs. 161.4 Cr up 25% YoY. EBITDA was at Rs 23.4 Cr, reflecting an Operating Margin of 15%.

CLG's focus on Life Sciences resulted in signing of two multi-year Managed Training Services contracts in this space during the quarter - one with a large Pharma company and another with one of the largest operators of hospitals in the US.

Skills & Careers Group (SNC) recorded net revenue of Rs. 63.4 Cr in Q3.

During the quarter, Bimaljeet Singh Bhasin joined as the President - Skills and Careers Business (SNC) India Operations. Bimaljeet will be responsible for driving this vertical which focuses on providing career related learning and talent development programs to individuals and enterprises in India.

Talent Pipeline as a Service (TPaaS) added two significant customers, one large bank and a large IT Services company, in the quarter.

StackRoute, NIIT's deep skilling initiative added a large global Systems Integrator as a key customer for reskilling of a large number of their engineers on digital technologies using NIIT's proprietary virtual immersive platform. A leading public sector bank awarded NIIT a large contract for on-boarding more than 2500 employees.

During the quarter, NIIT held the 2nd Indian edition of its international customer conference – "NIIT Confluence", in Goa from 6th – 8th December 2018. Based on the theme "Achieving Learning Outcomes at Scale", NIIT Confluence attracted widespread participation from thought leaders and CHRO's in the space of Learning & Development. Key speakers included HR heads and Sr. leadership from organisations like – NASSCOM, Reliance Industries, Deloitte, Accenture, KPMG, State Bank of India, Indian Overseas Bank, ICICI Prudential Life Insurance, Capgemini, Cognizant, Wipro, Tech Mahindra, ISB, and IBM among others.

Corporate Learning business renewed the contract with one of its largest MTS customers in addition to adding two new customers and expanding its contract with one customer, resulting in CLG's revenue visibility growing to $ 255 Million up 28% YoY", added Mr. Lalla.

MindChampion Learning Systems Limited (MLSL) registered net revenue of Rs. 3 Cr during the quarter. It signed 64 private school contracts in Q3.

During the quarter, MLSL launched a new Maths program in partnership Marshal Cavendish Education – a leading national and regional provider of K-12 educational solutions in Singapore

MLSL organised Principals' Symposiums for principals from over 100 leading schools to highlight the importance of 21st-century learning skills in the school curriculum.

Other highlights:

  • StackRoute – NIIT's deep skilling initiative on digital technology, won the 'Leading Innovative Learning Partner for Enterprises' award at Dataquest Digital Leadership Conclave & Awards 2018.
  • Announced 27th Bhavishya Jyoti Scholarship (BJS) for Graduates and Under Graduates.
  • NIIT ranked among TrainingIndustry.com's 2018 Top 20 Companies in Gamification and IT Training
  • Awarded three 2018 Learning Technologies UK awards jointly with customers – two with Shell and one with Westfield Insurance


About NIIT

NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company, which was set up in 1981 to help the nascent IT industry overcome its human resource challenges, today ranks among the world's leading training companies owing to its vast and comprehensive array of talent development programs. With a footprint across 40 nations, NIIT offers training and development solutions to Individuals, Enterprises and Institutions. NIIT has three main lines of business across the globe – Corporate Learning Group, Skills & Careers Business and MindChampion Learning Systems Limited.

NIIT's Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania. The Skills & Careers Business (SNC) delivers a diverse range of learning and talent development programs to millions of individual and corporate learners in areas including Digital Transformation, Banking, Finance & Insurance, Soft Skills, Business Process Excellence, Retail Sales Enablement, Management Education, Multi-Sectoral Vocational Skills, Digital Media Marketing, and new-age IT. As NIIT's wholly owned subsidiary for its K-12 school learning initiative - MindChampion Learning Systems Limited (MLSL), provides futuristic NIIT nGuru range of learning solutions for schools comprising, interactive Classrooms with digital content, technology-driven Math Lab, IT Wizard programs and Quick School - an Education Resource Planning software. The Training.com learning platform is an NIIT initiative for advanced career programs, which are delivered live by industry experts in an immersive and interactive online mode, combining instructor-led classrooms with the convenience of accessing the training sessions from anywhere.

As the Most Trusted Training Brand in India for 5th year in a row (Brand Trust Report, 2017), NIIT's learning and talent development solutions, continue to receive widespread recognition globally. NIIT has been named among the Top 20 Training Outsourcing Companies for the past eleven consecutive years by Training Industry, Inc. USA. Further, leading Indian ICT journal Dataquest has conferred upon NIIT the 'Top Training Company' award successively for the past 20 years, since the inception of this category. NIIT has also been featured as the 'Most Respected Education Company'- 2016 by leading financial magazine, Business World.

MLSL organises Principals' Symposiums to highlight the importance of 21st century learning skills in school curriculum

Pradeep Narayanan
Head, MindChampion Learning Systems Limited (MLSL),
"Technology has completely redefined teaching learning experience in schools, allowing them to easily incorporate technology-enabled aids in their curriculum that makes teaching-learning fun-filled and more effective. Towards this, we provide classroom solutions which are an amalgamation of technology and the traditional print medium, thus helping the schools in integrating 21st-century learning skills in the school curriculum."

- Principals from 100+ leading schools participate in the symposiums

MindChampion Learning Systems Limited (MLSL), NIIT's wholly owned subsidiary for its K-12 school learning initiative, organised Principals' Symposiums in Hisar, Jodhpur, Tirunelveli & Nagpur to highlight the importance of 21st century learning skills in school curriculum.

Renowned educationists Archana Thakar, Jyoti Kathju & Sita Umamaheswaran conducted interactive talk sessions and some hands-on exercises with principals to highlight the importance of modern techniques in education. NIIT Nguru team elaborated on their holistic range of School Learning Solutions which aims to make the vital process of teaching and learning simpler, and also enlightened the principals on the importance of incorporating 21st-century learning skills in school curriculum.

NIIT Nguru offers holistic range of School Learning Solutions that comprises Digital - Interactive Classroom; Labs - IT Wizard, Math Lab & English Lab; Books - Math Classic, English Classic, Science Classic & My pals are here; Assessments - Practice Plus and School Support solutions - Quick School, Career guidance & Counselling programs.

Recently MLSL launched "MY PALS ARE HERE" an engaging series based on Singapore teaching methodology. Introduced in association with Marshal Cavendish Education, the series has been designed to build a strong foundation of mathematics and strengthen a child's conceptual understanding of the subject.

NIIT Nguru also comprises Practise Plus - An academically designed online solution for K-12 that enables practice and assessment. It facilitates, effective diagnosis of students' strengths and weaknesses which empowers teachers to take informed decisions on students' progress.

NIIT Ltd. appoints Bimaljeet Singh Bhasin as President - Skills and Careers Business (SNC) India Operations

Sapnesh Lalla
Chief Executive Officer
NIIT Limited
"We are delighted to have Bimaljeet as the President of Skills and Careers Business (SNC) India operations. Over the last 18 months, SNC has launched a number of new products and initiatives that have started taking root and are now poised to become growth drivers for this business. With Bimaljeet's leadership acumen, we are confident that this will accelerate. I heartily congratulate Bimaljeet and we are sure that his appointment will give further thrust to the growth drive of NIIT."

NIIT announced the appointment of Bimaljeet Singh Bhasin as the President - Skills and Careers Business (SNC) India Operations. Bimaljeet will be responsible for driving NIIT's Skills and Careers Business, which focuses on providing career related learning and talent development programs to individuals and enterprises in India.

Bimaljeet brings with him a diverse career experience of over 2 decades that spans leadership roles focused on building and scaling businesses. Bimal is an MBA from Symbiosis Institute of International Business, Pune and an alumnus of the Chicago Booth Accelerated Development Program.

In his last stint, Bimaljeet was with Manipal Global Education as the Vice President and Head-Enterprise Business. Prior to Manipal Global, Bimal worked with Wipro Limited for over a decade where he held multiple leadership roles.

Speaking on joining NIIT as President, Skills and Careers Business (SNC) India Operations, Bimaljeet Singh Bhasin said, "I am excited to join NIIT at a time when the career and workplace related learning is going through transformative changes. The industry is constantly evolving and with NIIT's 37 years of expertise in providing career focused learning solutions and my experience across the professional learning and talent development space, I am confident that we will chart a success story and take the company to greater heights."

StackRoute - a digital transformation partner for corporates by NIIT recognized as 'Leading Innovative Learning Partner for Enterprises'

Bimaljeet Singh
President, Skills and Careers Business (India), NIIT Ltd
"This award is a recognition of StackRoute's accomplishment in creating multi-skilled, multi-disciplinary and product engineering full stack developers. StackRoute today has created a niche for itself as the product engineering start-up providing disruptive learning solutions."

StackRoute, a digital transformation partner for corporates to build multi-skilled full stack developers at scale, has won the 'Leading Innovative Learning Partner for Enterprises' award at Dataquest Digital Leadership Conclave & Awards 2018. The award was received by Udai Singh, Chief Strategy Officer, NIIT Limited at a recent ceremony organized in New Delhi.

Dataquest ICT Conference & Awards 2018 is the Annual conference of IT Leaders and Decision Makers organized by Cybermedia. This year it focused on 5 big issues – IT Infrastructure & Cloud, Security, Bigdata & Analytics, and emerging solutions like IoT and AI. These are compelling technologies but continue to throw up challenges before technology and business decision makers in governments and organizations.

StackRoute® is an NIIT incubated venture. Established in August 2015, StackRoute runs programming, quality-engineering, data-science and digital architect series bootcamps. StackRoute programs are designed to be outcome oriented and work towards business relevant outcomes. As digital transformation partner, StackRoute works with large IT services companies and product engineering companies in building multi-skilled high performing full stack developers.

StackRoute focuses on full stack technologies (Java spring, .NET code, JavaScript – MEAN/MERN), emerging architectures and design trends in the Digital Ecosystem. Its graduates work on complex full stack web application around microservices, stream computing, distributed real time event processing, machine learning, natural language processing, and building reactive and performant applications.

NIIT announces 27th Bhavishya Jyoti Scholarship (BJS) for Graduates and Under Graduates

Anurag Gupta
Head, Career Education Business- India, NIIT Ltd
"At NIIT it has been our constant endeavour to offer challenging career opportunities to aspiring students in emerging areas of the digital economy. Over the past 26 years the scholarships have benefited over 5.2 lakh students. This has enabled a large number of job-ready professionals across different sectors."

- BJS completes 27 glorious years of empowering meritorious students with numerous challenging opportunities across multiple sectors

NIIT Limited has announced India's most significant IT & New-Age Careers Scholarship Programme - 'Bhavishya Jyoti Scholarship', to reward meritorious students desirous of building successful careers in today's digital economy.

Based on the student's performance in an aptitude test, NIIT will be offering scholarships across the country this year, in new-age career Programmes like Digital Marketing, Banking and Finance, Data Analytics, Accounting & Business Analytics along with scholarships in other career verticals. The scholarship examination is being conducted across hundreds of NIIT education centres, in the country and will continue till 31st October 2018.

In addition to students who have completed their Class XII or equivalent, graduates/or those currently pursuing graduation and post-graduation Programmes are also eligible for NIIT Bhavishya Jyoti Scholarship. The application forms for the test are available at NIIT education centers across the country.

Bhavishya Jyoti Scholarship will reward fee waivers of up to Rs 36,000 across the country this year. For over 26 years, these scholarships have offered endless opportunities to students, to prove their aptitude in the field of IT and other futuristic careers across verticals.

Bhavishya Jyoti is one of India's most recognized and trusted scholarship Programmes with 26 years of market presence that has benefitted over 5.2 lakh students since its inception. It is a unique initiative by NIIT to recognize, empower and attract students in NIIT ecosystem and reward students desirous of building successful careers in diverse industries. The Scholarship was launched by NIIT in 1991, to enable financially challenged meritorious students to pursue careers in IT and other new-age Programmes.

NIIT empowers youth by making them experience their dream career courses

Kshitij Jain
Vice President, Career Education Business, NIIT Ltd

"There are multiple career options available in today's digital economy, but the youth is often confused due to the lack of proper information and guidance. With focus towards being inspiring mentor and helping students make right choice, NIIT has rolled out a wide selection of micro programmes leading to aspirational careers, for both Graduates and Undergraduates."

- Offers Micro Programmes in Banking & Finance, Digital Marketing, Data Analytics, Accounting & Business Analytics and Information Technology

NIIT Limited has introduced micro programmes for graduates and undergraduates to help them make right career choice. The micro programmes provide an overview of the domain to which the particular Programme caters. On offer are Micro Programmes in Banking & Finance, Digital Marketing, Data Analytics, Accounting & Business Analytics and Information Technology designed to help students choose the best new-age programme suited to their aptitude to kick-start an aspirational career in the digital economy.

The Micro Programmes are a healthy mix of theory and activities and provide a sample of the actual new-age career programmes from NIIT. These Programmes have been built as a capsule of 4 hours, spread across 2 days. The classes will be conducted in a workshop mode either in Instructor-led training (ILT) or in Synchronous Learning technology platform depending upon the particular Micro Programme. Students will be awarded a participation certificate after successful completion of the Micro Programme.

While the options are plenty, information about the future-ready careers and the roles & path they entail are often not available to students. Hence, the youth seem to be 'drifters' not knowing what stream to choose and strongly feel the need for guidance and direction. Towards this, NIIT has launched micro programmes to provide students with an opportunity to choose the best career path for their future. Students can apply for these programmes by visiting the nearest NIIT centre.

The Micro Programmes offer students an opportunity to experience NIIT's unique learning methodology first-hand and take back home some key learnings about the domain to which the particular Micro Programme caters. NIIT also offers micro programmes on Soft Skills like Interview preparation, Resume Writing and Grooming etc.

For more information contact: - 180030006448

NIIT net profit doubles to Rs 26 crore in Q2 _Business Today_October 2018

Environment Scan
IT firms' skill gap to limit digital play_ Business Standard_ November 2018
Tech firms for extended internships this season_Business Standard_ November 2018
IT firms, start-ups boost campus hiring at engineering colleges_Business Standard_October 2018


For further queries, please write to
or contact the Editor at- Swati.Sharma@niit.com

Follow NIIT on Twitter at www.twitter.com/niitltdDesign Team:- Ajit Pal Singh, CLG


Copyright © 2008 NIIT Limited