- Asia’s No. 1 trainer & leading Global Talent Development Corporation—NIIT strengthens its leadership in the Indian training market
- With revenue growth of 77% YoY, NIIT is double the size of next 6 players put together
New Delhi, August 10, 2007: The Indian IT training market is on the upswing, recording a 46% YoY growth to log revenues of Rs. 2,135 Crore in 2006-07, reports leading IT magazine Dataquest.
Asia’s No. 1 trainer and leading Global Talent Development Corporation, NIIT has further strengthened its leadership position in the Indian IT training market. With revenues of Rs. 795 Crore, up 77% YoY in FY 2006-07, NIIT grew to become double the size of next 6 players put together.
According to Mr. Vijay K. Thadani, Chief Executive Officer, NIIT, “We are pleased to be No. 1 yet again. The strong growth in revenue reflects the wide acceptance of the GNIIT and Edgeineers programs by the students and industry, alike.
NIIT will continue the growth momentum through new offerings, enhanced capacity and global partnerships.” adds Mr. Thadani.
As per the annual survey conducted by Dataquest, the IT training industry is on a growth path with corporate training and exports being the key drivers. Last year, nearly 60% of NIIT’s revenues came from its overseas operations.
The growth in hiring by IT companies, increasing requirement for newer skill-sets and the rapid change in technology, continued to spur the Individual Training segment. NIIT’s flagship GNIIT program recorded an increase of 112% YoY, reports Dataquest. To cater to the manpower needs of ICT industry, NIIT targeted engineering students and launched ‘NIIT Edgeineers’ series to make them ‘job-ready’.
The report also highlights the need for skilled manpower in the Infrastructure Management space. During the period, NIIT also introduced its industry-endorsed NetworkLABS curriculum to help build skilled manpower for this segment.
As per the report, the corporate training business contributed 64% of the total training market. With the added strength of Element K, and new initiatives such as NIIT Litmus, NIIT’s corporate learning business witnessed strong growth from the developed countries such as the US.
As part of the corporate training initiative, NIIT recently announced its partnership with technology giant Intel to launch multi-core training curriculum, globally. The curriculum has been developed jointly and will be deployed by NIIT using its global delivery capability for the benefit of the software developer community.
Recent Accolades for NIIT:
- The DQ Top 20 series also features NIIT among the Top 50 IT companies and the Top 20 Fastest Growing Companies in the Indian IT sector.
- TrainingOutsourcing.com has ranked NIIT and Element K among the Top 20 in the Training Outsourcing Industry, worldwide.
- As per Avaya GlobalConnect and Economic Times, customers have ranked NIIT as “India’s Most Customer Responsive Educational Institution”, for the 2nd consecutive year.
- NIIT was ranked amongst India’s Top 50 Most Trusted Services brands in a survey conducted by The Economic Times Brand Equity in 2007, for the third time.
- NIIT was awarded the ‘ICTE Gold Medal 2006-07’ by the Ho Chi Minh Computer Association.