NIIT awarded Learning and Performance Institute Accreditation for commitment to high quality and process improvement in learning, development and training services
Emerges as a leading Corporate Training provider through significant wins in North America, Europe & India during the first 9 months of FY17
New Delhi, India and London, United Kingdom, January 5, 2017: NIIT Limited, a global leader in skills and talent development, and a leading provider of managed training services announced today that it has been awarded the status of Accredited Learning Provider for its commitment to high quality and process improvement in the provision of learning, development and training services to clients by the Learning and Performance Institute (LPI), UK.
LPI is the global membership body for learning professionals and organisations, whose aim is to raise the profile of those in the workplace learning sector by sharing and celebrating the knowledge, experience and skills of their members and accredited partners. LPI accreditation is the globally-recognized quality mark for providers of learning products, technologies, services and facilities. Out of the 14 Key Performance Indicators that each provider is measured against, NIIT scored 100% on 10 of them and above average on most indicators.
The Corporate Learning Group (CLG) of NIIT has had the most successful customer and new business acquisition period during the first 9 months of FY17 as compared to the similar period of past few years, following recent multi-year contracts. During this fiscal year, NIIT's CLG business has added 5 new multi-year contracts and 4 renewals in the Telecom, Oil & Gas, Life Sciences, Technology, Manufacturing, Energy, and Mining sectors.
NIIT's corporate learning business grew at a robust 23% YOY as recorded in Q2 FY17. The international Corporate Learning Group (CLG) that contributed 60% to the overall revenue of NIIT in Q2, offers world-class corporate learning and managed training services (MTS) to leading Fortune 500 and Global 500 companies in North America, Europe, Asia, and Australia.
With a proven global track record and strategic partnerships with many market-leading clients in North America and Europe, NIIT has charted out an aggressive strategy to emerge as one of the leading corporate training providers in India. NIIT's strategy is to bring the same best-of-breed, comprehensive managed training services to meet the needs of discerning corporate customers in India, across all domains, with a focus on large local and multi-national companies. The LPI accreditation is independent and international acknowledgment for NIIT as a forward-thinking, reputable provider, committed to learner outcomes, performance development and customer satisfaction.
Corporate Learning in India additionally contributed 10% to NIIT's revenue as recorded in Q2 FY17. This took the overall contribution of corporate training to NIIT's global revenue to 70% in Q2. NIIT is already working with leading Indian corporates like Wipro, ICICI, Genpact, Reliance, Vodafone, Gionee, Ericsson, Maruti-Suzuki, Deloitte among many other blue-chip Indian & MNC firms in the country, offering services like Technology Training, Sales Enablement Training, Soft Skills Training, and Source-Train-Hire services across sectors. With the launch of StackRoute, NIIT has also reinforced its leadership position as a pioneer in meeting the future skill needs of the IT sector.
Mr. Rahul Patwardhan, CEO, NIIT Ltd., said, "We have worked with market leading companies across the globe to provide award-winning, industry-recognized training solutions and services. With multi-national companies expanding their Indian presence and the country's burgeoning workforce, learning outsourcing is emerging as a trend to ensure that the workforce is always equipped to handle the dynamics of a demanding and challenging work environment. With our keen understanding of the challenges that digital transformation poses to organizations and the workforce, we are equipped to offer the best training solutions to corporates."
Mr. Sapnesh Lalla, President, Corporate Learning Group, NIIT Ltd. said, "We have always prided ourselves on the ability to deliver measurable business impact and value to our customers and the LPI accreditation not only reinforces our commitment to that, but also allows us to thoroughly evaluate our performance against best-in-class providers. The LPI benchmarks performance data across our peers and we are delighted to meet and exceed these globally recognized standards set by the LPI. We are now excited to bring these internationally acknowledged training solutions to the Indian market."
Edmund Monk, Managing Director, Learning and Performance Institute said, "With LPI Learning Provider accreditation in place, purchasers of learning can be assured that NIIT now stands among the very best, operating at the highest levels of customer satisfaction and continuously adapting to remain relevant within its marketplace. NIIT is to be commended for its efforts in achieving accreditation status; the programme is unique in its meticulous approach to examining every aspect of an organization's activity and the standards needed to qualify for accreditation are high. Everyone at NIIT can be extremely proud of their efforts. I have no hesitation in recommending NIIT as a high quality learning provider."
The challenging global economic environment has forced companies to focus on areas where costs can be reduced and made variable while not compromising on real learning outcomes. NIIT's business-focused training outsourcing services in North America and Europe have led to tangible business impact for customers. As companies in India grow and continue to expand their workforce, NIIT has witnessed the emergence of training outsourcing as a growing trend in India. NIIT perceives a huge potential for industry-aligned, globally benchmarked corporate learning solutions in the country.