New Delhi, July 24, 2008: For the first quarter ending June
30, 2008, NIIT Limited, the leading Global Talent Corporation has recorded net
revenue of Rs. 259.5 Cr, representing a 15% increase YoY. Operating Profit grew
29% to Rs. 18.7 Cr. The company reported Profit After Tax at Rs. 17.0 Cr versus
Rs. 15.4 Cr recorded during the previous year.
NIIT Limited recorded 25% growth in global system-wide revenue, which stood
at Rs. 366.4 Cr, for the quarter.
The results were taken on record at the meeting of the Board of Directors of
NIIT Limited here today.
During the first quarter of FY 2008-09, NIIT launched NIIT Institute
of Process Excellence—a JV with Genpact, to create talent pool for
Business & Technology Services industry. The new company will offer programs
in business processes, language skills and business communication, followed by
other areas including finance and accounting, banking, insurance and supply
chain management. NIIT Institute of Process Excellence programs are designed for
students aspiring to build sustainable careers in the high growth business and
technology services industry.
Commenting on the company’s Q1 performance, Mr. Rajendra S. Pawar, Chairman,
NIIT said, ‘Our drive to develop global talent has been strengthened
with launch of the JV with Genpact for the BPO sector’.
Overall Individual Learning Solutions enrollments crossed the
1,00,000 mark during the quarter.
Individual Learning Solutions in IT recorded growth in net revenue of 34% YoY
backed by 28% growth in global career enrollments. During the quarter, NIIT
expanded presence in key global markets including China and Africa.
India career enrollments grew by 25% driven by strong response from the
graduates and engineers segments. In the domestic market, NIIT added 12 new
centres in the quarter and expanded seat capacity by 15% YoY.
In China, NIIT set up state-of-the-art model training facilities in Tiandi
Software Park in Dalian, and started its model learning centre in Chongqing.
This took the overall tally of NIIT centres in China to 177 across 24
According to Mr. Vijay K. Thadani, Chief Executive Officer, NIIT,
‘Strong enrollments coupled with significant wins in schools and
corporate learning solutions led to a record order intake of Rs. 500 Cr.
Accelerating revenue growth resulted in operating profit improvement of
Finance & Management Training (FMT) recorded 104% growth in net
revenue. The FMT business extended its reach to 22 locations across the
country, by setting up new state-of-the-art learning facilities in Jamshedpur,
Ludhiana and Jaipur.
With the addition of two new executive management programs for family owned
businesses and frontline managers, FMT has extended its offering to 22 programs
and 6 partner institutes.
For the BFSI sector, FMT enhanced its offering in Insurance and Financial
Planning taking the total to 6 programs while adding new banks as its partners.
School Learning Solutions show robust growth of 42% in net
revenue driven by strong demand for its solutions from Government and
Private schools. During the quarter, NIIT received mandate to provide computer
aided education in more than 2,000 State Government Schools in Andhra Pradesh.
The company also received order extensions in Chattisgarh and Bihar. In private
schools, NIIT has strengthened its offering with the launch of MathLab and
Education Resource Planning Solutions for schools.
Mr. P. Rajendran, Chief Operating Officer, NIIT said, ‘With new
offerings and addition of a record 2,124 schools, School Learning Solutions has
strengthened its leadership position.’
Fresh Order Intake crosses Rs. 500 Cr during the quarter
This included a fresh order intake of more than Rs. 200 Cr for IT and IT
enabled education from schools and USD 39.2 million for its Corporate Learning
NIIT, Asia’s No. 1 IT trainer and leading Global Talent Development
Corporation, offers learning and knowledge solutions to 5 million students
across 34 countries.Leading IT magazine Dataquest has conferred upon
NIIT, the Top IT Training Company Award 2007. Rated among India’s Superbrands
(2003-05), NIIT’s Individual Learning Business offerings
include: Industry-endorsed programs for students seeking careers in IT: GNIIT,
Integrated ANIIT for Engineers (IAE) and Advanced Technology Programs for IT
For working professionals, NIIT Imperia, Centre for Advanced
Learning, offers Executive Management Education Programmes in
association with Indian Institutes of Management (IIMs) at Ahmedabad, Indore and
NIIT Institute of Finance Banking & Insurance (IFBI),
formed by NIIT with equity participation from ICICI Bank, offers programs for
individuals and corporates in Banking, Financial Services and Insurance.
NIIT Institute of Process Excellence Ltd (NIPE), formed in
joint venture with Genpact will address the increasing demand for skilled
workers in the business & technology services industry by providing training
programs in relevant areas.
NIIT offers turnkey IT integration program for schools. NIIT has provided
computer-based learning to over 7,700 government and private
NIIT’s Corporate Learning Solutions, offers integrated
learning solutions (including strategic consulting, learning design, content
development, delivery, technology, assessment and learning management) to
Fortune 500 companies, Universities, Technology companies, Training corporations
and Publishing houses.
Element K delivers learning solutions for customers and
partners through a tailored combination of catalog learning products,
technology, and services. The offerings include: vLab®:
hands-on labs, instructor-led courseware, comprehensive e-reference libraries,
technical journals, and KnowledgeHub™: hosted learning
NIIT together with Element K is now the first and the best choice for
comprehensive learning solutions, worldwide.For media queries,
Prateek Chatterjee, NIIT Limited, Ph: +91 9910201085, +124 4293041;
Shivanjali Singh, NIIT Limited, Ph: +91 9811991107; +124 4293044;
Email: firstname.lastname@example.org or Visit
Investors may contact:
Kapil Saurabh, NIIT Ltd, Ph: +91 124 4293324; Fax: +91 124 4293333;