- 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.
About NIIT
NIIT, Asia’s No. 1 trainer and leading Global Talent Development
Corporation, offers learning and knowledge solutions to 5 million students
across 32 countries.
Leading IT magazine Dataquest has conferred upon NIIT, the Top IT Training
Company Award 2006. 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 professionals.
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
Kolkata.
NIIT Institute of Finance Banking & Insurance (IFBI),
formed with equity participation from ICICI Bank, offers programs to develop
talent for the banking industry.
NIIT offers turnkey IT integration program for schools. NIIT has provided
computer-based learning to over 5000 government and private
schools.
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
management platform.
NIIT together with Element K is now the first and the best choice
for comprehensive learning solutions, worldwide.
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