The Corporate Learning Business has been transferred to NIIT Learning Systems Limited and will now be known as NIIT Managed Training Services (NIIT MTS). The remaining business comprising of the Skills & Careers Business shall continue in NIIT Limited. This reorganization creates two independent companies with sharper focus on respective businesses, greater agility and customer centricity, thus maximizing value for respective stakeholders. Both companies shall remain part of the NIIT Group and be listed on the BSE/NSE.
NIIT Limited, a global talent development corporation announced today that it has been reorganized into two separate companies.
NIIT Limited, a global talent development corporation announced today that its two main business units have been reorganized into two separate companies on the National Stock Exchange (NSE), India.
As an organization, NIIT has seen massive transformation for both its business units - Skills and Careers Group and the Corporate Learning Group. However, while there are common elements across the organization, both businesses are increasingly different with different target segments, customers, geo-focus, strategy, growth and profitability trajectory, investment requirements, and risk profile. The founders and management team at NIIT believe that both businesses run independently, will be able realize their true potential with the following benefits:
Maximize the massive multi year growth opportunity for both businesses due to rapid transformation
Fully leverage the capital at NIIT to support the growth ambitions of both businesses
Give undivided attention to target with the differentiated offerings, and clear positioning
Unencumbered decision-making and capital allocation to the Board and Management of both the new entities
“We are excited about the profound impact we
aim to make in the realm of global
Rajendra S. Pawar
“The demerger empowers the newly created NIIT Learning Systems Ltd. to sharply focus its management team and capital on the significant opportunities emerging in the Learning Outsourcing space and achieve global market leadership.”
CEO and Executive Director