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NIIT Limited announces Q3 (Oct - Dec 2013) Consolidated Results FY 2013-14 |
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Rajendra S Pawar
Chairman
NIIT Limited |
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| The margin growth of 279 bps, points to the underlying revival in business. |
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Vijay K. Thadani
CEO
NIIT Limited |
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| NIIT has been able to take advantage of the developing opportunities in the US market to record a 31% YoY increase in order intake in its Corporate Learning Business. |
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P Rajendran
COO
NIIT Limited |
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| The initial response to IT Wizard’s new avatar launch, has been encouraging. We are confident that this will result in good business from the next quarter onwards. |
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NIIT records Net Revenue at Rs 233.6 Cr
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PAT at Rs. 1.2 Cr, up 153% YoY
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Corporate Learning Solutions grows 34% YoY
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Enrolments for Banking programs up by 33% YoY
NIIT Limited announces Q3 (Oct-Dec 2013) Consolidated Results FY 2013-14 |
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Qtr ended
Dec 31, 2012
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Qtr ended
Dec 31, 2013
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Growth
YoY |
Net Revenue |
232.7 |
233.6 |
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EBITDA |
7.7 |
14.3 |
84% |
EBITDA% |
3% |
6% |
279 bps |
| Profit After Tax |
0.5 |
1.2 |
153% |
New Delhi, January 17, 2014: NIIT Limited, leading Global Talent Development Corporation, today reported its results for the third quarter ended December 31, 2013. In this quarter, the company recorded Net Revenue of Rs. 233.6 Cr with PAT of Rs 1.2 Cr. EBITDA grew 84% YoY registering a 279 bps YoY growth in Operating margin.
The results were taken on record at the meeting of the Board of Directors here today.
Corporate Learning Solutions (CLS) recorded net revenues of Rs. 105.9 Cr., up 34% YoY during the quarter. It added 3 new contracts in Q3, taking the Pending Order book for CLS to Rs 257 Cr. executable over the next 12 months.
Career Building Solutions (CBS) recorded net revenue of Rs. 91.7 Cr during the quarter. The pioneering Cloud campus initiative has now expanded to cover 92 courses across 210 centres with a cumulative enrolment of over 53,000 students. Placements during the quarter stood at 8,117 students.
Into its fourth decade of leadership in Global Talent Development, NIIT extended its portfolio by introducing a cutting-edge program in “Business Analytics” during the quarter. NIIT rolled out the comprehensive and unique program to develop the next generation of data scientists and business analytics professionals.
NIIT Imperia launched two new management programs during the quarter, in partnership with IIM Trichy: Post Graduate Certificate in Brand & Advertising Management and Essentials for Finance.
NIIT Institute of Finance, Banking & Insurance Training Ltd. (IFBI) strengthened its leadership position in the industry, with fresh banking enrolments registering an increase of 33% YoY.
School Learning Solutions registered net revenue of Rs. 35.5 Cr. during the quarter.
During the quarter, NIIT unveiled ITWizard Plus, a unique end-to-end solution that brings to the school all the key elements required by the teachers and students for learning and managing IT. NIIT also trained 1,899 teachers and school principals on CCE (Continuous and Comprehensive Evaluation) and leadership training across the country, as an empanelled member of CBSE (Central Board of Secondary Education).
NIIT’s vocational skills training initiative - NIIT Yuva Jyoti, established in partnership with National Skill Development Corporation (NSDC) continued to gain momentum, expanding its reach to a total number of 52 locations, with over 13,000 enrolments since commencement.
Other highlights:
About NIIT
Established in 1981, NIIT Limited, a leading Global Talent Development Corporation and Asia’s premier IT trainer, offers learning and knowledge solutions across 40 countries. Leading IT journal Dataquest has conferred upon NIIT the ‘Top IT Training Company’ award successively for the past 21 years, since the inception of this category. |
NIIT’s Individual Learning Business offerings include industry-endorsed programs for students seeking careers in IT – GNIIT and Edgeineers, and GlobalNet+ for IT professionals. The company has introduced “India’s first cloud campus”, through its new-age GNIIT program. This offers students a higher mobility as they can access courseware using Netbooks to connect seamlessly to NIIT’s Cloud Campus network.
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NIIT’s Corporate Learning Solutions offers Managed Training Services including integrated learning solutions (strategic consulting, learning design, content development, delivery, technology, assessment and learning management) to Fortune 500 companies, Universities, Technology companies, Training corporations and Publishing houses. |
NIIT Yuva Jyoti, a joint venture between NIIT and NSDC, offers vocational skills training programs to enhance employability of youth across India. |
NIIT has provided computer-based learning to around 17,000 Government and private schools. The futuristic NIIT nGuru range of learning solutions for schools comprises Interactive Classrooms, Math Lab, IT Wizard programs and Quick School (Education Resource Planning software). |
NIIT Imperia - Centre for Advanced Learning, offers Executive Learning Programs in association with leading Business schools in India, KPMG, Google India and Internet and Mobile Association of India (IAMAI), using the synchronous learning platform. |
NIIT Institute of Finance Banking & Insurance (NIIT 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 Limited, a NIIT-GENPACT venture (NIIT Uniqua), offers complete training outsourcing services to the Business Process, Knowledge and Technology Services industry to create business models that enhance productivity and lower costs. |
In recognition of its people centric policies, which foster an environment of growth and career development, NIIT has been ranked as the 4th Best company to work for in India 2013-14, by Great Place to Work Institute®. |
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NIIT reaffirms itself as a youth connect brand through the #Wish4Vishy Social Media Initiative! |
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Viswanathan Anand
World Chess Champion & NIIT MindChampion
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| I would like to thank everyone for the amazing wishes. To all the friends who sent in their wishes for me through NIIT’s #Wish4Vishy initiative, I would like to say that every single wish means a lot to me. Thank you for the fantastic support and your love. |
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•A unique initiative which enabled every Indian to cheer for Grandmaster Viswanathan Anand as he fought to defend the crown for India at the World Chess Championship, 2013 held in Chennai
NIIT Limited, leading Global Talent Development Corporation and Asia’s largest IT trainer, unveiled #Wish4Vishy www.wish4vishy.com - a national movement to enable every Indian to cheer for former World Chess Champion and NIIT MindChampion Viswanathan (Vishy) Anand, as he prepared to take on challenger, world number one Magnus Carlsen, at the World Chess Championship 2013, which was held between November 7 – 28, 2013 in Chennai.
The unique initiative involved sending in best wishes to Vishy over NIIT’s social platforms for the World Chess Championship. These included: Instagram, Twitter, Facebook and Vine. This endeavor by NIIT further consolidated its ability of being a leading youth connect brand through this social savvy initiative, as it reached out to 6 million individuals. |
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#Wish4Vishy – A national movement by NIIT garners over 6 million followers globally! |
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A unique initiative that enabled every Indian to cheer for Grandmaster Viswanathan Anand reached out to over 6 million fans across the globe
#Wish4Vishy www.wish4vishy.com - a national movement unveiled by NIIT Limited, leading Global Talent Development Corporation and Asia’s largest IT trainer, enabled every Indian to cheer for World Chess Champion and NIIT MindChampion Viswanathan (Vishy) Anand. This campaign gained momentum as Anand took on challenger world number one Magnus Carlsen, at the World Chess Championship 2013 at Chennai. #Wish4Vishy has reached out to over 6 million fans and well wishers of Vishy across globe!
#Wish4Vishy, offered a unique opportunity to every Indian to take pride in Vishy’s achievements and wish him good luck for the World Chess Championship. The best entries stood a chance to win free ticket during the World Chess Championship 2013 and special gifts on every alternate day, for the best wish expressed.
The Microsite www.wish4vishy.com was the hub of all the wishes pouring in. There were Instagram Feeds, Twitter Feeds, Facebook feeds as well as additional wishes coming in straight to the microsite. |
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NIIT ventures into Business Analytics to create a pool of qualified professionals in the sector |
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Amitabh Lahiri
President, Career
Building Solutions,
NIIT Ltd
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| India today has one of the largest pools of analytics and data science talent in the world and has been playing a key role in supporting the analytical needs of the developed markets. At NIIT we are leveraging our expertise by offering a unique Program in Business Analytics which will be transformational for students through the use of active learning and business problem solving exercises enabled by a cutting edge curriculum. |
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Launches comprehensive ‘Program in Business Analytics’ designed and developed by industry practioners
NIIT, leading Global Talent Development Corporation and Asia’s largest IT trainer announced the launch of a comprehensive and unique – “Program in Business Analytics” to develop the next generation of data scientists and business analytics professionals. As the need for analyzing huge volumes of data presents immense opportunity for businesses today, there has been a growing demand for analytics professionals across various sectors. To cater to this emerging trend, apart from some of the leading business schools, NIIT is the first to introduce a cutting-edge program in Business Analytics.
Given the large amounts of new data created every single minute, analytics skills are no longer just an extension of the IT professional, they are becoming increasingly important for businesses. Business Analytics is emerging as an industry in its own right. According to a study by IDC, it is estimated that global enterprises will invest Rs 12000 Crores (US$120 Billion) by 2015 to capture the business impact of analytics across hardware, software and services. The study also estimates a five-year compounded growth of 16 percent for the Indian analytics market. NASSCOM has also estimated that from fifty thousand today, the demand for Analytics professionals in India will grow to two lakh fifty thousand by 2015.
Perceiving the need for skilled analytics professionals in almost every industry vertical, NIIT has launched the ‘Program in Business Analytics.’ The six months program has been developed by industry experts with inputs from several leading analytics companies and offers a fine balance between concepts and hands-on practice.
The unique program in Business Analytics will be delivered by practitioners who have rich experience of working with some of the best analytics firms and Fortune 500 clients. The program is based on intensive assignments, case-studies, projects and uses a case-based approach to learning. Learners and professionals with a background in business management, engineering, mathematics, statistics, or economics can undertake this program. |
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NIIT MindChampion Viswanathan Anand Awards Super Achievers at NIIT |
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Viswanathan Anand
World Chess Champion & NIIT MindChampion |
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| Chess is a mind game that improves academic performance and aids in mental development of young children. I heartily congratulate the Super Achievers at NIIT for their commendable performance and wish them success in life. |
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Amitabh Lahiri
President, Career
Building Solutions,
NIIT Ltd
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| NIIT believes in providing impactful and cutting edge learning solutions for students. We continue our endeavor by providing career opportunities to aspiring professionals through different programs to create industry-ready manpower. I am sure that these ‘Super Achiever’ students and faculty will carry forward the NIIT legacy of trust and innovation. |
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Shares valuable “Lessons from Chess” to help young achievers excel in life
NIIT MindChampion Viswanathan Anand felicitated the Super Achievers at NIIT at an event organized in the city. Over 30 students and 18 faculty members from NIIT were awarded for their exemplary performance. Also present on the occasion were Mr. Amitabh Lahiri, President, Career Building Solutions, NIIT Ltd. and Mr. Vinod Koul, Geo Head, Career Building Solutions, NIIT Ltd.
NIIT MindChampion Anand addressed the students on “Lessons from Chess” and expressed his happiness over the fact that ‘Chess’ is now gaining popularity in India and young enthusiasts of the game are taking it up seriously. The MindChampion spoke at length on how academics, just like the game of Chess is a mind game that requires concentration and in-depth understanding of the subject.
Anand spoke about NIIT’s excellence in providing cutting edge technology for training and education. NIIT’s Individual Learning Business offerings include industry-endorsed programs for students seeking careers in IT - GNIIT, Edgeineers and Global Net Plus for IT professionals.
One of the most important initiatives of NIIT in recent times is the breakthrough ‘Cloud Campus’, that has redefined the education landscape by making available new-age skills, to students across the breadth of the country. NIIT Cloud CampusTM will empower the youth of the country by providing new-age training programs through the cutting-edge Cloud technology, to make them first day-first hour industry ready professionals.
The pioneering initiative from NIIT will help take high quality educational programs to the remotest corners of the country, thus addressing the dilemma of scalability and quality in education that our country is currently facing. |
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NIIT MindChampion Viswanathan Anand mentors young Chess enthusiasts in Kolkata |
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Surojit Biswas
Vice President,
NIIT Ltd
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| Success in today’s age is determined by an individual’s ability to outperform competition with information and knowledge. At NIIT, it is our constant endeavour to equip our students with strategic inputs and I am sure that Anand’s sharp insights will prove valuable for all of us. |
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Viswanathan Anand
World Chess Champion & NIIT MindChampion |
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| It feels great to interact with chess enthusiasts and young minds who will determine the future of our nation. I am a firm believer that success can be achieved only through consistent performance, focus and practice, and I am delighted to interact with such a enthusiastic bunch who are determined to emerge successful in life. |
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Encourages young talents to emerge as winners and flag bearers of excellence
NIIT MindChampion Viswanathan Anand interacted with young chess enthusiasts in the city sharing glimpses from his journey on how strategic thinking and determination helped him emerge as a champion. Anand expressed happiness over the fact that ‘Chess’ is now gaining popularity in India and young enthusiasts of the game are pursuing it with seriousness and dedication. Eminent personalities from the academia fraternity of Kolkata & Industry were also present on the occasion.
On the occasion NIIT also highlighted their breakthrough initiative ‘Cloud Campus’, aimed at redefining the education landscape by making available new-age skills, to students across the country. NIIT aims to offer over 100 courses across 300 locations by the end of 2013, thus enabling coverage of over 500,000 students by 2014. NIIT will offer training programs in IT, Banking, Global Finance, Management, Digital & Social Media Marketing, through Cloud CampusTM with innovative learning features. |
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Interactive Classrooms @ Home - a unique technology enabled learning solution unveiled by NIIT MindChampion Vishwanathan Anand in Pune and in Sabarigiri Residential School, Anchal, Kollam |
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Amit Gupte
Zonal Head,
NIIT Ltd
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| NIIT is committed to make education more impactful and interactive by leveraging IT by ensuring that the best tools and resources are made available to thousands of schools across India. We are confident that the unique ICR@Home product will make teaching and learning a fun-filled experience for both teachers and students. |
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Viswanathan Anand
World Chess Champion & NIIT MindChampion |
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| Technology has always played a key role in enabling teachers and students to make day-to-day teaching and learning more enriching and rewarding. I believe that the solution offered by NIIT will help schools to extend the learning Ecosystem beyond its own premises. I congratulate NIIT for introducing such innovative products. |
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-Revolutionary concept aimed at making learning engaging and meaningful
-Launches state-of-the-art ‘NIIT NGuru Math Lab Plus’ and ‘IT Wizard Plus’
NIIT MindChampion Viswanathan Anand unveiled a unique learning solution introduced by NIIT NGuru - Interactive Classrooms @ Home (ICR@Home), at a function organized in the city. Amit Gupte, Zonal Head – South & West also graced the occasion. The innovative learning solution aims to provide every child with the advantage of using multimedia content and interactivity from home.
NIIT NGuru Interactive Classrooms @ Home is a revolutionary new offering from NIIT that empowers institutions to manage the challenges of the future by increasing the impact of the teaching-learning process and making learning a more meaningful experience for children.
NIIT NGuru ICR@Home facilitates the integration of technology by equipping institutions to offer technology-enabled teaching-learning tools, with age-appropriate instructional design that effectively disseminates knowledge that is easier and more interesting to comprehend.
On the occasion NIIT MindChampion Viswanathan Anand also unveiled the new avatar of NIIT Nguru Math Lab Plus, a breakthrough initiative that aims at making the vital subject of mathematics simpler, easier and fun to learn for school students and IT Wizard Plus, a solution specifically designed for the modern day challenges in teaching IT in schools.
Certificate of Association were awarded to Schools in Pune by Viswanathan Anand. He also felicitated the students who excelled in the game of Chess, digital art and Mathematics in the city. His talk - ‘Raise Your Spirits’ inspired the students on facing up to the challenge and turning them into opportunities.
The Cloud component of the ICR@Home solution supports the school with tools to conduct assessments, record and manage data with respect to the regularity of assessment, frequency of unit testing, retesting and facilitates the diagnosis of learning gaps and use of relevant corrective measures.
The software tools cover both the scholastic and the co-scholastic aspects of students’ growth and development. Complete support for CCE is provided in the areas of data capture, data management, performance analysis, report generation and analysis are completely addressed. These features will enable the school to implement Continuous and Comprehensive Evaluation (CCE) smoothly and effectively. |
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Interactive Classrooms @ Home - a unique technology enabled learning solution unveiled by NIIT MindChampion Viswanathan Anand in Sabarigiri Residential School, Anchal, Kollam |
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• Revolutionary concept aimed at making learning engaging and meaningful
• Launches state-of-the-art ‘NIIT NGuru Math Lab Plus’ and ‘IT Wizard Plus’
NIIT MindChampion Viswanathan Anand unveiled a unique learning solution introduced by NIIT NGuru - Interactive Classrooms @ Home (ICR@Home), at a function organized in the city. The innovative learning solution aims to provide every child the advantage of using multimedia content and interactivity from home.
NIIT NGuru Interactive Classrooms @ Home - Cloud is a revolutionary new offering from NIIT that empowers institutions to manage the challenges of the future by increasing the impact of the teaching-learning process and making learning a more meaningful experience for children.
NIIT NGuru ICR@Home - Cloud facilitates the integration of technology by equipping institutions to offer technology-enabled teaching-learning tools, with age-appropriate instructional design that effectively disseminates knowledge that is easier and more interesting to comprehend.
On the occasion NIIT MindChampion Viswanathan Anand also inaugurated NIIT Nguru Math Lab @ Sabarigiri School, Punalur a breakthrough initiative that aims at making the vital subject of mathematics simpler, easier and fun to learn for school students. |
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Viswanathan Anand also felicitated the students who excelled in the game of Chess, and Mathematics in the city. His talk - ‘Raise Your Spirits’ inspired the students on facing up to the challenge and turning them into opportunities.
The Cloud component of the ICR@Home solution supports the school with tools to conduct assessments, record and manage data with respect to the regularity of assessment, frequency of unit testing, retesting and facilitates the diagnosis of learning gaps and use of relevant corrective measures.
The software tools cover both the scholastic and the co-scholastic aspects of students’ growth and development. Complete support for CCE is provided in the areas of data capture, data management, performance analysis, report generation and analysis are completely addressed. These features will enable the school to implement Continuous and Comprehensive Evaluation (CCE) smoothly and effectively.
NIIT NGuru Math Lab provides an opportunity to students to understand, internalize, discover and verify the basic mathematical and geometrical concepts through concrete objects and situations. The learning solution encourages the students to explore, reflect and interpret the ideas presented through a variety of media. |
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.NIIT in News |
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. Campaigns |
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. Environment Scan |
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For further queries, please write to |
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Copyright © 2008 NIIT Limited |
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