NIIT
Skills & Talent Development Company
|
|
| Public | |
| Traded as | : : NIITLTD |
| Industry | For-profit education |
| Founded | 1981 as National Institute of Information Technology |
| Founder |
Rajendra S. Pawar Vijay K. Thadani |
| Headquarters | Gurgaon, India |
|
Key people
|
Rajendra Singh Pawar (Chairman) Vijay Kumar Thadani (Vice Chairman and Managing Director) Rahul K. Patwardhan (CEO) |
| Services | Skills & Talent Development |
| Revenue | ₹1,007 crore (US$150 million) (FY 2016) |
|
Number of employees
|
2,372 (2016) |
| Website | NIIT |
NIIT Limited is an Indian Multinational company that offers learning management and training delivery solutions to corporations, institutions and individuals. It has three main lines of business worldwide: Corporate Learning Group (CLG), Skills and Careers Group (SNC), and School Learning Group (SLG).
In 2006, the IT services business of NIIT was demerged into a separately listed company NIIT Technologies. NIIT Limited now focuses on Corporate Training, Vocational Training for Services Sectors and Education and Training in Schools. NIIT Limited owns 23.98% of NIIT Technologies.
NIIT was established in 1985 by Rajendra S. Pawar and Vijay K. Thadani, graduates from IIT Delhi, with one million rupees. NIIT conceived a franchising model in IT education for the very first time, setting up nine centers by 1987.
In 1986, NIIT began its foray into the software domain, beginning with Software Product Distribution under the 'Insoft' brand. The company also began offering advice and consultancy to large corporations on how to leverage technology and make optimum use of their IT investments.
In 1988, NIIT introduced many marketing and advertising strategies for the Indian market including the ‘Computerdrome’ in 1990. Another initiative launched by NIIT, was its Bhavishya Jyoti Scholarships program, launched in 1991, which was targeted at deserving and socially challenged students with an aim to improve their skills and employability quotient. In 1992, NIIT launched its flagship program GNIIT, an industry-endorsed course with a 12-month Professional Practice for students seeking careers in the IT and non-IT sectors. By 1993, NIIT began trading NIIT stocks on the Indian stock exchanges. In 1996, NIIT began its globalization journey, setting up an education center in Hong Kong. In the same year, the company launched its virtual university ‘Net Varsity’. In 1998, NIIT joined a handful of Indian tech companies to enter the Chinese market. The company earned the epithet, the ‘McDonald’s of the software business’ by Far Eastern Economic Review in September, 2001. The same year, NIIT launched an experiment that was christened ‘Hole-in-the-Wall’ by media and drew international attention. The experiment was based on the ‘minimally invasive education’ methodology developed by NIIT R&D. It suggested that children, irrespective of their social, ethnic or educational identity could learn to use computers by themselves, without adult intervention. In 2003, NIIT launched its MindChampions Academy (MCA) with Viswanathan Anand, five-time former World Chess champion and NIIT Brand Ambassador.
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Wikipedia