-NIIT Limited declares Consolidated Results for Q4 and FY 2012-13.
Global Banking News-May 24, 2013–NIIT Limited declares
Consolidated Results for Q4 and FY 2012-13(C)2013 ENPublishing –
ENP Newswire – 24 May 2013
Release date- 23052013 – New Delhi –
NIIT Nust Institute of Information Technology
NIIT National Information Infrastructure Testbed
Limited, leading Global
Talent Development Corporation and Asia’s largest IT trainer, today
reported its results for the fourth quarter ending March 31, 2013.
The company recorded PAT for the year at Rs. 26.3 Cr on annual net
revenue of Rs. 960.8 Cr. During the quarter, the company’s Net
Revenue stood at Rs. 221.6 Cr and the PAT was recorded at Rs. 2.7 Cr.
was at Rs. 7.1 Cr for Q4.
The results were taken on record at the meeting of the Board of
Directors here today. The Board also proposed a dividend of 80%.
During the financial year 2012-13, NIIT reinforced its vision to
usher in a new way of learning by taking its pioneering Cloud based
offerings across its four platforms of growth – Managed Training
Services, NIIT Nguru, NIIT Yuva Jyoti and Cloud Campus. Through this
initiative, NIIT is redefining the education landscape by making
available new-age skills to students and learners across geographies.
The extended range of training offerings in IT, Banking, Global Finance,
Management, Digital & Social Media Marketing under Cloud CampusTM is
aimed at transforming learners into first-day first-hour industry-ready
Commenting on the company’s strategic vision, Mr Rajendra S
Pawar, Chairman, NIIT Limited said, ‘NIIT Cloud Campus redefines
In a significant development during the year, NIIT entered into a
strategic alliance with Microsoft to create newly-skilled 1,00,000
Microsoft certified Cloud-ready professionals over the next 3 years.
Career Building Solutions (CBS) recorded net revenue of Rs. 98.1 Cr
during the quarter, backed by a growth of 48% in enrolments into Banking
courses. Cumulative Cloud Campus enrolments crossed 27,000 in Q4.
During the year, NIIT partnered with Digital Marketing Institute
(Ireland) to offer globally renowned digital marketing programs to its
students in India. NIIT further introduced training programs for
additional domains like Applied Financial Management and Online
Marketing, over the year.
NIIT strengthened its IT training portfolio during the quarter, by
entering into a MoU with
to enhance skill development of
graduates through in-campus training initiative, across colleges in the
NIIT graduates’ job-readiness and acceptance by the industry
continued to be favourable with over 10,000 students getting placed
during Q4, despite a slowdown in hiring by the sector.
During the quarter, NIIT conducted country’s largest IT
Aptitude Test- the 9th National IT Aptitude Test (NITAT) – to enable
students and graduates to ascertain their aptitude for the IT industry.
NITAT 2013 saw a record participation, with over 1,52,000 aspirants
across 300 cities testing their IT aptitude.
NIIT Institute of Finance and Banking recorded a growth of 17% YoY
during the quarter, backed by new client wins including
Bank of Baroda
During Q4 NIIT
, city (1991 pop. 40,708), capital of Imperia prov., Liguria, NW Italy, on the Ligurian Sea. Located on the Italian Riviera, it is a port and winter resort. The cathedral (1780–1832) dominates the modern city.
received the ‘Best Telecom &
Satellite Learning Providers in Education’ award at the National
Education Excellence Awards 2013 instituted by leading industry body
, (Associated Chambers of Commerce and Industry of India).
Corporate Learning Solutions (CLS) recorded net revenues of Rs.
76.1 Cr, up 15% YoY during Q4.
Mr Vijay K Thadani, Chief Executive Officer, NIIT Limited said
‘Increased industry adoption of our growth platform – Managed
Training Services – drove the robust order intake of Rs 77.8 Cr in Q4
for the CLS business, up 21% YoY.’
During the quarter, NIIT completed the intensive training programs
for the second batch of Tax Return Preparers for Department of Income
Tax in which 3685 candidates were trained and certified.
School Learning Solutions (SLS) registered net revenue of Rs. 47 Cr
during the quarter.
NIIT’s Cloud initiative received further industry recognition,
with the Cloud enabled NIIT NGuru – ICR@Home, being felicitated at the
World Education Summit 2013, for best ‘Use of Assistive
Technologies in Education’.
Mr P Rajendran,
Chief Operating Officer
, NIIT Ltd said:
‘Initiation of NGuru solutions in 817 additional non-government
schools during FY13 (growth of 19% YoY), has further demonstrated the
increasing appreciation and demand for our cutting-edge school learning
solutions in the teaching-learning ecosystem.’
During Q4, NIIT was selected and empanelled by
Central Board of
), as part of its initiative to organize
Leadership Training for principals of over 13,500 schools in the
NIIT’s vocational skills training initiative – NIIT Yuva
Jyoti, established in partnership with National Skill Development
NSDC National Square Dance Convention
NSDC Network Systems Design Conference
NSDC Nunavut Social Development Council
) continued to gain momentum with new centres added
during Q4, taking the total number of centres to 34, with enrolments
exceeding 4,800 since commencement.
NIIT MindChampions Academy (MCA) – a joint initiative by NIIT and
World Chess Champion Viswanathan Anand completed 10 years of developing
young minds through the game of chess. During the financial year
2012-13, NIIT MindChampions Academy (MCA) – crossed an important
milestone, by impacting over 1.65 million children across 17,000 schools
Other acknowledgements and milestones during the year:
NIIT received ‘Top IT Training Company Award 2012’ for
the 20th year in succession by leading IT journal, Dataquest
NIIT has been ranked among the ‘Top 10 India’s Best
Companies to Work for 2012’ by Great Places to Work Institute
NIIT gets ranked as ‘India’s Most Trusted Education
Brand’ in Brand Trust Report, India Study, 2013, undertaken by
Trust Research Advisory for the second consecutive year
recognized as ‘Most Innovative Recruitment
Management initiative’ at the Talent & HR Leadership Conference
Awards by ET Now at World HRD Congress 2013
NIIT Vietnam was awarded the ICT Gold Medal – 2012, by
Ho Chi Minh
formerly city (1997 pop. 5,250,000), on the right bank of the Saigon River, a tributary of the Dong Nai, Vietnam.
Computer Association (
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) for the seventh consecutive year
NIIT was adjudged as the ‘Best Result Oriented ICT
School’ in Ghana for the second consecutive year
NIIT USA was ranked among the Top 20 Companies in Training
Outsourcing, 2012 by Training Industry, Inc. for the sixth consecutive
time since 2008.
NIIT USA was awarded the Brandon Hall Excellence in Learning 2012.
It received Silver Award in the Best in Competencies and Skill
Development category jointly with Shell for Shell Standard Primavera
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 20 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 Global Net Plus 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.
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
NIIT has provided computer-based learning to over 16,500 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,
using the synchronous learning platform.
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 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.
NIIT has been ranked among the ‘Top 10 India’s Best
Companies to Work for- 2012’ by Great Places to Work Institute.
For media queries, please contact:
Vice President, Corporate Communications & Marketing, NIIT
Ph: (Cell) +91 9910201085, (Dir) +91 124 4293041
Investors may contact:
Kapil Saurabh, NIIT Limited, Ph (Cell) +91 9899117793, (Dir) +91
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