Description
This is a documentation is about company analysis of NIIT.
NIIT NIIT is a leading Global Talent Development Corporation, building skilled manpower pool for global industry requirements. The company which was set up in 1981, to help the nascent IT industry overcome its human resource challenges, has today grown to be amongst world?s leading talent development companies offering learning solutions to Individuals, Enterprises and Institutions across 40 countries. NIIT?s training solutions in IT, Business Process Outsourcing, Banking, Finance and Insurance, Executive Management Education, and Communication and Professional Life Skills, touch five million learners every year. NIIT?s expertise in learning content development, training delivery and education process management make it the most preferred training partner, worldwide. The company is listed on the National Stock Exchange and Bombay Stock Exchange of India. NIIT is major computer and IT education provider of India. It offers many IT courses to students. In 2004 , NIIT was restructured into two groups. One is NIIT Limited, which focuses on the training and education in IT segment, and another which is known as NIIT Technologies which is an information technology (IT) solutions organization. NIIT provides its services to mainly three types of services 1. Individual Learning Solutions - This focuses on providing employability skills to people in the age group of 16–25 years. IT training forms the bulk of this segment. In recent years it has launched new offerings for training in Banking, Insurance and Financial services through IFBI, NIIT IMPERIA Executive Management Programs through NIIT Imperia and training in skills for BPO/KPO sectors through NIIT Uniqua. 2. School Learning Solutions - this provides training and learning solutions to government and to private schools. 3. Corporate Learning Solutions- this division provides training services such as off the shelf learning library, custom content development, customized instructor led training and training administration services. Element K a US company, acquired by NIIT in 2006, forms about two thirds of the sales from this division. NIIT technology mainly focuses on :
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Banking & Financial Services o Retail Banking o Wholesale Banking o Investment Management o Risk and Compliance Offerings o Business Testing Frameworks
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Insurance o Channel and Customer Interface Solutions o Core Insurance Business Processes o Enabling Insurance Business Processes o Regulatory Compliance and Tax Environments o Intellectual Property-Solutions and Solution Accelerators o Value Added Services Travel Transportation and Logistics o Airlines and Travel Distribution o Airports o Surface Transport o BPO o Integrated BPO Retail Distribution o e-Business o e-Procurement o SAP retail
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History : NIIT was set up in 1981 by young Indian entrepreneurs Rajendra S. Pawar and Vijay K. Thadani. NIIT has pioneered the concept of high quality IT education in India and has trained one out of every three software professionals in the country. In 1982, NIIT set up education centers in Mumbai, Delhi, and Madras and followed them up with one in Bangalore in 1983. In the same year NIIT introduced Corporate training programs. In 1991, NIIT set up its first overseas office in US. In the same year IBM awarded NIIT its first CBT assignment. By 2000, NIIT has software operation in 18 countries. In 2001, NIIT was conferred Microsoft's 'Best Training Company Award'. In 2002, NIIT acquired three companies in the US and launched NIIT Smart Serve for Business Process Management. In 2003, NIIT achieved CMMi Level 5 for software business. In 2004, NIIT's Global Solutions Business was spun off into NIIT Technologies Limited. NIIT has its headquarters at Gurgaon. Apart from this NIIT has training and educational centers in the following Indian states: Andhra Pradesh, Assam, Bihar, Chandigarh, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Nagaland, Orissa, Pondicherry, Tellicherry, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal, Tripura. NIIT has its global units at
South America: Peru Europe: UK, Ireland, Kazakhstan, Turkey Oceania: Australia, New Zealand Asia (outside India): China, Indonesia, Malaysia, Nepal, Philippines, Sri Lanka, Vietnam, Bahrain, Iran, Oman, Qatar, Yemen Africa: South Africa, Nigeria, Ghana, Morocco, Sudan, Zimbabwe, Mauritius, Sénégal NIIT has 3641 employees (2009). NIIT management team includes: i) ii) iii) iv) v) vi) vii) Mr. Rajendra S Pawar Chairman & Co-Founder Vijay K. Thadani Co-founder & Chief Executive Officer P. Rajendran, Co-founder and Chief Operating Officer G Raghavan, Chief Executive, Career Building Solutions Sapnesh Lalla, Chief Executive, Learning Solutions for Enterprise Hemant Sethi, President, School Learning Solutions Sanjay Bahl, President, Skill Building Solutions
Shareholding pattern of NIIT: The monthly high and low share prices and market capitalization of Equity Shares of the Company traded on BSE and NSE from April 1, 2011 to March 31, 2012 and the comparison of share prices of the Company vis-à-vis the Sensex and Nifty Indices are given below : Share holding distribution as on 31st March 2012 :
Range (No. of Shares) Up to -500 501-1000 1001-5000 5001 & above TOTAL
No. of Shareholders 68,231 6,432 3,340 765 78,768
% to Total Shareholders 86.623 8.166 4.24 0.97 100.00
Total No. of Shares 8,201,415 5,092,670 6,974,064 144,827,448 165,095,597
% to Total Shares 4.968 3.085 4.224 87.724 100.00
Shareholding pattern on 31st March 2012
Holder's Name Promoters Foreign Institutions General Public Banks, Mutual Funds Other Companies Others Foreign NRI Financial Institutions Foreign Industries Central Govt.
No of Shares 56072908 39926179 27207804 23238479 13218098 3277236 1478393 639000 22500 15000
% Share Holding 33.96% 24.31% 16.41% 14.08% 8.01% 1.99% 0.90% 0.39% 0.01% 0.01%
Source: http://economictimes.indiatimes.com Financial Performance in last one year: During the year NIIT focused on re-engineering the company?s business for higher growth while improving the return on capital employed and quality balance sheet. Some strong strategic moves by NIIT:
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Launch and focus on the four platform of growth i.e cloud, MTS, nguru and NYJ Divestment of NIIT?s stake in Element k INC. USA Increased selectivity for capital intensive projects Reduction in debt levels and strengthening the balance sheet
The financial summary for FY’12 is as follows:
Rs. Millions Revenues Operating Expenses Personnel cost Professional and technical outsourcing expenses Purchase stock in trade Other expenses excluding finance costs EBITDA %EBITDA Net other income (including exceptional items) Depreciation & Amortization Profit before taxes Taxes Share of associate profits/ profits attributable to minority shareholders Profit after tax attributable to equity Basic EPS (Rs.)
FY?12 12,603 11,128 3,189 2,347 1,607 3,985 1,475 12% 1,429 874 2,030 1,409 481
FY?11 12,483 10,889 3,348 1,619 1,239 4,684 1,593 13% 181 854 557 89 453
YoY(%) +1% +2% -5% +45% +30% -15% -7% -106 bps
+2% +264% +6%
1,102 6.7
922 5.6
+19% +19%
Source: www.niit.com
For the year company recorded ? ? ? Net Revenues at Rs. 12,603 million EBITDA at Rs. 1,475 million Net profit of Rs. 1,102 million
NIIT provides learning solutions to schools, corporate and individuals. It?s total revenue can be compared with each segment.
Fig.1 Net revenues in each segment Total contribution of individual sector to net revenue has decreased in 2012, whereas corporate sector showing improvement in this season. NIIT’s courses and strategies to expand business: Company had identified four areas that it believes will serve as platform of growth in future. It is working on each of these areas and started some new projects in order to expand its business: Cloud Campus NIIT started first cloud campus in India. NIIT Cloud Campus empowers the student to learn on his own terms, at his own pace, wherever and whenever he wants it. Students enjoy higher mobility as they can easily access educational services using a Netbook or a Mobile device that connects them to NIIT?s Cloud Campus TM network. It was launched during the year and received a very positive response from the students was rolled out to over 340 centers. During the year, over 13,800 students enrolled for GNIIT program offered under Cloud Campus.
Managed Training Services (MTS) Managed Training Services (MTS) allows organizations to optimize investments in training and development to extract maximum and tangible value built. NIIT closed the year with 9 global customers, with revenue visibility of over USD 120 million over the contract period. Nguru: NIIT NGuru is a holistic School Learning Solution that comprises of Interactive Classrooms (an end to end teaching Learning solution for classrooms that uses elements of interactivity, automation and web links library); Math lab (State-of-the-art Mathematics Laboratory for schools which comes with Geometer?s Sketchpad Software, Multiple Teaching and Learning Aids like Technology Applications, Videos, Manipulative, Measuring Instruments and Theme Based Ambience); IT Wizard (equips the students with core computer knowledge and IT skills); Quick School (an Education Resource Planning solution for school management) and Mobile Science Lab(the first of its kind portable computerized Science Laboratory which enables students to correlate scientific concepts taught in the class to real life). NIIT has provided computer-based learning to over 16,000 government and private schools across the country cumulatively impacting lives of more than 10 million kids. NIIT Yuva Jyoti (NYJ) NIIT strengthened its focus on vocational skills training by entering into one of the largest public-private partnerships with National Skill Development Corporation (NSDC) to enhance skills and employability of youth across India through its NIIT Yuva Jyoti initiative. NYJ envisions to setup in more than 1500 state of the art Skill Development Centers, across tier 2/3 and smaller towns of India, covering over 1000 cities and train more than 7 million youth in the next 10 years Apart from these projects NIIT started many new courses like: ? ? ? ? ?
‘NIIT
Edgeineers?, a range of specialized programmes to provide cutting-edge career for engineering graduates and IT professionals NIIT GlobalNet+, specialized programms on Networking and Infrastructure Management Express Diplomas for graduates looking for a quick start to IT careers. Degrees in alliance with Universities SWIFT for basic computer and internet skills
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Executive Management Programmes for working professionals, from premier business schools through NIIT Imperia, Centre for Advanced Learning Training programs for financial services sector from NIIT Institute of Finance, Banking & Insurance (IFBI)
Alliances of NIIT: Microsoft: NIIT has been working closely with global leader Microsoft to provide training on the software major's state-of-the-art technology platforms. In fact, NIIT has been conferred the „Gold Certified Partner? status as well as the "Best Training Company Award" by Microsoft. Not only has NIIT developed over 1000 hours of instructions with Microsoft, it has also produced the largest number of Microsoft Certified Professionals in India. NIIT operates a network of centers under the CPLS (Certified Partner for Learning Solutions) program and has been offering certification courses on Visual Studio-.Net, Server Administrator, Enterprise Administrator, Database Developer and Administrator, Microsoft Exchange Server and SharePoint Server leading to latest Certification tracks of MCTS, MCPD and MCITP. NIIT has also introduced series of latest technology courses on Microsoft Dynamics NAV and CRM, thereby opening absolutely niche career options to the student Oracle: NIIT and Oracle, one of the world?s leading supplier of software for information management, have entered into a global alliance to offer cutting edge training programmes in Oracle technologies. Tally: NIIT and Tally market leader in financial accounting software have partnered to create talent pool for financial accounting. In the present economic scenario the need for trained and qualified manpower has increased. All organizations require finance and accounting professionals but today they have become choosy about the people they hire as they want them to be more productive. Which is why NIIT and Tally, have come together to bring comprehensive programmes in financial accounting. The programmes combine NIIT's expertise in training and manpower development with Tally's unmatched leadership in accounting domain.
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Similarly, NIIT has tie ups with CISCO, IBM, Zend
Apart from these private companies NIIT also commenced engagement with engineering colleges with the “NIIT Inside” offering. During the year, the Company tied up with 80 colleges. NIIT in association with these institutions created plan for enhancing students employability through well established and well tested training solution. NIIT across the world NIIT retained its strategy to focus on key geographies and pursued high potential markets. In China, the Company witnessed substantial growth in Chongqing and Wuxi regions through the existing Public Private Partnership initiative. NIIT also signed new agreements with the provincial governments of Qingdao, Zhangjiagang and Yangzhou to operate own centers under the Build-Operate-Develop Model of public private partnership. NIIT was awarded as “Leading Education Group in China” by Sina.com. NIIT?s focus on Southern Africa continued to yield results with the approval by SAQA (South African Qualifications Authority) of NIIT Programmes in South Africa and government approval at Botswana for degree program run with NIIT?s program and certifications also got an approval from „Mexico First?
SWOT analysis of NIIT: Strengths: ? Long standing and global brand NIIT is in market since 1981, with its strong management and culture it had developed Brand name and everyone trusts it. Global reach is one of the strengths that makes NIIT a preferred learning partner worldwide, and is made possible through the contributions of our global brands. ? Best in class domain partnerships NIIT had formed alliances with all leading IT and commerce companies. NIIT provides certified courses from companies like Microsoft, Cisco, Tally. ? Content creation capability ? Process and tools for distributed delivery of education NIIT has tools for distance education through online learning courses. ? Width and depth of reach ? Innovative NIIT had changed the perception of traditional education by introducing new way of learning through programmes like nguru which enables students to learn through PC with actual experience of various things . ? Institutional alliance model NIIT formed alliances with educational institutions to train their students and help them in finding jobs.
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Global linkage
Weakness: ? Low skilled faculty Opportunities: ? Acquisitions ? Innovation There are still many opportunities available in ever changing IT sector. With introduction of new technologies every day, training centers have huge demand in market ? Huge demand for short period, professional, job oriented courses Threats: ? Changing consumer preference towards shorter duration courses ? Tough competition from private courses and engineering institutions In the last few years, there has been an increase in engineering and college enrolments. There is an increased interest from colleges for employability solutions.
doc_274197414.docx
This is a documentation is about company analysis of NIIT.
NIIT NIIT is a leading Global Talent Development Corporation, building skilled manpower pool for global industry requirements. The company which was set up in 1981, to help the nascent IT industry overcome its human resource challenges, has today grown to be amongst world?s leading talent development companies offering learning solutions to Individuals, Enterprises and Institutions across 40 countries. NIIT?s training solutions in IT, Business Process Outsourcing, Banking, Finance and Insurance, Executive Management Education, and Communication and Professional Life Skills, touch five million learners every year. NIIT?s expertise in learning content development, training delivery and education process management make it the most preferred training partner, worldwide. The company is listed on the National Stock Exchange and Bombay Stock Exchange of India. NIIT is major computer and IT education provider of India. It offers many IT courses to students. In 2004 , NIIT was restructured into two groups. One is NIIT Limited, which focuses on the training and education in IT segment, and another which is known as NIIT Technologies which is an information technology (IT) solutions organization. NIIT provides its services to mainly three types of services 1. Individual Learning Solutions - This focuses on providing employability skills to people in the age group of 16–25 years. IT training forms the bulk of this segment. In recent years it has launched new offerings for training in Banking, Insurance and Financial services through IFBI, NIIT IMPERIA Executive Management Programs through NIIT Imperia and training in skills for BPO/KPO sectors through NIIT Uniqua. 2. School Learning Solutions - this provides training and learning solutions to government and to private schools. 3. Corporate Learning Solutions- this division provides training services such as off the shelf learning library, custom content development, customized instructor led training and training administration services. Element K a US company, acquired by NIIT in 2006, forms about two thirds of the sales from this division. NIIT technology mainly focuses on :
?
Banking & Financial Services o Retail Banking o Wholesale Banking o Investment Management o Risk and Compliance Offerings o Business Testing Frameworks
?
Insurance o Channel and Customer Interface Solutions o Core Insurance Business Processes o Enabling Insurance Business Processes o Regulatory Compliance and Tax Environments o Intellectual Property-Solutions and Solution Accelerators o Value Added Services Travel Transportation and Logistics o Airlines and Travel Distribution o Airports o Surface Transport o BPO o Integrated BPO Retail Distribution o e-Business o e-Procurement o SAP retail
?
?
History : NIIT was set up in 1981 by young Indian entrepreneurs Rajendra S. Pawar and Vijay K. Thadani. NIIT has pioneered the concept of high quality IT education in India and has trained one out of every three software professionals in the country. In 1982, NIIT set up education centers in Mumbai, Delhi, and Madras and followed them up with one in Bangalore in 1983. In the same year NIIT introduced Corporate training programs. In 1991, NIIT set up its first overseas office in US. In the same year IBM awarded NIIT its first CBT assignment. By 2000, NIIT has software operation in 18 countries. In 2001, NIIT was conferred Microsoft's 'Best Training Company Award'. In 2002, NIIT acquired three companies in the US and launched NIIT Smart Serve for Business Process Management. In 2003, NIIT achieved CMMi Level 5 for software business. In 2004, NIIT's Global Solutions Business was spun off into NIIT Technologies Limited. NIIT has its headquarters at Gurgaon. Apart from this NIIT has training and educational centers in the following Indian states: Andhra Pradesh, Assam, Bihar, Chandigarh, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Nagaland, Orissa, Pondicherry, Tellicherry, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal, Tripura. NIIT has its global units at
South America: Peru Europe: UK, Ireland, Kazakhstan, Turkey Oceania: Australia, New Zealand Asia (outside India): China, Indonesia, Malaysia, Nepal, Philippines, Sri Lanka, Vietnam, Bahrain, Iran, Oman, Qatar, Yemen Africa: South Africa, Nigeria, Ghana, Morocco, Sudan, Zimbabwe, Mauritius, Sénégal NIIT has 3641 employees (2009). NIIT management team includes: i) ii) iii) iv) v) vi) vii) Mr. Rajendra S Pawar Chairman & Co-Founder Vijay K. Thadani Co-founder & Chief Executive Officer P. Rajendran, Co-founder and Chief Operating Officer G Raghavan, Chief Executive, Career Building Solutions Sapnesh Lalla, Chief Executive, Learning Solutions for Enterprise Hemant Sethi, President, School Learning Solutions Sanjay Bahl, President, Skill Building Solutions
Shareholding pattern of NIIT: The monthly high and low share prices and market capitalization of Equity Shares of the Company traded on BSE and NSE from April 1, 2011 to March 31, 2012 and the comparison of share prices of the Company vis-à-vis the Sensex and Nifty Indices are given below : Share holding distribution as on 31st March 2012 :
Range (No. of Shares) Up to -500 501-1000 1001-5000 5001 & above TOTAL
No. of Shareholders 68,231 6,432 3,340 765 78,768
% to Total Shareholders 86.623 8.166 4.24 0.97 100.00
Total No. of Shares 8,201,415 5,092,670 6,974,064 144,827,448 165,095,597
% to Total Shares 4.968 3.085 4.224 87.724 100.00
Shareholding pattern on 31st March 2012
Holder's Name Promoters Foreign Institutions General Public Banks, Mutual Funds Other Companies Others Foreign NRI Financial Institutions Foreign Industries Central Govt.
No of Shares 56072908 39926179 27207804 23238479 13218098 3277236 1478393 639000 22500 15000
% Share Holding 33.96% 24.31% 16.41% 14.08% 8.01% 1.99% 0.90% 0.39% 0.01% 0.01%
Source: http://economictimes.indiatimes.com Financial Performance in last one year: During the year NIIT focused on re-engineering the company?s business for higher growth while improving the return on capital employed and quality balance sheet. Some strong strategic moves by NIIT:
-
Launch and focus on the four platform of growth i.e cloud, MTS, nguru and NYJ Divestment of NIIT?s stake in Element k INC. USA Increased selectivity for capital intensive projects Reduction in debt levels and strengthening the balance sheet
The financial summary for FY’12 is as follows:
Rs. Millions Revenues Operating Expenses Personnel cost Professional and technical outsourcing expenses Purchase stock in trade Other expenses excluding finance costs EBITDA %EBITDA Net other income (including exceptional items) Depreciation & Amortization Profit before taxes Taxes Share of associate profits/ profits attributable to minority shareholders Profit after tax attributable to equity Basic EPS (Rs.)
FY?12 12,603 11,128 3,189 2,347 1,607 3,985 1,475 12% 1,429 874 2,030 1,409 481
FY?11 12,483 10,889 3,348 1,619 1,239 4,684 1,593 13% 181 854 557 89 453
YoY(%) +1% +2% -5% +45% +30% -15% -7% -106 bps
+2% +264% +6%
1,102 6.7
922 5.6
+19% +19%
Source: www.niit.com
For the year company recorded ? ? ? Net Revenues at Rs. 12,603 million EBITDA at Rs. 1,475 million Net profit of Rs. 1,102 million
NIIT provides learning solutions to schools, corporate and individuals. It?s total revenue can be compared with each segment.
Fig.1 Net revenues in each segment Total contribution of individual sector to net revenue has decreased in 2012, whereas corporate sector showing improvement in this season. NIIT’s courses and strategies to expand business: Company had identified four areas that it believes will serve as platform of growth in future. It is working on each of these areas and started some new projects in order to expand its business: Cloud Campus NIIT started first cloud campus in India. NIIT Cloud Campus empowers the student to learn on his own terms, at his own pace, wherever and whenever he wants it. Students enjoy higher mobility as they can easily access educational services using a Netbook or a Mobile device that connects them to NIIT?s Cloud Campus TM network. It was launched during the year and received a very positive response from the students was rolled out to over 340 centers. During the year, over 13,800 students enrolled for GNIIT program offered under Cloud Campus.
Managed Training Services (MTS) Managed Training Services (MTS) allows organizations to optimize investments in training and development to extract maximum and tangible value built. NIIT closed the year with 9 global customers, with revenue visibility of over USD 120 million over the contract period. Nguru: NIIT NGuru is a holistic School Learning Solution that comprises of Interactive Classrooms (an end to end teaching Learning solution for classrooms that uses elements of interactivity, automation and web links library); Math lab (State-of-the-art Mathematics Laboratory for schools which comes with Geometer?s Sketchpad Software, Multiple Teaching and Learning Aids like Technology Applications, Videos, Manipulative, Measuring Instruments and Theme Based Ambience); IT Wizard (equips the students with core computer knowledge and IT skills); Quick School (an Education Resource Planning solution for school management) and Mobile Science Lab(the first of its kind portable computerized Science Laboratory which enables students to correlate scientific concepts taught in the class to real life). NIIT has provided computer-based learning to over 16,000 government and private schools across the country cumulatively impacting lives of more than 10 million kids. NIIT Yuva Jyoti (NYJ) NIIT strengthened its focus on vocational skills training by entering into one of the largest public-private partnerships with National Skill Development Corporation (NSDC) to enhance skills and employability of youth across India through its NIIT Yuva Jyoti initiative. NYJ envisions to setup in more than 1500 state of the art Skill Development Centers, across tier 2/3 and smaller towns of India, covering over 1000 cities and train more than 7 million youth in the next 10 years Apart from these projects NIIT started many new courses like: ? ? ? ? ?
‘NIIT
Edgeineers?, a range of specialized programmes to provide cutting-edge career for engineering graduates and IT professionals NIIT GlobalNet+, specialized programms on Networking and Infrastructure Management Express Diplomas for graduates looking for a quick start to IT careers. Degrees in alliance with Universities SWIFT for basic computer and internet skills
? ?
Executive Management Programmes for working professionals, from premier business schools through NIIT Imperia, Centre for Advanced Learning Training programs for financial services sector from NIIT Institute of Finance, Banking & Insurance (IFBI)
Alliances of NIIT: Microsoft: NIIT has been working closely with global leader Microsoft to provide training on the software major's state-of-the-art technology platforms. In fact, NIIT has been conferred the „Gold Certified Partner? status as well as the "Best Training Company Award" by Microsoft. Not only has NIIT developed over 1000 hours of instructions with Microsoft, it has also produced the largest number of Microsoft Certified Professionals in India. NIIT operates a network of centers under the CPLS (Certified Partner for Learning Solutions) program and has been offering certification courses on Visual Studio-.Net, Server Administrator, Enterprise Administrator, Database Developer and Administrator, Microsoft Exchange Server and SharePoint Server leading to latest Certification tracks of MCTS, MCPD and MCITP. NIIT has also introduced series of latest technology courses on Microsoft Dynamics NAV and CRM, thereby opening absolutely niche career options to the student Oracle: NIIT and Oracle, one of the world?s leading supplier of software for information management, have entered into a global alliance to offer cutting edge training programmes in Oracle technologies. Tally: NIIT and Tally market leader in financial accounting software have partnered to create talent pool for financial accounting. In the present economic scenario the need for trained and qualified manpower has increased. All organizations require finance and accounting professionals but today they have become choosy about the people they hire as they want them to be more productive. Which is why NIIT and Tally, have come together to bring comprehensive programmes in financial accounting. The programmes combine NIIT's expertise in training and manpower development with Tally's unmatched leadership in accounting domain.
?
Similarly, NIIT has tie ups with CISCO, IBM, Zend
Apart from these private companies NIIT also commenced engagement with engineering colleges with the “NIIT Inside” offering. During the year, the Company tied up with 80 colleges. NIIT in association with these institutions created plan for enhancing students employability through well established and well tested training solution. NIIT across the world NIIT retained its strategy to focus on key geographies and pursued high potential markets. In China, the Company witnessed substantial growth in Chongqing and Wuxi regions through the existing Public Private Partnership initiative. NIIT also signed new agreements with the provincial governments of Qingdao, Zhangjiagang and Yangzhou to operate own centers under the Build-Operate-Develop Model of public private partnership. NIIT was awarded as “Leading Education Group in China” by Sina.com. NIIT?s focus on Southern Africa continued to yield results with the approval by SAQA (South African Qualifications Authority) of NIIT Programmes in South Africa and government approval at Botswana for degree program run with NIIT?s program and certifications also got an approval from „Mexico First?
SWOT analysis of NIIT: Strengths: ? Long standing and global brand NIIT is in market since 1981, with its strong management and culture it had developed Brand name and everyone trusts it. Global reach is one of the strengths that makes NIIT a preferred learning partner worldwide, and is made possible through the contributions of our global brands. ? Best in class domain partnerships NIIT had formed alliances with all leading IT and commerce companies. NIIT provides certified courses from companies like Microsoft, Cisco, Tally. ? Content creation capability ? Process and tools for distributed delivery of education NIIT has tools for distance education through online learning courses. ? Width and depth of reach ? Innovative NIIT had changed the perception of traditional education by introducing new way of learning through programmes like nguru which enables students to learn through PC with actual experience of various things . ? Institutional alliance model NIIT formed alliances with educational institutions to train their students and help them in finding jobs.
?
Global linkage
Weakness: ? Low skilled faculty Opportunities: ? Acquisitions ? Innovation There are still many opportunities available in ever changing IT sector. With introduction of new technologies every day, training centers have huge demand in market ? Huge demand for short period, professional, job oriented courses Threats: ? Changing consumer preference towards shorter duration courses ? Tough competition from private courses and engineering institutions In the last few years, there has been an increase in engineering and college enrolments. There is an increased interest from colleges for employability solutions.
doc_274197414.docx