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Contents
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NIIT Limited announces Q3 (Oct - Dec 2012) Consolidated Results
FY 2012-13
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Rajendra S Pawar
Chairman
NIIT Limited
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A Growth of 33% in fresh career enrolments for banking programs reflects the opportunities
in the BFSI segment.
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Vijay K. Thadani
CEO
NIIT Limited
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MTS (Managed Training Services) continued to gain acceptance during the quarter
by growing at 18%. It now contributes 70% to our Corporate Learning Solutions business,
which now has a revenue visibility of USD 134 Mn.
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P Rajendran
COO
NIIT Limited
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The success of NIIT MindChampions’ Academy (MCA) is a reflection of growing acknowledgement
of Chess as a powerful tool to develop young minds. We continue to extend MCA as
part of our innovative offerings for schools.
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Quarter 3 highlights on a continuing business basis
- Records Net Revenue at Rs 232.7 Cr
- Corporate Learning Solutions grows 14% YoY, led by 6 MTS orders
- School Learning Solutions grows 35% YoY
- Fresh Career Enrolments for Banking programs grow 33% YoY
- Strengthens IT Training offerings; Inks MoU with NASSCOM with
a vision to provide industry-aligned training to over 1 lakh students in the next
three years
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NIIT Limited: Q3 (Oct - Dec, 2012) Consolidated Financials
at a glance for Quarter ended December 31, 2012 (in Rs. Cr)
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System wide Revenue
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398.5
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Net Revenue
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232.7
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EBITDA
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7.7
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EBITDA %
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3%
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Profit After Tax
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0.5
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(In view of the divestment in Element K during FY 2011- 12, the
following table represents the YoY comparison on a Continuing business basis)
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NIIT Limited : Q3 (Oct - Dec 2012) Consolidated financials on
a continuing business basis for quarter ended December 31, 2012*
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Quarter ended December 31, 2011 (in Rs. Cr)
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Quarter ended December 31, 2012 (in Rs. Cr)
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Net Revenue
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239.0
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232.7
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PAT
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(16.9)
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0.5
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#excluding financials of Element K
NIIT Limited reported a Net Revenue of Rs. 232.7 Cr with a PAT
of Rs 0.5 Cr for the third quarter ending December 31, 2012.
Career Building Solutions (CBS) recorded net
revenue of Rs. 103.4 Cr during the quarter. Despite a challenged quarter, NIIT graduate’s
job-readiness and acceptance by the industry continued to be favourable with 8,879
students getting placed during Q3. At the same time, the short-term technology courses
registered a growth of 9%.
Into its fourth decade of leadership in Global Talent Development,
NIIT extended its portfolio to provide training for Commerce graduates and Digital
Marketing professionals during the quarter. NIIT rolled out the Diploma in Applied
Financial Management for B.Com students and entered into a tie-up with Digital Marketing
Institute (Ireland) to create a globally competitive resource pool for the fast
evolving digital marketing industry in India.
NIIT strengthened its IT training portfolio during the quarter, by entering into
a MoU with NASSCOM to enhance skill development of graduates through its in-campus
training initiative, across colleges in the country.
NIIT reinforced its talent development initiatives in the International
arena, by signing MoU with Vietnam’s 3rd largest, University of Da-Nang for its
in-campus training initiative, NIIT-Inside.
During the quarter NIIT Imperia launched two new programs- Advanced
Program in Strategy for Leaders and Advanced Program in Human Resource Management
from IIM, Lucknow.
NIIT completed the intensive training programs for the second batch of Tax Return
Preparers for Department of Income Tax in which 3,685 candidates got certified during
this quarter.
Corporate Learning Solutions (CLS) recorded net
revenues of Rs. 79.2 Cr., up 14% YoY on a continuing business basis and added 3
new global customers during the quarter.
School Learning Solutions registered net revenue
of Rs. 49.8 Cr. during the quarter, up 35% YoY. 137 new schools with Nguru solutions
were added in Q3 and Non Government schools revenue grew by 13% YoY.
NIIT MindChampions Academy (MCA) - a joint initiative by NIIT
and World Chess Champion Viswanathan Anand to initiate young minds into the World
of Chess in schools - crossed the milestone of impacting over 1.65 million children
across 16,500 schools since inception, during the quarter.
NIIT’s vocational skills training initiative - NIIT Yuva
Jyoti, established in partnership with National Skill Development Corporation
(NSDC) added new centres this quarter, taking the total number of centres to 26
with over 3,500 enrolments since commencement.
Awards and acknowledgements during Q3:
- Received the Brandon Hall Excellence in Learning 2012 Silver
Award in the Best in Competencies and Skill Development category jointly with Shell
for Shell Standard Primavera Education.
- Awarded the silver in Chief Learning Officer Learning in Practice
2012 awards for the Excellence in E-Learning category for MetLife Virtual Induction
Program.
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NASSCOM and NIIT partner to enhance skill development and quality
capacity of graduates
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Som Mittal’s
President, NASSCOM
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This initiative of NASSCOM with NIIT is aimed at scaling quality capacity of our
graduates. We believe our initiative will go a long way in contributing towards
achieving the scale that is required by the industry.
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Rajendra S Pawar
Chairman
NIIT Limited
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NIIT’s training expertise together with NASSCOM’s industry insights will empower
college students across India.
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- Vision to train over 1 lakh students over three years
NIIT signed a Memorandum of Understanding (MoU) with the NASSCOM Sector Skills Council
(SSC), for three years, to offer enhanced training programs to students through
its training campuses all across the country. The strategic alliance will offer
first-of-its-kind training programs that have been designed, developed and endorsed
by the industry through two initiatives- FSIT (Foundation
Skills in IT) - for engineering graduates and Global Business Foundation Skills
(GBFS) - for graduates of all streams.
While FSIT aims to develop foundation skills in IT, GBFS has been specifically designed
to meet the needs of the BPO/KPO and the LPO industry. NIIT will leverage its on-campus
delivery model - NIIT Careers@Campus, designed to enhance employability
skill sets of engineering graduates in particular and the overall employability
of all graduates in general.
The training program has been designed by IT-ITeS Sector Skills Council NASSCOM
and the achievement levels are certified through the NAC and NAC-Tech assessments.
The collaboration between NASSCOM’s IT-ITeS Sector Skills Council (SSC)
and NIIT aims to train over 1 lakh students over three years, starting
with 30,000 students in the first year.
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NIIT and Digital Marketing Institute (Ireland) partner to redefine
digital marketing education in India
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G Raghavan
Chief Executive, Career Building Solutions, NIIT Limited
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In line with our vision to offer cutting-edge career focused training programs in
the emerging areas of the knowledge society, we are delighted to partner with DMI
to offer globally recognized programs in digital marketing.
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Ian Dodson, Global
President & CEO, Digital Marketing Institute
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NIIT has the expertise on the ground in India to help us to deliver our programmes
to the highest professional standards for many years to come.
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Dr. Subho Ray
President, IAMAI
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This partnership between NIIT and DMI will go a long way in helping India emerge
as a leader in the digital marketing arena.”
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- Aim to create a globally competitive resource pool for the fast evolving
digital marketing industry in India
- Launch first of its kind globally recognized “Professional
Diploma in Digital Marketing” for the Indian market
- Internet and Mobile Association of India (IAMAI) welcomes the initiative as a
significant milestone for the industry
NIIT entered into a strategic alliance with Digital Marketing Institute (DMI), Ireland,
the global leaders in training professionals in digital marketing, to offer digital
marketing education and professional certification in India. To this end “Professional
Diploma in Digital Marketing”– a flagship program that offers comprehensive professional
certification and is recognized globally by the industry, has been introduced for
the first time in India.
Professional Diploma in Digital Marketing is validated by the Industry Advisory
Council which consists of global leaders in IT, Media, Finance and Communications,
such as Google, Facebook, LinkedIn, Intel, Microsoft, BT, Publicis, and many practitioners
from noted digital advertising agencies.
The program has been developed in cooperation with many of the leading digital companies
in the world and is recognised in over 25 countries including Europe, UK, USA, South
Africa and the Middle East. As part of the alliance, DMI will run specialist training
programs with NIIT faculty. Over 150 professional subject matter experts were involved
in developing the curriculum.
As per industry estimates, global digital media spend will exceed $104 billion in
2013 and is growing at a rate of over 10% annually. The rate of growth in Asia is
nearly 25% year on year. India is the third biggest user of the internet in the
world.
The program will give an overview of Search Engine Optimisation, Pay-Per-Click Marketing,
Affiliate Marketing, Email Marketing, Social Media Marketing, Digital Display Advertising,
Mobile Marketing, Web Analytics, E Commerce, and Planning Digital Marketing Campaigns.
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NIIT MindChampions’ Academy - Chess Master 2012, National Level
Winner Felicitated by World Chess Champion Viswanathan Anand
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Viswanathan Anand
World Chess Champion & NIIT MindChampion
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It is heartening to note that young children are taking up chess enthusiastically
and mastering the strategies of the game.
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Hemant Sethi
President, School Learning Solutions NIIT Limited
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NIIT MCA now touches more than 1.65 million students from over 17000 schools across
India.
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• Master Sree Govind Ganesh, Class 5 student of Chinmaya Vidyalaya, Kochi, adjudged
as National Champion
• Over 2 Lakh Students Across India Competed for the Coveted Chess Master 2012 Title
• Anand launches NIIT MindChampions’ Academy at Global Indian International School,
Indore, to nurture young minds through Chess
The National level winner of the NIIT MindChampions’ Academy (MCA) was felicitated
by World Chess Champion and NIIT MindChampion Viswanathan Anand at the grand finale
of Chess Master 2012 in Indore. Also present on the occasion were Hemant Sethi,
President, School Learning Solutions, NIIT Ltd. and Rajeev Katyal, Country Director,
Global Indian International School (GIIS).
Master Sree Govind Ganesh, Class 5 student of Chinmaya Vidyalaya, Kochi, was adjudged
as the National level winner of the NIIT MindChampions’ Academy - Chess Master 2012.
During the day, Grandmaster Viswanathan Anand launched NIIT MindChampions’ Academy
at Global Indian International School, Indore.
This year MCA has witnessed widespread participation of over 2 Lakh students from
8,000 schools across the country for the Chess Master 2012. The mega Chess tournament
was entirely conducted online, inspiring students from metros to the remotest towns
across the country, to play the game of Chess online.
Master Sree Govind Ganesh, National Winner, Chess Master 2012, commented,
“Exchanging Chess moves with Viswanathan Anand was a long cherished dream,
and I would like to thank NIIT MindChampions’ Academy for making it come true. Chess
has helped increase my concentration and improved my performance in academics, especially
in Maths and Science. “
NIIT MindChampions’ Academy encourages students to take up the game of Chess, enabling
development of young minds. The phenomenal success of MindChampions’ Academy has
reiterated the fact that Chess has been a rewarding experience for students, helping
them approach the academic problems in a more tactical and logical manner and improve
their analytical skills.
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World Chess Champion Viswanathan Anand emphasises the importance
of employability skills for undergraduates
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Viswanathan Anand
World Chess Champion & NIIT MindChampion
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I am pleased to see students of SSM College, Komarapalayam, benefit from NIIT Careers@Campus
programs, which prepare students to be job ready from day one.
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Chockalingam Murugan,
President, Institutional Alliances Business, NIIT Limited
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Careers@Campus is an initiative to bring employability enhancing skill sets to the
doorsteps of college students in campuses.
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• Applauds NIIT Careers@Campus programs for bringing industry-aligned curriculum
to undergraduates through in-campus training modules
• Congratulates SSM College, Komarapalayam, for completing one year of launching
NIIT Careers@Campus programs
NIIT Limited celebrated one year of successfully running its innovative Careers@Campus
programs at SSM College, Komarapalayam, at an event attended by World Chess Champion
and NIIT MindChampion Viswanathan Anand.
Anand applauded the industry-aligned programs, which aim to make students industry
ready by the time they graduate. Also present on the occasion were Cavalier Dr.
M S Mathivaanan, Chairman, SSM College of Engineering; Indarjith Mathivaanan, Vice-Chairman,
SSM College of Engineering; J C D Prabhakar, MLA and President, All India Chess
Federation; D V Sundar Vice President, International Chess Organisation and Abel
Daniel, Vice President, Institutional Alliances, NIIT Ltd.
NIIT’s Careers@Campus is an initiative to offer employability enhancing programs
to undergraduate students in their own college campus. These programs, mapped to
the college calendar, will be delivered through innovative in-campus training modules.
The initiative will enhance employability of students through results driven training
and will provide them an opportunity to learn from expert trainers.
NIIT’s continuous engagements and placement alliances with the
employer organizations ensure that the programs offered under NIIT’s Careers@Campus
programs are aligned to industry requirements.
The Employability Enhancement programmes, mapped to industry requirements, are aimed
at bridging the gap between academic education and industry needs. Students undertaking
the programme will undergo training in critical soft skills like Communication skills,
Personal development, Presentation skills etc.
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World Chess Champion Viswanathan Anand launches NIIT MindChampions’
Academy at National High School for Boys in Kolkata
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Viswanathan Anand
World Chess Champion & NIIT MindChampion
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MCA brings to students advantages of technology training combined with the benefits
of Chess.
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Hemant Sethi
President, School Learning Solutions NIIT Limited
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We have innovatively integrated Chess in the curriculum and used technology to enhance
learning experience.
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- To nurture & develop young minds by introducing them to Chess
Continuing with the objective of promoting Chess in schools, NIIT Limited launched
NIIT MindChampions’ Academy (MCA) at National High School for Boys, Hazra Road and
National High School for Girls, Deshopriya Park in Kolkata.
The program was unveiled by World Chess Champion & NIIT MindChampion Viswanathan
Anand, at both the schools on December 17, 2012. A joint initiative by NIIT & Grand
Master Viswanathan Anand, MindChampions’ Academy aims to popularize Chess in schools
across India.
NIIT MindChampion & World Chess Champion, Viswanathan Anand inaugurated the revolutionary
concept in presence of Mr. S.Radhakrishnan, President, N.R.Iyer Memorial Education
Society; Mr. K.R.Sriram-Secretary, N.R.Iyer Memorial Education Society; Mr. R.Jagannathan-Assistant
Secretary, N.R.Iyer Memorial Education Society; Anurag Dixit, National Sales Head,
School Learning Solutions, NIIT Ltd. and Debdash Bannerjee, Associate Vice President,
School Learning Solutions, NIIT Limited.
Studies have established a strong correlation between the game of chess and academic
excellence. It has been proved conclusively that Chess improves concentration and
diligence, thus building concentration levels and helping students perform better
academically.
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NIIT launches Graduate Employability Test (GET) to help graduates
evaluate job-readiness
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Amitabh Lahiri,
President, Individual Learning Solutions, NIIT Limited
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Expert counselling and fee waivers on NIIT’s accelerated, placement-backed Diploma
programmes will enhance the employability of students.
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The nation-wide test on 9th December enabled graduates to match their skills with
employee expectations
NIIT, leading Global Talent Development Corporation and Asia’s largest IT trainer,
successfully conducted the first Graduate Employability Test (GET) nation-wide on
December 09, 2012. GET enables graduates to evaluate their job-readiness and get
career consultation based on their test scores.
GET has been designed as a 100-minute objective type examination and aims to assess
functional abilities and behavioral traits that make up I.T. aptitude. Every student
undergoing the test will receive a personalized graduate employability score-card.
GET test takers get special fee waivers on accelerated, placement-backed Diploma
programmes offered by NIIT and a complimentary entry to NIIT's exclusive mega job
fair in early 2013. Candidates will also get to be a part of different Employability
Seminars conducted by Industry professionals. The assessment is expected to be of
particular benefit to graduate students as they will get I.T. career consultation
to assess their capabilities. The candidates are also entitled for Windows 8 – First
Steps course after completing the test successfully.
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NIIT in News
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For further queries,
please write to
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Copyright © 2008 NIIT Limited
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