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About NIIT Limited
NIIT Limited is an Indian multinational corporation specializing in skills and talent development, headquartered in Gurgaon, India. Established in 1981 by Rajendra S. Pawar and Vijay K. Thadani, NIIT was initially set up to address the human resource challenges faced by the burgeoning IT industry in India[3].
## Overview of NIIT Limited
- Business Operations: NIIT offers a wide range of training and development programs for individuals, enterprises, and institutions across more than 30 countries. The company is divided into two main business lines: the Corporate Learning Group (CLG) and the Skills & Careers Business (SNC). CLG provides managed training services to leading companies globally, while SNC focuses on talent development programs in areas like digital transformation, banking, finance, and IT[3][5].
- History and Milestones: NIIT introduced a franchising model in IT education in 1987 and began software product distribution under the 'Insoft' brand in 1986. The company launched its flagship program, GNIIT, in 1992 and started trading on Indian stock exchanges in 1993. NIIT expanded globally, setting up its first overseas education center in Hong Kong in 1996 and launching 'NetVarsity', a virtual university[3].
- Recent Developments: In 2019, Baring Private Equity Asia acquired a controlling stake in NIIT Technologies Ltd., which later rebranded as Coforge Limited in 2020[3]. NIIT continues to innovate with programs like the Career Edge Scholarship for engineering students and participation in initiatives like the Skill India campaign[4].
- Financial Performance: As of January 2025, NIIT Ltd.'s share price was around 165.55, with a market capitalization of approximately 2,243 crore. The company reported a profit for the quarter ended December 2024[4].
## Key Leadership
- Rajendra S. Pawar: Executive Chairman
- Vijay K. Thadani: Vice Chairman & Managing Director
- Parappil Rajendran: Joint Managing Director
- Sapnesh Kumar Lalla: Non-Executive Director and former CEO[2][4].
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