|
|
|
Vijay Thadani
CEO
|
|
• Issued FCCB worth $10 mn to Intel Capital to fund growth plans
|
|
• In the process of setting up a central university
|
|
• Net profit grew by 25%, net margins up to 9% from 5%
|
|
As the training industry moved into a positive growth phase at 10%, key
player NIIT displayed a similar trend and grew 11%. In the domestic training
business, NIIT at Rs 227 crore was ahead of its nearest competitor Aptech
(approx Rs 104 crore) by a huge margin. The company was able to grow profits by
over 25%, thanks to its export focused Knowledge Solution Business which
contributed a major chunk amounting to 42% of NIIT's net consolidated revenues.
While the Indian individual business broke even in the 3rd quarter, it showed an
operating loss of Rs 1.6 crore for the year.
During the year, NIIT reduced its number of centers from 3,500 to 3,369
citing uneconomic status as the reason. After Aptech, NIIT is now in the process
of creating its own central university in Northern India with an investment of
Rs 25 crore. In the institutional business, NIIT bagged orders from Assam,
Meghalaya and Himachal Pradesh governments.
|
l Start-up Year: 1981 l Products and Services:
Knowledge solutions and IT Training l Employees: 1,838 l Education Centers:
3,369 l Address: 8, Balaji Estate, Sudarshan Munjal Marg, Kalkaji, New Delhi
l Tel: 26482054/2 l Fax: 26203333 l Website: www.niit.com
|
|
