NIIT is an Indian multinational and a talent development company. It is headquartered in Gurgaon, India. It was incorporated in the 1981. The founders are Rajendra S. Pawar and Vijay K. Thadani. NIIT is focused on imparting training to individual and institutions. It is one of the world’s leading training companies due to its vast and comprehensive array of talent development programs. It provides training service to both individual and corporate organizations.
Financial Snapshots
Revenue in Q4 FY 22 increased by 35% YoY to 375 Crores. The profit has shown an improvement of 45% YOY to Rs. 67.4 Crores. EBITDA has increased 6%Y-O-Y to 73.2 Crores. In FY 2022 revenue has increased 44% Y-O-Y to 1377.5 crores. The EBITDA margin for FY 2022 stood at 21.8% with an increase of 456 bps YoY. Profit after tax increased by 58% to 226.2 Crores.
Segmental Revenue Analysis
Corporate Learning Group (CLG) shows a growth in revenue of 24% YoY to Rs. 295.7 Crores in Q4 FY22 while in FY 22 CLG recorded revenue of Rs. 1131 Cr increased 35 % YoY. CLG focused on adding 3 more global contracts. It has signed 16 new MTS customers and now the total number of MTS customers stood at 66.It has also expanded 2 contracts and extended 1 contract. Skills & Careers Business (SNC) increased by 97% YoY to 79.3 Crores. For FY 22 the total revenue stood at Rs 246.5 crores showing an increase of 99%.
Operational Efficiency
NIIT has increased its operational efficiency by strengthening its digital transformation. It has added Data Sciences, AI/ML, Cloud Computing, Cybersecurity and Digital Marketing to meet the accelerating employment growth.
Strategic Partnership
NIIT has entered into strategic partnership with RPS consulting Limited a digital training platform with expertise, skills and emerging technologies this would help a large number of corporate engaged in training.