NIIT is looking to develop talent that is job ready
In a move to expand its corporate learning portfolio, NIIT has entered into a strategic partnership with Up! Your Service.
"Around this time, we are entering our growth phase and that is going to be my agenda to get NIIT started on a growth plan something similar to what we have been able to achieve in the corporate group", Sapnesh Lalla, CEO Designate of NIIT and Business Head of NIIT Corporate Learning Group told CNBC-TV18.
Such acquisitions will help in accelerating the company's digital transformation. NIIT wants to create a full-fledged tech enabled learning ecosystem for its clients, says Udai Singh, Head Of New Business Initiative, NIIT.
This Joint Venture comes with China government's initiatives to improve the country's skill base considering its slow decline in GDP primarily in the manufacturing sector, says Patwardhan.
edX currently has 730,000 learners who have subscribed to its online education facility. Patwardhan expects this number to increase to 5 million in 3 years following the tie-up.
The Citi order win will help the company sustain the current growth rate or even help better it, said Rahul Patwardhan, CEO, NIIT.
In an interview to CNBC-TV18, Ninad Karpe, CEO & MD of Aptech discussed government related schemes and also spoke about company's future prospects.
Rahul Keshav Patwardhan, CEO, NIIT, expects the company to do better on the bottomline next year. He also sees USD 190 million revenue visibility over five years.
NIIT‘s school business forms over 16 percent of revenue, which will be transferred to HIWEL, its existing wholly owned subsidiary, says Vijay Thadani, CEO, NIIT.
Speaking to CNBC-TV18, Vijay Thadani, chief executive officer of NIIT said the aim of selling its US subsidiary was to increase focus on management training services and other platforms of growth.
Vijay Thadani, CEO of NIIT, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, said that the company has decided to look after the complete training requirements globally instead of having an in-house training function.