NIIT Limited : Training Recession proof

The ripple effect of the global meltdown is gradually permeating down to the
training market globally, but NIIT Limited managed a 25% rise in career
enrollments in India; added twelve new centers; and expanded seating capacity by
15% y-o-y in the domestic market, all in the first quarter itself.

In the second quarter, the individual learning solutions business saw a 22%
increase in overall enrollments. For addressing increasing demand for skilled
workers in the business and technology services industry, a new program called
NIIT Uniqua was launched offering training programs in areas like business
processes, language skills and business communication.

For the first time, NIIT also forayed into the BI space through partnership
with SAS Institute. Through alliance with Pearson VUE, NIIT will expand their
certification network in India. In the enterprise learning solutions business,
the company bagged training orders worth $39.2 mn in the first quarter and $39.4
mn in the second quarter. The highlight of the school learning solutions
business was bagging a Rs 1,728 mn order from the Andhra Pradesh government to
provide computer aided education to 2,005 schools, making it the biggest
contract in India in the segment.

Launched a year back, the financial management training business has also
done remarkably well.