The Next 50#79 NIIT Limited

NIIT had a marginal de-growth of 1% in FY14. In School Learning Solutions (SLS) revenue was impacted by expiry of four large projects for IT and IT-based education in state government schools. During the year, SLS signed up 668 schools for providing nGuru solutions with an order intake of `909 mn. In FY13, the company recorded an order intake of `916 mn for providing nGuru solutions with an order intake of `909 mn.

nGuru has been recognized as the ‘Best Interactive Solution Provider' at the National Education Excellence Awards 2014 by leading industry body Assocham.

The corporate learning solutions business did extremely well for the company as its revenue grew by 31% driven by 45% growth in MTS, compated to 19% YoY growth in FY12-13. There is also addition of seven new customers in the company's portfolio in this domain.

IT training remained weak as hiring by IT sector continued to decline, this has impacted enrolments for NIIT's IT training programs. NIIT is now building a strong portfolio of non-tech programs which had a strong growth during the year and now contributed 26% to revenue from individual learning solutions.