History of NIIT Ltd.
1981
- The Comp. was incorporated on December 2, under the name of Pace Education Private Limited. The Comp. was promoted by Shri S.S. Nadar, Shri. V.K. Thadani, Shri. R.S. Pawar & Smt. Kiran Nadar. The company began its operation by developing, marketing & implementing technical know-how packages for Education/Training. Consultancy and data processing in the field of Information Technology.
1982
- The first Computer Education Centre was set up at Mumbai & later in the same year another centre was opened in Delhi.
1988
- On 27th October Comp. became a Public Limited company.
1990
- On 16th November, the name of Comp. was changed to NIIT Limited.
1992
- A contract was signed with Software Publishing Corporation [SPCs] for developing an enhanced version of one of SPC own' products.
- The Comp. successfully introduced two new facilities in the form of `Computerdromes' & the `Carry Home PC', which were received very well.
- The Comp. developed curicula for professional sales & marketing which are offered through the National Institute of Sales [NISs] at New Delhi & Chennai.
1993 - 135,71,224 share allotted to promoters, relatives, friends etc. 36,07,500 No. of equity shares of Rs 10 each were issued at a premium of Rs 40 per share of which 1,71,700 shares reserved for allotment on a preferential basis to employees [all were taken up.s] Balance 34,35,800 shares issued to the public. [all were taken ups].
- The Comp. received the international quality certification, ISO 9001, for its Instructional Software Exports Division [ISXs] from Bureau Veritas Quality International, UK.
- The Comp. has also set up state-of-the-art software factories as per the project plan for offshore development of Instructional software, Application software & System software.
- The new curriculum has been designed to aid the creative & problem solving ability of student through a `MindRoom' concept, which lays special emphasis on application development & on projects that simulate real-life industry applications in a multi-media environment.
- The Comp. launched the GNIIT [Software Exportss] curriculum during the year.
1994
- The Comp. launched its new 2 1/2 year career programme in sales more than doubled its growth & expanded its reach five-fold.
- The Comp. undertook to set up six software factories at New Delhi, Mumbai & Chennai. The Comp. also undertook to set up additional automated learning centres at Mumbai, Calcutta, Delhi & Chennai.
- The Comp. proposed to modernise the career education product line with main thrust on the provision of additional computering resources in two forms.
- 85,88,662 bonus equity shares issued in prop. 1:2. 750 shares kept in abeyance.
1995
- The Comp. is the only non-US Comp. certified as an independent coursework vendor by Microsoft.
- 13,00,000 Pref. shares issued of which 2,00,000 shares redeemed during the year. 1,400 shares forfeited.
1996
- During the year Comp. undertook to set up its operations in the Multimedia Super Corridor.
- The Comp. has developed further state-of-art methods for absorbing, adapting & effectively deploying new technologies.
1997
- Issued Share Capital includes 22,039,896 Equity Shares of Rs.10/- each allotted as fully paid-up Bonus Shares by way of capitalisation of General Reserve/Share Premium Account in 1994-95, in 1992-93 & in 1987-88.
- 700,000; 10.5% Redeemable Preference Shares of Rs. 100/- each are redeemable at par on 24th January, 1999. However, the Comp. & the preference shareholders have 'Put & Call Option' after 24th August, 1998.
- 1,100,000 13.5% Redeemable Preference Shares of Rs.100/- each have been redeemed during the year as per terms of redemption at par, after creating capital redemption reserve of Rs.110,000,000.
- The year saw the Comp. emerge as a Global IT Services Corporation. Ranked as the No.3 software provider for global markets from India by NASSCOM, the Comp. has received recognition through a number of prestigious awards, both for its R&D in computer software, software exports & quality of products, services & solutions, from various government & business organisations.
- During the year, NIIT software facilities achieved SEI-CMM Level 3 certification making it one among go companies world-wide to achieve this status.
- The Comp. introduced a computer plus quality management programme called C+QM Curriculum as an integral part of its four year GNIIT programme in June.
- The Comp. further enhanced its on-line learning facility on the internet, NIIT NetVarsity TM [http://www.niitnetvarsity.coms], which uses Skillettes TM as the atoms of learning. The NetVarsity's Interactive courses are also available on Oracle Corporation internet Oracle Learning Architecture [OLAs] web site. Besides, the year saw the Company move into electronic commerce by setting up the NIIT CBT Store on the Internet.
- The Comp. became the first Comp. in India to implement the world renowned performance measure, EVA, as a key management strategy to ensure single-minded focus on enhancing shareholder value.
- NIIT will be working on setting up its operations in the Multimedia Super Corridor [MSCs] in the current year.
- The National Institute of Information Technology [NIITs] has signed a license agreement with Compulab Act, a computer education software organisation from Philippines to open a computer education centre in Manila, Philippines.
- The company, is the sixth largest multimedia educational software provider in the world.
- The Comp. has introduced schemes like dating allowance, holiday and gifts on birthdays, wedding anniversary gifts & also the parental leave for male & female employees to look after their children below one year. The Comp. also has the state-of-the-art facility at its software export complexes which contain all facilities for the workforce.
- NIIT has emerged as a specialized solution provider to the countries in the Association of Southeast Asian Nations, & the US.
- NIIT has launched its redevelopment technologies curriculum by offering post-graduate programmes for year 2000 problem.
- NIIT Ltd, the global software & training organisation, has been conferred an award for outstanding export performance in computer software & for research & development in electronics by the Department of Electronics [DoEs]. The DoE instituted these awards in 1990 to encourage & recognise excellence in the various sectors of electronics.
- NIIT is setting up its third computerdome in Delhi, Computerdome is a library of hardware & software facilities to be used by students enrolled with NIIT.
- NIIT Ltd has bagged the Software Technology Parks of India [STPIs] award for top software exporter, Noida Centre.
- NIIT has also developed CD-ROMs on Crosby concepts such as personal quality management & problem solving tools.
- NIIT Ltd, the computer training & software services company, has introduced a quality management programme as an integral part of its three-year GNIFT scheme aimed at creating software professionals.
- NIIT has entered into a joint venture agreement with the Chinese government to launch its educational programme in China.
- NIIT is launching NIIT BOOT IT!, a computer literacy programme, on Doordarshan on July 19. The programme will be presented by Dr. Sugata Mitra, head of NIIT R&D, who also conceptualised the programme.
- NIIT Ltd, the global software & training organisation has been awarded the international quality certificate ISO 9002 for it's software products group by prestigious Bureau Veritas Quality International [BVQIs] of Britain.
- NIIT has entered into an agreement with Oracle Corp., under which Oracle Education Division will distribute NIIT Web-playable Skillettes & other computer based training products through the Internet via Oracle Oracle Learning Architecture [OLAs].
- NIIT Ltd has entered into a partnership with Silicon Graphics India, leader in visual computing & web-based solutions, for creating the Webmaster programme, a new Internet-based programme of studies.
- NIIT is the first Comp. in India to adopt the EVA concept and implement it in the Comp. & also use it as a performance measurement tool.
- The domestic software training & development major NIIT Ltd is entering into a strategic alliance with the US-based visual technology expert Engineering Animation Inc [EAIs].
- NIIT Limited, a HCL group company, has signed a joint venture agreement with CSK Corporation, a $7 billion Japanese company.
1998
- NIIT Ltd, in co-operation with the Hong Kong-based TVE Group and Pudong Continuing Education Centre of Shanghai Higher Education [PCECs], has launched an IT education & training centre in Shanghai.
- NIIT has also introduced Spirit Funds for employees to take up courses for their personal effectiveness, public speaking, or courses in foreign languages.
- NIIT Ltd has signed an agreement with Malaysia first `Virtual University' to share technology & design & prepare the course curriculum.
- NIIT, the leading computer trading institute, has introduced the Technology Edge, a path-breaking method in Internet-based education services.
- IT services corporation, NIIT Ltd, has announced the worldwide launch of India first learning facility on the Internet for preparing computer professionals for certification in Microsoft technologies.
- NIIT has launched the Swift accountant programme to train accounting professionals & commerce students gain proficiency in computerised financial accounting.
- NIIT has emerged the No. 1 Comp. in the packaged software sales segment.
1999
- NIIT has launched an integrated enterprise-wide information technology training solution called eMPOWER-IT.
- NIIT has entered into an alliance with Microsoft Corporation to launch the Microsoft Sales Specialist Programs.
- NIIT Ltd is launching a one-stop shop solution for schools wishing to impart training through computers.
- The Comp. also bagged a letter of intent from the Malaysian government to develop the science curriculum for Smart Schools project. Malaysia is NIIT largest overseas market for computer training with over 14 NIIT education centres.
- NIIT & Structural Engineering Research Centre [SERCs] have signed a memorandum of understanding [MoUs] to offer finite element analysis [FEAs] software solutions, & engineering services & consultancy.
- NIIT, a leading software training Comp. in India with extensive operations abroad, has launched Project Platypus a technology initiative that will enhance the content & delivery mechanism of IT education.
- NIIT Ltd, the software & training major in the country, has launched a new technology initiative in computer education, which includes online classroom learning environment, abundant Internet access & Web-centric curriculum [WCCs].
- NIIT, a software & training major, has said it has launched a range of path-breaking technology initiatives to revolutionise computer education.
- NIIT has launched Web Centric Curriculum [WCCs] for its students to function in online class room learning environment with abundant internet access.
- Information technology major NIIT Ltd, Institute of Quality Ltd [IQLs] and AFL Ltd have entered into a strategic alliance forming the Supply Chain Consultancy Service [SCCSs] to provide consultancy services in this segment in India.
- Education & training major NIIT will offer free computer training to 10,000 school teachers across the country.
- Citibank India has entered into an exclusive tie-up with computer training institute NIIT to offer an unique seven-year Citibank student loan to students who quality for newly-launched GNIIT programme. - NIIT Ltd, the training & software services major, has launched the i-GNIIT programme.
2000
- The Comp. has launched its corporate virtual university programme in the US & made it available from a single vendor.
- Credit rating agency Crisil has assigned the highest safety rating of triple A [AAAs] to software & IT training company, NIIT Ltd, for its debenture programme.
- The Comp. launch Linux Software in India.
- NIIT has launched a series of programmes to help learners gain an edge in e-commerce & convergence applications skills.
- NIIT is to set up a separate subsidiary, NIIT Online Learning Ltd.
- NIIT Ltd is poised to set up a subsidiary in China through a joint venture with TVE International.
- The Comp. has entered a strategic alliance with Sun Microsystems to jointly develop technical strategies for dot coms.
- IT education major, NIIT has tied up with indiaproperties.com to provide technology courses for real estate industry and professionals connected with it like builders, brokers, consultants and industry suppliers.
- Computer education & software services firm, NIIT had tied up with the Information & Industrial Systems and Services division of Toshiba Corp to offer e-business solutions to a Japanese auto maker.
- At the joint initiative of NIIT & its subsidiary Accolade Software, the first fully export-oriented software development unit of Assam was formally inaugurated on 7th August.
- The Comp. has bagged a $10.6 million e-knowledge solutions order from Macmillan USA, Inc.
- NIIT has opened its third Computer Education Centre in Guwahati.
- The Comp. has joined NETg@Custom Developer Alliance program.
- The Comp. has signed a memorandum of understanding with the Delhi Government to set up 30 computers in resettlement & slum areas of Delhi so as to reach to the grass root level.
- NIIT, the major e-business solutions corporation, was assigned to create a business-to-consumer communication portal by Japanese system integrator NTT Data.
- The Delhi-based NIIT limited & Apollo Hospitals Group are jointing hands to create `MeDVarsity', an Internet-based virtual medical university to cater to the medical fraternity.
- NIIT has entered into a global strategic alliance with Computer-logic Inc, a leading provider of technology solutions for $260-billion automotive aftermarket industry for over 22 years.
- NIIT, has signed a 'Partnership for development' agreement with the Commonwealth of Australia.
2001
- NIIT has tied up with US-based wireless platform & solutions provider, Veriprise Wireless to offer mobile solutions.
- Citibank, International Finance Corporation & NIIT have together signed an agreement to start a Rs 400 crore student loan programme for high-tech education provided by NIIT.
-NIIT has tied up with Alcatel to address large enteprise Acc. in India & global markets in banking, financial & insurance sectors. NIIT will also partner Alcatel in domestic projects like the Rs 550-crore Delhi Metro Rail & VSNL project.
2002
- NIIT Ltd has been awarded a multi-million software maintenance, support & enhancement contract by Victorian Government of Infrastructure.
-The Board of Directors of NIIT Ltd appointed Mr K K Darbha as the Company Secretary & Compliance Officer of company.
2002
- NIIT Software ties-up with SunGard Planning Solutions, USA for disaster recovery solutions.
-NIIT, a leading global IT solutions provider on March 27, 2002 announced the acquisition of Osprey Systems, a privately held full life cycle SAP solutions & SAP Services & Channel Partner headquartered in Charlotte USA.
-To give a distinct identity to its software operations, NIIT has re-named its Global Software Business, NIIT Technologies.
- Dr B R Ambedkar Open University & India first IT training organisation, NIIT Ltd have joined hands to offer quality computer education to over 50,000 students pursuing undergraduate programs in Andhra Pradesh. A Memorandum of Understanding to this effect was exchanged at a function held here today [July 12, 2002s].
-NIIT Ltd has signed a Memorandum of Understanding to form an academic alliance with the US based ITT Educational Services Inc. [ITT/ESIs] As part of this MOU the ITT Technical Institute in Indianapolis, USA will offer ITT/ESI 4 year bachelor degree in IT with specialization in Information Systems Security [BS- ISSs] program to NIIT students in India.
2003
-NIIT Ltd & Indonesia University of Atma Jaya conclude a strategic initiative of setting up high-tech computer Education centre at the University campus in Yogyakarta in Indonesia.
-NIIT launches redesigned curriculum for Swift Jyoti for women.
-NIIT Ltd acquires e-Gurukul, a provider of e-learning in schools for Rs.15cr.
-NIIT launches the first of series of programmes at the school level for class IX and X.
-NIIT ties up with Karnataka State Open University & New-Delhi based Virtual Education Trust.
-NIIT bags the export award for Excellence in Exports,in recognition of its innovative training & technical services.
-Computer Education Centre NIIT launches a GNIIT scholarship programme for the acedemic year 2003-04.
-NIIT Franchise Association charges NIIT for shifting its base to China & also for winding up 1000 centres.
-NIIT join hands with Rajiv Gandhi Proudyogic Vishwavidyalaya, based in MP provides 4year B-Tech courses.
-NIIT says that it was now part of 'Superbrands' from India listing.
-NIIT Ltd enters into an agreement with SNDT Women University,Mumbai to offer Swift Jyoti for women.
-New Comp. by carving out the Global Solutions Business out of Comp. after appropriate segregation of Knowledge Solutions Business & authorized the preparation of Scheme of Arrangement.
-NIIT Technologies, the Global Solutions business of NIIT, opened a new Software Development Center at New Delh.
-NIIT board approves spin-off scheme
2004
- IT training & education major NIIT has entered into an exclusive agreement with Institute of Comp. Secretaries of India [ICSIs] to train its members & students on personal computing skills & specially designed tasks.
- Announces `Swift Jyoti', with a curriculum specially tailored to meet women needs
-Introduces a new post-graduate diploma in the .Net technology
- NIIT has joined hands with IIT Delhi to create an intensive learning programme for sunrise bioinformatics field.
- NIIT inks pact with Microsoft to launch IT programmes for faculty
-NIIT ties up with Reliance Info for call centre training
-- NIIT has introduced a new 'industry endorsed' multiple track GNIIT programme for career aspirants in IT
-Mr Arvind Thakur, Whole-time Director of Company, has resigned from the Board of NIIT Ltd & has been appointed as the CEO & whole time Director of NIIT Technologies Ltd at the Board meeting of respective Comp. held on June 12, 2004
2005
-NIIT launches 2nd national aptitude test
-NIIT - CM Dr Raman Singh launches Computer Education' in 1200 Chhattisgarh schools
-NIIT and INTEL India collaborates on joint training programs
-NIIT to collaborate in field of Textile Dyes and Intermediate for manufacturing, packaging and supply.
-NIIT and UK Open University forge academic alliance
2006
-NIIT partners with ICICI Bank on 26, September, 2006 to enter Financial Services Training.
2007
-The Comp. has issued Bonus Shares in the Ratio of 1:2.
- The Comp. has splits its face value from Rs10/- to Rs2/-.
2008
-NIIT Ltd has announced that Educational Testing Service [ETSs], the world leading educational measurement & research organization, & NIIT have entered into a strategic alliance to offer ETS suite of products in India.
- NIIT Ltd has tied up with Adobe to launch first ever state-of-art Web and Multimedia curriculum for Schools in India.
