NIIT Technologies
Encyclopedia
NIIT Technologies Limited is a global information technology
solutions organization, servicing customers in North America
, Europe
, Asia
, Australia
and the Middle East
. It offers solutions focused around Applications Development and Management, Managed Services, Cloud Computing, Packaged Implementation and Business Process Outsourcing (BPO). The company is listed on the National Stock Exchange of India
.
The erstwhile software and services business of the NIIT
Group, NIIT Technologies has an experience of over two-and-a-half decades in the software sector. It was spun off from the NIIT
Group in 2004, and has been operating as a separate entity since then.
Group, providing software consultancy support, customized solutions as well as product distribution services to corporate India as well as global customers. The business operated under the umbrella of NIIT
Ltd., which was set up in 1981 by two young entrepreneurs, Rajendra S. Pawar
and Vijay K. Thadani
, old friends and dorm-mates from the IIT, Delhi
.
software service exporters, according to NASSCOM
’s Annual Surveys. It follows global standards of development, and has been assessed at Level 5 of both SEI-CMMi version 1.2 and People-CMM frameworks. The organization has the ISO 27001 information security management certification and its data center operations are at the international ISO 20000
IT management standards. NIIT Technologies is focused on select industry verticals and provides solutions to organizations in these segments.
It has three Indian subsidiaries, NIIT SmartServe Limited, NIIT Technologies Services Limited and NIIT GIS Limited, which provide business process outsourcing
and GIS solutions, respectively.
NIIT Technologies - annual revenue of INR
12,323 million as of 2011.
, Computer Associates, IBM
, Informatica
, Metalogic
, Microsoft
, NetIQ, Oracle
, SAP
, SEEC and TIBCO.
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
solutions organization, servicing customers in North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
, Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
and the Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
. It offers solutions focused around Applications Development and Management, Managed Services, Cloud Computing, Packaged Implementation and Business Process Outsourcing (BPO). The company is listed on the National Stock Exchange of India
National Stock Exchange of India
The National Stock Exchange is a stock exchange located at Mumbai, Maharashtra, India. It is the 9th largest stock exchange in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading. NSE has a market capitalization...
.
The erstwhile software and services business of the NIIT
NIIT
NIIT Limited is a global computer education company. The company is listed on the National Stock Exchange and Bombay Stock Exchange of India. The company provides training for individuals, enterprises, schools and colleges. It has its presence in 40 countries worldwide.In 2004 , NIIT was...
Group, NIIT Technologies has an experience of over two-and-a-half decades in the software sector. It was spun off from the NIIT
NIIT
NIIT Limited is a global computer education company. The company is listed on the National Stock Exchange and Bombay Stock Exchange of India. The company provides training for individuals, enterprises, schools and colleges. It has its presence in 40 countries worldwide.In 2004 , NIIT was...
Group in 2004, and has been operating as a separate entity since then.
History
For at least 15 years of its history, NIIT Technologies remained the software and services arm of the NIITNIIT
NIIT Limited is a global computer education company. The company is listed on the National Stock Exchange and Bombay Stock Exchange of India. The company provides training for individuals, enterprises, schools and colleges. It has its presence in 40 countries worldwide.In 2004 , NIIT was...
Group, providing software consultancy support, customized solutions as well as product distribution services to corporate India as well as global customers. The business operated under the umbrella of NIIT
NIIT
NIIT Limited is a global computer education company. The company is listed on the National Stock Exchange and Bombay Stock Exchange of India. The company provides training for individuals, enterprises, schools and colleges. It has its presence in 40 countries worldwide.In 2004 , NIIT was...
Ltd., which was set up in 1981 by two young entrepreneurs, Rajendra S. Pawar
Rajendra S. Pawar
Rajendra S. Pawar is the chairman of NIIT. He co-founded NIIT along with his batch-mate Vijay K. Thadani and with the active support of Shiv Nadar. He was awarded the Padma Bhushan by the Government of India in 2011....
and Vijay K. Thadani
Vijay K. Thadani
Vijay K. Thadani is an Indian businessman who co-founded NIIT along with Rajendra S. Pawar in 1981. He is currently the CEO of the company. He is an alumnus of Indian Institute of Technology, Delhi.-References:...
, old friends and dorm-mates from the IIT, Delhi
Delhi
Delhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...
.
Overview
NIIT Technologies is ranked among India's top 20 information technologyInformation technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
software service exporters, according to NASSCOM
NASSCOM
The National Association of Software and Services Companies of IT software and services related activities for use of both the software developers as well as interested companies overseas....
’s Annual Surveys. It follows global standards of development, and has been assessed at Level 5 of both SEI-CMMi version 1.2 and People-CMM frameworks. The organization has the ISO 27001 information security management certification and its data center operations are at the international ISO 20000
ISO 20000
ISO/IEC 20000 is the first international standard for IT service management. It was developed in 2005, by ISO/IEC JTC1 SC7 and revised in 2011. It is based on and intended to supersede the earlier BS 15000 that was developed by BSI Group....
IT management standards. NIIT Technologies is focused on select industry verticals and provides solutions to organizations in these segments.
- Banking and Financial servicesFinancial servicesFinancial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
- InsuranceInsuranceIn law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
- ManufacturingManufacturingManufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
and RetailRetailRetail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be... - TravelTravelTravel is the movement of people or objects between relatively distant geographical locations. 'Travel' can also include relatively short stays between successive movements.-Etymology:...
and transportation(TTL) - Healthcare
Acquisitions
- It has acquired German based company Softech, which serves small and medium airlines operations.
- NIIT Technologies also acquired UK-based company ROOM Solution late in 2006-2007.
- NIIT Technologies acquired Proyecta Sistemas in Aug 2011
It has three Indian subsidiaries, NIIT SmartServe Limited, NIIT Technologies Services Limited and NIIT GIS Limited, which provide business process outsourcing
Business process outsourcing
Business process outsourcing is a subset of outsourcing that involves the contracting of the operations and responsibilities of specific business functions to a third-party service provider. Originally, this was associated with manufacturing firms, such as Coca Cola that outsourced large segments...
and GIS solutions, respectively.
NIIT Technologies - annual revenue of INR
Indian rupee
The Indian rupee is the official currency of the Republic of India. The issuance of the currency is controlled by the Reserve Bank of India....
12,323 million as of 2011.
Alliances
NIIT Technologies has established alliances with organisations such as BEABea
- Aviation :*British European Airways*Bureau d'Enquêtes et d'Analyses pour la Sécurité de l'Aviation Civile, the French agency responsible for investigating aviation accidents- People :* Augustin Bea , a cardinal of the Roman Catholic Church...
, Computer Associates, IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
, Informatica
Informatica
Informatica Corporation is a NASDAQ listed company with ticker INFA. Founded in 1993, its headquarters is in Redwood City, California. Founded by Diaz Nesamoney and Gaurav Dhillon...
, Metalogic
Metalogic
Metalogic is the study of the metatheory of logic. While logic is the study of the manner in which logical systems can be used to decide the correctness of arguments, metalogic studies the properties of the logical systems themselves...
, Microsoft
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
, NetIQ, Oracle
Oracle Corporation
Oracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems...
, SAP
SAP AG
SAP AG is a German software corporation that makes enterprise software to manage business operations and customer relations. Headquartered in Walldorf, Baden-Württemberg, with regional offices around the world, SAP is the market leader in enterprise application software...
, SEEC and TIBCO.
Timeline
- 1981: NIIT was established by Rajendra S. PawarRajendra S. PawarRajendra S. Pawar is the chairman of NIIT. He co-founded NIIT along with his batch-mate Vijay K. Thadani and with the active support of Shiv Nadar. He was awarded the Padma Bhushan by the Government of India in 2011....
and Vijay K. ThadaniVijay K. ThadaniVijay K. Thadani is an Indian businessman who co-founded NIIT along with Rajendra S. Pawar in 1981. He is currently the CEO of the company. He is an alumnus of Indian Institute of Technology, Delhi.-References:...
to cater IT education and training in IndiaIndiaIndia , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world... - 1982: Setup educational centers in MumbaiMumbaiMumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
and ChennaiChennaiChennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India... - 1984: IT consultancy service stated
- 1985: Head Office integrated in New DelhiNew DelhiNew Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
- 1986: Software product distribution started under "Insoft" brand
- 1993: Received ISO 9001 for software export
- 1993: International Revenue touched Rs 50 million
- 1993: It becomes listed company and launched a successful IPO
- 1995: Revenue crosses Rs 1 billion mark
- 1997: It becomes world economic forum global growth company
- 1997: It is the second Indian company after HCL TechnologiesHCL TechnologiesHCL Technologies Limited is a leading global IT services company headquartered in Noida, India. It is primarily engaged in providing a range of software services, business process outsourcing and infrastructure services. HCL Technologies is fourth largest IT company in India and is ranked 48 in...
that have granted special status in Malaysia Multimedia Super Corridor - 1997: Unique distinction puts NIIT into first list of 21st Global companies
- 1997: NIIT becomes World Economic Forum global growth company
- 1998: The company's market capitalization crosses US$1 billion mark
- 1999: NIIT and its subsidiaries global revenue reached Rs 8.8 billion
- 2000: Oracle CorporationOracle CorporationOracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems...
became exclusive partner with NIIT Ltd to provide education on Oracle technologies specially on Oracle Database - 2000: NIIT built knowledge products for MacmillanMacmillan PublishersMacmillan Publishers Ltd, also known as The Macmillan Group, is a privately held international publishing company owned by Georg von Holtzbrinck Publishing Group. It has offices in 41 countries worldwide and operates in more than thirty others.-History:...
US$10.6 Million - 2004: NIIT Technologies started offering Geographic Information Systems (GIS) to its clients
- 2005: German based software company SAP AGSAP AGSAP AG is a German software corporation that makes enterprise software to manage business operations and customer relations. Headquartered in Walldorf, Baden-Württemberg, with regional offices around the world, SAP is the market leader in enterprise application software...
and NIIT Technologies tied up to implement software projects for government and public sectors - 2006: It got multi-million dollar project by partnering with Singapore's Defence Science and Technology Agency (DSTA) to provide outsourcing development to the Singapore Government
Key industry verticals
NIIT Technologies mainly focuses on well-defined key sectors of industry:- Banking & Financial Services
- Retail Banking
- Wholesale Banking
- Investment Management
- Risk and Compliance Offerings
- Business Testing Frameworks
- Insurance
- Channel and Customer Interface Solutions
- Core Insurance Business Processes
- Enabling Insurance Business Processes
- Regulatory Compliance and Tax Environments
- Intellectual Property-Solutions and Solution Accelerators
- Value Added Services
- Travel Transportation and Logistics
- Airlines and Travel Distribution
- Airports
- Surface Transport
- BPO
- Integrated BPO
- Manufacturing & Retail
- e-Business
- e-Procurement
- SAP retail
- Healthcare
Global Units
- North AmericaNorth AmericaNorth America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
: USA - EuropeEuropeEurope is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
: UK, Continental Europe - Benelux region & DACH region, Spain - OceaniaOceaniaOceania is a region centered on the islands of the tropical Pacific Ocean. Conceptions of what constitutes Oceania range from the coral atolls and volcanic islands of the South Pacific to the entire insular region between Asia and the Americas, including Australasia and the Malay Archipelago...
: AustraliaAustraliaAustralia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, New ZealandNew ZealandNew Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga... - AsiaAsiaAsia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
(ChinaChinaChinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, IndonesiaIndonesiaIndonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
, Malaysia, VietnamVietnamVietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
, BahrainBahrain' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...
, [Dubai])
See also
- Software companies of India
- Information technology in India