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BSE: 532541 | NSE: NIITTECH | ISIN: INE591G01017 Market Cap: [Rs.Cr.] 1,816 | Face Value: [Rs.] 10 Industry: Computers - Software - Medium / SmallNIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, Japan, Asia and Australia. It offers services in Application Development and Maintenance, Enterprise Solutions including Managed Services and Business Process Management to organizations in the Financial Services, Transportation, Retail, and Manufacturing and Government sectors. The Company is certified in accordance to the ISO 27001 standard and also assessed at SEI CMMI - Level 5 Version 1.2. The Company has world-class development centres at New Delhi, Kolkata, Mumbai, Bangalore, Atlanta, London and Singapore. The company also has a sound Business Continuity Plan in place that can address any natural or accidental disasters at its development and operation centres. The year 2002 marked a significant milestone for NIIT's software arm for the first time, it notched up revenues higher than that of the education division. This triggered the move to establish NIIT Technologies as a separate company.
A restructuring exercise initiated in 2003, resulted in the creation of NIIT Technologies in June 2004. The company's commitment to quality and adherence to global standards has further strengthened its credentials among discerning customers. NIIT Technologies was among the early few software companies to upgrade its ISO certification to ISO9001: 2000. Subsequent re-certifications have been completed in 2003 and 2006. The formal assessment for HR practices was done in 2004 for Level 3 practices and in 2005 for Level 5. In February of the year 2006, the company formally made its foray into the Managed Services space to enhance its portfolio of services offerings. In February of the year 2006, the company formally made its foray into the Managed Services space to enhance its portfolio of services offerings. During the same year 2006, a joint venture company 'ADECCO NIIT Technologies Private Limited' was incorporated in which the company is 50% JV partner.
Inorganic growth, an important element of the growth strategy of NIIT Technologies, received fresh impetus during 2006-07, when the company acquired ROOM Solutions, a leading name in the Insurance market in the UK. The Company had ranked in ET 500, 2007 among the Top 20 wealth creator companies of India. During the year 2007-08, the company was felicitated with numerous awards. The company was presented the prestigious Banking & Finance ICT Innovation Award for Belgium/Luxembourg, along with the KBC bank. During the same period 2007-08, the company had obtained the official project completion signoff for the prestigious and operationally critical Comprehensive Maintenance Management System (CMMS) of the Indian Navy, which was executed at the Western Navy Headquarters of the Indian Navy at Mumbai by the Delivery Team of the India (Government) line of business in the APAC and India Business Unit. NIIT Technologies ranked No. 1 in the prestigious Black Book of Outsourcing 2008 Travel Industry user survey. The Company made a partnership with the Centre for Development of Advanced Computing (C-DAC), Noida in March of the year 2008, to offer value added application services through the Software as a Service mode of delivery. As at August 2008, NIIT Technologies launched its unique Fleet Management System (FMS) Solution Accelerator in keeping with its focus to address the growing public, passenger transportation and trucking business for logistics support.
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