NIIT Learning Systems Limited (NIIT MTS), which offers Managed Training Services to Fortune 1000 and Global 500 corporations across North America and Europe, marked its debut on Indian stock exchanges through its listing on BSE and NSE. The Company held its Listing Ceremony at BSE today, including the ceremonial Bell Ringing to mark the start of trading.
NIIT MTS operates NIIT’s Corporate Learning Business (CLG) which has been demerged from NIIT Limited to NIIT Learning Systems Limited upon the approval of the Composite Scheme of Arrangement. The demerger became effective on May 24, 2023, post approval from various stakeholders and the NCLT. Consequent to the demerger, each shareholder of NIIT Limited has been allotted one share of NIIT Learning Systems Limited for each share of NIIT Limited held by them on the Record Date, which was fixed as June 8, 2023.
This demerger recognizes the distinct opportunities, geographies and market dynamics, customer segments, product offerings, and growth trajectories of the Managed Training Services business. It will provide the business sharper focus, simplified decision-making, focused allocation of growth capital and enhanced agility.
Rajendra Singh Pawar, Co-founder NIIT and Chairperson NIIT Learning Systems Limited, said, “We are proud and thrilled to present our newly listed entity – ‘NIIT MTS’. The Managed Training Services Business has grown to be ranked in the Top 5, globally in the Learning Outsourcing space. The global corporate training market is currently underpenetrated and NIIT MTS has an opportunity to become a leader in this space.”
Vijay K. Thadani, Co-founder NIIT and Vice Chairman & Managing Director, NIIT Learning Systems Limited, said, “NIIT Managed Training Services enjoys the trust of over 80 Fortune 1000 Companies as key customers. Most of our customers are leaders in their respective industries. Our comprehensive, high impact managed learning solutions weave together the best of learning theory, technology, operations, and services to enable a thriving workforce. This unique, differentiated, and compelling moat makes the company a sustainable value creator.”
In FY23, the company recorded revenue at INR 13,618 million, up 20% YoY with EBITDA at INR 3,154 million at an operating margin of 23%. PAT was at INR 1,922 million with an EPS of 14.3. ROCE was at 49.6% and ROE at 29.2%. NIIT MTS ended the year with a customer tally of 80 and Revenue Visibility of USD 363 million.
ABOUT NIIT LEARNING SYSTEMS LIMITED
NIIT Learning Systems Limited (NIIT MTS) offers Managed Training Services to Fortune 1000 and Global 500 corporations across North America and Europe. The business has over 80 global customers which it services in over 30 countries. With a team of over 2300 world class learning professionals, it has earned over 400 industry awards and is ranked among the Top 5 Learning Outsourcing Companies worldwide. Trusted by the world’s leading companies, NIIT MTS provides high-impact managed learning solutions that weave together the best of learning theory, technology, operations, and services to enable a thriving workforce.