NIIT is restructuring its business portfolio. BIPIN CHANDRAN looks at where it is headed
In early 2000, the over 20-year-old computer education and software services company, NIIT stunned the markets when it announced ambitions of becoming a Rs 10,000-crore company by 2005. Now, three years later, with shrinking revenues, the Rs 799-crore NIIT is nowhere close to achieving its target.
But as part of its restructuring, it has embarked on a shopping spree. It is acquiring companies in India and abroad, adding IT-enabled services to its services portfolio and foraying into new markets and verticals. In other words, NIIT is looking at various ways to boost its income and bottomline.
All this comes at a time when NIIT
