When all other players in the sector were looking toward exports, one player decided to focus on the Indian market. NIIT Technologies! Add to it, when all its counterparts are crying hoarse over rupee appreciation, NIIT Tech is, in fact, having a good time. You know why? Here is the reason – “Today over 50% of our business comes from Europe, with US at a little over 30% and the rest from Asia Pacific including India. Europe has been a strong growth driver for us. Europe is as large a market as the US, but a more difficult one to address,” a confident Arvind Thakur, CEO, NIIT Tech told 4Ps, B&M.
NIIT Technologies has been following a distinguished strategy of driving ‘Value from Focus’ in all its initiatives. FY07‘ marked significant milestones for NIIT Technologies through high momentum and improvements in turnover and profitability. The firm grew well above the Indian IT-BPO industry average and continued to rank among the top 20 IT-BPO exporters in the country.
“NIIT Technologies has managed to distinguish itself in the market through a strong verticalisation strategy, innovative product and services portfolio, a robust inorganic growth plan and strong people orientation” adds Arvind Thakur. The comversus Rs.35.1 crore on QoQ basis. In Q2, FY08 NIIT registered net profit of Rs.34.4 crore versus Rs.35.1 crore on QoQ basis. During the corresponding quarters, its revenue was at Rs.230 crore versus Rs.229.4 crore, QoQ.
“To the investor, I would say that we have a sound strategy which has worked well. We would monitor the business and competitive environment to fine tune the strategy and remain focused on the business fundamentals,” concludes Thakur, who has knitted immense wealth for his shareholders.
NIIT Technologies has been following a distinguished strategy of driving ‘Value from Focus’ in all its initiatives. FY07‘ marked significant milestones for NIIT Technologies through high momentum and improvements in turnover and profitability. The firm grew well above the Indian IT-BPO industry average and continued to rank among the top 20 IT-BPO exporters in the country.
“NIIT Technologies has managed to distinguish itself in the market through a strong verticalisation strategy, innovative product and services portfolio, a robust inorganic growth plan and strong people orientation” adds Arvind Thakur. The comversus Rs.35.1 crore on QoQ basis. In Q2, FY08 NIIT registered net profit of Rs.34.4 crore versus Rs.35.1 crore on QoQ basis. During the corresponding quarters, its revenue was at Rs.230 crore versus Rs.229.4 crore, QoQ.
“To the investor, I would say that we have a sound strategy which has worked well. We would monitor the business and competitive environment to fine tune the strategy and remain focused on the business fundamentals,” concludes Thakur, who has knitted immense wealth for his shareholders.
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Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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