NIIT
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NIIT Limited is an Indian for-profit multinational corporation headquartered in Gurgaon, India, that provides training, development, and vocational education. The company was set up in 1981 to help the nascent IT industry overcome its human resource challenges. NIIT offers training and development to individuals, enterprises and institutions.
NIIT Limited is an Indian for-profit multinational corporation headquartered in Gurgaon, India, that provides training, development, and vocational education. The company was set up in 1981 to help the nascent IT industry overcome its human resource challenges. NIIT offers training and development to individuals, enterprises and institutions.
Acquisitions
In 2001, NIIT acquired Osprey Systems, DEI and Click2learn in the US, to establish its e-learning and corporate learning practices in that country. In 2006, NIIT acquired Element K, a provider of learning solutions in North America. Subsequently, Element K was sold off in 2012. On October 1, 2021 NIIT announced the acquisition of a 70% stake acquisition in RPS Consulting, a Bengaluru based training company.
Financial controversy
On June 9, 2022, the Securities and Exchange Board of India concluded an investigation regarding insider trading within NIIT Technologies. The investigation verified that insider trading had occurred, as a result of a corporate announcement made on behalf of NIIT on the floor of the National Stock Exchange of India on March 23, 2015.
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