NIIT has completed demerger of Corporate Learning Business into NIIT Learning Systems (NLSL) upon the Composite Scheme of Arrangement becoming effective as on May 24, 2023. Going forward, NIIT will continue to focus on and operate the Skills & Careers business, whereas NLSL would operate the Corporate Learning Business.
This demerger recognizes the distinct market dynamics, customer segments, product offerings, and growth trajectories of each business. It provides sharper focus, simplified decision-making, focused allocation of growth capital and enhanced agility, creating significant value for stakeholders in each of these businesses.
NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements.
