NIIT lines up ambitious plan for global centre - Views on News from Equitymaster

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NIIT lines up ambitious plan for global centre

Oct 21, 1999

According to news reports, NIIT has outlined plans to invest US$ 17 m to set up a global development centre. NIIT commenced operations in 1981, as an infotech (IT) training company (45% domestic market share) to become the ninth largest (in terms of revenues) computer-training institute in the world. It plans to move up the IT value-chain by developing software products. Currently, the company has a presence in 31 countries and operates through 18 fully-owned subsidiaries.

The global software development centre will employ about 750 people, majority (approximately) 650 of which will be based in India, and the balance in China.

The setting up of the global centre is an attempt by the company to globalise its development efforts. It is in the process of expanding its operations into the e-commerce solutions area. The global software outfit will prove instrumental in its e-commerce efforts.

Market view:
Analysts have mixed feelings about the company. A section opine that the company's valuations are too high, and have recommended a 'HOLD'. Another section are of the view that given the company's potential, its valuations could get better and have flagged it as a 'LONG TERM BUY'.

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