Niit Profile
Key Indicators
- Authorised Capital ₹ 142.20 Cr
- Paid Up Capital ₹ 27.06 Cr
- Company Age 43 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.80 Cr
- Satisfied Charges ₹ 892.94 Cr
- Revenue Growth -67.11%
- Profit Growth -112.04%
- Ebitda -443.12%
- Net Worth -27.33%
- Total Assets -30.13%
About Niit
Niit Limited (NL) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 December 1981 and has a history of 43 years and two months. Its registered office is in South Delhi, Delhi, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500304 and on the National Stock Exchange(NSE) under NIITLTD.
The Company is engaged in the Education Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 142.20 Cr and a paid-up capital of Rs 27.06 Cr.
The company currently has active open charges totaling ₹4.80 Cr. The company has closed loans amounting to ₹892.94 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Niit Limited India are Pankaj Jathar as Ceo, Sanjeev Bansal as Cfo, and Arpita Malhotra as Company Secretary. Rajendra Pawar, Vijay Thadani, Parappil Rajendran, and Seven other members serve as directors at the Company.
Company Details
- Location
South Delhi, Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
What products or services does Niit Limited offer?
Niit Limited offers a wide range of products and services, including Financial Service, Educational Services, Educational Consultants, IT, Networking & Automation Solution, IT Solutions, Business Planning and Management, Business Consultant, Welfare Organization Services, Social Services, Computer, IT & Software Training.
Who are the key members and board of directors at Niit?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vijay Thadani  | Managing Director | 02-Dec-1981 | Current |
| Pankaj Jathar | CEO | 09-Jul-2024 | Current |
| Sanjeev Bansal | CFO | 24-May-2023 | Current |
| Arpita Malhotra | Company Secretary | 24-May-2023 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sonu Bhasin | Director | 09-Feb-2024 | Current |
| Avani Davda | Director | 05-Jun-2021 | Current |
| Rajendra Pawar | Whole-Time Director | 02-Dec-1981 | Current |
| Parappil Rajendran | Whole-Time Director | 01-May-1990 | Current |
Ravindra Garikipati  | Director | 11-Nov-2021 | Current |
| Srikanth Velamakanni | Director | 24-May-2023 | Current |
Financial Performance of Niit.
Niit Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 67.11% decrease. The company also saw a substantial fall in profitability, with a 112.04% decrease in profit. The company's net worth observed a substantial decline by a decrease of 27.33%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Niit?
In 2023, Niit had a promoter holding of 34.85% and a public holding of 65.13%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Global Solutions Private LimitedVijay Thadani is a mutual person
Berger Paints India LimitedSonu Bhasin is a mutual person
Rps Consulting Private LimitedVijay Thadani, Parappil Rajendran and 2 more are mutual person
Persistent Systems LimitedAvani Davda is a mutual person
Multi Commodity Exchange Of India LimitedSonu Bhasin is a mutual person
Affle (India) LimitedSanjiv Chaudhary is a mutual person
Charges (Loans)
₹4.80 Cr
₹892.94 Cr
Charges Breakdown by Lending Institutions
- Others : 2.40 Cr
- Citi Bank N.A. : 2.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jul 2008 | Others | ₹2.40 Cr | Open |
| 31 Mar 2003 | Citi Bank N.A. | ₹2.40 Cr | Open |
| 30 Oct 2018 | Others | ₹20.00 Cr | Satisfied |
| 18 Oct 2018 | Citi Bank N.A. | ₹20.00 Cr | Satisfied |
| 26 Dec 2016 | Others | ₹60.00 Cr | Satisfied |
How Many Employees Work at Niit?
Niit has a workforce of 1042 employees as of Aug 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Niit, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Niit's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
