NIIT Learning Systems has announced the allotment of 98,000 equity shares under its Employee Stock Option Plan 2023-0, marking another milestone in the company's employee incentive program. The Share Allotment Committee approved this issuance on January 16, 2026.

Share Allotment Details

The company's Share Allotment Committee sanctioned the distribution of equity shares to eligible employees under the structured ESOP framework. The allotment represents a significant component of the company's employee retention and motivation strategy.

Listing and Trading Formalities

NIIT Learning Systems is currently in the process of completing the requisite formalities for listing these newly allotted shares. The company has indicated that it will file a listing application along with the necessary supporting documents to the stock exchanges in the near future.

The listing application will be submitted to facilitate the trading approval for these shares, ensuring they become part of the company's tradeable equity on the exchanges. This process involves compliance with regulatory requirements and submission of appropriate documentation to both BSE and NSE.

Regulatory Communication

The company has formally communicated this development to both major stock exchanges through official channels. Company Secretary and Compliance Officer Deepak Bansal signed the intimation letter, ensuring proper regulatory compliance and transparency.

The communication was addressed to the managers of BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, and the National Stock Exchange of India Limited at Exchange Plaza, Bandra Kurla Complex, Mumbai. This dual notification ensures comprehensive market awareness of the share allotment activity.

Corporate Structure

NIIT Learning Systems Limited, formerly known as MindChampion Learning Systems Limited, operates from its registered office in Gurugram, Haryana. The company maintains its corporate office at Infocity, Sector 34, Gurugram, and specializes in managed training services for various industry sectors.

NIIT Learning Systems Limited has announced the completion of its acquisition of SweetRush Inc., a strategic move that significantly expands the company's presence in the Americas market. The acquisition represents a major step in NIIT's growth strategy, combining SweetRush's award-winning learning design capabilities with NIIT's global managed learning services platform.

Acquisition Details

The transaction involves the complete acquisition of SweetRush Inc., executed through NIIT MTS' wholly owned subsidiary, NIIT (USA), Inc. The financial structure and key parameters of the deal are outlined below:

About SweetRush Inc.

SweetRush, founded in 2001 by Arturo Schwartzberg and Andrei Hedstrom, has established itself as a leader in AI-enabled custom learning experience design. The San Francisco-headquartered company brings significant operational capabilities and market presence to the NIIT portfolio.

Strategic Benefits and Growth Opportunities

The acquisition supports NIIT MTS' growth strategy through multiple strategic advantages. The combination creates an expanded services portfolio that includes strategic learning interventions, certification solutions, and talent solutions, positioning the company to drive wallet share expansion across enterprise, association, and not-for-profit client segments.

A key opportunity lies in converting project-based relationships into longer-duration, annuity-like managed learning engagements by extending NIIT's broader Managed Learning Services platform to SweetRush's existing client base. This transformation potential represents a significant revenue optimization opportunity for the combined entity.

Leadership Perspectives

Sapnesh Lalla, Chief Executive Officer and Executive Director of NIIT MTS, emphasized the strategic value of the combination: "SweetRush has built a trusted position with discerning clients for whom performance outcomes truly matter. This strategic combination adds award-winning strategic learning interventions and talent solutions to NIIT's Managed Learning Services platform."

Danielle Hart, Chief Executive Officer of SweetRush, highlighted the cultural alignment: "SweetRush's culture and craft have always been rooted in care, innovation, and business transformation. Joining NIIT gives us a larger platform to serve clients globally while staying true to what makes SweetRush distinctive."

Service Capabilities and Market Position

SweetRush's comprehensive service portfolio includes strategy consulting and analysis, strategic training interventions, bespoke learning solutions, high-performance talent solutions, certification development, and innovative learning technologies including VR, AR, and AI. The company has earned multiple awards and accolades across learning strategy, leadership, virtual training, blended learning, and innovation categories.

NIIT MTS operates as a trusted L&D and talent partner for leading companies in over 30 countries, with established metrics including a Net Promoter Score of 9/10 and a 100% renewal rate. The combination creates a comprehensive platform that merges human-centered learning craft with global operational scale, powered by technology and AI capabilities.