NIIT Limited has made a strategic move in the education technology sector by acquiring a majority stake in iamneo Edutech Private Limited. The company announced the completion of its acquisition of 70% equity shareholding in iamneo Edutech for up to Rs 613.00 million on April 17, 2025, following board approval.

Acquisition Details

• NIIT has acquired 70% equity in iamneo Edutech for up to Rs 613.00 million
• The transaction was completed on April 17, 2025
• NIIT plans to acquire the remaining 30% stake from promoters over the next five years
• The deal was structured as cash consideration and does not involve related party transactions

About iamneo Edutech

iamneo Edutech is a provider of AI-powered deep skilling technology training solutions through a SaaS platform. The company caters to both universities and corporates, offering innovative learning solutions. For the fiscal year 2024-25, iamneo Edutech reported revenue of approximately Rs 276.00 million.

Strategic Implications

This acquisition is set to bolster NIIT's capabilities in delivering comprehensive learning solutions for undergraduates and early career professionals. The integration of iamneo Edutech's offerings will enable NIIT to provide:

• Industry-relevant technology courses
• Automated labs
• Assessments
• Placement management services for universities
• Talent onboarding and upskilling programs for corporates

Market Impact

The acquisition of iamneo Edutech positions NIIT to strengthen its foothold in the rapidly evolving edtech landscape. By incorporating AI-powered deep skilling technology, NIIT aims to enhance its service offerings and address the growing demand for advanced learning solutions in both academic and corporate sectors.

This strategic move aligns with the increasing focus on technology-driven education and skill development, particularly in preparing students and professionals for the evolving job market.

As NIIT moves forward with its plans to acquire the remaining 30% stake over the next five years, the company demonstrates its long-term commitment to fully integrating iamneo Edutech's capabilities into its portfolio.

NIIT Limited , a leading global skills and talent development corporation, reported mixed results for the first quarter, with revenue growth but negative EBITDA. The company also revised its full-year guidance, citing macroeconomic headwinds and slower decision-making in the market.

Financial Highlights

Segment Performance

Business Mix: 68% Enterprise, 32% Consumer

Key Developments

1. Acquisition of iamneo: NIIT completed the acquisition of a 70% stake in iamneo, an AI-powered deep skilling SaaS platform, for INR 609.00 million.

2. IFBI Stake Purchase: The company acquired the remaining 19% stake in NIIT Institute of Finance Banking and Insurance (IFBI) from ICICI Bank, making it a wholly-owned subsidiary.

3. Order Intake: Total order intake increased by 37% year-over-year to INR 1,065.00 million, with the Enterprise segment showing a 35% growth.

4. New Logo Wins: NIIT signed 10 new logos across BFSI and other business segments during the quarter.

Challenges and Market Conditions

NIIT's performance was impacted by several factors:

• Slowdown in decision-making cycles and discretionary spending cuts by Global System Integrators (GSIs)
• Cautious hiring sentiment in the banking sector
• Geopolitical conflicts affecting training batch schedules
• Planned investments in AI, go-to-market strategies, and integration expenses related to recent acquisitions

Revised Guidance and Outlook

Mr. Pankaj Jathar, CEO of NIIT Limited, commented on the results, stating, "While the near-term environment remains volatile, our conviction in the medium- to long-term opportunity is intact. We expect Q2 to mark the beginning of a gradual and sustained recovery."

Strategic Initiatives

NIIT is focusing on several strategic initiatives to drive growth:

• Accelerating go-to-market investments
• Expanding sales teams and increasing brand visibility
• Revamping learning platforms and introducing deep skilling programs in new-age technologies
• Integrating AI tools to enhance learner outcomes and internal productivity
• Expanding offerings to include generative and agentic AI, AI and digital coaching for banks and enterprises

The company remains committed to its long-term strategic objectives and continues to see significant opportunities in the skills and talent development sector, particularly in AI, digital, and domain-led learning.

As NIIT navigates through the current challenging environment, it aims to leverage its strong brand, differentiated deep skilling methodology, and scalable AI-powered delivery platform to capitalize on the evolving market demands and drive future growth.