NIIT Limited has announced the appointment of three officials as Senior Management Persons, effective January 30, 2026. The appointments were approved by the Board of Directors at their meeting held on January 30, 2026, based on recommendations from the Nomination and Remuneration Committee, as part of organizational structure changes.

Senior Management Appointments

The company has appointed three experienced professionals to senior management positions as part of its organizational restructuring:

Leadership Profiles

Pran Kishore Koul - Commercial Services Organization Head

Pran Kishore Koul brings over 37 years of cross-functional experience across Travel & Emigration, Logistics & Supply Chain, Strategic Procurement, Facilities & Infrastructure, Projects, Contract Management, and Corporate Administration. He holds a Postgraduate degree in General Management, with professional qualifications in Tax Regulations and an MDP in Logistics Management from XLRI, Jamshedpur. Koul is also a Certified "Up Your Services" Trainer, reflecting his commitment to service excellence and capability building.

Sachin Grover - Vice President GEN AI Initiatives

Sachin Grover is a technology and learning innovation leader with over 28 years of experience in building platforms, learning & development, digital talent transformation, and enterprise trainings. Since 2015, he has been central to the inception and scale-up of StackRoute as NIIT's deep-skilling and capability development business, serving various global enterprises across engineering, cloud, data, and AI domains. He helped architect StackRoute's immersive and mastery-based learning model grounded in learning sciences, experiential pedagogy, mentorship, and outcome-based assessment.

Vijay Kumar Srinivasan - Chief Technology Officer Stackroute Labs

Vijay Kumar Srinivasan is a technology leader with over 33 years of experience across technology solutions, learning solutions, and business transformation. At NIIT, Vijay has held diverse leadership roles, including trainer, business head, instructional design head, and technology head. He played a key role in launching NIIT's first platforms, such as EncoreVista, Cloud Campus, and an online customer acquisition platform with integrated product catalog and payment gateway.

Regulatory Compliance

The appointments have been made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures in compliance with SEBI master circular bearing no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The notification was signed by Arpita Bisaria Malhotra, Company Secretary & Compliance Officer, and communicated to both the National Stock Exchange of India Limited and BSE Limited on January 30, 2026.

NIIT Limited conducted its Q3FY26 earnings conference call on January 30, 2026, following the declaration of unaudited financial results for the quarter and nine months ended December 31, 2025. The management team provided detailed commentary on performance highlights and outlined strategic priorities for Q4 and beyond.

Management Commentary on Q3FY26 Performance

Vice Chairman & Managing Director Vijay Thadani acknowledged that Q3 performance did not meet internal expectations, primarily due to a sharper than anticipated slowdown in fresh hire training. The company experienced significant disruption in BFSI sector training schedules during the second half of the quarter, with training dates being pushed out unexpectedly.

CEO Pankaj Jathar highlighted that this marked the second consecutive quarter with revenue above ₹1,000 million. However, excluding iamneo contribution, revenue declined 10% year-on-year, largely attributed to compression in new hire training across large private sector banks and top IT services firms.

Segment Performance and Strategic Mix Shift

The company reported a significant shift in its business mix, with Tech-BFSI ratio changing to 76:24 from 65:35 in the previous year. Technology programs demonstrated strong resilience with 20% year-on-year growth, while BFSI and others segment faced pressure with revenue declining 27% to ₹248 million.

The management emphasized that their strategy to increase penetration across lateral job roles through upskilling and reskilling created a healthier balance between early careers and working professionals, making Enterprise tech structurally more resilient despite volatile fresher hiring cycles.

Nine-Month Performance and Investment Focus

For the nine months ended December 31, 2025, order intake reached ₹3,340 million, up 16% year-on-year, while revenue stood at ₹2,904 million, representing 7% year-on-year growth. The company added 37 new Enterprise logos and 20 new universities and colleges during this period.

CFO Sanjeev Bansal noted that despite revenue challenges, the company maintained positive margins through tight cost control while continuing investments in go-to-market capacity and new AI offerings. Cash and cash equivalents increased to ₹7,122 million from ₹6,846 million in the previous quarter.

AI Initiatives and Product Innovation

The management highlighted significant progress in AI-enabled offerings, which now contribute 17.65% to total revenue. A key launch during the quarter was the "Building Agentic AI Systems" program - a 25-week hands-on curriculum designed for engineers to architect autonomous, goal-oriented AI agents.

The company is also running various generative AI and agentic AI programs for Enterprise clients, spanning from leadership enablement to hands-on technical implementation across cloud platforms including AWS, Azure, Google Cloud, and Databricks.

Forward Guidance and Strategic Outlook

Management provided specific guidance for Q4FY26, expecting double-digit year-on-year growth. For the full year, this implies low to high single-digit growth. The company anticipates breakeven to low single-digit margins in Q4 given continued strategic investments.

Vijay Thadani concluded that while Q3 was challenging, the strategic foundation remains strong with AI offerings being well-received and the company successfully widening its demand base. The management emphasized maintaining cost discipline while continuing targeted investments to capitalize on the substantial medium-to-long term opportunities ahead.