How to Start NIIT Franchise Business
Are you interested to start a business in the education sector? Looking forward to starting the NIIT franchise business? Read this post to learn why and how to apply for the NIIT franchise business.
NIIT Limited, a global leader in Skills and Talent Development was established in 1981. NIIT offers multi-disciplinary learning management and training delivery solutions to corporations, institutions, and individuals in over 40 countries.
The focus areas of training at NIIT are IT, Banking, Finance and Insurance, Knowledge Process Outsourcing (KPO), Business Process Management (BPM), Executive Management Education, Vocational Skills, School Learning Solutions, and Communication and Professional Life Skills.
There are about 45 million learners worldwide. NIIT has positioned itself as a corporate training company and Industrial Training Company, with customized programs for both large and small enterprises. NIIT has three main lines of business the corporate Learning Group, the Skills and Careers Group, and the School Learning Group.
Table of Contents
NIIT Franchise Cost in India
Here’s a detailed overview of the costs involved in setting up a NIIT franchise in India.
Breakdown of NIIT Franchise Costs
| Expense Category | Approximate Cost (INR) |
|---|---|
| Franchise Fee | 5 – 10 Lakhs |
| Setup and Infrastructure | |
| – Interiors and Furniture | 10 – 15 Lakhs |
| – IT Infrastructure | 10 – 15 Lakhs |
| – Learning Resources and Materials | 5 – 10 Lakhs |
| Initial Marketing and Promotions | 2 – 5 Lakhs |
| Licenses and Registrations | 1 – 2 Lakhs |
| Miscellaneous Costs | 2 – 3 Lakhs |
| Total Initial Investment | 35 – 60 Lakhs |
| Monthly Operational Costs | |
| – Rent | 50,000 – 1.5 Lakhs |
| – Salaries | 1 – 2 Lakhs |
| – Utilities | 20,000 – 50,000 |
| – Maintenance | 10,000 – 20,000 |
| Total Monthly Costs | 1.8 – 4 Lakhs |
Detailed Explanation of Costs
Franchise Fee
The franchise fee for a NIIT center typically ranges between INR 5 Lakhs and INR 10 Lakhs. This fee grants the franchisee the right to use the NIIT brand name, access to their curriculum, and initial training and support.
Setup and Infrastructure:
- Interiors and Furniture: Setting up the interiors and purchasing furniture for classrooms, computer labs, and administrative areas can cost between INR 10 Lakhs and INR 15 Lakhs.
- IT Infrastructure: This includes computers, servers, networking equipment, and other necessary IT infrastructure, costing approximately INR 10 Lakhs to INR 15 Lakhs.
- Learning Resources and Materials: Includes textbooks, software, and other educational materials, costing between INR 5 Lakhs and INR 10 Lakhs.
Initial Marketing and Promotions:
Initial marketing efforts to attract students and promote the new center can cost between INR 2 Lakhs and INR 5 Lakhs.
Licenses and Registrations:
Obtaining the necessary licenses and permits to operate the NIIT center can cost between INR 1 Lakh and INR 2 Lakhs.
Miscellaneous Costs:
This covers any unforeseen expenses during the setup phase, estimated at INR 2 Lakhs to INR 3 Lakhs.
Monthly Operational Costs:
- Rent: Monthly rent for the premises can range from INR 50,000 to INR 1.5 Lakhs, depending on the location. You will need at least 2000 sq. ft floor area to run a NIIT education franchise center.
- Salaries: Staff salaries, including instructors and administrative personnel, typically range from INR 1 Lakh to INR 2 Lakhs per month.
- Utilities: Monthly utility bills, including electricity, water, and internet services, can range from INR 20,000 to INR 50,000.
- Maintenance: Regular maintenance and upkeep of the facilities can cost between INR 10,000 and INR 20,000 per month.
Financing Options
Potential franchisees can explore various financing options to manage the initial investment:
- Bank Loans: Many banks offer educational and business loans tailored for franchise businesses.
- Personal Savings: Using personal funds to reduce reliance on loans.
- Investors: Partnering with investors to share the financial burden and risks.
Return on Investment (ROI)
The ROI for a NIIT franchise depends on factors like location, student enrollment, and operational efficiency. Typically, franchisees can expect to break even within 2 to 3 years.
Why NIIT Franchise Business?
In starting any franchise business as such, one must analyze this very carefully. You must have a projected ROI calculation in hand prior to the start.
NIIT is a household name in India and a leading global Talent Development Corporation.NIIT Offers a unique Franchise Business Model. Equips franchisees with cutting-edge curriculum and courseware that makes it a preferred choice for individuals and enterprises. Offers an umbrella of a highly reputed and credible brand name. For developing franchises, NIIT offers them the Authority to provide Official Curriculum Training from Leading Technology Providers.
NIIT Offers a network of more than 3,500 centers that are spread across 35 nations. The company offers franchisees detailed operations manuals and processes. For developing franchises, NIIT offers them the authority to provide official curriculum training from leading technology providers.
Read: Best Education Franchise Opportunities in India
With a strong focus on assuming the leadership role in the Digital Learning World and further accelerating NIIT’s growth and profitability, the company has charted a focused business strategy to address the Digital Transformation needs of individuals and corporate customers
NIIT Franchise Opportunity Details
Franchise Support
NIIT always maintain the standard which has been set by them, thus providing extensive support to their franchise partners. The support mechanisms provided by them are
- Training support – NIIT provides training to Faculty and counselors, training for marketing and sales, and for new products ie new educational programs. NIIT also provide induction programs for their franchise and their support staff.
- System support – NIIT designs the admission process, conducts an online examination, and also provides a system to maintain the record of students and manage the day-to-day operations at the center.
- Marketing and advertising support – NIIT does marketing and advertising at the National and International levels.
Who Can Apply for NIIT Franchise Business
- The candidate should be a graduate in any discipline.
- The individual should possess the ability to mobilize resources through internal and external means. He/she should have the capability to personally invest around 50-60 per cent of the total project cost.
- Additionally, the candidate should have complete knowledge of the regional and local markets.
Where to Contact for NIIT Franchise?
The person who wants to apply for the NIIT franchise should be a graduate in any subject. He should have extensive knowledge of the regional market. He should be a First-time Entrepreneur and self-employed in business and have 1-3 years of experience in any functional area, preferably at the middle management level.
Additionally, he should be financially sound to invest 60-70% in the project cost. He should be completely committed and devoted to the NIIT franchise business.
One can apply online here – https://www.niit.com/india/training/business-partner/franchisee-support-and-process. Provide the reasons for his/her interest in the NIIT franchise in around 250 words. However, you should mention the location where he is willing to start. Also, one can directly contact the NIIT corporate office situated in Gurgaon for franchise details. Below, you can find the Address, phone no, fax and official website of NIIT.
- Corporate Office NIIT Limited, 85, Sector 32, Institutional Area, Gurgaon,
- Haryana -122001
- Email:- [email protected]
More Education Franchise Opportunities:
NIIT franchise is a profitable and rewarding option for individuals looking for an education franchise opportunity. Analyze and decide whether this business opportunity fits you as per your skills, experience, interest, and knowledge.
