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NIIT Tech adopts new model to boost profitability

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MUMBAI, INDIA: Software services firm NIIT Technologies Ltd is looking at a subscription-based business model to boost revenue and improve margins, a senior official said on the sidelines of an industry conference. 

The company on Thursday unveiled a software service for the business segment, which can be made available to companies as and when required or on demand.

"Since this is a non-linear kind of a model - where it is not related to the headcount and does not require a ramp-up, it will definitely reduce wage pressure and improve profitability," chief executive officer Arvind Thakur said.

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