Demand soft across sectors, may look at new segments: NLSL CEO Lalla

As first announced in January 2022, the company became a separate entity after a demerger of NIIT Limited's corporate learning business in May this year

NIIT Learning Systems Limited (NLSL) is witnessing softness in demand across verticals with customers cutting down on discretionary spending amid a challenging macroeconomic environment.

The firm is looking at new market segments along with disproportionate investments in marketing and sales, its Executive Director and Chief Executive Officer Sapnesh Lalla told Business Standard.

“The business environment is challenging, to say the least. Most businesses or our customers see uncertainty in the environment and are hesitant to increase their spend on areas they believe are discretionary in nature. Education and training tends to be seen as an area that is discretionary,”