3i Infotech

3i Infotech is an organization with a diverse portfolio spanning multiple industry verticals. Established in 1993 and headquartered in Mumbai, the company has businesses in various sectors, including BFSI, healthcare, manufacturing and retail.

3i Infotech uses emerging technologies, including artificial intelligence blockchain, robotic process automation, cloud computing and machine learning (ml), with the objective of driving innovation and operational efficiency.

The company has a workforce of over 6,000 professionals spread across 30 offices in 15 countries. It serves over 1,000 clients in more than 50 countries, spanning across four continents.

3i Infotech’s market capitalisation stood at ₹760 crore as of December 27, 2023. 3i Infotech share price has surged over 724% in the last three years.

3i Infotech was established in 1993 as a wholly-owned subsidiary of ICICI. In 1999, the company played a major role in the consolidation of technology projects that were implemented by ICICI/ICICI Bank and a few of its subsidiaries and affiliates.

Specializing in information technology services, the company expanded its activities in late 1999, building on the expertise it had garnered serving the bank and its affiliated entities. This expansion involved offering a wide range of services, including software development and services, IT infrastructure and network management and business process outsourcing (BPO).

ICICI sold out the majority of its equity shares in the company in March 2002. As a result, 3i Infotech ceased to operate as a subsidiary of ICICI.

Business operations

A significant part of the 3i Infotech’s service offering is digital transformation. The company provides a range of services such as consulting, cloud transformation, data and analytics, infrastructure management, quality assurance, business process and blockchain services.

For the banking and financial services industry, 3i Infotech offers a variety of services in areas like wealth management, corporate and retail banking, risk and compliance and retail banking.

EnGRC: EnGRC is the governance, risk management, and compliance software of 3i Infotech. It includes modules for risk assessment and management, regulatory compliance, internal audit, incident response action management and control testing.

Flexib+: 3i Infotech’s automated testing software, Flexib+, is designed to enhance testing processes and ensure flawless products.

iEmpower: iEmpower is the employee performance management software. It helps managers and HR teams manage employee performance and career and skill development, all in one place.

Momenta+: Momenta+, the big data analytics software from 3i Infotech, deploys analytical models, provides access to interactive reports and dashboards, and facilitates faster actions.

NuRe Campus: The higher education student information systems from 3i Infotech, NuRe Campus makes administrative processes in educational institutions easy.

NuRe Edge (SASE): This is a cloud service from 3i Infotech that offers solutions for distributed workforces, IoT devices and operational technology infrastructure.

NuRe Zero Trust Sovereign Cloud (ZTSC): Oracle-powered NuRe Zero Trust Sovereign Cloud (ZTSC) ensures control over operations, data and workloads, coupled with embedded security and compliance.

Financial highlights

• In FY23, 3i Infotech reported a net profit of ₹1.37 crore, compared to the loss of ₹57 crore it reported in the previous fiscal year.
• Revenue from operations stood at ₹729.1 crore in FY23, compared to ₹677 crore in FY22, representing a 7.7% rise.
• The earnings per share (EPS) increased to ₹0.08 in the fiscal year 2023, compared to ₹(-3.44) in the previous fiscal year.