3i Infotech, a global Information Technology company,
committed to empowering business transformation, has envisioned major
growth plans for
itself, in the backdrop of strong tailwinds experienced over six successive
quarters through the last two years. With a revenue of over Rs 1000 crores in
the last 4 years, the Company has added 139 new customers in FY 17, growing its
customer portfolio to more than 1000 customers across 50 countries in 4
continents.
The Company has implemented a 3 phase ‘Protect-Consolidate-Grow’
approach that has been successful and is reflected in the operating margins of
the Company. The approach has helped the organization retain its existing
customers and win new ones. While maintaining a stable margin of 18 to 20 per
cent, the Company improved its CRISIL rating to 'CRISIL BB/Stable'. The
Company reported a net profit of Rs 100.65 crores in FY 2017, with an improved
EBITDA over the past 5 years, while achieving an order-book balance of Rs 572
crores as on March 31, 2017. The cash flow from operations has been positive
and the Company’s net worth as on March 31, 2017 was Rs 370.09 crores. The
Company continues to be profitable and has reported a net profit in H1-FY2018.
Positioning itself as a one-stop, Next-gen IT enterprise, the
organization has a balanced mix of business from across all geographies,
globally, with Americas (32%), EMEA (22%) & APAC (46%). The organization
continues to strengthen its dominant presence across emerging markets,
including MEA, APAC and India with continued investments to grow its US business.
Speaking on this fresh phase of growth in 3i Infotech, and
positioning it as a future ready IT enterprise of 2020, Padmanabhan
Iyer, Managing Director & Global CEO, 3i Infotech said, “3i
Infotech’s core strength lies in strategic engagement with customers offering
comprehensive IT solutions, made effective by deep domain expertise. Digital
transformation is the base of the Company’s end-to-end solution stack and
consulting framework, comprising of IPR based solutions and IT Services. With
the impetus to expand the impact of our product portfolio, we are focusing on
disruptive technologies, such as - IoT, Blockchain, SMAC, Robotics, AI, Machine
Learning, Telematics & Cybersecurity to facilitate expansion of market
reach of our customers. The organization, driven by over 4800 talented
technology specialists across products and services group, is also geared up
culturally and operationally to collaborate and offer composite next generation
solutions to its customers.”
With a focus on investment in R&D for its products and
services, the Company has more than 20 IPRs and 65 version releases across its
product portfolio (Kastle/AMLOCK, MFund, Orion & Premia) which
uniquely position 3i Infotech to address dynamic requirements of a variety of
industry verticals, predominantly BFSI sector.
To
reinforce its customer connect, the Company has re-organized itself into four
business units – Banking Products, Insurance & Financial Services Products,
ERP Products & IT Services across BFS, IHC, Government and Enterprise. The
Company’s business model is a good spread between developed and emerging
markets, as well as between IT products and IT services.
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