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Mint MMI 3iinfotech

3i Infotech achieved a turnaround after implementing comprehensive restructuring measures. They tightened operational cash flows, reduced costs aggressively, and restructured existing debt. This allowed the company to report a net profit in FY2017 after five consecutive years of losses. The company is focusing on digital transformation offerings for banking, financial services and other industries. It is also focusing on growth in key markets like India, Africa, APAC, and the Middle East.

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0% found this document useful (0 votes)
118 views1 page

Mint MMI 3iinfotech

3i Infotech achieved a turnaround after implementing comprehensive restructuring measures. They tightened operational cash flows, reduced costs aggressively, and restructured existing debt. This allowed the company to report a net profit in FY2017 after five consecutive years of losses. The company is focusing on digital transformation offerings for banking, financial services and other industries. It is also focusing on growth in key markets like India, Africa, APAC, and the Middle East.

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apsavi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MINT MEDIA MARKETING INITIATIVE

3i INFOTECH ACHIEVES TURNAROUND,


REVITALIZES AS A NEXT-GEN IT ENTERPRISE
M
umbai, May 6th, 2017: 3i Products & IT Services across BFS, to mature in these verticals and aug-
Infotech Ltd. BSE: IHC, Government and Enterprise, to Rs crores FY2013 FY2014 FY2015 FY2016 FY2017 menting the customer wallet share, by
3IINFOTECH, 3i Infotech is drive profound customer connect. The offering truly differentiated offerings to
a Global Information Companys business model of a good
Revenue from 1131.36 1307.89 1344.00 1125.59 1003.79 the customers.
Technology company committed to spread between developed and emerg- operations New Products & Solutions: Digital
Empowering Business Transformation. ing markets, as well as a range EBIDTA from 101.94 91.18 176.09 152.78 156.93 transformation is the theme for the
A comprehensive set of Banking, between IT products and IT services operations companys end-to-end solution stack &
Financial Services and Insurance IP continued to remain intact. The restruc- consulting frameworks. While evolving
based software applications, coupled turing gave the organization the nim- Net Profit/ (504.97) (357.56) (976.27) (553.52) 100.65 and serving as a true transformation
with a wide range of IT Services, bleness and flexibility to quickly grasp (Net Loss) partner to the customers, the company
including Application Development, opportunities and implement decisions is focusing on customer experience
Infrastructure Management, Consulting with sacrosanct TATs. Strong measures upgrades are being done, with the lat- yielded positive results. More impor- and customer value management,
and BPO, uniquely positions the com- to improve delivery yielded positive est technology stack embedded within tantly, the Company continued focused Cloud migration, Analytics, IoT technol-
pany to address the dynamic require- results. The company actively services a modular approach, offered on the investment on R&D for its products and ogies, SMAC, Telematics, RPA, AI,
ments of Banking, Insurance, Capital over 1000+ customers across 50 coun- cloud environments. Equally important, services. With these measures, the Machine Learning, Cybersecurity and
Markets, Asset & Wealth Management tries. A significant number of these cus- Services which is a big part of our busi- company successfully mined existing Blockchain to facilitate expansion of
(BFSI), Government, Telecom and tomers have been with the company ness, ride on digital transformation customers and acquired new customer market reach of its customers. 3i
Healthcare. Our ERP vertical in addi- for more than a decade. offerings as a key focus area for logos. There is a renewed focus on Infotech is also geared culturally &
tion to the above industry verticals, also While the Company continues to Banking, Financial Services, Insurance, Banking, Financial Services, Insurance, operationally to collaborate with fin-
offers comprehensive solutions to enhance its brand in the Domestic and Healthcare, Enterprise and Manufacturing, Retail & Distribution techs and leverage their solutions to fill
Manufacturing, Retail, Trading & International markets, ongoing cost Government, including Consulting, rec- and Government with specialized offer- gaps and offer composite next genera-
Distribution, Enterprise, Contracting, reduction and delivery synergy steps The Company is thankful to tion solutions to its customers and
ommending appropriate solutions and ings covering Islamic requirements,
NGOs, & Logistics. The company have helped sustain favorable benefits partnering with the customers in build- process streamlining, integration of dis- all its stakeholders, including prospects.
announced a net profit of INR 100.65 on the performance of the Company. ing, testing & maintaining them. The tribution channels and regulatory its customers, lenders, Growth Markets: 3i Infotechs
crores in FY 2017, after reporting loss- These measures combined with com- combination of our Products & Services requirements. The Company has also investors, employees and immediate focus is India, Africa, APAC,
es for 5 consecutive years. prehensive restructuring of its debt portfolio offers a one stop shop for all taken steps to rationalize as well as partners, who have stood by Middle East and US. The company
Comprehensive restructuring of resulted in the Company declaring net our active customers globally. strengthen its talent pool in a focused the Company through its plans to scale-up its footprint across all
existing debt ratio, tightened operation- profit after reporting losses for 5 con- Digital landscape is changing the manner to give an added thrust to its turnaround journey. The active regions and focus on UK &
al cash flows, prudent management of secutive years. way business is conducted and is now business growth. Companys focus on its Europe, later in the financial year.
working capital, backed with aggressive Speaking on the success, 3i Infotechs core strength lies in
a hard reality. It has become a growth In the current, constantly changing domain specific core
cost reduction were the measures Padmanabhan Iyer, Managing Director engine for companies to survive and technology landscape, the Company is strategic engagement with customers
competence strengthened its
instrumental in achieving the & Global CEO, 3i Infotech said, The thrive in both B2B & B2C. Emergence leveraging on its new mantra as a true business partner offering
relationships with
Companys turnaround. The company Company is thankful to all its stakehold- of new business models are facilitating Consistently invest in nurturing our comprehensive IT solutions predomi-
undertook ongoing measures to build ers, including its customers, lenders, stakeholders, and expedited nantly IPR based products & value
customer acquisitions and servicing global workforce to drive an intense stabilization and growth of
confidence amongst its customers investors, employees and partners, who through automation. Strategic long term culture of innovation & thereby render- added services bundled with deep
through proactive communication. have stood by the Company through its business operations. It also domain expertise catering to constantly
customer engagements combined with ing effective domain led business solu- reinforced the acceptance in
Since admittance to CDR, the turnaround journey. The Companys a consistent partner led approach have tions catering our targeted industry ver- evolving industry landscape. A razor
Companys business model continued focus on its domain specific core com- the market of the Companys sharp focus on the operating markets,
significantly rejuvenated companys ticals
to remain strong and maintained a petence strengthened its relationships comprehensive IT solutions deep domain understanding and busi-
relationships & thereby driving larger Revitalizing as a future-ready IT
strong operative margin in line with the with stakeholders, and expedited stabili- wallet share from active customer enterprise of 2020, the Company is Padmanabhan Iyer, ness driven technological solutions are
IT Industry. 3i Infotech remained pas- zation and growth of business opera- accounts. concentrating on Managing Director & ingrained in the fabric of 3i Infotech.
sionately focused on business efficien- tions. It also reinforced the acceptance To ensure it is one step ahead of the People: Nurturing and cherishing Global CEO, 3i Infotech Enrichment of the complete solutions
cy and sustainable long term growth, in the market of the Companys compre- curve, the company undertook ongoing the talent, the company is heavily suite across Banking, Financial
spearheading a bouquet of innovative hensive IT solutions measures to build confidence amongst investing in true Digital experts while Services, Insurance, ERP and IT
solutions that dovetail with its domain 3i Infotech has initiated steps to its customers through proactive com- incorporating numerous employee Business Verticals: The Companys Services, for our customers across tar-
led core competence. The company re- ensure that its offerings come up the munication. Strong consistent mea- enrichment initiatives across geogra- current focused verticals are Banking & get markets, will position 3i Infotech as
organized itself into four business units curve quickly to cater to both its tradi- sures to improve delivery as well as phies. Learning interventions, reward Financial Services, Insurance & a constant trendsetter to cater to next-
Banking Products, Insurance & tional markets as well as the new mar- significant cost reduction by optimizing programs, certification programs etc. Healthcare, Government and generation enterprises technological
Financial Services Products, ERP kets it plans to penetrate. Product resources and synergizing operations are also being introduced. Enterprise. By 2020 the company plans needs.

Core values of 3i Infotech:


1. Innovation tradition of pursuit of excellence and constant enhancement in solutions and services rendered to our customers, consequently contributing to
delight of their end customers.
2. Insight the deep domain knowledge that the Company brings to its engagements, partnering in its customers success and growth journey and thereby
earning their trust.
3. Integrity strong talent pool with a culture of adherence to commitments in all aspects of its association with customers and high standards of quality and
reliability.

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