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COMPANY PROFILE
3i Infotech Ltd.
3i Infotech Ltd.
TABLE OF CONTENTS
TABLE OF CONTENTS
Company Overview..............................................................................................3
Key Facts...............................................................................................................3
Business Description...........................................................................................5
History...................................................................................................................7
Key Employees...................................................................................................10
Key Employee Biographies................................................................................11
Major Products and Services............................................................................15
Top Competitors.................................................................................................18
Locations and Subsidiaries...............................................................................19
3i Infotech Ltd.
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3i Infotech Ltd.
Company Overview
COMPANY OVERVIEW
3i Infotech is a provider of information technology (IT) solutions to a range of industries such as
banking, insurance, capital markets, asset and wealth management, government, manufacturing,
retail, distribution, telecom and healthcare. The company provides its technology solutions to over
1,000 customers in more than 50 countries across five continents. 3i Infotech also provides software
products, IT services, consulting services and business process outsourcing (BPO) for a variety of
industry verticals. The company operates in the US, the UK, Bahrain, Saudi Arabia, Kenya, South
Africa, Kazakhstan, the UAE, India, Singapore, China, Thailand and Malaysia. It is headquartered
in Mumbai, India and employs around 2,649 people.
The company recorded revenues of INR13,440 million (approximately $220.3 million) in the fiscal
year ended March 2015, an increase of 2.8% over 2014.The company's operating loss was INR563.8
million (approximately $9.2 million) in fiscal 2015, as compared to an operating loss of INR1,652.4
million (approximately $27.1 million) in 2014. Its net loss was INR9,762.7 million (approximately
$160 million) in fiscal 2015, as compared to the net loss of INR3,575.6 million (approximately $58.6
million) in 2014.
KEY FACTS
Head Office
3i Infotech Ltd.
Tower 5 3rd to 6th Floors
International Infotech Park
Vashi
Mumbai 400 703
Maharashtra
IND
Phone
91 22 6792 8000
Fax
91 22 6792 8099
Web Address
http://www.3i-infotech.com
March
Employees
2,649
Bombay Stock
Exchange Ticker
532628
3i Infotech Ltd.
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3i Infotech Ltd.
Company Overview
National Stock
Exchange of India
Ticker
3i Infotech Ltd.
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3IINFOTECH
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3i Infotech Ltd.
Business Description
BUSINESS DESCRIPTION
3i Infotech is engaged in the provision of software and information technology (IT) solutions, including
packaged applications for the banking, financial services and insurance (BFSI), manufacturing,
contracting, and retail and distribution industries, among others. The company has its operations in
the US, the UK, Bahrain, Saudi Arabia, Kenya, South Africa, Kazakhstan, the UAE, India, Singapore,
China, Thailand and Malaysia.
The company operates its business through two segments: IT solutions and transaction services.
3i Infotech offers various services such as application development and management services,
business process outsourcing services (BPO), infrastructure management services, business
intelligence and enterprise application services (BI&EAS), consulting services, and testing and
compliance services.
The companys application development and management services include application development,
application rationalization, application maintenance and support, and technology CoE (Centers of
Excellence). 3i Infotechs BPO service offerings include account origination and on-boarding, payment
processing, back-office operations, receivables management, verification, scanning and digitization,
employee leasing, registrar and transfer agency services, printing management services, mailroom,
and records management services.
3i Infotech offers various end-to-end IT infrastructure management services including advisory
services such as convergence, business service management, cloud computing and security
compliance; infrastructure CoE services such as automation, high performance computing,
infrastructure as a service (IaaS), integrated service desk as a service (ISDaaS) and security as a
service (SECaaS); and enterprise management services, which include data center management
services, unified communications, applistructure support and end-user support services.
The company offers various BI&EAS, which include business intelligence and data warehousing (BI
& DW) consulting, BI and advanced analytics, enterprise data warehousing, enterprise performance
management, enterprise application, and application maintenance services. 3i Infotech offers
information technology resource management (ITRM) consulting services to employers, job seekers
and variety of industries like finance, pharma, manufacturing and insurance.
3i Infotechs testing and compliance services include test advisory services such as test strategy
advisory, test process advisory, and compliance audit and advisory services; test CoE services like
time- and cost-effective pay-per-use automation, manual to automation, and performance testing
services; and end-to-end testing services, such as compliance testing, full life cycle testing,
maintenance and support, product testing, and resilience testing.
The company offers various software products, which include asset and wealth management products;
capital markets; enterprise resource planning products; IT infrastructure management software;
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3i Infotech Ltd.
Business Description
payment processing software products; banking- corporate and retail; document management;
insurance management; and private equity.
3i Infotechs asset and wealth management products include C-Matis, a portfolio management
system; MFund (mutual funds); WHTPro, a US withholding tax administration solution; rhymeSIGHT,
an investment and wealth management software; altimis, a stockbroking and clearing software;
telesto, a private banking and wealth management software; quantis, an asset management solution;
flagship, a stockbroking system; and fiscal, an integrated stockbroking and accounting system.
The company offers various software products to capital markets, including TRADIS, an integrated
broker office solutions suite; arrow, a crest solution; and AWACS, an advanced warning and control
system. 3i Infotechs enterprise resource planning software and solutions include Orion enterprise,
Orion lite and Orion 11j.
3i Infotechs IT infrastructure management software includes i-enable rmf, a remote monitoring
framework; and i-enable sd, a service desk. The companys payment processing software products
include eCapture, a remote deposit capture software; OnBase, an enterprise content management
solution; TMS 2010, a retail and wholesale transaction processing software; eClearing, an electronic
clearing software suite; and eFLOW, an intelligent document recognition software.
The companys corporate and retail banking software products include Kastle asset liability
management, Kastle risk management, Kastle factoring and Kastle treasury. 3i Infotechs document
management software products include DataScan.Online, DataFlo and document archive.
3i Infotech offers various insurance management software solutions, including PREMIA general
insurance; PREMIA collaborator; PREMIA broker; PREMIA health; PREMIA life insurance; PREMIA
takaful; and BI in a box-PREMIA.The companys Framework is a complete, end-to-end private equity
software solution.
The companys subsidiaries include 3i Infotech Inc., 3i Infotech Holdings, 3i Infotech (Africa), 3i
Infotech Sdn Bhd, 3i Infotech (Thailand), 3i Infotech BPO, and 3i Infotech Saudi Arabia.
3i Infotech Ltd.
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3i Infotech Ltd.
History
HISTORY
3i Infotech was formed in 1993, when ICICI Infotech was established as the back office support and
IT services arm of the ICICI Limited. By 1999, all IT related services for ICICI Bank and certain of
its subsidiaries were consolidated under ICICI Infotech.
In 2004, the company acquired clients such as Emirates Bank, Standard Chartered Bank and Oriental
Insurance. In the same year, the company was renamed to 3i Infotech. The company completed its
initial public offering in 2005.
3i Infotech launched an e-Business platform PREMIA Collaborator, in 2006. In the same year, the
company also partnered with Advanced Software Designs to provide process manufacturing software
solutions. Also in 2006, 3i Infotech acquired Bangalore based Datacons, a software development
and consulting company. In the same year, the company launched a development center in India.
Later, in 2006, the company launched PREMIA Insurance Broking eXchange (IBX), a web and
subscription based insurance broking software. In the same year, 3i Infotech and Hooper Handling
entered into a partnership to deliver comprehensive warehouse management solution.
Further, in 2006, 3i Infotech acquired Rhyme Systems, a UK based asset management software
company. In the same year, the company launched Saudi Arabian operations. In the same year, 3i
Infotech acquired 51% stake in Professional Access for $12 million in 2006.
The company launched business process outsourcing (BPO) operations for Mutual Funds in 2007.
In the same year, the company launched a new Global Development Center (GDC) in Chennai.
Later, in 2007, 3i Infotech acquired 50.5% stake in aok In-house BPO Services and aok in-house
Factoring Services.
Also, in 2007, 3i Infotech acquired J&B Software, a provider of software products and services related
to remittance and transaction processing in the US and Canada.
In 2008, the company signed a memorandum of understanding with Chinas Yucheng Technologies,
to set up a 51:49 joint venture in China. In the same year, Union Bank of India partnered with 3i
Infotech to implement anti money laundering initiative. In the same year, the company entered into
an agreement to acquire Regulus Group, a provider of remittance processing solutions.
Also in 2008, 3i Infotech acquired a strategic stake in Hyderabad based Locuz Enterprise Solutions,
a specialist in IT Infrastructure solutions and services. Further, in 2008, the company acquired a
51% stake in M/s. Fineng Solutions, a company engaged in the business of creating and selling
software products and developing software solutions. Furthermore, in 2008, the company opened
office in Dhaka, Bangladesh.
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3i Infotech Ltd.
History
In 2009, the company entered into a strategic partnership with ICICI Lombard, Airtel and Max New
York Life to offer a range of services to rural consumers under the I-SERV brand. In the same year,
the company opened offices in Bahrain and Riyadh. Later, in 2009, 3i Infotech Consumer Services
and Karvy Data Management Services partnered to promote eMudhra Digital Signature Certificates.
In the same year, the company entered into an agreement to acquire J.P. Morgan Treasury Services
national retail lockbox business (NRLB).
Also, in 2009, 3i Infotech entered into the media and broadcasting industry as a System Integrator.
In the same year, the company set up a Business Process Outsourcing (BPO) subsidiary.
The company entered into a unique joint venture (JV) with three Nigerias entities to launch a new
Shared Services Center, in 2010. In the same year, the company completed automation of Bahrain
Commercial Facilities Company's (BCFC) business processes.
In 2011, 3i Infotech received a major contract in the health care sector from Manipal Health Enterprises
Private Limited (MHEPL), to provide end-to-end IT infrastructure solutions. In the same year, the
company received the approval for the merger of KNM Services, Stex Software and E-Enable
Technologies, three wholly owned subsidiaries of the company with 3i Infotech.
Also, in 2011, the High Court of the Judicature at Bombay approved the merger of Manipal Informatics
and Delta Services (India), step down subsidiaries of the company with 3i Infotech Consultancy
Services Limited, a wholly owned subsidiary of the company. In the same year, 3i Infotech signed
an agreement for sale of the US-based billing and payments unit to Cerberus Capital Management.
Furthermore, in 2011, 3i Infotech entered into a partnership with SecurView, to offer security as a
service (SECaaS).
Later, in 2011, the company entered into partnership with Cloupia, a cloud automation and
management software provider to offer and deliver cloud and data center automation services
world-wide. In the same year, the company's wholly owned subsidiary, Fineng Solutions Private
Limited merged into the company.
In 2012, 3i Infotech's wholly owned subsidiary, J&B Software India merged into the company. In the
same year, the company and its Philippine partner QNX Solutions entered into a contract with
Philippine Postal Savings Bank to license and implement KASTLE Core Banking solution. Also in
the same year, 3i Infotech developed and deployed a new critical online trading platform for the
Dubai Multi Commodities Centre (DMCC), a government of Dubai authority.
In 2013, the company signed an agreement with Hitachi Data Systems, to leverage Hitachi Unified
Compute Platform Pro for 3i Infotechs managed testing services platform ClouT. In the same year,
3i Infotech was awarded a contract to license and implement its enterprise resource planning software,
ORION Enterprise Solutions Suite, at Park N Shop, a Nigerian company. Also in the same year, the
company re-launched Orion ERP in India.
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3i Infotech Ltd.
History
Furthermore in the same year, 3i Infotech was awarded the contract to implement its flagship account
management solution-ORION 10.6 Project Implementation for Jagal Group, Lagos, Nigeria for the
second time. Also in 2013, the company initiated a platform, Connect, to bond with its clients and
employees to build a foundation in aligning the communication need of the company.
The company entered into a partnership with CRMnext, a specialist CRM product company, to
implement CRM solutions in the banking and insurance market, in 2013.
In 2014, 3i Infotech launched a new version of PREMIA 11j, an insurance solution for individual and
group life business, and also launched MFund Plus, a web based multi-currency fund management
system, catering across various sectors which include asset management entities, portfolio
management entities, banks, life insurance companies and general insurance companies. In the
same year, Professional Access Software Development Pvt. Ltd, a step down subsidiary of 3i Infotech,
completed a transaction for the sale of its entire business undertaking to Zensar Technologies Ltd.
In the same month, 3i Infotech Holdings Pvt. Ltd., a Mauritius-based subsidiary of the company,
completed the transaction for the sale of its stake in Professional Access Ltd. to Zensar Technologies
Inc.
The company launched ORION 11j, an enterprise resource planning solution software in 2014.
Further in 2014, 3i Infotech (Western Europe) Group, the company's step down subsidiary entered
into an agreement to sell 3i Infotech (Western Europe) Limited and 3i Infotech (Flagship-UK) Limited
to Objectway Financial Software, a provider of wealth management and digital software solutions
in Europe, the Middle-East and Africa.
3i Infotech appointed Sarojini Dikhale as a Director in July 2015.
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3i Infotech Ltd.
Key Employees
KEY EMPLOYEES
Name
Job Title
Madhivanan Balakrishnan
Ashok Shah
Director
Shantanu Prasad
Director
Shashank Desai
Director
Sarojini Dikhale
Director
Ramanan RV
Senior Management
Padmanabhan Iyer
Senior Management
Ashish Kakkar
Senior Management
Rakesh Doshi
Senior Management
Krish Narayanaswami
Senior Management
Mathew Verghese
Jeelani Basha
Abhay Sinha
Bhaskar Pandey
Ashish Dass
Ninad Kelkar
3i Infotech Ltd.
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Board
Compensation
23480000 INR
Senior Management
Senior Management
Senior Management
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3i Infotech Ltd.
Key Employee Biographies
Ashok Shah
Board: Non Executive Board
Job Title: Director
Since: 2011
Mr. Shah has been a Director at 3i Infotech since 2011. Prior to this, he served at Life Insurance
Corporation of India (LIC) as a Direct Recruit Officer in 1977. He held various positions in Operations
at LIC. Mr. Shah retired as Zonal Manager (Executive Director cadre) at Delhi and was in charge of
LICs premier Zone, Northern Zone, for five years. In 2010, Mr. Shah joined LIMRA (Life Insurance
Marketing and Research Association), a US based entity as Director of India. He holds a Bachelor's
degree in Science with post graduate degree in Economics.
Shantanu Prasad
Board: Non Executive Board
Job Title: Director
Since: 2014
Mr. Prasad has been a Director at 3i Infotech since 2014. He has over 21 years of experience in
various departments, which include 14 years in Treasury. Mr. Prasad graduated in commerce in
1992 and joined IDBI Bank in 1993.
Shashank Desai
Board: Non Executive Board
Job Title: Director
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3i Infotech Ltd.
Key Employee Biographies
Since: 2014
Dr. Desai has been a Director at at 3i Infotech since September 2015. He is a practicing Chartered
Accountant in Mumbai, and has more than 30 years of experience. Dr. Desai is a founding Partner
of M/s. Desai Saksena & Associates, Chartered Accountants. In 1981, he set up his practice in
Mumbai. Dr. Desai contributed several articles to magazines and newspapers and is a Panel Speaker
on several forums. He is a visiting Faculty in the Certificate Course of Valuation conducted by the
Institute of Chartered Accountants of India (lCAI). Dr. Desai is the founder Director at Orion Capital
Services Ltd., which is engaged in fee based financial services. He obtained his graduation in
Commerce in 1976 and Bachelor in Law in 1979 from Mumbai University. In 1980, Dr. Desai qualified
as a Chartered Accountant from the Institute of Chartered Accountants of India and became a Fellow
of the Institute in 1986. He also completed his Doctorate from the University of Mumbai in 2003.
Sarojini Dikhale
Board: Non Executive Board
Job Title: Director
Since: 2015
Mrs. Dikhale has been a Director at 3i Infotech since July 2015. She joined Life Insurance Corporation
of India (LIC) in 1983 as a Direct Recruit Officer (AAO). Mrs. Dikhale has over 32 years experience.
She was deputed as a Faculty Member at the National Insurance Academy Pune, to train senior
officials from the life insurance industry. Mrs. Dikhale co-authored the book Tryst with Trust. She
was deputed to LIC Nomura Mutual Fund Asset Management Company Limited (LIC NMF AMC)
and served as an Executive Director (HRD). Mrs. Dikhale is a Director and Chief Executive Officer
at LIC Nomura Mutual Fund Asset Management Company Limited. She holds a Bachelors degree
in Arts and a Masters degree in Economics from Mumbai University. Mrs. Dikhale also holds a
Post-Graduate Diploma in Advanced Marketing from the International Institute of Advanced Marketing
(IIAM) and was certified as a Fellow of Advanced Marketing. She is also a Law graduate and an
Associate of the Insurance Institute of India.
Ramanan RV
Board: Senior Management
Job Title: President and Chief Operating Officer
Since: 2014
Mr. Ramanan has been the President and Chief Operating Officer at 3i Infotech since 2014. He has
over 25 years of experience in the information technology industry across various companies such
as Hexaware Technologies, TCS and Citibank. Prior joining 3i Infotech, Mr. Ramanan served as the
Executive Director and Chief Operating Officer at Hexaware Technologies. Mr. Ramanan is a graduate
from Indian Institute of Technology, Delhi, India.
Padmanabhan Iyer
3i Infotech Ltd.
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3i Infotech Ltd.
Key Employee Biographies
Ashish Kakkar
Board: Senior Management
Job Title: Global Head, Human Resources
Mr. Kakkar serves as the Global Head of Human Resources (HR) at 3i Infotech. He joined the
company in 2012. Mr. Kakkar has a corporate experience of over 15 years having worked across
various industries, including pharmaceutical, FMCG and financial services. Prior to his current
assignment, Mr. Kakkar was heading the Human Resources function at ICICI Prudential Asset
Management Company. Prior to this, he worked with Pepsi and Torrent where he has had exposure
to the entire gamut of HR from Industrial Relations to Organization Capability and Development. Mr.
Kakkar was with the Indian Navy at the Naval Academy from where he graduated in 1994. He
thereafter completed his Post Graduation in HR and Masters degree in Labor Law from Symbiosis
before embarking on his corporate career.
Rakesh Doshi
Board: Senior Management
Job Title: Global Head, Product Delivery
Mr. Doshi serves as the Global Head of Product Delivery at 3i Infotech. He has over 25 years of
experience and has been with the company for more than a decade leading product management,
development and delivery. Prior to 3i Infotech, Mr. Doshi was the Chief Operational Officer at
Xmediaries Tech. He has also been associated with Insyst Technologies, which eventually merged
operations with 3i Infotech. Mr. Doshi holds a Bachelor's degree in Engineering and a Master of
Business Administration degree from SP Jain Institute of Management.
Krish Narayanaswami
Board: Senior Management
3i Infotech Ltd.
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3i Infotech Ltd.
Key Employee Biographies
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3i Infotech Ltd.
Major Products and Services
3i Infotech Ltd.
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3i Infotech Ltd.
Major Products and Services
3i Infotech Ltd.
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3i Infotech Ltd.
Major Products and Services
3i Infotech Ltd.
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3i Infotech Ltd.
Top Competitors
TOP COMPETITORS
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3i Infotech Ltd.
Locations and Subsidiaries
3i Infotech Ltd.
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3i Infotech Ltd.
Locations and Subsidiaries
3i Infotech Inc
450 Raritan Center Parkway
Suite B
Edison
New Jersey 08837
USA
3i Infotech Pte.Ltd.
6 Temasek Boulevard
42-02 Suntec Tower Four
Singapore City 038986
SGP
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