3i Infotech Wins Managed Services Deal of Rs. 42.60 Cr Value from a Leading Indian Pvt Bank

The two-year contract is pegged at Rs. 42.60 crore

3i Infotech Limited (BSE: 532628, NSE: 3IINFOLTD), a global Information Technology company, committed to accelerating business transformation, has been awarded a two year contract by one of the leading Indian Private Sector Banks, as Managed Services Partner for Data center domain. The total contract value is approximately Rs. 42.60 crore. This comes at the back of 3i Infotech bagging several large multi-year contracts across various industries and verticals.

The contract is for a period of two years starting from July 1, 2023, to June 30, 2025, with the option to extend the contract with mutual agreement. With more than 1500 skilled resources for Infrastructure support to its IMS customers, 3i Infotech has tremendous experience in the enterprise banking sector and core banking. Furthermore, the company has the capability to specifically hire, skill and groom the new talent to cater to such large-scale enterprise banking managed services requirements and other contemporary complexities of the new-age digital banking systems. The company also hires laterally to align with resource needs.

Speaking on this win, Mr Thompson P. Gnanam, MD & Global CEO, 3i Infotech said, “Our Digital Infrastructure Managed Services (DIMS) is a thriving unit, with a huge uptake and demand for it from the industry. Whether it’s the country’s largest refiner or some of the biggest BFSI companies, we serve them all through our differentiated offering. We have a very mature, robust, best-of-breed DIMS offering built over two decades. Our DIMS has capabilities to develop and implement transformational roadmaps for complex enterprises at scale, especially for companies operating in the BFSI domain. It enables enterprises to build, operate and manage NextGen infrastructure for digital transformation, ensuring that it is robust, flexible, secure, and scalable.”

3i Infotech’s Digital Infrastructure Managed Services comprising IT Infrastructure and Cloud, help clients in optimizing their IT spending. With over 200 clients, more than 3000 infrastructure professionals, and an integrated HybridNXT Support framework for On-Prem & Hybrid Eco-System, the company is a one-stop-shop for any enterprise’s Digital Transformation needs.

About 3i Infotech

3i Infotech Limited incorporated in 1993 and headquartered in Mumbai, India, provides information technology services and software solutions. Since its inception the company has 25+ years of experience in delivering business value to its clients across multiple industry verticals. 3i Infotech has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, Healthcare, Manufacturing, Retail, and Government sectors. The company currently stands with a strength of 8000 employees and over 500+ clients across the globe.

It operates through three key segments, (1) Enterprise Services (includes ADMS, ISMS, Testing, Classic BPS, MVS etc.), (2) Professional Services (includes Human Capital Mgt. Services) and (3) Digital Business Services (includes IT & Digital Consulting, Application-Automation-Analytics (AAA), Digital Infrastructure Management Services (Digital IMS), CloudFirst, Oracle COE, Global Command Centre (GCC), Cyber SOC, Digital BPS, Cognitive Computing Services, 5G Lab as Service, Private 5G, IoT, Cyber Security Services, Secure Access Service Edge (SASE), AgriTech, Telecom Media Entertainment (TME), Edge Computing, Edge Analytics, NuRe Campus, FutureTech, etc.)

Website: https://www.3i-infotech.com

3i Infotech's FutureTech and SRM Valliammai Engg. College, Chennai To Build 1st of Its Kind AI Lab

3i Infotech’s Business Unit - FutureTech Signs MoU with SRM Valliammai Engineering College, Chennai

To Build a First-of-its-Kind ‘AI Lab’, Making Learners Industry Ready

FutureTech, housed inside IIT Madras Research Park, Chennai, solidifies its commitment to expanding Campus to Corporate Goals through this MoU

FutureTech, a business unit of 3i Infotech Limited, as the accelerator and transformation partner for the company has signed a Memorandum of Understanding (MoU) with the Department of Computer Science at SRM Valliammai Engineering College, Chennai. This partnership aims to establish a path-breaking AI Lab within the institute’s campus. The collaboration will foster a mutually beneficial relationship for both the partners through promoting knowledge exchange, research opportunities, and academic growth. This Campus to Corporate initiative expands the idea of FutureTech to bridge the learning gap between academia-industry. In early 2022, 3i Infotech opened its office in IIT Madras Research Park, Chennai to establish FutureTech business labs to work on next-gen technologies.

The MoU was signed at the IIT Madras Research Park in the presence of Dr B. Chidhambararajan, Director SRMVEC, Dr M. Murugan Principal SRMVEC, Dr B. Vanathi, Professor and Department Head of Computer Science and Engineering (CSE), Dr B. Muthusenthil, Professor and Department Head of AI & Data Science (DS), and faculties from the Departments of CSE and AI & DS.

The scope of this partnership will be expanded to include other departments within the college, such as Information and Technology, Artificial Intelligence and Data Science. Each batch is expected to include 50 students with a faculty strength of 27 professors. The course structure will range from Level 1 - Level 4 encompassing - Introduction to AI and Data Science, AI Foundations, Introduction to AI Techniques, and AI in Production. This will further be extended to specializations in AI in healthcare, manufacturing, agriculture, energy, communication, transportation, environment, and education.

Additionally, the initiative of making the students industry ready will be highly leveraged through the well-rounded internship programme that will further be split into two stages: (1) Train the trainers: Training for the professors who want to constantly upskill on AI/ML/DL and other relevant technologies. (2) Train the students: Training, practical learning, and internship opportunities for the students on technologies and tools.

Speaking on the alliance, Mr Thompson P. Gnanam, MD & Global CEO, 3i Infotech said, “We believe this academia-industry partnership will be a gamechanger to bridge the skill-gap in the industry and will pave the way for many more such initiatives. With the world rapidly progressing towards adopting AI, it’s important that an intervention of this nature between academia and industry is made paramount. While we are excited to announce this future-ready learning program, tailored for passionate and qualified students who are eager to explore the realms of AI/ML/DL research, we also strongly believe that it is important for Professors of Practice to be brought into this curriculum design to ensure ‘Campus to Corporate’ is a smooth transition.”

Speaking at the signing event, Mr Damodharan Padmanaban, Global Head Cognitive Computing, 3i Infotech said, “The very core structure of technology will remain the same irrespective of the extent of its development over the years. The gamechanger aspect of tech will only be an enhanced problem-solving mechanism in the complex business solutions, where we can make the AI work for us instead of being overtaken by it. In the contemporary world, a facet of utmost importance is the real-world application of learning. However, being trained through a certain course is distant from actually performing a task in the ever-evolving complex business scenarios. It is here that this AI Lab will play a pivotal role in making the learning realistic and future ready”.

Speaking on the initiative, Dr S. Ramachandran, Director Academic, SRM Group said, “SRM has a rich legacy of academic excellence with a strong bent towards research and innovation. Our professors are highly regarded within the country’s educational ecosystem, who are always eager to upskill and stay abreast around emerging trends and technologies. In this endeavor, we are delighted to partner with FutureTech in setting up a next-gen innovation lab that will completely upskill and give our students a competitive advantage in the market. This initiative will inspire curiosity among our students and hopefully generate new knowledge and discoveries. To achieve this, the learners will be offered comprehensive resources and ample technical guidance for them to learn and innovate. They will have access to essential resources such as servers, deployment support, and a suite of powerful AI developer tools”.

Other propositions offered by the programme are the holistic support system, social entrepreneurship, and decentralized learning ecosystem for the students where they will be trained in terms of their ability to solve real-world business problems through use cases. The training model will facilitate an ecosystem where the students and professors will have the flexibility and control over their educational journeys. Individuals can choose their preferred learning resources, pathways, and pace, fostering a personalized and self-directed learning experience. It will also enable learners to connect and interact directly with one another, fostering knowledge sharing, collective problem-solving, and the development of social networks based on shared interests or expertise.

About 3i Infotech

3i Infotech Limited incorporated in 1993 and headquartered in Mumbai, India, provides information technology services and software solutions. Since its inception the company has 25+ years of experience in delivering business value to its clients across multiple industry verticals. 3i Infotech has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, Healthcare, Manufacturing, Retail, and Government sectors. The company currently stands with a strength of 8000 employees and over 500+ clients across the globe.

It operates through three key segments, (1) Enterprise Services (includes ADMS, ISMS, Testing, Classic BPS, MVS etc.), (2) Professional Services (includes Human Capital Mgt. Services) and (3) Digital Business Services (includes IT & Digital Consulting, Application-Automation-Analytics (AAA), Digital Infrastructure Management Services (Digital IMS), CloudFirst, Oracle COE, Global Command Centre (GCC), Cyber SOC, Digital BPS, Cognitive Computing Services, 5G Lab as Service, Private 5G, IoT, Cyber Security Services, Secure Access Service Edge (SASE), AgriTech, Telecom Media Entertainment (TME), Edge Computing, Edge Analytics, NuRe Campus, FutureTech, etc.)

Website: https://www.3i-infotech.com/

3i Infotech Unveils NuRe Bharat Network for Free WiFi Monetizing Project Awarded by RailTel

• NuRe Bharat Network will be launching an advertising platform targeting passengers of the Indian Railways
• NuRe Bharat Network is a 3i Infotech-led consortium with FISST and Yellow Inc. that has signed India’s first multi-year commercial agreement to monetize captive customers of free public WiFi network powered by RailTel, in 6,108 + railway stations
• Free captive WiFi network is one of its kind which connects every region of urban India and semi-urban & rural Bharat
• Every day over 1.8 million users connect to the free WiFi captive portal

3i Infotech Limited (BSE: 532628, NSE: 3IINFOTECH), a global Information Technology company unveiled the consortium entity NuRe Bharat Network, in a partnership with RailTel Corporation of India’s WiFi monetization project as the lead consortium partner. The other members of the consortium are Forensics Intelligence Surveillance and Security Technologies Private Limited (FISST) and Yellow Integrated Content & Communication LLP (Yellow Inc).

 

NuRe Bharat Network aims to connect all urban, semi-urban, and rural regions, further connecting India and Bharat to the digital medium by offering free captive WiFi solutions across the Indian Railway network. NuRe Bharat Network will completely change the dynamics of reaching through to the world’s second-largest digital consumer in a simplified manner.

The launch comes at the back of a recent announcement made by the company for bagging a 5-year WiFi monetization deal from RailTel, with Rs 1000 crore revenue potential. At the virtual launch, 3i Infotech also revealed the interface and functioning of the captive portal and mobile app that will help the advertisers leverage their services to connect with the 1.8 million users per day across 6,108+ railway networks in the country by providing free WiFi service to the users.

Speaking on the momentous occasion, Mr Sax Krishna, Head of NuRe Bharat Network said, “We are excited to be a part of such an impactful partnership with RailTel as it gives us a platform to service India & Bharat through the means of providing socially applicable and commercially viable products and services. The captive portal and application will open the space for advertisers to connect with the growing India, primarily rural Bharat demographics, thereby utilizing a huge untapped opportunity.”

“The partnership model will also be a major proof point for us to exhibit and demonstrate our capabilities across the Edge ecosystem including Edge Space, Computing and Analytics through the combination and convergence of edge with the WiFi network, we will be able to deploy our fundamental design with the engines of growth in a much better way that we have put together in the form of a company,” he further added.

At the launch of NuRe Bharat Network, Mr Manoj Tandon, Director of Project, Operations and Maintenance, RailTel Corporation of India Limited (RCIL) shared his happiness and wished all success to the new Joint Venture formed for the WiFi monetisation project.

Ramu Bodathula, Head of Technology, NuRe Bharat Network presented the technology stack walk-through of the application and expressed, “We want to go beyond the captive portal and hence, we will soon be launching the mobile app, which will provide beyond `Free Internet’. It will also allow the advertisers to provide travel, infotainment, education, and e-commerce-based services.”

The WiFi captive portal will allow a user to access free WiFi for the first thirty minutes at railway stations across India, after which, the user may or may not extend the free service by watching advertisements. Then, the portal will switch to the paid medium. To access free WiFi, users need to connect to the WiFi network and provide login credentials. This platform will be available in multiple Indian languages apart from English.

The platform will unlock opportunities for advertisers to reach out to the digital consumer via smart advertising solutions and data insights. Thus, the NuRe Bharat Network will be a pivotal contributor in the digital and e-commerce sector, poised to cross US$350 billion by 2030 and become a key advertising platform for larger national brands, upcoming MSMEs and local businesses.

About 3i Infotech

Headquartered in Mumbai, India, since its inception in 1993, 3i Infotech has been committed to driving business value across multiple industry verticals. 3i Infotech has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, Healthcare, Manufacturing, Education, Telecom, Media & Entertainment, Retail and Government sectors. The company has over 5600 employees in 30 offices, 15 countries, and 4 continents. With a digital and cloud-first approach, and a range of IT services and solutions encompassing 5G in Edge Computing, Cognitive AI/ML, Data Science and Analytics and Blockchain, 3i Infotech have successfully transformed business operations of 1,200+ customers across 50 countries. The company has a very strong foothold and client base in geographies like North America, India, Asia Pacific, the Middle East, and the Kingdom of Saudi Arabia.

Website: https://www.3i-infotech.com/,

3i Infotech Clocks Revenue of Rs 182.3 Cr with 10% YoY Growth in Q3 FY23

Thompson P Gnanam

• To invest in new service lines that offer 5G technologies offering with edge-ready computing
• Onboards 39 new logos in 9M FY23
• Will keenly focus on emerging verticals like EdTech, Agritech and Greentech
• The new order book for the quarter stood at Rs 39.5 crore. 

3i Infotech Limited (BSE: 532628, NSE: 3IINFOLTD), a leading digital transformation and technology solutions provider company, announced its consolidated financial results for the Third Quarter and Nine Months of FY23 ended December 31st, 2022. The company reported a consolidated revenue of Rs 182.3 crore with 10% YoY and 2.9% quarter-on-quarter growth, with a gross margin of 12.7 %. Having onboarded 39 new logos in 9M FY23, the company also announced its potential to develop an order book of Rs.100 crore based on their new product platform. Moving forward, 3i Infotech’s revenue mix will shift from classic enterprises to the next generation business. For the first nine months of the current fiscal year, revenues grew by 7.43 % to Rs. 538.7 crore with a gross margin of 11.4%.

3i Infotech aims to achieve US$ 1 Bn by 2030 by acting upon its Run, Grow & Build Model. The company has had a razor-sharp focus on cost optimization and has also been able to increase their topline while reducing the EBITDA losses simultaneously in the current financial year. On the business front, 3i Infotech has made rapid strides with key deals from both private and public enterprises that includes being rewarded the Rs 250 crore WiFi monetization project by RailTel Corporation of India Limited over the next 5 years and mega contract from Eureka Forbes for three years of DIMS services among others.

Key Financial Highlights

Quarter ended December 31st, 2022

• Operating Revenue was Rs 182.3 crore with 10% YoY and 2.9% QoQ growth
• EBITDA was Rs (3.1) crore with 14.8% QoQ growth
• Net Profit was grown to Rs 13 crore which is grown by YoY 35.7%. It was (22.6) Cr in same quarter last year

Nine Months ended December 31st, 2022

• Total Revenue was Rs 538.7 crore
• Net Profit was Rs 28.6 crore
• Net cash stood at Rs 80.8 crore

Other Business Highlights

• Q3 FY23 Revenues for Global Business Region was Rs.109.8 crore and has grown QoQ by 1.6% (including US, MEA, KSA, UK)
• In Q3FY23, Application-Automation-Analytics (AAA) was one of the highest revenues contributors with Rs 131.4 crore followed by Infrastructure Management Services revenues of Rs 23.7 crore
• In Q3 FY23 Revenues for India Region was Rs.67.3 crore and has grown YoY 35.2% and QoQ by 5.2%
• From a vertical standpoint, Banking & Financial Services (BFSI) is a major contributor in total revenue with a 35 % revenue share while Information Technology has a 33 % revenue share in Q3FY23
• Top 20 clients in Q3FY23 contributed Rs 71.1 crore which is 39 % of our total revenues
• 10 new customers win added in Q3FY23 primarily from BFSI sector
• Despite the headwind in US region, we are growing quarter on quarter. We have invested in new sales channel alliance/partnership in US and Middle East region for Digital and NxtGen business segment; the reward of these initiatives will start reflecting on revenues from Q4FY23. 

In tandem with its core service of providing seamless digital transformations with the NuRe led SMB strategy, 3i Infotech also reiterated on its promise to help enterprises be industry 4.0 ready. Along with BFSI, manufacturing (SMB and midmarket), retail, telecom, media, and entertainment sectors, 3i Infotech will also keenly focus on emerging industry verticals like EdTech, Agritech and Greentech.

3i Infotech will actively scale its operations across the global business region, which comprises of US, UK, Middle East, and Africa. With substantial initiative and directives in tech comprising of the launch of first ever Zero-Trust Sovereign Cloud in Malaysia and the unveiling of its first Centre of Excellence in Tirunelveli to bridge the industry gap with highly skilled engineers from the Tier II & III cities of India, 3i Infotech aims at a year with execution of new services and products, enhanced margins, and accelerated growth as a challenger.

Commenting on the Q3FY23 results, Mr. Thompson P. Gnanam, Managing Director and Global CEO, of 3i Infotech Limited, said: “The results for this quarter were in-line with our expectations. Despite macroeconomic uncertainty and furloughs in the quarter, we grew our revenue by 10% on a year-on-year basis. Our EBITDA margin is inching towards breakeven led by our focused cost rationalization strategy. We continue to remain focused on expanding our Edge computing capabilities, with the recent deal win of the RailTel WiFi Monetization Project being a key trigger to accelerate the momentum. While we see some macro issues and general weakness in the overall market, the demand environment continues to remain stable for us. The Company is slowly but surely transitioning to a services led portfolio offering with a focus on high growth and stable margins in the quarters to come.”

In the Q3FY23, the company has done restructuring at a global organization, eliminating non-profitable engagement, and cost rationalization in direct cost. Moving ahead, 3i Infotech will be investing in new service lines that offer 5G technologies offering with edge-ready computing for all emerging needs of the business.

About 3i Infotech Limited

Headquartered in Mumbai, India, since inception in 1993, 3i Infotech has been committed to driving business value across multiple industry verticals. 3i Infotech, today, has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, Healthcare, Manufacturing, Education, Telecom, Media & Entertainment, Retail and Government sectors. The company has over 5600 employees in 30 offices, 15 countries and across 4 continents. With a digital and cloud-first approach, and a range of IT services and solutions encompassing 5G in Edge Computing, Cognitive AI/ML, Data Science and Analytics and Blockchain, 3i Infotech has successfully transformed business operations of 1,200+ customers across 50 countries. The company has a very strong foothold and client base in geographies like North America, India, Asia Pacific, Middle East, and Kingdom of Saudi Arabia.

Website: https://www.3i-infotech.com/

3i Infotech to Incubate Campus Labs, Building Cloud-based Campus Automation & Management System ‘NuRe Campus’

To offer cloud-based campus automation & management solutions for educational institutions in India and overseas

3i Infotech Limited (BSE: 532628, NSE: 3IINFOLTD), a global Information Technology company, committed to accelerating business transformation, to incubate Campus Labs, a leading India-based global education ERP player with the objective of digitizing the education sector, where there is a huge lacuna felt presently. This initiative comes under 3i Infotech’s unique ‘entrepreneur-in-residence’ program, where the entrepreneur like Ashish Srivastava – founder Campus Labs get to leverage the benefits from 3i Infotech’s global reach, resources, investments, synergy of cloud and SaaS solutions to scale the product for global outreach and delivery. It serves as an ideal proposition to bootstrap startups and young entrepreneurs.

The program allows technology entrepreneurs to join hands with 3i Infotech to invent new value creating intellectual property in the fields of 5G, Edge Services, cognitive computing services and education technology. It is part of 3i Infotech’s plan to incubate and accelerate startups, to fuel new services lines and build new IPs.

Through the incubation of Campus Labs under the resident entrepreneur program, the company would aim to strengthen its foothold in the education space, both in India and internationally. The new entity ‘NuRe Campus’, will offer cloud-based enterprise automation solutions for higher educational institutions and universities, helping them seamlessly manage their entire administrative and management processes through its unique data-driven approach. It would be a one-of-a-kind turnkey offering, that will manage the complete student lifecycle - from admission to learning and assessments of universities and colleges. NuRe Campus Automation encompasses a suite of solutions. Which includes - a 360-degree student management, eLearning and assessment, finance and operations, and HR and administration solutions. It offers over 50+ dedicated modules to build the best university management system in India, to be scaled in a phased manner globally as well. The solution would have data security and privacy built in it, which is of utmost priority to Campus Automation. With absolute real-time support from the dedicated enterprise automation experts, it will offer secure cloud, role-based access, password & OTP encryption, auto-alerts for data security, located in multiple locations ensuring disaster recovery.
Speaking on the potential of the education market and the role 3i Infotech will play, Mr. Thompson P. Gnanam, Managing Director, and Global CEO, 3i Infotech Limited, said, “with the success of our entrepreneur that we are helping incubate, we call upon other young innovators and startups in emerging technologies such as RPA who have great ideas and potential and need mentorship and incubation, to reach out to us. The education sector is undergoing a paradigm shift towards embracing digital, and we want to be at the forefront of it by being a change agent. Through our ‘Entrepreneur-in-Residence’ program we want to provide entrepreneurs like Ashish a conducive ecosystem where they can innovate, invent, and scale their offering globally through 3i Infotech’s best-in-breed cloud offerings and global network. Unlike some of the other sectors, the education sector has been seen as a laggard in adopting technology. However, the opportunity is immense with the global education ERP market size as per industry estimates is expected to grow from USD 12.7 billion in 2021 to USD 25.2 billion by 2026, and our offerings are aligned to meet the challenges of both domestic and international markets.”

NuRe Campus is currently serving over 1 million registered students in more than 25 academic institutions of repute, which include - Indian Institute of Science Education and Research, National Institute of Science Education and Research, Panjab University and ITM institutions, among others. Irrespective of whether the institution is large or small, Campus Automation provides a solution that fits all, as it can be customized unlike the others in the industry. It can also serve the government & public sector.

Speaking on the value that the ‘entrepreneur-in-residence’ program will help it unlock, Mr. Ashish Srivastava, Founder of Campus Labs, said, “Building a world-class offering at Campus Labs over the last decade has been an exhilarating journey for all of us. The challenges and difficulties faced by the education sector are unique across markets and geographies and needs an organization that understands it and is capable to offer a customized solution. Together with common synergies we share with 3i Infotech, which is deeply embedded in technology and holds digitalization and transformation of organizations at its core, I believe we are going to create an industry leading platform that is truly going to revolutionize the education sector.”

About 3i Infotech Limited

Headquartered in Mumbai, India, since inception in 1993, 3i Infotech has been committed to driving business value across multiple industry verticals. 3i Infotech, today, has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, Healthcare, Manufacturing, Retail and Government sectors. The Company has over 5000 employees in 30 offices across 15 countries and over 1000+ clients in more than 50 countries across 4 continents. With a wide range of IT services, 3i Infotech has successfully transformed the business operations of customers globally. The Company has a very strong foothold and client base in geographies like North America, India, Asia Pacific, Middle East and Africa, Kingdom of Saudi Arabia, and South Asia.

Website: https://www.3i-infotech.com/

3i Infotech and IIT Madras To Establish FutureTech Business Labs

 Also announces investment in partner ecosystem for SASE, edge computing, IoT and EdTech technologies

3i Infotech Limited (BSE: 532628, NSE: 3IINFOLTD), a global Information Technology company, committed to accelerating business transformation, announced its consolidated financial results for its fourth quarter ending March 31, 2022 and for fiscal year 2021-2022 (FY22). The company also made a series of key updates, which include - in FY22, 3i Infotech has tied-up with IIT Madras to establish FutureTech (earlier NextGen) business labs taking Telecom, Manufacturing, Logistics and Healthcare as a priority sector. The company has initiated setting up of development centers in Tier II / III cities and the first center would be functional in Q1 FY23. 3i Infotech has also invested in partner ecosystem for SASE, edge computing, IoT and EdTech technologies, potential growth opportunities globally in FY23. 

In tune with the evolving tech landscape and rapid digital proliferation, the company also mentioned that it would help enterprises to be industry 4.0 ready through its service offerings. Apart from BFSI, manufacturing (SMB and midmarket), retail, telecom, media, and entertainment sectors, 3i Infotech will also keenly focus on emerging industry verticals like EdTech, agritech and greentech.  

3i Infotech will actively scale its operations across the global business region, which comprises of US, UK, Middle East, and Africa. In US, the company plans to expand its BFSI, telecom, media, and entertainment presence, and in parallel launch their SMB strategy which is NuRe led. In UK, the company wants to lead through telecom, media, entertainment, manufacturing and horizontally via background verification services etc., that are powered by blockchain. Africa is seeing a lot of traction for the company. Middle East will also see substantial expansion and acceleration. 

Announced during the last quarter, the company has made significant strides around its resident entrepreneur program, which is helping create new platforms, technologies, and IPs for various organisations. Presently, 3i Infotech has three full time resident entrepreneurs – the first one being in cognitive computing services and advanced AI that is into prescriptive and real time edge analytics; second is from the EdTech space and the third is around the cybersecurity operations/SOC space. 

Mr. Thompson Gnanam, Managing Director & Global CEO, 3i Infotech Limited said, “The last quarter has been a buoyant one for us, negating much of the past legacy issues. Now, we can manage our cost predictability much better, and we are clear on the cost structures. We will strive for maximum revenue realization of the new orders booked in FY22-23 and the new lines of businesses are expected to change the revenue / margin mix for us.  As a standalone services company, we will try to be profitable which is the first milestone for us, as we chalk out this way forward plan where we build our own platform and co-exist with services.” 

The company reported a consolidated revenue of Rs 175.6 Cr in Q4 FY2022 reflecting a quarter-on-quarter growth of 6.0%, and FY2022 revenue of Rs 677 Cr reflecting an annual growth of 11.2%. The company shared a strong outlook for FY 22-23 with confirmed order book of Rs 760 Cr as of exit March 2022 and Rs 100 Cr new order book target for FY 22-23 with higher margin revenue mix of minimum 40/50%.

“This year, our organization structures have been drawn to separate the RUN, GROW and BUILD businesses. We are investing in the GROW business that focuses on better margin mix and will include new service lines whether it is cloud-first, digital infrastructure management services, AAA, digital testing, digital BPaaS, KPaaS and we have set it up as separate P/L units. Over a period of time, GROW will replace RUN. We have set optimization targets in RUN to ensure that GROW is funded well to build future lines of business for us. BUILD projects are capitalized and kept separately, as we are creating IPs, products and platforms and making a balanced investment,” he further added.  

Key financial highlights

• EBITDA for the quarter stands at Rs 3.4 Cr, primarily due to margin improvement and cost rationalization. The company has reported positive EBITDA after more than 4 quarters of operating loss
• Consolidated PAT for the quarter is near to break-even (-Rs 3.9 Cr) which is a significant QoQ improvement with reduction in losses by Rs 18.7 Cr
• The company reported net cash of Rs 73.4 Cr in as on 31st March 2022
• FY22 America Business has grown by 11.5% to Rs 377.7 Cr from Rs 338.7 Cr in FY21. Similarly, India business grown by 16.5% to Rs 209.7 Cr from Rs 180 Cr in FY21
• From a vertical perspective, the Information Technology vertical is a major contributor in total revenue with 35.9% revenue share while Banking & Financial Services (BFS) has 28.5% revenue share in total FY22 revenues 
• 36.3% of our business comes from top 20 clients and we have been successful in 100% retention of our existing clients in FY22
• 75.6% revenues in FY22 was contributed by Application-Automation-Analytics (AAA) line of business followed by Infrastructure Management Services (IMS) with 13.8% revenue share 

Key business updates 

• 3i Infotech’s has started experiencing the positive business growth in their CloudFirst business with Gross Margins of 20+%. Their NuRe cloud solutions has huge global and domestics opportunities for both cloud services as well as cognitive & edge computing
• The company’s cloud business, with its end-to-end solutions, continues to provide compelling value to its customers at most competitive benchmarks
• Platform solutions now offers C-Level intelligence services including enterprise risk management and decision-making intelligence

Over the last two quarters, the company has forged a string of contracts and deals across verticals and geographies. Some of the recent deals include - 3i Infotech’s US subsidiary announcing a strategic investment in Exium, a pioneer in 5G powered Secure Access Services Edge (SASE) solutions; a Digital BPS transformational deal with a leading insurance company in India for Rs 12 cr; an order worth Rs. 10.58 cr across industry verticals with companies including Vishal Mega Mart Private Limited, Dhani Loans and Services Limited (formerly India bulls Consumer Finance Limited), Amara Raja Batteries Ltd, Aavas Financiers Limited, Erulearning Solutions Private Limited and Rockman Industries Limited.

Headquartered in Mumbai, India, since inception in 1993, 3i Infotech has been committed to driving business value across multiple industry verticals. 3i Infotech, today, has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, Healthcare, Manufacturing, Retail and Government sectors. The Company has over 5000 employees in 30 offices across 15 countries and over 1000+ clients in more than 50 countries across 4 continents. With a wide range of IT services, 3i Infotech has successfully transformed business operations of customers globally. The Company has a very strong foothold and client base in geographies like North America, India, Asia Pacific, Middle East and Africa, Kingdom of Saudi Arabia, and South Asia. 

Website: https://www.3i-infotech.com/ 

3i Infotech’s US Subsidiary Makes Strategic Investments in 5G Cybersecurity Firm Exium

 

3i Infotech’s US Subsidiary Makes Strategic Investments in Exium to Deliver 5G Capable SASE Solutions for Enterprises

The investment to accelerate adoption of 3i Infotech’s NuRe Edge, a SASE based platform  

3i Infotech Inc., USA, step-down subsidiary of 3i Infotech Limited (BSE: 532628, NSE: 3IINFOLTD), a global Information Technology company, committed to accelerating business transformation, has announced a strategic investment in Exium, a pioneer in 5G powered Secure Access Services Edge (SASE) solutions, to help accelerate innovation in cloud-delivered security and digital experience. 3i Infotech will offer this as a premium security offering to its customers globally and across verticals spanning banking, financial services and insurance (BFSI), retail and telecom. The first-of-its-kind for 3i Infotech in the SASE space, the strategic investment reinforces a shared vision for increasing adoption of borderless security at the edge. 3i Infotech initially established a multi-year partnership last year. 

NuRe Edge is a SASE platform with Secure Internet Access (SIA) and Secure Private Access (SPA) which converges network with security. It is a platform available today with 5G zero-trust model, hardware security, native XDR (Any Detection & Response), and 5G IoT edge computing platform. It eliminates the need for high upfront costs with subscription or pay-as-you-go (PAYG) pricing. It can be deployed across any vertical, be it telecom or BFSI. 3i Infotech as part of its one-stop solution provider proposition offers NuRe Edge as a managed services offering. NuRe Edge is offered on Oracle OCI, Azure and AWS. For enterprise customers, this can also be offered in a hybrid model as well. 

The investment into Exium is part of 3i Infotech’s larger ‘Resident Entrepreneurship’ program which allows for technology entrepreneurs to join hands with 3i Infotech and invent new value creating intellectual property in the fields of 5G, Edge Services, cognitive computing services and education technology. It is part of the company’s plan to incubate and accelerate startups, to fuel new services lines and build new IPs. 

As part of expanding the partnership, 3i Infotech is also nominating Nilesh Gupta, SVP & Global Practice Head, 3i Infotech Limited to serve as a strategic advisor to Exium. Speaking on this collaboration, Nilesh said, “I would term this as a lethal combination of sorts, with Exium’s laser-sharp focus on product innovation combined with our global presence, market know-how and best-of-breed solutions, creating a real value and differentiator for our customers. As part of this strategic investment, we will work closely with Exium’s product development team to further enhance market needs towards better digital transformation journey.  Combined, we have a huge addressable market to serve. Through this collaboration, we plan to work extensively with Exium to offer edge solutions at scale to all verticals."

"We're thrilled to welcome Nilesh Gupta to our board of advisors,” said Farooq Khan, CEO of Exium. “Both his management wisdom and domain expertise run broad and deep in virtually every aspect of high-tech business growth — from product to business development and sales to engineering needs for cloud, security, applications, and analytics. We are confident that his contribution will be significant to the advisory board, and benefit from decades of global entrepreneurial experience.” 

Headquartered in Mumbai, India, since inception in 1993, 3i Infotech has been committed to driving business value across multiple industry verticals. 3i Infotech, today, has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, Healthcare, Manufacturing, Retail and Government sectors. The Company has over 5000 employees in 30 offices across 15 countries and over 1000+ clients in more than 50 countries across 4 continents. With a wide range of IT services, 3i Infotech has successfully transformed business operations of customers globally. The Company has a very strong foothold and client base in geographies like North America, India, Asia Pacific, Middle East and Africa, Kingdom of Saudi Arabia, and South Asia. 

Website: https://www.3i-infotech.com/ 

Exium is an American full-stack cybersecurity and 5G clean networking pioneer helping organizations to connect and secure their teams, users, and mission-critical assets with ease, wherever they are.

To learn more about Exium, visit https://exium.net/. 

3i Infotech Makes A Slew of Leadership Hires To Fuel Its Global Expansion Plans

Sax Krishna, Sudeep Nadkarni, Sushant Purushan and Rangapriya Goutham are the key hires joining the ranks of 3i Infotech to drive its Run, Grow and Build proposition

Mumbai, July 27, 2021 – 3i Infotech Limited (BSE: 532628, NSE: 3IINFOTECH), a global Information Technology company, committed to accelerating business transformation, has announced a series of senior level appointments with immediate effect, to include Sax Krishna as Chief Growth Officer, Sudeep Nadkarni as Chief Revenue Officer – Large Deals, Sushant Purushan as EVP & India Business Head, Cloud First & Digital, IMS leadership team and Rangapriya Goutham as Chief Marketing Officer to accelerate the company’s global business. These strategic level hires would be integral to 3i Infotech's aim of achieving a growth of $1 billion by 2030.

Commenting on the appointments, Thompson P. Gnanam, Managing Director & Global CEO, 3i Infotech said, “We are extremely delighted to have top industry talent join us at this opportune time with the company heralding a new growth journey. We believe their collective global experience, capabilities, and know-how of transforming diverse businesses in a digital and cloud-first world would be invaluable to us and the customers alike, and will help drive the company’s Run, Grow and Build proposition. We see them as our brand ambassadors propagating our vision of being a trusted global one-stop, end-to-end service provider and a digital transformation partner delivering business excellence and exceptional outcomes to customers in this new digital decade."

As Chief Growth Officer, Sax Krishna will be responsible for driving new business growth in North America and Europe, Middle East, and Africa markets. Sax, a BITSian comes with close to three decades of experience in leading and managing cross functional teams in IT, BPO & technology domain across North America, Europe, India & APAC with repeated success in business transformation, built on identification and capitalization of market opportunities. He has worked with IT majors including HCL, Mahindra Satyam, Aditya Birla Minacs, and Atos, among others. In his last stint, he was the SVP - Business Head at TEOCO.

As the Chief Revenue Officer – Large Deals, Sudeep Nadkarni will drive large global initiatives in the BFSI industry and be involved in global in-house and shared service center transformations. He has over 25 years of experience serving large private & public ventures, delivering enhanced transparency, security and quality of financial services. He has also scaled over a dozen new business ventures shaping the digital economy. Earlier, Sudeep has worked as a senior executive with global services firms like Capgemini, Mphasis, NIIT technologies as well as advisor to several successful start-up firms innovating in the financial services and Big Data space. Sudeep is certified on mergers and acquisitions from University of Chicago – Booth School and has an MBA in marketing & strategy from Kellogg Graduate School of Management.

To add impetus to the Grow proposition of 3i Infotech, Sushant Purushan, an industry expert has joined the company to lead the Digital IMS and Cloud Transformation services in India & South Asia. Bangalore based Sushant has over 24 years of experience in IT and services industry in India and South Asia. Sushant has worked with several reputed firms such as TCS, CMC, Wipro Infotech, IBM India and Sify Technologies and handled various assignments such as Sales, Product/Practice Management, Delivery and P&L management.

Priya joined 3i Infotech as the CMO and her core strength is in the field of marketing, strategy and building brands. An alumnus of IIM Bangalore, she has an enviable 22 years of multi-faceted experience which includes setting up of new businesses and startup to scale up expertise in small, medium and large enterprises. Her international experiences include working in US, UK, Singapore and GCC markets. She will be helping the teams in aligning business and marketing strategy to grow the business.

About 3i Infotech

Headquartered in Mumbai, India, since inception in 1993, 3i Infotech has been committed to driving business value across multiple industry verticals. 3i Infotech, today, has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, Healthcare, Manufacturing, Retail and Government sectors. 

The Company has over 4200 employees in 30 offices across 15 countries and over 1000+ clients in more than 50 countries across 4 continents. With a wide range of IT services, 3i Infotech has successfully transformed business operations of customers globally. The Company has a very strong foothold and client base in geographies like North America, India, Asia Pacific, Middle East and Africa, Kingdom of Saudi Arabia, and South Asia.

3i Infotech included in Global Banking Platform Deals Survey by independent research firm

3i Infotech Limited (BSE: 532628, NSE: 3IINFOTECH), a global Information Technology company, committed to accelerating business transformation, has been recognized as a Solid Player and a Base and Regional Player in the combined and new deals categories respectively, for its banking product – Kastle, in the Forrester’s Global Banking Platform Deals Survey 2020. 

Speaking on the recognition, Mr. Padmanabhan Iyer, Managing Director and Global CEO, 3i Infotech said, “3i Infotech is honoured to have Kastle Universal Banking included by a prestigious institution like Forrester. We believe that this recognition reinforces our commitment of delivering next-gen products to our customers across the globe. By constantly upgrading our comprehensive set of IP based software solutions & IT services solutions, we have re-invented ourselves to address the dynamic requirements of BFSI industry.” 

“Kastle Universal Banking Solution is an end-to-end banking solution catering to the entire spectrum of banking across Lending, Islamic Finance, Core Banking, Treasury, Trade Finance, Integrated Risk Management, Digital Banking and Analytics. AMLOCK (Financial Crime Detection and Management Solution) coupled with Kastle Universal Banking Solution is a force multiplier for banks and financial institutions to be digitally equipped and be future-ready to meet their business goals. Multiple combined deals is a testimony to Kastle Innovative Banking Solution by banks and financial institutions across the globe. We are honoured by this recognition by Forrester,” said Krish Narayanaswami, President and Global Banking Head, 3i Infotech. 

Forrester’s Global Banking Platform Deals Survey 2020 is an independent survey conducted annually by Forrester. The research is published to guide decision-makers at financial institutions around the world. Forrester surveyed 35 key banking platform vendors about their 2019 deals and published the results from the survey in their report, The Banking Platform Market Remains Stagnant, Though Smaller Banks Are Turning To Fintechs - Forrester Report Link.

About 3i Infotech 

Headquartered in Mumbai, India, since inception in 1993, the Company has been committed to driving business value across multiple industry verticals and has a strong BFSI presence. The company has over 5500 employees in 31 offices across 12 countries and over 1200+ customers in more than 50 countries across 4 continents. With a comprehensive set of IP based software solutions and a wide range of IT services, 3i Infotech has successfully transformed business operations of customers globally. The Company has a very strong foothold and customer base in geographies like North America, India, Asia Pacific, Middle East and Africa, Kingdom of Saudi Arabia and South Asia.  

Its flagship products include Kastle™ (Universal Banking Solution), AMLOCK™ (Financial Crime Detection and Management Solution), MFund™ Plus (Asset Management Solution), Premia™ Astra (Core Insurance Solution) and Orion™ (Enterprise Resource Planning Solution). 3i Infotech provides IT Services across Mobility, Data Analytics, Block Chain, Cloud Life Cycle Management, Testing Services, Infrastructure Management, Application Development & Maintenance, Professional Services, IT Consulting and BPO. 

3i Infotech’s VPN-as-a-Service 'Remote Worker' Enables Business Continuity Amidst Lockdown

 3i Infotech Limited (BSE: 532628, NSE: 3IINFOTECH), a global Information Technology company, committed to accelerating business transformation, launched Remote Worker as a Service, as part of its Altiray Services. This VPN-as-a-Service is a unified secure access gateway that facilitates remote working from anywhere and anytime by hosting any on-premise server or application. It also enables organizations to move to the cloud with ease, and embrace Bring Your Own Device (BYOD) and mobility in a hybrid IT environment.

In the wake of Covid-19 pandemic, many organizations who believed they had well-equipped solutions to allow seamless remote access to employee, are finding cracks in their foundation with work from home now becoming a necessity. From lack of collaborative tools, inability to connect to in-house applications, to a lack of interpersonal training to help employees navigate through remote work situations, organizations are scrambling to meet the demands of remote workers. 

‘Remote-Worker as a Service’ solution from 3i Infotech simplifies access to the customer’s central infrastructure and applications without the worry of cumbersome configurations and needless time delays.  It creates a seamless, safe and secure end-to-end socket layer connection in combination with secure mobile access (SMA) to ensure security without any installation at the client’s end, thereby enabling remote users to connect to internal network resources over the Internet using an encrypted connection. It also helps to control all mobile devices of an organization’s network and provides a cost-effective single sign-on (SSO) to any application on the network or in the cloud from a single URL. While preventing unauthorized access to corporate applications, Remote Worker also facilitates employees to upload and share files securely. 3i Infotech’s existing customers are using this Remote Worker solution to connect to their product suite seamlessly from any location and from any device.

The technology partners for 3i Infotech’s Remote Worker are Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform and Alibaba Cloud. The Altiray umbrella of 3i Infotech has years of deep domain expertise across the BFSI, Healthcare and Government spectrum. Based on a curated technology stack, the solutions enable easy technology adoption and are effortlessly scalable. Mobility, together with new-age technologies like Blockchain, Artificial Intelligence, IoT, Augmented / Virtual Reality (AR/VR), are an imperative part of digital transformation.

Altiray’s offerings cater to all levels of the mobility maturity curve, covering Consulting, Design & Development, Data Testing, Support, Data Intelligence & Co-Innovation.

3i Infotech has a very strong foothold and customer base in geographies like India, North America, Asia Pacific, Middle East & Africa and South Asia. The Company with its comprehensive set of IP based software solutions & IT Services solutions, has invested in the areas of TaaS, DevOps, Agile, and CT (Continuous Testing framework) to meet the demands of enterprises.

About 3i Infotech

Headquartered in Mumbai, India, since inception in 1993, the Company has been committed to driving business value across all industry verticals. The company has over 5500 employees in 32 offices across 12 countries and over 1200+ customers in more than 50 countries across 4 continents. With a comprehensive set of IP based software solutions and a wide range of IT services, 3i Infotech has successfully transformed business operations of customers globally.

The Company has a very strong foothold and customer base in geographies like North America, India, Asia Pacific, Middle East and Africa, Kingdom of Saudi Arabia and South Asia. The Company’s products and services address the dynamic requirements of BFSI, Government, Manufacturing, Retail, Distribution, Telecom and Healthcare. Its flagship products include Kastle™ (Universal Banking Suite), AMLOCK™ (Financial Crime Detection and Management Solution), MFund™ Plus (Asset Management Solution), Orion™ (Enterprise Resource Planning Solution) and Premia™ Astra (Core Insurance Solution). A robust capability in the services domain is evident through consulting services, business optimization services and an extensive expertise in mobility, data analytics, big data, testing and application development services, all of which come under the umbrella brand – Altiray®.

3i Infotech’s AI-powered Amlock Analytics Helps Organizations Address Money Laundering

3i Infotech Limited, a global Information Technology company, launched AMLOCK Analytics, its advanced anti-money laundering (AML) solution powered by Artificial Intelligence (AI) and Machine Language (ML), which enables banks and financial institutions to identify complex and hidden AML patterns. It helps organizations to meet their most critical challenge of managing high false positives and provides a holistic view of investigating an alert. AMLOCK Analytics uses various statistical methods and machine learning algorithms to derive analyses and predictions based on institution specific historical data. 

One of the important features of 3i Infotech’s AMLOCK Analytics is the reduction of false positives using risk profiling, through predictive analytics that identifies potential risk and thereby enhances decision making. The solution also provides an insight on the trends followed by customers, based on seasonality and identifies the anomalies based on deviation from these trends, where machine learning helps in customer segmentation. This enables users to investigate effectively by working closely on those groups which are risky or deemed outliers.

Ravikanth Sama, Global Head - AML Practice, 3i Infotech said, “AMLOCK Analytics blends both the traditional rule-based system and the power of Analytics to bring better efficiency & risk focus.  It can be hosted both on-premise and on cloud infrastructure. The solution provides a probability score indicating the chances of closing an alert based on the past actions taken by the users on similar alerts. AMLOCK Analytics improves the conversion rate of Suspicious Transaction Report (STR) or Suspicious Activity Report (SAR), as it dynamically correlates between the alerts in which suspicious transaction reports have been generated and those that have been tagged as false positives by the investigators.”

Balakrishna Peddiraju, Head - Global Delivery & Engineering (AMLOCK), 3i Infotech said, “With increasing money laundering activities and financial frauds witnessed across organizations, there is a pressing need to curb such activities. Our AMLOCK Analytics solution helps detect unknown suspicious behavioral AML patterns, thereby improving operational efficiency. This solution is seamlessly integrated with AMLOCK and embedded with various machine learning and deep learning algorithms. It facilitates intense surveillance and reduces investigation time. It enables better alert triage and smarter investigations by providing astute guidance based on historical patterns for factors such as risk assessment.”

AMLOCK is 3i Infotech’s flagship AML solution that is multi-segmented and used by banks, insurance companies, Non-Banking Financial Companies (NBFCs) and mobile wallet companies to proactively detect and manage potential money laundering activities. It is an established global AML solution with over 100 installations across 35 countries.

The offerings of the AMLOCK Suite include AMLOCK FCDMS, Financial Crime Detection and Management Solution, which provides end-to-end financial crime management for large enterprises; AMLOCK Lite, which caters to AML requirement of small and medium institutions; and AMLOCK Analytics that brings the latest dimension of Analytics & AI to uncover hidden AML patterns / risks.  AMLOCK was 3i Infotech’s successful application to Chartis Research’s RiskTech100 2020 rankings. The listing positions 3i Infotech among the world’s 100 major players in risk and compliance technology.

About 3i Infotech

Headquartered in Mumbai, India, since inception in 1993, the company has been committed to driving business value across all industry verticals. The company has over 5500 employees in 32 offices across 12 countries and over 1200+ customers in more than 50 countries across 4 continents. With a comprehensive set of IP based software solutions and a wide range of IT services, 3i Infotech has successfully transformed business operations of customers globally. The Company has a very strong foothold and customer base in geographies like North America, India, Asia Pacific, Middle East and Africa, Kingdom of Saudi Arabia and South Asia. The Company’s products and services address the dynamic requirements of BFSI, Government, Manufacturing, Retail, Distribution, Telecom and Healthcare. Its flagship products include Kastle™ (Universal Banking Suite), AMLOCK™ (Financial Crime Detection and Management Solution), MFund™ Plus (Asset Management Solution), Orion™ (Enterprise Resource Planning Solution) and Premia™ Astra (Core Insurance Solution).

A robust capability in the services domain is evident through consulting services, business optimization services and an extensive expertise in mobility, data analytics, big data, testing and application development services, all of which come under the umbrella brand – Altiray®

3i Infotech Focuses its Anti-Money Laundering Solution 'AMLOCK' for the US Market

 3i Infotech Limited , a global Information Technology company, showcased its advanced Financial Crime Detection and Management Solution AMLOCK at the recently concluded ACAMS 7th Annual AML Risk Management Conference in New York. AMLOCK enables banks and financial institutions to proactively detect and manage potential money laundering activities. AMLOCK is an established global anti-money laundering (AML) Solution with over 100 installations across 35 countries. 

AMLOCK is a purpose-built, end-to-end solution designed to stem the flow of illicit funds and meet the compliance requirements of increasing regulatory oversight. It offers comprehensive tools to efficiently manage customer due diligence, enhance compliance processes and seamlessly identify, assess customer risk. 

Speaking on their AML offerings, Krish Narayanaswami, Global Business Head – Banking, 3i Infotech said, “We are proud to feature AMLOCK, our globally acclaimed & end-to-end financial crime detection and management solution at the ACAMS conference marking our foray into the US market”.

Ravikanth Sama, Global Head – AML Practice, 3i Infotech said “AMLOCK leverages the latest technologies, smart graphical analytics and uses AI/ML models. It enables banks, insurance companies, security firms, non-banking financial institutions (NBFIs) and mobile wallet users to easily identify & monitor suspicious activity at both the transaction & customer levels.”

The key features of the AMLOCK include Know Your Customer (KYC) / Sanctions Screening, Customer Risk Rating, Transaction Monitoring, False Positive Manager, Case Management and Reporting & Analytics. It supports both on-premise and cloud-based deployment models. The offerings of the AMLOCK Suite include AMLOCK FCDMS, Financial Crime Detection and Management Solution, which provides end-to-end financial crime management for large enterprises; AMLOCK Lite, which caters to AML requirement of small and medium institutions; and AMLOCK Analytics that brings the latest dimension of Analytics & AI to uncover hidden AML patterns / risks.

About 3i Infotech

3i Infotech provides comprehensive IP based software solutions & IT services, transforming businesses across Banking, Financial Services, Insurance and Enterprises. Its product offerings include Kastle Universal Banking Suite, AMLOCK Financial Crime Detection & Management Solution, Premia® Core Insurance Solution, MFund Asset Management Solution and Orion Enterprise Resource Planning Solution. A robust capability in the services domain is evident through consulting services, business optimization services and an extensive expertise in mobility, data analytics, big data, testing and application development services, all of which come under the umbrella brand – Altiray. With a strong base of over 1200 customers and a global footprint across North America, EMEA and Asia Pacific, 3i Infotech has over 5000 employees located in 24 offices.