3i Infotech envisions major growth plans
3i Infotech has envisioned major growth plans for itself, in the backdrop of strong tailwinds experienced over six successive quarters during the last two years. With a revenue of over Rs.1,000 crore in the last four years, the company has added 139 new customers in FY 17, growing its customer portfolio to more than 1,000 customers across fifty countries in four continents.
The company has implemented a 3-phase “Protect-Consolidate-Grow” approach that has been successful and is reflected in the operating margins of the company. The approach has helped the organization retain its existing customers and win new ones. While maintaining a stable margin of 18 to 20 per cent, the company has improved its CRISIL rating to “CRISIL BB/Stable”. The company reported a net profit of Rs.100.65 crore in FY 2017, with an improved EBITDA over the past five years, while achieving an order-book balance of Rs.572 crore, as on March 31, 2017. The cash flow from operations has been positive and the company’s net worth, as on March 31, 2017, was Rs.370.09 crore. The company continues to be profitable and has reported a net profit in H1, FY2018.
Positioning itself as a one-stop, next-gen IT enterprise, the organization has a balanced mix of business from across all geographies, globally, with Americas (32%), EMEA (22%) and APAC (46%). The organization continues to strengthen its dominant presence across emerging markets, including MEA, APAC and India with continued investments to grow its US business.
Speaking on this fresh phase of growth in 3i Infotech, and positioning it as a future-ready IT enterprise of 2020, Padmanabhan Iyer, Managing Director & Global CEO, 3i Infotech, said, “3i Infotech’s core strength lies in strategic engagement with customers offering comprehensive IT solutions, made effective by deep domain expertise. Digital transformation is the base of the company’s end-to-end solution stack and consulting framework, comprising of IPR-based solutions and IT services. With the impetus to expand the impact of our product portfolio, we are focussing on disruptive technologies, such as IoT, Blockchain, SMAC, Robotics, AI, Machine Learning, Telematics and Cybersecurity to facilitate expansion of market reach of our customers. The organization, driven by over 4,800 talented technology specialists across products and services group, is also geared up culturally and operationally to collaborate and offer composite next-generation solutions to its customers.”
To reinforce its customer connect, the company has reorganized itself into four business units – Banking Products, Insurance & Financial Services Products, ERP Products & IT Services across BFS, IHC, Government and Enterprise. The company’s business model is a good spread between developed and emerging markets, as well as between IT products and IT services.
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