One can accumulate 3i Infotech as a value pick.
This has not participated much in the recent run up. This should not
be affected much due to rupee factor as most of its services are
across Europe and in India.
I feel 3i Infotech would be an outperformer in the IT pack.
3i infotech is at a P/E of around 13 with a growth rate of 30%. If you
wish to read more about this company please read below.
Niteen S Dharmawat
About 3i Infotech:
Founded in 1993, 3i Infotech today is a pre-eminent provider of
information technology (IT) solutions and services for the Banking,
Financial Services & Insurance (BFSI) industry and Enterprise Resource
Planning (ERP) solutions for the manufacturing, retail, distribution
and contracting businesses. Over the years, 3i Infotech has evolved
into a US$67 million (revenue) global IT Company with business
operations spread across Americas, Asia, Europe, Africa and
Australasia supported by state-of-the-art software development
infrastructure in Mumbai, Bangalore, Chennai, New Jersey and Kuala
Promoted by NYSE listed ICICI Bank, 3i Infotech is an affiliate of the
technology savvy ICICI Group. With entities such as ICICI Bank -
India's largest private bank, ICICI Prudential and ICICI Lombard, the
US$25 billion ICICI Group is one of the premier tech-savvy financial
3i Infotech is powered by a multi-cultural and multi-racial team of
over 2,200 functional and technical specialists providing end-to-end
IT solutions to ever expanding clientele comprising of several Fortune
500 companies besides reputed trans-national and regional brands
across the globe. Our research & development processes have gained the
reputed SEI-CMM Level 5 & ISO 9001 accredited quality processes.
End-to-end technology solutions from 3i Infotech come with a unique
and unparalleled combination of leadership, superior development
resources and robust methodologies. The organization's core strength
lies in the in-depth functional knowledge and experience of its
resources in Bank Assurance and ERP, enabling 3i Infotech to
understand and translate business requirements of its customers into
Enable our clients to add competitive edge by leveraging on
contemporary technology at affordable prices that would re-engineer
business processes to provide enhanced reach, convenience &
3i INFOTECH IN ASIA PACIFIC
3i Infotech Asia Pacific operations manage a vast geographical spread
from China & Korea in the north to Australia & New Zealand in the
south, and Japan in the west to Thailand in the east.
3i Infotech established its Asia Pacific entity in Singapore in
November 2001 and has during this short span of time, gained rapid
success in the areas of Banking, Insurance, ERP & Services with more
than 49 live customer sites to date. From its Singapore office, 3i
Infotech took rapid strides to enter the regional key markets of ASEAN
as well while paving the way to move into the lucrative North Asian
markets of China (PRC) and Korea.
Towards this the first step was in Malaysia. Soon after the successful
foray in Singapore, 3i Infotech expanded its operation by establishing
a subsidiary office in Kuala Lumpur, Malaysia in September 2002 after
being awarded the prestigious and coveted Multimedia Super-Corridor
(MSC) status given by the Multimedia Development Corporation (MDC).
Success came rapidly with a multimillion dollar breakthrough in a
prestigious Malaysian insurance company specialised in Takaful Islamic
Insurance business followed by critical breakthroughs with the ERP
offering in the manufacturing and distribution segments of the
Enterprise activities in Malaysia.
With Malaysia as the hub, 3i Infotech embarked upon harnessing
opportunities in the regional markets of South East Asia and together
with its Singapore operations roped in several lucrative banking,
insurance and ERP deals in Thailand, Indonesia and Philippines from
several large reputed local, regional brands as well as European
Continuing its commitment for business expansion in the ASEAN Region,
3i Infotech has invested in the high growth economy of Thailand by
setting up a wholly owned subsidiary office in Bangkok. With a fully
operational local office, 3i Infotech is poised to meet the growing
market needs more effectively.
Encouraged by the progress 3i Infotech decided to locate its insurance
practice for the whole region in Kuala Lumpur and establish its
regional software development centre to address the growing needs of
the insurance industry in the region, provide enhanced customer care
through quick response as well as to address its commitments to MDC.
After having met with success in South East Asia with its entire
business line, 3i Infotech is now poised to make its presence felt
down under by strengthening its existing office in Sydney to focus on
the Australia & New Zealand (ANZ) market.
Insurance - Enterprise-wide solution for Life, Non-Life, Islamic
(Takaful) insurance businesses and Insurance Brokering Businesses
Banking - Core Banking, Treasury, ALM, Risk Management, Factoring and
Loan Management solutions
ERP - For Retail, Distribution, Manufacturing and Contracting enterprises
ERM - Customer Relationship Management (CRM), Supply Chain Management
(SCM), Partner Relationship Management (PRM) and Vendor Relationship
Management (VRM) Services
IT Consulting - Security Consulting, Digital Certification, IS
Consulting and System Integration
Software Development - Bespoke development of conventional, web, e & m
Managed Services - System Maintenance, Network Management, Data
Center, Disaster Recovery, Configuration and Operation
IT Offshore Outsourcing
Catering to Clients Needs…
3i-Infotech offers Human Resource solutions for organizations who wish
to outsource their IT segments. The solutions cater to contract as
well as permanent positions. We provide the client with talented
resources who have the requisite skills & experience and thus business
competitiveness. Our solutions include the entire process of hiring of
individuals / teams followed by managing their administration and
payment during the project tenure.
IMPORTANT DISCLAIMER: Investment in equity shares has its own risks.
Sincere efforts have been made to present the right investment
perspective. The information contained herein is based on analysis and
up on sources that we consider reliable. I, however, do not vouch for
the accuracy or the completeness thereof. This material is for
personal information and I am not responsible for any loss incurred
based upon it & take no responsibility whatsoever for any financial
profits or loss which may arise from the recommendations above.
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