3i Infotech renews SBI General contract worth Rs 5.18 Cr

1 min read     Updated on 03 Jul 2026, 01:10 AM
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AI Summary

3i Infotech renewed its agreement with SBI General Insurance Company Limited for DWBI support and change request services on July 2, 2026. The one-year contract is valued at approximately Rs 5.18 crore, exclusive of taxes, and includes an option for a one-year extension. The engagement covers services such as project management, business analysis, and technology support for ODI, OBIEE, and PL/SQL.

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3i infotech has renewed its agreement with SBI General Insurance Company Limited for DWBI support and change request services. The contract, signed on July 2, 2026, is valued at approximately Rs 5.18 crore, exclusive of applicable taxes, and secures revenue for the company for a one-year period. This renewal underscores the continued trust placed in 3i Infotech's capabilities to deliver critical IT support services to the insurance sector.

The engagement encompasses a comprehensive range of services, including delivery and project management, business analysis, data modelling, and support for technologies such as ODI, OBIEE, and PL/SQL. The agreement provides stability to the company's revenue stream with a provision for extension by a further one year, subject to mutual agreement between the parties involved.

Key Contract Details

The specifics of the renewal were disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that the disclosure was made on a voluntary basis as the contract value falls below the materiality threshold limits prescribed by the regulations.

Particulars Details
Client SBI General Insurance Company Limited
Nature of Order IT Services - DWBI Support and Change Request Services
Duration One year, extendable by one year with mutual agreement
Contract Value Approx Rs 5.18 crore (exclusive of taxes)
Entity Type Domestic

The renewal involves a domestic entity and is not classified as a related party transaction. There are no interests reported by the promoter or promoter group in the entity awarding the contract. The services will be executed domestically, aligning with the company's operational focus on the Indian market.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE748C01038/73b9560505e342ba.pdf

Historical Stock Returns for 3I Infotech

1 Day5 Days1 Month6 Months1 Year5 Years
+2.24%+2.95%+2.30%+5.33%-24.19%+88.76%

How will this renewal impact 3i Infotech's revenue from the insurance sector in the upcoming fiscal year?

What are the chances of the contract being extended by another year based on mutual agreement?

Will this agreement pave the way for 3i Infotech to secure similar contracts with other insurance firms?

3i Infotech unit wins INR 33.6 Cr order from UAE client

1 min read     Updated on 22 Jun 2026, 04:37 PM
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Ashish TScanX News Team
AI Summary

3i Infotech Software Solutions L.L.C., a subsidiary of 3i Infotech, secured a purchase order worth INR 33.6 Crores (AED 13.08 Mn) from a UAE-based technology company on June 19, 2026. The one-year contract, extendable on mutual terms, involves professional services including the rebadging of IT resources across cybersecurity, cloud security, and infrastructure support. The transaction is international in nature, exclusive of taxes, and involves no related party interests.

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3i Infotech Software Solutions L.L.C., a subsidiary of 3i Infotech , has secured a purchase order worth INR 33.6 Crores from a UAE-based technology company for professional IT services. The contract, awarded on June 19, 2026, spans a period of one year and includes provisions for extension based on mutual terms and conditions. The total consideration is approximately AED 13.08 MN, exclusive of applicable taxes.

The engagement focuses on the deployment and management of technology professionals across various roles and customer environments. Key areas of operation include cybersecurity, cloud security, network operations, infrastructure support, service delivery, systems administration, and engineering functions. The project also entails the rebadging of IT resources to support the client's diverse customer base.

Contract Details

The filing submitted to BSE Limited and National Stock Exchange of India Limited outlined the specific parameters of the agreement. The order was classified as an international transaction involving professional services and IT resource deployment.

Particulars Details
Client UAE-based technology services company
Nature of Order Professional Services and IT Resource Deployment
Duration One year, extendable on mutual terms
Contract Value AED 13.08 Mn (INR 33.6 Cr. Approx.)
Tax Status Exclusive of applicable taxes

The disclosure confirmed that the order does not involve any interest from the promoter, promoter group, or group companies of 3i Infotech. Furthermore, the transaction does not fall under related party transactions. The company noted that the name of the customer remains undisclosed due to confidentiality obligations.

The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company attributed a brief delay in the dissemination of this information to the unavailability of concerned officials due to travel.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE748C01038/7978b70c4a1b423e.pdf

Historical Stock Returns for 3I Infotech

1 Day5 Days1 Month6 Months1 Year5 Years
+2.24%+2.95%+2.30%+5.33%-24.19%+88.76%

What is the likelihood of the contract being extended beyond the initial one-year term given the mutual extension provisions?

How will this engagement impact 3i Infotech's revenue from the Middle East and North Africa (MENA) region in the current fiscal year?

Does the scope of work suggest a strategic pivot towards higher-margin managed security and cloud services for the company?

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