3i Infotech renews SBI General contract worth Rs 5.18 Cr
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?































