3i Infotech's US Subsidiary Secures Additional $2.26 Million in Employee Retention Tax Credit
3i Infotech Limited's US subsidiary has been granted an additional $2.26 million through the Employee Retention Tax Credit (ERTC) program, bringing the total grant entitlement to $4.41 million. The company received an intimation of overpayment from the Internal Revenue Service, along with the payment instrument. This funding is designed to help businesses maintain their workforce during economic challenges. The company has informed the BSE Limited and the National Stock Exchange of India Limited about this development in compliance with SEBI regulations.
01Aug 25
3i Infotech Reports Q1 Revenue of ₹170.5 Crore with 43.3% QoQ EBITDA Growth
3i Infotech Limited announced Q1 financial results with operating revenue of ₹170.50 crore, down 8.8% QoQ. Operating EBITDA grew 43.3% QoQ to ₹22.90 crore with a 13.4% margin. PAT stood at ₹7.50 crore. India and US were top performers, each contributing 45.1% to total revenue. The company added 16 new clients, maintained a workforce of over 4,300 employees, and achieved ISO 27001:2022 certification. Strategic alliance formed with Aquila Clouds for FinOps and BillOps solutions.
01Aug 25
3i Infotech Approves ₹9.5 Crore Capital Infusion into Subsidiary, Announces Key Board Decisions
3i Infotech's Board approves ₹9.50 crore capital infusion into subsidiary NuRe FutureTech, including loan conversion and fresh funds. Q2 2025 financial results approved. CKSP & Co. LLP re-appointed as statutory auditors for five years. Harish Shenoy to step down as SMP and KMP due to relocation. ICICI Strategic Investment Fund seeks reclassification from Promoter to Public category.
01Aug 25
3i Infotech Approves ₹9.5 Crore Investment in Subsidiary, Reappoints Auditors
3i Infotech's Board of Directors has approved a ₹9.50 crore investment in its subsidiary NuRe FutureTech, including conversion of an ₹8.17 crore loan and a fresh infusion of ₹1.33 crore. The board also reappointed CKSP & Co. LLP as statutory auditors for five years, subject to shareholder approval. Additionally, the company announced a management reorganization with Harish Shenoy stepping down as Senior Management Personnel due to relocation. The board approved unaudited financial results for the quarter ended June 30, 2025.
15Jul 25
3I Infotech's US Subsidiary Secures $2.14 Million Employee Retention Credit
3i Infotech Limited's US subsidiary, 3i Infotech Inc., has been granted a $2.14 million (₹17.70 crore) Employee Retention Credit by the IRS. The company is evaluating the financial impact of this credit. Additionally, 3i Infotech has scheduled a Rights Issue Committee meeting to discuss a proposed Rights Issue aiming to raise up to ₹100 crore through equity shares.
15May 25
3i Infotech Swings to Profit in Q4 Despite Revenue Dip
3i Infotech posted a consolidated net profit of ₹269.00 million in Q4, reversing a ₹999.00 million loss from the previous year. The company saw a 55.85% quarter-on-quarter profit increase. However, Q4 revenue declined 6.50% year-over-year to ₹1.87 billion. The contrasting trends suggest effective cost management amid revenue challenges.
14May 25
3i Infotech Reports Remarkable Q4 Turnaround with ₹40.6 Crore Profit
3i Infotech has reported a significant financial turnaround in Q4 FY2024. The company posted a net profit of ₹40.60 crore, compared to a loss of ₹4.30 crore in the previous quarter. Revenue increased to ₹224.40 crore from ₹183.00 crore, marking a 22.62% growth. Operating profit rose to ₹7.60 crore from ₹3.30 crore. The company's EPS improved to ₹2.39 from -₹0.25 in Q3 FY2024. This performance indicates effective cost management and operational efficiency measures implemented by the company.
08May 25
3i Infotech to Consider Rights Issue in Upcoming Board Meeting
3i Infotech Ltd., an IT services and products company, has announced a board meeting on May 14 to discuss and potentially approve a rights issue of equity shares. This move could impact the company's capital structure and provide existing shareholders the opportunity to purchase additional shares at a discounted price. The rights issue, if approved, may be aimed at strengthening the company's capital base, funding expansion plans, reducing debt, or investing in R&D.