3i Infotech Limited has informed the Exchange about General Updates
3IINFOLTD · price
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3i Infotech Limited has received an order from a leading private sector bank in India for a digitization and document management project covering legacy credit card application records. The contract involves inventory preparation, data entry, barcoding, scanning, indexing, storage, retrieval, and shredding services over a 12-month period. The total approximate value is Rs. 2.04 Crore (excluding taxes), based on likely volumes and a rate card structure. The company has disclosed this voluntarily as the amount falls below the materiality threshold under SEBI regulations. This is a domestic contract focused on business process services.
The contract provides a small but positive addition to 3i Infotech's order book and demonstrates continued traction in the BFSI sector for document management services. However, the deal size of Rs. 2.04 crore is relatively modest and may have limited impact on near-term revenues given the voluntary disclosure threshold.