3i Infotech eyeing $1 billion revenue by 2030

3i Infotech

Mumbai: After selling the software products business for Rs 1000 crore (approx $136 million) to Azentio Software last year, 3i Infotech is transforming its business.

The company is positioning itself to be a future-ready enterprise through a multi-pronged approach of ‘Invent-Incubate-Innovate.’ With the digital and cloud-first approach, the IT services company has set an organic revenue growth target of $1 billion by 2030.

In doing so, 3i Infotech aims to create products, platforms and services for its clients harnessing the power of 5G in edge computing, cognitive AI/ML, data science, analytics and blockchain.

3i Infotech’s new proposition is to build a future where digital transformation and business process management converge, and where technology and automation execute strategies at the highest efficiency.

The software products business sell-off in 2020 has helped 3i Infotech to become a debt-free entity with a focus on growth through clients’ digital transformation with automation.

The focus will be on value to a customer, orchestrating solutions, incubating companies that harness the power of 5G. Instead of prescriptive selling to a customer, the pivot will be towards solutioning in real-time.

“3i Infotech is at the cusp of a new growth story and our aim is to be a one-stop digital transformation resource for our global clientele, with a customer-first approach and a human-centric outlook,” said the newly appointed 3i Infotech MD and Global CEO, Thompson P. Gnanam.

“As we step into a new decade of 5G data and technology, 3i Infotech envisions being the steady force to lead our clients into the new dawn of digital business services,” added Gnanam.

“I am a strong advocate of the fact, that what worked for the last decade will not work in future unless we realign ourselves to digital transformation. We believe that the only way to do this is through the adoption of disruptive technology, whether it is – AI, IoT, Machine Learning and so on to pave the way for cognitive transformation in all businesses,” he continued.

“We are looking to run, grow and build. Run with the existing services, grow with disrupting digital and build with a differentiator. We look to position digital inside our Altiray solution stack, work on Security as a Service (SASE),” informed Gnanam.

“We want to think like a ‘startup’ with a huge backing of our existing customers base to whom we offer our Cloud-first, Digital Inside services and work with strategic partners to build the business,” he further added.

The company has over 4000 employees spread across 4 continents, has recorded a robust performance at the bourses this recent quarter. Its consolidated net profit witnessed an exponential 1652.96% rise in the quarter ended March 2021 against the same quarter the previous year.

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