On May 16, 2026, 3i Infotech identified a potential ransomware threat. They have since brought in an independent forensic team and reported no significant disruptions to their operations at this time.
3i Infotech Limited
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3i Infotech has set ambitious goals, aiming to triple its current revenue and reach double-digit EBITDA margins by FY30. To achieve this, they will focus on integrating AI technology and expanding their business globally.
In Q4 FY26, 3i Infotech's net profit jumped by 240% compared to the previous quarter, reaching ₹7.3 crore. However, this represents a 73% decline year-over-year. The company's stock price increased by 3.8%, closing at ₹18.28, but remains 29.3% below its 52-week high of ₹25.86.
3i Infotech has announced the approval of its financial results for the fiscal year 2026, with both standalone and consolidated figures being presented, albeit with a minor modification in the latter. The company also revealed changes in its subsidiaries based in Thailand and the Netherlands, along with the appointment of a new head for business operations.
3i Infotech's US division has been hit with a tax penalty amounting to approximately INR 2.36 crore (USD 250,150). The company intends to appeal the decision following an assessment notice from the Pennsylvania Department of Revenue.
3i Infotech successfully raised INR 64.1 crore through a rights issue, with INR 8.25 crore remaining unutilized as of now. The company has postponed the utilization of these funds to September 30, 2026, while maintaining its original objectives and slightly adjusting its timeline.
3i Infotech has announced the issuance of approximately 1.99 million stock options under their ESOS 2018 scheme, each valued at Rs. 10. These options will vest over a three-year period (33% annually) and can be exercised within five years.
3i Infotech's subsidiary is set for arbitration following a dispute over the delivery of services for the Bao Minh insurance project. Bao Minh claims non-delivery and seeks a refund, while the subsidiary plans to defend itself and seek indemnification from Azentio.
3i Infotech has landed a new contract with a U.S. credit union to improve their lending and collections systems over the course of nine months, as part of an Enterprise Application Center of Excellence project.
3i Infotech has landed a significant deal in the U.S., focusing on upgrading a platform to a cloud-native ecosystem. The engagement, lasting 7 months, involves incorporating AI technology as part of the modernization process.
3i Infotech has secured a Rs. 2.04 crore contract with an undisclosed Indian bank for the digitization of legacy credit card records. The project, spanning over a year, involves data entry, scanning, barcoding, and secure storage and retrieval, ensuring compliance with industry standards.