3i Infotech's Subsidiary Secures Order for Lending and Collections Application Center
3i Infotech Inc., USA, a wholly owned step-down subsidiary of 3i Infotech Limited, received an order on April 9, 2026. The contract is for the establishment of an Enterprise Application Center of Excellence (CoE) focusing on Lending and Collections platforms.The engagement responsibilities encompass end-to-end application management across lending and collections platforms. This work requires close collaboration with business and technology stakeholders, aiming to enhance operational efficiency, scalability, and alignment with the client's evolving digital and business requirements.
The awarded contract has a duration of 9 months. The total value of this order is approximately Rs. 2.76 crores, which equates to USD 297,000, exclusive of applicable taxes.
Key details of the contract are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | A leading US-based credit union company |
| Nature of Contract | IT Services - Application Management & Transformation |
| Scope | Establishment of an Enterprise Application CoE for lending & collections platforms, including end-to-end application management, enhancements, and support |
| Transaction Scope | International |
| Contract Duration | 9 months |
| Consideration Value | Approximately Rs. 2.76 crore i.e. USD 297,000 (exclusive of applicable taxes) |
The subsidiary secured the order from an international entity. The transaction is classified as an international IT Services contract and is not considered a related party transaction.
3IINFOLTD Stock Price Movement
Today, 3i Infotech Limited shares edged higher to close at ₹15.69, marking a solid gain of 3.19% for the day. The stock saw total traded volume reach 372,688 shares, underpinning the rally into the post-market session.Source:
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