3i Infotech Secures ₹2.04 Crore Digitization Project from Indian Bank
3i Infotech Limited secured a ₹2.04 Crore digitization and document management project from a leading Indian bank for legacy credit card records. The 12-month contract involves scanning, indexing, storage, and retrieval of records. This order falls under Business Process Services.
The value of the order (₹2.04 Crore) is below the materiality threshold for SEBI disclosures, indicating a low financial impact on the company's overall operations.
The company has secured a new order, which is a positive development for business growth and revenue.
3i Infotech Limited has been awarded a significant order by a leading private sector bank in India to undertake a comprehensive digitization and document management project for its legacy credit card application records. The engagement, valued at approximately ₹2.04 Crore (exclusive of applicable taxes) based on anticipated volumes, is set to span a period of 12 months.
The scope of work includes a detailed process of inventory preparation, data entry, barcoding, scanning, indexing, secure storage, retrieval, and eventual shredding of these historical records. 3i Infotech will ensure secure data handling, reporting, and strict adherence to the Bank’s data security and operational standards, thereby enhancing the visibility, accessibility, and compliance of these crucial customer records.
This contract, though below the materiality threshold for mandatory disclosure as per SEBI regulations, is being voluntarily announced by the company. The nature of the order is categorized under Business Process Services, specifically Document Management & Inventory Digitization, and is awarded by a domestic entity.
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3i Infotech Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by 3i Infotech Limited. Read the original for the full detail.