3i Infotech's US Subsidiary Secures Additional USD 2.26 Million (₹18.77 Crore) in Employee Retention Credit
The total grant amount of approximately ₹36.57 crore is a substantial financial inflow for the company, positively impacting its balance sheet and cash flow.
The company's subsidiary received a significant additional grant, increasing the total entitlement, which improves its financial position and liquidity.
* 3i Infotech Limited announced on August 5, 2025, that its material subsidiary, 3i Infotech Inc., USA, has received an additional grant of USD 2,260,973.87 (approximately ₹18.77 crore). * This grant pertains to employees' retention credit under the "Employee Retention Tax Credit" Scheme. * This new entitlement follows a previous intimation on July 15, 2025, for USD 2,144,816.87 (approximately ₹17.80 crore). * With this latest receipt, the total grant entitlement under the Scheme now stands at USD 4,405,790.74 (approximately ₹36.57 crore).
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