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History of 3i Infotech Ltd.

The Comp. was incorporated in 1993 as a wholly owned subsidiary of ICICI. ICICI was merged with ICICI Bank with effect from March 29, 2002. The Comp. began functioning as a back office processing company for ICICI/ICICI Bank, certain of their subsidiaries & affiliates. In 1999 technology initiatives across ICICI/ICICI Bank, certain of their subsidiaries & affiliates were consolidated under the Company. Additionally, in order to leverage the expertise derived by servicing ICICI/ICICI Bank, certain of their subsidiaries & affiliates, the Company made an entry into information technology services business in late 1999 by providing: [is] software development & services; [iis] IT infrastructure & network management; & [iiis] IT enabled BPO services. In March 2002, ICICI divested majority of our Equity Shares, by virtue of which we ceased to be a subsidiary of ICICI.

2003

-The Comp. has bagged contracts totalling $2.35 million from international banking firms, including Finansa Plc of Singapore & Nepal Bank.

2004

-ICICI Infotech in alliance with Gerber Technology of US

-Stanchart picks up ICICI Infotech Services' customer acquisition & channel partner management suite, Triton, for its operations in India & Malaysia

- ICICI Infotech has bagged a contract for implementation of Orion10, an ERP-II solution at TTK Prestige Ltd, part of TTK Group

- ICICI Infotech announced the launch of an ERP solution designed to meet the specialised demands of small & medium scale industries.

-The Department of Comp. Affairs [DCAs] has shortlisted Tata Consultancy Services & ICICI Infotech for its Rs 400-crore computerisation programme

-Gets mandate to operate TINXYS [Tax Information Exchange Systems]

-ICICI Infotech launches 'dbizpro'

2005

-3i Infotech files red herring prospectus with Sebi for IPO

-3i Infotech Ltd has decided to fix the issue price of its initial public offering at Rs 100 per share. The IPO of company, which closed on April 4, was subscribed by more than six times. It received more than 1.72 lakh applications accounting for a total demand of over 12.1 crore shares. The institutional portion was subscribed 5.16 times, with a total demand for over 5.05 crore shares.

-3i Info forges alliance with Supertech Solutions

-3I Infotech enters into marketing alliance with Orlando-based Axena Inc

-3i Infotech honored with 'Service Provider of Year' Award

-3i Infotech releases ORION version 10.3

2006

-3i Infotech launches FCCB offering of $ 50 mn

-3i Infotech sets up product development centre in Kochi

-3i Infotech acquires stake in two firms for $13.5 million

-3i Infotech & Oracle launch Technology Centre of Excellence

2007

- 3i Infotech launches BPO Operations for Mutual Funds

- 3i Infotech Ltd on May 09, 2007 has announced that it has partnered with Financial Information Network and Operations Ltd [FINOs], to provide financial services through low cost technology enabled delivery channels, using Common Service Centres [CSCss].

- 3i Infotech launches new Global Development Centre [GDCs] in Chennai.

- 3i Infotech wins Best Software Product Award from HYSEA.

-The Comp. has issued Bonus Shares in the Ratio of 1:1.

2008

-3i Infotech on April 8 said it has been granted Capability Approval Certificate by Standardisation, Testing & Quality Certification Directorate, Department of Information Technology.

- 3i Infotech Ltd has acquired a majority stake of 51% in M/s. Fineng Solutions Pvt Ltd [FinEngs] with a commitment to acquire remaining stake in two tranches over a period.