The Silicon Review
Incorporated in the year 1993, 3i Infotech Ltd., is a public global Information Technology company committed to Empowering Business Transformation. The company is positioned to address the changing needs of various industry verticals, predominantly Banking, Insurance, Capital Markets, Asset & Wealth Management (BFSI), with a comprehensive set of IP based software solutions (20+), coupled with a wide range of IT services, offering solutions to the government, manufacturing, retail, distribution, telecom and healthcare sectors. Among its repertoire of IPR based solutions the flagship products of the Company are Premia, MFund, Orion, Kastle ULS, Amlock and RhymeSight.
Focusing on value added services such as business intelligence & analytics services, infrastructure management services, testing & compliance, application development & maintenance, consulting and BPO offerings, is a weighty task indeed, in today’s corporate world. Making the task possible is one such company, 3i Infotech Ltd., headquartered at Mumbai, India with over 9000 employees in more than 27 offices in more than 50 countries across 5 continents.
Variety is the spice of Banking, Insurance and Financial services 3i Infotech Ltd. offers a wide array of products like Kastle ULS Universal lending System, Amlock Anti Money Laundering solution, Premia Core insurance suite, Orion ERP suite, Rhymesight wealth management suite, and recently the company has launched Mfund Plus investment management solutions. Among the services sector, the Company offers Infrastructure management service, IT staff augmentation, Application Development & maintenance, Business intelligence & Analytics and Business Process outsourcing (BPO) services.
Strike while the iron’s hot
The company has strategically focused on the BFSI segment and has infused significant R&D investment in its ‘power products’ to meet the needs of its market segments. Services business continues to be a robust revenue engine where we are deepening our existing relationships and foraying into newer opportunities like mobility & platform based services.
With a 3000 member strong infrastructure management services, 3iInfotech Ltd. has set its eye on growing IMS offerings to US customers, while expanding its international BPO operations by leveraging a strong BPO expertise across domestic clients.
The company’s presence in the APAC, South Asia, Middle East Africa, UK and US markets, has turned the full-fledged IT domain company’s focus on their five power products and its core strategy is to consolidate and deepen its relationships with its customer base. The company’s vision and market strategy is product innovation and offering of globally based products and services to the customers.
Adding value to Customer Services
3i Infotech Ltd. has over 1500 customers in more than 50 countries across 5 continents. 3i Infotech Ltd. has an end-to-end portfolio of offerings, from core banking solutions, Core insurance solutions catering to General (P&C), Life, Medical and Health care segment, Investment management solution catering to wealth management, Portfolio management and Asset management companies, and lending and treasury solutions for Banking and NBFC, and BPO services– for the banking insurance and Financial Services segments.
An expert service provider
3i Infotech Ltd. has a very strong set of skills and domain expertise in the banking and insurance segments. The Company has an end-to-end portfolio of offerings for its service segments, with significant vertical expertise and a proven portfolio of proprietary solutions for the BFSI segment.
Apart from its BFSI offerings, the Company also holds strong ERP implementation skills in the manufacturing, retail and distribution segments and in the recent times the company has been invested heavily in product engineering to offer innovative products and services to customers.
With technical partnerships with Oracle, IBM, HP, Redhat, Microsoft& Cisco to offer strategic advantage, Company’s operations are spread across continents, enabling it to offer offshore, near-shore and onshore delivery, based on client requirements.
In the upcoming decade, the company aims to become one of the best product companies across BFSI globally with a strong IT services base and provide end to end offerings to clients, satisfactorily.
Getting to know the MD & Global CEO, 3i Infotech Ltd.: Madhivanan Balakrishnan
Prior to joining 3i Infotech, Madhivanan has earned a name for himself as an Executive Director at ICICI Prudential Life Insurance Company Ltd, Senior General Manager at ICICI Bank and Head Customer Service & Retail Risk division. He was also in-charge of the Internet Banking division for the bank, member of the RBI Committee on micro-payments and member of the Boards of various entities in the banking and financial services sectors. Madhivanan’s exemplary transformational leadership skills that earned him the responsibility of managing and motivating strong cohesive multi-disciplinary teams. Madhivanan joined ICICI Bank in 1999, with a strong background in Sales and Marketing after graduating from Indian Institute of Management (IIM), Kolkata. He was a part of the team that launched the ICICI Bank credit card product and later was made responsible for all aspects of the credit card business.
As the Executive Director of ICICI Prudential Life, Madhivanan has also provided his leadership to the “Service Delivery Center” with varied functions such as Technology, Central Operations, Branch Services, BI and Marketing in driving the organizations objectives of quality growth, profitability and market leadership.
Madhivanan’s motto of career and life as a whole is a way forward with strict adherence to the mission “To strive, to seek, to find, and not to yield” gives an insight into his radical personality.”