3i infotech is a leading IT company, which provides technology solutions to more than 45 countries across 5 continents to various sectors i. e. Banking, Insurance, Manufacturing, Contracting, Retail & Distribution and Government. Company's quality certifications include SEI CMM Level 5 for its Software business and ISO 9001:2000 for its Infrastructure Services and Business Process Outsourcing (BPO) operations.

Company's Global Delivery Model provides for the best resources to be drawn from its vast talent pool across the globe to offer optimal solutions. Company's list of customers includes Standard Chartered Bank, Finansa, AIG, Emirates Bank, RAK Bank, International Factors, SBI Factors, Oriental Insurance Company Limited, The National Health Insurance Fund, Solidarity Islamic Insurance & Assurance Co., Commercial America Insurance Company, National Takaful Insurance, Hirsch International Corporation, Pidilite Industries etc. 3i Infotech has joined the elite list of organizations with the distinction of having achieved the highest optimizing level of SEI CMM Level 5 for its offshore development centers in Mumbai. Company has branches in India, Asia Pacific, Europe, Middle East, Africa, United States of America & United Kingdom.

Products & Services:

Company provides Solutions to the Insurance, Banking, Capital market, Enterprise Resource Planning (ERP), E-Governance etc. Company has list of several successful Products like: Premia- insurance management, Kastle- Secure Banking Solutions, AMLOCK- Anti Money Laundering & Fraud Detection, iBOSS- Integrated broker office solutions suite, AWACS - Stock exchange surveillance, Orion- Enterprise Resource Planning (ERP), Xroadz- Enterprise Relationship Management (ERM), Veda- Semantic information structuring etc. Company provides Services to the IT outsourcing, IT infrastructure development, Custom Software Development, IT security consultancy, product re-engineering, application Rehabilitation, Compliance consulting, Packaged application implementation, Enterprise application integration (EAI), system integration, E-Governance, Business Process Outsourcing
(BPO) industry.

Recent developments:

3i lnfotech Consumer Services, a wholly owned subsidiary of the 3i Infotech announced the launch of eMudura SecMsg, a revolutionary mobile solution designed to secure the SMS channel of communication and thereby taking mobile messaging beyond basics. Messages sent using SeeMsg is encrypted using a globally accepted, strong encryption method called PKI, to ensure that the messages are decrypted only by the intended user. While SMS is one of the most preferred modes of communication, businesses and banks are very conservative in using the SMS channel, considering the related security and confidentiality issues. SecMsg provides a layer of security that banks and businesses can consider for sending and receiving very important and confidential messages through the SMS channel. SecMsg is an easy-to-implement solution that takes only minutes to install and supports most mobile devices. Peer to Peer secured messaging, communication of confidential and important information and authentication of online transactions is a few usages of SecMsg.

London-based independent brokerage firm, Swiss Finance Corporation's Mauritius arm bought stake in 3i Infotech. It bought 1.8 million shares of the company at Rs 93.89 a share. Life Insurance Corporation of India (LIC), leading insurance company in India also bought 2.45% stake in the company for Rs 252.80 million.

Valuation:

At current market price, stock is trading at 4.26 P/E multiple of its FY2011 estimated EPS. We recommend investors to buy "3i InfoTech Limited" for medium to long-term investment horizon.