3i Infotech renews NCDEX contract for ₹14.71 cr
The three-year managed services deal adds 2.1% to FY26 revenue and signals continued trust from a reputed exchange amid audit challenges.
— 1 earlier story on 3I Infotech Ltd. →What's new
- 3i Infotech won a ₹14.71 cr three-year contract renewal from NCDEX for managed services.
- The deal covers infrastructure, data center, DR ops, security, and end-user support.
- It runs from April 2026 to March 2029 and extends an existing engagement with the exchange.
Why this matters
For a nano-cap with a ₹363 cr market cap and trailing revenue decline, a ₹14.71 cr renewal adds 2.1% to revenue and provides recurring cash flow. The contract strengthens a services pipeline that recently landed a larger HPCL win, giving the company a second consecutive endorsement from a large customer. This matters more for stability than surge.
What we're watching
- Whether 3i Infotech can convert this into additional wallet share from NCDEX.
- Audit resolution: cash flow from contracts like this eases governance pressure.
- Any further order flow in the coming quarters that lifts the revenue trajectory.
The full read
3i Infotech has locked in a ₹14.71 crore three-year contract renewal from NCDEX, adding 2.1% to FY26 revenue for a company with a ₹360 crore market cap and trailing revenue decline of 6%. The order runs from April 2026 to March 2029 and covers managed services across infrastructure, data centres, DR, and security. This is the second large renewal in two weeks — on June 10 it landed a ₹37.05 crore HPCL contract. For a nano-cap with audit overhangs, showing that two major counterparties are willing to re-up is meaningful. The contract won't turn the revenue trend alone, but it buys time to fix the bigger problems.
Questions answered
- How big is this contract relative to 3i Infotech's size?
- The ₹14.71 crore contract represents about 2.1% of FY26 revenue and 4% of market cap, making it material for the nano-cap company.
- Is this a new win or a renewal?
- It is a three-year renewal of an existing engagement with NCDEX, covering managed infrastructure and facility management services.
- What services does 3i Infotech provide under this contract?
- Infrastructure management, data center and disaster recovery operations, server and database administration, network security, and end-user support across NCDEX's technology environment.
- How does this compare to the recent HPCL contract?
- The HPCL contract was larger at ₹37.05 crore for three years, while this NCDEX deal is ₹14.71 crore. Both are recurring revenue wins for the company.
- Does this contract address 3i Infotech's audit concerns?
- Not directly, but recurring cash flows from stable clients like NCDEX help improve financial visibility and may ease some pressure while the company works through audit challenges.
3I Infotech Ltd.
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All notes on 3IINFOLTD →- 18 Jun 2026 · 6:29 PM IST 3i Infotech renews NCDEX contract for ₹14.71 cr
- 8d ago HPCL hands 3i Infotech its biggest single-service win in years