3i Infotech renews SBI General data warehousing deal for ₹5.18 cr
The one-year renewal cum amendment covers project management, data modelling, and BI support, with an option to extend. It is the third notable order in as many months, though smaller than the HPCL and UAE wins.
— 3 earlier stories on 3I Infotech Ltd. →What's new
- 3i Infotech signed a ₹5.18 cr contract renewal with SBI General Insurance for data warehousing and BI support.
- The one-year engagement can be extended by another year by mutual consent.
- The company voluntarily disclosed the order, indicating its materiality for a nano-cap firm.
Why this matters
For a nano-cap with trailing revenue of ₹176 cr, this renewal adds predictable revenue from a top-tier domestic insurer. While not transformational on its own, it is the third order in as many months, continuing a trend of modest wins that collectively add to the backlog.
What we're watching
- Whether the contract is extended beyond the initial one-year term.
- If 3i Infotech can upsell additional services to SBI General.
- The cumulative impact of recent orders on quarterly revenue visibility.
The full read
3i Infotech has locked in a ₹5.18 crore one-year renewal cum amendment with SBI General Insurance for data warehousing and business intelligence support. The deal is extendable by another year and adds recurring revenue from a reputable domestic insurer. For a nano-cap with trailing revenue of ₹176 crore, this is not a game-changer. The company has already disclosed larger orders this month – ₹33.6 crore from a UAE firm and ₹37.05 crore from HPCL. The voluntary disclosure suggests the company treats this as material. Taken together, the recent wins are building backlog. The next test is whether 3i Infotech can convert this renewal into a broader engagement or land more such mid-sized contracts to reverse its 6% trailing revenue decline.
Questions answered
- What is the value and duration of the contract with SBI General Insurance?
- The contract is worth approximately ₹5.18 crore and runs for one year, with an option to extend by another year by mutual consent.
- Is this a new client for 3i Infotech?
- No, this is a renewal cum amendment of an existing engagement. The company already provided data warehousing and BI support to SBI General.
- Why is this contract considered material for a nano-cap company?
- At ₹5.18 crore, the contract exceeds the 1% market cap materiality threshold for 3i Infotech (market cap ~₹356 crore), and the company chose to voluntarily disclose it.
- How does this order compare to 3i Infotech's recent wins?
- It is smaller than the HPCL contract (₹37.05 cr) and the UAE order (₹33.6 cr) secured in June, but still adds to a growing order book.
- What services are covered under the contract?
- The contract covers project management, data modelling, and related technology support for data warehousing and business intelligence.
3I Infotech Ltd.
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All notes on 3IINFOLTD →- 2 Jul 2026 · 8:45 PM IST 3i Infotech renews SBI General data warehousing deal for ₹5.18 cr
- 12d ago 3i Infotech lands ₹33.6 cr UAE order, its second big win this month
- 15d ago 3i Infotech renews NCDEX contract for ₹14.71 cr
- 23d ago HPCL hands 3i Infotech its biggest single-service win in years