Synopsis: 3i Infotech’s UAE subsidiary has secured a ₹33.6 crore professional services order from a leading UAE-based technology company, reinforcing the Middle East as a key growth region. The contract follows the company’s strongest EBITDA growth in years up 53.3% in FY26 as management eyes ₹2,000+ crore revenue by 2030.
3i Infotech Limited entered investor focus this week after its subsidiary secured a meaningful international contract in the UAE, layering fresh revenue visibility on top of a full-year earnings performance that showed the company has quietly turned a corner after years of restructuring. For a stock that has spent the better part of the last decade rebuilding from a near-collapse, these back-to-back developments deserve a closer look.
The UAE Order — What It Is and Why It Matters
In a regulatory filing dated June 21, 2026, 3i Infotech disclosed that 3i Infotech Software Solutions L.L.C., its UAE-based subsidiary, has received a Purchase Order dated June 19, 2026 from a leading UAE-based technology company whose name cannot be disclosed due to confidentiality obligations for providing professional services including the rebadging of IT resources.
In plain terms, “rebadging” means that IT professionals currently working under the client’s banner will be transferred to 3i Infotech’s payroll and deployed across multiple customer environments. This is a common practice in managed IT services where companies outsource their entire tech workforce management to a specialist provider.
The contract covers a wide range of technology functions including cybersecurity, cloud security, network operations, infrastructure support, service delivery, systems administration, and engineering. The engagement is valued at approximately AED 13.08 million (roughly ₹33.6 crore, exclusive of applicable taxes) and spans a one-year period that can be extended further on mutual terms.
While the contract is not transformative in size relative to the company’s annual revenue of ₹693.3 crore, it carries strategic weight. The Middle East has been identified by management as a key growth region, and winning a people-deployment contract from a marquee unnamed tech company signals credibility in a market where talent management and cybersecurity expertise are in high demand.
What the FY26 Numbers Actually Show
To understand why this order matters, it helps to first appreciate where 3i Infotech stands financially after its turnaround effort. For the full year FY26, the company reported consolidated operating revenue of ₹693.3 crore slightly lower than ₹725.8 crore in FY25, but the decline is largely explained by the closure of its Saudi Arabia branch, which had contributed ₹30 crore in FY25.
Strip that out and the underlying business actually grew. More importantly, where the company has genuinely improved is on profitability. EBITDA surged 53.3% year-on-year to ₹72.0 crore in FY26 from ₹47.0 crore in FY25, with EBITDA margin expanding sharply to 10.4% from 6.5% a year ago. Net profit (PAT) rose 38.5% to ₹35.1 crore, marking the second consecutive year of profitability, a milestone for a company that went through debt restructuring in 2011. For Q4 FY26, operating revenue was ₹175.7 crore and PAT came in at ₹7.3 crore.
The US has emerged as 3i Infotech’s largest geography, contributing 49% of total revenue in FY26, with that segment growing 19.2% year-on-year. India, the second-largest market at 40% of revenue, saw a 15.6% year-on-year decline partly because of the KSA business exit and some customer churn in the BPS segment, which the company is actively repositioning from an India-focused BFSI model toward a digital-first, AI-led services business.
Within business segments, the Application-Automation-Analytics (AAA) vertical remains the backbone, contributing ₹493.2 crore or roughly 71% of total revenue, followed by Infrastructure Services at ₹135.9 crore and BPS at ₹63.9 crore. On the client front, 3i Infotech added over 80 new clients in FY26, including 19 new wins in Q4 alone, which suggests the sales engine is picking up momentum even as revenue consolidates.
The Bigger Picture — What Management Is Building Toward
Taken together, the UAE contract and the FY26 results reflect a company in a methodical, if unspectacular, recovery mode. Management’s FY27 strategy is structured around what it calls six pillars Performance, People, Productivity, Platform, Partnering, and Profitability with a stated ambition of achieving over ₹2,000 crore in revenue by FY30, roughly three times the current run rate.
To get there, the company plans to deepen its AI and cloud capabilities through a Centre of Excellence (CoE) model, expand into new verticals such as healthcare, retail, and travel, pursue strategic M&A for both capacity and capability, and strengthen the Middle East and US go-to-market engines. The Rights Issue completed in FY26 has shored up the balance sheet, and the arbitration proceedings in the RailTel and e-Mudhra matters long-standing legal disputes are progressing, with management expressing confidence in a positive resolution
Share Price and Valuation
3i Infotech shares were trading at around ₹17.51 as of June 17, 2026, with a 52-week range of ₹12.68 to ₹25.45 and a market capitalization of approximately ₹363 crore. At these levels, the stock is trading at a P/E of around 10x on FY26 earnings, relatively modest for an IT services company, but reflective of the market’s wait-and-see stance on whether the profitability improvement can translate into meaningful revenue growth.
3i Infotech Limited, incorporated in 1993 and born out of ICICI Bank, is a Navi Mumbai-headquartered global IT services company with over 3,700 employees and 300+ active clients across the US, India, Middle East, and Asia Pacific. It operates across three business segments Application-Automation-Analytics, Infrastructure Services, and Business Process Services catering to sectors including banking, insurance, IT, government, and manufacturing.
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