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3i Infotech to expand reach in domestic market
3i Infotech plans to expand its reach in the domestic market by targeting newer verticals — utilities and infrastructure — using the technology platform that came with the acquisition of the US-based Regulus Group.
3i Infotech plans to expand its reach in the domestic market by targeting newer verticals - utilities and infrastructure - using the technology platform that came with the acquisition of the US-based Regulus Group.
Mr Anirudh Prabhakaran, Executive Director and President of South Asia business for 3i Infotech, said the company was in talks with several power and telecom companies to offer bill generation and printing services.
The company sees huge potential for document processing in the Indian market that's characterised by large volumes, he said.
Last April, 3i Infotech acquired the payment processing firm Regulus, which serves customers in verticals such as insurance, finance, telecom, utilities and healthcare sector.
The Indian market accounts for about a third of 3i Infotech's revenues. The banking, financial services and insurance sector contributes to about two-thirds of the company's earnings in the country with the rest coming from verticals such as telecom and e-governance. For the nine-month ended December 2008, 3i Infotech reported a net profit of Rs 199.77 crore on revenues of Rs 1,694 crore.
Mr Anirudh Prabhakaran, Executive Director and President of South Asia business for 3i Infotech, said the company was in talks with several power and telecom companies to offer bill generation and printing services. 
