Former deputy managing director and CFO Prashant Kumar had earlier moved to YES Bank as part of the Reserve Bank of India’s rescue plan led by SBI
The company recorded a loss of Rs 102.13 crore in the corresponding quarter a year-ago. Its consolidated revenue also dipped to Rs 305.31 crore from Rs 334.70 crore in the year ago period.
3i Infotech is bullish about its performance going ahead. It may also sell some non-core divisions to repay debt.