The business of ITC infotech is similar to TCS or Infosys. It offers IT solutions & service to banks & financial institution, healthcare & consumer businesses. 🧑💻
Some of its clients include : Microsoft, PIB Group, and Reynolds Consumer as well the parent ITC.
(2/7)
Some of its clients include : Microsoft, PIB Group, and Reynolds Consumer as well the parent ITC.
(2/7)
In terms of revenue, the IT domain contributes less than 5% to the group and that is why ITC infotech was always out of radar of both investors and the parent entity.
But suddenly, it has been identified as a value unlocking opportunity by ITC. 💯
𝗪𝗵𝘆?
(3/7)
But suddenly, it has been identified as a value unlocking opportunity by ITC. 💯
𝗪𝗵𝘆?
(3/7)
The reason was a massive turnaround in the business.
After years of muted performance, the company gained momentum in FY19.
It reported a revenue CAGR of 22% over FY19-21 with a jump of 4x in net profit with an incredible margin expansion! 🚀
(4/7)
After years of muted performance, the company gained momentum in FY19.
It reported a revenue CAGR of 22% over FY19-21 with a jump of 4x in net profit with an incredible margin expansion! 🚀
(4/7)
The growth could be attributed to 𝗰𝗵𝗮𝗻𝗴𝗲 𝗶𝗻 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 in 2019
ITC Infotech appointed Mr. Sudip Singh (former sr. exec. at Infosys) as CEO who simplified d business by chasing big deals in contrast to the earlier strategy of focusing on small deals. 😎
(5/7)
ITC Infotech appointed Mr. Sudip Singh (former sr. exec. at Infosys) as CEO who simplified d business by chasing big deals in contrast to the earlier strategy of focusing on small deals. 😎
(5/7)
What separates ITC Infotech from other IT players, is its Parent’s domain expertise.
For instance, ITC Infotech caters to enterprises such as CPG, FMCG, Retail, manufacturing, Hospitality etc. where ITC has years of experience.
(6/7)
#StockMarket
For instance, ITC Infotech caters to enterprises such as CPG, FMCG, Retail, manufacturing, Hospitality etc. where ITC has years of experience.
(6/7)
#StockMarket
As per several media houses, ITC is planning to demerge the software division at a whopping valuation of Rs. 25,000 crore!
(7/7)
Do you think the demerger can 𝘂𝗻𝗹𝗼𝗰𝗸 𝘃𝗮𝗹𝘂𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗴𝗿𝗼𝘂𝗽 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 which has been underperforming for nearly a decade? 🤔
(7/7)
Do you think the demerger can 𝘂𝗻𝗹𝗼𝗰𝗸 𝘃𝗮𝗹𝘂𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗴𝗿𝗼𝘂𝗽 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 which has been underperforming for nearly a decade? 🤔
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