Module: 4 - ICICI Infotech Services Private Ltd
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Recognising the supreme role of technology in Industry and in particular in financial institutions, ICICI Ltd. floated a group company, ICICI Infotech Services Ltd. in 1993, even before incorporating ICICI Bank Ltd. in 1994. ICICI Infotech acts as the IT arm for the group and its customers.

ICICI Infotech Services Limited, a leading software solutions and services provider based in India, was established in October 1993. The company presently focuses on software development & web-enabling businesses, IT enabled services and IT infrastructure, communications and related services. As on June 30, 2000, the net worth of the company was Rs 481 million, of which the share capital accounted for Rs 60 million and the reserves and surplus accounted for Rs 421 million.

ICICI Infotech has already done pioneering work in web solutions, e-commerce and m-commerce, and this expertise will be utilized to take advantage of emerging market opportunities. As a result of its IT driven innovations and efficient work processes, ICICI Infotech was awarded the ISO 9001 and IQ Net certifications by Standards Australia. ICICI Infotech today employs about 750 professionals, of which about 120 are employed in the United States.