Indian IT firm set to operate in RP

The ICICI InfoTech (www.icici.infotech.com), the technology company of the ICICI Group (Industrial Credit & Investment Corp. of India), is set to commence operations in the Philippines.

ICICI is provider of technology solutions to India’s premiere financial institutions and second indigenous Asian banking conglomerate listed in the New York Stock Exchange with group assets of about $20 billion.

In the country to oversee the start of the company’s operations is Debneel Mukherjee, ICICI Infotech director and chief operating officer, ICICI earlier entered into a tie up agreement with STRATEG-e, Inc., a local consulting and development company. It also has a marketing collaboration set up with New Asia International Insurance Brokers.

The ICICI software products are divided into two categories. Solutions for the financial sector and ERP Solutions for retail, distribution contracting industries and manufacturing. The banking products include Pinnacle , a multicurrency asset liability management solution, Kastel which handles complex financial transactions in forex, money, debt, capital and derivative markets, the Riskfree stand alone risk management system, and Beam (branch environment automation manager) which provides Windows-based front-end to core banking applications.

The insurance solutions, Premia, is an end-to-end software for both life and non-life applications. Its Orion is a comprehensive ERP-II solution that addresses the complex internal and external needs of the larger enterprises in manufacturing, distribution, retail, and contracting industries. Merlin is an exciting value-added mini ERP product that perfectly meets the IT needs of the SME sector. Most of the solutions are based on oracle software platforms.

Apart from the products, the company is active in IT services, specially in the area of information system (IS), consulting, system integration, customs software development, web-based applications, network management, data center and disaster recovery set up management, call center set up and operations, digital certification.

The 1,700 employee strong company is SEI CMM Level 3 certified and is accredited with ISO certification for its development centers. Its operations extend to US, Europe, Middle East and Singapore. The Singapore-based ICICI Infotech Pte. Is now actively target markets like Malaysia, Thailand, Indonesia and the Philippines.