Protean eGov Technologies Ltd

(544021)

Protean eGov Techs. Ltd. was originally incorporated as National Securities Depository Limited on December 27 1995 by RoC at Mumbai. The name of Company changed from National Securities Depository Limited to NSDL eGovernance Infrastructure Limited on December 19 2012. Further the name was changed to Protean eGov Technologies Limited on October 28 2021 and a fresh Certificate of Incorporation was granted by the RoC on December 8 2021.The Company is one of the key ITenabled solution companies in India engaged in conceptualizing developing and executing nationally critical and population scale greenfield technology solutions. It has collaborated with the government having an extensive experience in creating digital public infrastructure and developing innovative citizencentric egovernance solutions. The Company has been positioned as one of the key catalyzing agents to developing government related IT solutions. In fact some of the major eGovernance projects of the government have been designed planned and executed by Protean eGov Technologies. It has created strong egovernance interventions impacting multiple sectors of the Indian economy and touching various aspects of a citizens lifemodernizing the direct tax infrastructure providing a tax identity to citizens and corporates issuance of PAN card strengthening the oldage social security infrastructure National Pension System NPS Atal Pension Yojna APY promoting financial inclusion by contributing to the India Stack by enrolling citizens for National Identity and enabling the BFSI sector by providing Aadhaarbased identity authentication and eSign services. The Company was originally setup as a depository in the year 1995. It was responsible for creating a systemically important national infrastructure for capital market development in India which includes the alldepository broker backbone. Subsequently it was separated as a technology enabling company. It has been the chief architect and implementer for some of the most critical and large scale technology infrastructure projects. It implemented and managed 18 projects spread across seven ministries and autonomous bodies ushering change in public delivery of services like Ministry of Finance Ministry of Information and Broadcasting Ministry of Education Ministry of Skill Development and Entrepreneurship Ministry of Communications and Ministry of Electronics and Information Technology.In 2004 the Company implemented Tax Information Network. It introduced Online Tax Accounting System. It launched PAN card services in 2005. In 2007 it signed a Memorandum of Understanding with the Income Tax Department for establishing an internetbased service for verification of PAN by authorised entities. It introduced Central Record keeping Agency System in 2008.In 2009 the Company launched New Pension System NPS to all citizens except government employees covered by NPS. It executed an agreement with the Income Tax Department for extension of services pertaining to TIN for a period of three years. In 2011 the Company was appointed as Registrar for Unique Identification Authority of India.In year 2012 NSDL Depository Limited an erstwhile whollyowned subsidiary of Company and the Company filed a Scheme of Arrangement before the High Court of Judicature at Bombay to demerge the depository business and undertaking of the Company Transferor Company and vest in NSDL Depository Limited Transferee Company. Pursuant to Scheme of Arrangement the depository undertaking i.e. the business of Transferor Company engaged in providing depository services transferred and vested in the Transferee Company as a going concern. The Scheme was approved by the High Court of Judicature at Bombay dated November 2 2012. The Transferee Company in consideration of demerger issued and allotted fully paidup equity shares on a proportionate basis to all the shareholders of Transferor Company on the following basis: for every 2 fully paidup equity shares of Rs 10 each held by the equity shareholders of the Transferor Company on the effective date 1 fully paidup equity share of Rs. 10 each of the Transferee Company. Further investment made by the Transferor Company in the Transferee Company stood cancelled. The Scheme of Arrangement came into effect from December 7 2012 and became operative from the Appointed Date April 1 2012.The Company launched eKYC services for ICICI Prudential Life Insurance in year 2014. It introduced an online platform for students Vidya Lakshmi Electronic Platform to avail education loan.In 2018 the Company launched Vidya Kaushal which facilitate skill development loans to students pursuing courses run by NSDC approved training partners. It launched the iKar application for Android and iOS users. It constructed a Modified Data Centre facility at Bangalore. In 2019 an agreement was executed with Income Tax Department to continue the business process of receipt of PAN applications and issuance of PAN cards. The Company is planning to raise capital from Public with an initial public offer of issuing 12080140 Equity Shares through Offer for Sale..

Share Price: ₹1849.75 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹7,450.30Cr as of today
Revenue: ₹219.70Cr as on September 2024 (Q3 24)
Net Profit: ₹28.04Cr as on September 2024 (Q3 24)
Chairperson Name: Shailesh V Haribhakti