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Company Information

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PROTEAN EGOV TECHNOLOGIES LTD.

29 May 2025 | 03:09

Industry >> IT Enabled Services

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ISIN No INE004A01022 BSE Code / NSE Code 544021 / PROTEAN Book Value (Rs.) 234.02 Face Value 10.00
Bookclosure 06/09/2024 52Week High 1535 EPS 22.80 P/E 43.29
Market Cap. 4002.38 Cr. 52Week Low 946 P/BV / Div Yield (%) 4.22 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was originally incorporated as `National Securities Depository Limited' on December 27, 1995 as a public limited company under the Companies Act, 1956, and was granted the certificate of incorporation by the RoC. Our Company was issued a certificate for commencement of business dated February 8, 1996 by the RoC. Pursuant to the Scheme of Arrangement, the name of our Company was changed from `National Securities Depository Limited' to `NSDL e-Governance Infrastructure Limited' and fresh certificate of incorporation was issued on December 19, 2012 by the RoC. The name of our Company was changed from `NSDL e-Governance Infrastructure Limited' to `Protean eGov Technologies Limited' pursuant to a shareholders' resolution dated October 28, 2021, to represent the full gamut of products and service offerings of the Company in the space of information technology solutions and extension into new markets, sectors and geographies, and a fresh certificate of incorporation was granted by the RoC on December 8, 2021.

Major events and milestones:
2004
 Launch of Online Tax Accounting System
 Launch of Tax Information Network

2005
 Launch of PAN card services

2007
 Entered into a Memorandum of Understanding with the Income Tax Department for establishing an internet-based service for verification of PAN by authorised entities July 16, 2007

2008
 Launch of Central Recordkeeping Agency System

2009
 Launch of New Pension System (NPS) to all citizens except government employees covered by NPS
 Executed an agreement dated October 8, 2010 effective from April 1, 2009 with the Income Tax Department for extension of services pertaining to TIN which was valid for a period of three years

2011
 Selected by GOI for its Goods and Services Tax Common Integrated Portal, Pilot project
 Appointed as Registrar for Unique Identification Authority of India
 Launch of Central Recordkeeping Agency - National Pension System corporate sector model

2012
 Release of `Corporate Module though `Point of Presence' was released in the CRA system

2014
 Implementation of National Judicial Reference System on behalf of Income Tax Department
 Launch of e-KYC services for ICICI Prudential Life Insurance customer

2015
 Launch of "Vidya Lakshmi Electronic Platform" - an online platform for students to avail education loan
 Agreement dated June 8, 2015 with CtrlS Datacentres Limited (CtrlS) for hosting and maintaining NJRS Infrastructure which was valid till June 8, 2020.

2016
 License granted by the Controller of Certifying Authorities, Government of India, to act as a certifying authority under Section 21 of Information Technology Act, 2000;
 Appointed as the implementation agency by "Central Board of Film Certification" for hosting and maintaining Central Board of Film Certification web based application and website at datacentre and disaster recovery centre

2017
 Executed an agreement dated September 22, 2017 with Goods and Services Tax Network ("GSTN") to act as GST Suvidha Provider and provide its services to the taxpayers which is valid till September 22, 2025
 Shortlisted as GST Suvidha Provider by GSTN for implementing GST across the country
 Processed over 12 million requests for Aadhaar authentication in a single day
 Processed approximately two million requests for e-KYC transactions in a single day

2018
 Launch of "Vidya Kaushal" - facilitate skill development loans to students pursuing courses run by NSDC approved training partners
 Launched the iKar application for Android and iOS users
 Awarded the contract for providing system integrator services for design, development, implementation and maintenance of Revenue Management System for Department of Telecommunications
 Constructed a Modified Data Centre facility at Bangalore

2019
 Executed an agreement dated June 13, 2019 with Income Tax Department to continue the business process of receipt of PAN applications and issuance of PAN cards which was valid till September 30, 2019.

2020
 Crossed over 2.5 million cumulative student registrations on electronic education funding platforms (Vidya Lakshmi and Vidyasaarathi)
 Incorporated our Subsidiary Protean Account Aggregator Limited (formerly known as NSDL e-Governance Account Aggregator Limited) which is engaged in the business of an account aggregator

2021
 Incorporated our Subsidiary, Protean InfoSec Services Limited (formerly known as NSDL e-Governance Infosec Services Limited) in the business of providing information security/ cyber security
 Crossed 100 million e-Sign transactions in Fiscal 2021
 NPS - CRA crossed overall subscriber base of over 40 million

2022
 Launched Protean Cloud Technology an AI-powered private cloud offering
 Invested 100 million in Open Network for Digital Commerce
 Entered into partnerships with distribution networks such as Nearby Technologies Private Limited and Fino Payments Bank Limited

2023
 Renewed agreement with Income Tax Department to continue the business process of receipt of PAN applications and issuance of PAN cards, on September 11, 2023 which is valid till March 31, 2024
 NPS - CRA crossed overall subscriber base of over 64 million