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Protean eGov Technologies Ltd
BSE:544021

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Protean eGov Technologies Ltd
BSE:544021
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Price: 768.9 INR 2.3% Market Closed
Market Cap: 31.2B INR

Protean eGov Technologies Ltd
Investor Relations

Protean eGov Technologies Ltd is a IN-based company operating in IT Services industry. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2023-11-13. Protean eGov Technologies Ltd is an India-based Information technology (IT)-enabled solutions company. The company is engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government creates digital public infrastructure and developing citizen-centric e-governance solutions. The firm has managed 19 projects spread across seven ministries and autonomous bodies ushering change in public delivery of services. The Company’s diversified service offerings are spread across sectors such as tax administration, pension record keeping solutions, national identity and identity authentication solutions, education and skill financing solutions. Its offerings cater to multiple target groups and customer segments including businesses and retail consumers. Through its business-to-government services, it offers services like Tax Information Network (TIN) System, and National Pension Scheme (NPS).

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 7, 2025
AI Summary
Q2 2026

Strong Revenue Growth: Quarterly revenue from operations rose 19% quarter-on-quarter and 14% year-on-year, driven by CRA services and new business streams.

Margin Moderation: EBITDA margin was 16.6%, down 280 basis points year-on-year due to investments in RFP-led businesses and international expansion.

New Business Impact: New business streams contributed 12% of first-half operating revenue, up from 4% last year, with CERSAI and Bima Sugam projects being key drivers.

Aadhaar Seva Kendra Mandate: Secured a major INR 1,370 crore order from UIDAI to establish Aadhaar Seva Kendras, expected to generate INR 200 crores annual recurring revenue once fully operational.

Order Book Strength: RFP-led order book now exceeds INR 1,600 crores—about twice annual revenue—providing strong growth visibility.

Market Leadership: Protean maintains 98% share in pension subscriber base and 58% in tech services for PAN issuance.

Margin Outlook: Management expects margins to improve as new business and Aadhaar revenues ramp up over the next few quarters.

Guidance on New Businesses: New businesses expected to contribute 25% of revenues over the next 2-3 years, with margin expansion anticipated as these mature.

Key Financials
Revenue from Operations
INR 251 crores
EBITDA
INR 44 crores
EBITDA Margin
16.6%
Profit After Tax
INR 24 crores
PAT Margin
9.1%
Cash and Cash Equivalents (including marketable securities)
INR 800 crores+
Tech Services Revenue
INR 107 crores
CRA (Pension) Revenue
INR 78 crores
Identity Services Revenue
INR 22 crores
New Business Revenue
INR 43 crores
New Business Revenue Share (H1)
12%
Order Book
INR 1,600 crores
Aadhaar Seva Kendra Order Value
INR 1,370 crores
PAN Cards Issued (Quarter)
1 crore
CRA New Subscribers Onboarded (Quarter)
41 lakh
Other Earnings Calls

Management

Mr. Suresh Kumar Sethi
MD, CEO & Director
No Bio Available
Mr. Jayesh Waman Sule
COO & Whole Time Director
No Bio Available
Mr. Dattaram Sadanand Mhadgut
Chief Technology Officer
No Bio Available
Mr. Dharmesh Parekh
Chief Information Officer
No Bio Available
Mr. Kapil Kapoor
Chief Risk & Compliance Officer
No Bio Available
Mr. Gaurav Ramdev
Chief Growth & Marketing Officer
No Bio Available
Ms. Dipali Hemant Sheth
Chief Human Resources & Impact Officer
No Bio Available
Mr. Tejas Desai
Group Head of Internal Audit
No Bio Available
Mr. Metesh Devendra Singh Bhati
Chief Digital & AI Officer
No Bio Available
Mr. Bertram D'Souza
Chief Product & Innovation Officer
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
Lower Parel,, Times Tower, 1st Floor, Kamala Mills Compound,
Contacts
+912240904242
www.egov-nsdl.co.in