Protean eGov Technologies Ltd. Company History and Annual Growth Details

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