Protean eGov Technologies Ltd.PROTEAN₹882.95 +7.77%

Protean eGov Technologies Ltd. announced a ₹1,160 crore work order from the Unique Identification Authority of India (UIDAI). The mandate, spread over six years, involves establishing and operating 188 district-level Aadhaar Seva Kendras (ASKs) across India. These centres will deliver core Aadhaar services, including enrolments, updates, and related citizen-facing functions.

The project highlights the government’s continued focus on strengthening the Aadhaar ecosystem, while also reinforcing Protean’s position as a trusted partner in building and managing citizen-scale digital platforms. For Protean, the order provides significant revenue visibility and underlines its role as an execution leader in outsourced delivery of public services. The scale of the engagement, spanning multiple districts and handling millions of transactions, is expected to add both volume and strategic relevance to the company’s identity services portfolio.

The contract award comes at a time when Protean has been steadily expanding its footprint in Digital Public Infrastructure. The company has partnered with NITI Aayog to advance financial inclusion through pension schemes in aspirational districts and recently secured a ₹100 crore mandate to build a first-of-its-kind insurance marketplace under Bima Sugam. Together with the UIDAI project, these initiatives signal a robust pipeline of opportunities that align with national digital transformation priorities.

About the Company

Protean eGov Technologies Ltd. is a pioneer in building Digital Public Infrastructure across taxation, identity, and social security for over three decades. In Q1 FY26, it reported revenue of ₹211 crore, EBITDA of ₹45 crore with an 18.8% margin, and profit after tax of ₹24 crore. Key segments such as CRA services delivered double-digit growth, while tax services continued to gain market share. With an expanding presence in insurance, e-commerce, mobility, and health, Protean remains positioned as one of India’s leading enablers of large-scale digital ecosystems.

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 2:40 pm.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887, and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst, and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.