NSE-Backed IT Company Bags Order Worth Rs 161,00,00,000 From CERSAI
The stock is up by 97 per cent from its 52-week low of Rs 918.80 per share. Investors should keep an eye on this small-cap stock.
Protean eGov Technologies Limited has been awarded a significant contract worth approximately Rs 161 crore by the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), a Government of India Undertaking. This contract mandates Protean eGov to serve as the System Integrator for the design, development, implementation, and ongoing operations & maintenance of the Central KYC Records Registry (CKYCRR 2.0). This domestic contract, spanning 69 months, positions Protean eGov as a key player in enhancing India's financial infrastructure and streamlining KYC processes.
Protean eGov Technologies, a leading player in the e-governance sector, has been at the forefront of digitizing India. Incorporated in 1995, the company has a rich history of developing and implementing innovative solutions that streamline government processes and enhance citizen services. With a strong focus on citizen-centricity and scalability, Protean eGov has successfully delivered numerous projects across various government ministries and autonomous bodies.
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The company's expertise lies in leveraging technology to transform traditional government services into efficient and accessible digital platforms. Its portfolio includes critical projects such as PAN card issuance, Aadhaar authentication, and the Central Pension System. Protean eGov's extensive network of service centers and strategic partnerships with key stakeholders enables it to reach a wide range of citizens, ensuring seamless delivery of government services. As a market leader in PAN services, the company has a significant market share and processes millions of applications annually. With a strong commitment to innovation and excellence, Protean eGov continues to play a pivotal role in shaping the future of e-governance in India.
The company has a market cap of over Rs 7,000 crore and NSE Investment Ltd owns a 20.31 per cent stake as of September 2024. The stock is up by 97 per cent from its 52-week low of Rs 918.80 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.