Protean e-Gov Technologies Limited has secured a significant contract worth Rs. 1,370 crore (including GST) from the Unique Identification Authority of India (UIDAI) to establish and operate Aadhaar Seva Kendras (ASKs) in 188 districts across India. This six-year engagement positions Protean as a key player in scaling up critical national IDs in the country.

Contract Details

Project Highlights

• Protean will manage the complete setup and daily operations of the ASKs
• The contract covers 188 out of 471 total districts in the current mandate
• BLS International secured the remaining districts in a separate contract
• The project is expected to generate Rs. 180.00-190.00 crores annually once fully scaled

Financial Impact

• Revenue contribution projected to begin from Q3 FY2026
• Full scale-up expected within 6-12 months
• The project is anticipated to be EBITDA-accretive with minimal CAPEX requirements

Operational Model

• Transaction-based revenue model
• Pricing regulated by UIDAI, with potential inflation-based increases every two years
• Funds will flow from UIDAI to Protean on a monthly basis based on transaction volumes

Strategic Importance

Suresh Sethi, Managing Director and CEO of Protean e-Gov Technologies, stated, "This is indeed a historic win for us and uniquely positions Protean as the only company contributing towards scaling up two of our critical national IDs for the country."

The Aadhaar Seva Kendras will play a crucial role in:

• Providing services for new births
• Mandated biometric updates at ages 5 and 15
• Addressing existing pendencies
• Facilitating demographic updates

Market Impact

This contract win strengthens Protean's position in the e-governance sector and expands its service portfolio. The company's experience in delivering citizen services at a national scale, combined with its existing PAN and pension services networks, is expected to contribute to the successful execution of this project.

As the project scales up, it has the potential to significantly impact Protean's revenue and profitability in the coming years, while also playing a crucial role in India's digital transformation journey.

Protean e-Gov Technologies Limited has announced a significant development in its business operations. The company has secured a substantial work order from the Unique Identification Authority of India (UIDAI), marking a major milestone in its role in India's digital infrastructure development.

Contract Details

Protean eGov Technologies received a work order valued at approximately INR 1160.00 crores from UIDAI. This contract, which excludes taxes, involves the establishment and operation of District Level Aadhaar Seva Kendras (ASKs) across 188 districts in India. The project's scope includes:

• Setting up and running Aadhaar Seva Kendras in designated districts
• Providing appointment-based and walk-in Aadhaar enrollment services
• Offering Aadhaar update facilities
• Delivering other miscellaneous Aadhaar-related services

Project Duration and Scope

The contract is set for a duration of six years, highlighting the long-term nature of this engagement. As a domestic outsourcing project for public service delivery, it underscores the government's commitment to enhancing accessibility to Aadhaar services across the country.

Financial Implications

The size of this order, at INR 1160.00 crores (exclusive of taxes), represents a significant boost to Protean eGov Technologies' order book. This contract is likely to have a positive impact on the company's financial performance over the coming years.

Regulatory Compliance

In compliance with SEBI regulations, Protean eGov Technologies has made the necessary disclosures to the stock exchanges. The company confirmed that this contract does not fall under related party transactions and that no promoter or group companies have any interest in UIDAI.

Market Impact

This development is expected to be viewed positively by investors, as it demonstrates Protean eGov Technologies' strong position in the e-governance and digital services sector. The contract not only provides a steady revenue stream for the next six years but also reinforces the company's role in India's digital identity infrastructure.

The successful securing of this contract highlights Protean eGov Technologies' capabilities in handling large-scale government projects and its growing importance in the implementation of digital governance initiatives in India.