Protean e-Gov Technologies Limited (NSE: PROTEAN, BSE: 544021) has announced a significant addition to its leadership team. The company's Board of Directors has approved the appointment of Dr. Harpreet Singh Anand as Executive Vice President and Chief Human Resources Officer (CHRO), effective August 26, 2025.

Key Appointment Details

Dr. Harpreet Singh Anand's Profile

Dr. Anand brings over two decades of leadership experience in Human Resources across various sectors:

• Previous Role: Head of Human Resources at Kotak Life Insurance
• Past Positions: Senior leadership roles at Jio Tesseract, India Post Payments Bank, Aditya Birla Capital, and Pramerica Life Insurance
• Education:
  • Honorary Doctorate in Human Resource Management from Cambridge Digital University, USA
  • B.Tech in Plastics & Polymers from Amravati University
• Additional Qualifications:
  • Certified Coach by ICF
  • Multiple industry certifications in HR, financial markets, and leadership

Areas of Expertise

Dr. Anand's extensive experience covers:

• HR digitization
• Cultural transformations
• Performance management systems
• Strategic workforce planning
• Compensation and benefits
• HR analytics
• Organizational development
• Leadership development

Role and Responsibilities

In his new position as CHRO at Protean eGov Technologies, Dr. Anand will be responsible for:

• Leading People Strategy
• Performance Management
• Total Rewards
• Talent Acquisition
• Employee Experience
• Administration & Infrastructure
• Digital HR Transformation

His focus will be on aligning organizational priorities with evolving employee expectations, driving digital HR adoption, enhancing employee productivity, and implementing future-ready people practices.

This strategic appointment underscores Protean eGov Technologies' commitment to strengthening its leadership team and enhancing its human resources capabilities. Dr. Anand's extensive experience and expertise are expected to contribute significantly to the company's growth and organizational development strategies.

Protean e-Gov Technologies (NSDL) , a key player in India's digital public infrastructure space, has reported a strong start to the fiscal year with robust financial performance in the first quarter.

Financial Highlights

• Revenue from operations increased by 7% year-on-year to ₹211.00 crores
• EBITDA surged by 31% to ₹45.00 crores, with margin expansion of 284 basis points to 18.80%
• Profit after tax (PAT) grew by 13% to ₹24.00 crores, achieving a PAT margin of 10.00%
• The company maintains a strong balance sheet with over ₹800.00 crores in cash and cash equivalents and zero debt

Business Segment Performance

Central Recordkeeping Agency (CRA) Services

• Recorded a healthy 16% year-on-year revenue growth
• Added 32.40 lakh new subscribers, capturing a significant 98% market share in new additions
• Onboarded 753 new corporates during the quarter
• Maintains a dominant 97% market share across NPS and APY

Tax Services

• Revenue grew by 2% year-on-year
• Market share increased by 80 basis points to 59%
• Issued approximately 1.00 crore PAN cards, with 54% being paperless issuances

Identity Services

• Experienced robust volume growth across most products
• Revenue impacted by slab-based pricing and competitive pressures at the foundational level
• Value-added offerings like eSignPro and RISE with Protean showing promising traction

Strategic Developments

1. Bima Sugam Mandate: Secured a significant ₹100.00 crore mandate from Bima Sugam India Federation to develop insurance digital public infrastructure.

2. Partnership with NITI Aayog: Signed a Statement of Intent to strengthen financial inclusion by promoting financial literacy and APY adoption in 64 aspirational districts.

3. Unified Pension Scheme (UPS): Successfully developed and deployed the UPS platform for central government employees.

4. Growing Order Book: The company's order book from RFP-led businesses exceeds ₹300.00 crores, including projects like CERSAI, CKYCRR 2.0, and Bima Sugam.

Management Commentary

Suresh Sethi, Managing Director of Protean eGov Technologies, stated, "Protean continues to retain its position as a leader in the Digital Public Infrastructure space, delivering yet another resilient quarter. Our partnership with NITI Aayog will further strengthen financial inclusion in Aspirational Districts and is a significant step towards empowering vulnerable sections of the society and enhancing their financial security."

Future Outlook

The company remains optimistic about its growth prospects, supported by:

• Continued momentum in core businesses (Tax, Pension, Identity)
• High growth potential in new verticals like Cloud, Open Digital Ecosystems, and Data Stack
• Focus on innovation and financial inclusion
• Strong pipeline of turnkey businesses and RFP-led opportunities

Protean eGov Technologies is well-positioned to capitalize on India's growing digital economy and the government's push towards digitization and financial inclusion.

Awards and Recognition

The company received two awards at the ET Brand Disruption Awards, reinforcing its position as a leader in the DPI space.

As Protean eGov Technologies continues to strengthen its role in India's digital transformation journey, it remains committed to delivering long-term value to all stakeholders through innovation, scale, and financial inclusion initiatives.