Protean eGov Technologies Limited has announced that Sandeep Mantri, currently serving as Chief Financial Officer, will take on the expanded role of Chief Financial & Impact Officer (CFIO) effective August 4, 2025. This change follows the retirement of Dipali Sheth from her position as Chief Human Resource & Impact Officer on August 1, 2025. In his new role, Mantri will oversee financial aspects, Corporate Social Responsibility (CSR), and Impact functions. Mantri, an alumnus of Berkeley-Haas and IIM Calcutta, brings 24 years of experience across various sectors and expertise in areas such as digital transformation, financial controls, corporate governance, and strategic planning.
Protean e-Gov Technologies has won a Rs 100 crore contract from Bima Sugam India Federation to develop and maintain the Bima Sugam digital marketplace platform for insurance products. The contract, signed on June 9, 2025, spans 72 months. This project aims to revolutionize insurance buying and selling in India, aligning with the country's digital transformation efforts in financial services.
09Jun 25
Protean eGov Technologies Secures ₹100 Crore Contract from Bima Sugam India Federation
Protean eGov Technologies Limited has won a ₹100 crore work order from Bima Sugam India Federation (BSIF) to develop and maintain the Bima Sugam Marketplace, a digital insurance platform. The contract, secured through a competitive RFP process, spans 72 months and includes comprehensive development, implementation, support, and maintenance of the platform.
22May 25
Protean eGov Technologies Reports Q4 Profit Decline, Faces Setback in PAN 2.0 Project Bid
Protean eGov Technologies reported a 9.80% increase in Q4 revenue to ₹222.00 crore, but net profit dropped by 11.00% to ₹20.40 crore. The company's bid for the Income Tax Department's PAN 2.0 project was rejected, leading to significant stock price declines. This setback raises questions about the company's competitive positioning in the government technology solutions space.
Protean eGov Technologies announced its Q4 financial results, showing a 5.8% increase in net profit to ₹204.00 million. Revenue remained stable at ₹2.22 billion. However, EBITDA declined by 18.4% to ₹178.90 million, with the EBITDA margin dropping to 8.05%. The company recommended a final dividend of ₹10.00 per equity share.
21May 25
Protean eGov Technologies Stock Plunges as MIT Sells Stake Ahead of Q4 Results
Protean eGov Technologies' stock has fallen nearly 30% in two days due to multiple factors. MIT sold a 0.99% stake at ₹1,026 per share. The company was excluded from bidding for the Income Tax Department's PAN 2.0 project, raising concerns about future growth. Q4 results are due today, with investors closely watching for insights into the company's financial health amidst these challenges.
19May 25
NSDL Tech Subsidiary Expects No Immediate Impact on PAN Business
An executive from Protean eGov Tech, a subsidiary of NSDL Technology, has stated that the company does not anticipate any immediate impact on its Permanent Account Number (PAN) business. This statement suggests stability in the company's PAN-related services operations, which is a crucial part of India's financial infrastructure.
19May 25
Protean eGov Technologies Shares Plummet 20% Following PAN 2.0 Project Bid Rejection
Protean eGov Technologies' stock dropped 19.99% on NSE, closing at ₹1,143.20, following its elimination from the Income Tax Department's PAN 2.0 project bidding. The company stated the exclusion would have a 'limited impact' on existing PAN processing services, but the market reacted sharply, hitting the lower circuit. This development raises questions about the company's future prospects in the e-governance sector.