BSECompany Update6d ago · 5 Nov 2026, 05:04 pm
Investor Presentation
Protean eGov Technologies Ltd · 544021
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Protean eGov Technologies Ltd has released an investor presentation for the quarter and half year ended September 30, 2026, highlighting its operational and financial performance, strategic business levers, and growth prospects.
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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Protean eGov Technologies Ltd - 544021 - Announcement under Regulation 30 (LODR)-Investor Presentation
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Ref: Protean/Secretarial/2026-27/54
November 5, 2026
BSE Limited (“BSE”) National Stock Exchange of India
P.J. Towers, Dalal Street, Limited
Fort, Mumbai – 400 001 Exchange Plaza, C-1, Block G,
Bandra Kurla Complex, Bandra (E),
Scrip Code: 544021 Mumbai – 400051, India
Trading symbol: PROTEAN
Dear Sir/Madam,
Subject: Investor Presentation for the quarter and half year ended September 30, 2026
Pursuant to Regulation 30 read with Schedule III and other applicable provisions of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed
herewith Investor Presentation on Company’s Operational and Financial Performance for the
quarter and half year ended September 30, 2026.
This is for your information and records.
Thanking you,
Yours truly,
For Protean eGov Technologies Limited
Maulesh Kantharia
Company Secretary & Compliance Officer
FCS 9637
Encl.: As above
Protean eGov Technologies Limited
1st Floor, Times Tower, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013
CIN: L72900MH1995PLC095642 | T: +91 22 4090 4242| E: cs@proteantech.in | W: www.proteantech.in
DIGITAL
Q2 & H1FY27 Investor Presentation E
Index
A Company Overview
B Q2FY27 Update
C Strategic Business Levers:
1 Build & Operate Digital Public Infrastructure in India & Globally
2 Enabling Enterprise Digital Ecosystems
Protean eGov Technologies Limited I Investor Presentation 2026-27
Company Overview
01 Building Digital Trust for Billions - India and Beyond
02 Continued Momentum in India’s Digital Growth Story
03 Leader in providing Tax Services
04 Leader in providing Retiral Services
05 Sole entity providing all four foundational Identity Services
06 Building Aadhaar Seva Kendra’s across India
07 Protean is well positioned to Carpe-Diem
08 Uniquely Positioned for Future Growth
Immediate Strategic Priorities
Protean eGov Technologies Limited I Investor Presentation 2026-27
Immediate Strategic Priorities
Building Digital Trust for Billions - India and Beyond
Over 3 decades of experience in building Digital Public Infrastructure (DPI) Enabled 21+ nationally critical e-Governance stacks while
& developing innovative citizen-centric e-governance solutions working with several ministries across diverse sectors
Annuity & Transactional revenue with predictable stability
Protean eGov Technologies Limited I Investor Presentation 2026-27
Strategic Business Levers – The Three Pillars
Build& Operate Driving Enterprise Growth Global Expansion
Core DPI Through ‘Bundled’ Solutions Taking India Stack Global
‘DPI in a Box’
Population Scale
e-Governance Platforms Digital Identity and AI Powered Intelligence layer Digital ID
PAN Card Issuance Online PAN Digital Documentation Stack Taxation Services & ID
Tax Information Network Validation Digital Signing & Stamping
Central Recordkeeping
Authorised Service
Agency for NPS, APY & UPS CKYC Solution Stack Pension and Retirals
Agency for e-KYC, Auth
CKYC Registry 2.0
Certifying Authority Open Digital Stack
Aadhaar Card Issuance
Multi-Sectoral API Stack
for E-sign
DPI stacks for Insurance,
E-commerce, Agriculture, Account Aggregator Analytics powered by Enterprise Digital Ecosystems
Education & Health Identity 360
Global Monetisation of our India Capabilities
Continued Momentum in India’s Digital Growth Story
India’s Next-Generation Digital Growth Enablers
Demographic Shift Financialization Digitization
Enabling inclusion across age, income, and Accelerating formalization, compliance, Multisector scalable, interoperable digital
geography and capital access public infrastructure
• India’s population > 148 crore; over 60% still • Digital payment users at 50 crore • Internet penetration at 72% (107 crore users)
living outside major urban centers (34% penetration), +30.0% YoY growth
• QR code deployments rose ~92% YoY in FY25,
• India’s median population age below 30 • 11X growth in non-cash transactions from with over 75% of new installations in
years FY21 to FY26 Tier-2/3 cities
Population Growth Digital Personal & Consumerloans ($Bn) Internet Penetration
(in crore)
45% YoY growth in the number of digital loans Number of Users (in crore)
originated
Population Working Population
130 - 135
125 - 130
82% -85%
96 98 101 105 100 73%
46 - 50
20 - 22
143 144 145 146 148
2022 2025 2030
Online
FY22 FY23 FY24 FY25 FY26 11-13% 20-23% 38-42%
Share FY18 FY26 FY30P
Rising working age population Rising per capita income Increasing internet penetration
Rising tax-payer base Growth in household savings ..with rising volume of digital payments
Source – Multiple online research platforms and news articles.
Protean eGov Technologies Limited I Investor Presentation 2026-27
Leader in providing Tax Services
Stable recurring revenue potential backed by government mandates & rising compliance needs
Protean – Annual PAN Issued (in crore) Tax Services Revenue (₹ in crore)
Indian population
9% CAGR without a PAN card
9% CAGR
3.7 4.1 5.0 4.4 4.7
>5 crore
New bank accounts
53% 56% opened every year
487 498 ~1.2 crore
434 424
70% 366
47% 44% Youth enter the
workforce every year
FY22 FY23 FY24 FY25 FY26 >83 Lakhs
FY22 FY23 FY24 FY25 FY26
Offline Online
PAN Verifications
on a daily basis
In 2004,
Protean set up • Largest issuer of India’s ~7-8 ~59.6
Cr Cr 22 crore+
Digital Tax Identity
the Tax
• Prepaid B2C Protean Market Share
Information PAN cards issued Cumulative PAN cards in Cumulative Demat account
Network • Transactional Business per year issued till date PAN Issuance holders
Protean eGov Technologies Limited I Investor Presentation 2026-27
Leader in providing Retiral Services
CRA Services – No. of subscribers (in crore) CRA Services - Revenue (₹ in crore) ~54 cr Jan Dhan Accounts vs ~9.4
cr NPS + APY Accounts
17% CAGR
9% CAGR
NPS employer contribution
increased from 10% to 14%
under the new tax regime
8.2 304
7.2 283
6.2 253 Low Pension Coverage (AUM):
5.1 204
India’s ~ 14% of GDP vs ~ 90%+ in
OECD nations
FY22 FY23 FY24 FY25 FY26
FY22 FY23 FY24 FY25 FY26
Pension Penetration: 56% (US)
vs 12% (India) of workforce
Protean’s Dominant Position...
Underserved Market: NPS AUM
at ₹16 Tn vs ₹73.7 Tn in mutual
funds
PFRDA eases investment &
Built India’s First Digital India’s largest Focus on accelerating pension Dual revenue withdrawal norms; exit age
Pension Infrastructure – CRA with 97%+ market share adoption reflected in 17% stream – Transactional (8%) raised to 85 years
enabling seamless in NPS, APY and UPS CAGR & annuity (92%)
onboarding & servicing
Protean eGov Technologies Limited I Investor Presentation 2026-27
Sole entity providing all four foundational Identity Services
Preferred partner to BFSI for: e-Sign, e -KYC, Aadhaar Auth and OPV
Aadhaar Authentication Online Pan Verification Revenue – Identity Services
(IN CRORES) (IN CRORES) (₹ IN CRORES)
~17 lacs ~83 lacs
Transactions Transactions
per day per day
326.7 321.6 111
304.3 99
61.5 Dominant ~90% Market 92
56.5
market 241.3 Share
47.5 212.3 68
position
27.5 27.7 (among top
5 ASAs)
FY22 FY23 FY24 FY25 FY26
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26
Cumulative till date 428.4 Cr Cumulative till date 1,921.9 Cr
Growth Drivers
e-KYC Transactions e-Sign Transactions
• 1.3 Bn+ Mobile Connections with >75 crore
Smartphone Users in (FY26)
(IN CRORES) (IN CRORES)
~17 lacs ~4.6 lacs • ~107 crore internet users (FY26)
Transactions Transactions • 2.18 lakhs Village Councils connected to
per day per day Broadband (BharatNet)
61.0 15.8 15.4 16.7
50.9 51.2 Dominant Protean Rank • 80%+ Banking Penetration with 260 crore
market #1
10.1 accounts
position 8.2 in India
24.6
17.4 (among top 5 • >5 crore bank accounts opened per day with
KSAs)
Interoperable Banking Infra (CBS, NFS, AePS)
FY22 FY23 FY24 FY25 FY26
FY22 FY23 FY24 FY25 FY26
• 66.2 crore digital transactions in a day
Cumulative till date 304.6 Cr Cumulative till date 84.4 Cr
• 50 lakh crore cumulative DBT transfer since
Source: UIDAI Transaction volumes include internal services while *adjusted for revision in UIDAI Charges fr
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