
About Protean Egov Technologies Limited
Data last updated:
Protean Egov Technologies Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 27 December 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L72900MH1995PLC095642. It is a listed company as per MCA records. Its shares are listed on BSE: 544021 and NSE: PROTEAN.
The company has an authorised share capital of ₹500 Cr and a paid-up capital of ₹40.62 Cr. It was formerly known as Nsdl E-Governance Infrastructure Limited and National Securities Depository Limited. It is led by directors including Ajay Rajan (Managing Director) and Easwaran Venkateswaran (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Times Tower 1st Floor Kamala Mills Compound Senapati Bapat Marg Lower Parel Mumbai, Maharashtra, India – 400013.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹997.75 Cr, a growth of 18.7% compared to the previous year. For the same year it recorded a net profit of ₹103.89 Cr (net margin 10.4%) and EBITDA of ₹110.82 Cr (EBITDA margin 11.1%). The net worth stands at ₹1,077.35 Cr (up 7.9% YoY). Total assets are valued at ₹1,185.96 Cr (up 8.9% YoY).
The company has about 1,967 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 6 brands, including Vidya Lakshmi, Protean PAN Services, Protean Tech, Central Record Keeping Agency, NSDL and others. Court records list 29 cases involving the company, including 5 filed by the company and 24 filed against it; 8 cases are pending. The company has 30 deals on record (19 market trades, 10 secondary share transfers, 1 ipo); the latest was in June 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website proteantech.in.
Company details
Name history
Protean Egov Technologies has undergone 2 name changes throughout its history. The company was previously known as Nsdl E-Governance Infrastructure Limited, and National Securities Depository Limited. The current legal name is Protean Egov Technologies Limited.
| Company Name | Status |
|---|---|
| Protean Egov Technologies Limited | Current |
| Nsdl E-Governance Infrastructure Limited | Previous |
| National Securities Depository Limited | Previous |
CIN history
Protean Egov Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L72900MH1995PLC095642, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72900MH1995PLC095642 | Current |
| U72900MH1995PLC095642 | Previous |
| U67120MH1995PLC095642 | Previous |
Contact details
Protean Egov Technologies Limited's registered office is in Mumbai, Maharashtra. Its website is proteantech.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTimes Tower 1st Floor Kamala Mills Compound Senapati Bapat Marg Lower Parel Mumbai, Maharashtra, India – 400013
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Protean Egov Technologies Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Protean Egov Technologies operates multiple associated brands including Vidya Lakshmi, Protean PAN Services, and Protean Tech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A web-based portal that simplifies education loan applications for students and institutions. | vidyalakshmi.co.in | |
| Digital public infrastructure and e-governance solutions are provided. | proteantech.in | |
| Securities depository and settlement service provider, facilitating the registration, transfer, and settlement of securities for investors, brokers, and other market participants | nsdl.co.in | |
| PAN card application and issuance services through an online platform. | protean-tinpan.com | |
| Pension accounts are accessed and managed via a dedicated platform. | cra-nsdl.com | |
| Potato farming, grain marketing, and equipment services in various regions. | vidyasaarathi.co.in |
Business activity
The main business activity of Protean Egov Technologies is information and communication. In detail, this covers information service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 63 | Information service activities |
To see the full business activity and turnover split of Protean Egov Technologies Limited, buy the company report.
Financials of Protean Egov Technologies Limited
FY 2025-26 filings availableProtean Egov Technologies Limited reported revenue of ₹997.75 Cr (up 18.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 998 | 841 | 882 | 742 | 691 | 603 | 716 |
| Revenue growth | +18.7% | -4.7% | +18.8% | +7.4% | +14.6% | -15.8% | - |
| EBITDA | 111 | 80.41 | 89.44 | 118 | 124 | 84.82 | 148 |
| EBITDA margin | +11.1% | +9.6% | +10.1% | +15.9% | +17.9% | +14.1% | +20.6% |
| Profit before tax | 130 | 118 | 128 | 140 | 186 | 116 | 157 |
| Net profit | 104 | 92.46 | 97.29 | 107 | 112 | 88.52 | 121 |
| Net profit margin | +10.4% | +11.0% | +11.0% | +14.4% | +16.3% | +14.7% | +16.9% |
| EPS (₹) | 24.76 | 22.80 | 24.05 | 26.48 | 35.64 | 22.99 | 30.30 |
| Balance sheet | |||||||
| Total assets | 1,186 | 1,089 | 970 | 880 | 816 | 688 | 779 |
| Net worth | 1,077 | 999 | 926 | 857 | 788 | 668 | 754 |
| Total debt | 87.49 | 68.53 | 20.79 | 7.92 | 11.68 | 6.19 | 13.90 |
| Cash & bank | 187 | 136 | 151 | 138 | 234 | 115 | 50.11 |
| Net working capital | 183 | 89.86 | 208 | 179 | 314 | 285 | 252 |
| Cash flow | |||||||
| Cash from operations | 78.47 | 193 | 57.54 | (7.90) | 10.94 | 100 | 53.86 |
| Cash from investing | (14.37) | (159) | 18.70 | 11.68 | (139) | 116 | (12.90) |
| Cash from financing | (53.87) | (42.24) | (47.45) | (1.31) | (1.19) | (183) | (39.31) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 271 | 251 | 308 | 229 | 250 | 211 | 222 | 202 |
| Revenue growth (YoY) | +8.1% | +19.0% | +38.4% | +13.1% | +14.0% | +7.3% | - | - |
| Other income | 19.10 | 15.40 | 15.31 | 14.42 | 14.60 | 28.52 | 16.54 | 18.81 |
| EBITDA | 24.35 | 12.42 | 37.24 | 27.84 | 29.33 | 16.41 | 17.89 | 15.78 |
| EBITDA margin | +9.0% | +4.9% | +12.1% | +12.2% | +11.7% | +7.8% | +8.1% | +7.8% |
| Depreciation | 19.12 | 17.53 | 14.06 | 11.27 | 10.38 | 11.04 | 8.10 | 5.81 |
| Interest | 3.07 | 2.65 | 2.08 | 1.57 | 1.51 | 1.52 | 1.09 | 0.26 |
| Profit before tax | 21.26 | 7.64 | 36.41 | 29.42 | 32.04 | 32.37 | 25.24 | 28.52 |
| Tax | 4.86 | 1.78 | 6.03 | 6.92 | 8.18 | 8.52 | 4.84 | 5.59 |
| Net profit | 16.40 | 5.86 | 30.38 | 22.50 | 23.86 | 23.85 | 20.40 | 22.93 |
| EPS (₹) | 4.02 | 1.43 | 7.46 | 5.52 | 5.85 | 5.85 | 5.00 | 5.61 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 996 | 841 | 881 | 742 | 691 | 603 | 716 |
| Revenue growth | +18.4% | -4.5% | +18.8% | +7.4% | +14.6% | -15.8% | - |
| EBITDA | 103 | 80.14 | 92.41 | 119 | 124 | 85.08 | 148 |
| EBITDA margin | +10.3% | +9.5% | +10.5% | +16.0% | +18.0% | +14.1% | +20.7% |
| Profit before tax | 124 | 119 | 131 | 141 | 186 | 116 | 157 |
| Net profit | 97.55 | 92.58 | 100 | 108 | 112 | 88.68 | 121 |
| Net profit margin | +9.8% | +11.0% | +11.4% | +14.5% | +16.3% | +14.7% | +16.9% |
| EPS (₹) | 23.22 | 22.83 | 24.81 | 26.61 | 35.62 | 23.03 | 30.30 |
| Balance sheet | |||||||
| Total assets | 1,186 | 1,094 | 974 | 882 | 813 | 692 | 779 |
| Net worth | 1,077 | 1,004 | 930 | 858 | 789 | 668 | 754 |
| Total debt | 87.49 | 68.53 | 20.79 | 7.92 | 0.00 | 0.00 | 13.90 |
| Cash & bank | 181 | 130 | 143 | 128 | 223 | 112 | 50.06 |
| Net working capital | 174 | 84.77 | 202 | 170 | 299 | 202 | 252 |
| Cash flow | |||||||
| Cash from operations | 85.25 | 195 | 60.03 | 138 | 94.52 | 100 | 53.78 |
| Cash from investing | (21.28) | (161) | 15.95 | (283) | 74.90 | 154 | (12.87) |
| Cash from financing | (53.87) | (42.24) | (47.45) | (44.29) | (33.63) | (183) | (39.31) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 270 | 250 | 309 | 228 | 250 | 210 | 224 | 202 |
| Revenue growth (YoY) | +8.4% | +19.3% | +37.9% | +13.1% | +13.7% | +7.0% | - | - |
| Other income | 19.29 | 15.62 | 15.99 | 14.50 | 14.68 | 28.61 | 17.09 | 16.35 |
| Total expenses | 247 | 238 | 283 | 202 | 218 | 191 | 207 | 186 |
| EBITDA | 23.88 | 12.11 | 25.44 | 26.85 | 31.63 | 18.77 | 16.23 | 16.24 |
| EBITDA margin | +8.8% | +4.8% | +8.2% | +11.8% | +12.7% | +8.9% | +7.3% | +8.0% |
| Depreciation | 18.92 | 17.32 | 13.86 | 11.07 | 10.17 | 10.84 | 7.97 | 5.81 |
| Interest | 3.07 | 2.65 | 2.08 | 1.57 | 1.51 | 1.52 | 1.09 | 0.26 |
| Profit before tax | 21.18 | 7.76 | 25.49 | 28.71 | 34.63 | 35.02 | 24.26 | 26.52 |
| Tax | 4.85 | 1.78 | 5.53 | 7.05 | 8.43 | 8.52 | 4.84 | 5.59 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 271 | 251 | 308 | 229 | 250 | 211 | 222 | 202 |
| Revenue growth (YoY) | +8.1% | +19.0% | +38.4% | +13.1% | +14.0% | +7.3% | - | - |
| Other income | 19.10 | 15.40 | 15.31 | 14.42 | 14.60 | 28.52 | 16.54 | 18.81 |
| EBITDA | 24.35 | 12.42 | 37.24 | 27.84 | 29.33 | 16.41 | 17.89 | 15.78 |
| EBITDA margin | +9.0% | +4.9% | +12.1% | +12.2% | +11.7% | +7.8% | +8.1% | +7.8% |
| Depreciation | 19.12 | 17.53 | 14.06 | 11.27 | 10.38 | 11.04 | 8.10 | 5.81 |
| Interest | 3.07 | 2.65 | 2.08 | 1.57 | 1.51 | 1.52 | 1.09 | 0.26 |
| Profit before tax | 21.26 | 7.64 | 36.41 | 29.42 | 32.04 | 32.37 | 25.24 | 28.52 |
| Tax | 4.86 | 1.78 | 6.03 | 6.92 | 8.18 | 8.52 | 4.84 | 5.59 |
| Net profit | 16.40 | 5.86 | 30.38 | 22.50 | 23.86 | 23.85 | 20.40 | 22.93 |
| EPS (₹) | 4.02 | 1.43 | 7.46 | 5.52 | 5.85 | 5.85 | 5.00 | 5.61 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 998 | 841 | 882 | 742 | 691 | 603 | 716 |
| Revenue growth | +18.7% | -4.7% | +18.8% | +7.4% | +14.6% | -15.8% | - |
| Other income | 72.85 | 68.18 | 67.57 | 41.67 | 79.27 | 49.05 | 38.49 |
| Total expenses | 887 | 760 | 793 | 624 | 567 | 518 | 568 |
| Employee cost | 233 | 189 | 175 | 123 | 78.68 | 75.27 | 68.63 |
| EBITDA | 111 | 80.41 | 89.44 | 118 | 124 | 84.82 | 148 |
| EBITDA margin | +11.1% | +9.6% | +10.1% | +15.9% | +17.9% | +14.1% | +20.6% |
| Depreciation | 46.75 | 27.82 | 27.48 | 18.29 | 17.00 | 17.28 | 27.46 |
| Interest | 6.68 | 2.34 | 1.67 | 0.93 | 0.48 | 0.94 | 1.62 |
| Profit before tax | 130 | 118 | 128 | 140 | 186 | 116 | 157 |
| Tax | 29.65 | 25.97 | 30.57 | 33.38 | 41.69 | 23.35 | 35.96 |
| Net profit | 104 | 92.46 | 97.29 | 107 | 112 | 88.52 | 121 |
| Net profit margin | +10.4% | +11.0% | +11.0% | +14.4% | +16.3% | +14.7% | +16.9% |
| EPS (₹) | 24.76 | 22.80 | 24.05 | 26.48 | 35.64 | 22.99 | 30.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 40.62 | 40.55 | 40.45 | 40.42 | 40.38 | 40.14 | 40.01 |
| Reserves & surplus | 1,037 | 958 | 886 | 817 | 748 | 628 | 714 |
| Shareholders' funds (net worth) | 1,077 | 999 | 926 | 857 | 788 | 668 | 754 |
| Minority interest | 0.00 | 0.00 | (0.19) | (0.19) | (0.19) | (0.18) | (0.18) |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 87.49 | 68.53 | 20.79 | 7.92 | 11.68 | 6.19 | 13.90 |
| Total debt | 87.49 | 68.53 | 20.79 | 7.92 | 11.68 | 6.19 | 13.90 |
| Total liabilities | 1,186 | 1,089 | 970 | 880 | 816 | 688 | 779 |
| Assets | |||||||
| Gross block | 445 | 403 | 315 | 270 | 257 | 233 | 229 |
| Net block | 167 | 153 | 86.01 | 63.31 | 64.54 | 56.81 | 63.56 |
| Capital work in progress | 19.48 | 10.58 | 13.10 | 11.43 | 4.49 | 1.42 | 5.43 |
| Investments | 638 | 661 | 550 | 529 | 364 | 285 | 406 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 205 | 144 | 189 | 209 | 200 | 198 | 211 |
| Cash & bank balances | 187 | 136 | 151 | 138 | 234 | 115 | 50.11 |
| Loans & advances | 79.74 | 27.17 | 82.77 | 56.06 | 52.33 | 146 | 152 |
| Total current assets | 471 | 307 | 423 | 402 | 486 | 459 | 413 |
| Total current liabilities | 288 | 218 | 215 | 224 | 172 | 174 | 161 |
| Net working capital | 183 | 89.86 | 208 | 179 | 314 | 285 | 252 |
| Total assets | 1,186 | 1,089 | 970 | 880 | 816 | 688 | 779 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 37.85 | 45.93 | 17.14 | 17.14 | 207 | 41.04 | 39.39 |
| Net cash from operating activities | 78.47 | 193 | 57.54 | (7.90) | 10.94 | 100 | 53.86 |
| Net cash from investing activities | (14.37) | (159) | 18.70 | 11.68 | (139) | 116 | (12.90) |
| Net cash from financing activities | (53.87) | (42.24) | (47.45) | (1.31) | (1.19) | (183) | (39.31) |
| Net change in cash | 10.23 | (8.08) | 28.79 | 2.47 | (129) | 32.42 | 1.65 |
| Closing cash | 187 | 136 | 151 | 138 | 234 | 115 | 50.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +18.7% | -4.7% | +18.8% | +7.4% | +14.6% | -15.8% | - |
| EBITDA growth | +37.8% | -10.1% | -24.2% | -4.7% | +46.0% | -42.6% | - |
| PBT growth | +10.0% | -7.4% | -8.9% | -24.4% | +60.5% | -26.4% | -12.9% |
| Net income growth | +12.4% | -5.0% | -9.1% | -4.8% | +27.0% | -27.0% | - |
| Revenue CAGR (3Y) | +10.4% | +6.8% | +13.5% | +1.2% | -2.9% | - | - |
| EBITDA CAGR (3Y) | -2.1% | -13.4% | +1.8% | -7.2% | -11.2% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +10.1% | +11.0% | +11.0% | +14.4% | +20.8% | +15.3% | +16.9% |
| Return on capital employed | +12.0% | +11.7% | +14.0% | +16.7% | +18.9% | +15.9% | +21.5% |
| Return on net worth | +9.7% | +9.6% | +10.9% | +13.0% | +15.5% | +13.0% | +17.1% |
| Debt / equity | 0.08 | 0.05 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 |
| Long-term debt / equity | 0.06 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest cover | 10.43 | 4.45 | 2.70 | 0.93 | 0.45 | 1.39 | 1.35 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.35 | 2.34 | 3.02 | 2.82 | 2.82 | 2.61 | 2.59 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 5.72 | 5.04 | 4.43 | 3.63 | 3.47 | 2.95 | 3.65 |
| EPS (₹) | 24.76 | 22.80 | 24.05 | 26.48 | 35.64 | 22.99 | 30.30 |
| Dividend per share (₹) | 10.00 | 10.00 | 10.00 | 10.00 | 45.00 | 0.00 | 0.00 |
| Book value per share (₹) | 265.23 | 246.31 | 228.97 | 212.05 | 195.17 | 166.38 | 188.38 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 270 | 250 | 309 | 228 | 250 | 210 | 224 | 202 |
| Revenue growth (YoY) | +8.4% | +19.3% | +37.9% | +13.1% | +13.7% | +7.0% | - | - |
| Other income | 19.29 | 15.62 | 15.99 | 14.50 | 14.68 | 28.61 | 17.09 | 16.35 |
| Total expenses | 247 | 238 | 283 | 202 | 218 | 191 | 207 | 186 |
| EBITDA | 23.88 | 12.11 | 25.44 | 26.85 | 31.63 | 18.77 | 16.23 | 16.24 |
| EBITDA margin | +8.8% | +4.8% | +8.2% | +11.8% | +12.7% | +8.9% | +7.3% | +8.0% |
| Depreciation | 18.92 | 17.32 | 13.86 | 11.07 | 10.17 | 10.84 | 7.97 | 5.81 |
| Interest | 3.07 | 2.65 | 2.08 | 1.57 | 1.51 | 1.52 | 1.09 | 0.26 |
| Profit before tax | 21.18 | 7.76 | 25.49 | 28.71 | 34.63 | 35.02 | 24.26 | 26.52 |
| Tax | 4.85 | 1.78 | 5.53 | 7.05 | 8.43 | 8.52 | 4.84 | 5.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 996 | 841 | 881 | 742 | 691 | 603 | 716 |
| Revenue growth | +18.4% | -4.5% | +18.8% | +7.4% | +14.6% | -15.8% | - |
| Other income | 73.78 | 68.44 | 67.66 | 41.17 | 78.80 | 49.02 | 38.49 |
| Total expenses | 894 | 761 | 788 | 623 | 567 | 518 | 568 |
| Employee cost | 227 | 188 | 172 | 121 | 78.69 | 75.27 | 68.63 |
| EBITDA | 103 | 80.14 | 92.41 | 119 | 124 | 85.08 | 148 |
| EBITDA margin | +10.3% | +9.5% | +10.5% | +16.0% | +18.0% | +14.1% | +20.7% |
| Depreciation | 45.94 | 27.69 | 27.48 | 18.28 | 16.84 | 17.28 | 27.47 |
| Interest | 6.68 | 2.34 | 1.67 | 0.93 | 0.48 | 0.94 | 1.62 |
| Profit before tax | 124 | 119 | 131 | 141 | 186 | 116 | 157 |
| Tax | 29.53 | 25.97 | 30.57 | 33.36 | 41.65 | 23.42 | 36.04 |
| Net profit | 97.55 | 92.58 | 100 | 108 | 112 | 88.68 | 121 |
| Net profit margin | +9.8% | +11.0% | +11.4% | +14.5% | +16.3% | +14.7% | +16.9% |
| EPS (₹) | 23.22 | 22.83 | 24.81 | 26.61 | 35.62 | 23.03 | 30.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 40.62 | 40.55 | 40.45 | 40.42 | 40.38 | 40.14 | 40.01 |
| Reserves & surplus | 1,036 | 963 | 890 | 818 | 748 | 628 | 714 |
| Shareholders' funds (net worth) | 1,077 | 1,004 | 930 | 858 | 789 | 668 | 754 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 87.49 | 68.53 | 20.79 | 7.92 | 0.00 | 0.00 | 13.90 |
| Total debt | 87.49 | 68.53 | 20.79 | 7.92 | 0.00 | 0.00 | 13.90 |
| Total liabilities | 1,186 | 1,094 | 974 | 882 | 813 | 692 | 779 |
| Assets | |||||||
| Gross block | 442 | 399 | 315 | 270 | 240 | 227 | 229 |
| Net block | 164 | 150 | 86.01 | 63.31 | 52.36 | 50.71 | 63.55 |
| Capital work in progress | 19.48 | 10.58 | 10.57 | 10.72 | 4.49 | 1.42 | 5.43 |
| Investments | 649 | 674 | 563 | 540 | 375 | 288 | 406 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 203 | 145 | 189 | 209 | 200 | 198 | 211 |
| Cash & bank balances | 181 | 130 | 143 | 128 | 223 | 112 | 50.06 |
| Loans & advances | 81.04 | 30.25 | 84.18 | 56.18 | 52.14 | 63.85 | 152 |
| Total current assets | 465 | 305 | 416 | 393 | 475 | 374 | 413 |
| Total current liabilities | 291 | 220 | 214 | 223 | 176 | 171 | 161 |
| Net working capital | 174 | 84.77 | 202 | 170 | 299 | 202 | 252 |
| Total assets | 1,186 | 1,094 | 974 | 882 | 813 | 692 | 779 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 37.35 | 45.60 | 17.07 | 206 | 70.46 | 40.99 | 39.39 |
| Net cash from operating activities | 85.25 | 195 | 60.03 | 138 | 94.52 | 100 | 53.78 |
| Net cash from investing activities | (21.28) | (161) | 15.95 | (283) | 74.90 | 154 | (12.87) |
| Net cash from financing activities | (53.87) | (42.24) | (47.45) | (44.29) | (33.63) | (183) | (39.31) |
| Net change in cash | 10.10 | (8.25) | 28.53 | (189) | 136 | 71.17 | 1.60 |
| Closing cash | 181 | 130 | 143 | 128 | 223 | 112 | 50.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +18.4% | -4.5% | +18.8% | +7.4% | +14.6% | -15.8% | - |
| EBITDA growth | +28.1% | -13.3% | -22.3% | -4.1% | +45.8% | -42.5% | - |
| PBT growth | +4.5% | -9.5% | -7.1% | -24.0% | +60.1% | -26.3% | -13.5% |
| Net income growth | +5.4% | -7.7% | -6.7% | -4.3% | +26.7% | -26.9% | - |
| Revenue CAGR (3Y) | +10.3% | +6.8% | +13.5% | +1.2% | -3.0% | -12.4% | - |
| EBITDA CAGR (3Y) | -4.8% | -13.6% | +2.8% | -7.0% | -9.5% | -22.2% | - |
| Profitability & leverage | |||||||
| Net income margin | +9.5% | +11.0% | +11.4% | +14.5% | +20.8% | +15.3% | +16.9% |
| Return on capital employed | +11.5% | +11.7% | +14.3% | +16.7% | +18.9% | +15.9% | +21.9% |
| Return on net worth | +9.1% | +9.6% | +11.2% | +13.1% | +15.4% | +13.0% | +17.1% |
| Debt / equity | 0.07 | 0.05 | 0.02 | 0.00 | 0.00 | 0.01 | 0.01 |
| Long-term debt / equity | 0.06 | 0.04 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 11.77 | 4.46 | 2.57 | 0.92 | 0.45 | 1.39 | 1.35 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.37 | 2.35 | 3.01 | 2.91 | 2.96 | 2.65 | 2.73 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 5.74 | 5.04 | 4.43 | 3.63 | 3.47 | 2.95 | 3.65 |
| EPS (₹) | 23.22 | 22.83 | 24.81 | 26.61 | 35.62 | 23.03 | 30.30 |
| Dividend per share (₹) | 10.00 | 10.00 | 10.00 | 10.00 | 35.00 | 0.00 | 0.00 |
| Book value per share (₹) | 265.13 | 247.47 | 229.98 | 212.31 | 195.31 | 166.50 | 188.40 |
To see the full year-wise statements and ratios of Protean Egov Technologies Limited, buy the company report.
Board of directors of Protean Egov Technologies Limited
Protean Egov Technologies has 8 current directors and 47 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhaya Prasad Hota Also directs: NSE Clearing Limited, Cashfree Payments India Private Limited, Reserve Bank Innovation Hub and 2 more | Director | 16 Sep 2019 | 7 Years 1 Months | Current |
| Shailesh Vishnubhai Haribhakti | Director | 23 May 2012 | 14 Years 5 Months | Current |
| Lloyd Mathias | Director | 28 Jun 2022 | 4 Years 4 Months | Current |
| Shailesh Sharad Kekre Also directs: Protean Account Aggregator Limited, Budhyati Ventures LLP, Eclerx Services Limited and 2 more | Director | 31 May 2022 | 4 Years 5 Months | Current |
| Aruna Krishnamurthy Rao Also directs: Kotak Mahindra Investments Limited, Truhome Finance Limited, Protean Account Aggregator Limited and 1 more | Director | 31 Mar 2023 | 3 Years 7 Months | Current |
| Easwaran Venkateswaran | Whole-Time Director | 17 Dec 2025 | 0 Years 10 Months | Current |
Auditor
Protean Egov Technologies Limited is audited by B S R & Associates LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Associates LLP | FY 2025 | 116231W/W-100024 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 0.00%, foreign institutional investors hold 6.00%, domestic institutional investors hold 21.20% and retail and other public shareholders hold 72.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 100.00% | 100.00% | 100.00% | 100.00% |
Deals & funding
Protean Egov Technologies Limited has 30 deals on record (19 market trades, 10 secondary share transfers, 1 ipo); the latest was in June 2026.
Deals on record (5 of 30)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Market trade | ₹18.86 Cr | Buyer: Qe Securities LLP Seller: Qe Securities LLP |
| Aug 2025 | Market trade | ₹18.71 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2025 | Market trade | ₹175.74 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited , Qe Securities LLP Seller: Graviton Research Capital LLP , Hrti Private Limited , Qe Securities LLP |
| Aug 2025 | Market trade | ₹46.87 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited Seller: Graviton Research Capital LLP , Hrti Private Limited |
| May 2025 | Market trade | ₹142.27 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited , NK Securities Research Private Limited Seller: Graviton Research Capital LLP , Massachusetts Institute of Technology, Hrti Private Limited |
To see the full deal history of Protean Egov Technologies Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Protean Egov Technologies Limited has 29 court cases on record: 5 filed by Protean Egov Technologies, 24 filed against it. 8 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 12 | 4 |
| District courts | 10 | 10 | 4 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Alankit Ltd. | Disposed |
| High Court | Court case (CARBP) | Filed by the company against Alankit Limited and 1 other | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Alankit Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Skorydov Systems Private Limited | Disposed |
| High Court of Kerala | Writ petition | Filed against the company | Pending |
To see the full case history of Protean Egov Technologies Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Protean Egov Technologies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Protean Egov Technologies has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| NSDL E-Governance Account Aggregator Limited | U67200MH2020PLC349258 | |
| Protean Infosec Services Limited | U72900MH2021PLC368593 |
To see the full group structure of Protean Egov Technologies Limited, buy the company report.
Employees & EPFO
Protean Egov Technologies Limited has a workforce of 1,967 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,967 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Protean Egov Technologies Limited, buy the company report.
GST
No GST registration is on our record for Protean Egov Technologies Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Protean Egov Technologies Limited has 56 board changes on record since 2007: 11 appointments and 45 cessations. The latest: Ajay Rajan was appointed as Managing Director on 01 Jun 2026.
47 earlier events are in the company report.
News
Frequently asked questions
Protean Egov Technologies is an active public limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 27 December 1995 (31+ years old) and is registered under CIN L72900MH1995PLC095642. Listed on BSE: 544021 and NSE: PROTEAN.
Protean Egov Technologies reported revenue of ₹997.75 Cr for FY 2025-26 (up 18.7% YoY) based on consolidated financials.
Protean Egov Technologies has 8 current directors:
- Ajay Rajan - Managing Director
- Easwaran Venkateswaran - Whole-Time Director
- Abhaya Prasad Hota - Director
- Shailesh Vishnubhai Haribhakti - Director
- Lloyd Mathias - Director
- Shailesh Sharad Kekre - Director
- Aruna Krishnamurthy Rao - Director
- Nandkumar Saravade - Director
The latest financial statements of Protean Egov Technologies on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Protean Egov Technologies is L72900MH1995PLC095642. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Protean Egov Technologies is a listed company as per MCA records. Its shares are listed on both BSE (code: 544021) and NSE (symbol: PROTEAN).
Protean Egov Technologies has 29 court cases on record: 5 filed by the company and 24 filed against it. 8 are pending. Most are in the high courts.
Protean Egov Technologies was incorporated on 27 December 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Protean Egov Technologies has 30 deals on record (19 market trades, 10 secondary share transfers, 1 ipo); the latest was in June 2026.
Ajay Rajan was appointed as Managing Director on 01 Jun 2026. Nandkumar Saravade was appointed as Director on 01 Jun 2026. Easwaran Venkateswaran was appointed as Whole-Time Director on 17 Dec 2025. Protean Egov Technologies has 56 board changes on record in total.

