Protean PAN Services

Mumbai, India Founded: 2017 • Age: 9 yrs Listed
PAN card application and issuance services through an online platform.

About Protean PAN Services

Protean PAN Services is a publicly listed company based in Mumbai (India) founded in 2017. PAN card application and issuance services through an online platform. The company has 1,967 employees. Its Indian entity Protean Egov Technologies Limited reported revenue of β‚Ή1,071 Cr. Protean PAN Services offers products and services including PAN Card Application and Online Platform Access. Its focus areas include Financial Services, Tax and Identity Management, Document Issuance and PAN Card Services.

Company details

Protean PAN Services is employed as a platform for the application and issuance of PAN cards, which are essential for tax purposes in India. The service is designed to process requests efficiently, with JavaScript required for proper operation of the application. It supports individuals in managing their tax identification documentation through a digital interface. As a component of financial services, it aids in compliance by streamlining the submission and delivery of PAN cards. The platform is maintained to ensure security and accessibility, contributing to effective administrative processes in taxation.

Key Metrics
  • Market Cap
    ₹2,723 Cr

    PROTEAN · NSE

  • Share Price
    ₹670.15

    +0.37% today

  • Revenue
    ₹998 Cr

    FY 2025-26 · +18.7% YoY

  • EBITDA
    ₹111 Cr

    Margin 11.1%

  • Net Profit
    ₹104 Cr

    FY 2025-26 · +12.4% YoY

  • P/E (TTM)
    34.4x

    P/B 2.5x

  • ROE
    9.7%

    ROCE 12.0%

  • Debt / Equity
    0.08

    Interest cover 10.4x

  • Employee Count
    1,967

Products & Services of Protean PAN Services

Protean PAN Services offers a comprehensive portfolio of products and services, including PAN Card Application and Online Platform Access.

PAN Card Application
Financial Services

Services for the application and issuance of PAN cards are offered to facilitate tax compliance.

Online Platform Access
Digital Services

An online platform is provided for accessing PAN services, where JavaScript is utilized to support functionality.

Board of directors of Protean Egov Technologies Limited (Protean PAN Services)

Protean Egov Technologies Limited is the primary company behind Protean PAN Services. The board of Protean Egov Technologies Limited currently have 8 directors; the longest-serving is Shailesh Vishnubhai Haribhakti, appointed in 2012. 48 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Shailesh Vishnubhai Haribhakti
DIN 00007347
Director23 May 201214 yrs 5 moProtean Egov Technologies Limited
Abhaya Prasad Hota
DIN 02593219
Director16 Sep 20197 yrs 1 moProtean Egov Technologies Limited
Shailesh Sharad Kekre
DIN 07679583
Director31 May 20224 yrs 5 moProtean Egov Technologies Limited
Lloyd Mathias
DIN 02879668
Director28 Jun 20224 yrs 4 moProtean Egov Technologies Limited
Aruna Krishnamurthy Rao
DIN 06986715
Director31 Mar 20233 yrs 7 moProtean Egov Technologies Limited
Easwaran Venkateswaran
DIN 08055728
Whole-time director17 Dec 202510 moProtean Egov Technologies Limited
Nandkumar Saravade
DIN 07601861
Director01 Jun 20265 moProtean Egov Technologies Limited
Ajay Rajan
DIN 09756949
Managing Director01 Jun 20265 moProtean Egov Technologies Limited

IPO & Listings of Protean PAN Services

Protean PAN Services is a publicly listed company on the NSE with ticker symbol PROTEAN in India, operating in the IT - Software sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: PROTEAN
  • Listed entityProtean Egov Technologies Limited
  • Exchange sectorIT - Software

Financials of Protean PAN Services

Exchange-reported figures of Protean Egov Technologies Limited, the listed company behind Protean PAN Services (NSE: PROTEAN).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹998 Cr
+18.7% YoY
EBITDA
₹111 Cr
+37.8% YoY
Profit After Tax
₹104 Cr
+12.4% YoY
Net Worth
₹1,077 Cr
+7.9% YoY
Total Assets
₹1,186 Cr
+8.9% YoY
Total Debt
₹87.49 Cr
+27.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue998841882742691603716
Revenue growth+18.7%-4.7%+18.8%+7.4%+14.6%-15.8%-
EBITDA11180.4189.4411812484.82148
EBITDA margin+11.1%+9.6%+10.1%+15.9%+17.9%+14.1%+20.6%
Profit before tax130118128140186116157
Net profit10492.4697.2910711288.52121
Net profit margin+10.4%+11.0%+11.0%+14.4%+16.3%+14.7%+16.9%
EPS (β‚Ή)24.7622.8024.0526.4835.6422.9930.30
Balance sheet
Total assets1,1861,089970880816688779
Net worth1,077999926857788668754
Total debt87.4968.5320.797.9211.686.1913.90
Cash & bank18713615113823411550.11
Net working capital18389.86208179314285252
Cash flow
Cash from operations78.4719357.54(7.90)10.9410053.86
Cash from investing(14.37)(159)18.7011.68(139)116(12.90)
Cash from financing(53.87)(42.24)(47.45)(1.31)(1.19)(183)(39.31)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue271251308229250211222202
Revenue growth (YoY)+8.1%+19.0%+38.4%+13.1%+14.0%+7.3%--
Other income19.1015.4015.3114.4214.6028.5216.5418.81
EBITDA24.3512.4237.2427.8429.3316.4117.8915.78
EBITDA margin+9.0%+4.9%+12.1%+12.2%+11.7%+7.8%+8.1%+7.8%
Depreciation19.1217.5314.0611.2710.3811.048.105.81
Interest3.072.652.081.571.511.521.090.26
Profit before tax21.267.6436.4129.4232.0432.3725.2428.52
Tax4.861.786.036.928.188.524.845.59
Net profit16.405.8630.3822.5023.8623.8520.4022.93
EPS (β‚Ή)4.021.437.465.525.855.855.005.61
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue996841881742691603716
Revenue growth+18.4%-4.5%+18.8%+7.4%+14.6%-15.8%-
EBITDA10380.1492.4111912485.08148
EBITDA margin+10.3%+9.5%+10.5%+16.0%+18.0%+14.1%+20.7%
Profit before tax124119131141186116157
Net profit97.5592.5810010811288.68121
Net profit margin+9.8%+11.0%+11.4%+14.5%+16.3%+14.7%+16.9%
EPS (β‚Ή)23.2222.8324.8126.6135.6223.0330.30
Balance sheet
Total assets1,1861,094974882813692779
Net worth1,0771,004930858789668754
Total debt87.4968.5320.797.920.000.0013.90
Cash & bank18113014312822311250.06
Net working capital17484.77202170299202252
Cash flow
Cash from operations85.2519560.0313894.5210053.78
Cash from investing(21.28)(161)15.95(283)74.90154(12.87)
Cash from financing(53.87)(42.24)(47.45)(44.29)(33.63)(183)(39.31)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue270250309228250210224202
Revenue growth (YoY)+8.4%+19.3%+37.9%+13.1%+13.7%+7.0%--
Other income19.2915.6215.9914.5014.6828.6117.0916.35
Total expenses247238283202218191207186
EBITDA23.8812.1125.4426.8531.6318.7716.2316.24
EBITDA margin+8.8%+4.8%+8.2%+11.8%+12.7%+8.9%+7.3%+8.0%
Depreciation18.9217.3213.8611.0710.1710.847.975.81
Interest3.072.652.081.571.511.521.090.26
Profit before tax21.187.7625.4928.7134.6335.0224.2626.52
Tax4.851.785.537.058.438.524.845.59

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 09 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue271251308229250211222202
Revenue growth (YoY)+8.1%+19.0%+38.4%+13.1%+14.0%+7.3%--
Other income19.1015.4015.3114.4214.6028.5216.5418.81
EBITDA24.3512.4237.2427.8429.3316.4117.8915.78
EBITDA margin+9.0%+4.9%+12.1%+12.2%+11.7%+7.8%+8.1%+7.8%
Depreciation19.1217.5314.0611.2710.3811.048.105.81
Interest3.072.652.081.571.511.521.090.26
Profit before tax21.267.6436.4129.4232.0432.3725.2428.52
Tax4.861.786.036.928.188.524.845.59
Net profit16.405.8630.3822.5023.8623.8520.4022.93
EPS (β‚Ή)4.021.437.465.525.855.855.005.61
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue998841882742691603716
Revenue growth+18.7%-4.7%+18.8%+7.4%+14.6%-15.8%-
Other income72.8568.1867.5741.6779.2749.0538.49
Total expenses887760793624567518568
Employee cost23318917512378.6875.2768.63
EBITDA11180.4189.4411812484.82148
EBITDA margin+11.1%+9.6%+10.1%+15.9%+17.9%+14.1%+20.6%
Depreciation46.7527.8227.4818.2917.0017.2827.46
Interest6.682.341.670.930.480.941.62
Profit before tax130118128140186116157
Tax29.6525.9730.5733.3841.6923.3535.96
Net profit10492.4697.2910711288.52121
Net profit margin+10.4%+11.0%+11.0%+14.4%+16.3%+14.7%+16.9%
EPS (β‚Ή)24.7622.8024.0526.4835.6422.9930.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital40.6240.5540.4540.4240.3840.1440.01
Reserves & surplus1,037958886817748628714
Shareholders' funds (net worth)1,077999926857788668754
Minority interest0.000.00(0.19)(0.19)(0.19)(0.18)(0.18)
Secured loans0.000.000.000.000.000.000.00
Unsecured loans87.4968.5320.797.9211.686.1913.90
Total debt87.4968.5320.797.9211.686.1913.90
Total liabilities1,1861,089970880816688779
Assets
Gross block445403315270257233229
Net block16715386.0163.3164.5456.8163.56
Capital work in progress19.4810.5813.1011.434.491.425.43
Investments638661550529364285406
Inventories0.000.000.000.000.000.000.00
Sundry debtors205144189209200198211
Cash & bank balances18713615113823411550.11
Loans & advances79.7427.1782.7756.0652.33146152
Total current assets471307423402486459413
Total current liabilities288218215224172174161
Net working capital18389.86208179314285252
Total assets1,1861,089970880816688779
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash37.8545.9317.1417.1420741.0439.39
Net cash from operating activities78.4719357.54(7.90)10.9410053.86
Net cash from investing activities(14.37)(159)18.7011.68(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 cash10.23(8.08)28.792.47(129)32.421.65
Closing cash18713615113823411550.11
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity0.080.050.020.010.010.010.02
Long-term debt / equity0.060.040.010.010.010.010.01
Interest cover10.434.452.700.930.451.391.35
Efficiency & per share
Fixed asset turnover2.352.343.022.822.822.612.59
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover5.725.044.433.633.472.953.65
EPS (β‚Ή)24.7622.8024.0526.4835.6422.9930.30
Dividend per share (β‚Ή)10.0010.0010.0010.0045.000.000.00
Book value per share (β‚Ή)265.23246.31228.97212.05195.17166.38188.38
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue270250309228250210224202
Revenue growth (YoY)+8.4%+19.3%+37.9%+13.1%+13.7%+7.0%--
Other income19.2915.6215.9914.5014.6828.6117.0916.35
Total expenses247238283202218191207186
EBITDA23.8812.1125.4426.8531.6318.7716.2316.24
EBITDA margin+8.8%+4.8%+8.2%+11.8%+12.7%+8.9%+7.3%+8.0%
Depreciation18.9217.3213.8611.0710.1710.847.975.81
Interest3.072.652.081.571.511.521.090.26
Profit before tax21.187.7625.4928.7134.6335.0224.2626.52
Tax4.851.785.537.058.438.524.845.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue996841881742691603716
Revenue growth+18.4%-4.5%+18.8%+7.4%+14.6%-15.8%-
Other income73.7868.4467.6641.1778.8049.0238.49
Total expenses894761788623567518568
Employee cost22718817212178.6975.2768.63
EBITDA10380.1492.4111912485.08148
EBITDA margin+10.3%+9.5%+10.5%+16.0%+18.0%+14.1%+20.7%
Depreciation45.9427.6927.4818.2816.8417.2827.47
Interest6.682.341.670.930.480.941.62
Profit before tax124119131141186116157
Tax29.5325.9730.5733.3641.6523.4236.04
Net profit97.5592.5810010811288.68121
Net profit margin+9.8%+11.0%+11.4%+14.5%+16.3%+14.7%+16.9%
EPS (β‚Ή)23.2222.8324.8126.6135.6223.0330.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital40.6240.5540.4540.4240.3840.1440.01
Reserves & surplus1,036963890818748628714
Shareholders' funds (net worth)1,0771,004930858789668754
Secured loans0.000.000.000.000.000.000.00
Unsecured loans87.4968.5320.797.920.000.0013.90
Total debt87.4968.5320.797.920.000.0013.90
Total liabilities1,1861,094974882813692779
Assets
Gross block442399315270240227229
Net block16415086.0163.3152.3650.7163.55
Capital work in progress19.4810.5810.5710.724.491.425.43
Investments649674563540375288406
Inventories0.000.000.000.000.000.000.00
Sundry debtors203145189209200198211
Cash & bank balances18113014312822311250.06
Loans & advances81.0430.2584.1856.1852.1463.85152
Total current assets465305416393475374413
Total current liabilities291220214223176171161
Net working capital17484.77202170299202252
Total assets1,1861,094974882813692779
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash37.3545.6017.0720670.4640.9939.39
Net cash from operating activities85.2519560.0313894.5210053.78
Net cash from investing activities(21.28)(161)15.95(283)74.90154(12.87)
Net cash from financing activities(53.87)(42.24)(47.45)(44.29)(33.63)(183)(39.31)
Net change in cash10.10(8.25)28.53(189)13671.171.60
Closing cash18113014312822311250.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity0.070.050.020.000.000.010.01
Long-term debt / equity0.060.040.010.000.000.000.00
Interest cover11.774.462.570.920.451.391.35
Efficiency & per share
Fixed asset turnover2.372.353.012.912.962.652.73
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover5.745.044.433.633.472.953.65
EPS (β‚Ή)23.2222.8324.8126.6135.6223.0330.30
Dividend per share (β‚Ή)10.0010.0010.0010.0035.000.000.00
Book value per share (β‚Ή)265.13247.47229.98212.31195.31166.50188.40

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Frequently Asked Questions about Protean PAN Services

Protean PAN Services was founded in 2017.

Protean PAN Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Protean PAN Services has 1,967 employees.

The primary company behind Protean PAN Services, Protean Egov Technologies Limited, reported revenue of β‚Ή1,071 Cr for FY 2026, up 19% year on year.

Protean PAN Services is employed as a platform for the application and issuance of PAN cards, which are essential for tax purposes in India. The service is designed to process requests efficiently, with JavaScript required for proper operation of the application. It supports individuals in managing their tax identification documentation through a digital interface. As a component of financial services, it aids in compliance by streamlining the submission and delivery of PAN cards. The platform is maintained to ensure security and accessibility, contributing to effective administrative processes in taxation.

Protean PAN Services offers PAN Card Application and Online Platform Access.

Yes, Protean PAN Services is publicly traded on NSE under the ticker symbol PROTEAN.

Protean PAN Services operates through Protean Egov Technologies Limited.

The legal entities of Protean PAN Services currently have 10 directors, including Abhaya Prasad Hota, Shailesh Vishnubhai Haribhakti, Lloyd Mathias and others.

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