Protean Egov Technologies Limited · NSE:PROTEAN
Protean Egov Technologies — Q3 FY2026 Earnings Presentation
34 slides from Protean Egov Technologies's earnings presentation, Feb 11, 2026
Slide 1: Intimation letter to stock exchanges
protean Ref: Protean/Secretarial/2025-26/103 February 11, 2026 To, 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:
Slide 2: Q3 & 9MFY26 Investor Presentation
,. .-' oo ·. p ro te a n GIT Q3 & 9MFY26 Investor 0 Presentation PROTEAN eGOV TECHNOLOGIES LIMITED
Slide 3: Index
Index 0 01 Company Overview & Investment Thesis 0 02 Q3FY26 Updates 0 03 Business Overview Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 4: Company Overview & Investment Thesis
Company Overview & Investment Thesis 0 01 About Protean - Contributors to Building DPI 0 02 Uniquely Positioned for Future Growth 0 03 Driving the Change: Building for Billions 0 04 Strategically Positioned to serve India’s Digital Growth Story 0 05 Protean – Business Opportunity Overview Protean eG
Slide 5: About Protean: Contributors to Building DPI
About Protean: Contributors to Building DPI protean Over 3 decades of experience in building Digital Public Infrastructure Enabled 21+ nationally critical e-Governance stacks while (DPI) & developing innovative citizen-centric e-governance solutions working with several ministries across diverse sec
Slide 6: Uniquely Positioned for Future Growth
Uniquely Positioned for Future Growth protean Pioneer and Architect of India’s DPI journey; Market Leader Taxation (cumulative 64% share), Central custodian of nation-critical databases like Tax and Recordkeeping Agency (98% market share), Identity Pension records Services: Leader across B2G | B2B 0
Slide 7: Driving the Change: Building for Billions
Driving the Change: Building for Billions protean Tax Services Central Recordkeeping Agency Digital Identity • Issuers of the First Digitally Verifiable Tax • Largest Central Recordkeeping Agency • Sole provider of all four foundational ID identity services : e-KYC, Aadhaar Auth, e- • 98% market sha
Slide 8: Strategically Positioned to serve India's Digital Growth Story
Strategically Positioned to serve India’s Digital Growth Story protean India’s Next-Generation Digital Growth Enablers Demographic Shift Financialization Digitization Enabling inclusion across age, income, and Accelerating formalization, compliance, Multisector scalable, interoperable digital geogra
Slide 9: Protean: Business Opportunity Overview
Protean: Business Opportunity Overview protean Our Edge Opportunity Size 4L+ assisted touchpoints, deep Tier • Taxpayer base growing at 6.6% CAGR Tax Services 2/3 presence, and seamless digital • Only ~40% population holds valid PAN PAN issuance card • 550 Mn Jan Dhan accounts vs 80 Mn APY Near-to
Slide 10: Q3FY26 Update
0 01 MD Commentary Q3FY26 Update 0 02 Q3FY26 Key Highlights 0 03 UIDAI Mandate - Aadhaar Seva Kendra Rollout Progress 0 04 Strategic Acquisition - stake in NSDL Payments Bank 0 05 Key Drivers – Quarterly 0 06 Financial Performance Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 11: MD Commentary
MD Commentary protean We remain on a strong trajectory for business diversification in line with our stated objectives “ “We remain on a strong trajectory for business diversification in line with our stated objectives. While we continue to build core digital rails at a population scale, we are prog
Slide 12: Q3FY26 – Key Highlights
Q3FY26 – Key Highlights protean Tax Services CRA Services Identity Services New Businesses PFRDA’s ongoing reforms are The segment recorded 7% r The segment reported a 14% YoY Marking a significant milestone, new revenue growth, driven by a 90-bps reshaping India’s pension landscape combined volume
Slide 13: Q3FY26 – Key Highlights
Q3FY26 – Key Highlights protean International • Secured strategic national mandate of ₹25 Cr. to implement DPI & related services for Ethiopia’s Agriculture Ecosystem Order Win • The company will deliver an AI-powered digital platform encompassing end-to-end design, development, deployment and suppo
Slide 14: UIDAI Mandate – Aadhaar Seva Kendra (ASK) Rollout Progress
UIDAI Mandate – Aadhaar Seva Kendra (ASK) Rollout Progress protean ,arruR~- adhaar Seva Ke, . ... ............. - . fR;tR-~ ,~'I."• -•- ¥• "J"'f, "'11RJ"l:"V. . Services Offered All front-end services: Total ASK centres under mandate: 190 Update on Rollout Progress • Aadhaar enrolment • Biometric ca
Slide 15: Strategic Acquisition - stake in NSDL Payments Bank
Strategic Acquisition - stake in NSDL Payments Bank protean protean • Strategic acquisition of 4.95% stake in NSDL Payments Bank Limited (NPBL), a wholly owned subsidiary of NSDL r------------------------------------------ Acquired • Investment in NPBL reflects long term strategic alignment to build
Slide 16: Key Drivers - Quarterly
Key Drivers - Quarterly protean (in crore) PAN Services CRA Services e-Sign Transactions 1.0 1.1 9.1 7.9 52% 55% 3.6 3.6 48% 45% 0.31 0.35 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 ■ Offline Online Cumulative ■ New Additions Total PANs issued till date 55.9 Cr Cumulative till date 70.8 Cr e-KYC Tran
Slide 17: Financial Performance
Financial Performance protean (₹ in crore) Particulars Q3FY26 Q3FY25 YoY Q2FY26 QoQ 9MFY26 9MFY25 YoY Revenue from Operations 229 202 13% 251 -9% 690 619 12% Other Income 14 19 -23% 15 -1% 58 52 11% Total Income 243 221 10% 265 -8% 748 670 12% - Tax Services 114 99 14% 107 6% 321 316 2% - CRA Servic
Slide 18: Modernization of India's Tax Infrastructure
Modernization of India’s Tax Infrastructure 0 01 Growing Use Cases, Expanding TAM: PAN’s Rising Utility.. 0 02 Protean – a leader in Tax Service Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 19: Growing Use Cases, Expanding TAM: PAN's Rising Utility
Growing Use Cases, Expanding TAM: PAN’s Rising Utility.. protean India’s Population (in cr.) ~40% .I. Universal Business ID 142.5 143.8 145.1 146.4 Indian population with a valid PAN card ·•~ Single identifier for businesses – Key document for registration & regulatory compliance Digital Economy Ena
Slide 20: Protean – a leader in Tax Services
Protean – a leader in Tax Services protean Stable recurring revenue potential backed by government mandates & rising compliance needs Protean - Annual PAN Issued (in cr.) Tax Services Revenue (₹ in cr.) 7% CAGR 10% CAGR 3.0 3.7 4.1 5.0 4.4 23% 30% 39% 48% 53% 487 77% 434 424 70% 366 61% 52% 323 47%
Slide 21: Central Recordkeeping Agency NPS|APY|UPS
Central Recordkeeping Agency NPS|APY|UPS 0 01 CRA Services: Large Headroom for Growth 0 02 Protean – Strengthening the Social Security Infra Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 22: Central Recordkeeping Agency: Large Headroom for Growth
Central Recordkeeping Agency: Large Headroom for Growth protean Government Support for Pension No. of Accounts under PM Jan Dhan Growth Drivers Expansion Yojana (In Cr.) • NPS employer contribution increased from • Low Pension Coverage (AUM) : India’s ~ 10% to 14% (under the New Regime) 17% of GDP v
Slide 23: Protean – Strengthening the Social Security Infra
Protean – Strengthening the Social Security Infra protean CRA Services – No. of subscribers (in cr) CRA Services - Revenue (₹ in cr) 18% CAGR 9% CAGR 8.2 283 7.2 253 6.2 204 221 197 5.1 4.2 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Protean’s Dominant Position... .. .. .. .. .... .... ® Built
Slide 24: Key Contributor: India's Foundational Identity
Key Contributor : India’s Foundational Identity 0 01 Steady growth in Digital Identity Services 0 02 Protean – Comprehensive Service Portfolio 0 03 Data Stack: Opportunity Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 25: Steady growth in Digital Identity Services
Steady growth in Digital Identity Services protean Growth Drivers Increase in Mobile Phone and Banking Penetration and World’s largest Direct Benefits Internet Subscribers Digital Transactions Transfer Programme • 1.1 Bn+ Mobile Connections • 80%+ Banking Penetration (550 Mn • Estimated Savings of $
Slide 26: Protean – Comprehensive Service Portfolio
Protean – Comprehensive Service Portfolio protean Aadhaar Authentication Online Pan Verification Revenue – Identity Services (IN CRORES) (IN CRORES) (₹ IN CRORES) ~15 lacs ~88 lacs 56.5 Transactions Transactions 47.5 per day 326.7 321.6 per day 111 Dominant 241.3 ~90% Market 99 market 212.3 Share 27
Slide 27: Data Stack: Opportunity
Data Stack: Opportunity protean Opportunity Size Value (in Cr) Proposition • Sole provider with end-to-end stack: Aadhaar e-Sign + e-Sign Workflow eSignPro + e-Stamping + Document Management System (Digital Document ~1,700 • Market leader with strong forward and backward integration (in-house Manage
Slide 28: Open Digital Ecosystems - ODE
Open Digital Ecosystems - ODE 0 01 Building Digital Public Infrastructure layer by layer Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 29: Building Digital Public Infrastructure layer by layer
Building Digital Public Infrastructure layer by layer to protean solve for population scale challenges Aligned with India’s visionary DPI framework built on open standards and protocols, Protean continues to contribute towards multisectoral Open Digital Ecosystems • TAX Digitally Verifiable Identity
Slide 30: Cloud and Infosec
Cloud and Infosec 0 01 Cloud and Infosec Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 31: Cloud & Infosec
Cloud & Infosec protean India’s cloud computing market is projected to grow Protean’s Offerings Value Proposition at a CAGR of 26.5% and reach ~USD 76 billion by 2030, as compared to ~USD 18 billion in 2024. One of India’s few providers of self-service on-premise Protean On-Premise cloud that uses o
Slide 32: International Business
International Business 0 01 DPI Components – For International Markets Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 33: DPI Components – For International Markets
DPI Components – For International Markets protean , Foundation Foundation ID Target Geographies ✓ South East Asia It is a ID Open Source Source long established fact ✓ Middle East Public will be a Digital Public Digitalthat reader ✓ Africa distracted by the readable Goods content (DPG) (DPG) of a p
Slide 34: Thank You
DISCLAIMER PROTEAN eGOV TECHNOLOGIES LIMITED |INVESTOR PRESENTATION 2025-26 This presentation and the accompanying slides (the “Presentation”) have been prepared by Protean eGov Technologies Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation, or T
Protean eGov Technologies — Q3 FY2026 Earnings Presentation on 6ix