Protean Egov Technologies Limited · NSE:PROTEAN
Protean Egov Technologies — Q4 & FY26 Earnings Presentation
37 slides from Protean Egov Technologies's earnings presentation, May 20, 2026
Slide 1: Exchange filing cover letter for investor presentation
protean Ref: Protean/Secretarial/2026-27/7 May 20, 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: PROTEAN
Slide 2: Q4 & FY26 Investor Presentation
/ •• oo ~ :-,... . p ro te a n 7 / .,..___ \ 1 IGIT Q4 & FY26 Investor 0 Presentation PROTEAN eGOV TECHNOLOGIES LIMITED
Slide 3: Index
Index 0 01 Company Overview & Investment Thesis 0 02 Q4 & FY26 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 • Taxpayer base growing at 6.5% CAGR 4L+ assisted touchpoints, deep Tier since FY18 Tax Services 2/3 presence, and seamless digital • Only ~41% population holds valid PAN PAN issuance card • 580 Mn Jan Dhan accounts vs 7.8 cr
Slide 10: Q4 & FY26 Update
0 01 CEO Commentary Q4 & FY26 Update 0 02 Leadership Update – Appointment of MD & CEO 0 03 Key Highlights - FY26 0 04 UIDAI Mandate - Aadhaar Seva Kendra Rollout Progress 0 05 CSR Initiative – FY26 0 06 Key Drivers – FY26 0 07 Financial Performance Protean eGov Technologies Limited I Investor Presen
Slide 11: CEO Commentary
CEO Commentary protean “ Protean remains uniquely positioned at the intersection of technology, inclusion and population-scale digital infrastructure “FY26 was a landmark year for Protean, with strong growth across our core businesses and meaningful progress in diversification beyond legacy business
Slide 12: Leadership Update – Appointment of MD & CEO
Leadership Update – Appointment of MD & CEO protean “ Welcoming our New Managing Director and CEOs Mr. Ajay Rajan has been appointed as the Managing Director & Chief Executive Officer of Protean eGov Technologies with effect from 1st June 2026. He brings over three decades of experience across banki
Slide 13: Key Highlights - FY26
Key Highlights - FY26 protean .-----• - .,...---- • --- Tax Services CRA Services Identity Services New Businesses The segment reported a robust In a key milestone APY surpassed r The segment continues to benefit r FY26 marks significant milestone 17.5% YoY revenue growth, driven 9 crore enrolments
Slide 14: Key Highlights - FY26
Key Highlights - FY26 protean r------------------------------------------------------------------------------------------------------------------------- • ₹1,370 Cr. landmark mandate from UIDAI for setting up district level ASK’s for an initial period of 6 years • Won ₹100 cr. mandate from Bima Suga
Slide 15: UIDAI Mandate – Aadhaar Seva Kendra (ASK) Rollout Progress
UIDAI Mandate – Aadhaar Seva Kendra (ASK) Rollout Progress protean ......n- - . ~~~ tv, """""""· . ~'1.""- -• -'l'I°•'l"'f,. . _ ••• Services Offered All front-end services: Total ASK centres under mandate: 190 Update on Rollout Progress • Aadhaar enrolment • Biometric capture 190 44 ASK’s to be ope
Slide 16: Aadhaar Seva Kendra Network - Protean
Aadhaar Seva Kendra Network - Protean protean 1 Uttarakhand ■ 1 2 4 ■ 1 Jammu & Kashmir Aadhaar Seva Kendra Operational Uttar Pradesh ■ 11 26 as on May 2026 2 ■ 1 Punjab Bihar - ■ 1 10 Nagaland 1 Himachal Pradesh 1 Manipur 1 8 ■ 2 Haryana Jharkhand ■ 3 6 44 20 10 8 3 1 ■ 2 Rajasthan Gujarat Delhi 16
Slide 17: CSR Initiative – FY26
CSR Initiative – FY26 protean Lives Impacted • 2,000+ Students benefited via scholarship, STEM Lab, Carrier counselling, sports equipment distribution etc. • 2,600+ Sapling distributed & Trees Planted • 400+ Differently abled supported I--------------------------~ Soil & Water Conversation - ,------
Slide 18: Key Drivers – FY26
Key Drivers – FY26 protean (in crore) PAN Services CRA Services e-Sign Transactions 4.4 4.7 9.4 8.2 16.7 15.5 53% 56% 47% 44% 1.5 1.3 FY25 FY26 FY25 FY26 FY25 FY26 ■ Offline Online Cumulative ■ New Additions Total PANs issued till date 57.3 Cr Cumulative till date 75.6 Cr e-KYC Transactions Aadhaar
Slide 19: Financial Performance
Financial Performance protean (₹ in crore) Particulars Q4FY26 Q4FY25 YoY Q3FY26 QoQ FY26 FY25 YoY Revenue from Operations 308 222 38% 229 34% 998 841 19% Other Income 15 17 -7% 14 6% 73 68 7% Total Income 323 239 35% 243 33% 1,071 909 18% - Tax Services 177 107 65% 114 56% 498 424 17% - CRA Services
Slide 20: Balance Sheet
Balance Sheet protean (₹ in crore) Assets Mar’26 Mar’25 Equity & Liabilities Mar’26 Mar’25 Tangible Assets 63 47 Shareholder’s Equity 1,077 999 Right-of-use / Intangible Assets 122 116 Borrowings - - Lease and Other Non-Current Investments & Financial Assets 610 616 91 82 Liabilities Other Non-Curre
Slide 21: 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 22: Growing Use Cases, Expanding TAM: PAN's Rising Utility
Growing Use Cases, Expanding TAM: PAN’s Rising Utility.. protean India’s Population (in crore) ~41% Universal Business ID Indian population Single identifier for businesses – Key document for registration 147.7 & regulatory compliance 146.4 with a valid PAN card 145.1 143.8 142.5 Digital Economy Ena
Slide 23: 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 crore) Tax Services Revenue (₹ in crore) 9% CAGR ► 9% CAGR ► 3.7 4.1 5.0 4.4 4.7 30% 39% 48% 53% 56% 487 498 434 424 70% 366 61% 52% 4
Slide 24: 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 25: 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 crore) • NPS employer contribution increased from • Low Pension Coverage (AUM) : India’s ~ 10% to 14% (under the New Regime) 14% of GDP
Slide 26: Protean – Strengthening the Social Security Infra
Protean – Strengthening the Social Security Infra protean CRA Services – No. of subscribers (in crore) CRA Services - Revenue (₹ in crore) 17% CAGR 9% CAGR 9.4 8.2 283 304 7.2 253 6.2 204 221 5.1 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Protean’s Dominant Position... . ... . ... . ... . ...
Slide 27: 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 28: 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 • 1.3 Bn+ Mobile Connections • 80%+ Banking Penetration with 260 crore • 50 lakh crore C
Slide 29: Protean – Comprehensive Service Portfolio
Protean – Comprehensive Service Portfolio protean Aadhaar Authentication Online Pan Verification Revenue – Identity Services (IN CRORES) (IN CRORES) (₹ IN CRORES) ~17 lacs ~83 lacs Transactions Transactions per day per day 326.7 321.6 304.3 61.5 Dominant ~90% Market 56.5 111 market 241.3 Share 47.5
Slide 30: Data Stack: Opportunity
Data Stack: Opportunity protean Opportunity Size Value (in crore) 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 Man
Slide 31: 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 32: 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 33: Cloud and Infosec
Cloud and Infosec 0 01 Cloud and Infosec Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 34: 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 35: International Business
International Business 0 01 DPI Components – For International Markets Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 36: 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 thatPublic will be a Digital Public Digital reader distracted by the readable Africa Goods content (DPG) (DPG) of a p
Slide 37: 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 Thank You information purposes and do not constitute any offer, recommenda
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