Protean Egov Technologies Limited · NSE:PROTEAN
Protean Egov Technologies — Q1 FY2026 Earnings Presentation
33 slides from Protean Egov Technologies's earnings presentation, Aug 7, 2025
Slide 1: Exchange filing cover letter
protean Ref: Protean/Secretarial/2025-26/39 August 7, 2025 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: PROT
Slide 2: Q1FY26 Investor Presentation
Q1FY26 Investor 0 Presentation PROTEAN eGOV TECHNOLOGIES LIMITED
Slide 3: Index
Index 01 Company Overview & Investment Thesis 02 Q1FY26 Updates 03 Business Overview Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 4: Company Overview & Investment Thesis
Company Overview & Investment Thesis 01 About Protean - Contributors to Building DPI 02 Uniquely Positioned for Future Growth 03 Driving the Change: Building for Billions 04 Strategically Positioned to serve India’s Digital Growth Story 05 Protean – Business Opportunity Overview Protean eGov Technol
Slide 5: About Protean: Contributors to Building DPI
About Protean: Contributors to Building DPI 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 sectors Foc
Slide 6: Uniquely Positioned for Future Growth
Uniquely Positioned for Future Growth 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 (97% market share), Identity Pension records Services: Leader across B2G | B2B 08 01 Tak
Slide 7: Driving the Change: Building for Billions
Driving the Change: Building for Billions 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 : eKYC, Aadhaar Auth, • 97% market share with 8.4
Slide 8: Strategically Positioned to serve India's Digital Growth Story
Strategically Positioned to serve 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
Slide 9: Protean: Business Opportunity Overview
Protean: Business Opportunity Overview 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-total mark
Slide 10: Q1FY26 Update
01 MD Commentary Q1FY26 02 Q1FY26 Key Highlights Update 03 Strategic Win - Bima Sugam Mandate 04 Awards & Accolades 05 Key Drivers – Quarterly 06 Financial Performance Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 11: MD Commentary
MD Commentary With a continued focus on innovation, financial inclusion and scale, we are committed to delivering long term value to all our stakeholders “ “Protean continues to retain its position as a leader in the Digital Public Infrastructure space, delivering yet another resilient quarter. Our
Slide 12: Q1FY26 – Key Highlights
Q1FY26 – Key Highlights Tax Services CRA Services Identity Services New Businesses The segment saw a market Healthy double-digit Robust volume growth The company remains share gain of nearly 80 revenue growth of 16% across products, though focused on contributing to basis points, increasing YoY. 32.
Slide 13: Q1FY26 – Key Highlights
Q1FY26 – Key Highlights • Won strategic ₹100 crore RFP mandate from Bima Sugam India Federation, an initiative by IRDAI Strategic mandate • To build an ambitious Insurance DPI envisaged as a Unified, Nation-scale marketplace for Insurance products from Bima Sugam • Protean has received the mandate t
Slide 14: Strategic Win - Bima Sugam Mandate
Strategic Win - Bima Sugam Mandate India’s First Unified Protean’s Strategic Protean’s Role in Insurance Marketplace Win Insurance DPI Bima Sugam – an ambitious Protean was awarded ₹100 A first-of-its-kind initiative in the digital public platform envisaged crore mandate through a insurance sector,
Slide 15: Awards and Accolades
Awards and Accolades Afaqs Marketers Excellence Awards 2025 ET Brand Equity’s Brand Disruption Awards 2025 Bronze Award | Best Silver Awards | Bronze Award | Best Silver Silver Awards | Bronze Communication for Silver Best Celebrity Bronze Award Multimedia Campaign AWARDS Best Storytelling Award pos
Slide 16: Key Drivers - Quarterly
Key Drivers - Quarterly (in crore) PAN Services CRA Services e-Sign Transactions 1.0 1.0 8.5 0.5 7.4 4.5 0.5 3.4 0.5 0.5 0.3 0.3 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Offline Online Cumulative New Additions Total PANs issued till date 53.6 Cr Cumulative till date 63.4 Cr e-KYC Transactions Aadha
Slide 17: Financial Performance
Financial Performance Particulars Q1FY26 Q1FY25 YoY Q4FY25 QoQ Revenue from Operations 211 197 7% 222 -5% Other Income 29 19 48% 17 72% Total Income 239 216 11% 239 0.3% - Tax Services 100 98 2% 107 -7% - CRA Services 76 66 16% 75 1% - Identity Services 24 28 -14% 24 -3% - Others 11 6 101% 15 -26% E
Slide 18: Modernization of India's Tax Infrastructure
Modernization of India’s Tax Infrastructure 01 Growing Use Cases, Expanding TAM: PAN’s Rising Utility.. 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.. India’s Population (In Cr.) ~40% Universal Business ID Indian population Single identifier for businesses – Key document for registration 146.4 & regulatory compliance 145.1 with a valid PAN card 143.8 142.5 Digital Economy Enabler ~5 Cr Vital
Slide 20: Protean – a leader in Tax Services
Protean – a leader in Tax Services 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% 323 52% 47% FY21 FY22
Slide 21: Central Recordkeeping Agency NPS|APY|UPS
Central Recordkeeping Agency NPS|APY|UPS 01 CRA Services: Large Headroom for Growth 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 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 vs 55%+ i
Slide 23: Protean – Strengthening the Social Security Infra
Protean – Strengthening the Social Security Infra 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 India’s First Digital India’s lar
Slide 24: Key Contributor: India's Foundational Identity
Key Contributor: India’s Foundational Identity 01 Steady growth in Digital Identity Services 02 Protean – Comprehensive Service Portfolio 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 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 $52 Bn ac
Slide 26: Protean – Comprehensive Service Portfolio
Protean – Comprehensive Service Portfolio Aadhaar Authentication Online PAN Verifications Revenue – Identity Services (IN CRORES) (IN CRORES) (₹ IN CRORES) ~10 lacs ~80 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 27.5 27.7
Slide 27: Data Stack: Opportunity
Data Stack: Opportunity Opportunity Size Value (in Cr) Proposition • Sole provider with end-to-end stack: Aadhaar eSign + eSign Workflow + eSignPro eStamping + Document Management System (Digital Document 1,722 • Market leader with strong forward and backward integration (in-house Management) eKYC a
Slide 28: Open Digital Ecosystems - ODE
Open Digital Ecosystems - ODE 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 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 CRA IDENTITY INSURANCE PAN - Digitally
Slide 30: Cloud and Infosec
Cloud and Infosec 01 Cloud and Infosec Protean eGov Technologies Limited I Investor Presentation 2025-26
Slide 31: Cloud & Infosec
Cloud & Infosec 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 open-sour
Slide 32: DPI Components – For International Markets
DPI Components – For International Markets Target Geographies Foundation Foundation ID ✓ South East Asia It is a ID Open Source Source long established fact ✓ Middle East Digital Public DigitalthatPublic will be a reader ✓ Africa distracted by the readable Goods content (DPG) (DPG) of a page when lo
Slide 33: Thank You / Disclaimer
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
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