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The company was originally incorporated as ‘National Securities Depository Limited’ on December 27, 1995 as a public limited company under the Companies Act, 1956, and was granted the certificate of incorporation by the Registrar of Companies, Maharashtra at Mumbai (RoC). The company was issued a certificate for commencement of business dated February 8, 1996 by the RoC. Pursuant to the scheme of arrangement between the Company and NSDL Depository Limited under Section 391 to 394 of Companies Act, 1956 (Scheme of Arrangement), the name of the company was changed from ‘National Securities Depository Limited’ to ‘NSDL e-Governance Infrastructure Limited’ and a fresh certificate of incorporation was issued on December 19, 2012 by the RoC. The name of the company was changed from ‘NSDL eGovernance Infrastructure Limited’ to ‘Protean eGov Technologies Limited’ pursuant to a shareholders’ resolution dated October 28, 2021, to represent the full gamut of products and service offerings of the company in the space of information technology solutions and extension into new markets, sectors and geographies, and a fresh certificate of incorporation was granted by the RoC on December 8, 2021.
The company is one of the key IT-enabled solutions companies in India engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. It collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions. It was originally setup as a depository in 1995 and created a systemically important national infrastructure for capital market development in India. It has been the chief architect and implementer for some of the most critical and large scale technology infrastructure projects in India. Its solutions have led to identification of bottlenecks in government services, increased transparency and efficiency, redefined delivery of public services and led to a reduction in service delivery costs. It was among the leading Indian companies in the e-governance sector in terms of profitability, operating income, operating profit and operating profit margin in Fiscal 2023. It is a professionally managed company and is led by an experienced senior management team whose expertise and industry experience have helped it grow its operations and innovate its services.
The company has over the years successfully adapted to technology advancements through continuous investments in new technologies and capabilities and by developing sophisticated technology architecture. It has domain knowledge for various industries that allows it to develop functionalities that address specific requirements of end-users, businesses and public entities. While executing large and complex projects, it leverages its comprehensive program management expertise. Its clients benefit from its delivery model, significant experience across various technologies, industry knowledge, project management expertise and proprietary software engineering tools developed in-house. The company has embraced an impact weighted framework to guide all business decisions with a focus on Environment, Social and Governance (ESG) framework and committed to build a value system guiding it to contribute towards a sustainable and responsible future. It understands its responsibility towards the society at large and therefore, its business model focuses on the foundation of social capitalism. It is also cognizant of other important sustainability aspects and endeavour to continuously enhance its operations towards factors influencing ESG. An independent agency has been conducting comprehensive impact diagnostic assessment on an independent basis in the past few years and it has taken all reasonable efforts to incorporate their audit findings into its strategic planning process. The assessment by an independent agency helps it identify opportunities to improve further towards global and national sustainability goals.
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The company is engaged in the business of developing citizen-centric and population-scale e-governance solutions. It has played a vital role in developing national infrastructure for capital market development in India.
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