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Protean eGov Technologies secures ₹161 crore work order from CERSAI

Protean eGov Technologies secures ₹161 crore work order from CERSAI

Protean eGov Technologies Ltd on Monday (December 2) said it has received a work order worth approximately ₹161 crore from the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), a Government of India undertaking.

“…we wish to inform that Protean eGov Technologies Limited (the Company) has received and acknowledged the Work Order on December 2, 2024, from Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) (a Government of India Undertaking) for providing services as “System Integrator for Design, Development, Implementation and Operations & Maintenance of Central KYC Records Registry (CKYCRR 2.0)” for the amount of 161 crore (approx.),” Protean eGov Technologies said in a regulatory filing.

The work involves serving as the system integrator for the design, development, implementation, operations and maintenance of the Central KYC Records Registry (CKYCRR 2.0). This project will be executed over 69 months from the contract’s commencement date.

Also Read: Protean eGov to reshape business mix with focus on new verticals

Protean eGov Technologies is one of the key IT-enabled solution companies in India engaged in conceptualising, developing, and executing nationally critical and population-scale greenfield technology solutions.

The company collaborated with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions. Shares of Protean eGov Technologies Ltd ended at ₹1,759.15, down by ₹16.00, or 0.90% on the BSE.

Also Read: Protean eGov targets emerging business areas for growth opportunities

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