The Income Tax Department ("ITD") has issued a Notice for Request for Proposals (RFP) inviting bids for selection of Managed Service Provider (MSP) for Design, Development, Implementation, Operations and Maintenance of its PAN 2.0 Project.
The ITD has authorised our Company to set up and manage PAN applications systems infrastructure including service centre network for application acceptance, collection of proof of identity and proof of address documents, processing, PAN card printing, despatch and logistics management. As part of this mandate by the ITD, the Company is also providing Online PAN verification facility for fulfilling regulatory as well as business requirements across the BFSI sector. Given our expertise in handling a range of IT/ITES projects and our contributions towards building population scale Digital Public Infrastructure (DPI), Protean has this mandate from the ITD for over two decades, since 2004.
The PAN verification process serves as one of the primary checkpoints across the BFSI sector in opening and operating accounts both corporate and retail, identification and tracking of high value transactions and is a systemically significant identifier recognised by various regulators. These are real-time transactions deeply embedded into the digital journeys of the regulated entities. Protean serves and enables over 90% of the eco-system with straight through, API based tech integrations with the core operating systems of the regulated entities.
The PAN issuance service is provided through multiple channels, both direct and assisted, to ensure comprehensive inclusion. Towards that, we have an established PAN India assisted network of 4,00,000 plus points of service for receiving PAN applications. The Company offers the option of submitting PAN applications through our service centres or online including paperless mode through our website.
The Company has procured the RFP document and participating in the RFP bid proposal.
Shares of Protean eGov Technologies Limited was last trading in BSE at Rs. 2142.90 as compared to the previous close of Rs. 2100.55. The total number of shares traded during the day was 604437 in over 25609 trades.
The stock hit an intraday high of Rs. 2158.95 and intraday low of 2045.00. The net turnover during the day was Rs. 1274403811.00. |
