business

Protean eGov Technologies| Open digital ecosystems could be the future growth driver

Protean is a market leader in the provision of e-governance services in taxation-related infrastructure and social security welfare projects such as the National Pension Scheme (NPS) and the Atal Pension Yojana. It also has a subsidiary for the account aggregation business, which is regulated by the RBI. Protean’s multi-term population-scale projects ensure visibility of revenues. Moreover, the company’s offerings cater to varied customer segments, including businesses and retail consumers apart from the government, leading to low concentration risk. Protean’s business model is asset-light, enjoys high operating leverage, and has a track record of healthy profitability and cash generation.

first published: Nov 14, 2024 11:05 am