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Protean eGov Technologies Ltd secured a ₹161 crore work order from CERSAI to develop and maintain CKYCRR 2.0. The project spans 69 months, highlighting its critical role in India’s digital public infrastructure.
Protean eGov Technologies Ltd has announced a ₹161 crore work order from the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI). The company will act as the system integrator for the Central KYC Records Registry (CKYCRR 2.0). This contract covers design, development, implementation, operations, and maintenance over a 69-month period. The project underscores Protean eGov’s vital role in enhancing India’s digital public infrastructure.
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Contract Value: ₹161 crore
Client: Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI)
Scope: CKYCRR 2.0 system integration and maintenance
Duration: 69 months
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The work involves developing and maintaining the CKYCRR 2.0, a central repository for KYC data management. Protean eGov Technologies, known for its expertise in IT-enabled solutions, will deliver an end-to-end system integration service. The timeline of 69 months ensures long-term operational support and seamless implementation.
Protean eGov Technologies is a leading IT solutions company known for developing large-scale, citizen-focused e-governance platforms. With extensive experience collaborating with government entities, the company has played a pivotal role in shaping India’s digital infrastructure.
On December 2, Protean eGov Technologies' share price closed at ₹1,759.15 on the Bombay Stock Exchange, marking a slight decline of 0.90%.
Details | Information |
Project Name | CKYCRR 2.0 |
Contracting Authority | CERSAI |
Project Duration | 69 months |
Value of Contract | ₹161 crore |
Company's Share Price (Dec 2) | ₹1,759.15 (-0.90%) |
The ₹161 crore CERSAI project positions Protean eGov Technologies as a key contributor to India’s digital public infrastructure. The company’s consistent collaborations with government entities affirm its standing in the e-governance domain, while the long-term contract reflects its commitment to delivering impactful solutions. The Protean eGov Technologies share price is expected to gain traction as the project progresses.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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