Protean eGov Tech bags order worth Rs 100 cr from BSIF

BSIF, a not-for-profit entity led by key stakeholders of the Indian insurance ecosystem, governs Bima Sugam - an ambitious digital public platform envisaged as a unified, nation-scale marketplace for insurance products and services.

The company shall serve as the technology solution provider for end-to-end development, implementation, support and maintenance of Bima Sugam Marketplace, platform integrations and marketplace protocols.

This engagement further strengthens the company's role as a trusted technology partner in India's Digital Public Infrastructure (DPI) journey, building on its legacy of enabling critical citizen-centric digital systems at national scale.

The project is scheduled for completion within 72 months from the contract execution date.

Protean eGov Technologies is an IT solutions company engaged in developing digital public infrastructure and citizen-centric e-governance solutions.

The company's consolidated net profit jumped 5.8% to Rs 20.40 crore on 0.03% increase in net sales to Rs 222.15 crore in Q4 FY25 over Q4 FY24.

The counter rose 0.12% to end at Rs 951.65 on the BSE.

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