### **Overview** Alankit Limited is a leading Indian FinTech and e-Governance service provider with over three decades of experience. The company is listed on both the **National Stock Exchange (NSE)** and the **Bombay Stock Exchange (BSE)** and operates as a flagship entity within the Alankit Group, a diversified conglomerate. Alankit has established itself as a trusted intermediary between government institutions and citizens, delivering critical public and financial services across urban and rural India. With a **pan-India presence** supported by 25 regional offices, over **10,000 service points**, and operations spanning 673 cities, Alankit serves a vast customer base of **over 100 million individuals and organizations**. It also maintains three overseas offices in **Dubai (UAE), Singapore, and Germany**, supporting international initiatives. --- ### **Core Business Segments** Alankit operates through **five key business divisions**, supported by a network of 15 group companies: 1. **Financial Services** 2. **RegTech (Regulatory Technology)** 3. **Channel Business** 4. **Managed Services** 5. **Tech Solutions** These divisions collectively support India’s digital transformation agenda, especially in **e-Governance, financial inclusion, and digital compliance**. --- ### **Key Services & Offerings (as of August 2025)** #### **1. e-Governance & Citizen-Centric Services** Alankit is a pioneer in delivering government-to-citizen (G2C) services, including: - **PAN Card Services**: Over **95 million PAN applications** processed (new, correction, instant PAN). - **Aadhaar Enrollment and Update Services** - **Income Tax Return (ITR) Filing Assistance** - **Digital Signature Certificates (DSC)** via its subsidiary **Verasys Limited**, a licensed Certifying Authority (CA) - **Attestation & Apostille Services** authorized by the **Ministry of External Affairs (MEA)** – a key facilitator for international education, work, and migration - **Ayushman Bharat Enrollment** - **FASTag Issuance** in partnership with IDFC Bank, Kotak Mahindra Bank, and Axis Bank under the NETC program - **Student and Electoral ID Cards**: Executed high-impact projects, including Student ID Cards for Tamil Nadu and Electoral Photo ID Cards (EPIC) #### **2. Business Correspondent (BC) Services – Financial Inclusion** Alankit is a **Business Correspondent for nine leading public and private sector banks**, including **State Bank of India, Punjab National Bank, Bank of Baroda, and IDBI Bank**. - Operates **over 2,500 Customer Service Points (CSPs)** across rural and semi-urban India - Facilitates small savings accounts, remittances, microcredit, insurance, and Aadhaar-based payments - Processes **~10.5 lakh transactions monthly**, averaging **₹700 crore in monthly transaction volume** - Uses **remote biometric-enabled technology** for secure customer enrollment and low-cost service delivery - Manages **over ₹4,500 million in monthly transactions** - Strategic focus on enhancing CSP sustainability and geographic reach #### **3. GST Compliance & RegTech Solutions** Alankit is a **recognized GST Suvidha Provider (GSP)** with a strong technological backbone: - Offers **AI-powered tools**, **Platinum API Gateway**, GSTN failure handling, and integration with major ERPs (SAP, Oracle, Microsoft Navision) - Launch of **Alankit GST Muneemji** (cloud-based compliance platform) and **Alankit GST Saarthi** (PoS device for MSMEs) - Provides **e-Raahi** – e-Way Bill generation software and **e-Invoicing solutions** - Delivers **consultancy, registration, and digital compliance tools** via mobile and web platforms #### **4. Digital Transformation & Technology Solutions** Through its subsidiaries, Alankit provides end-to-end IT and digital infrastructure: - **Alankit Technologies Limited (ATL)**: Wholly-owned subsidiary offering - Custom software development - E-commerce platforms - Website design and hosting - System integration - SMS/email services - Network solutions - Leverages **AI and automation** to enhance operational efficiency across services - Implements **chatbots and AI-driven customer engagement tools** across digital platforms #### **5. Insurance & Financial Advisory** - **Alankit Insurance Brokers Limited (AIBL)**: - Offers **life and general (non-life) insurance** products via online and offline channels - Provides advisory, claims settlement, and risk management services - Plans related-party transactions up to **₹4 crores (Oct 2025–Sep 2026)** - **Alankit Wealth Management Private Limited** (related-party): - Delivers tailored financial advisory for **HNIs, NRIs, and corporates** #### **6. Manpower & Staffing Solutions** - Provides **customized staffing and manpower services**, primarily to **government departments, PSUs, and autonomous bodies** - Key clients include **Directorate of Income Tax, DRDO, Prasar Bharati, and various central ministries** - Services include data entry, digitization, e-TDS filing, and smart ID card printing #### **7. Training & Development** - Delivers **learning and development programs** aligned with organizational goals - Focus on upskilling workforce in digital and technological domains --- ### **Subsidiaries & Group Companies (as of Aug 2025)** | Subsidiary | Key Role | |----------|--------| | **Alankit Technologies Limited (ATL)** | IT services, software development, e-commerce, system integration | | **Alankit Forex India Limited** | Foreign exchange services (currency exchange, forex cards, Western Union, wire transfers); plans inter-company transactions up to ₹10 crores | | **Alankit Insurance Brokers Limited (AIBL)** | Life and non-life insurance broking | | **Alankit Imaginations Limited** | Equity & commodity trading (NSE, BSE, MCX, NCDEX, IEX, ICEX), investment advisory, **World Investing** platform (global stock access), plans borrowings up to ₹15 crores | | **Verasys Limited** | Licensed Certifying Authority (CA); issues **Digital Signature Certificates (DSCs)** using Aadhaar-based eKYC | | **Verasys Technologies** | Provides **eSign solutions** as a certified MOSIP partner | | **Alankit Assignments Limited** | Unlisted public company; leader in G2C and financial services; supports inter-subsidiary collaboration | | **Alankit Finsec Limited** | Registered **NBFC** under the promoter group; offers financial & banking services | Alankit Limited holds a **65.90% stake in Verasys Technologies Private Limited** (as of Mar 2024, unchanged). --- ### **Innovation & Technology** - Leverages **Artificial Intelligence**, **automation**, and **data analytics** to optimize service delivery - Recognized **MOSIP (Modular Open Source Identity Platform) Credential Partner** – supporting development of secure, interoperable digital ID systems - Invests in **digital transformation** across social media, web, and mobile platforms to enhance customer engagement - Utilizes **cluster-based market strategy** and data-driven decision-making for rural expansion --- ### **Corporate & Leadership Highlights** - Headquartered in **Delhi**, India - **Chartered Accountant and Fellow of ICAI** at the helm, with a proven track record in leading high-impact e-Governance projects (e.g., PBSK in UAE, EPIC) - Leadership credited with **doubling group revenue** and expanding international operations - Strong **government partnerships** at central and state levels, including projects with MTNL and School Education Department of Tamil Nadu --- ### **Revenue Drivers & Risk Considerations (Historical Context)** - As of **FY20**, **84.65% of revenue** came from **e-Governance services**, with **32% from PAN card services** - Revenue from PAN services impacted historically by **non-renewal of NSDL agreement** - Dependency on **government policies and schemes** introduces some regulatory risk, mitigated by diversification across services and digital product portfolios - Recurring revenue stream from **printer sales (IDP partnership)** and consumables (ribbons, print heads) – driven by **Digital India** initiative