### **Company Overview** VL E-Governance & IT Solutions Ltd. (VLEG) is one of India’s largest and most experienced e-governance systems integrators, with over three decades of expertise in executing large-scale, mission-critical government projects. Originally a part of Vakrangee Ltd., the company was demerged in May 2023 to focus exclusively on e-governance and IT/ITES system integration. Headquartered in India, VLEG has evolved into a diversified technology and infrastructure solutions company, strategically expanding across four core domains: 1. **Digital Governance** 2. **Smart Infrastructure & EPC** 3. **Aerospace, Aviation, Defence, and Satellite Systems** 4. **Renewable Energy & Emerging Technologies** The company is leveraged for its proven delivery capabilities, robust field execution network, zero-debt balance sheet, and strategic alignment with national initiatives such as **Digital India**, **Make in India**, and **PM-eDrive**. --- ### **Core Business Segments** #### **1. Digital Governance & E-Governance Services** VLEG has established itself as a national leader in end-to-end e-governance implementation. It serves as a trusted systems integrator for mission-mode government projects, with landmark contributions across identity, land administration, public distribution, and electoral systems. **Key Projects & Achievements:** - **Aadhaar Enrollment:** Enrolled **over 5 crore (50 million)** individuals, contributing to one of the world’s largest biometric identification systems. - **Land Record Digitization:** - Digitized **6 districts in Uttar Pradesh**. - Completed one of the largest international projects: **dematerialization of 20 million land deeds** across **168 Registrar of Deeds offices in the Philippines**, including setting up two data encoding centers in Manila and employing ~3,000 local workers. - **National Population Register (NPR):** Digitized **145 million resident records** across 27 zones and 1 UT, creating one of the world’s most comprehensive demographic databases. - **Election Commission Projects:** Generated **100 million voter ID cards** and operated **over 100,000 citizen facilitation centers** nationwide. - **Passport Seva Kendra & MCA-21:** Provided critical system integration support for national digital service delivery platforms. **Future Focus:** - **ULPIN (Bhu-Aadhaar) Rollout:** Positioned to lead in assigning Unique Land Parcel Identification Numbers to the remaining 70% of land in India. - **Aadhaar-Land Records Integration:** Scaling biometric e-KYC to **638,000 villages** to eliminate title fraud and streamline land transactions. - Bidding for upcoming **Digital India Land Records Modernisation Programme (DILRMP)** projects in urban and rural land digitization. --- #### **2. Smart Infrastructure & EPC – Sankalp Industrial Smart City Project** In 2025, VLEG made a transformative entry into large-scale infrastructure and EPC (Engineering, Procurement, and Construction), marking a strategic pivot beyond service-based contracts to asset-creating, high-value developments. **Sankalp Industrial Smart City Project:** - **MoU Signed:** With **Ekansh Concepts Ltd.** to serve as EPC Partner. - **Phased Development (Total: 1,960 acres):** - **Phase I:** 494 acres | **Contract Value: ₹800 crores** - **Phase II:** 565 acres - **Phase III:** 901 acres - **Location:** Strategic junction of **Mumbai-Nagpur Samruddhi Mahamarg** and **Delhi-Mumbai Expressway** – a key logistics and industrial corridor. - **Anchor Tenant:** Secured a major e-commerce player. - **Components:** - Rooftop solar & captive power infrastructure - Power distribution franchisee - Data centers & cloud infrastructure - Large-scale warehousing and logistics hubs - Smart residential township with IoT-enabled utilities and security - Green infrastructure with stormwater management and smart lighting This project is expected to generate long-term, **annuity-style revenue** and significantly boost VLEG’s profitability. The company intends to leverage its **zero-debt balance sheet** and **₹241.1 lakhs in FY25 free cash flow** to fund future developments internally. --- #### **3. Aerospace, Defence & Satellite Technology via HETL Acquisition** VLEG is making a strategic leap into high-tech defence and aerospace sectors through its acquisition in **HAL-Edgewood Technologies Pvt. Ltd. (HETL)**, a joint venture with **Hindustan Aeronautics Limited (HAL)**. **Key Milestones:** - **Acquisition:** Successfully acquired a **40% equity stake** in HETL (binding term sheet signed in 2025; up from 26% in 2024). - **Product: OSAMC (Open System Architecture Mission Computer)** - **India’s first indigenously designed and built** mission computer for military aviation. - **Patented (Indian Patent No. 302177)** and approved under **“Make in India”** initiative. - Designed for **Su-30MKI, Mirage-2000, Jaguar, and Hawk-132** aircraft. - Gaining export interest from global aerospace players including **GE Aviation, Elbit, and IAI**. **Strategic Impact:** - Access to a **$15+ billion market** in defence electronics. - Entry into **avionics, embedded systems, satellite electronics, and semiconductor design**. - Strengthened leadership with appointments of defence veterans: - **Mr. Hari Mohan** (Former Chairman, Ordnance Factory Board) - **Mr. Chandra Kailash Vishwakarma** (Former Executive Director, HAL) This acquisition positions VLEG as a key player in **India’s Atmanirbhar Bharat and self-reliant defence ecosystem**. --- #### **4. Renewable Energy & EV Ecosystem** Leveraging its EPC expertise and nationwide project execution capabilities, VLEG is actively entering the **renewables and EV charging** space. **Key Initiatives:** - **Solar Power Projects:** - Plans to develop **rooftop solar**, **open-access**, and **captive power** systems via joint ventures with OEMs and EPC firms. - Utilizes **Vakrangee’s network of 21,000+ Kendras** for last-mile project deployment. - **PM-eDrive Scheme:** - Aims to become a **Charging Station Operator (CPO)** under the government’s **₹10,900 crore** EV infrastructure scheme. - Targeting deployment across **urban centers and expressway corridors**. - **Data Centers & Logistics Parks:** - Developing high-return **data centers and warehousing clusters** along expressway intersections to serve industrial and e-commerce demand. --- ### **Strategic Positioning & Financial Strength** - **Zero-Capex Strategy:** Fully funded growth using **internal accruals and a zero-debt balance sheet**. - **Free Cash Flow (FY2025):** ₹241.1 lakhs (turnaround from loss to positive EBITDA of ₹143.9 lakhs). - **Bidding Power:** Strengthened credentials for large, multi-location tenders in **e-governance, EPC, and defence**. - **Technology Stack:** Investing in **AI, ML, IoT, Blockchain, and 5G-enabled infrastructure** to support smart cities and governance. --- ### **Leadership & Governance** - Strategic shift led by experienced leadership in **government projects, aerospace, and infrastructure**. - Emphasis on **intellectual property development** and **import substitution**. - Governance aligned with **environmental sustainability** (paperless operations, solar integration).