NSDL e-Governance Infrastructure Ltd IPO

In 1995, Protean was initially set up as a depository and they created a systematically important national infrastructure for capital market development in India.  The solutions provided by the company have led to identification of bottlenecks in government services, increased transparency and efficiency, redefined delivery of public services and led to a reduction in service delivery costs, according to the company. 
They are an IT enabled solutions company and Protean is engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. In FY20, they were hailed as the leading Indian e-Governance company in terms of profitability, operating income, operating margin and operating profit. 
Since the company’s inception, they have implemented and managed 18 projects spread across seven ministries and autonomous bodies ushering change in public delivery of services. They are primarily engaged with the following ministries- 
•    Ministry of Finance
•    Ministry of Information and broadcasting
•    Ministry of Education
•    Ministry of Electronics and Information Technology
•    Ministry of Communications
•    Ministry of skill development and entrepreneurship 
A few of their renowned shareholders include IIFL, NSE Investments Limited, SUUTI, Citicorp Finance India Limited, a few public and private sector banks such as State Bank of India, Punjab National Bank, Union Bank of India, Bank of Baroda and Canara Bank, HDFC Bank Limited, Axis Bank Limited, Deutsche Bank A.G, The Hong Kong and Shanghai Banking Corporation Limited, Standard Chartered Bank, among others.