Protean eGov Technologies Limited has informed the Exchange about change in Management - (1) Appointment of Additional Director (Executive) designated as MD & CEO and KMP; (2) Appointment of Independent Director (Non-Executive)
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Protean eGov Technologies reported strong FY2026 results with standalone revenue of ₹996.43 crore (up 18% YoY) and PAT of ₹94.32 crore. Consolidated revenue stood at ₹997.75 crore with PAT of ₹100.59 crore. The Board approved a 100% final dividend of ₹10 per share. Key leadership changes include appointment of Mr. Ajay Rajan (from YES Bank and Deutsche Bank background) as MD & CEO effective June 1, 2026, replacing the current CEO Easwaran Venkateswaran. Mr. Nandkumar Saravade (former RBI IT CEO and BSE Public Interest Director) was appointed as Independent Director for 3 years. The company also completed a demerger of GRC and SOC businesses from its subsidiary.
The leadership transition brings in an experienced banking professional with fintech expertise. The strong financial performance and dividend announcement are positive signals for shareholders, while the new independent director strengthens governance.