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Protean eGov Sees 12% Drop in PAN Card Issuance FY25

Summary by MediaNama
Protean eGov Technologies’ latest quarterly earnings reveal a notable decline in the issuance of new Permanent Account Number (PAN) cards for the first time in at least four years. In Q4 FY25, the company issued 1.1 crore new PAN cards—10 lakh fewer than in the same quarter last year. Over the entire fiscal year, Protean issued 4.4 crore PAN cards, marking a 12% drop from the previous year’s 5 crore issuance. This accounts for 63% of all new PAN…
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MediaNama broke the news in on Thursday, May 22, 2025.
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