Protean eGov secures Rs 161 crore CERSAI contract for CKYCRR 2.0

The contract, awarded by the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), tasks Protean with acting as the System Integrator for the Design, Development, Implementation, Operations, and Maintenance of the next-generation Central KYC Records Registry (CKYCRR 2.0).

Protean eGov Technologies Limited (formerly NSDL e-Governance Infrastructure Limited), a leader in e-governance services, has announced the receipt of a major work order worth approximately INR 161 crore. The contract, awarded by the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), tasks Protean with acting as the System Integrator for the Design, Development, Implementation, Operations, and Maintenance of the next-generation Central KYC Records Registry (CKYCRR 2.0).

This significant project underscores Protean’s continued leadership in driving innovation within India’s digital infrastructure. CKYCRR 2.0 aims to streamline and enhance the centralized KYC process, ensuring efficient and secure data management for financial entities across the country.

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The project, set to span over 69 months, highlights Protean’s expertise in delivering large-scale e-governance solutions. With this contract, Protean reaffirms its commitment to modernizing India’s financial ecosystem by integrating cutting-edge technology and seamless digital services.

Speaking on the development, Sandeep Mantri, CFO of Protean eGov Technologies, said, “We are proud to partner with CERSAI on this transformative project. This collaboration aligns with our vision to leverage technology to enhance transparency, compliance, and efficiency in India’s financial and governance frameworks.”