Protean Enters Cybersecurity Business, Launches Protean InfoSec Services Limited – NBCNEWS

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MUMBAI, INDIA, Aug 2, 2022 /PRNewswire/ — Protean eGov Technologies Limited (formerly NSDL e-Governance Infrastructure Limited), an industry leader in universal, citizen-centric and population-centric e-governance solutions, has announced its entry into the cybersecurity business with the launch of its wholly owned subsidiary, Protean InfoSec Services Limited..

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Protean InfoSec Services Limited provides native cybersecurity advisory and advisory services to organizations across industries that need assistance in handling personally identifiable and financially sensitive information of their customers and stakeholders. Protean’s new initiative aims to bridge the gap by partnering with such enterprises and providing them with the latest cybersecurity and information security services.

mr. Suresh SethicManaging Director and CEO, Protean eGov Technologies Limited said: “We believe Protean has been at the forefront of establishing a population-scale public digital infrastructure and managing large central databases, while ensuring complete data privacy and security. We are now extending these core competencies through Protean InfoSec Services Ltd. to deliver advanced information security services and the foundation for a safe and secure digital India.”

Milind MungaleManaging Director and CEO, Protean InfoSec Services Limited said: “We are confident that, in the rapidly evolving digital world, our information and cybersecurity services will help businesses deal with various issues related to cyber threats. Protean InfoSec strives to provide a unified and modular cybersecurity framework, which can be applied by organizations of all sizes and scales. Our goal is to improve the cybersecurity attitude of the organizations that choose our services.”

Protean InfoSec Services Limited aims to serve enterprises with services such as detailed gap assessment, development of effective cybersecurity strategies, security architecture design and reinforcement, security assessment, audit and awareness training. The company wants to focus on the three most important aspects of Cyber ​​Security viz. Information and Cybersecurity Architecture, Governance Risk Compliance & Data Privacy Practice (GRC & DPP)and Technical services for information and cybersecurity. The company will also oversee the implementation of new technologies and assist our client organizations with a roadmap for enhanced cybersecurity and resilience.

About Protean eGov Technologies Limited

Protean eGov Technologies Limited (formerly NSDL e-Governance Infrastructure Limited) is a major IT services company engaged in conceiving, developing and executing nationally critical and large-scale green technology solutions. The company has worked with governments to create digital public infrastructure and develop innovative citizen-centric e-governance solutions. The company’s core strength lies not only in enabling technology, but also in providing the necessary interventions for creating ecosystems and applying disruptive technologies.

In these two and a half decades, the company has created powerful e-governance interventions impacting multiple sectors of the Indian economy and provided various IT solutions such as modernizing direct tax infrastructure, providing tax identity to citizens and businesses (issuance of the PAN card), strengthening the social security infrastructure for the elderly (National Pension System) [NPS] & Atal Pension Yojna [APY]), promote financial inclusion by contributing to the India Stack by enrolling citizens in national identity and enabling the BFSI sector by providing online PAN verification, Aadhaar based identity verification and e-Sign services. Over the years, Protean has implemented and managed 18 projects across seven ministries and autonomous bodies, heralding a change in the delivery of public services.

Protean has set up a large PAN-India network of centers to provide support services to the citizens who are digitally excluded. This Protean-created Phygital model keeps pace with our country’s vast and diverse demographic needs.

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“Protean eGov Technologies Limited is proposing, subject to receipt of required approvals, market conditions and other considerations, to make an initial public offering of its shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the SEBI website at: as well as on the websites of the book running lead managers, ICICI Securities Limited, Equirus Capital Private Limited, IIFL Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited, at,, and respectively, and the website of BSE Limited Bee Any potential investor should be aware that investing in equities involves a high degree of risk and for details of such risk see “Risk Factors” of the RHP, where available. Potential investors should not rely on the DRHP for any investment decision.

The Shares of Shares tendered in the Offer have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”) or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Shares are only being offered and sold (i) within the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act, “Rule 144A”) in transactions that are exempt from, or not subject to, registration requirements of the Securities Act , and (ii) outside the United States in offshore transactions under Regulation S under the Securities Act and in accordance with the applicable laws of the jurisdictions where such offers and sales are made. No public offering of the Shares will take place in the United States.

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