Trading Symbol

PROTEAN (NSE)

Key Announcement

Protean eGov Technologies Limited ("the Company") has entered into a collaboration with Yubi Group to integrate India's digital public infrastructure into the credit lifecycle. The partnership brings together Protean's trusted identity, verification, and data capabilities with Yubi's lending platforms.

Strategic Rationale

The collaboration aims to address India's significant credit gap, particularly for MSMEs, estimated at over ₹60 lakh crore in formal credit. Only 28% of Indian adults (aged 18-60) are credit-active according to cited reports. The partnership seeks to enable faster customer onboarding, better-informed underwriting, and a seamless digital experience for lenders and borrowers.

Operational Benefits

The integration will focus on four key moments in the lending process:

  • Onboarding: Verified identity, KYC and consent embedded in the journey for individuals and MSMEs, aiming to reduce drop-off and acquisition costs
  • Knowledge sharing: CKYC search at onboarding, digital re-KYC, and portable KYC/documentation across co-lending partners
  • Underwriting: Consented bank statements and ITRs analyzed automatically to provide lenders with better visibility into borrower cash flows
  • Closing: Digital signing of agreements, sanction letters and security documents for faster disbursement and cleaner audit trails

Company Capabilities

Protean brings trusted identity, verification and data capabilities built for population scale. Yubi has facilitated over ₹3.2 lakh crore in credit through its lending infrastructure that banks and other lenders utilize.

Management Commentary

Gaurav Kumar, Founder & CEO, Yubi Group: "India has built world-class digital public infrastructure, yet lenders still make too many credit decisions without a clear view of who the borrower is. Our aim is to give lenders the confidence to say yes more often, and to give borrowers a faster, fairer and more transparent path to credit, at national scale."

Mr. Ajay Rajan, MD & CEO, Protean eGov Technologies Limited: "Digital Public Infrastructure can be a powerful catalyst for transforming India's lending ecosystem. We see this partnership as an opportunity to translate DPI capabilities into tangible business value and accelerate innovation across the financial services ecosystem at scale."

Mr. Rakesh Dosi, Chief Business & Product Officer, Protean eGov Technologies Limited: "One platform, one verified borrower, from first click to final signature, built on public rails and scaled by private innovation will be a game changer."

About Yubi Group

Yubi Group is described as the world's only AI-powered operating system (OS) for financial services, founded in 2020 by CEO Gaurav Kumar. The Group comprises YuVerse, Accumn, Spocto X, YuCollect, Yubi Wealth - subsidiaries that deliver end-to-end AI-based solutions in lending, underwriting, collections and wealth management. Backed by investors including Peak XV, Insight Partners, Lightspeed, B Capital Group, Dragoneer, and TVS Capital. The company has facilitated 3.5 crore transactions, serving 17,000+ enterprises and 6,200+ investors & lenders while reducing collections costs by 57%.

Forward-Looking Statements

The press release contains forward-looking statements relating to anticipated future events, business prospects, operational outcomes, and strategic initiatives, with the note that actual results may differ materially due to various risks, uncertainties, regulatory developments, and other factors beyond the control of the parties.

Filing Details

Filed by Maulesh Kantharia, Company Secretary & Compliance Officer (FCS 9637) of Protean eGov Technologies Limited on November 11, 2026, at 12:36:07 IST.