Protean eGov Technologies announced that it has received a work order worth approximately Rs 100 crore from Bima Sugam India Federation (BSIF). In a regulatory filing, the company said, “…we are pleased to inform you that Protean eGov Technologies Limited (the Company) has been awarded a prestigious and strategically significant work order valued at approximately Rs 100 crore, on June 9, 2025, by the Bima Sugam India Federation (BSIF) through the RFP process.”
As part of the work order, Protean will act as the technology solution provider, supervising comprehensive development, implementation, support and maintenance of the Bima Sugam Marketplace, including platform integrations and marketplace protocols.
“This engagement further strengthens Protean’s role as a trusted technology partner in India’s Digital Public Infrastructure (DPI) journey, building on our legacy of enabling critical citizen-centric digital systems at national scale,” it said in a statement.
The contract is expected to be completed within 72 months from the date of execution of contract.
BSIF is a not-for-profit entity led by key stakeholders of the Indian insurance ecosystem and it governs Bima Sugam, a digital public platform envisaged as a unified, nation-scale marketplace for insurance products and services.
Shares of Protean eGov Technologies were down 4.45 per cent at 9:40 am today at a trading price of Rs 994.00.