Alankit Limited (ALANKIT.BO)
Alankit Limited operates in the Information Technology Services industry of the Technology sector, headquartered in New Delhi, DE, IN. The stock last traded at $8.34, up 2.96% on the session, giving a market capitalisation of $2.26B. Its beta of 0.66 implies it has historically moved less than the broad market.
Alankit Limited, a New Delhi-based company established in 1989 and formerly known as Euro Finmart Limited until its renaming in September 2014, is a prominent provider of e-governance products and services across India. The company operates primarily through its E-Governance Services and E-Governance Trading segments. Its comprehensive e-governance offerings encompass facilitating Permanent Account Number (PAN) card applications and modifications, processing various electronic tax returns (e-TDS/e-TCS/AIR/e-TBAF) for corporate and non-corporate entities, and digitizing paper-based returns for the income tax department. Alankit is also deeply involved in Aadhaar card services, including enrolment, data uploads, corrections, and updates. It functions as a GST Suvidha Provider, delivering end-to-end solutions for Goods and Services Tax compliance. The company contributes to the development of the National Skills Registry, creating a reliable and accessible information hub for registered individuals, and supports the Atal Pension Yojana, encouraging productive-age savings for retirement. Furthermore, it manages Recordxpert.com, a web-based portal for health and wellness that facilitates the scanning and digitization of medical records. Beyond these core e-governance activities, Alankit distributes card printers and related accessories, implements and manages the Paper to Follow Process for cheque truncation systems, and enables online insurance policy issuance and management through e-Insurance Accounts. Its diverse services extend to manpower consultancy, kiosk banking, and offering the National Insurance Policy Repository for secure electronic storage of insurance policies. The company also provides a suite of technological solutions, including API services, GST Smart Muneemji software, e-Raahi, e-Invoicing, cloud-based ERP systems for billing and e-Invoicing, integrated GST compliance tools, and electronic signature solutions. Additionally, Alankit offers various attestation services, such as MEA, apostille, and HRD attestations.
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