Alankit

What Alankit does

Alankit Limited is a publicly-listed Indian e-Governance and financial services intermediary founded in 1991 and headquartered in New Delhi. The company operates as a conglomerate of 15 subsidiary companies across four primary verticals — e-Governance, Financial Services, Insurance, and Healthcare — serving individual citizens, small and medium businesses, public sector banks, and unbanked/rural populations in India. Its core function is to act as an authorized last-mile facilitator for government-mandated identity, tax, financial-inclusion, pension, insurance, and skills-verification services that would otherwise require direct engagement with government agencies.

The company's product portfolio centers on TIN/PAN card processing services, Aadhaar enrollment and correction, GST Suvidha Provider (GSP) registration and compliance, Business Correspondent (BC) kiosk banking for public sector banks (SBI, Bank of Baroda, and Indian Overseas Bank among others), National Pension System (NPS) and Atal Pension Yojana (APY) enrollment as a POP-SP under PFRDA, National Skills Registry (NSR) POS-based registration for IT/ITeS professionals, and National Insurance Policy Repository (NIR) e-Insurance Account management. Distribution runs through a PAN-India network of 10,000+ business locations across 673+ cities and 26 regional offices, plus international offices in the UK, UAE, and Singapore. Technology includes biometric verification systems for NSR registrations, an e-Insurance Account management platform, AI and automation deployed for service delivery, and a GSP online portal for GST compliance.

Alankit earns revenue almost entirely through transaction-based fees: BC commissions on each banking transaction processed, account opened, or loan disbursed; fees on each PAN application processed (Rs standard government-mandated rates); GST registration fees ranging from Rs 1,000 to Rs 2,000 plus 18% GST; e-Insurance Account opening/management fees; and NSR registration (Rs 400 one-time plus Rs 100 annual renewal). Pricing is largely indirect, set by government mandate or bank commission schedules rather than Alankit directly. For FY ended March 2026, the company reported revenue of Rs 343.49 crore (up 14.09% YoY) with net profit of Rs 19.10 crore (down 3.83% YoY); Q4 FY2026 net profit declined 49.29% YoY and operating margin compressed from 12.23% to 4.51%.

Name

Alankit

Legal name

Alankit Limited

Website

https://alankit.in

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Alankit Limited is a publicly-listed Indian e-Governance and financial-inclusion intermediary that facilitates government-mandated services (PAN, Aadhaar, GST, NPS/APY, NSR, e-Insurance) for citizens, SMBs, and public sector banks through a network of 10,000+ locations and partnerships with 10 PSBs.

Ownership category

akta.pro rank

Product category

e-Governance Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computer Systems Design and Related Services (54151)

SIC

Finance Services (6199), Services-Prepackaged Software (7372)

akta.pro primary industry

Regulator/Authority Connectivity & Submission Gateways (APIs, Portals) (FSAFAKAN)

Keywords

• E-governance services
• Identity verification services
• Tax compliance services
• Financial inclusion services
• Government digital services

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Business Correspondent Commission: Alankit operates as a Business Correspondent (BC) for public sector banks, earning commission for each banking transaction processed, new account opened, and loan disbursed through its BC network locations.
2. PAN Card Processing Services: Fees charged for processing PAN card applications (fresh applications, corrections, duplicate cards) through its TIN-Facility Centers across India on behalf of the Income Tax Department.
3. GST Suvidha Provider (GSP) Services: Revenue from facilitating GST registration, return filing, and compliance services as an authorized GST Suvidha Provider.
4. e-Insurance Account Services: Fees for National Insurance Policy Repository (NIR) services including e-insurance account opening and policy management.
5. NSR Registration Services: Registration and annual usage fees for National Skills Registry (NSR) services, including ITPIN generation and profile management for IT/ITeS professionals.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels4 records

Core offering

Alankit Limited is a public-listed e-Governance service provider in India delivering government-to-citizen (G2C) services through a PAN-India network of 10,000+ business locations. The company's core offerings include PAN card processing as an authorized TIN Facilitation Centre, Aadhaar enrollment/correction, GST registration and return filing as an authorized GST Suvidha Provider (GSP), and Business Correspondent (BC) banking services for public sector banks. Additionally, Alankit facilitates National Pension System (NPS), Atal Pension Yojana (APY), National Skills Registry (NSR), and National Insurance Policy Repository (NIR) services under authorized partnerships with government regulators.

Product overview

Alankit Limited is a diversified e-Governance service provider offering a comprehensive suite of digital services through its PAN India network of over 10,000 business locations and 26 regional offices. The company's product portfolio centers on government G2C (Government-to-Citizen) services including PAN Card processing (TIN/PAN), Aadhaar Services, and GST compliance solutions (GSP). Alankit operates as a Business Correspondent for major public sector banks (SBI, Bank of Baroda, Indian Overseas Bank) delivering last-mile financial inclusion through kiosk banking. The company also provides specialized services including National Pension System (NPS), Atal Pension Yojana (APY), National Skills Registry (NSR), National Insurance Policy Repository (NIR), FASTag, and document management solutions. Built on AI and automation technology, these services span financial services, RegTech, insurance, and healthcare sectors, serving over 100 million retail customers.

Differentiator

Problem solved

Functional benefit

Brands

• Alankit Limited: Parent company brand for e-Governance and fintech services

Products and services

• PAN Card Services (TIN/PAN)

Quantifiable outcome

• 25 million+ customers served; 11 lakh+ monthly transactions processed; Rs 343.49 crore annual revenue for FY 2026; partnership with 10 public sector banks

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Eight partnerships are on record, tiered core.

• Indian Overseas BankcoreChannel Partner/ Reseller/ Distributor · 21 April 2026Alankit Limited partnered with Indian Overseas Bank as its Business Correspondent (BC), becoming the tenth public sector bank in Alankit's network. The partnership enables Indian Overseas Bank to offer basic banking facilities through 2,600+ BC locations across Gujarat, Maharashtra, Punjab, and Uttar Pradesh.
• State Bank of India (SBI)coreChannel Partner/ Reseller/ DistributorAlankit operates SBI Kiosk Banking outlets across India as a Business Correspondent for State Bank of India, enabling last-mile banking services in areas where SBI does not have physical branches.
• Bank of Baroda (BOB)coreChannel Partner/ Reseller/ DistributorAlankit operates kiosk banking outlets for Bank of Baroda as a Business Correspondent, extending the bank's reach into rural and semi-urban areas through the Alankit franchise network.
• NSDL (National Securities Depository Ltd)coreTechnology or IntegrationNSDL manages the Central Record Keeping Agency (CRA) for the National Pension System (NPS). Alankit acts as a POP-SP (Point of Presence - Service Provider) for NPS, enabling subscribers to contribute to their NPS Tier I and Tier II accounts through Alankit's network.
• NDML (NSDL Database Management Ltd)coreTechnology or IntegrationNDML, a wholly-owned subsidiary of NSDL, owns and manages the National Skills Registry (NSR). Alankit is an authorized POS (Point of Service) center for NSR registration, collecting biometric data and processing ITPIN generation for IT/ITeS professionals.
• PFRDA (Pension Fund Regulatory and Development Authority)coreTechnology or IntegrationAs a POP-SP (Point of Presence - Service Provider), Alankit enables subscriber enrollment in the National Pension System (NPS) and Atal Pension Yojana (APY) under PFRDA regulation, managing account opening and contribution processing.
• Income Tax Department (TIN/NSDL)coreTechnology or IntegrationAlankit is an authorized TIN-Facility Center accepting PAN applications (Form 49A, 49AA) and e-TDS/e-TCS/AIR/e-TBAF returns on behalf of the Income Tax Department, Government of India.
• Goods and Services Tax Network (GSTN)coreTechnology or IntegrationAlankit is an authorized GST Suvidha Provider (GSP), facilitating GST registration, return filing, and compliance services through integration with the GSTN platform.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PayNearby: Digital services and BC network providing AePS, micro-ATM, banking, insurance and travel services through neighbourhood retail outlets. Direct peer to Alankit's BC and financial-inclusion franchise model.
• FINO Payments Bank: Operates one of India's largest Business Correspondent-led banking networks for financial inclusion, with similar last-mile deposit, remittance, and government-scheme enrollment use cases as Alankit's BC vertical.
• Eko (Eko India Financial Services): Provides a Business Correspondent-as-a-Service platform enabling banks, NBFCs and fintechs to deliver deposit, remittance, and digital services through partner retail outlets. Directly comparable to Alankit's BC network economics and APIs.
• UTI Infrastructure Technology And Services Limited (UTIITSL): Operates PAN/TAN facilitation centers, Aadhaar services, capital market services, and other investor and citizen services through a national service center network. Directly comparable to Alankit's TIN/PAN and e-governance facilitation business.
• CSC e-Governance Services India Limited: Operates the government-promoted Common Service Center network delivering e-governance, Aadhaar, PAN, insurance and banking services in rural India. Directly comparable to Alankit's facilitation/franchise model for government-to-citizen services.
• Protean eGov Technologies Limited: Formerly NSDL e-Governance Infrastructure; operates PAN/TAN, TIN, Aadhaar and other government technology platforms. Direct competitor in the regulator-connectivity and e-governance rails that drive Alankit's largest revenue streams.
• Spice Money: Operates Adhikari network of business correspondent points offering banking, AePS, insurance and digital services. Overlaps directly with Alankit's BC banking and digital-financial-services lines across rural and semi-urban India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/AlankitGroup1
• YouTubeyoutube.com/@AlankitLimited
• Facebookfacebook.com/AlankitGroup
• LinkedInlinkedin.com/company/alankit
• Instagraminstagram.com/alankit_limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alankit