Alankit
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.
- Company typePublic
- Founded1991
- HeadquartersNew Delhi, India
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
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%.
Alankit firmographics
Firmographics- 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
Alankit industry classification
Industry- 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
Where Alankit is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices6 records
Markets served
Alankit business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- 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.
- 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.
- GST Suvidha Provider (GSP) Services: Revenue from facilitating GST registration, return filing, and compliance services as an authorized GST Suvidha Provider.
- e-Insurance Account Services: Fees for National Insurance Policy Repository (NIR) services including e-insurance account opening and policy management.
- 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
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | NSR Registration: Rs 400 one-time (Rs 300 registration + Rs 100 first-year usage) plus annual renewal fees of Rs 100 |
| Transaction based/ take rate | Pay-as-you-go | PAN Card Application: Standard government-mandated processing fee |
| Transaction based/ take rate | Pay-as-you-go | GST Registration Fees: Rs 1,000-2,000 + 18% GST depending on business type |
| Other | Monthly | Atal Pension Yojana (APY): Contribution-based with no direct Alankit fees; government co-contribution of up to Rs 1,000/year for eligible subscribers |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels4 records
Alankit product offering
Product offeringCore 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
Companies that use Alankit
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles4 records
Alankit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature3 records
Alankit partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- Indian Overseas BankcoreAlankit 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)coreAlankit 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)coreAlankit 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)coreNSDL 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)coreNDML, 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)coreAs 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)coreAlankit 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)coreAlankit 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
Alankit competitors and assessment
Company assessmentDirect 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
Alankit social profiles
Digital presenceAlankit compliance and trust
Trust signalCompliance1 record
Alankit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alankit leadership team
Management profileNumber of profiles
Profiles1 record
Alankit subsidiaries and ownership
Company hierarchySubsidiaries1 record
Alankit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alankit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Alankit
What does Alankit do?
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.
Is Alankit a public or private company?
Alankit is a public company. It is classified as public and is currently operating.
When was Alankit founded?
Alankit was founded in 1991. It employs 1,001 to 5,000 people.
Where is Alankit based?
Alankit is headquartered in New Delhi, India, in the Asia region.
How does Alankit make money?
Five revenue lines are on record. Business Correspondent Commission is the primary driver. The others are PAN Card Processing Services, GST Suvidha Provider (GSP) Services, e-Insurance Account Services and NSR Registration Services.
Who are Alankit's main competitors?
Direct peers on record are PayNearby, FINO Payments Bank, Eko (Eko India Financial Services), UTI Infrastructure Technology And Services Limited (UTIITSL), CSC e-Governance Services India Limited, Protean eGov Technologies Limited and Spice Money.
Does Alankit have an API?
No public API is recorded for Alankit.
What industry is Alankit in?
Alankit's product category is e-Governance Services. Its primary akta.pro industry code is FSAFAKAN, Regulator/Authority Connectivity & Submission Gateways (APIs, Portals). Its NAICS code is 52232 and its SIC code is 6199.