What Alankit Assignments Limited does

Alankit Assignments Limited is an India-based private company founded in 1995 and headquartered in New Delhi, operating as the parent of a conglomerate of 12 group companies (the Alankit Group) with diversified activities across Government-to-Citizen (G2C) e-governance services, financial services, wealth management, healthcare, and insurance. The company provides end-to-end processing and last-mile delivery of regulated citizen-facing services including PAN/TAN applications (via TIN Facilitation Centers), Aadhaar enrollment (UIDAI-authorized), GST registration and filing (including as a GST Suvidha Provider), National Pension System account management (PFRDA-empaneled POP-SP), Income Tax Return filing, Digital Signature Certificates, and Ayushman Bharat facilitation. It also operates Consular Passport and Visa (CPV) services, attestation, manpower services, smart card printing, NSR registration for NASSCOM, IEPF claim processing, and registrar/share transfer agent services through wholly-owned subsidiaries.

The underlying technology is a digital e-governance service delivery platform integrating directly with government systems (UIDAI, Income Tax Department, NSDL, PFRDA/NPS Trust, bank systems for DBT). Kiosk Banking/Business Correspondent infrastructure uses biometric-enabled remote technology for real-time banking in underserved areas. Subsidiaries include Alankit Insurance Brokers Limited (IRDA-licensed insurance distribution), Alankit Insurance TPA Ltd. (health insurance claims administration), Alankit Forex India Ltd. (forex and remittance), and the Alankit NPS Portal.

The business model is primarily transaction-fee based across eight or more service lines, with B2C fees (e.g., Rs 110 per PAN application, Rs 1,500-3,000 per ITR filing) and B2B commissions from bank BC partnerships, corporate NPS enrollments, and insurance distribution. Distribution is multi-channel: 6,120+ physical business locations across 673+ cities, 10,000+ Customer Service Points operated through Business Correspondent agents, 22 regional offices, online self-service portals, and overseas offices in the UK, UAE (Dubai), and Singapore serving NRIs. Customer concentration is diffuse across 21 million+ individual citizens and 3,300 corporate clients, with key relationships including Central Bank of India, UAE Embassy, and over 10 nationalized bank BC partnerships. Ankit Agarwal serves as Managing Director; ownership is founder-controlled with no disclosed external investors.

Name

Alankit Assignments Limited

Legal name

Alankit Assignments Limited

Website

https://alankit.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Alankit Assignments Limited is an India-based private conglomerate operating 12 group companies that deliver Government-to-Citizen e-governance services (PAN, Aadhaar, GST, NPS, ITR filing) and Business Correspondent banking through 6,120+ locations across 673+ cities, serving 21 million+ individuals and 3,300 corporate clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Coimbatore, Tamil Nadu

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Government-to-Citizen (G2C) Services: Fees charged for processing PAN cards, TAN applications, Aadhaar services, ITR filing, NPS account services, and various government document processing. Revenue generated through transaction fees and service charges per application processed.
2. Business Correspondent / Kiosk Banking: Commission revenue from banking transactions processed through CSP network including cash deposits, withdrawals, money transfers, and micro-ATM transactions. Works with over 10 nationalized banks as Business Correspondent.
3. Insurance Broking: Alankit Insurance Brokers Limited (AIBL), established 2003, licensed by IRDA, earns commission from insurance product distribution across life, health, and general insurance.
4. Healthcare TPA Services: Alankit Insurance TPA Limited provides cashless hospitalization and reimbursement claim processing services for health insurance beneficiaries, earning fees from insurance companies.
5. Financial Services: Registrar and Share Transfer Agent services, demat account services, trading account services, and wealth management through subsidiary companies.
6. Forex Services: Alankit Forex India Ltd provides foreign exchange services including currency notes, prepaid forex cards, remittance services, and travel insurance, earning margins on forex transactions.
7. Manpower Services: Professional, skilled, semi-skilled and unskilled manpower supply to various Ministries and Organizations.
8. Consular Passport and Visa (CPV) Services: Authorized service provider for CPV services in Germany and other locations, earning fees for passport renewals, visa applications, OCI services, and document attestation.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels8 records

Core offering

Alankit Assignments Limited is an e-Governance service provider that delivers Government-to-Citizen (G2C) services through a network of 6,120+ business locations across 673+ cities in India. Its core offerings include PAN card processing (via TIN Facilitation Centres), GST registration and filing as a GST Suvidha Provider, Aadhaar enrollment, National Pension System (NPS) account management, Income Tax Return filing, Kiosk Banking through Customer Service Points (CSPs), and Digital Signature Certificates. The platform integrates with government systems including UIDAI, Income Tax Department, NSDL, and PFRDA.

Product overview

Alankit Assignments Limited is a diversified conglomerate operating 12 group companies offering a comprehensive portfolio of Government-to-Citizen (G2C) e-governance services, financial services, and insurance solutions across India. The core offering consists of PAN card services, GST solutions (including GST Suvidha Provider), Aadhaar services, NPS retirement planning, Kiosk Banking/Business Correspondent services, ITR filing, Digital Signature Certificates, Smart Card Printers, and Attestation services. The company also operates in insurance broking (Alankit Insurance Brokers - IRDA licensed since 2003) and health insurance TPA services (Alankit Insurance TPA - licensed since 2003). With presence in over 673 cities through 6,120+ business locations and 21 regional offices, Alankit serves as a Point of Presence for various government schemes including NPS, Ayushman Bharat, and multiple banking correspondent partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• Alankit GST: GST services and solutions portal
• Alankit Attestation
• Alankit Forex
• Alankit NPS

Products and services

• PAN Services Permanent Account Number (PAN) card application, correction, and processing services for Indian residents and NRIs through TIN Facilitation centres across India, integrated with NSDL PAN department.
• GST Suvidha Provider (GSP) Authorised GST Suvidha Provider (GSP) for GST portal registration, return filing, and reconciliation services for businesses, including GST Suvidha Provider solutions.
• Aadhaar Services UIDAI-authorised Aadhaar enrollment, update, and verification services for national identity management at designated centres.
• National Pension System (NPS) PFRDA-registered Point of Presence (PoP) for National Pension System account opening, contributions, and retirement planning services including Tier-I, Tier-II, NPS Vatsalya for minors, and Atal Pension Yojana.
• Kiosk Banking / Business Correspondent Business Correspondent services providing banking access to unbanked communities through Customer Service Points (CSP) with over 10,000 business locations and partnerships with 10+ nationalised banks, including account opening, cash deposits/withdrawals, money transfers, and micro-ATM transactions.
• ITR Filing Services Income Tax Return filing services covering ITR 1, ITR 2, ITR 3, ITR 4, and ITR 5 for individuals, HUFs, firms, and LLPs.
• Digital Signature Certificate (DSC) Digital Signature Certificate registration and issuance for secure electronic document signing and compliance.
• PVC Card Printer PVC card printers including Solid 510D model with dye sublimation and reverse transfer capabilities, 300-1200 dpi printing resolution, and FINE Imaging Technology for ID card production.
• Manpower Services Manpower recruitment and staffing solutions providing professional, skilled, semi-skilled, and unskilled workforce to various Ministries and Organisations.
• Attestation Services Document attestation and apostille services for personal, commercial, and official documents through Alankit Attestation.
• Ayushman Bharat Yojana Facilitation Government health insurance scheme facilitation and support services under Ayushman Bharat Yojana.
• Consular Passport and Visa (CPV) Services Passport issuance, visa processing, OCI services, and consular document attestation; Alankit is an authorised service provider in Germany.
• NIR (NSDL Insurance Repository) E-Insurance Account (eIA) opening and management for insurance policy record keeping through NSDL Insurance Repository.
• National Skills Registry (NSR) NASSCOM National Skills Registry registration and biometric data capture services for IT/BPO industry professionals.
• Forex Services Foreign exchange services including currency notes, prepaid forex cards, remittance services, and travel insurance through Alankit Forex India Ltd.
• IEPF Claim Services Investor Education and Protection Fund (IEPF) claim processing and enquiry services for unclaimed dividends and deposits.
• Registrar and Share Transfer Agent (RTA) Registrar and Share Transfer Agent (RTA) services for equity and commodity trading, demat account operations, and mutual fund transactions.
• Alankit Insurance Brokers IRDA-licensed insurance broking house established in 2003 providing comprehensive insurance solutions across life, health, and general insurance.
• Alankit Insurance TPA (Third Party Administrator) Licensed Third Party Administrator for health insurance cashless hospitalization and reimbursement claim processing, established in 2003.
• GST Solutions Goods and Services Tax (GST) registration, filing, and compliance services including GST Suvidha Provider solutions for businesses.

Quantifiable outcome

• Processed over 1.10 million CSP transactions worth Rs 5.77 billion through Business Correspondent network
• +3 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Central Bank of IndiacoreChannel Partner/ Reseller/ DistributorPartnership renewal for Business Correspondent services, delivering banking solutions to last-mile communities through CSP network. Alankit acts as Corporate BC/CSP for the bank.
• 10+ Nationalized BankscoreChannel Partner/ Reseller/ DistributorBusiness Correspondent partnerships with multiple public sector banks including SBI, PNB, etc. to extend banking services to underserved areas through CSP network. Banks provide commission for transactions processed.
• UAE EmbassycoreStrategic or Co-development PartnerAuthorized service provider for consular, passport, and visa services. Alankit provides CPV services including passport renewals, visa applications, OCI services, and document attestation for Indian nationals in Germany.
• PFRDA (Pension Fund Regulatory and Development Authority)coreStrategic or Co-development PartnerRegulatory partnership for NPS service delivery. Alankit is appointed as Point of Presence Service Provider (POP-SP) for National Pension System, one of the first such appointments.
• UIDAI (Unique Identification Authority of India)coreStrategic or Co-development PartnerAuthorized enrollment agency for Aadhaar services, providing PAN card-like identification and verification services integrated with government digital identity system.
• Income Tax Department / NSDLcoreStrategic or Co-development PartnerAuthorized TIN Facilitation Center operator for PAN/TAN processing and application reception on behalf of Income Tax Department through NSDL.
• NASSCOM / NSDL Database Management LimitedminorStrategic or Co-development PartnerPoint of Service (POS) for National Skills Registry (NSR) registration, providing IT/BPO industry professional background verification services. NDML manages NSR on behalf of NASSCOM.
• High Commission and Consulate Offices of IndiacoreStrategic or Co-development PartnerCollaboration with Indian diplomatic missions for CPV services, working with High Commission and Consulate Offices in Germany and other locations.

Scale indicators13 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Fino Payments Bank: Operates a large BC / BC-aggregator fintech-led network competing for the same nationalized-bank BC mandates and last-mile banking customers that drive Alankit's CSP economics.
• PB Fintech Limited (Policybazaar / Paisabazaar): Digital-first insurance and credit marketplace. Comparable on the insurance broking line, but a channel-disrupting competitor that competes for the same end customers through a different model.

Direct peers

• UTI Infrastructure Technology And Services Limited (UTIITSL): Operates TIN Facilitation Centers, PAN services, PAN validation, mutual fund RTA and a range of e-governance services. Direct competitor in PAN/TAN processing and adjacent registrar services.
• NSDL Database Management Limited: Manages the NASSCOM National Skills Registry and other financial KYC databases. Overlaps with Alankit's NSR services and shared NSDL ecosystem relationships.
• Bajaj Capital Limited: Diversified financial distribution including insurance broking, mutual funds, fixed deposits and forex. Closely comparable on the insurance distribution and multi-product intermediary side.
• CSC e-Governance Services India Limited: Government-promoted Common Service Center network delivering G2C services (Aadhaar, PAN, ITR, banking correspondency, insurance) through village-level entrepreneurs. Most direct structural competitor to Alankit's POP / CSP model.
• Karvy Data Management Services Limited: Provides RTA, e-governance and document processing services with overlapping PAN/TAN, demat and BC capabilities. Operates a similar multi-line intermediary model, despite past regulatory headwinds.
• Protean eGov Technologies Limited: Formerly NSDL e-Governance Infrastructure; the largest TIN Facilitation Center / PAN processing network in India and a direct competitor across Alankit's core PAN, TAN and e-governance lines. Operates a similar regulator-empaneled POP model.

Broad incumbents

• KFin Technologies Limited: Mutual fund and corporate RTA, investor services and asset-management technology. Comparable registrar and shareholder-services capability, but broader institutional focus.
• Computer Age Management Services Limited (CAMS): Largest mutual fund RTA in India with broader financial services distribution. Comparable on the registrar / recordkeeping side, but does not compete in PAN/POP lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/alankit_limited
• YouTubeyoutube.com/@alankit
• Instagraminstagram.com/alankit_limited
• LinkedInlinkedin.com/company/alankit-assignments-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

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 Assignments Limited