Latest news with #PermanentAccountNumber
Business Standard
3 days ago
- Business
- Business Standard
LTIMindtree bags Rs 792 crore PAN 2.0 project from CBDT
LTIMindtree announced that it has secured a Rs 792 crore contract from the Central Board of Direct Taxes (CBDT) to transform India's Permanent Account Number (PAN) infrastructure through the PAN 2.0 project. As part of the Government-to-Citizen (G2C) initiative, the company will design, build, and manage an integrated digital platform that consolidates PAN and TAN services. This project is a key component of the governments e-governance efforts aimed at making it easier for citizens and businesses to access and manage one of Indias core financial identity systems. According to an exchange filing, LTIMindtree will be responsible for designing, building, and operating the full technology backbone, which includes infrastructure, security, automation, and ongoing operations. The company will deliver an end-to-end digital AI ecosystem covering the entire PAN service lifecycle from application and validation to printing and dispatch all through a user-friendly platform. This aligns with the governments initiative to provide services to Indian citizens through seamless digital channels. The project scope involves migrating existing PAN data using AI-led deduplication and securely integrating it with the Aadhaar Data Vault. It also includes establishing robust infrastructure such as a Data Centre (DC), Disaster Recovery (DR) site, Network Operations Centre (NOC), and Security Operations Centre (SOC). LTIMindtree will set up operational facilities at the Income Tax Department premises and implement a call centre, multilingual helpdesk, and grievance redressal system to support citizens. Additionally, the company will oversee audit and certification processes to ensure compliance and quality assurance while providing long-term operations and maintenance to keep the platform reliable, secure, and scalable. Scheduled for rollout over the next 18 months, PAN 2.0 is expected to significantly enhance the efficiency and transparency of tax identity services in India. Beyond operational improvements, the project strengthens the governments broader digital transformation strategy by introducing smarter processes, stronger safeguards, and improved access for millions of users. For LTIMindtree, this mandate marks a significant milestone in its ongoing mission to deliver impactful, national-scale digital solutions. Venu Lambu, CEO and managing director of LTIMindtree, said, Were honoured to be entrusted with building this next-generation platform, PAN 2.0 is a flagship opportunity to demonstrate how AI and technology can elevate the everyday experience of citizens. It strengthens our partnership with the Government of India and reflects our shared commitment to building a resilient, future-ready public digital infrastructure. LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients. The scrip declined 1.04% to Rs 4,985 on the BSE.
Business Standard
3 days ago
- Business
- Business Standard
LTIMindtree bags PAN 2.0 project worth Rs 792 cr
LTIMindtree has been awarded a Rs 792 crore mandate by Government of India's Central Board of Direct Taxes (CBDT) to transform India's PAN (Permanent Account Number) infrastructure. As a part of the Government to Citizen (G2C) initiative, this PAN 2.0 project will consolidate all PAN and TAN services into a single, streamlined digital platform, making it easier for citizens and businesses to access and manage one of India's core financial identity systems. For this PAN 2.0 mandate, LTIMindtree will design, build, and operate the full technology backbone, including infrastructure, security, automation, and ongoing operations. LTIMindtree will deliver an end-to-end digital AI ecosystem covering the entire PAN service lifecycle, including application, validation, printing, and dispatch, all through a user-friendly platform. This is in line with the government's e-governance initiative aimed at delivering services to Indian citizens through digital channels.
Business Upturn
4 days ago
- Business
- Business Upturn
LTIMindtree to build PAN 2.0 platform under Rs 792 crore mandate; rollout in 18 months
LTIMindtree Limited has been awarded a significant ₹792 crore contract by the Central Board of Direct Taxes (CBDT) to develop and operate 'PAN 2.0', a next-generation digital platform to transform the Permanent Account Number (PAN) system in India. The announcement was made via a stock exchange filing on August 7, 2025. The project, part of the Government of India's broader Government-to-Citizen (G2C) digital transformation agenda, will integrate all PAN and TAN services into a unified, AI-powered digital ecosystem. The aim is to simplify how individuals and businesses access and manage their tax identity information. Under the terms of the mandate, LTIMindtree will design, build, and manage the entire technology stack for PAN 2.0, including infrastructure, security, automation, and long-term operations. The project will involve AI-led deduplication and secure Aadhaar-linked integration, along with user-friendly features for application, validation, printing, and dispatch. 'This is a flagship opportunity to demonstrate how AI and technology can elevate the everyday experience of citizens,' said Venu Lambu, CEO and MD of LTIMindtree. 'It strengthens our partnership with the Government of India and reflects our shared commitment to building a resilient, future-ready public digital infrastructure.' The scope of work also includes establishing a dedicated Data Centre (DC), Disaster Recovery (DR) site, Network Operations Centre (NOC), Security Operations Centre (SOC), and on-site operational facilities at ITD premises. Additionally, LTIMindtree will set up a call centre, multilingual helpdesk, and grievance redressal system to enhance citizen support and service delivery. The platform rollout is scheduled over the next 18 months, with the initiative expected to significantly enhance the transparency, security, and efficiency of India's tax identity services. Disclaimer: The information above is based on official disclosures made by LTIMindtree to the stock exchanges and should not be construed as investment advice. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
India Today
5 days ago
- Business
- India Today
PAN 2.0 to launch next year: All you need to know
In a major move to improve taxpayer services, the Income Tax Department has awarded the PAN 2.0 Project to the successful bidder, M/s LTIMindtree Limited. The project, which was earlier approved by the Cabinet Committee on Economic Affairs (CCEA), is set to go live within the next 18 PAN 2.0 Project is aimed at creating a modern, user-friendly, and efficient system for handling all matters related to PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number). It will serve as a one-stop platform for services such as allotment of PAN/TAN, updates and corrections, Aadhaar-PAN linking, re-issuance of PAN, online PAN validation, and new system is designed to improve the quality of service offered to citizens by using the latest technologies to ensure faster delivery and better grievance resolution. At present, many taxpayers face delays and confusion while using different platforms for PAN and TAN-related services. PAN 2.0 aims to change that by integrating all services into a single, digital interface that is easy to LTIMindtree taking charge of the project, the Income Tax Department hopes to bring a more transparent, speedy, and seamless experience to taxpayers across the country. Once live, PAN 2.0 is expected to play a key role in strengthening India's digital governance and making tax services more accessible to all.- EndsTrending Reel advertisement
India Today
5 days ago
- Business
- India Today
PAN 2.0 to go live next year: Will you need a new PAN card? 5 key points
The Indian government plans to launch the PAN 2.0 project next year, a significant step towards simplifying tax-related services for citizens. This initiative, approved by the Cabinet Committee on Economic Affairs (CCEA), has a budget of Rs 1,435 crore and will be developed and managed by LTIMindtree, a prominent IT the new system, all services related to PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number), such as applying for a new PAN, updating or correcting details, linking Aadhaar, and online validation, will be consolidated onto a single platform. Currently, these services are spread across various websites, including the e-Filing portal, UTIITSL, and Protean (formerly NSDL). PAN 2.0 aims to replace this fragmented system with a user-friendly digital new system will promote paperless processing, provide faster delivery of e-PANs, and enhance data security and grievance redressal mechanisms. Here's what this upgrade means for existing PAN cardholders and what you should know before PAN 2.0 goes live.1. PAN 2.0 WILL MERGE SERVICES INTO ONE PLATFORMCurrently, PAN services are scattered across multiple portals. The new system will combine all these into a single, user-friendly website.2. NO NEED TO REAPPLY FOR EXISTING PAN CARD HOLDERSIf you already have a PAN card, you don't need to apply again. Your current PAN will stay valid under the new system.3. FREE PAN UPDATES AND E-PAN DELIVERY VIA EMAILUnder PAN 2.0, updates or corrections to PAN can be made free of cost. An e-PAN will be emailed to your registered address.4. QR CODE TO BE ENHANCED FOR EASY VERIFICATIONQR codes on PAN cards will show updated information directly from the database, improving verification and security.5. PART OF DIGITAL INDIA AND UNIFIED TAX SYSTEMSThe upgrade is part of the government's Digital India push. PAN may also become a universal ID for all digital government for now. PAN holders can continue using their current cards. If your PAN does not have a QR code, you can apply for a reprint in both the current and new systems. All updates and services will become simpler once PAN 2.0 is live.- EndsTrending Reel advertisement
