The Indian government has selected LTI Mindtree Ltd to lead the PAN 2.0 digital infrastructure upgrade project for ₹792 crore. The initiative will centralize and digitize all PAN and TAN-related services under a unified platform, aiming to streamline taxpayer services and grievance redressal across the country.
LTI Mindtree Ltd, headquartered in Mumbai, Maharashtra, is a leading Indian multinational technology consulting and digital solutions company. Operating in the information technology services sector, the company specializes in enterprise transformation, cloud services, AI, and managed digital operations across various industries including banking, finance, and government sectors.
The Income Tax Department of India has officially awarded LTI Mindtree the mandate to implement the ambitious PAN 2.0 project—a next-generation digital platform designed to unify all operations related to Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN). The total contract value stands at ₹792 crore, and the system is expected to go live within 18 months.
LTI Mindtree will act as the Managed Service Provider (MSP) for the project, overseeing the design, development, implementation, operations, and maintenance of the new digital architecture.
The scope of PAN 2.0 includes seamless integration of services such as allotment, updates, re-issuance, Aadhaar-PAN linking, and online validation. All these features will be offered under a digital-first, unified portal that replaces the currently fragmented service structure spread across the e-Filing Portal, UTIITSL Portal, and Protean eGov Portal.
Also Read: Bullish Signs: 5 Stocks See Strong Long Positions on June 10
Once operational, PAN 2.0 will support a database of over 81.24 crore PANs and 73 lakh TANs. The project will offer completely digital processes, with free-of-cost PAN updates and e-PANs delivered directly to registered email addresses. Importantly, existing PAN holders will not need to reapply under this upgrade.
The initiative was originally cleared by the Cabinet Committee on Economic Affairs (CCEA) on November 25, 2024, with a total sanctioned project value of ₹1,435 crore. The current allocation to LTI Mindtree is a key milestone in the phased rollout of the project.
On the market front, shares of LTI Mindtree Ltd were up 1.46%, trading at ₹5,090.50 apiece on the BSE as of Monday, reflecting investor optimism surrounding the project win.
This move underscores the government’s ongoing push towards digital governance and efficient tax administration, and further cements LTI Mindtree’s role as a key IT partner in national infrastructure.
READ MORE ON
