The Government of India has awarded a significant project worth ₹792 crore to LTIMindtree Limited to completely digitize the Permanent Account Number (PAN) system. Under this PAN 2.0 project, all services from application to distribution will be on an integrated and automated digital platform, providing citizens with faster, transparent, and secure facilities.
New Delhi: Advancing its mission to make financial services digital and accessible, the central government announced the PAN 2.0 project on Thursday. The ₹792 crore project has been entrusted to LTIMindtree Limited, as informed by the company to the stock exchange through an exchange filing. This project has been assigned by the Central Board of Direct Taxes (CBDT) and aims to streamline processes for citizens and businesses by bringing all PAN and TAN related services onto a single digital platform, making them faster, more secure, and transparent. LTIMindtree will develop this technology platform over the next 18 months, giving a new direction to the country's financial governance.
PAN System to be Completely Digital
The PAN 2.0 project is a key part of the government's citizen-centric (G2C) initiative, under which all PAN and TAN related services are planned to be brought onto an integrated digital platform. This will make financial identity-related services more accessible, transparent, and modern, not only for the general public but also for businesses.
This platform will be equipped with a user-friendly interface that will automate and accelerate tasks such as application, verification, printing, and distribution. From a technology perspective, this will prove to be a major transformative step in India's financial governance system.
What Will Be Under This Project?
LTIMindtree has been entrusted with several important responsibilities under this project. The company has to build the entire technical infrastructure, which will include:
- Modern security mechanisms
- Process automation
- Digital documentation
- Continuity of operations of the integrated platform
The company will create an AI-enabled digital ecosystem that will make PAN card-related services fully automated and customer-friendly.
In addition, technologies such as data analytics, digital signatures, real-time tracking, and a self-service portal will also be included in the system. This project will not only be an example of technological development but will also strengthen the vision of Digital India.
Responsibility Received from CBDT
The responsibility for this project has been given to LTIMindtree by the Central Board of Direct Taxes (CBDT). This institution is the main regulatory body for income tax administration in India. This step by the board clearly shows that the government wants to make tax-related services more transparent, secure, and accessible to citizens.
According to sources associated with CBDT, the aim of this project is to make India's financial identity system suitable for the needs of the 21st century.
Work Timeline and Progress
According to information shared by LTIMindtree, this project will be completed within the next 18 months. Within this timeframe, the company not only has to develop the technology platform but also has to prepare the basic infrastructure for its smooth operation.
Talking about the stock market, the company's shares closed on Thursday with a gain of 0.4% at ₹5,054.5. However, its shares have registered a decline of 11% so far in the entire year 2025. In such a situation, investors are also seeing a new hope in the company's growth with this large government order.
Company's Reaction
Reacting to this project, LTIMindtree CEO Venu Lambu said, “This project further strengthens our partnership with the Government of India. It reflects our commitment to building digital public infrastructure and also provides an opportunity to give a new direction to the country's economic system.”
He further said that this project will give the company an opportunity to play an important role in the country's digital transformation journey.
