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Trades about 73% below its sector, cheaper than its peers on earnings.
Alankit Limited is an Indian company that delivers e-governance products and services, structured around two primary segments: E-Governance and Financial Activities. The firm manages a broad range of Permanent Account Number (PAN) services, including processing new applications, updating existing particulars, and facilitating electronic submissions for various tax returns such as e-TDS, e-TCS, AIR, and e-TBAF for both corporate and individual assessees. It also undertakes the digitization of paper-based income tax returns. Additionally, Alankit assists with the Aadhaar unique identification system, handling enrollments, data uploads, and corrections. It is also involved in establishing the National Skills Registry, a robust repository of verifiable professional information for registered individuals. The company's offerings extend to comprehensive Goods and Services Tax (GST) solutions as a Suvidha Provider, along with manpower consulting, business correspondent services, and the National Insurance-Policy Repository for electronic policy storage. It supplies GST Billing Software capable of generating e-way bills, invoices, and quotes, and supports online GST registration. Kiosk banking services are also part of its portfolio, complementing its PAN card correction and application services for new and duplicate cards. Furthermore, Alankit distributes card printers and accessories, and is responsible for implementing and managing the "Paper to Follow Process" within the cheque truncation system. The company also oversees the Atal Pension Yojana, which encourages retirement savings, and operates Recordxpert.com, a web-based portal for scanning and digitizing medical records. Incorporated in 1989 in New Delhi, India, the company was formerly known as Euro Finmart Limited before rebranding as Alankit Limited in September 2014.
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