Alankit ↗

Incorporated in July 1989, Alankit Limited (AL) was promoted by Mr. Alok Kumar Agarwal initially and later discontinued from the directorship in Jul 2021 and doesn’t hold any shareholding in the company. Presently, Mr. Ankit Agarwal (Managing Director) is managing the operations of the company with more than 10 years of experience in the field of finance and research activities. The board also consists of Mr. Yash Jeet Basrar (Independent Director/Chairman) who has 47 years of experience in

AL offers various E-Governance services through its established and wide service network with 21 regional offices spread across at 6120 business locations across India. Further, during FY16 AL become a GSP (GST Suvidha Provider) under GSTN. Also, 1Complete definition of the ratings assigned are available at www.careedge.in and other CARE Ratings Ltd.’s publications 1 CARE Ratings Ltd. Press Release during FY18, company got a license from Controller of Certifying Authority (CCA) to operate as a C

AL has strong presence in the E-Governance space with wide and diversified product offerings. The company generates revenue majorly from E-Governance Services. The major services offered by Alankit Limited include GST Suvidha Provider, TIN Facilitation Center & PAN Center (independently), Authorised Person (AP) for National Insurance - policy Repository (NIR), Point of Service (POS) for National Skills Registry (NSR), Manpower Services, Facilitator for Atal Pension Yojana (APY), Business

The financial performance of the company has remained satisfactory with PBILDT Margin of the company has increased to 22.06% in FY22 as against 19.11% in FY21. Total debt of the company increased and stood at Rs. 19.63 crore as on March 31, 2022, as company has availed additional unsecured loans from corporate including related parties other than financial institutions. Overall gearing of the company remains adequate to 0.26x as on March 31, 2022(PY 0.21x). During FY22, the total

Overall investment in subsidiaries remains in similar lines from past one year and total investment stood at Rs 40.68 crores which comprises almost 40.44% of gross net worth including intangible assets as on March 31,2022. During Financial Year 2020-21 company has invested in equity worth of Rs 12.30 Cr of Alankit Imagination Limited resulting in total investment of Rs 40.68 crores in FY21 against Rs 28.38 Cr in FY20 which remains constant during FY22. However, Board vide board meeting

AL is majorly dependent upon central and state government schemes for its e-governance business. Stability and continuance of all these government backed schemes remains uncertain. AL accepts PAN applications through PAN centres set up across the country and through AL’s online portal. Also, AL is associated with leading banks as well as the distinct State Govt. centres to provide Aadhaar Services. In case of banks, the services are provided through the designated branches of these banks and in