LTIMindtree gets ₹792 crore PAN 2.0 project: CNBC-TV18 newsbreak confirmed

LTIMindtree Ltd. has informed the exchanges on Thursday, August 7, that it has been awarded the PAN 2.0 project worth ₹792 crore, as per a mandate by the Central Board of Direct Taxes.As part of the project, LTIMindtree has been mandated to transform India’s PAN infrastructure. This will be 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 the financial identity systems.

LTIMindtree will design, build, and operate the full technology backbone, including infra, security, automation and ongoing operation. The company 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.

The news confirms a CNBC-TV18 newsbreak from Monday, August 4, which had cited CBDT sources to report that the PAN 2.0 project has been awarded to LTIMindtree.”It strengthens our partnership with the Government of India and reflects our shared commitment to building a resilient, future-ready public digital infrastructure,” Venu Lambu, the CEO of LTIMindtree said.

With its rollout planned over the next 18 months, PAN 2.0 is poised to significantly improve the efficiency and transparency of tax identity services in India.

Shares of LTIMindtree are trading 0.4% higher on Thursday at ₹5,054.5. The stock is down 11% so far in 2025.