Company Market Research Report

Company Overview

Name

National E-Governance Services Ltd (NeSL)

Mission

To provide digital solutions in the reorganization and insolvency resolution of persons as per the provisions of the Insolvency and Bankruptcy Code, 2016.

Founded

NeSL does not have specified founders listed in the available information.

Key People

• Debajyoti Ray Chaudhuri (Referenced as MD & CEO in available resources)

Headquarter

No information is available.

Number of Employees

No information is available.

Revenue

No information is available.

Known For

NeSL is India's first Information Utility, registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). It serves as a repository of legal evidence holding the information pertaining to any debt/claim, as submitted by financial or operational creditors and verified and authenticated by the parties to the debt.

Products and Services

Products Offered

1. Digital Document Execution (DDE)

• Description: Dematerialization of document execution and customer acquisition transactions. Online stamp duty payment and receipt of stamp certificate.

• Key Features:

• Minimize financial and human resource requirements through paperless processes.

• Repository for digitally executed loan documents.

• Offered as a service to lending institutions with minimal capital expenditure.

• Optimized for superior credit monitoring.

2. Electronic Bank Guarantee (e-BG)

• Description: It digitizes the bank guarantee issuance process, reducing the time from 3-4 working days to minutes.

• Key Features:

• Elimination of physical documentation.

• Paperless e-stamping and e-signing.

• Hosting final electronic BG on the NeSL portal, viewable immediately by the beneficiary.

• 29 banks have been onboarded.

Recent Developments

New Partnerships and Initiatives

1. Punjab & Sind Bank Partnership: Launched e-Bank Guarantee facility using the NeSL platform, as of November 2024.

Features and Technical Updates

1. Launch of Hybrid e-Bank Guarantee (HeBG) - February 2024.
2. Introduction of 'Fungibility' in the DDE Digital Ledger - Initiated between October – November 2024.

System and Service Enhancements

1. Validation and API Updates:

• e-BG API validation for mandatory fields added.

• Fungibility feature added to DDE digital ledger.

2. Process Integration:

• Real-time updates through integration and validation of eBG and other APIs to enhance service delivery.

3. Financial Systems and Compliance:

• Regular updates on the stamp duty calculators for various states.

Recognition and Awards

1. Dun & Bradstreet's Business Excellence Award 2024: Recognized for innovatory advancements in digital banking and repository services.

New Products and Features

1. Electronic Bank Guarantee (e-BG):

• Available across 29 banks, integrated with government e-procurement portals of Tamil Nadu and Tripura.

• Efficient stamping and e-signing procedures for quick turnaround.

This report extracts and compiles the most pertinent publicly available information regarding National E-Governance Services Ltd (NeSL) and emphasizes the company’s recent initiatives and enhancements in offering digital solutions within the governance framework.