LTIMindtree Bags PAN 2.0 Project; Launch Likely In 18 Months

• LTIMindtree wins Rs 500-crore PAN 2.0 digital infrastructure mandate.

• PAN 2.0 enables real-time verification and smarter taxpayer identity tracking.

• New system likely to integrate PAN with Aadhaar and GSTN databases.

• Project aims to simplify KYC, reduce duplication, and improve data accuracy.

Bengaluru-headquartered LTIMindtree has secured the mandate to build PAN 2.0 — a reworked version of India’s taxpayer identity platform, according to a recent news report by The Indian Express. After a competitive bidding process, the Income Tax Department awarded the Rs 500-crore project to the IT services firm. The new system is expected to be rolled out in the next 18 months.

The contract is among the largest public sector digital infrastructure projects in recent months and is part of the government’s broader push to upgrade legacy systems.

From Static ID To Dynamic Platform

PAN, a ten-digit alphanumeric identifier, currently works as a basic, mostly static record of a taxpayer. PAN 2.0 is designed to change that. The upcoming system will allow real-time verification, flag inconsistencies automatically, and connect smoothly with other government databases.

Officials said the goal is to weed out duplication, enable faster updates, and improve accuracy in taxpayer records. The new system could also help the tax department spot red flags earlier.

Crucial Piece In The Faceless Tax Puzzle

In recent years, the Income Tax Department has been reorienting itself around data, with measures like pre-filled returns, AI-based risk profiling, and paperless assessments.

The new version will serve as a digital backbone across different government departments, financial institutions, and regulators. With PAN being a common link in most financial transactions, a smarter platform is likely to simplify KYC.

Likely To Sync With Aadhaar And GSTN

Closer links between PAN, Aadhaar, and the GST Network are also likely under PAN 2.0. Officials say the aim is to build a single, verifiable identity that updates in real-time and allows departments to talk to each other more efficiently. They are yet to finalise the contours. However, their long-term plan is to do seamless integration of data across systems, cutting down paperwork and delays.

For taxpayers, PAN 2.0 brings the promise of faster verification, fewer glitches, and seamless linking with banks, Aadhaar, and GST. Over time, it may simplify KYC, improve credit access, and cut red tape in financial and tax-related transactions.

Big Win For LTIMindtree

For LTIMindtree, this project marks a major public sector win. Post the merger of L&T Infotech and Mindtree, the company was formed. It aims to maintain and build the new platforms over the next few years. Once operational, PAN 2.0 will be a critical part of India’s digital tax infrastructure.