Company Update

Eraaya Lifespaces' Indian subsidiary, Ebix Technologies, has secured a significant ₹140 crore contract with the Maharashtra State Road Transport Corporation (MSRTC). This landmark deal marks India's first statewide National Common Mobility Card (NCMC) rollout for concessionaires, aligning with the ‘One Nation One Card’ vision.

The project aims to revolutionize public transit with a seamless digital payment system, setting a benchmark for other states.

It includes a target of 0.7 Cr NCMC cards sold in the first year, scaling to over 2 Cr cards, and is expected to drive annual transaction volumes exceeding ₹2000 crore.

This strategic win strengthens the company's leadership in digital payments and transport solutions.