Deals22 Jul 2025, 04:18 pm
Eraaya Lifespaces' Subsidiary Ebix Technologies Wins ₹140 Cr MSRTC Deal for India’s First Statewide NCMC Rollout for Concessionaires
AI Summary
Eraaya Lifespaces' Indian flagship subsidiary, Ebix Technologies, has secured a ₹140 crore contract with the Maharashtra State Road Transport Corporation (MSRTC) for the first statewide rollout of the National Common Mobility Card (NCMC) for concessionaires in India. This project is expected to transform public transit with a seamless, unified digital payment system, aligning with the Government of India’s ‘One Nation One Card’ vision.
Key Highlights
- Ebix Technologies has been awarded a ₹140 crore contract for India’s first statewide NCMC rollout for concessionaires.
- The NCMC program is expected to set a benchmark for other state transport undertakings nationwide, transforming public transit with a seamless, unified digital payment system.
- The project is aligned with the Government of India’s ‘One Nation One Card’ vision.
- The NCMC smartcard will be mandatory for all concessional passengers and pass holders on MSRTC buses, with optional availability for regular passengers.
- Expected transaction volumes are to exceed ₹2000 crore annually once fully operational.