ITCONS e-Solutions Limited has announced a contract from the Employees Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, to provide 48 resources for one year. The stated value is ₹19,286,946.73 including all taxes and duties, which is roughly ₹1.93 crore.
Contract details at a glance
| Item | Detail |
|---|---|
| Customer | Employees Provident Fund Organisation (EPFO), Ministry of Labour and Employment |
| Scope | 48 resources |
| Value | ₹19,286,946.73, inclusive of all taxes and duties (about ₹1.93 crore) |
| Term | 3 October 2026 to 2 October 2027, unless extended by mutual agreement |
These terms come from the company’s announcement, as reported by EquityBulls on 5 October 2026 (EquityBulls).
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Getting the amount right
A BSE filing digest from BazaarWatch repeats the exact rupee figure. It describes the award as manpower outsourcing. Its automated summary, however, calls the award “Rs. 19.29 crores.” That is a unit error. ₹19,286,946.73 is about ₹1.93 crore, so the summary overstates the value tenfold. Quote the exact rupee amount or the corrected crore figure.
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1Scan for outdated or missing drivers - takes under a minute2Repair Windows errors before they cause bigger problems3Fix the driver behind crashes, sound loss and screen glitchesWhat the company said
The announcement is quoted as saying: “This contract marks a significant milestone for our Company and reflects the continued trust placed in us by Government agencies.”
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What is not disclosed
- Job categories or skill levels of the 48 resources.
- Service locations, or how many EPFO offices are covered.
- Cost breakdown, margins and payment terms.
- Whether the contract has been extended. The extension clause is only described as “by mutual agreement.”
The 3 October 2026 start is a scheduled date from the announcement. It is not independent confirmation that services are being delivered. Profitability and wider impact on the company cannot be inferred from the available disclosure. Comparing this award with other contracts would need the same details for each: value, headcount or scope, term, customer and extension provisions.
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