Case Study: Stock Holding Corporation of India Limited achieves secure, paperless e-stamping with CrimsonLogic

Stock Holding Corporation of India Limited - Customer Case Study

The Stock Holding Corporation of India Limited (SHCIL) faced the significant challenge of preventing the forgery of property documents, a serious issue highlighted by a major stamp paper scam. To counter this fraud, they collaborated with vendor CrimsonLogic to implement an electronic stamping solution as the Central Record Keeping Agency for multiple Indian states.

CrimsonLogic's e-Stamping System provided a secure, digital method for paying stamp duty, utilizing advanced technologies like 2D barcodes, optical watermarks, and micro-printing to prevent duplication. The solution was successfully rolled out in 12 states and union territories, processing approximately 100,000 transactions daily. This resulted in faster processing times, 24/7 accessibility for applicants, and a vastly more secure and transparent system that restored confidence in the process.

Stock Holding Corporation of India Limited

R.C. Razdan

Managing Director & CEO