NEW DELHI, INDIA: A five year contract worth $50 million from the Ministry of Corporate Affairs has been bagged by Infosys. As per the deal, Infosys will implement its e-governance solution MCA 21v2 which is a continuation of the existing MCA 21 project from the Ministry of Corporate Affairs.
As per the statement released by Infosys, "The company will provide services, application support, and infrastructure operations for at least five years in a contract valued at approximately $50 million."
The project was earlier handled by TCS and now Infosys will revamp the existing application after the transition and manage the overall transformation to MCA21 v2.
"By January, we will be transitioning out of the present portal. The full transformation should be done in about 8-9 months and then we will maintain it for about five years," said C N Raghupathi, Infosys VP and Head-India Business.
The MCA21 project introduced electronic filing, which has reduced the need for the filing of paper-based records among its Registrars of Companies and Regional Directors.
"MCA21 is a transformational program which brought a lot of efficiency and enabled businesses in India. We expect the next phase of MCA21 to enhance the current solution and establish a model for what we like to call the 'Transition and Transformation of Technology and Partner within Public-Private Deals," said Sanjiv Mital, CEO, National Institute of Smart Government.
Apart from this, Infosys had also bagged a Rs. 700 crore project from the Department of Posts to help the India Post transform its banking and insurance operations spread across 1.5 lakh post offices in the country.