BANGALORE, INDIA: Infosys Limited announced on Friday that it has signed an agreement with the Ministry of Corporate Affairs (MCA), Government of India, to implement MCA21 v2, a multi-year business transformation project.
"This latest agreement, which underscores growing traction for Infosys in its India operations, will deliver enhanced services to all of the ministry's stakeholders: businesses, citizens, and government employees," stated a release.
Further, Infosys will revamp the existing application, after the transition from the incumbent vendor and manage the overall transformation to MCA21 v2. The company will provide services, application support, and infrastructure operations for, at least, five years in a contract valued at approximately USD$ 50 million.
Through the MCA21 online portal, corporate sector stakeholders and investors alike gained secure access to an array of services provided by the Ministry of Corporate Affairs. The MCA21 project introduced electronic filing, doing away with the need for the filing of paper-based records among its Registrars of Companies and Regional Directors. The transformation to MCA21 v2 will future proof this program.
Commenting on the deal, Sanjiv Mital, CEO, National Institute of Smart Government, said, "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'."
C.N. Raghupathi, V-P and Head, India Business, Infosys, said, "Our deep understanding of the Ministry's needs coupled with our compelling technology solutions helped us to win this transformational project. Infosys looks forward to working with the Ministry in executing this key transformational project which eases the process of filing statutory documents, provides convenient access to records and a framework for effective compliance."
The MCA21 v2 project follows the recent transformation project for India Post, which was won by the India Business Unit of Infosys.
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