Infosys Signs Multi-Year Agreement For Business Transformation Project With Ministry of Corporate Affairs
Bangalore, India – November 8, 2012: Infosys, a global leader in consulting and technology, today announced 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.
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 US$ 50 million. The revamped application will cater to the rapidly changing needs of the industry in the new digital era.
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.
Mr. Sanjiv Mital, CEO, National Institute of Smart Government: "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'."
Mr. C.N. Raghupathi, VP and Head, India Business, Infosys, said: "We are delighted to have been chosen as the business transformation partner by the MCA for this new phase. 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 is the latest in a string of significant successes for the India Business Unit of Infosys. The company recently won a similar transformation project for India Post.