In a major coup, Infosys said it has got the contract for government of India’s e-filing service, MCA21. The project was earlier being handled by Tata Consultancy Services or TCS.
“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. The revamped application will cater to the rapidly changing needs of the industry in the new digital era,” Infosys said.
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 electronicfiling, 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.
The project was one of the first to be implemented under Government of India’s ambitious e-governance program and was widely applauded for making it easier for companies to file their information, taxes etc.
It also made it possible for ordinary citizens to get information about companies easily by going to the ministry’s website.
“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.
“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,” said C.N. Raghupathi, VP and Head, India Business, Infosys.
India contributes only a small percentage of Infosys’ total revenues, most of which comes from the United States and Europe.
However, it is one of the few markets where IT spending continues to grow strongly, unaffected by the global slowdown that has constrained spending in other parts of the world.
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.