Infosys To Take Over Corp Affairs Min's MCA-21 Project

Technology major Infosys will take over the Corporate Affairs Ministry's ambitious e-governance initiative MCA-21. Infosys would take over the programme from its rival Tata Consultancy Services ( TCS ). The second phase of the e-governance initiative would, among others, see gradual replacement of desktops, printers and scanners.

It is designed to fully automate all processes related to enforcement and compliance of the legal requirements under the Companies Act. "The operator for MCA-21 project is changing with effect from tomorrow from TCS to Infosys," the Corporate Affairs Ministry said in a public announcement.

The second phase of MCA21, from January 2013 to July 2021, has a total project outlay of Rs. 357.81 crore. The amount includes Rs. 54.42 crore for independent project management and certification, besides Rs. 29.84 crore for continuous improvement and upgradation to the electronic service delivery of the Corporate Affairs Ministry.

More from Biztech

Infosys bagged the MCA-21 contract for a period of five years for about USD 50 million in November last year. The IT firm had said it would revamp the existing application after the transition from the incumbent vendor and manage the overall transformation.

Read the entire story on moneycontrol.com