IT bellwether, Infosys Ltd is set to take over the Corporate Affairs Ministry's e-governance initiative MCA-21 from its rival Tata Consultancy Services (NYSE:TCS).
"The operator for MCA-21 project is changing with effect from tomorrow from TCS to Infosys," the Corporate Affairs Ministry said.
Infosys, which secured the MCA-21 contract for 5-year period in November 2012 for a consideration of about USD 50 million, had said that it would focus on revamping the existing application after the transition from the current vendor and manage the overall transformation.
MCA-21 is designed to introduce full automation of all the processes related to enforcement and compliance of the legal requirements under the Companies Act, thereby ensuring continuous improvement and upgradation to the electronic service delivery of the Corporate Affairs Ministry.
Under the second phase of the e-governance initiative, Infosys would gradually replace existing desktops, printers and scanners along with out-of-support servers and associated infrastructure. In addition, MCA-21 is expected to commence electronic filing of documents, registration of companies and public access to corporate information online through a secure interactive portal
Source - Infosys