Infosys seems to have flexed its arm for the domestic market and that too, with a strong eye on the government sector where TCS has always led. According to reports, Infosys will take over the Corporate Affairs Ministry's e-governance initiative MCA-21. According to news published by the Times of India on behalf of PTI, the second phase of the e-governance initiative would see gradual replacement of desktops, printers and scanners.
It is required to fully automate all processes under the Companies Act for legal compliance. The Corporate Affairs Ministry has said it in a public statement that 'the operator for the MCA-21 project is chaning with effect from tomorrow from TCS to Infosys."
Worth Rs 357.81 crore, the second phase of MCA-21 starts January 2013 and is expected to end in July 2021. Infosys, which would revamp the existing applications and manage the entire transformation, got the contract for a period of five years for about $50 mn in November last year.
The project is aimed at replacing the existing desktops, printers and scanners and out-of-support servers including the associated infrastructure. The project allows electronic filing of documents, registration of companies and public access to corporate information online through a secure interactive portal.