Infosys has won a five-year contract from Ministry of Corporate Affairs worth about USD 50 million to implement its e-governance solution MCA 21 v2.

The MCA 21 v2 is a continuation of the existing MCA 21 project.

"The company will provide services, application support, and infrastructure operations for at least five years in a contract valued at approximately USD 50 million," Infosys said in a statement.

Infosys will revamp the existing application after the transition from the incumbent vendor and manage the overall transformation to MCA21 v2. The project was earlier being handled by TCS.

"By January, we will transitioning out of the present portal...The full transformation should be done in about 8-9 months and then we will maintain it for about five years," Infosys VP and Head (India Business) C N Raghupathi said.

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.

National Institute of Smart Government CEO Sanjiv Mital said, "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'."

Recently, Infosys had been selected by the Department of Posts for its Rs 700 crore project to help India Post transform its banking and insurance operations cross 1.5 lakh post offices in the country.