Launch of MCA21:
A transactional system for capturing data from Companies in electronic format
Ministry of Corporate affairs (MCA) collects financial and corporate data from all registered companies in India. Companies are mandated to file documents relating to incorporation, compliance, approvals, annual statutory returns, etc. electronically in the system. It has been over a decade now when IT systems were implemented in MCA and as such, the ministry possesses over 10 years of rich corporate data in electronic form.
The Corporate Data Management Project was initiated by the Ministry of Corporate affairs(MCA), Government of India as a Plan Scheme in the year 2015- 2016. In 2006 the Ministry of Corporate Affairs implemented the first ever mission mode e-governance project in the Country which enabled the electronic submission of documents and payments and created a new e-governance environment for MCA stakeholders. MCA21 system has created a large electronic repository of corporate sector information of the country. Being a transactional system, MCA21 could not deliver the full utilization of this large electronic information repository and therefore needed a forward linkage to explore the potential of Data mining and implementing business analytics and intelligence system.
Hence, with the objective of disseminating corporate sector data in a structured manner, the Corporate Data Management System was envisaged to create an in-house data mining and analytics facility by transforming the present transactional system into a Data Warehouse.
A transactional system for capturing data from Companies in electronic format
MCA21 system needed a forward linkage to explore the potential of Data mining and implementing business analytics and intelligence system in-house
CDM project was envisaged to create an in-house data mining and analytics facility with the objective of disseminating corporate sector data in a structured manner
The initial Pilot run was successfully demonstrated on 4000 companies in August, 2016 wherein it was turned to go up-scaled with all active companies’ information
CDM is live with MCA data of all active companies and is continuously being scaled-up
- To create an in-house data mining and analytics facility with the objective of disseminating corporate sector data in a structured manner
- Provide forward linkage to explore the potential of Data mining and implementing business analytics and intelligence system in-house at MCA
- To provide better picture of corporate sector data for various purposes
- Generate Customized Statistical Reports using Business Intelligence (BI) / Data Mining & Analytics tools for use by Government Departments for Policy making & Regulatory purposes.
- Disseminate shareable information, after cleaning of data, in processed/ tabular forms, for use by Stakeholders.
- Setting up of a Business Intelligence / Data Mining & Analytics unit in the Ministry.
- Institutional Capacity Building on Business Intelligence / Data Mining & Analytics.
Companies registered with the Ministry of Corporate Affairs in India are mandated to file all documents relating to incorporation, compliance, approvals, annual statutory returns, etc. electronically through the MCA21 system. The process of filings has resulted in the accumulation of a plethora of information and MCA21 has now the electronic repository about Indian corporate sector. However, the utilization of the electronic information available in MCA repository was very limited.
By Undertaking the activity of Data mining, Data Cleansing and implementation of Data Warehousing and Business Intelligence system on top of the existing information stored in MCA databases an In-house system has been developed by the Corporate Data Management Team to generate customized statistical reports using business intelligence tools to disseminate corporate sector data in a structured manner in public.
The corporate data management portal initiative encourages various units within the Ministry of Corporate Affairs (MCA), e-Governance Division, Regional Directors, Competition commission of India etc as well as Other Government Ministries and Departments and Non-Government Stakeholders like Rating Agencies, Corporates, Research Institutions etc., for exchange of information within these departments to form a solid knowledge base.
