Enterprise software company, IFS has signed a contract with Tech Mahindra, the prime contractor for Hindustan Aeronautics Limited (HAL), to enable HAL’s Project Parivartan Program, a US$ 54 million (Rs 400 crore) software project.
The ERP solution from IFS will support business-critical processes, including maintenance, repair, overhaul (MRO), manufacturing, supply chain management, human capital management (HCM), and finance.
Conceived as a comprehensive business transformation exercise, the initiative will involve large-scale implementation of technological enhancements to establish new work processes based on industry best practice, an IFS release said.
The comprehensive IFS solution will replace a large number of disparate business systems in HAL with a central, consolidated platform that will empower staff with easy access to accurate data. The project will also provide enhanced inventory visibility and purchasing power, powerful financial capabilities and group-level consolidation.
“In order to meet the challenges of evolving business scenarios and to ensure sustaining competitiveness and customer focus, HAL has initiated ‘Project Parivartan’,” said Mr. R Madhavan, CMD, Hindustan Aeronautics Limited. “Tech Mahindra will implement the new platform from IFS and help HAL meet the dynamic needs of this hyper-digitalized world using ERP. This will further enhance mission-critical processes, such as MRO, and will facilitate HAL in ushering in a new era of centralized operations based on industry best practices.”
Sujit Baksi, President Corporate Affairs and Business Head Emerging Markets, Tech Mahindra, said, “The project will transform HAL’s ERP system through the implementation of a new platform from IFS, thus enabling us to serve the Armed Forces in an efficient and effective manner.”
Michael Ouissi, Chief Customer Officer, IFS, added, “The need for HAL to manage the many intricate elements of its operation cannot be underrated. Our platform is engineered to help multi-site companies in heavily regulated industries, such as aerospace and defense, digitalize and positively transform their value chains.”