January 12, 2021 – IFS, the global enterprise applications company, has signed a contract with Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions and the prime contractor for Hindustan Aeronautics Limited (HAL), to enable HAL’s Project Parivartan Program, a US$ 54 million (Rs 400 crore) business transformation project.
Dubbed Project Parivartan and 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.
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. “As a leading digital transformation company, 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, “Tech Mahindra’s selection by HAL extends our vision of supporting government’s ‘Atmanirbhar’ (self-reliant) initiative to enhance our indigenous capabilities. 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. This is in line with our TechMNxt charter that focuses on leveraging new generation technologies with original equipment manufacturers and aims to deliver an enhanced experience to our customers.”
Michael Ouissi, Chief Customer Officer, IFS, added, “The need for HAL to manage and orchestrate the many intricate elements of its operation cannot be underrated from an effectiveness, financial and service perspective. We are honored to continue our relationship with HAL as they work with our trusted partner Tech Mahindra to implement the latest IFS solution as part of ‘Project Parivartan’. Our platform is engineered to help international, multi-site companies in heavily regulated industries, such as aerospace and defense, digitalize and positively transform their value chains.”
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.
Learn more about how IFS supports companies in the A&D sector at www.ifs.com/us/industries/aerospace-and-defense/.