diff --git a/Makefile b/Makefile
new file mode 100644
index 00000000..e085a363
--- /dev/null
+++ b/Makefile
@@ -0,0 +1,42 @@
+.PHONY: update-version increment-major increment-minor increment-patch test build clean install
+
+update-version:
+	@echo "$(VERSION)" > VERSION
+	@perl -i -pe 'if (!$$done && /<version>[.\-\d\w]+<\/version>/ && $$. < 20) { s|<version>[.\-\d\w]+</version>|<version>$(VERSION)</version>|; $$done = 1; }' pom.xml
+	@perl -pi -e 's|LIBRARY_VERSION = "[.\-\d\w]+"|LIBRARY_VERSION = "$(VERSION)"|' src/main/java/com/chargebee/Environment.java
+
+increment-major:
+	$(eval CURRENT := $(shell cat VERSION))
+	$(eval MAJOR := $(shell echo $(CURRENT) | cut -d. -f1))
+	$(eval NEW_VERSION := $(shell echo $$(($(MAJOR) + 1)).0.0))
+	@$(MAKE) update-version VERSION=$(NEW_VERSION)
+	@echo "Version bumped from $(CURRENT) to $(NEW_VERSION)"
+
+increment-minor:
+	$(eval CURRENT := $(shell cat VERSION))
+	$(eval MAJOR := $(shell echo $(CURRENT) | cut -d. -f1))
+	$(eval MINOR := $(shell echo $(CURRENT) | cut -d. -f2))
+	$(eval NEW_VERSION := $(MAJOR).$(shell echo $$(($(MINOR) + 1))).0)
+	@$(MAKE) update-version VERSION=$(NEW_VERSION)
+	@echo "Version bumped from $(CURRENT) to $(NEW_VERSION)"
+
+increment-patch:
+	$(eval CURRENT := $(shell cat VERSION))
+	$(eval MAJOR := $(shell echo $(CURRENT) | cut -d. -f1))
+	$(eval MINOR := $(shell echo $(CURRENT) | cut -d. -f2))
+	$(eval PATCH := $(shell echo $(CURRENT) | cut -d. -f3))
+	$(eval NEW_VERSION := $(MAJOR).$(MINOR).$(shell echo $$(($(PATCH) + 1))))
+	@$(MAKE) update-version VERSION=$(NEW_VERSION)
+	@echo "Version bumped from $(CURRENT) to $(NEW_VERSION)"
+
+test:
+	mvn test
+
+build:
+	mvn clean package
+
+clean:
+	mvn clean
+
+install:
+	mvn clean install
\ No newline at end of file
diff --git a/VERSION b/VERSION
new file mode 100644
index 00000000..476cebe0
--- /dev/null
+++ b/VERSION
@@ -0,0 +1 @@
+3.42.0