diff --git a/src/com/mirantis/mk/Helm.groovy b/src/com/mirantis/mk/Helm.groovy
index 899bc36..af3fcf9 100644
--- a/src/com/mirantis/mk/Helm.groovy
+++ b/src/com/mirantis/mk/Helm.groovy
@@ -15,3 +15,65 @@
 def helmRepoIndex(extra_params='', charts_dir='.'){
     sh("helm repo index ${extra_params} ${charts_dir}")
 }
+
+/**
+ * Generates version for helm chart based on information from git repository. Tries to search
+ * first parent git tag using pattern '[0-9]*-{tagSuffix}', if found that tag will be used
+ * in final version, if not found - version will be formed as '{defaultVersion}-{tagSuffix}'. Number
+ * of commits since last tag or sha of current commit can be added to version.
+ *
+ * @param repoDir        string, path to a directory with git repository of helm charts
+ * @param devVersion     Boolean, if set to true development version will be calculated e.g 0.1.0-mcp-{sha of current commit}
+ * @param increment      Boolean, if set to true patch version will be incremented (e.g 0.1.0 -> 0.1.1)
+ * @param defaultVersion string, value of version which will be used in case no tags found. should be semver2 compatible
+ * @param tagSuffix      string, suffix which will be used for finding tags in git repository, also if tag not found, it
+ *                               it will be added to {defaultVersion} e.g {defaultVersion}-{tagSuffix}
+ */
+
+def generateChartVersionFromGit(repoDir, devVersion = true, increment = false, defaultVersion = '0.1.0', tagSuffix = 'mcp') {
+    def common = new com.mirantis.mk.Common()
+    def git = new com.mirantis.mk.Git()
+    String initialVersion = "${defaultVersion}-${tagSuffix}"
+    String countRange
+    String versionData
+    String tagPattern = "[0-9]*-${tagSuffix}"
+    dir(repoDir){
+        Map cmd = common.shCmdStatus("git describe --tags --first-parent --abbrev=0 --match ${tagPattern}")
+        String lastTag = cmd['stdout'].trim()
+
+        if (cmd['status'] != 0){
+            if (cmd['stderr'].contains('fatal: No names found, cannot describe anything')){
+                common.warningMsg("No parent git tag found, using initial version ${initialVersion}")
+                versionData = initialVersion
+                countRange = 'HEAD'
+            } else {
+                error("Something went wrong, cannot find git information ${cmd['stderr']}")
+            }
+        } else {
+            versionData = lastTag
+            countRange = "${lastTag}..HEAD"
+        }
+        List versionParts = versionData.tokenize('-')
+
+        if (versionParts.size() == 2 && common.isSemVer(versionData) && versionParts[1] == tagSuffix){
+            String commitsSinceTag = sh(script: "git rev-list --count ${countRange}", returnStdout: true).trim()
+            String commitSha = sh(script: 'git rev-parse --short=7 HEAD', returnStdout: true).trim()
+
+            if (commitsSinceTag == '0'){
+                return versionData
+            }
+
+            if (devVersion){
+                versionParts.add(commitSha)
+            } else {
+                versionParts.add(commitsSinceTag)
+            }
+            // Patch version will be incremented e.g. 0.1.0 -> 0.1.1
+            if (increment) {
+                versionParts[0] = git.incrementVersion(versionParts[0])
+            }
+            return versionParts.join('-')
+        }
+        error "Version ${versionData} doesn't contain required suffix ${tagSuffix} or not in semver2 format"
+    }
+}
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