diff --git a/deploy/helm/charts/Chart.yaml b/deploy/helm/charts/Chart.yaml
index 233393c51..6dec286ee 100644
--- a/deploy/helm/charts/Chart.yaml
+++ b/deploy/helm/charts/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v2
 name: openebs-ndm
 description: Helm chart for OpenEBS Node Disk Manager - a Kubernetes native storage device management solution. For instructions on how to install, refer to https://openebs.github.io/node-disk-manager/.
-version: 1.1.0
-appVersion: 1.1.0
+version: 1.1.1
+appVersion: 1.1.1
 icon: https://raw.githubusercontent.com/cncf/artwork/master/projects/openebs/icon/color/openebs-icon-color.png
 home: http://www.openebs.io/
 keywords:
diff --git a/deploy/helm/charts/README.md b/deploy/helm/charts/README.md
index da6f80fdd..060530d54 100644
--- a/deploy/helm/charts/README.md
+++ b/deploy/helm/charts/README.md
@@ -20,7 +20,7 @@ The following table lists the configurable parameters of the OpenEBS NDM chart a
 | `ndm.image.registry`                    | Registry for Node Disk Manager image          | `""`                                      |
 | `ndm.image.repository`                  | Image repository for Node Disk Manager        | `openebs/node-disk-manager`               |
 | `ndm.image.pullPolicy`                  | Image pull policy for Node Disk Manager       | `IfNotPresent`                            |
-| `ndm.image.tag`                         | Image tag for Node Disk Manager               | `1.1.0`                                   |
+| `ndm.image.tag`                         | Image tag for Node Disk Manager               | `1.1.1`                                   |
 | `ndm.sparse.path`                       | Directory where Sparse files are created      | `/var/openebs/sparse`                     |
 | `ndm.sparse.size`                       | Size of the sparse file in bytes              | `10737418240`                             |
 | `ndm.sparse.count`                      | Number of sparse files to be created          | `0`                                       |
@@ -49,7 +49,7 @@ The following table lists the configurable parameters of the OpenEBS NDM chart a
 | `ndmOperator.image.registry`            | Registry for NDM operator image               | `""`                                      |
 | `ndmOperator.image.repository`          | Image repository for NDM operator             | `openebs/node-disk-operator`              |
 | `ndmOperator.image.pullPolicy`          | Image pull policy for NDM operator            | `IfNotPresent`                            |
-| `ndmOperator.image.tag`                 | Image tag for NDM operator                    | `1.1.0`                                   |
+| `ndmOperator.image.tag`                 | Image tag for NDM operator                    | `1.1.1`                                   |
 | `ndmOperator.annotations`               | Annotations for NDM operator metadata         | `""`                                      |
 | `ndmOperator.podAnnotations`            | Annotations for NDM operator's pods metadata  | `""`                                      |
 | `ndmOperator.resources`                 | Resource and request and limit for containers | `""`                                      |
diff --git a/deploy/helm/charts/values.yaml b/deploy/helm/charts/values.yaml
index c74d229d8..a4f09a780 100644
--- a/deploy/helm/charts/values.yaml
+++ b/deploy/helm/charts/values.yaml
@@ -2,7 +2,7 @@
 # This is a YAML-formatted file.
 # Declare variables to be passed into your templates.
 release:
-  version: "1.1.0"
+  version: "1.1.1"
 
 imagePullSecrets:
 #  - name: "image-pull-secret"
@@ -17,7 +17,7 @@ ndm:
     repository: openebs/node-disk-manager
     pullPolicy: IfNotPresent
     # Overrides the image tag whose default is the chart appVersion.
-    tag: 1.1.0
+    tag: 1.1.1
   sparse:
     path: "/var/openebs/sparse"
     size: "10737418240"
@@ -62,7 +62,7 @@ ndmOperator:
     repository: openebs/node-disk-operator
     pullPolicy: IfNotPresent
     # Overrides the image tag whose default is the chart appVersion.
-    tag: 1.1.0
+    tag: 1.1.1
   podLabels:
     name: openebs-ndm-operator
   annotations: {}