Hi Prasant
Thanks for your help.
I was not able to see GRC Plug in under SPRO in connected systems.
So i followed the note 1591667 and did as below
Run the Transaction 'SIMGH' in SRM/CRM/APO System & search for 'Compliance' in IMG Strcuture Field.
You will find the Node 'Governance, Risk & Compliance', which you need to select & later add it to your Favorites on the screen. Then, click on 'Governance, Risk & Compliance' Item which is in your Favorites & click on the Display button placed in Application Toolbar, will show you the Configuration of GRC Plug-in.
I appreciate eveyone chipping in and giving your valuable inputs.
Thanks
Nitesh