Disclosed is a method and system to provide management of test data, the management performed during at least one stage associated with lifecycle of the test data. The system comprises a processing engine, a categorization module, a privacy regulation module, a meta-data analyzer, and an output generation module. The processing engine configured to generate the test data in response to a test data request. The processing engine further comprises of the categorization module configured to categorize the test data request. The processing engine further comprises of the privacy regulation module configured to model at least one privacy regulation in accordance with a geographical location and an enterprise domain. The processing engine further comprises the meta-data analyzer configured to analyze an imported meta-data. The system further comprises of the output generation module configured to provide the test data so requested.