diff --git a/app/services/packages/helm/process_file_service.rb b/app/services/packages/helm/process_file_service.rb
new file mode 100644
index 0000000000000000000000000000000000000000..31b357c1616e85ac928dcad6d82eb86df7f56f1b
--- /dev/null
+++ b/app/services/packages/helm/process_file_service.rb
@@ -0,0 +1,97 @@
+# frozen_string_literal: true
+
+module Packages
+  module Helm
+    class ProcessFileService
+      include Gitlab::Utils::StrongMemoize
+      include ExclusiveLeaseGuard
+
+      ExtractionError = Class.new(StandardError)
+      DEFAULT_LEASE_TIMEOUT = 1.hour.to_i
+
+      def initialize(channel, package_file)
+        @channel = channel
+        @package_file = package_file
+      end
+
+      def execute
+        raise ExtractionError, 'Helm chart was not processed - package_file is not set' unless package_file
+
+        try_obtain_lease do
+          temp_package.transaction do
+            rename_package_and_set_version
+            rename_package_file_and_set_metadata
+            cleanup_temp_package
+          end
+        end
+      end
+
+      private
+
+      attr_reader :channel, :package_file
+
+      def rename_package_and_set_version
+        package.update!(
+          name: metadata['name'],
+          version: metadata['version'],
+          status: :default
+        )
+      end
+
+      def rename_package_file_and_set_metadata
+        # Updating file_name updates the path where the file is stored.
+        # We must pass the file again so that CarrierWave can handle the update
+        package_file.update!(
+          file_name: file_name,
+          file: package_file.file,
+          package_id: package.id,
+          helm_file_metadatum_attributes: {
+            channel: channel,
+            metadata: metadata
+          }
+        )
+      end
+
+      def cleanup_temp_package
+        temp_package.destroy if package.id != temp_package.id
+      end
+
+      def temp_package
+        strong_memoize(:temp_package) do
+          package_file.package
+        end
+      end
+
+      def package
+        strong_memoize(:package) do
+          project_packages = package_file.package.project.packages
+          package = project_packages.with_package_type(:helm)
+                                    .with_name(metadata['name'])
+                                    .with_version(metadata['version'])
+                                    .last
+          package || temp_package
+        end
+      end
+
+      def metadata
+        strong_memoize(:metadata) do
+          ::Packages::Helm::ExtractFileMetadataService.new(package_file).execute
+        end
+      end
+
+      def file_name
+        "#{metadata['name']}-#{metadata['version']}.tgz"
+      end
+
+      # used by ExclusiveLeaseGuard
+      def lease_key
+        "packages:helm:process_file_service:package_file:#{package_file.id}"
+      end
+
+      # used by ExclusiveLeaseGuard
+      def lease_timeout
+        DEFAULT_LEASE_TIMEOUT
+      end
+    end
+  end
+end
diff --git a/db/migrate/20210614143954_add_unique_index_for_helm_packages.rb b/db/migrate/20210614143954_add_unique_index_for_helm_packages.rb
new file mode 100644
index 0000000000000000000000000000000000000000..e6b7ba7616d7a95e7e71e40a86f8fe7026eb0705
--- /dev/null
+++ b/db/migrate/20210614143954_add_unique_index_for_helm_packages.rb
@@ -0,0 +1,18 @@
+# frozen_string_literal: true
+
+class AddUniqueIndexForHelmPackages < ActiveRecord::Migration[6.0]
+  include Gitlab::Database::MigrationHelpers
+
+  INDEX_NAME = 'index_packages_on_project_id_name_version_unique_when_helm'
+  PACKAGE_TYPE_HELM = 11
+
+  disable_ddl_transaction!
+
+  def up
+    add_concurrent_index :packages_packages, [:project_id, :name, :version], unique: true, where: "package_type = #{PACKAGE_TYPE_HELM}", name: INDEX_NAME
+  end
+
+  def down
+    remove_concurrent_index_by_name :packages_packages, INDEX_NAME
+  end
+end
diff --git a/db/schema_migrations/20210614143954 b/db/schema_migrations/20210614143954
new file mode 100644
index 0000000000000000000000000000000000000000..7fd3ce9b49eeeabe2fdae1eede47177450727615
--- /dev/null
+++ b/db/schema_migrations/20210614143954
@@ -0,0 +1 @@
+b958d65f1b3b43d7bcd2a703489132ba9a2ba1e0374d45533399355ce6be9365
\ No newline at end of file
diff --git a/db/structure.sql b/db/structure.sql
index fa72d72cb9da5177879b25694fabd5040a71c741..6de556b602f7bdb8bc4af3bd17ebaaca2c18588e 100644
--- a/db/structure.sql
+++ b/db/structure.sql
@@ -24117,6 +24117,8 @@ CREATE UNIQUE INDEX index_packages_on_project_id_name_version_unique_when_generi
 
 CREATE UNIQUE INDEX index_packages_on_project_id_name_version_unique_when_golang ON packages_packages USING btree (project_id, name, version) WHERE (package_type = 8);
 
+CREATE UNIQUE INDEX index_packages_on_project_id_name_version_unique_when_helm ON packages_packages USING btree (project_id, name, version) WHERE (package_type = 11);
+
 CREATE INDEX index_packages_package_file_build_infos_on_package_file_id ON packages_package_file_build_infos USING btree (package_file_id);
 
 CREATE INDEX index_packages_package_file_build_infos_on_pipeline_id ON packages_package_file_build_infos USING btree (pipeline_id);
diff --git a/spec/factories/packages/package_file.rb b/spec/factories/packages/package_file.rb
index b02af85dbebc4c28aa000a78fed6e8b1523b2374..d82fbe02311d523c10cd12fccb8a687caccc1811 100644
--- a/spec/factories/packages/package_file.rb
+++ b/spec/factories/packages/package_file.rb
@@ -208,6 +208,8 @@
 
       transient do
         without_loaded_metadatum { false }
+        package_name { package&.name || 'foo' }
+        sequence(:package_version) { |n| package&.version || "v#{n}" }
         channel { 'stable' }
       end
 
diff --git a/spec/services/packages/helm/extract_file_metadata_service_spec.rb b/spec/services/packages/helm/extract_file_metadata_service_spec.rb
index ea196190e24e22c5c996035cf73cb3c62879bd97..273f679b7360b7d58fe05d782111951846a45b4e 100644
--- a/spec/services/packages/helm/extract_file_metadata_service_spec.rb
+++ b/spec/services/packages/helm/extract_file_metadata_service_spec.rb
@@ -38,9 +38,7 @@
   context 'with Chart.yaml at root' do
     before do
       expect_next_instances_of(Gem::Package::TarReader::Entry, 14) do |entry|
-        expect(entry).to receive(:full_name).exactly(:once) do
-          'Chart.yaml'
-        end
+        expect(entry).to receive(:full_name).exactly(:once).and_return('Chart.yaml')
       end
     end
 
diff --git a/spec/services/packages/helm/process_file_service_spec.rb b/spec/services/packages/helm/process_file_service_spec.rb
new file mode 100644
index 0000000000000000000000000000000000000000..2e98590a4f4ed69ce8750095a055c2fd95301336
--- /dev/null
+++ b/spec/services/packages/helm/process_file_service_spec.rb
@@ -0,0 +1,107 @@
+# frozen_string_literal: true
+require 'spec_helper'
+
+RSpec.describe Packages::Helm::ProcessFileService do
+  let(:package) { create(:helm_package, without_package_files: true, status: 'processing')}
+  let!(:package_file) { create(:helm_package_file, without_loaded_metadatum: true, package: package) }
+  let(:channel) { 'stable' }
+  let(:service) { described_class.new(channel, package_file) }
+
+  let(:expected) do
+    {
+      'apiVersion' => 'v2',
+      'description' => 'File, Block, and Object Storage Services for your Cloud-Native Environment',
+      'icon' => 'https://rook.io/images/rook-logo.svg',
+      'name' => 'rook-ceph',
+      'sources' => ['https://github.com/rook/rook'],
+      'version' => 'v1.5.8'
+    }
+  end
+
+  describe '#execute' do
+    subject(:execute) { service.execute }
+
+    context 'without a file' do
+      let(:package_file) { nil }
+
+      it 'returns error', :aggregate_failures do
+        expect { execute }
+          .to not_change { Packages::Package.count }
+          .and not_change { Packages::PackageFile.count }
+          .and not_change { Packages::Helm::FileMetadatum.count }
+          .and raise_error(Packages::Helm::ProcessFileService::ExtractionError, 'Helm chart was not processed - package_file is not set')
+      end
+    end
+
+    context 'with existing package' do
+      let!(:existing_package) { create(:helm_package, project: package.project, name: 'rook-ceph', version: 'v1.5.8') }
+
+      it 'reuses existing package', :aggregate_failures do
+        expect { execute }
+          .to change { Packages::Package.count }.from(2).to(1)
+          .and not_change { package.name }
+          .and not_change { package.version }
+          .and not_change { package.status }
+          .and not_change { Packages::PackageFile.count }
+          .and change { package_file.file_name }.from(package_file.file_name).to("#{expected['name']}-#{expected['version']}.tgz")
+          .and change { Packages::Helm::FileMetadatum.count }.from(1).to(2)
+          .and change { package_file.helm_file_metadatum }.from(nil)
+
+        expect { package.reload }
+          .to raise_error(ActiveRecord::RecordNotFound)
+
+        expect(package_file.helm_file_metadatum.channel).to eq(channel)
+        expect(package_file.helm_file_metadatum.metadata).to eq(expected)
+      end
+    end
+
+    context 'with a valid file' do
+      it 'processes file', :aggregate_failures do
+        expect { execute }
+          .to not_change { Packages::Package.count }
+          .and change { package.name }.from(package.name).to(expected['name'])
+          .and change { package.version }.from(package.version).to(expected['version'])
+          .and change { package.status }.from('processing').to('default')
+          .and not_change { Packages::PackageFile.count }
+          .and change { package_file.file_name }.from(package_file.file_name).to("#{expected['name']}-#{expected['version']}.tgz")
+          .and change { Packages::Helm::FileMetadatum.count }.by(1)
+          .and change { package_file.helm_file_metadatum }.from(nil)
+
+        expect(package_file.helm_file_metadatum.channel).to eq(channel)
+        expect(package_file.helm_file_metadatum.metadata).to eq(expected)
+      end
+    end
+
+    context 'without Chart.yaml' do
+      before do
+        expect_next_instances_of(Gem::Package::TarReader::Entry, 14) do |entry|
+          expect(entry).to receive(:full_name).exactly(:once).and_wrap_original do |m, *args|
+            m.call(*args) + '_suffix'
+          end
+        end
+      end
+
+      it { expect { execute }.to raise_error(Packages::Helm::ExtractFileMetadataService::ExtractionError, 'Chart.yaml not found within a directory') }
+    end
+
+    context 'with Chart.yaml at root' do
+      before do
+        expect_next_instances_of(Gem::Package::TarReader::Entry, 14) do |entry|
+          expect(entry).to receive(:full_name).exactly(:once).and_return('Chart.yaml')
+        end
+      end
+
+      it { expect { execute }.to raise_error(Packages::Helm::ExtractFileMetadataService::ExtractionError, 'Chart.yaml not found within a directory') }
+    end
+
+    context 'with an invalid YAML' do
+      before do
+        expect_next_instance_of(Gem::Package::TarReader::Entry) do |entry|
+          expect(entry).to receive(:read).and_return('{')
+        end
+      end
+
+      it { expect { execute }.to raise_error(Packages::Helm::ExtractFileMetadataService::ExtractionError, 'Error while parsing Chart.yaml: (<unknown>): did not find expected node content while parsing a flow node at line 2 column 1') }
+    end
+  end
+end