Hello Satyajeet B,
Well, we do not offer anything like that for WinForms, but you can review our website about our offerings here
We do support MDI applications (RadForm and RadMenu) and if you build your application with our controls you can use ClickOnce for deployment. We also have an upgrade utility which you can use to update your application references if you have a project referencing our controls but I think this is again not what you need.
Anyway, thanks for writing, I hope that you will find something that will work for your application.
the Telerik team