The Tata group's stated ambition of making a global powerhouse out of Tata Consultancy Services (TCS) is set to get another shot in the arm. CMC, the IT company that the Tatas got control of when the government kicked off a divestment drive six years ago, is ready to be merged with TCS.
This move is in line with the group's policy of merging smaller group companies in the same line of business with the flagship.
Over the last couple of years, group companies like Airlines Financial Services, Airlines Software Development Consultancy India, Phoenix Global Services and Tata Infotech were merged into TCS. CMC, industry sources say, is next. Subsequent to this, sources add, the group will have to consider merging Tata Elxsi into TCS.
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