According to a release issued by TCS to the Bombay Stock Exchange on Wednesday, TCSM is privately owned, and has over 35 senior consultants with a total turnover of A$5.5 million for the financial year ended June 30, 2006.
"Neville Roach, chairman of TCS-owned FNS, will be the chairman of TCSM. Key personnel, most of whom have over 15 years of industry experience, including the current management team will remain with the company," the release added.
"The acquisition of TCSM is part of the strategy to substantially grow our Australian business and provide high-end business and IT consulting to our large Australian client base. Local knowledge and domain consulting expertise brought by TCSM will complement TCS' global capabilities in consulting, IT services and BPO to provide greater value to Australian business," Girija Pande, Head of Asia-Pacific, TCS said.
