M&A Deal Summary

TCS Acquires Airline Financial Support Services India

On January 1, 2004, TCS acquired business services company Airline Financial Support Services India for 5M USD

Acquisition Highlights
  • This is TCS’s 1st transaction in the Business Services sector.
  • This is TCS’s 11th largest (disclosed) transaction.
  • This is TCS’s 2nd transaction in India.

M&A Deal Summary

Date 2004-01-01
Target Airline Financial Support Services India
Sector Business Services
Buyer(s) TCS
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

Airline Financial Support Services India

India
Airline Financial Support Services India is a provider of BPO services for Airline and Hospitality sector.

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Buyer(S) 1

Buyer

TCS

Mumbai, India

Category Company
Founded 1968
Sector Information Technology
Employees607,979
Revenue 2.55T INR (2025)
DESCRIPTION

TCS is a provider of IT and consulting services. TCS was founded in 1968 and is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 2 of 15
Sector: Business Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 12
Country: India M&A 2 of 8
Year: 2004 M&A 1 of 1
Size (of disclosed) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 CMC

New Delhi, India

CMC Ltd. is a systems engineering and integration company offering application design, development, testing services and asset-based solutions in niche segments through turnkey projects for mission-critical systems. CMC was formed in 1975 and is based in New Delhi, India.

Buy $34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-26 CMC

New Delhi, India

CMC Ltd. is a systems engineering and integration company offering application design, development, testing services and asset-based solutions in niche segments through turnkey projects for mission-critical systems. CMC was formed in 1975 and is based in New Delhi, India.

Sell -