M&A Deal Summary

TCS Acquires CMC

On October 1, 2001, TCS acquired information technology company CMC for 34M USD

Acquisition Highlights
  • This is TCS’s 1st transaction in the Information Technology sector.
  • This is TCS’s 8th largest (disclosed) transaction.
  • This is TCS’s 1st transaction in India.
Investment Fate
  • CMC went public in 2004.
  • CMC merged with another company in 2015.

M&A Deal Summary
Date 2001-10-01
Target CMC
Sector Information Technology
Buyer(s) TCS
Deal Type Special Situations/Distressed
Deal Value 34M USD

Target

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.

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Buyer(S) 1

Buyer

TCS

Mumbai, India
Category Company
Founded 1968
Sector Information Technology
Employees469,261
Revenue 2.41T INR (2024)
DESCRIPTION

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

DEAL STATS #
Overall 1 of 14
Sector (Information Technology) 1 of 9
Type (Special Situations/Distressed) 1 of 1
Country (India) 1 of 8
Year (2001) 1 of 1
Size (of disclosed) 8 of 12
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Airline Financial Support Services India

India

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

Buy $5M
Mergr

Product

Company

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