Tata Consultancy Services (TCS) has initiated a top level restructuring at CMC Ltd, in which it had picked up majority stake in October last year.
This, according to sources, is part of a move to integrate the businesses of both companies, which had started a while ago.
As a part of the restructuring exercise, some the present heads of business divisions at CMC will be replaced by new people from TCS.
This move is also expected to give Tata Sons a better control over the functioning of CMC.
There has also been speculation that the government is keen on further divesting its stake in CMC.
As a part of the integration process, TCS is working on integrating functions of executives, marketing and business development processes and resources.
According to sources, the top management of the company does not want overlapping functions at any levels of operations and wants to streamline the operations of both companies.
While CMC and TCS will continue to function as two independent entities, the two companies will leverage core competencies to attain volumes in business.
When contacted, a TCS spokes person said:
