The Chatterjee Group, which has three software units in India and a business process outsourcing operation, is planning to consolidate the four companies into a single unit.

The combined entity, if merged, will have a top line of around $45 million. This is yet another indication that small specialised companies are finding it difficult to get clients.

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Though no official comments were forthcoming from TCG, a company official said Purnendu Chatterjee, chairman of TCG, is keen on the consolidation for increasing his presence in the Indian software market.

TCG is a New York-based Investment Firm managing funds in excess of $2 billion. The group has a history of investments in technology, telecommunications and asset creation.

TCG has a high-profile 49:51 joint venture with Computer Associates called CA TCG Software, which offers security and infrastructure management services.

It is learnt that with CA increasing their direct presence in India, it is likely that TCG will be buying them out in this venture. In addition to this, TCG has another venture with United Airlines called SkyTech Solutions, which provides solutions for aviation and hospitality industry.

TCG, it is learnt that in the new combined entity, would want to retain United Airlines as an equity partner. TCG's BPO company, called Equinox, offers financial services.

Sources in the company said that with TCG Software acquiring the Bangalore-based Ivega Corporation to form TCG-Ivega with revenues of $22 million, TCG is looking at gaining scale.

"If the consolidation happens, we will have a complete breadth of services to offer our clients. TCG-Ivega will offer regular BFSI solutions, while other business units will offer healthcare, aviation, security and infrastructure management, besides BPO services. The combined group will also be looking for private equity as a precursor to an IPO," the official added.