Tata Consultant Services is in talks to buy Skin and Body Care, the beauty and personal care brand launched by the brand’s founder and CEO, V. Rajendran, who was formerly the chief executive of Vodafone India.
The company is in discussions with Tata for its own flagship brand, which will focus on skin care and skin care products, said the person, who asked not to be identified because the discussions are private.
A spokesperson for Tata said: “Tata Consultancy is in the process of finalising a transaction with Skin and has expressed interest in purchasing Skin and is in preliminary talks with TCS.”
The person added that the talks are private and no agreement has been signed.
“The discussions are confidential.
We are in the final stages of finalizing the transaction.”
The deal will allow Tata to expand its product offerings across India and Europe, which the company has struggled to do in recent years.
The new skin care line will be launched in the US and the UK this month, as well as in Asia.
Tata had launched the first of its own skin care brands, Skin for All, in India in 2005.
The brand has since grown into a global brand with more than 300 million users and over a billion products sold.
Its flagship product is Skin Perfection, a foundation made of three skin types: oil-free, water-free and mineral-based.
Its products are sold in more than 170 countries and the company says it has sold more than 2.7 billion products in the world.
It has also invested in technology, launching products that make it easier for consumers to spot and remove makeup.
The Tata brand has been gaining in popularity in India.
It was the best-selling cosmetic brand in the country in 2016 and is expected to grow to about 1 billion people this year, according to the industry body Cosmetics India.
However, it has struggled in the face of growing competition from brands such as L’Oreal and L’Oréal.
The Indian cosmetics market has seen a huge growth in the past few years.
In the first half of this year alone, the country’s total cosmetics market was estimated at $13.9 billion.