Hi Potshot,
TSI India has already established strong sound relationships with major Indian banks, Utility Co's and Financial Institutions - 10 clients in total with over 230 million plus customers on their databases collectively. TSN are reviewing numerous business opportunities to 'leverage' the strong relationships they have formed over the years with clients and Indian market. Leverage is the keyword here.
As for your other part of your post, I can answer that in my post below. There are many layers to this business.
http://hotcopper.com.au/threads/why-tsn-is-so-undervalued.2613000/?post_id=16153636#.ViA4H34rLIU
Onwards we go.
Tony
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