The practice formalises a trend towards more strategic engagements for the firm.
Infosys plans to grow the local consulting team to include senior business architects, change management specialists and program directors.
The company recently completed a portfolio analysis project for ING Australia, recommending next steps in the application lifecycle for a number of core applications as part of a two-year technology transformation project.
Jackie Korhonen CEO Infosys Australia said the practice will allow it to engage with clients earlier in the project lifecycle, by providing the technology and process strategy that supports transformational business goals, as well as the execution of that strategy.
"We are known for our delivery excellence and this provides a solid platform from which to build our consulting arm," said Korhonen.
"Infosys has brought process rigor, domain expertise and a great track record for 'getting under the hood' in the ING Australia portfolio analysis," said ING Australia CIO Greg Booker.
"They have been a great partner for us."
Infosys is launching the practice at a time when the global economy is putting pressure on companies to rein in costs.
Korhonen added when times are good, businesses want to focus on growth rather than on transforming underlying processes and strategies.
"But when the market starts to contract, you can't afford to ignore inefficiencies. You must transform," she said.
Infosys has appointed industry veteran Robert Liong to lead the practice as managing partner, Consulting and Systems Integration.
Liong has 16 years of international industry and consulting experience to Infosys, having previously worked with BearingPoint, KPMG and Andersen Consulting.
He also has a strong financial services background through recent roles with ING and Westpac.
"We are thrilled to have Robert on the team," Korhonen said.
"His strength in pragmatic, results-oriented consulting is an important move in our drive to become a trusted transformation partner for clients in a range of industries."