This issue was because of rogue SIA node which I found in CMC. I have removed and then installed BODS without any issues..
Follow the below steps to remove rouge SIA node:
Select the orphaned node -> right-click -> Properties.
Copy the name of the orphaned node.
Open the Central Configuration Manager.
Create a new SIA.
For the 'Node Name' give it the exact spelling of the orphaned node.
SIA Port = 6410
Select the 'Recreate node' radio button -> Next (twice).
Select 'Start a new temporary CMS' -> Next.
New CMS Port = 6400.
Click 'Specify' and enter your CMS database login credentials.
Enter the ClusterKey information.
Complete the Wizard.
Do not start the new SIA.
Select the new SIA -> click Delete.