Tata Consultancy Services (TCS) has signed a deal to acquire 100% equity in Darshita Southern India Happy Homes Private Limited for ₹2,250 crore. This acquisition is not about entering the real estate business but about securing land and a commercial building to set up a new delivery center for its IT operations.
Darshita Southern India Happy Homes was incorporated in 2004 and focuses on commercial real estate development. Since the property is still under construction, the company has not recorded any revenue in the last 3 years. The transaction will be completed in cash, and TCS has the flexibility to finalize the deal after 2 years through a call option.
Meanwhile, TCS reported its Q3 revenue at ₹63,973 crore, showing a 0.4% dip compared to the previous quarter. Analysts had expected a slight increase, but the actual numbers fell short. In US dollar terms, the revenue stood at $7,539 million, slightly below expectations. The company’s constant currency growth remained flat, mainly due to furloughs and lower contributions from previous deals.
Despite this, TCS continues to focus on long-term growth. The new delivery center will strengthen its capabilities and expand its operational footprint.