TCS to Acquire Real Estate Firm Darshita Southern India Happy Homes for ₹2,250 Crore

Tata Consultancy Services (TCS) has announced its acquisition of Darshita Southern India Happy Homes Pvt Ltd for ₹2,250 crore. This all-cash deal involves acquiring the land and building held by Darshita Southern India Happy Homes to serve as a delivery center for TCS.

The entity, incorporated in September 2004, is engaged in the development of commercial property intended for lease to industrial consumers. Since the property is still under development, revenue generation has not yet commenced.

This acquisition is part of TCS's strategic move to expand its physical infrastructure, particularly in Bengaluru, a key hub for India's tech industry. The new delivery center will enhance TCS's capacity to serve its clients and support its growth plans.

The deal also includes a call option to acquire 100% equity shares in the entity after two years. This provides TCS with flexibility in managing its investment and future plans for the property.

Earlier this year, TCS announced the acquisition of two wholly-owned subsidiaries of Tata Realty and Infrastructure Limited for ₹1,625 crore.

While not a direct acquisition, TCS also announced a strategic partnership with Vantage Towers, Europe's second-largest telecom tower operator. This collaboration aims to launch a digital service platform to streamline service processes for property owners leasing land for telecom towers across eight European markets.