Tata Consultancy Services (TCS) has announced plans to acquire Bengaluru-based Darshita Southern India Happy Homes, a commercial real estate firm, for ₹2,250 crore, according to an exchange filing on Tuesday, as reported by The Financial Express.
The IT services giant stated that the land and building owned by Darshita Southern India Happy Homes would be utilized as a delivery center. The transaction will be executed through a call option, allowing TCS to acquire a 100% equity stake in the entity after two years.
TCS has been actively expanding its seating capacity across India. In January, the company acquired TRIL Bengaluru Real Estate Five and TRIL Bengaluru Real Estate Six for Rs 1,650 crore to meet its growing office space requirements.
Chief Financial Officer Samir Seksaria previously told The Financial Express that TCS aims to increase seating capacity through a mix of owned and leased properties.
“We have purchased land in Bengaluru to expand our seating capacity over the next three to four years. We have been expanding across India, adding more than 10,000 seats in the last quarter and 30,000 in the past year. We also launched operations in Coimbatore,” Seksaria said.
The company’s capacity expansion is part of its capital expenditure plan for physical infrastructure. Seksaria explained that leasing offers flexibility, while ownership provides long-term protection against inflation.
“Leasing helps us flex our capacity while owning protects us against inflation,” he said, outlining the company’s strategy regarding owned and leased office spaces.
According to a report by CareEdge, Darshita Southern India Happy Homes is a special purpose vehicle (SPV) created by property management firm Salarpuria Sattva Group. The SPV was originally intended as a residential project but was converted in fiscal year 2019 into a commercial office space under the name Salarpuria Sattva Knowledge Point in Bengaluru.
TCS’s continued investments in commercial real estate align with its strategy to scale operations and strengthen its physical infrastructure footprint across India.