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

Tata Consultancy Services is an Indian multinational technology company specializing in information technology services and consulting. Headquartered in Mumbai, it is a part of the Tata Group and operates in 150 locations across 46 countries. 

Acquisition Details

Tata Consultancy Services (TCS), India’s leading IT services firm, has announced its decision to acquire a 26-acre property in Chennai’s Raheja Industrial Township from Darshita Southern India Happy Homes for ₹2,250 crore. This strategic acquisition aims to bolster TCS’s delivery centre capabilities in the region.

The property, located in the bustling Raheja Industrial Township, will be developed into a state-of-the-art delivery centre, reinforcing TCS’s commitment to expanding its operational footprint in Chennai. The acquisition is expected to be completed within three months, subject to customary closing conditions.

“The company was incorporated in September 2004 and it is engaged in development of a commercial property which would be let on lease to prospective industrial consumers. Since the property is still under development, revenue generation is yet to commence, hence the last 3 years turnover is Nil,” said in a stock exchange filing.

About Happy Homes

Darshita Southern India Happy Homes, established in September 2004, specialises in commercial real estate development. As the property remains under construction, the company has not recorded any revenue over the past three years. The acquisition will be conducted as a cash transaction, with TCS retaining a call option to finalise the deal after two years.

TCS Q3 FY25 Results

In Q3 FY25, TCS reported a revenue of ₹63,973 crore, reflecting a 0.4% decline from the previous quarter. Despite the slight dip, TCS continues to strengthen its market presence, with strategic expansions such as the ₹2,250 crore acquisition of Darshita Southern India Happy Homes to enhance its delivery centre capabilities in Chennai.

Share Price Performance 

At 10:50 AM on March 12, 2025, Tata Consultancy Services Ltd. shares traded 2.15% down at ₹3,500.05 per share on the NSE.

Conclusion

This strategic acquisition reinforces TCS’s commitment to expanding its delivery centre infrastructure in Chennai, further strengthening its operational capabilities and market leadership in India’s IT sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.