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TCS

has acquired a 100% stake in Darshita Southern India Happy Homes for Rs 2,250 crore. This acquisition will enable TCS to utilize the land and building as a new delivery center, enhancing its operational capabilities. TCS announced the acquisition of Darshita Southern India Happy Homes, a commercial real estate firm. The deal is valued at Rs 2,250 crore. The acquisition will provide TCS with a delivery center to support its operations. Strategic Expansion This move is part of TCS's broader strategy to expand its seating capacity across India. The company has previously acquired properties to increase its operational space, including TRIL Bengaluru Real Estate Five and Six for Rs 1,650 crore. TCS aims to add more than 10,000 seats in the current quarter and 30,000 seats over the past year. Background of Darshita Southern India Happy Homes The firm was initially established as a residential project but was later converted into a commercial office space. It is a special purpose vehicle created by the Salarpuria Sattva group, indicating a strategic shift in its operational focus. Future Plans plans to execute the acquisition through a call option to acquire a 100% equity stake in the entity after two years. The company is focusing on a combination of owned and leased properties to manage its capacity flexibly while protecting against inflation.