TARC Ltd. (formerly Anant Raj Global Limited) is a prominent Indian real estate development company headquartered in Delhi NCR. Originally established as a construction and contracting firm, TARC has evolved into one of the largest real estate developers and land bank holders in the New Delhi Metropolitan Area. The company officially changed its name from Anant Raj Global Ltd. to TARC Ltd. in April 2021. TARC Limited, incorporated in 2016, operates as a comprehensive real estate enterprise with a strong focus on creating premium living spaces and commercial developments across various verticals, including Residential, Hospitality, Commercial, and Retail projects. It is recognized as a leading brand in the luxury residential sector, with its key developments concentrated in Delhi NCR.
TARC operates with a substantial land bank strategically located across prime areas in the National Capital Region. The company possesses over 350 acres of land within the municipal limits of Delhi and an additional 250 acres in Gurugram, Manesar, and Greater Noida. TARC's business model is built upon multiple revenue streams derived from property development, sales, and leasing operations. The company is involved in the construction and development of residential, commercial, township projects, SEZs, IT parks, and malls. It also owns and leases real estate properties and sells various real estate units, including land, plots, apartments, and commercial units. TARC has diversified its portfolio to include industrial developments, with projects like TARC Industrial Park (North Delhi), TARC Industrial District (Manesar), and TARC Industrial Park (Greater Noida).
TARC Limited has demonstrated remarkable operational performance and achieved significant milestones. In FY2025, the company recorded its highest annual sales to date, totaling ₹3,122 crore, with some reports indicating even higher figures of ₹3,722 crore. A substantial portion of these sales, ₹1,235 crore, was achieved in the fourth quarter (Q4 FY2025). Collections for the fiscal year stood at ₹484 crore, with ₹113 crore collected in Q4 FY2025.
As of recent data, TARC has a Market Capitalization of ₹5,784 Crore (with a 2.62% increase in the past year) and Promoter Holding of 65.1% as of March 2025. For FY25, the company reported Revenue of ₹33.7 Cr and a Profit of -₹231 Cr. On a quarterly basis, TARC reported a consolidated net loss of ₹28.67 crore in Q3 FY25, an improvement from the net loss of ₹33.49 crore in Q3 FY24. Revenue from operations saw a marginal increase to ₹9.35 crore in Q3 FY25, compared to ₹9.30 crore in Q3 FY24.
TARC has been actively expanding its luxury residential portfolio through strategic project launches. During FY2025, the company introduced two major luxury residential projects: TARC Ishva in Gurugram, with a Gross Development Value (GDV) of ₹2,700 crore, and Phase II of TARC Kailasa in New Delhi, an expansion of its flagship development. Significant construction progress has been made across its ongoing projects. The boutique residential development, TARC Tripundra, is in its final stages and is anticipated to be completed ahead of schedule, with unit handovers expected in FY2026, enabling earlier revenue recognition. The company has a history of successful project delivery, including the launch of the luxury residential project TARC Tripundra in New Delhi in 2023, offering excellent connectivity, and the TARC Kailasa luxury residential project in FY2024, which saw Phase 1 sell out within three months of its launch.
TARC is committed to expanding its land bank for future developments. In FY2025, the company acquired new land parcels in Gurugram, slated for launch in FY2026. Additionally, TARC is finalizing designs for two more luxury residential projects, also planned for debut in the upcoming fiscal year. The company has also implemented a strategic asset monetization strategy to optimize its capital structure. TARC successfully completed the sale of two of its land parcels to a global fund for a total consideration of ₹295 crore and is continuously evaluating the potential of its assets.
TARC operates through a network of subsidiaries to manage its diverse real estate portfolio. Key subsidiaries include Anant Raj Hotels Ltd., BBB Realty Private Ltd., Goodluck Buildtech Private Ltd., TARC Projects Ltd., and Oriental Meadows Ltd. The company has undertaken significant financing initiatives through its subsidiaries. TARC Ltd.'s wholly owned subsidiaries, Fabuious Builders, Grand Buildtech, and TARC Green Retreat, have collectively allotted secured, unrated, unlisted redeemable non-convertible debentures totaling ₹426 crore through private placement.
TARC has solidified its position as a prominent player in the luxury real estate segment, with a strategic focus on premium developments in high-demand locations like Delhi and Gurugram. The company leverages its strong financial position and prime land bank to drive its expansion in the luxury real estate market. TARC's strategic positioning provides significant competitive advantages in the luxury housing market. Looking ahead, TARC Limited aims to further expand its footprint in the luxury housing market in New Delhi and Gurugram, aligning its developments with evolving buyer preferences, emphasizing timely delivery, and maintaining high construction standards. TARC Limited continues to strengthen its standing as a leading luxury real estate developer in India's capital region, utilizing its extensive land bank, strategic locations, and commitment to premium residential developments to foster future growth and market expansion.
