TARC Limited Reports Consolidated Revenue Growth of 161% YoY & 68% QoQ
Delhi, August 11, 2022: TARC Limited, a leading New Delhi-based real estate developer, has
reported an impressive revenue generation of Rs. 71.27 crores in the Q1 of the current financial
year FY2022-23. The Company also reported robust growth in EBIDTA in comparison to
previous periods and witnessed a quantum jump in consolidated Profit during the period.
With its recent transaction with Bain Capital, the Company has streamlined its financial
obligations once and for all. This essentially provides for the Management to vigorously focus
on projects only without diverting attention to financial planning. The Bain Capital transaction
is one of the largest investments received in a real estate company in North India in recent
times. It is pertinent to mention that the Company also completed two transactions with
venerable foreign institutional investors namely, Blackstone and ESR in the past 12 months.
Commenting on the Company’s stellar performance, Amar Sarin, Managing Director & CEO,
TARC Ltd., stated, “This growth is the testimony of investors’ trust in our projects which offer the world-
class amenities supported by cutting-edge technologies. In order to offer more options to
consumers, we are planning to launch new projects, which are in the pipeline at prime locations
across Delhi and Gurgaon. We will partly utilize the fund raised from Bain Capital as well as
revenues coming our way from existing projects to develop the upcoming projects.”
The Company is geared to launch its upcoming project TARC Tripundra located at the Main
Bijwasan Road, Pushpanjali Greens, New Delhi. The project has already garnered huge interest
for pre- sales from discerning customers owing to the locational advantage of the project and
its state-of-the-art offerings. The key driving factors behind the inclination of consumers are the
seamless connectivity of the airport location, adequate greenery, and the availability of
necessary social infrastructures such as schools and hospitals besides the numerous amenities
and facilities planned in the project.
The Company is also planning and developing a number of projects in New Delhi and Gurugram.
With the new launches and exclusive offerings at the existing projects, the Company expects a
remarkable rise in revenue generation and profits in the upcoming quarters. The unwavering
trust of its customers in the Company’s offerings and the continuously thriving realty market in
the country are factors that pave the way for TARC’s growth plans toward fruition