Tanglin

About Tanglin

Tanglin Developments Limited, registered as a public, non-government company, was incorporated in India on December 28, 1995. The company operates primarily in the real estate sector, focusing on the development and management of commercial properties. Its main asset was the Global Village Tech Park, a significant software technology park located in Bangalore. This tech park is a special economic zone built on 114 acres, housing major corporate tenants. The business model centers on generating revenue through long-term lease contracts and license fees from corporate clients occupying its IT parks and SEZ properties.

The company was notably associated with its promoter, V.G. Siddhartha, the founder of the Coffee Day Group. Tanglin Developments is part of the Coffee Day Enterprises Ltd (CDEL) holding structure. The current directors of the company include Deekshith Malle Gowda Koduvalli, Sreedhar Basavegowda, and Mohan Raghavendra Kondi. Over the years, the company's financial performance has been linked to the income from its commercial real estate assets. For the fiscal year 2018, it reported a total income from operations of Rs 134 Crores. In a significant corporate milestone, a deal was announced in 2019 for Blackstone and Salarpuria Sattva to acquire the Global Village tech park. This move was part of a broader strategy by the Coffee Day group to deleverage by monetizing assets.

The company's core service involves providing large-scale, leasable office space within an integrated township concept. The Global Village Tech Park, for instance, was planned to include not just commercial buildings but also residential, retail, and recreational facilities, aiming to create a self-sustaining community for its tenants. The primary clients are large corporations, including multinational IT and consulting firms like Accenture and Mphasis, who require extensive office space under long-term leases.