TSC India Ltd has expanded its service portfolio by entering the Hotels and Visa Services segments through the acquisition of GITHM Pvt. Limited. The acquisition marks a significant milestone in the company's journey towards becoming a diversified travel and customer experience solutions platform. The acquired business has already commenced contributing to the company's revenue performance.

The expansion is aimed at broadening service offerings, enhancing customer engagement across the travel value chain, and creating new revenue streams that complement its existing business. As part of this strategic initiative, the company has successfully entered the visa services business. The Hotels vertical will focus on providing travel-related accommodation solutions and associated customer services, enabling the company to cater to a wider range of travel requirements.

Strategic Expansion Details

The Hotels segment offers significant growth opportunities, driven by increasing travel demand, rising tourism activity, and evolving consumer preferences for integrated travel solutions. Through this vertical, the company will offer hotel booking services to its network of agents, allowing them to provide seamless accommodation solutions to end customers.

The Visa Services vertical, strengthened through the acquisition of GITHM Pvt. Limited, enables the company to offer end-to-end visa processing and documentation support services. The acquired business has established operational capabilities and an existing customer base, allowing for immediate integration and contribution to the company's financial performance.

Management Commentary

Ashish Mittal, Managing Director of TSC India Ltd, stated that the entry into the Hotels and Visa Services segments represents a natural extension of the company's existing travel and customer service capabilities. He noted that the acquisition of GITHM Pvt. Limited has enabled the company to establish an immediate presence in the visa services market and has already begun contributing to the revenue base.

Mittal added that both verticals offer substantial growth potential and are aligned with the long-term strategy of building a diversified and scalable travel services platform. The initial response has been encouraging, and the company expects these businesses to contribute positively to its growth trajectory and overall financial performance going forward.

TSC India Limited reported a revenue of ₹2851 lakh for the financial year ended March 31, 2026, reflecting a 10.58% increase compared to the previous year. The company recorded a Profit After Tax (PAT) of ₹438 lakh, while its EBITDA stood at ₹669 lakh, corresponding to an EBITDA margin of 23.45%. The Gross Transaction Value (GTV) reached ₹1,06,336 lakh, supported by a total of 220,450 bookings processed during the period.

The filing, submitted to the National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company's operational and financial performance for the half year and full year ended March 31, 2026. TSC India Limited operates as a B2B travel management company specializing in air ticketing services, utilizing a commission-based revenue model.

Financial Performance

The company’s financial metrics for FY26 indicate growth in top-line figures alongside specific margin adjustments. Total expenses for the year amounted to ₹2183 lakh. Finance costs were recorded at ₹150 lakh, while depreciation and amortization expenses stood at ₹55 lakh. The Diluted Earnings Per Share (EPS) for the year was ₹2.87.

Operational Metrics

Operational data highlights a significant scale in transaction volume. The company reported a take rate of 2.68% for FY26. The top five suppliers contributed 51.31% to the GTV. Trade receivables were managed at 3.40% of GTV, with receivable days calculated at 12 days based on a 365-day year.

Balance Sheet Highlights

The balance sheet for FY26 shows a strengthened equity base. Total equity increased to ₹4490 lakh from ₹1583 lakh in the previous year, while total assets grew to ₹9794 lakh. Non-current assets were recorded at ₹2320 lakh, and current assets stood at ₹7475 lakh. The net debt to equity ratio improved to 0.24x.