DTL built staffing through seven transactions since 2022

Diensten Tech Limited (DTL) completed seven transactions from April 2022 to November 2025 to build its staffing business, with the Rs 19 crore Ushta Te Consultancy Services LLP acquisition contributing Rs 23.42 crore of revenue in FY26, its first consolidated year. The record shows that business transfers, acquired client contracts and acquisitions were central elements of the company’s expansion.

How did DTL build its staffing operation?

DTL began the recorded transaction programme in April 2022 with the Rs 5.7 crore transfer of JK Technosoft’s Professional Services and Training business, which the presentation describes as the platform for its current staffing operation. In September 2023, it completed two business transfer agreements, or BTAs: a Bangalore-based staffing business valued at Rs 13 crore for Rs 11.9 crore, and a Hyderabad-based staffing business valued at Rs 3.20 crore for Rs 2.9 crore. Both transfers brought client contracts and employees.

The transaction record continued with a February 2024 BTA for another Bangalore-based staffing company, valued at Rs 6.67 crore and acquired for Rs 6.7 crore. In October 2025, DTL acquired the revenue of a Bangalore-based staffing company for Rs 21 crore, with acquired revenue stated as Rs 69 crore; that transaction also transferred client contracts and employees. The seventh listed transaction was the November 2025 incorporation of Diensten Tech Inc. in the United States for Rs 10 lakh as a platform for entering that market.

The seven transactions therefore combined operating-business transfers with two corporate structures: the May 2025 acquisition of a Mumbai-based limited liability partnership and the November 2025 United States subsidiary. Four of the listed deals, in September 2023, February 2024 and October 2025, involved Klaus IT Solutions Pvt Ltd as the BTA counterparty. The presentation identifies transferred contracts and employees as the common mechanism in those staffing transactions, rather than presenting the expansion solely as organic recruitment.

What did the Ushta Te acquisition add to DTL?

DTL acquired about 100% of Ushta Te Consultancy Services LLP for Rs 19 crore, effective 12 May 2025, and describes it as a 99.99% subsidiary. The presentation says the Mumbai-based LLP provided a platform for entry into Tier-1 GCC customers, where GCC is the market label used in the presentation. It also added non-technical content skills, premium customer engagements and clients that include “Magnificent Seven” technology companies.

FY26 was Ushta Te’s first consolidated year in DTL’s results, and the acquired business contributed Rs 23.42 crore of revenue and Rs 1.2 crore of profit before tax, or PBT. The deal added 39 marquee logos, eight clients and more than 200 employees, according to the presentation. These are stated contributions from the acquired LLP, rather than an estimate of revenue or staff generated across DTL’s broader legacy business.

Integration was incomplete at the FY26 reporting point. DTL says 40% of Ushta Te had been integrated into the DTL entity and targets 60% integration by March 2027. That disclosed target is relevant because the acquisition’s reported FY26 contribution came during its first year of consolidation, while organisational integration is scheduled to continue beyond FY26.

How did transactions coincide with DTL’s scale-up?

DTL’s reported revenue rose from Rs 37.5 crore in FY23 to Rs 162.8 crore in FY26, a 4.3-times scale-up over the period in which it completed five of the seven listed transactions by May 2025. FY26 revenue increased 151% from Rs 64.9 crore in FY25. The presentation reports the financial change alongside the transaction history, but it does not quantify how much of total FY26 revenue came from each business transfer other than Ushta Te.

Earnings also changed over the reported period. Earnings before interest, tax, depreciation and amortisation, or EBITDA, moved from a Rs 1.6 crore loss in FY24 to a Rs 9.8 crore profit in FY26, while the EBITDA margin rose to 5.9% from 3.6% in FY25, an expansion of 230 basis points. PBT returned to Rs 1.8 crore in FY26 after losses of Rs 3.8 crore in FY24 and Rs 2.9 crore in FY25.

The larger FY26 revenue base coincided with broader customer coverage. Billing clients increased from 36 in FY25 to 65 in FY26, while the top five clients’ revenue share declined to 57.3% from 69.4%. GCC revenue represented 60.6% of FY26 revenue, down from 71.3% in FY25, while domestic revenue increased to 39.4% from 28.7%; the presentation reports GCC growth of 114% and domestic growth of 244% during FY26.

What is DTL’s transaction and operating plan from here?

DTL’s stated priorities are to scale its GCC engine, build Hire–Train–Deploy capacity in artificial intelligence, machine learning, data engineering and cloud, and expand managed services, statement-of-work and outcome-based revenue. The stated operating rationale is to deepen wallet share with existing GCC clients, expand the client base including in the Middle East, and own delivery in more engagements rather than only supplying resources. GCC clients accounted for about 60% of revenue in the strategic-priorities presentation.

Management has set FY29 targets of 5x revenue growth and 10x EBITDA growth, alongside objectives of client selection, working-capital efficiency and capital-allocation discipline. These are management targets, not reported outcomes. The presentation does not disclose another acquisition target, a transaction budget or a timetable for further business transfers after the November 2025 United States incorporation.

The disclosed near-term transaction milestone is Ushta Te integration: 60% is targeted by March 2027 after 40% had been integrated. The October 2025 BTA also provides a defined acquired-revenue figure of Rs 69 crore, but the presentation does not state its post-transfer revenue contribution or integration progress. The available record therefore establishes the scale and sequence of seven transactions while leaving their separate financial effects beyond Ushta Te unresolved.

Conclusion

DTL’s transaction history shows a staffing platform assembled through seven completed deals between April 2022 and November 2025, spanning business transfers, the Rs 19 crore Ushta Te acquisition and a Rs 10 lakh United States subsidiary. Over the same broad period, reported revenue increased from Rs 37.5 crore in FY23 to Rs 162.8 crore in FY26, although the presentation does not assign that increase transaction by transaction.

The next disclosed milestones are 60% Ushta Te integration by March 2027 and management’s FY29 targets of 5x revenue growth and 10x EBITDA growth. Readers can also watch whether the Rs 69 crore revenue acquired in the October 2025 BTA is reflected in later reported results, and whether DTL discloses further transaction plans after the seventh completed deal.