Hi Ranjna,
To my understanding there is no such limitation. TPS works at hypervisor level and it is one of the technique it uses to reclaim memory. Hence it benefits all virtual machines running on an ESX(i) Server.
To know more you may refer to below PDF document.
http://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&sqi=2&ved=0CC0QFjAB&...
Let me know if you have more questions.
Please mark this thread as answered if above information helped.