Petrological, geochemical, and zircon U–Pb geochronological features of Archean ultramafic–mafic complexes formed in subduction‐related settings provide significant insights into mantle source and geodynamic processes associated with subduction–accretion‐collision events in the early Earth. Here, we investigate a suite of serpentinized dunite, dunite, pyroxenite, and clinopyroxenite from an ultramafic complex along the collisional suture between the Western Dharwar Craton (WDC) and the Central Dharwar Craton (CDC) in southern India. We present petrology, mineral chemistry, zircon U–Pb geochronology, rare earth element (REE), Lu–Hf isotopes, and whole‐rock geochemistry including major, trace element, and platinum‐group element (PGE) data with a view to investigate the magmatic and metasomatic processes in the subduction zone. Mineral chemistry data from chromite associated with the serpentinised ultramafic rocks show distinct characteristics of arc‐related melt. Zircon U–Pb data from the ultramafic suite define different age populations, with the oldest ages at 2.9 Ga, and the dominant age population showing a range of 2.8–2.6 Ga. The early Paleoproterozoic (ca. 2.4 Ga) metamorphic age is considered to mark the timing of collision of the two WDC and CDC. Zircon REE patterns suggest the involvement continental crust components in the magma source. Zircon Lu–Hf analysis yields both positive and negative εHf(t) values from −3.9 to 1.5 with Hf‐depleted model ages (TDM) of 3,041–3,366 Ma for serpentinised dunite and −0.2–2.0 and 2,833–2,995 Ma for pyroxenite, suggesting that the magma was sourced from depleted mantle and was contaminated with the ancient continental crust. Geochemical data show low MgO/SiO2 values and elevated Al2O3/TiO2 ratios, implying subduction‐related setting. The serpentinized dunites and dunites show mild LREE enrichment over HREE, with relatively higher abundance of LILE (Ba, Sr) and depletion in HFSE (Nb, Zr), suggesting fluid–rock interaction, melt impregnation, and refertilization processes. The PGE data suggest olivine, chromite, and sulphide fractionations associated with subduction processes. Our study on the Mesoarchean to Neoarchean ultramafic complex provides important insights to reconstruct the history of the crust–mantle interaction in an Archean suprasubduction zone mantle wedge.