Canada's CPP Investments to Invest ₹7,000 Crore in CtrlS Datacenters for AI-Ready Hyperscale Expansion, Hyderabad
CtrlS Datacenters has secured an investment commitment of up to ₹7,000 crore from Canada Pension Plan Investment Board (CPP Investments) at a valuation of ₹44,914 crore, to scale up its data centre operations across India.
Under the partnership, CPP Investments will inject ₹4,000 crore to acquire an 8.2% equity stake in CtrlS, and commit up to ₹3,000 crore toward a joint venture to develop hyperscale data centre campuses across the country. CPP Investments will hold a 48% stake in the JV, with CtrlS retaining majority ownership at 52%.
CtrlS currently operates 12 data centres with about 234 MW of installed capacity across Mumbai, Hyderabad, Chennai, Bengaluru, Noida, Lucknow and Patna. The company has about 1.2 GW of capacity under construction, with more than 3 GW in the planning stage where land has been acquired and power secured. Under its expansion roadmap, CtrlS plans to add around 350 MW of new AI- and cloud-ready capacity in the near term.
The capital will fund deployment of next-generation data centre technologies including liquid cooling systems, AI-optimised HVAC infrastructure and advanced power-management systems to support rising demand from hyperscalers, cloud service providers and AI applications. This marks CtrlS's first institutional fundraise, having previously raised capital from family and friends including Zerodha co-founder Nikhil Kamath.