CtrlS Datacenters has secured an investment commitment of ₹7,000 crore (approximately US$815 million) from CPP Investments to support the expansion of hyperscale and AI-ready data center infrastructure across India. The transaction values the company at a pre-money valuation of ₹44,914 crore (approximately US$5.23 billion) and represents one of the largest recent investments in India’s digital infrastructure sector.
Under the agreement, CPP Investments will invest ₹4,000 crore (approximately US$466 million) to acquire an 8.2% stake in CtrlS. The partners will also establish a joint venture to develop hyperscale data center campuses across India. CPP Investments has committed up to ₹3,000 crore (approximately US$349 million) to the venture and will hold a 48% ownership stake, while CtrlS will retain 52%. The companies said the partnership will accelerate the deployment of infrastructure designed to support rising demand from hyperscale cloud providers, AI applications, enterprise digital transformation initiatives, and India’s rapidly expanding digital economy.
CtrlS currently operates 19 data centers across nine Indian markets with more than 370 MW of operational capacity and a development pipeline totaling approximately 4.4 GW. The company is also pursuing international expansion across Southeast Asia and the Middle East, beginning with Thailand. CPP Investments, which has invested in India’s market since 2009, reported more than ₹1.85 trillion (approximately US$21.5 billion) in Indian assets as of March 31, 2026, making the country one of its largest international investment markets.
• CPP Investments to invest ₹4,000 crore (US$466 million) for an 8.2% stake in CtrlS
• New hyperscale data center joint venture backed by ₹3,000 crore (US$349 million) commitment
• CtrlS valued at ₹44,914 crore (US$5.23 billion) pre-money
• Joint venture ownership: CtrlS 52%, CPP Investments 48%
• CtrlS operates 19 data centers across nine Indian markets
• More than 370 MW of operational capacity
• Approximately 4.4 GW development pipeline under development
• Expansion plans include Thailand, Southeast Asia, and the Middle East
Sridhar Pinnapureddy, Founder and CEO of CtrlS Datacenters, said: “India’s AI moment is not on the horizon, it is already here. The demand signals from hyperscalers, cloud service providers, and enterprises are clear and unmistakable. Our partnership with CPP Investments reinforces these values. Together, we are not merely expanding capacity but also establishing the benchmark for AI-ready infrastructure in one of the world’s most significant digital markets.”
🌐 Analysis: The transaction highlights growing investor confidence in India’s emergence as a major AI and cloud infrastructure market. As hyperscalers expand regional capacity and enterprises accelerate AI adoption, demand for power-rich, carrier-neutral data center campuses continues to rise. India offers a combination of large-scale digital growth, expanding cloud consumption, and increasing requirements for sovereign infrastructure, making it a priority market for global infrastructure investors.