Hyderabad: CtrlS Datacenters Ltd. has announced a strategic partnership with CPP Investments, under which the global institutional investor will commit up to ₹7,000 crore (C$1 billion) to support the company’s expansion plans in India’s rapidly growing digital infrastructure sector.
The investment values CtrlS Datacenters at a pre-money valuation of ₹44,914 crore (C$6.6 billion) and marks a significant milestone in the company’s growth journey as demand for digital infrastructure, cloud services, artificial intelligence applications, and hyperscale datacenter capacity continues to rise across India.
As part of the agreement, CPP Investments will invest ₹4,000 crore (C$588 million) to acquire an 8.2% stake in CtrlS Datacenters, reflecting confidence in the company’s operational capabilities, market leadership, and long-term growth strategy.
Additionally, CPP Investments and CtrlS Datacenters will establish a joint venture focused on developing hyperscale datacenter campuses across India.
CPP Investments has committed up to ₹3,000 crore (C$441 million) to the joint venture and will hold a 48% equity stake, while CtrlS will retain 52% ownership.
The partnership is expected to accelerate the deployment of next-generation datacenter infrastructure designed to address increasing demand from hyperscalers, cloud service providers, artificial intelligence workloads, and India’s expanding digital economy.
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Commenting on the development, 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. Over the years, CtrlS has focused on reliability, sustainability, and long-term growth.
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.”
Highlighting the significance of the investment, Pinnapureddy added: “This investment reflects the confidence global investors have in CtrlS’ leadership position, execution capabilities, and the significant opportunity ahead.”
The investment further strengthens the position of CtrlS Datacenters as one of India’s leading digital infrastructure providers at a time when enterprises, cloud providers, and AI-driven applications are demanding greater computing capacity and resilient infrastructure.
Speaking about the partnership, Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments, said: “As one of the world’s fastest growing digital markets, India represents an important pillar of our global datacenter strategy.
Demand for datacenter infrastructure in India continues to accelerate, driven by hyperscale expansion, strong domestic cloud growth and emerging AI-led demand.
This partnership with CtrlS positions us to scale high-quality infrastructure and deliver long-term value for CPP contributors and beneficiaries.”
Biagosch further stated: “This investment builds on more than a decade of investing in India and the strength of our local platform. With an established presence on the ground, we continue to focus on investing alongside high-quality partners such as CtrlS and executing with discipline over the long term.”
The transaction adds to CPP Investments’ growing exposure to the global datacenter sector. Since making its first direct investment in 2017, CPP Investments has developed a diversified portfolio of datacenter assets and strategic joint ventures across major international markets, including the Asia-Pacific region.
CPP Investments entered India in 2009 and established its Mumbai office in 2015. As of March 31, 2026, the organization held more than ₹1,850 billion (C$27 billion) in net assets in India, making it among the country’s largest international institutional investors.
The partnership also reinforces the long-term expansion strategy of CtrlS Datacenters, which is focused on building sustainable and world-class datacenter campuses across the country.
As cloud adoption and AI deployment continue to accelerate, CtrlS Datacenters aims to deliver scalable, resilient, and future-ready infrastructure to support India’s next phase of digital growth.
CtrlS Datacenters Expansion Plans
Founded in 2007, CtrlS Datacenters currently operates 19 datacenters across nine key markets in India. The company has more than 370 MW of operational capacity and a development pipeline of 4.4 GW across projects at various stages of execution.
CtrlS Datacenters is developing next-generation AI-ready and hyperscale infrastructure to support India’s fast-growing digital economy while continuing to advance renewable energy adoption and sustainable datacenter practices.
The company has also announced plans to expand internationally across the Middle East and Southeast Asia, with Thailand identified as its first overseas market.
