In one of the largest investments in India’s digital infrastructure sector, CtrlS Datacenters has secured a commitment of up to ₹7,000 crore from Canada Pension Plan Investment Board (CPP Investments) to expand hyperscale and AI-ready data centre infrastructure across the country.
The partnership includes a ₹4,000 crore investment by CPP Investments for an 8.2% stake in CtrlS at a pre-money valuation of ₹44,914 crore (C$6.6 billion). Additionally, the two companies will establish a joint venture focused on developing hyperscale data center campuses across India, with CPP Investments committing up to ₹3,000 crore and holding a 48% stake, while CtrlS will retain 52%.
The investment comes at a time when demand for digital infrastructure is surging, driven by cloud adoption, hyperscaler expansion, artificial intelligence workloads, and India's rapidly growing digital economy. The partnership is expected to accelerate the development of next-generation data center capacity to support these emerging requirements.
Commenting on the development, Sridhar Pinnapureddy, Founder and CEO of CtrlS Datacentres, said that “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.”
He added that this investment reflects the confidence global investors have in CtrlS’ leadership position, execution capabilities, and the significant opportunity ahead.
Highlighting India's strategic importance, 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 datacentre infrastructure in India continues to accelerate, driven by hyperscale expansion, strong domestic cloud growth and emerging AI-led demand.”
CPP Investments has been actively expanding its global data centre portfolio across key international markets. In India, the institution has maintained a strong presence since making its first investment in 2009 and opening its Mumbai office in 2015. As of March 31, 2026, CPP Investments held more than ₹1.85 lakh crore (C$27 billion) in net assets in India, making it one of the country’s largest international institutional investors.
The deal also underscores growing global investor confidence in India's emergence as a major hub for AI, cloud, and digital infrastructure, as the country prepares for the next phase of technology-led growth.
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