CPP Investments Commits ₹70 Billion to CtrlS for 8.2% Stake, India Data Center JV
Updated
Updated · TechCrunch · Jun 17
CPP Investments Commits ₹70 Billion to CtrlS for 8.2% Stake, India Data Center JV
3 articles · Updated · TechCrunch · Jun 17
Summary
₹70 billion from CPP Investments will fund an 8.2% stake in CtrlS and a new venture to build hyperscale data center campuses across India.
₹40 billion buys the equity stake, while up to ₹30 billion goes into the joint venture, which CPP will own 48% and CtrlS 52%.
CtrlS, founded in 2007, already operates more than 15 Indian data centers and said the partnership will expand capacity for cloud, enterprise and AI workloads.
India is drawing a wave of AI infrastructure capital: AirTrunk this month pledged $30 billion by 2030, and Meta last week tied up with Reliance on a 168-megawatt Gujarat facility.
The deal deepens CPP's digital infrastructure push in a market where it already held about $20 billion in assets as of March 31, even as India's data center boom raises power and water demands.
Is India's data center boom creating true AI sovereignty or just digital real estate for American tech?
With billions invested in India's AI ambitions, can its strained power grid support the digital dream?
Is Canada's $741M bet on India's AI future a brilliant move or a massive infrastructure gamble?
$1 Billion CtrlS–CPP Investments Partnership Sets New Benchmark for India’s AI and Data Center Infrastructure
Overview
On June 17, 2026, CtrlS Datacenters Ltd. and CPP Investments announced a landmark $1 billion partnership to transform India’s digital infrastructure. This alliance aims to rapidly expand data center capacity and set new standards for AI-ready infrastructure, responding to strong demand from hyperscalers, cloud providers, and enterprises. The partnership not only supports CtrlS’s commitment to reliability and sustainability but also fits CPP Investments’ global data center strategy. Together, they are positioned to drive India’s digital growth, meeting the urgent need for robust, scalable, and future-ready infrastructure in one of the world’s fastest-evolving digital markets.