Hyderabad-based CtrlS Datacenters has secured a landmark ₹7,000 crore investment from Canada Pension Plan Investment Board (CPP Investments) to accelerate development of next-generation hyperscale datacentre campuses across India. The strategic partnership, announced on June 17, 2026, marks CtrlS’s first institutional fundraise and validates India’s emergence as a critical node in the global AI infrastructure buildout.
CPP Investments will deploy ₹4,000 crore (C$588 million) to acquire an 8.2 per cent stake in CtrlS at a pre-money valuation of ₹44,914 crore. Separately, the two entities will establish a joint venture in which CPP Investments has committed up to ₹3,000 crore (C$441 million) and will hold 48 per cent equity, while CtrlS retains 52 per cent ownership.
The investment will fund creation of nearly 4 gigawatts of new datacentre capacity. CtrlS currently has 1.2 gigawatts under construction, with more than 3 gigawatts in the planning stage across acquired land with secured power.
India’s AI Moment Has Already Arrived
Sridhar Pinnapureddy, Founder and CEO of CtrlS Datacenters, stated that India’s AI transformation is already operational. Demand signals from hyperscalers, cloud service providers, and enterprises are unmistakable, with AI adding a new growth layer to the industry’s existing 20 per cent annual expansion driven by cloud adoption. Industry growth rates are now projected at 30–35 per cent annually.
CtrlS has built 19 datacentres across 10 cities, with two additional facilities under construction. The company maintains dominant positions in enterprise and BFSI sectors, hosting 17 of India’s top 20 banks and holding more than 50 per cent market share among foreign banks and insurance companies. Pinnapureddy indicated an IPO horizon of 12–36 months.
Global Pension Giant Bets on India’s Digital Surge
Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments, emphasised that datacentre demand in India continues accelerating due to hyperscale expansion, strong domestic cloud growth, and emerging AI-led demand.
CPP Investments made its first direct investment in India in 2009 and holds over ₹1,850 billion in net assets in the country as of March 31, 2026. The partnership reinforces CtrlS’s leadership in India’s digital infrastructure sector as AI and cloud adoption accelerate.
