Pre-investment valuation reaches 449.14 billion Indian rupees (approximately 6.6 billion Canadian dollars)
Of which, 30 billion Indian rupees (approximately 441 million Canadian dollars) will be used to establish a joint venture
Hyderabad, IndiaJune 18, 2026 /PRNewswire/ — CtrlS Datacenters Ltd. today announced a strategic partnership with the Canada Pension Plan Investment Board (CPP Investments). CPP Investments will invest up to 70 billion Indian rupees (approximately 1 billion Canadian dollars) in CtrlS, fueling its next phase of growth in India’s rapidly expanding digital infrastructure sector.
Under the agreement, CPP Investments will invest 40 billion Indian rupees (approximately 588 million Canadian dollars) to acquire an 8.2% equity stake in CtrlS, reflecting confidence in the company’s market leadership, operational excellence, and long-term growth plans. Additionally, CPP Investments and CtrlS will form a joint venture to develop hyperscale data center campuses in India. CPP Investments has committed up to 30 billion Indian rupees (approximately 441 million Canadian dollars) to this joint venture, holding a 48% equity stake, while CtrlS holds 52%.
This collaboration aims to accelerate the development of next-generation data center infrastructure to meet the growing demands of hyperscale cloud providers, cloud services, AI applications, and India’s rapidly expanding digital economy.
Sridhar Pinnapureddy, Founder and CEO of CtrlS Datacenters, commented on the partnership: “India’s AI moment is not coming—it is already here. The demand signals from hyperscale cloud providers, cloud service providers, and enterprises are clear and unmistakable. For years, CtrlS has focused on reliability, sustainability, and long-term growth. Our partnership with CPP Investments further reinforces these values. We are not just expanding capacity; we are setting the benchmark for AI-ready infrastructure in one of the world’s most important digital markets.”
Sridhar added: “This investment reflects global investors’ confidence in CtrlS’s leadership, execution capabilities, and the significant opportunities ahead.”
Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments, stated: “As one of the fastest-growing digital markets globally, India is a key pillar of our global data center strategy. Driven by hyperscale expansion, robust domestic cloud service growth, and emerging AI demand, the need for data center infrastructure in India continues to accelerate. Our partnership with CtrlS enables us to expand high-quality infrastructure and generate long-term value for CPP contributors and beneficiaries.”
Biagosch added: “This investment builds on our over a decade of experience investing in India and the strength of our local platform. With a solid established presence in the country, we remain focused on co-investing with quality partners like CtrlS and maintaining disciplined execution over the long term.”
Since completing its first direct investment in 2017, CPP Investments has been actively involved in the global data center sector, building a diversified portfolio of data center assets and joint ventures in key international hubs, including Asia Pacific. CPP Investments made its first investment in India in 2009 and established its Mumbai office in 2015. As of March 31, 2026, CPP Investments held net assets exceeding 1,850 billion Indian rupees (approximately 27 billion Canadian dollars) in India, making it one of the largest international institutional investors in the country.
This partnership further solidifies CtrlS’s leadership in India’s digital infrastructure sector and supports its recent strategy to build sustainable, world-class data center campuses across India. With the proliferation of AI and cloud services, CtrlS is committed to providing scalable, resilient, and future-ready infrastructure for India’s next phase of growth.
About CtrlS Datacenters
Founded in 2007, CtrlS Datacenters Ltd. currently operates 19 data centers across nine key markets in India, with a total capacity exceeding 370 megawatts and an additional 4.4 gigawatts of projects at various stages of execution. The company is building next-generation AI-ready and hyperscale infrastructure to support India’s rapidly growing digital economy, while continuing to lead the adoption and promotion of renewable energy and sustainable data center practices. CtrlS has also announced plans to expand into international markets in the Middle East and Southeast Asia, with Thailand as its first overseas market. For more information, please visit www.ctrls.com or follow us on LinkedIn.