Hyderabad: CtrlS Datacenters Ltd, a leading data centre player, has secured an investment commitment of up to ₹7,000 crore (C$1 billion) from Canada Pension Plan Investment Board (CPP Investments). This marks one of the largest recent investments in India's digital infrastructure sector, driven by accelerating demand for cloud, hyperscale, and artificial intelligence-ready datacentre capacity.
Investment Details
CPP Investments will invest ₹4,000 crore to acquire an 8.2% stake in Hyderabad-based CtrlS at a pre-money valuation of ₹44,914 crore (about C$6.6 billion), as announced by the two companies on Wednesday. An additional ₹3,000 crore will be used to form a joint venture to develop hyperscale datacentre campuses across India, with CPP Investments holding a 48% stake and CtrlS owning the majority 52%.
Industry Context
CtrlS founder and CEO Sridhar Pinnapureddy stated that the partnership will help the company scale capacity as India enters a new phase of AI-led infrastructure demand. “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 said.
Max Biagosch, senior managing director and global head of real assets at CPP Investments, highlighted India’s importance in the pension fund’s global datacentre strategy. “Demand for datacentre 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,” he said.
Company Profiles
CtrlS currently operates 19 datacentres across nine Indian markets, with more than 370 MW of live capacity and 4.4 GW of projects at various stages of execution. CPP Investments, which made its first investment in India in 2009, held over ₹1,85,000 crore (C$27 billion) in net assets in India as of March 31, 2026, making it one of the country’s largest international institutional investors.
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About the Author
Swati Bharadwaj
Swati Bharadwaj is a business journalist with 30 years of experience covering a host of sectors – right from technology, GCCs, talent, cybersecurity, pharma & biotech, aerospace & defence, BFSI, gems & jewellery to automotive, hospitality, infrastructure, retail, among others. She has worked with TOI and ET across multiple cities such as Hyderabad, Bengaluru, Pune and Ahmedabad.
