CtrlS Datacenters Ltd. has announced a strategic partnership with Canada Pension Plan Investment Board (CPP Investments), which will invest up to INR 7,000 crore (C$1 billion) to support CtrlS' growth in India's digital infrastructure sector.
Investment Details
CPP Investments will invest INR 4,000 crore (C$588 million) to acquire an 8.2% stake in CtrlS at a pre-money valuation of INR 44,914 crore (C$6.6 billion). Additionally, a joint venture will be formed to develop hyperscale datacenter campuses across India, with CPP Investments committing up to INR 3,000 crore (C$441 million) for a 48% equity stake, while CtrlS holds 52%.
Purpose of the Partnership
The collaboration aims to accelerate the development of next-generation datacenter infrastructure to meet rising demand from hyperscalers, cloud services, AI applications, and India's expanding digital economy.
Sridhar Pinnapureddy, Founder & CEO of CtrlS Datacenters, stated: "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. Over the years, CtrlS has focused on reliability, sustainability, and long-term growth. Our partnership with CPP Investments reinforces these values. Together, we are not merely expanding capacity but also establishing the benchmark for AI-ready infrastructure in one of the world's most significant digital markets." He added: "This investment reflects the confidence global investors have in CtrlS' leadership position, execution capabilities, and the significant opportunity ahead."
Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments, commented: "As one of the world's fastest growing digital markets, India represents an important pillar of our global datacenter strategy. Demand for datacenter 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 added: "This investment builds on more than a decade of investing in India and the strength of our local platform. With an established presence on the ground, we continue to focus on investing alongside high-quality partners such as CtrlS and executing with discipline over the long term."
CPP Investments' Presence in India
Since its first direct investment in 2017, CPP Investments has built a diversified global datacenter portfolio. In India, it began investing in 2009 and opened its Mumbai office in 2015. As of March 31, 2026, CPP Investments held over INR 1,850 billion (C$27 billion) in net assets in India, making it one of the country's largest international institutional investors.
About CtrlS Datacenters
Founded in 2007, CtrlS operates 19 datacenters across nine key Indian markets with over 370 MW of capacity and 4.4 GW of projects underway. The company focuses on AI-ready and hyperscale infrastructure, renewable energy, and sustainable practices. It also plans to expand into the Middle East and Southeast Asia, starting with Thailand.
