#India #Data Centers #Hyderabad #CPP Investments #CtrlS Datacenters

CtrlS Partners with CPP Investments for Data Center Growth

In a significant move for the digital infrastructure sector in India, CtrlS Datacenters Ltd. has announced a strategic partnership with the Canada Pension Plan Investment Board (CPP Investments). This collaboration is set to enhance CtrlS’s capabilities and capacity in the rapidly growing data center market. The partnership involves a strong financial commitment of up to ₹7,000 crores (approximately CAD 1 billion), aimed at driving the expansion of digital infrastructure across India.

Key Details of the Partnership

According to the latest reports, CPP Investments will initially invest ₹4,000 crores (around CAD 588 million) to acquire an 8.2% stake in CtrlS. This strategic investment underscores CPP’s confidence in CtrlS's operational excellence and leadership position in the industry. Additionally, both entities will establish a joint venture dedicated to developing hyperscale data center complexes throughout India. In this joint initiative, CPP Investments plans to invest ₹3,000 crores (approximately CAD 441 million), which will grant it a 48% share, while CtrlS retains a 52% stake.

Responding to Rising Demand

The partnership is poised to address the increasing demand for next-generation data center infrastructures, especially given the surge in hyperscale operations, cloud services, and AI applications in the booming Indian digital economy. Sridhar Pinnapureddy, Founder and CEO of CtrlS, remarked on the partnership: "The era of AI in India is not on the horizon; it is already here. The signals being sent by hyperscalers and cloud service providers are clear and unequivocal. Over the years, CtrlS has prioritized reliability, sustainability, and long-term growth. Our partnership with CPP Investments reaffirms these values. Together, we are not just increasing capacity; we are setting the standards for AI-ready infrastructure in one of the world's largest digital markets."

Furthermore, Max Biagosch, Senior Managing Director and Global Head of Real Asset Investments at CPP Investments, emphasized the importance of India in their global strategy. "As one of the fastest-growing digital markets globally, India is a cornerstone of our data center investments. This partnership will enable us to build high-quality infrastructure that adds long-term value for Canadian Pension Plan contributors and beneficiaries. We have been investing in India for over a decade, and our presence allows us to collaborate effectively with top-tier partners like CtrlS, with a rigorous long-term approach to our initiatives."

A Testament to Growth

Since its first direct investment in 2017, CPP Investments has formed a diversified portfolio in the global data center sector. Their commitment to India dates back to 2009, with a Mumbai office established in 2015. As of March 31, 2026, CPP Investments reported over ₹1,850 billion (approx. CAD 27 billion) in net assets in India, positioning it as one of the largest international institutional investors in the country.

With this new partnership, CtrlS is not only reinforcing its leadership in India’s digital infrastructure space but is also gearing up to build world-class, sustainable data center complexes nationwide. As the demand for AI and cloud services escalates, CtrlS is committed to providing scalable, resilient, and future-oriented infrastructure to support the next phase of India’s growth.

About CtrlS Datacenters

Founded in 2007, CtrlS Datacenters Ltd. operates 19 data centers over nine key markets in India, boasting more than 370 MW of capacity and projects totaling an impressive 4.4 GW at various implementation stages. They are dedicated to developing next-generation, AI-compatible hyperscale infrastructure to support India's expanding digital economy, while also leading the way in renewable energy adoption and sustainable practices within the sector. Moreover, CtrlS aims to reach international markets in the Middle East and Southeast Asia, with Thailand being their first overseas market. For more information, visit CtrlS or follow them on LinkedIn.