CtrlS Datacenters has secured a Rs 7,000 crore commitment from Canada Pension Plan Investment Board (CPP Investments) to accelerate the expansion of its data centre footprint and hyperscale infrastructure across India, underscoring growing investor confidence in the country’s rapidly expanding digital economy.
Under the transaction, CPP Investments will invest Rs 4,000 crore to acquire an 8.2 per cent stake in CtrlS Datacenters. The two partners will also establish a joint venture to develop hyperscale data centre campuses across India, with CPP Investments committing up to Rs 3,000 crore for a 48 per cent stake in the venture. CtrlS will hold the remaining 52 per cent.
The partnership is aimed at meeting rising demand for digital infrastructure driven by hyperscalers, cloud service providers, artificial intelligence (AI) workloads and enterprise digitisation initiatives.
Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments, said India has emerged as a key market in the firm’s global data centre strategy.
“Demand for data centre 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,” he said.
CPP Investments has been investing in the global data centre sector since 2017 and has built a diversified portfolio across major international markets. The latest investment further strengthens its presence in India, where it has invested for more than a decade. As of March 31, 2026, CPP Investments had net assets of over Rs 1.85 lakh crore in the country.
Sridhar Pinnapureddy, Founder and CEO of CtrlS Datacenters, said India is witnessing a sharp rise in demand for AI-ready digital infrastructure.
“India’s AI moment is already here. The demand signals from hyperscalers, cloud providers and enterprises are clear. Over the years, CtrlS has focused on reliability, sustainability and long-term growth. Our partnership with CPP Investments reinforces these values,” he said.
The investment comes at a time when India’s data centre industry is witnessing rapid capacity additions, fuelled by increasing cloud adoption, AI deployment and data localisation requirements. Industry experts expect the country to remain one of the fastest-growing data centre markets globally over the next decade.
