A report by the country’s leading daily on August 13 showed that Yotta Data Services, the Hiranandani Group-backed data centre operator, is considering filing its draft red herring prospectus (DRHP) with the market regulator Sebi for an initial public offering in the coming months. The company plans to raise around Rs 6,000-8,000 crore through the public offer. Overall, the company is targeting a total fundraising of Rs 15,000 crore through a mix of pre-IPO funding and the IPO. The Yotta Data Services IPO is expected to draw attention as the company expands its artificial intelligence (AI) infrastructure business. Here are key things to know about Yotta Data Services.
- Total Income: The company reported a total income of Rs 900.84 crore for the year ended March 2026 against Rs 463.31 crore a year ago, indicating a growth of more than 94% YoY.
- Outlay: Total expenditure of the company stood at Rs 887.61 crore in FY25 against Rs 441.34 crore a year ago.
- Profit: Yotta Data Services posted a profit of Rs 11.05 crore in FY25 against Rs 14.51 crore in FY24 and Rs 2.67 crore in FY23.
- Shareholding Pattern: Filing with MCA showed that Yotta Data Services has a highly concentrated shareholding structure, with 99% of its equity capital held by Utility Holdings Limited FZCO, a holding company incorporated in the UAE, while the remaining 1% is held by Infin Data Centre Holdings Limited FZCO.
- Dependency on customers: The top five customers contributed 52.8% of revenue, while the top 10 accounted for 69.34% in FY25. The concentration, however, improved from 65.48% and 74.05%, respectively, in FY24.
