Hyderabad: Data centre player based CtrlS Datacenters Ltd has secured an investment commitment of up to ₹7,000 crore (C$1 billion) from Canada Pension Plan Investment Board (CPP Investments) in one of the largest recent investments in India’s digital infrastructure sector, as demand for cloud, hyperscale and artificial intelligence-ready datacentre capacity accelerates.CPP Investments will invest ₹4,000 crore to acquire an 8.2% stake in the Hyderabad-based CtrlS at a pre-money valuation of ₹44,914 crore, or about C$6.6 billion, the two companies said on Wednesday.Another ₹3,000 crore will be used to form a joint venture to develop hyperscale datacentre campuses across India, with CPP Investments holding 48% and CtrlS owning the majority stake at 52% in the joint venture.CtrlS founder and chief executive Sridhar Pinnapureddy said the partnership would 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, said India is a key part of 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.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, has investments of over Rs . As of March 31, 2026, CPP Investments held over Rs 1,85,000 crore (C$27 billion) in net assets in India, making it one of the country’s largest international institutional investors.
