Announcement
CtrlS Datacenters Ltd announced a strategic partnership with Canada Pension Plan Investment Board (CPP Investments). CPP will invest up to ₹7,000 crore (C$1 billion) to fund CtrlS’s growth in India’s digital infrastructure sector.
Equity Investment
CPP will invest ₹4,000 crore (C$588 million) for an 8.2% equity stake in CtrlS, valuing the company at a pre‑money ₹44,914 crore (C$6.6 billion).
Joint Venture
The partners will create a joint venture to develop hyperscale datacenter campuses across India. CPP will contribute ₹3,000 crore (C$441 million) to the JV, receiving 48% ownership, while CtrlS will hold 52%.
Strategic Rationale
The partnership aims to accelerate deployment of next‑generation, AI‑ready datacenter infrastructure to meet demand from hyperscalers, cloud providers, and enterprises. Both parties cite India’s rapid digital economy expansion and growing AI and cloud adoption.
Company Profile
CtrlS, founded in 2007, operates 19 datacenters across nine Indian markets with over 370 MW of capacity and a pipeline of 4.4 GW of projects at various stages. The firm plans to expand internationally into the Middle East and Southeast Asia, with Thailand as the first overseas market.
CPP Investments Background
CPP Investments made its first Indian investment in 2009 and opened a Mumbai office in 2015. As of 31 March 2026, CPP held over ₹1,850 billion (C$27 billion) in net assets in India, making it one of the largest international institutional investors in the country. The firm has a decade‑long track record of investing in global datacenter assets.
Executive Comments
Sridhar Pinnapureddy, Founder & CEO of CtrlS, said India’s AI moment is already here and the partnership reinforces reliability, sustainability, and long‑term growth. Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP, highlighted accelerating demand for datacenter infrastructure in India and the alignment with CPP’s global strategy.