CtrlS Datacenters Ltd., a key player in South Asia’s data center landscape, has announced a strategic partnership with Canada Pension Plan Investment Board (CPP Investments) as per which CPP Investments will invest up to ₹ 7,000 crore (~US$ 739 million) to help fund CtrlS’ upcoming digital infrastructure projects in India.
As part of the partnership, CPP Investments will invest ₹ 4,000 crore (~US$ 422 million) to acquire an 8.2 percent stake in CtrlS. In addition, CPP Investments and CtrlS will form a joint venture to develop hyperscale data center campuses across India. CPP Investments has committed up to ₹ 3,000 crore (~US$ 317 million) to the joint venture and will hold 48 percent equity ownership, with CtrlS owning 52 percent.
The partnership aims to speed up the development of next-generation data center infrastructure to meet rising demand from hyperscalers, cloud services, AI applications, and India’s rapidly expanding digital economy.
“India’s AI moment is not on the horizon, it is already here,” said Sridhar Pinnapureddy, Founder & CEO, CtrlS Datacenters, adding, ”The demand signals from hyperscalers, cloud service providers, and enterprises are clear and unmistakable.”
“As one of the world’s fastest growing digital markets, India represents an important pillar of our global data center strategy,” said Max Biagosch, Senior Managing Director and Global Head of Real Assets, CPP Investments. “Demand for data center infrastructure in India continues to accelerate, driven by hyperscale expansion, strong domestic cloud growth and emerging AI-led demand.”
Since making its first direct investment in 2017, CPP Investments has actively invested in the global data center sector, building a diversified portfolio of data center assets and joint ventures across major international hubs, including Asia Pacific. CPP Investments made its first investment in India in 2009 and opened its Mumbai office in 2015. As of March 31, 2026, CPP Investments held over ₹ 1.85 trillion (~UD$ 19 billion) in net assets in India, making it one of the country’s largest international institutional investors.
CtrlS Datacenters Ltd., founded in 2007, operates 19 data centers across nine key markets in India with over 370 MW of capacity and 4.4 GW of projects at various stages of execution.