Princeton Digital Group (PDG), a prominent data center provider with presence across APAC, has announced the successful raise of over US$ 1.2 billion in financing to support its continued expansion and development of AI-ready data center infrastructure across Asia. This includes US$ 800 million in project financing for the development and expansion of PDG’s AI-ready data center campuses in Mumbai, as well as two other geographies.
At present, PDG has one facility – MU1 – located on 50-acre plot that is an IT/ITES campus at Airoli, Navi Mumbai. The data center is Uptime Tier III certified data center with a flexible design approach to accommodate high rack density requirements and hybrid cooling needs. PDG has also planned CH1, carrier-neutral facility with a flexible design tailored to support both hyperscale and AI infrastructure deployments in Chennai.
In a press release, PDG said that its data center campuses in Mumbai, Langfang (China), and Tokyo (Japan) are strategically located to serve the growing demand for AI and cloud services in Asia, and that they are equipped to handle high-density workloads while maintaining energy efficiency. The funding also comprises USD 400 million Holdco loan secured from a consortium of global banks, including Barclays, BNP Paribas, and Deutsche Bank.
“This financing milestone reflects the confidence capital providers have in PDG’s vision and execution capabilities,” said Rangu Salgame, Chairman, CEO, and Co-founder of PDG. “Our ability to secure project and Holdco financing is underpinned by our strong balance sheet, diversified portfolio, and commitment to meeting the evolving needs of our customers in the AI era.”
Readers would recall that in September 2024, PDG had unveiled major growth plans for India, looking to expand capacity to a total of 230MW in the country, driving an investment program of nearly US$ 1 billion. This is part of its 500MW expansion strategy across Asia with a US$ 5 billion investment into Artificial Intelligence (AI) ready data centers, increasing its capacity and presence in India, Indonesia and Malaysia.
Headquartered in Singapore, PDG has over 20 data centers in six countries including Japan, India, Indonesia, China, and Malaysia.
