CPP Investments Backs CtrlS with ₹7,000 Crore Datacenter Expansion

The capital infusion is split into two primary segments: a ₹4,000 crore investment for the 8.2% stake and a ₹3,000 crore commitment toward a new joint venture. In this partnership, CtrlS will retain a 52% majority share, while CPP Investments takes a 48% stake to co-develop next-generation facilities designed to house massive cloud and AI workloads.

Sridhar Pinnapureddy, Founder and CEO of CtrlS, characterized the move as a validation of India’s shifting digital landscape, noting that the demand from hyperscalers and cloud providers has reached an inflection point. For CPP Investments, the deal serves as a strategic expansion of its global real assets portfolio. Max Biagosch, Senior Managing Director at the investment firm, highlighted that the partnership leverages India's status as one of the world's fastest-growing digital markets to deliver long-term value for pension beneficiaries.

CtrlS currently operates 19 datacenters across India with a capacity of 370 MW and a massive 4.4 GW pipeline under development. With this backing, the company plans to solidify its market position before expanding further into the Middle East and Southeast Asia, starting with Thailand.