en.Wedoany.com Reported - The Canada Pension Plan Investment Board (CPP Investments) announced a strategic partnership with Indian data center company CtrlS, committing to invest up to 70 billion Indian rupees ($740.8 million) to expand the operator's business footprint.

As part of the collaboration, CPP Investments will invest 40 billion Indian rupees ($423.3 million) to acquire an 8.2% stake in CtrlS. The two parties will also establish a joint venture (JV) to develop hyperscale data center campuses across India. CPP Investments has committed to investing up to 30 billion Indian rupees ($317.5 million) in the JV, holding a 48% equity stake, with CtrlS holding the remaining 52%.

Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments, stated that this investment builds on CPP's over a decade of investment experience in India and the strength of its local platform, continuing to focus on long-term investments with high-quality partners. Founded in 2007, CtrlS already operates or has data center facilities under development in Mumbai, Chennai, Bengaluru, Noida, Hyderabad, and Kolkata, with edge nodes in Lucknow, Bhopal, Ahmedabad, and Patna. According to its website, the company has 19 operational facilities across nine markets, with a total capacity of 370MW, targeting 2GW capacity by 2030.

Sridhar Pinnapureddy, Founder and CEO of CtrlS, added that demand signals from hyperscale cloud service providers, cloud providers, and enterprises have been clear. The company has focused on reliability, sustainability, and long-term growth for years. The partnership with CPP is not just about expanding capacity but setting a benchmark for AI-ready infrastructure. CPP Investments made its first direct data center investment in 2017 and currently holds data center joint ventures and portfolios in Australia, Hong Kong, Japan, Malaysia, Singapore, the United States, South Korea, and Canada, with total fund assets of 793.3 billion Canadian dollars ($565.4 billion).

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