Investor and Zerodha co-founder Nikhil Kamath has invested ₹200 crore in CtrlS, one of India’s largest hyperscale data centre operators. Entrepreneur Sreeram Reddy Vanga has also invested ₹50 crore in the company as CtrlS looks to expand its digital infrastructure footprint across India.
The fresh capital will support CtrlS’s infrastructure expansion and capacity build-out amid rising demand from enterprises and hyperscalers. The company expects demand to remain strong as artificial intelligence (AI), cloud computing, and other digital workloads continue to grow.
Founded by Sridhar Pinnapureddy, CtrlS has built a significant presence in India’s data centre sector through its hyperscale facilities. The company currently operates 19 data centres across nine key markets in India, with more than 370 MW of capacity and 4.4 GW of projects at various stages of execution.
“We are delighted to welcome Nikhil Kamath and Sreeram Reddy Vanga as investors in CtrlS. Over the years, we have built CtrlS with a long-term vision of where India’s digital economy is headed and the digital infrastructure it will require. What excites me about this partnership is the alignment in that long-term vision. It gives us the ability to think bigger, move faster, and continue building datacenter platforms that will support India’s next phase of growth,” said Sridhar Pinnapureddy, founder and chief executive officer, CtrlS Datacenters.
CtrlS serves enterprises, cloud providers, financial institutions, and government organisations. It focuses on maintaining high uptime standards, strengthening security, enhancing operational capabilities, and promoting sustainability.
“Every meaningful technology shift of the next decade, AI, cloud, and digital public infrastructure, runs on data centres. India is at an inflection point where the underlying infrastructure either keeps pace or becomes the bottleneck. CtrlS has spent years building the kind of depth that does not get assembled overnight. That is what made this an easy decision,” said Nikhil Kamath, investor and entrepreneur.
The latest investment follows a major fundraise by CtrlS earlier this year. In June this year, CtrlS had raised ₹7,000 crore from Canada Pension Plan Investment Board (CPP Investments) at a valuation of $4.7 billion.
“India’s AI and cloud ambitions will require world-class digital infrastructure at scale. I am excited to be part of CtrlS’s next phase of growth and the broader digital infrastructure opportunity.
The investments from Kamath and Vanga come as data centre capacity becomes increasingly important to India’s growing digital economy. CtrlS plans to use the additional capital to expand its infrastructure and prepare for increasing requirements from enterprises and hyperscalers.
