CPP Investments Backs CtrlS with ₹7,000 Crore Infrastructure Deal

The agreement grants CPP Investments an 8.2% stake in CtrlS, valuing the company at ₹44,914 crore. Beyond the equity purchase, the partners are launching a joint venture to develop next-generation datacenter facilities. CPP Investments will hold a 48% share in this entity, while CtrlS retains majority control with 52% ownership, backed by a ₹3,000 crore capital injection.

Sridhar Pinnapureddy, CEO of CtrlS, noted that the capital arrives as India faces a critical inflection point in AI adoption and cloud service requirements. For CPP Investments, the move aligns with a broader strategy of expanding its real assets portfolio in high-growth markets. Max Biagosch, head of global real assets, cited the acceleration of India’s digital economy as a primary driver for the partnership, leveraging the firm’s decade-long experience in the region.

CtrlS currently manages 19 datacenters across India with a total capacity of 370 MW. With projects totaling 4.4 GW in the pipeline, the company is positioning itself as a primary supplier for hyperscalers. This collaboration provides the financial runway to maintain that momentum as the firm looks toward international expansion in Southeast Asia and the Middle East.