Canada Pension Plan Investment Board (CPP Investments) will invest up to ₹7,000 crore (C$1 billion) in Hyderabad’s CtrlS Datacenters, including ₹4,000 crore (C$588 million) towards acquiring a 8.2% stake in the Hyderabad-based company.

In addition to acquiring the stake, which the company said signals confidence in its market leadership, operational excellence and long-term growth plans, CPP Investments will form a joint venture with CtrlS to develop hyperscale data centre campuses across India. CPP Investments has committed up to ₹3,000 crore (C$441 million) to the joint venture and will hold 48% equity ownership, with CtrlS owning the remaining 52%, the data centre company said on Wednesday (June 17, 2026).

Describing it as a strategic partnership with CPP Investments that will help fund the company’s growth in India’s fast-growing digital infrastructure sector, CtrlS said their partnership aims to speed up the development of next-generation data centre infrastructure to meet rising demand.

“The demand signals from hyperscalers, cloud service providers and enterprises are clear and unmistakable. With CPP Investments we are not merely expanding capacity but also establishing the benchmark for AI-ready infrastructure in one of the world’s most significant digital markets,” CtrlS Datacenters founder and CEO Sridhar Pinnapureddy said.

Senior MD and global head of Real Assets at CPP Investments Max Biagosch said as one of the world’s fastest growing digital markets, India represents an important pillar of CPP’s global data centre strategy. This investment builds on more than a decade of investing in India and the strength of our local platform.”

CPP Investments holds over ₹1,850 billion in net assets in India

Since making its first direct investment in 2017, CPP Investments has invested in the global data centre sector, building a diversified portfolio of data centre assets and joint ventures across major international hubs, including Asia Pacific. It made its first investment in India in 2009 and opened its Mumbai office in 2015. As of March 31, 2026, CPP Investments held over ₹1,850 billion (C$27 billion) in net assets in India, making it one of the country’s largest international institutional investors.

Founded in 2007, CtrlS Datacenters operates 19 data centres across nine key markets in India with over 370 MW of capacity and 4.4 GW of projects at various stages of execution.