Zerodha co-founder Nikhil Kamath and entrepreneur Sreeram Reddy Vanga have invested a combined ₹250 crore in Indian data centre company CtrlS Datacenters.
Kamath has invested ₹200 crore, while Vanga has contributed ₹50 crore. The investment will support CtrlS’s infrastructure expansion and capacity growth as demand from enterprises and hyperscale cloud providers continues to rise.
CtrlS founder and CEO Sridhar Pinnapureddy said the fresh capital would help the company accelerate its expansion and build infrastructure to support India’s growing digital economy.
Kamath said the increasing adoption of technologies such as artificial intelligence, cloud computing and digital public infrastructure is driving greater demand for data centres. He noted that India’s digital growth will depend heavily on whether its underlying infrastructure can keep pace with this rising demand.
The investment follows a major commitment from the Canada Pension Plan Investment Board, which agreed to invest up to ₹7,000 crore in CtrlS two months earlier. The deal included ₹4,000 crore for an 8.2% stake in the company at a pre-money valuation of ₹44,824 crore, while another ₹3,000 crore was committed to a joint venture focused on developing hyperscale data centre campuses across India.
CtrlS currently operates 19 data centres across nine Indian markets, with more than 370 MW of capacity. The company also has around 4.4 GW of projects at different stages of development and is expanding its AI-ready infrastructure to support high-density computing requirements.
The company has also raised significant debt to fund its expansion. In July, CtrlS secured ₹5,500 crore from State Bank of India and Central Bank of India for a planned 3.5 GW data centre campus in Hyderabad. SBI sanctioned ₹4,000 crore, while Central Bank of India committed ₹1,500 crore.
According to ICRA, CtrlS’s operating income increased around 17% to ₹1,562 crore in FY2025 from ₹1,339 crore in FY2024. The ratings agency expects the company’s revenue to grow by 20–25% annually during FY2026 and FY2027, supported by contracted capacity.
Founded by Sridhar Pinnapureddy in 2007, CtrlS has built a large presence across hyperscale, colocation and edge data centres in India. The latest investment from Kamath and Vanga adds further capital as the company expands its infrastructure to meet growing demand from AI, cloud computing and other digital technologies.
