Hold on to your hats, tech lovers! India’s biggest software giant, Tata Consultancy Services (TCS), just announced a thrilling new adventure. Partnering with private equity big gun TPG Terabyte Bidco Pte. Ltd., TCS is setting up a massive Rs 18,000 crore joint venture called HyperVault AI Data Centre Ltd. This baby will build multiple AI and sovereign data centers across India! The deal split is spicy too. TCS will hold 51% while TPG will invest up to Rs 8,820 crore, getting between 27.5% to 49% ownership in HyperVault. This isn’t their first rodeo together; TPG has worked with the Tata Group before on Tata Motors EV and Tata Technologies. But for TCS, this is the first time they welcome external equity and debt from a PE firm. What’s the game plan? HyperVault’s mission is clear – develop, own, and manage top-of-the-line data centers ready for all kinds of workloads, especially AI. With India’s data center capacity at about 1.5 GW today and expected to zoom past 10 GW by 2030, this is timely. Industry insiders say nearly $94 billion has poured into India’s data center market since 2019 – talk about a gold rush! N. Chandrasekaran, TCS Chairman, was bubbling with excitement: “I am delighted to have TPG join us in our journey to build large GW-scale AI data centers in India, tapping the rapidly growing AI demand. It will further strengthen our partnership with hyperscalers and AI companies.” He added passionately, “With this capability, TCS is uniquely positioned to deliver complete AI solutions for its customers and partners. We are excited and committed to play a leading role in creating world-class AI infrastructure and solutions for the industry and work towards making TCS the largest AI-led technology services company.” The JV will focus on building super-efficient, liquid-cooled data centers boasting high rack densities, energy savings, and great network connectivity across important cloud regions. Basically, it’s all about crafting the perfect AI home for India’s exploding tech dreams! Fasten your seatbelts as TCS and TPG supercharge India’s AI infrastructure journey with HyperVault, promising a future where AI tech from India shines brighter and bigger than ever before!