TCS Ropes In TPG As Investor To Build INR 18K Cr AI Data Centres

Tata Consultancy Services (TCS) has brought in global investment firm TPG as a major investor in HyperVault – the IT giant’s newly formed AI data centre subsidiary

TCS and TPG Terabyte Bidco plan to invest up to INR 18,000 Cr (about $2 Bn) in a mix of equity and debt over the next few years to build the data centres

TCS will retain a 51% stake in HyperVault, while TPG is expected to eventually own between 27.5% and 49% depending on the investment tranches

As part of…