Tata Consultancy Services Forms $7 Billion AI Data Centre JV with TPG, Signals Strategic Shift

Overview

Tata Consultancy Services (TCS) is forming a multi-billion dollar joint venture with global private equity firm TPG to build large-scale AI and sovereign data centers across India. TCS will hold a 51% stake in the new entity, HyperVault AI Data Centre Ltd. The venture will invest approximately $2 billion in equity and raise $4.5-5 billion through debt, marking a significant shift from TCS's traditional capital-light strategy.