CtrlS Datacenters has inaugurated a ₹400-crore facility in Patna and signed an agreement for a ₹10,000-crore AI factory in Bodh Gaya. The company aims to expand its national capacity significantly by 2030. As an unlisted entity, it is relying on large capital injections to fund this aggressive growth, though the project involves high capital spending and execution risks.
CtrlS Datacenters has launched a major expansion drive in Bihar, aiming to tap into the rising demand for digital infrastructure in eastern India. The company recently inaugurated a ₹400-crore data centre in Patna’s Patliputra Industrial Area. This new site, which supports a 12 MW IT load, is designed to serve the cloud computing and artificial intelligence requirements of local businesses and government entities.
Beyond this immediate opening, the company has also signed a letter of intent with the Bihar government to develop a large-scale artificial intelligence factory in Bodh Gaya. This ambitious project is expected to involve an investment of ₹10,000 crore and is planned to provide 150 MW of capacity. The company views this as a strategic move to position Bihar as a key node for high-performance computing.
CtrlS, which is an unlisted company, has been aggressively scaling its infrastructure to meet a target of 4.4 GW of capacity by 2030. This growth path is heavily capital-intensive. To support these plans, the company has secured significant financial backing, including a ₹7,000 crore commitment from the Canada Pension Plan Investment Board (CPP Investments) earlier in 2026. Additionally, the firm raised ₹250 crore from individual tech entrepreneurs Nikhil Kamath and Sreeram Reddy Vanga in August 2026.
For those interested in the company’s business model, it is important to understand the risks associated with this rapid expansion. Data centre projects require immense upfront spending, often described as capital-intensive, which can put pressure on debt levels. Credit rating agencies have noted that the company’s debt-to-profit ratios may remain elevated in the short term due to this heavy spending cycle. Furthermore, these greenfield projects carry significant execution risks, meaning delays in construction or infrastructure development could impact project timelines.
Another point for stakeholders to consider is customer concentration. Like many firms in this sector, a significant portion of CtrlS’s revenue comes from a select group of large hyperscalers and enterprises. While these long-term contracts provide steady income, they also mean the company’s revenue stability is tied to the continued growth and health of these few large clients.
As the data centre sector in India continues to grow due to increasing AI adoption and cloud usage, competition is also heating up. The company’s ability to successfully execute its 150 MW project in Bodh Gaya and manage its debt profile will be the most important factors for the business in the coming years. Investors and industry observers will likely track the company's progress on project commissioning timelines and its ability to maintain healthy operating margins amidst this massive infrastructure build-out.