TCS taps $1bn from PE fund TPG to build AI data centres

BENGALURU: TCS has set its data centre plan in motion. It has secured $1 billion (Rs 8,820 crore) from private equity giant TPG to power its AI data centre strategy in India. The funding aligns with its goal of emerging as the largest AI-led technology services firm.

As part of this plan, TCS will work closely with hyperscalers and AI companies to design, deploy, and optimise AI infrastructure to enable robust delivery of AI services. HyperVault, the newly-created TCS entity focused on building gigawatt-scale AI data centres in India, will be funded through equity from TCS and TPG, along with debt. Together, both partners will commit up to Rs 18,000 crore over the next few years.