India, Nov. 21 -- Tata Consultancy Services (TCS) has secured a Rs 8,820 crore (USD 1 billion) investment from global private equity firm TPG to accelerate the growth of its AI data centre business, HyperVault. The capital infusion will support TCS' ambition to develop data centres with more than 1 gigawatt (GW) of capacity over the next few years, placing it among the top contenders in the race to build AI-ready infrastructure in India.

The announcement marks a significant move by TCS to cement its leadership in AI-led technology services. The total funding commitment of up to Rs 18,000 crore will be raised through a mix of equity and debt, with TPG taking an anticipated shareholding of 27.5% to 49% in the new venture.

"I am delighted ...