Hyderabad is set to become a major hub in TCS’s ambitious AI data centre venture, Hypervault, backed by $2 billion equity from TCS and TPG. The project, part of a $6.5 billion plan to build 1 GW capacity, positions Hyderabad alongside Navi Mumbai and Chennai. TPG’s partnership through its Rise Climate initiative underscores the focus on sustainable, large-scale infrastructure.

Mumbai: The country’s largest TCS on Thursday announced a tie-up with private equity major TPG for its upcoming data centre business, in which both the partners aim to pump in equity of around Rs 18,000 crore.

TPG will be the only equity partner in the venture, and invest USD 1 billion or around Rs 8,820 crore in the AI data centre business christened as ‘Hypervault’. It will hold a stake between 27.5-49 p

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