Tata Consultancy Services (TCS) has partnered with private equity firm TPG to invest USD two billion in building gigawatt-scale AI data centres in India under the joint venture named HyperVault. 

TCS, which has secured USD one billion in equity investment from TPG, aims to become the world’s largest AI-led IT services company, with this strategic move aligning with their vision to strengthen partnerships with hyperscalers and AI companies. TCS will hold a 51 percent majority stake, while TPG will invest up to Rs 8,820 crore for a 27.5-49 percent stake. The deal is expected to enhance TCS’s AI infrastructure, enabling the firm to deliver complete AI solutions for global customers.

“With this capability, TCS is now uniquely positioned to deliver complete AI solutions for its customers and partners,” said TCS Chairman N. Chandrasekaran. The AI data centre will be developed in phases, with a one GW target over the next five to seven years.