Yotta Data Center Services IPO: Yotta Data Services is betting big on India’s AI and cloud future. With hyperscale data centres and a planned IPO, the company could become a critical player in India’s digital infrastructure.
India’s digital economy is undergoing a structural transformation driven by cloud adoption, artificial intelligence (AI), data localisation mandates, and the exponential growth of enterprise and consumer data. At the heart of this transformation lies an often-overlooked but mission-critical asset class: hyperscale data centres.
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Among India’s emerging data centre developers, Yotta Data Services stands out as one of the most ambitious, capital-intensive, and strategically positioned players. Backed by the Hiranandani Group and led by industry veteran Sunil Gupta, Yotta has built some of India’s largest and most advanced data centre campuses and is now preparing for a potential India IPO in FY26–FY27.
For investors, Yotta represents a rare pure-play opportunity to participate in India’s AI, cloud, and digital infrastructure boom—an asset class typically dominated by global private equity, sovereign wealth funds, and strategic investors. However, it also embodies the risks inherent to hyperscale infrastructure platforms: heavy capital expenditure, long gestation periods, leverage, and delayed profitability.
This report provides an in-depth, institutional-grade analysis of Yotta Data Services—its business model, operational footprint, expansion pipeline, competitive positioning, financial performance, industry tailwinds, IPO strategy, and investment risks—helping investors evaluate whether Yotta’s IPO is a compelling long-term opportunity or a valuation trap.
Yotta Data Center : Building India’s Digital Infrastructure Backbone
Founded in 2019, Yotta Data Services is the data centre and cloud infrastructure arm of Hiranandani Group’s Nidar Infrastructure platform. The company was established with a clear strategic objective: to build hyperscale, sovereign, AI-ready data centre infrastructure across India and selected regional markets.
Unlike legacy Indian colocation providers that evolved incrementally from enterprise hosting, Yotta adopted a hyperscale-first design philosophy from inception. Its campuses are engineered to support hundreds of megawatts of IT load, catering to hyperscalers, AI platforms, global cloud providers, government entities, and large enterprises.
Yotta Data Center Core Business Segments
Yotta operates across three tightly integrated verticals:
- Hyperscale & Colocation Infrastructure
Long-term leasing of data centre space and power to hyperscalers, cloud providers, and large enterprises. - AI Cloud & Sovereign Cloud Services
GPU-accelerated cloud infrastructure designed to support AI training, inference, and high-performance computing (HPC), with strict data sovereignty controls. - Managed Infrastructure & Enterprise Services
Value-added services including managed hosting, disaster recovery, and enterprise cloud workloads.
This integrated model enables Yotta to generate stable, long-duration infrastructure revenue while progressively building higher-margin AI and cloud services over time.
Yotta Data Center Operational Data Centre Footprint
Yotta’s current operational footprint spans western and northern India, with campuses strategically located in India’s most important digital and economic hubs.
Live Data Centres and Installed Capacity
| Data Center (Campus) | Location | IT Load (MW) | Expandable (MW) | Tier / Notes |
| Yotta NM1 | Navi Mumbai (Panvel) | 52 | ~1,000 | Tier IV, hyperscale campus |
| Yotta TB1 & TB2 | Navi Mumbai (Airoli) | 2 (1+1) | — | Tier III shelters |
| Yotta D1 | Greater Noida (Delhi NCR) | 28.8 | 50+ | Tier III+ hyperscale |
| Yotta G1 | GIFT City, Gujarat | 1 | Scalable | Financial services DC |
| Total Live Capacity | — | ~83–85 MW | — | — |
| Long-Term Potential Capacity | — | — | ~1.1–1.3 GW | Land bank driven |
Navi Mumbai (Panvel): India’s Largest Tier-IV Hyperscale Campus
Yotta’s Navi Mumbai campus (NM1) is its flagship asset and one of the largest Tier-IV data centres in Asia. Spread across approximately 70 acres, the site is designed as a multi-building hyperscale campus with potential capacity approaching 1 gigawatt over the long term.
Key highlights:
- Tier-IV certified architecture (99.995% uptime)
- IGBC Platinum sustainability rating
- High-density AI-ready rack configurations
- Dedicated power infrastructure and substations
- Carrier-neutral connectivity with multiple fiber routes
This campus anchors Yotta’s western India strategy and positions it as a serious alternative to global hyperscale platforms.
Greater Noida: Northern India’s Hyperscale Gateway
The Greater Noida (D1) campus provides low-latency access to India’s largest enterprise, government, and PSU concentration in Delhi NCR.
Strategic importance:
- Proximity to central government and public sector workloads
- High demand from BFSI, SaaS, and enterprise customers
- Scalable hyperscale design with future expansion headroom
GIFT City: Financial Data and Regulatory Hub
Yotta’s presence in GIFT City targets regulated financial institutions, stock exchanges, fintech firms, and global banks requiring ultra-low latency and data localisation.
The facility benefits from:
- Sub-millisecond latency
- Regulatory alignment for financial services
- Proximity to India’s international financial services ecosystem
Yotta Data Center Services Expansion Pipeline
Yotta’s ambition extends well beyond its current footprint. The company has outlined an aggressive expansion roadmap across India and neighbouring markets, aligned with future AI and cloud demand clusters.
Yotta Data Center Services IPO Planned Data Centre Projects
| Future Project | Region | Planned Capacity (MW) | Strategic Purpose |
| Pune Campus | Maharashtra | TBD | Western hyperscale demand |
| Powai Campus | Mumbai | TBD | Enterprise & cloud workloads |
| Chennai Campus | Tamil Nadu | TBD | South India hyperscale |
| Hyderabad AI DC | Telangana | 50 | AI cloud infrastructure |
| Kathmandu K1 | Nepal | ~50 | Regional hyperscale |
| Dhaka DC | Bangladesh | TBD | South Asia expansion |
Strategic Logic Behind Location Selection
Yotta’s site selection reflects three dominant demand corridors:
- Mumbai–Pune Corridor: Financial services, hyperscalers, global cloud on-ramps
- Delhi NCR: Government, PSU, enterprise and regulated workloads
- South India (Chennai/Hyderabad): Cloud hyperscalers, AI platforms, global connectivity
Regional projects in Nepal and Bangladesh allow Yotta to extend its sovereign cloud proposition into emerging South Asian markets.
4. Competitive Positioning: Why Customers Choose Yotta Data Center Services
India’s data centre market includes formidable competitors such as CtrlS, STT GDC India, Nxtra, and AdaniConneX. Yotta differentiates itself through scale, AI readiness, and sovereign positioning.
Key Competitive Advantages of Yotta Data Center Services
1. Hyperscale-First DNA
Yotta was designed from inception for hyperscale workloads, not retrofitted from enterprise colocation.
Investor implication:
Scale advantages compound over time and attract anchor hyperscale clients.
2. AI and GPU Infrastructure Leadership
AI workloads demand dramatically higher power density, cooling sophistication, and network latency performance.
Yotta’s infrastructure supports:
- High-density GPU clusters
- Advanced cooling systems
- AI training and inference workloads
- Sovereign AI cloud services
This positions Yotta at the centre of India’s emerging AI compute economy.
3. Sovereign Cloud and Data Localisation
India’s regulatory environment increasingly favours domestic data storage.
Yotta’s “India-first” architecture appeals strongly to:
- Government agencies
- BFSI institutions
- Critical infrastructure operators
4. Parentage and Land Bank Advantage
The Hiranandani Group’s real-estate expertise and land holdings materially reduce:
- Land acquisition risk
- Construction delays
- Cost overruns
5. Integrated Power Strategy
Power availability is the single largest constraint in data centre economics.
Yotta’s dedicated substations, redundancy, and power planning reduce operational risk and improve margins over time.
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Yotta Data Center Services Financial Performance
Yotta’s financials reflect a classic hyperscale infrastructure curve—rapid revenue growth coupled with heavy losses during the build-out phase.
Financial Snapshot (USD)
| Fiscal Year | Revenue (USD M) | Net Income (USD M) |
| FY2023 | 22.0 | –53.2 |
| FY2024 | 49.2 | –52.8 |
| FY2025E | 155.8 | –113.4 |
Key Financial Observations
Explosive Revenue Growth
Revenue more than doubled year-on-year and is projected to triple again, driven by AI workloads and capacity ramp-up.
Losses Driven by Capex and Depreciation
Losses are not operational weakness but a result of:
- Heavy depreciation
- Financing costs
- Front-loaded infrastructure investment
EBITDA Inflection Expected
EBITDA is projected to turn strongly positive as utilisation rises. Data centres typically achieve high margins beyond 65–70% occupancy.
Capital Intensity Is Both Risk and Moat
FY25 capex approaching $1 billion underscores both execution risk and high barriers to entry.
Data Center Industry Tailwinds: Why Timing Matters
India’s data centre market is among the fastest growing globally due to:
- AI compute demand
- Cloud migration
- Data localisation laws
- 5G and edge computing
- Digital public infrastructure
AI workloads alone require 5–10× the power density of traditional enterprise workloads—making hyperscale campuses indispensable.
Yotta’s Navi Mumbai data center (NM1 campus) – Tier-IV, 52 MW IT load (expandable to 1 GW)
Yotta Data Center Services IPO: Should I Invest
Yotta initially explored a US Nasdaq SPAC listing but pivoted to an India IPO to capitalise on:
- Strong domestic investor appetite
- Sovereign infrastructure narrative
- Better alignment with India growth story
IPO proceeds are expected to fund:
- New hyperscale campuses
- AI GPU infrastructure
- Power and cooling systems
- Balance sheet optimisation
Investment Thesis: Bull vs Bear Case
Bull Case
- Pure-play India AI infrastructure exposure
- Hyperscale capacity with multi-GW potential
- Structural industry growth
- High entry barriers
- Strong parent backing
Bear Case
- Continued losses and leverage
- Execution risk on large projects
- Intense competition
- Valuation sensitivity
Retail vs Institutional Perspective
Institutional Investors:
Well-suited due to long-term horizons and infrastructure mandates.
Retail Investors:
Should approach cautiously; suitable mainly for long-term, high-risk portfolios.
Long-Term Outlook: Can Yotta data center Become a Digital Utility?
If executed successfully, Yotta Data Center Services could emerge as:
- India’s leading hyperscale data centre platform
- A sovereign AI compute backbone
- A core digital utility comparable to power or telecom infrastructure
Yotta’s Greater Noida campus (D1) – Tier-III+, 28.8 MW IT load (to 50 MW)[9].
Outlook on Yotta Data Services IPO
A High-Risk, High-Conviction Digital Infrastructure Play
Yotta Data Services IPO is not a conventional IPO candidate, nor should it be evaluated through the lens of near-term earnings or traditional valuation multiples. It is best understood as a long-duration infrastructure platform being built at the intersection of three powerful structural forces: AI compute demand, data localisation, and hyperscale cloud adoption in India.
What differentiates Yotta from most domestic peers is not merely capacity, but intentional design for the AI era. Its hyperscale campuses, sovereign cloud positioning, and early investments in GPU-heavy infrastructure indicate that management is building for where demand will be—not where it has been. In an environment where AI workloads are rapidly reshaping power density, cooling requirements, and capital intensity, Yotta’s assets are structurally aligned with future demand rather than legacy enterprise colocation.
Ultimately, Yotta represents a high-conviction bet on India’s emergence as a major AI and cloud compute market. If India’s digital economy follows even a fraction of the trajectory seen in the US or China, hyperscale data centre platforms like Yotta will become indispensable infrastructure. The IPO, therefore, is less about buying a company at a point in time—and more about buying early exposure to India’s AI infrastructure backbone.
In that context, Yotta Data Services is best viewed as a high-risk, high-reward investment—one that may define the next decade of India’s digital infrastructure, but only for investors willing to think long-term, tolerate interim volatility, and underwrite execution risk with conviction.
yotta data services share price
yotta data services isd not a listed company in India now. The company is planning to come up with intial public offering and will soon be a part of NSE and BSE. Retailers can take advantage of this pure data center player to catch the future digital growth in India.