India’s fast-growing data centre ecosystem continues to attract significant capital, with Yotta Data Services securing ₹1,357 crore in debt funding from State Bank of India, according to documents accessed by CRE Matrix. The funding will support Yotta’s expanding hyperscale data centre infrastructure.
Deal Structure and Financing Details
The total loan facility includes a ₹1,300 crore long-term loan along with a ₹57 crore non-fund-based facility. In addition, Yotta Data Services has issued 80,000 non-convertible debentures (NCDs) worth ₹800 crore to State Bank of India. This offers a return of 8.85% over a 12-year tenure. To secure this financing, the company has hypothecated its data centre assets in Navi Mumbai and pledged select receivables from its Powai facility.
Asset-Backed Strategy Signals Strong Confidence
This structured, asset-backed financing reflects growing lender confidence in India’s data centre sector. By leveraging operational assets and receivables, Yotta has unlocked capital to fund expansion while maintaining long-term financial flexibility.
Such financing models are increasingly common in capital-intensive digital infrastructure sectors, where predictable cash flows from enterprise clients strengthen creditworthiness.
Yotta’s Expanding Data Centre Footprint
Led by Darshan Hiranandani, Yotta continues to scale its presence across key markets:
- Panvel, Navi Mumbai: Home to Yotta NM1, part of a 600MW hyperscale campus
- Greater Noida: A 180MW campus, one of North India’s largest data hubs
- GIFT City, Gandhinagar: Recently launched Yotta G1 facility
Additional operational facilities across Navi Mumbai and Greater Noida
The company is also gearing up to launch:
- Yntraa – an open-source hyperscale cloud platform
- Shakti Cloud – India’s fastest AI-HPC supercomputer
What’s Driving Data Centre Growth in India?
India’s data centre market is witnessing rapid expansion, driven by multiple structural factors:
1. Explosive Data Consumption
The rollout of 5G and the rising adoption of OTT platforms, gaming, and digital commerce are significantly increasing data usage.
2. Data Localisation Push
Government regulations mandating local data storage are encouraging global firms to invest in Indian infrastructure.
3. Policy Support
Upcoming data centre policies aim to streamline approvals, improve access to infrastructure, and attract global investment.
4. Strategic Locations Emerging
Cities like Mumbai and Chennai are evolving into major data centre hubs due to connectivity, power availability, and proximity to subsea cables.
Yotta Data Services’ latest debt raise highlights the growing intersection of real estate, infrastructure, and technology. With robust backing from SBI and a rapidly expanding footprint, the company is well-positioned to capitalize on India’s data boom.
For stakeholders across real estate, technology, and finance, this deal reinforces a clear message: data centres are now foundational to the future of digital India.
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Media Mentions
- The Economic Times: Yotta Data Services raises Rs 1,357 cr in debt from State Bank of India.
