The joint venture currently runs 34 facilities across 10 locations with 613 MW of capacity, drawing interest from global operators, private equity funds, and Indian conglomerates. Tata Communications, which retained a 26% stake after selling control in 2016, is now shifting focus to build data centres independently with TCS and TPG. Monetizing the Indian company will also help the majority owner finance major pipeline projects across Europe, South Korea, Indonesia, and Singapore. Financial filings reveal the business saw operational revenue increase 17.8% to Rs 2,747.5 crore in FY26, despite net profit falling 22.9% to Rs 126 crore.
Key points
Advisors are seeking a valuation of at least $5 billion while running the transaction alo…: Advisors are seeking a valuation of at least $5 billion while running the transaction alongside a potential initial public offering.
Capital raised from this transaction will finance STT's broader international expansion a…: Capital raised from this transaction will finance STT's broader international expansion across Europe and key Asian markets.
Tata Group is separating its data centre path from the joint venture to pursue standalone…: Tata Group is separating its data centre path from the joint venture to pursue standalone ventures with TPG and TCS.
Sources checked by our analysis pipeline: 1
STT GDC, currently has 34 data centres spread across 10 centres in the country with a total capacity of 613 MW.
Also read: Tata Communications to invest $450 million in 10,000 km AI fibre network
The potential multi-billion transaction is part of a dual track initiative to find ways to rebalance capital requirements as well as help Tatas streamline their data centre (DC) plans. The sale process for which advisors have been brought on board will tap global players either present or planning an Indian entry, deep pocket Indian conglomerates who have announced mega investments in the space and financial sponsors like infrastructure focussed funds and buyout private equity investors. The shareholders had in parallel kickstarted evaluating an Indian IPO for the business at a $6-$7 billion around July and had appointed advisors to help them in the process.
Pricey Assets, Premium for Scale
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