Tata Consultancy Services Limited has secured approximately ₹9,000 crore investment from TPG for its subsidiary HyperVault AI Data Center Limited. 

AZB & Partners advised TCS and HyperVault on this transaction.

The transaction team consisted of Nandish Vyas (Senior Partner), Nilanjana Singh (Senior Partner), Devika Nayak (Partner), Shreshth Bhartia (Senior Associate), Shivani Shenoy (Senior Associate), Associates Meghna Somani, Anika Kumar and Sahil Agarwal.

Bharat V Budholia (Senior Partner) and Vayshnavi Ganesh (Senior Associate) provided support on competition law aspects.

Cyril Amarchand Mangaldas advised the investor TPG on this transaction.

The transaction team was led by Iqbal Khan (Partner), Ashid Basheer (Partner) along with Pranav Tolani (Principal Associate), Associates Pranav Bajaj, Shreya Mukherjee, Gunjan Singh, Raviraj Zinzuvadia and Ishaan Kulshrestha.

Avaantika Kakkar (Partner, Head - Competition) and Rajat Sharma (Senior Associate) advised on Competition law aspects.

Sairam Subramanian (Partner) and Saloni S (Principal Associate Designate) advised on disputes aspects.

Cyril Shroff (Managing Partner) provided strategic inputs while L Viswanathan (Senior Partner) provided inputs on the structure.

Latham & Watkins served as international legal counsel for TPG on this transaction led by Partners Sharon Lau and Richard Watkins.

TCS will also be investing approximately ₹9000 crore to establish HyperVault, a ₹18,000 crore AI data center initiative. With plans to develop up to 1.2 GW of capacity - equivalent to the total combined capacity of all of India’s existing data centers - TCS is positioning itself at the forefront of the global AI landscape.

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