Latest news with #SridharPinnapureddy
Time of India
3 days ago
- Business
- Time of India
CtrlS Datacenters to power BSE's critical digital infrastructure
CtrlS Datacenters to power BSE's critical digital infrastructure HYDERABAD: CtrlS Datacenters Ltd has entered a strategic partnership with the Bombay Stock Exchange (BSE) to power critical data centre infrastructure for the premier financial institution that caters to over 11 crore investors and processes over 700 crore daily transactions. With trading transitioning to electronic platforms, reliable digital infrastructure has become essential for maintaining market integrity, ensuring transaction security, and providing seamless access to financial services. The strategic collaboration underscores the critical role data centres play in modern financial markets, CtrlS said. Stressing on the need for world-class technology that is capable of supporting critical transactions, BSE CEO and managing director Sundararaman Ramamurthy said data centre infrastructure is crucial for stock exchanges. 'The shift to electronic trading has been a significant factor in the stock exchanges' use of data centres.' CtrlS Datacenters founder & CEO Sridhar Pinnapureddy said: 'The scale and criticality of BSE's operations represent not just a technological challenge, but a responsibility to India's economic sovereignty and growth.' 'Every transaction processed through our infrastructure impacts investors, businesses, and ultimately, the nation's financial health. We have engineered our solutions to deliver uncompromising reliability, microsecond-level performance, and ironclad security that BSE's operations demand,' he added. Set up in 1875, BSE is Asia's first and largest stock exchange. It is ranked the sixth largest globally by market capitalisation of around Rs 400 lakh crores (US$4.6 trillion approx) across over 5,500 listed companies. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
29-04-2025
- Business
- Time of India
CtrlS to invest Rs 500 crore in greenfield data centre in Bhopal
CtrlS to invest Rs 500 crore in greenfield data centre in Bhopal HYDERABAD: Rated-4 data centre operator CtrlS Datacenters Ltd is setting up a greenfield 12mw data centre at Bhopal at an investment of Rs 500 crore. The data centre is slated to come up over a five-acre parcel of land allotted by the Madhya Pradesh government at the Badwai IT Park in Bhopal. The project is expected to generate around 200 jobs in a phased manner. The AI-ready data centre will be equipped with advanced cooling and security systems. At full capacity, the data centre is projected to generate an annual state goods and services tax (SGST) of Rs 7.5 crore and a central GST (CGST) of Rs 7.5 crore. The strategic investment will boost the region's digital ecosystem by supporting high‑performance cloud computing, AI, and data processing applications, Hyderabad-based CtrlS said on Monday. The groundbreaking for the project was conducted virtually by MP chief minister Dr Mohan Yadav on April 27, 2025, at Indore during the Tech Growth Conclave 2025 . CtrlS chairman & managing director Sridhar Pinnapureddy said the company chose MP due to its strategic location in central India. The company said the project strategically aligns with MP's ambitious policy framework, including the IT, ITeS & ESDM Investment Promotion Policy 2023 that offers up to a 25% capital expenditure subsidy and the Global Capability Centers Policy 2025 that is targeting over 50 global tech centers as part of the state's efforts to achieve a $2 trillion economy by 2047 by positioning itself as a destination for hi-tech investments backed by world-class digital infrastructure. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
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Business Standard
28-04-2025
- Business
- Business Standard
CtrlS Datacenters to invest Rs 500 cr in setting up data centre in Bhopal
CtrlS Datacenters announced that it will be investing Rs 500 crore in setting up a data centre in Badwai IT Park, Madhya Pradesh. The upcoming facility will be built on a 5-acre land parcel and will generate about 200 jobs over its phased development. The company announced this milestone in a groundbreaking ceremony of its greenfield data centre. The ceremonial event took place during the Tech Growth Conclave 2025 on April 27 in Indore. This strategic investment will boost the region's digital ecosystem by supporting high performance cloud computing, AI, and data processing applications. The data centre's establishment strategically aligns with Madhya Pradesh's ambitious policy framework, including the IT, ITeS and ESDM Investment Promotion Policy 2023, offering up to a 25 per cent capital expenditure subsidy, and the Global Capability Centres Policy 2025, targeting 50+ global tech centres. These initiatives align with the State's vision of achieving a $2 trillion economy by 2047 and position it as a leading destination for high-tech investments backed by world-class digital infrastructure. Sridhar Pinnapureddy, chairman and managing director of CtrlS Datacenters, said, 'Our significant investment in this facility is a testament to our commitment to driving India's digital future transformation. Our upcoming data centre is designed not only for today's needs but also as a foundation for future technologies that will drive enterprise innovation and elevate the State's digital capabilities.' The AI-ready data centre will feature state-of-the-art infrastructure, including advanced cooling and security systems. At full capacity, the data centre is projected to generate an annual State Goods and Services Tax (SGST) of Rs 7.5 crore and a Central Goods and Services Tax (CGST) of Rs 7.5 crore. The facility's capabilities will ensure 24/7 operational reliability and high uptime, establishing the facility as a critical node within the region's digital ecosystem. CtrlS Datacenters has a nationwide presence with 250 MW (IT load) of combined data centre capacity across key Tier-I markets, including Mumbai, Chennai, Bangalore, Hyderabad, Noida, and Kolkata. CtrlS Datacenters also operates Edge data centre facilities in Tier-II markets such as Patna and Lucknow, with further expansions planned in these markets along with GIFT City (Ahmedabad), Bhubaneswar, and Guwahati.
