Tata Consultancy Services Limited (TCS) and its subsidiary, HyperVault AI Data Center Limited (HyperVault), on their groundbreaking INR 18,000 crore AI data center initiative.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Nov 21, 2025

Tata Consultancy Services Limited (TCS) and its subsidiary, HyperVault AI Data Center Limited (HyperVault), on their groundbreaking INR 18,000 crore AI data center initiative.

We had the privilege of advising Tata Consultancy Services Limited (TCS) and its subsidiary, HyperVault AI Data Center Limited (HyperVault), on their groundbreaking INR 18,000 crore AI data center initiative. This includes an approximately INR 9,000 crore investment from TPG into HyperVault. This represents a pivotal moment for TCS, which has traditionally embraced a capital-efficient, organic growth model. 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.

This is an incredibly proud moment for the Firm. With this transaction, AZB has now played a key role in supporting TCS through nearly all of its significant M&A activities over the past two decades.

Our deal team comprises our Senior Partners Nandish Vyas and Nilanjana Singh, Partner Devika Nayak, Senior Associates Shreshth Bhartia and Shivani Shenoy, Associates Meghna Somani, Anika Kumar and Sahil Agarwal, with support on competition law aspects from our Senior Partner Bharat V Budholia and Senior Associate Vayshnavi Ganesh.

AUTHORS & CONTRIBUTORS

Partner:

Nandish Vyas

Nilanjana Singh

Devika Nayak

Bharat Budholia
Associates:

Shreshth Bhartia

Shivani L Shenoy

Meghna Somani

Anika Kumar

Sahil Agarwal

Vayshnavi Ganesh

DISCLAIMER

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