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VMPL
Mumbai (Maharashtra) [India], September 11: Avisirah Technologies Private Limited (Avisirah Technologies) has raised a 75 crore loan facility from Syndicate Finance to fund the development of its proposed data centre and high-performance computing infrastructure in Navi Mumbai. The latest financing follows the 50 crore secured loan extended by Syndicate Finance to Avisirah Technologies in May 2025, taking the aggregate financing extended by Syndicate Finance to the company to 125 crore. The 75 crore facility has been extended following Syndicate Finances due-diligence and credit appraisal process, including evaluation of the project, proposed deployment of funds and the information and documentation submitted by the company in connection with the financing. Avisirah Technologies also envisages a further funding programme of up to 125 crore during 202728, subject to project milestones, definitive documentation, credit approvals and customary conditions. If completed as contemplated, the overall financing relationship could consequently support funding of up to 250 crore across various phases of Avisirah Technologies data centre development programme. A greenfield, Uptime Tier III-equivalent colocation data centre in the Navi Mumbai belt, developed in two phases of 125 crore each. Phase I delivers approximately 2.5 MW of IT load; Phase II adds approximately 3.0 MW, bringing the facility to 5.5 MW of IT load / c. 1,100 racks at a 5 kW average design density, on a shared land parcel and a shared power and cooling backbone. Funds to be Deployed for Navi Mumbai Data Centre The latest 75 crore facility will primarily be utilised towards: - Acquisition of land in Navi Mumbai; - Development of the proposed data centre facility; - Civil, electrical, power, cooling and connectivity infrastructure; - Procurement and installation of computing and data centre equipment; and - Working capital requirements associated with development and operations. The proposed facility is being developed to provide high-performance, high-density computing capacity to meet the rapidly increasing requirements of Artificial Intelligence, cloud computing, and other data-intensive applications. AI is fundamentally changing computing infrastructure requirements Commenting on the financing, Mr. Suresh Gurav, Director, Avisirah Technologies Private Limited, said: Artificial intelligence is fundamentally changing the scale and nature of computing infrastructure required by businesses. India is witnessing significant growth in demand for AI, cloud and data-intensive computing capacity, and we believe Navi Mumbai is strategically positioned to participate in this next phase of digital infrastructure development. The 75 crore financing from Syndicate Finance is an important milestone in our development programme. It follows our earlier 50 crore financing relationship and will enable us to progress land acquisition, infrastructure development, equipment procurement and working capital requirements for the project. The company said that the latest transaction represents a continuation and expansion of its financing relationship with Syndicate Finance, which first extended a 50 crore secured facility to Avisirah Technologies in May 2025. Syndicate Finance Deepens Financing Relationship Data centre developments are capital-intensive projects requiring substantial upfront investment in land, electrical and power systems, cooling infrastructure, connectivity, computing equipment and associated infrastructure before commencement and scaling of operations. Against this backdrop, the latest 75 crore facility represents a significant expansion of the financing relationship between Avisirah Technologies and Syndicate Finance. The facility has been extended following Syndicate Finances due-diligence and credit appraisal process in relation to the proposed financing and project requirements. The latest transaction follows Syndicate Finances earlier 50 crore secured financing in May 2025, bringing the total financing extended to Avisirah Technologies to 125 crore. When approached for comment on the transaction, Syndicate Finance conveyed that it does not, as a matter of firm policy, discuss individual client facilities or lending relationships, and courteously declined to comment further. Avisirah Technologies said it values its continuing relationship with Syndicate Finance and the lenders role in supporting the companys digital infrastructure development plans. India Enters Major Data Centre Investment Cycle The financing comes at a time when India is witnessing substantial investment in data centres and AI infrastructure. Indias data centre capacity stood at approximately 1.6 GW in mid-2026 and is projected to reach around 6 GW by 2029, according to JLLs India Data Centre 2026 Mid-Year Report. The expansion is being driven substantially by AI-led demand and hyperscale investments. The report estimates that global hyperscalers have made more than US$50 billion of commitments to Indias data centre ecosystem, highlighting the scale of investment expected in computing infrastructure over the coming years. The acceleration in demand is increasingly linked to Artificial Intelligence workloads, as well as the continued growth of cloud computing, enterprise digitization, and Indias broader digital economy. The scale of the opportunity was highlighted this week by the Union Commerce and Industry Minister, who said Indias data centre industry could attract approximately US$200 billion in investment. Government discussions with the industry have focused on facilitating faster development through reliable power availability, data centre-ready land, regulatory reforms and streamlined approvals. Hyperscalers accounted for more than 80% of data centre absorption in the first half of 2026, underscoring growing demand for large-scale computing and AI infrastructure. Navi Mumbai Positioned at the Centre of Indias Data Infrastructure Expansion Mumbai and Navi Mumbai are among Indias most established data centre markets. The region benefits from its position as Indias principal financial and commercial centre, access to international connectivity, submarine cable infrastructure, power availability and proximity to a large concentration of enterprises, financial institutions and technology users. Navi Mumbai has consequently emerged as a strategically important location for large-scale data centre development. The proposed Avisirah Technologies facility is intended to participate in this expanding ecosystem by providing computing capacity for AI, cloud and other data-intensive applications. Maharashtras Data Centre Push The project also comes against the backdrop of the Maharashtra IT & ITeS Policy 2023, which specifically identifies data centres as a focus segment for investment. The States policy framework seeks to strengthen Maharashtras position as a leading data centre destination and provides for facilitation of data centre development through infrastructure and industry status, dedicated data centre parks and other fiscal and non-fiscal incentives, subject to applicable eligibility requirements. The policy also contemplates infrastructure support for dedicated data centre parks, including transmission and substation infrastructure, as well as measures to facilitate the development of large-scale data centre capacity. Avisirah Technologies intends to evaluate the incentives and facilitation measures available under applicable Central and Maharashtra Government policies for the Navi Mumbai project. Once developed and operational, Avisirah Technologies expects the facility to add high-performance computing capacity to Indias expanding digital infrastructure ecosystem and cater to increasing demand generated by AI and data-intensive applications. About Avisirah Technologies Private Limited Avisirah Technologies Private Limited is an Indian technology company focused on technology and digital infrastructure. The company is developing data centre facilities in Bangalore, Navi Mumbai, and Gurgaon to provide high-performance computing infrastructure for AI (Artificial Intelligence), cloud computing, and other data-intensive applications. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
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