TCS secures ₹9,000 crore investment from TPG for HyperVault with AZB, Cyril Amarchand and Latham advising

AZB & Partners advised Tata Consultancy Services and its subsidiary HyperVault AI Data Center Limited, Cyril Amarchand Mangaldas advised investor TPG, and Latham & Watkins acted as international legal counsel to TPG. The transaction involved TCS securing approximately ₹9,000 crore of investment from TPG into its subsidiary HyperVault AI Data Center Limited. TCS will also invest roughly ₹9,000 crore itself to establish HyperVault, creating an ₹18,000 crore AI data centre initiative. The project plans include development of up to 1.2 GW of capacity — stated to be equivalent to the combined capacity of all existing data centres in India — positioning TCS to expand its role in the global AI infrastructure landscape. AZB & Partners represented clients Tata Consultancy Services and HyperVault AI Data Center Limited with a team composed by: Nandish Vyas (Senior Partner), Nilanjana Singh (Senior Partner), Devika Nayak (Partner), Shreshth Bhartia (Senior Associate), Shivani Shenoy (Senior Associate), Meghna Somani (Associate), Anika Kumar (Associate) and Sahil Agarwal (Associate). Bharat V Budholia (Senior Partner) and Vayshnavi Ganesh (Senior Associate) provided support on competition law aspects. Cyril Amarchand Mangaldas represented investor TPG with a team composed by: Iqbal Khan (Partner), Ashid Basheer (Partner), Pranav Tolani (Principal Associate), Pranav Bajaj (Associate), Shreya Mukherjee (Associate), Gunjan Singh (Associate), Raviraj Zinzuvadia (Associate) and Ishaan Kulshrestha (Associate). 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 and L Viswanathan (Senior Partner) provided inputs on the transaction structure. Latham & Watkins represented investor TPG as international legal counsel with a team composed by: Sharon Lau (Partner) and Richard Watkins (Partner).

TCS secures ₹9,000 crore investment from TPG for HyperVault with AZB, Cyril Amarchand and Latham advising

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