CtrlS Datacenters, founded by Sridhar Pinnapureddy in 2008, is preparing to raise $300 million through an initial public offering (IPO) as demand for digital infrastructure in India surges. The Hyderabad-based company has begun discussions with bankers to assess market conditions, aiming for a listing by the end of the financial year. The Indian data center industry is experiencing significant investment activity, highlighted by Bharti Airtel's recent $1 billion investment in its data center arm. CtrlS operates 17 data centers across major cities including Mumbai, Hyderabad, and Bengaluru, serving various sectors such as e-commerce and telecommunications. The company’s operational capacity is expected to grow from 130 MW, with annual increases of 40-45 MW, driven by rising capacity utilization. CtrlS's operating income rose 17% to ₹1,567 crore in FY25, with projections for 20-25% revenue growth in FY26 and FY27. The government’s supportive policies, including potential tax holidays for foreign cloud service providers, are expected to further stimulate investment in the sector.