Anant Raj Limited has received upgraded credit ratings from Infomerics Valuation and Rating Limited (IVR) on its bank facilities totaling ₹351.00 crore. The company informed stock exchanges on January 14, 2026, about the positive rating revision that reflects improved creditworthiness and financial performance.

Rating Upgrade Details

Infomerics has upgraded both long-term and short-term credit ratings for Anant Raj's bank facilities. The rating committee reviewed the company's operational and financial performance for FY25 (Audited) before announcing the upgrades.

Facility Composition

The rated bank facilities comprise various instruments across multiple lenders. The long-term facilities of ₹272.00 crore include a term loan of ₹257.00 crore from State Bank of India maturing in July 2033, and a cash credit facility of ₹15.00 crore from the same lender.

Short-term facilities totaling ₹79.00 crore consist of:

• Dropline overdraft facility of ₹29.00 crore from ICICI Bank (maturing July 2026)
• Bank guarantee facility of ₹50.00 crore from State Bank of India

Rating Significance

The upgraded ratings indicate enhanced credit quality and reduced default risk. The IVR A- rating for long-term facilities signifies adequate degree of safety regarding timely servicing of financial obligations with low credit risk. The IVR A2+ rating for short-term facilities represents strong degree of safety for timely payment with low credit risk.

Regulatory Compliance

Anant Raj communicated the rating revision to both NSE and BSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The rating letter from Infomerics was enclosed with the stock exchange filing. The ratings are valid for one year from January 14, 2026, with formal surveillance typically conducted within 12 months.

Anant Raj Limited has successfully transformed its data centre investments into meaningful revenue streams, with the business generating ₹58.42 crore in H1 FY26. The company's strategic expansion into digital infrastructure is now delivering tangible financial results, marking a significant milestone in its diversification beyond traditional real estate operations.

Operational Capacity and Infrastructure

Anant Raj currently operates 28 megawatts of IT load capacity across three strategic locations. The company's data centre footprint spans multiple facilities designed to serve the growing digital infrastructure demand in North India.

The company has established partnerships with leading technology vendors to ensure international standards. Infrastructure components include Schneider Electric rack systems and UPS solutions, CommScope and Cisco IT design support, and Mitsubishi Electric HVAC systems.

Financial Performance and Revenue Contribution

The data centre business has demonstrated strong financial metrics in recent reporting periods. H1 FY26 results show significant revenue contribution from the digital infrastructure segment.

For Q2 FY26 specifically, the company reported revenue from data centre infrastructure and allied services of ₹35.47 crore, contributing to overall quarterly revenue of ₹630.79 crore.

Profitability and Capital Deployment

The data centre segment has emerged as a high-margin business vertical within Anant Raj's portfolio. Management indicated that the absolute EBITDA contribution from data centres for H1 stands at approximately 75.00%, while PAT contribution reached 43.23%.

Capital employed in the data centre business has reached ₹700 crore, following an addition of ₹187 crore in the latest half-year period. The company has maintained financial discipline by funding construction through surplus residential cash flows while simultaneously reducing overall debt levels.

Service Portfolio and Market Positioning

Anant Raj operates its data centre business through wholly-owned subsidiary Anant Raj Cloud Private Limited. The company offers an integrated service portfolio extending beyond traditional colocation:

• Colocation Services: Core rack and power rental forming the revenue backbone
• Cloud Services: Platform as a Service (PaaS) and Software as a Service (SaaS) through Orange Business partnership
• Sovereign Cloud: Ashok Cloud offering compute, storage, networking, and security services
• AI-enabled Solutions: Under development to move up the digital value chain

Approximately 25.00% of the planned 307 megawatts total IT load capacity is expected to be utilized for cloud services over time.

Expansion Roadmap and Future Targets

Anant Raj has outlined a structured capacity expansion plan aligned with market demand and leasing visibility. The company targets 63 megawatts operational capacity by December 2026.

Management expects rentals from the data centre business to exceed ₹50 crore in fiscal 2026 and cross ₹100 crore in the medium term as operational capacity scales and rent-free periods conclude.

Market Demand and Competitive Positioning

The company reports strong demand visibility from e-commerce players, enterprises, and sovereign cloud users. Management highlighted that demand is not a constraint, with the primary bottleneck being funding, which has been addressed following the recent QIP.

Anant Raj positions itself as cost-competitive, offering services at approximately 50.00% lower cost compared to broader market pricing while maintaining healthy margins. This pricing advantage, combined with integrated service offerings, is expected to strengthen customer retention and market position.