Tata Consultancy Services is actively pursuing partnerships with major technology companies, including Amazon Web Services and OpenAI, as anchor customers for its first data centre facility in Navi Mumbai. The discussions represent a strategic move by the IT services giant to establish itself in the rapidly growing data centre market through its HyperVault platform.

Project Details and Timeline

The Navi Mumbai data centre is being developed as a joint venture between TCS and global private equity firm TPG. The facility is designed with a capacity of approximately 120 megawatts and is targeted to become operational within 18 months. This project marks the first facility to be launched under the HyperVault platform, representing TCS's inaugural attempt to build a standalone AI data centre business rather than simply consuming cloud capacity for clients.

Investment Structure and Commitments

The financial arrangement involves TPG investing up to $1 billion to acquire a minority stake in the venture, while TCS retains majority control. Both companies have committed a total of ₹18,000 crore through a combination of equity and debt financing. The platform is designed to serve multiple client categories, including hyperscalers, AI enterprises, government clients, and group companies, with ambitions extending beyond the single Navi Mumbai facility.

Market Opportunity and Growth Projections

India's data centre market presents significant growth potential, with current installed capacity estimated at roughly 1.5 gigawatts. Industry projections indicate this capacity could exceed 10 gigawatts by 2030, driven by increased cloud adoption, data localisation requirements, and growing AI workloads. This growth trajectory has attracted close to $94 billion in investments since 2019, prompting technology firms and infrastructure investors to secure land and power resources early.

Competitive Landscape and Major Projects

Several major data centre projects are currently under development across India. AdaniConneX has partnered with Google to develop a $15 billion AI campus in Visakhapatnam, targeting gigawatt-scale capacity with TPUs and GPUs for model training. Meta and Sify are constructing a ₹15,266 crore facility with 500 MW capacity in Paradesipalem near Vizag, focused on generative AI and AR/VR workloads. Additionally, Reliance Industries is pursuing a 1 gigawatt site in Jamnagar, expandable to 3 gigawatts, in partnership with NVIDIA for large language models.

Strategic Positioning

The timing of these investments aligns with India's positioning as a potential hub for global AI infrastructure. The country offers advantages including cheaper power costs, improving land availability, and localisation norms that encourage domestic hosting. For hyperscalers and AI firms, these factors make India an attractive alternative for large-scale, high-density computing infrastructure requirements. The discussions between TCS and potential anchor clients remain at an early stage, with no binding agreements signed yet, according to sources familiar with the matter.

Tata Consultancy Services has announced a strategic partnership with Rajarambapu Sahakari Bank (RSB) to integrate TCS BaNCS for Treasury, marking the next phase of digital transformation for the urban co-operative bank. The announcement, made on January 21, 2026, represents an expansion of the existing technology partnership between the two organizations.

Partnership Expansion and Technology Integration

The collaboration builds on TCS's existing five-year partnership with RSB, during which the bank has successfully implemented the TCS BaNCS Global Banking Platform across its operations. The new treasury solution will provide RSB with a single, consolidated platform featuring advanced risk analytics and real-time position keeping capabilities.

Treasury Operations Enhancement

The TCS BaNCS for Treasury platform will enable RSB to automate its treasury operations and manage various financial instruments more efficiently. The integrated solution is designed to streamline investments, money markets, repo, and reverse repo transactions while reducing manual intervention and increasing straight-through processing capabilities.

The treasury transformation will allow the bank to:

• Add new asset classes including corporate bonds and debentures
• Reduce manual intervention in treasury processes
• Increase STP (Straight-Through Processing) capabilities
• Offer new financial products to customers
• Align with regulatory compliance requirements

Leadership Perspectives

Pradip Nivrutti Babar, Managing Director of Rajarambapu Sahakari Bank, emphasized the strategic importance of the treasury solution integration. He noted that the selection represents a logical progression in modernizing the bank's technology infrastructure, complementing existing front-end digital services offered to customers.

Venkateshwaran Srinivasan, Global Head of Financial Solutions at TCS, highlighted the comprehensive nature of the treasury platform. He described the solution as modern and highly adaptable, designed to enhance agility, increase automation, manage risk effectively, and optimize overall treasury operations.

Bank Profile and Market Position

Rajarambapu Sahakari Bank serves as a preferred banking partner for semi-urban and rural communities, providing accessible credit, agricultural financing, and comprehensive banking services. The bank focuses on fostering local entrepreneurship at the grassroots level and maintains a strong digital footprint across mobile banking and payment services.

TCS BaNCS Platform Overview

The TCS BaNCS universal financial solution is deployed at more than 450 installations worldwide, representing one of the largest collections of components and enterprise applications for the financial industry. The platform is designed to help financial services institutions enhance customer experience while embracing open and innovative technologies for digital customer engagement.

TCS has maintained a significant presence in India's banking sector for nearly six decades, supporting the country's technological transformation. The company works with banking and financial institutions across India and globally, delivering solutions that serve millions of users while supporting underserved and rural communities through various government programs aimed at strengthening financial inclusion.