Delhi Developer Anant Raj to Invest $2.1 Billion in Data Centers, Riding India's AI and Digital Boom

Anant Raj's Ambitious Data Center Investment

Delhi-based developer Anant Raj Ltd. has announced plans to invest 180 billion rupees ($2.1 billion) in data centers, joining the growing ranks of Indian companies capitalizing on the surge in demand for artificial intelligence and business process-led services in the country 12. With a current market value of $2.3 billion, Anant Raj aims to significantly expand its data center capacity to over 300 megawatts by 2032 1.

Source: Economic Times

Expansion Plans and Strategic Locations

The company's expansion strategy includes the launch of two additional data centers or server farms in the northern Indian state of Haryana, complementing its existing operational facility 1. Amit Sarin, managing director at Anant Raj, emphasized the rapid growth of India's data center market, stating, "India is witnessing one of the fastest growth phases globally for data centers" 2.

Funding and Partnerships

Anant Raj plans to fund this ambitious project through its own resources, demonstrating confidence in the venture's potential 2. The company has also formed a strategic partnership with French IT company Orange Business to provide cloud services alongside its data center offerings, enhancing its value proposition in the market 2.

India's Data Center Boom

The investment aligns with a broader trend in India's data center industry. According to a 2025 report by property consultant JLL, India's data center capacity is projected to grow by 77% to 1.8 gigawatts in the next four years 2. This growth is driven by increasing digitalization and data localization requirements in the country.

Source: Bloomberg Business

Market Opportunity and Competition

Anant Raj's move follows similar initiatives by major Indian conglomerates such as Adani Group and Reliance Industries Ltd. 2. The trend is further supported by Barclays Plc's assessment that India will be a significant beneficiary of the data center investment boom in Asia 2. Other players in the market include Bengaluru-based RMZ Corp., investing $1.7 billion in two data centers, and Panchshil Realty, which is considering a partnership with Blackstone Inc. for a large data center in Mumbai 2.

Impact on Anant Raj's Business Model

The data center initiative is expected to dramatically reshape Anant Raj's revenue structure. Sarin projects that data centers will contribute over 40% of the company's revenues within the next four years, a substantial increase from the current 5% 2. This shift underscores the strategic importance of the data center business to Anant Raj's future growth.

India's Data Landscape and Future Prospects

Sarin highlighted a crucial statistic that underscores the potential of India's data center market: "India currently generates 28% of the world's data but houses only 1% of it locally, presenting a significant opportunity for expansion as data localization becomes inevitable" 2. This disparity between data generation and local storage capacity presents a compelling case for continued investment and growth in India's data center infrastructure.