Yotta Data Services To Order 90,000 Nvidia GPUs Worth ₹1 Lakh Crore

Yotta Data Services plans to place a $12 billion (around ₹1 lakh crore) purchase order for 90,000 Nvidia graphics processing units (GPUs) this month, as the data centre company expands capacity to meet demand from artificial intelligence (AI) customers.

The order will cover Nvidia’s Vera Rubin and Grace Blackwell (GB300) chips. Yotta chief executive Sunil Gupta told The Economic Times (ET) that the company expects the purchase to make it Nvidia’s largest customer in India. The Hiranandani Group-backed company had deployed 40,000 GPUs by June after investing $1.8 billion.

Yotta Steps Up GPU Capacity

Yotta plans to issue a tender to vendors for the 90,000 GPUs and will receive the chips in batches, Gupta said.

The company is in advanced discussions with global customers, including major AI labs, to secure upfront funding for the initial order. Yotta plans to use a mix of customer contracts, advances and financing structures similar to GPU leasing models used in the US to fund the expansion. The company has not disclosed the names of the potential customers.

It was reported in March that Yotta was investing $2 billion, or about ₹16,600 crore, to deploy Nvidia AI chips at its hyperscale data centre campus in Noida. The project was among the early deployments of Nvidia’s Blackwell B300 GPUs in India.

Blackwell B300 is the predecessor to Nvidia’s Vera Rubin platform, which was launched this year and carries a higher cost. Nvidia is also set to anchor Asia’s first DGX Cloud supercluster within Yotta’s infrastructure. The facility will use nearly half of the new GPU capacity under a four-year contract worth about $1 billion, according to the company’s March announcement.

AI Demand Pushes Expansion

Yotta had earlier planned to increase its GPU base from around 40,000 to more than 75,000 over two years. Gupta said stronger demand from customers had led the company to raise that target.

The expansion comes as Indian data centre operators prepare for higher demand for computing infrastructure linked to AI applications.

IPO Plans

Yotta is also preparing for a public listing. The company raised $150 million from family offices and wealthy individuals in a pre-initial public offering (IPO) round earlier this year at a valuation of around $3.9 billion, or ₹37,000 crore.

It plans to raise another $1 billion from global private equity investors before filing its draft red herring prospectus later this year. Gupta said several large global investors are in advanced discussions, but their names have not been disclosed.

It is reported that Yotta is looking to raise around ₹6,000-8,000 crore through its IPO. Kotak Mahindra Capital, ICICI Securities and SBI Capital Markets are the book-running lead managers for the proposed issue.

Yotta and Sify Infinit Spaces are among the first Indian data centre companies considering public listings as AI infrastructure requires large investments in computing capacity. ST Telemedia Global Data Centres is also reportedly considering a listing this year.

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