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Funding · Enterprise Software & IT

Avisirah Technologies secures ₹75 crore for data centre

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Date
Company
Avisirah Technologies
What it does
Digital and data infrastructure provider
Kind
Funding
Amount
₹75 crore
Based in
Navi Mumbai
Sector
Enterprise Software & IT

What they do

Avisirah Technologies develops high-performance data centres and digital infrastructure for cloud computing and AI applications

What happened

The company secured a ₹75 crore loan from Syndicate Finance to fund its Navi Mumbai facility development

Why it matters

This funding supports a multi-phase project aiming for a total IT load of 5.5 MW across 1,100 racks

The details

  • Avisirah Technologies raised a ₹75 crore loan from Syndicate Finance to support its infrastructure projects.
  • The capital will fund land acquisition and the construction of a Tier III-equivalent data centre in Navi Mumbai.
  • Funds are allocated for civil, electrical, cooling, and connectivity infrastructure alongside computing equipment procurement.
  • The facility is designed to provide high-density capacity for AI and cloud computing workloads.
  • This loan follows a previous ₹50 crore financing from the same lender in May 2025.
  • The company has a potential future funding programme of up to ₹125 crore for 2027–28.

The bigger picture

  • India's data centre capacity is projected to grow from 1.6 GW in 2026 to 6 GW by 2029.
  • The Maharashtra IT & ITeS Policy 2023 provides specific incentives for data centre development in the state.
  • Navi Mumbai remains a primary hub due to its proximity to financial institutions and submarine cable infrastructure.

About the business

  • Avisirah Technologies focuses on building and operating digital infrastructure for data-intensive applications.
  • The Navi Mumbai facility is a greenfield project developed in two distinct phases.
  • Phase I provides an IT load of 2.5 MW, while Phase II adds 3.0 MW of capacity.
  • The total facility will accommodate roughly 1,100 racks, each designed for an average power draw of 5 kW.
  • The site utilizes a shared power and cooling backbone to optimize operational efficiency.

What happens next

  • The company intends to evaluate government incentives under state and central policies for the project.
  • Future development phases are subject to meeting specific milestones and credit approvals.

The deal

Type
loan

Investors

  • Syndicate Finance (lender) — A financial institution providing debt capital for infrastructure projects.

Founders

  • Suresh Gurav, Director

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