Yotta Data Services Pivots IPO Strategy Toward India

New Delhi, january 28, 2026: Yotta Data Services, a prominent leader in India’s AI and data center infrastructure sector, has strategically pivoted its initial public offering (IPO) plans. Originally eyeing a direct listing on the Nasdaq, the Mumbai-based company, backed by the Hiranandani Group, is now prioritizing a domestic listing in India.

This shift underscores the growing strength of India’s capital markets and the surging domestic demand for AI-ready infrastructure. Here is an in-depth look at Yotta’s journey, its IPO strategy, and its role in shaping India’s digital sovereignty.

The Strategic Pivot: India First, Nasdaq Later

Yotta Data Services, through its parent entity Nidar Infrastructure, had previously moved toward a Nasdaq listing via a merger with Cartica Acquisition Corp, a Special Purpose Acquisition Company (SPAC). While the Nasdaq option remains on the table for future global expansion, the company has decided to tap into the Indian markets first.

The decision is fueled by the robust performance of Indian technology stocks and the government’s aggressive “IndiaAI Mission.” By listing locally, Yotta aims to align itself with the domestic investment ecosystem, offering Indian investors a direct stake in a company that is foundational to the country’s artificial intelligence ambitions.

A “Concrete-to-Cloud” Powerhouse

Co-founded by Darshan Hiranandani and Sunil Gupta (widely known as the “Data Center Man of India”), Yotta distinguishes itself through a vertically integrated model. Unlike global hyperscalers that often rent space, Yotta owns the entire stack:

• Infrastructure: Large-scale Tier IV data center campuses in Navi Mumbai (NM1), Greater Noida (D1), and GIFT City.
• Hardware: An exclusive partnership with NVIDIA, making Yotta one of the few “NVIDIA Exemplar” partners in the APAC region.
• Services: Sovereign cloud platforms like Yntraa and Shakti Cloud, which offer high-performance GPU compute for training Large Language Models (LLMs) and AI inferencing.

Fueling the IndiaAI Mission

Yotta has become a critical partner for the Government of India. It was recently empanelled under the ₹10,372 crore IndiaAI Mission to provide GPU-based supercomputing capacity.

• Scaling Up: The company is deploying thousands of NVIDIA H100 and Blackwell GPUs to meet the exponential demand from startups, research institutions, and government agencies.
• Sovereign Data: By keeping AI workloads within Indian borders, Yotta addresses growing concerns over data residency and national security, positioning itself as the “Sovereign AI” provider of choice.

Financial Outlook and Growth Roadmap

With an initial investment of over ₹4,000 crore and plans to invest an additional ₹16,000 crore, Yotta is on a high-growth trajectory.

• Revenue Targets: The company is aiming for a revenue milestone of $1 billion by March 2028.
• Expansion: While Mumbai and Delhi remain the core hubs, Yotta’s infrastructure is designed to scale to hundreds of megawatts, supporting not just domestic needs but also acting as a global hub for AI training.

Why This Matters for the Market

Yotta’s IPO is expected to be a landmark event for the Indian tech sector. It represents a shift from traditional IT services to high-value “AI Infrastructure as a Service” (IaaS). For investors, it offers a rare opportunity to invest in the “shovels and pickaxes” of the AI gold rush—the actual hardware and cooling systems that make AI possible.

As India moves closer to its goal of becoming a $5 trillion economy, companies like Yotta are providing the digital backbone necessary for that transformation. The upcoming IPO will not only provide Yotta with the capital to compete with global giants like AWS and Google Cloud but will also cement India’s position as a self-reliant powerhouse in the global AI landscape.