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Yotta eyeing India listing to ride the AI tech wave here

“We are in the process of doing diligence for a listing in India. We are open for a pre-IPO (initial public offering) round right now. We're in touch with HNIs (high-net-worth individuals), family offices and funds,” Sunil Gupta said. He pointed out that while the timeline is not fixed, they are exploring FY27.

Yotta eyeing India listing to ride the AI tech wave here

Yotta Data Services Plans India Listing for 2026-27

Mumbai-Based Company to Raise Funds for AI Infrastructure

Yotta Data Services, a Hiranandani Group company, is planning to list on the Indian bourses in 2026-27, said its chief executive Sunil Gupta.

Exploring Pre-IPO Round with HNIs, Family Offices and Funds

  • We are in the process of doing diligence for a listing in India.
  • We are open for a pre-IPO (initial public offering) round right now.
  • We're in touch with HNIs (high-net-worth individuals), family offices and funds.

Gupta pointed out that while the timeline is not fixed, they are exploring FY27.

Decision to List in India Instead of US

Responding to the decision to list in India instead of the US, Gupta said the company had planned to list in both countries, “because our technology partner is in the US, which is also a big market for us”. However, the decision to list here was driven by the current opportunity India presents, which includes the IndiaAI Mission and the volume of work happening across artificial intelligence (AI) in the country.

Immense Capital Required for AI Infrastructure

Gupta said that immense capital is required to provide the AI infrastructure, running into billions of dollars.

  • What we have done is maybe a $1 billion data centre and chips put together.
  • To do that, I need to raise funds across the board, in India or the US, wherever I can raise and wherever people are willing.

Current Business Operations

Yotta Data Services currently runs cloud and offers graphics processing units (GPUs) to businesses in the country.

  • Its Shakti cloud GPU cloud computing platform has more than 16,000 H100 GPUs.
  • It announced last year that it would invest $1.5 billion to get more Nvidia GPUs, including 8,000 Blackwell B200 GPUs.
Key Takeaways:
  • Yotta Data Services plans to list on the Indian bourses in 2026-27.
  • The company is exploring a pre-IPO round with HNIs, family offices and funds.
  • It requires immense capital to provide AI infrastructure, running into billions of dollars.

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