Anant Raj Demerges Data Centre Arm into Ashok Cloud
By Business Desk
Anant Raj Ltd to demerge its data centre and cloud operations into a new entity, Ashok Cloud Pvt Limited. Plans include significant expansion and capital investment in digital infrastructure.
Anant Raj Ltd will demerge its data centre and cloud operations into a new, independently listed entity named Ashok Cloud Pvt Limited. The real estate firm plans to expand its data center capacity to 307 MW by FY32, supported by an estimated USD 2.1 billion capital expenditure.
Key Financials & Capacity
Current IT load managed: 28 MW across Manesar and Panchkula campuses.
Planned IT load capacity by FY28: approximately 117 MW.
Target IT load capacity by FY32: 307 MW across Manesar, Panchkula, and Rai.
Estimated capital expenditure for expansion: USD 2.1 billion.
The Composite Scheme of Arrangement, approved by the Board of Directors, aims to establish two distinct businesses. This provides greater strategic focus and management autonomy for long-term value creation, stated Amit Sarin, Managing Director of Anant Raj Ltd.
New Entity Focus
Ashok Cloud Pvt Limited will specialize in digital infrastructure and cloud services.
Offerings include advanced data centers, co-location services, and sovereign public cloud solutions.
The new entity will also provide AI-ready cloud infrastructure and various disaster recovery services.
Shareholders of Anant Raj Limited will receive one fully paid-up equity share of Ashok Cloud Private Limited for every one share they hold. Ashok Cloud Private Limited will operate as a subsidiary of Anant Raj Limited, pending required statutory, regulatory, and judicial approvals.
Expansion Milestones
The group is on track to significantly increase its IT load capacity in the coming years.
Anant Raj recently partnered with Orange Business to deliver managed cloud services across India.