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Avisirah Technologies Raises ₹75 Crore for Navi Mumbai Data Centre
Avisirah Technologies is planning to build a large computer facility in Navi Mumbai.
It received a ₹75 crore loan from Syndicate Finance to help develop the project.
The company had already received ₹50 crore from the lender in 2025.
Together, these loans total ₹125 crore.
The money will help buy land, build the facility and install computers, power systems and cooling equipment.
The centre is intended to support artificial intelligence, cloud computing and other applications that need a lot of computing power.
It is planned in two phases and could eventually hold about 1,100 racks of equipment.
The company may receive another ₹125 crore in 2027–28 if project and lending conditions are met.
Avisirah Technologies has secured a ₹75 crore loan facility from Syndicate Finance for its proposed Navi Mumbai data centre.
The financing follows a ₹50 crore secured loan provided by Syndicate Finance in May 2025, bringing total financing to ₹125 crore.
The planned two-phase facility is designed to provide 5.5 MW of IT load and approximately 1,100 racks.
Funds will support land acquisition, construction, power and cooling systems, equipment procurement, connectivity and working capital.
Avisirah Technologies may seek up to ₹125 crore in additional funding during 2027–28, subject to approvals and project conditions.
- Who
- Avisirah Technologies Private Limited and Syndicate Finance.
- What
- Avisirah Technologies secured a ₹75 crore loan facility to develop a proposed AI-focused data centre and high-performance computing infrastructure.
- Where
- Navi Mumbai, Maharashtra, India.
- When
- The latest financing was announced on September 11, 2026; an earlier ₹50 crore facility was extended in May 2025.
- Why
- To fund land acquisition, facility development, infrastructure, equipment, connectivity and working capital for AI, cloud and other data-intensive applications.
Key facts
- Latest financing
- ₹75 crore loan facility from Syndicate Finance.
- Previous financing
- ₹50 crore secured loan extended in May 2025.
- Aggregate financing
- ₹125 crore extended by Syndicate Finance to date.
- Planned facility
- Two-phase, Uptime Tier III-equivalent colocation data centre.
- Planned capacity
- Approximately 5.5 MW of IT load and 1,100 racks.
- Potential future funding
- Up to ₹125 crore during 2027–28, subject to milestones, documentation, approvals and customary conditions.
- Project uses
- Land, construction, civil and electrical infrastructure, power, cooling, connectivity, equipment and working capital.
Quotes
Suresh Gurav
Director of Avisirah Technologies Private Limited
“Artificial intelligence is fundamentally changing the scale and nature of computing infrastructure required by businesses. India is witnessing significant growth in demand for AI, cloud and data-intensive computing capacity, and we believe Navi Mumbai is strategically positioned to participate in this next phase of digital infrastructure development.”
livemint.com
“The ₹75 crore financing from Syndicate Finance is an important milestone in our development programme. It follows our earlier ₹50 crore financing relationship and will enable us to progress land acquisition, infrastructure development, equipment procurement and working capital requirements for the project.”
livemint.com
Sources
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