International Finance Corporation (IFC), the private sector lending arm of the World Bank Group, is planning to invest up to ₹675 crore (approximately $73 million) in Chennai-based Sify Infinit Spaces Ltd (SISL) to support the company’s ongoing and upcoming data centre projects in India.
In addition to its own investment, IFC proposes to mobilise up to ₹2,250 crore (approximately $244 million) from other lenders, subject to approvals from IFC and participating lenders, as well as the execution of definitive agreements.
Funding key data centre projects
According to an IFC disclosure document, the proposed financing will be used to fund capital expenditure for Towers 6 and 7 of SISL’s Rabale data centre campus in Navi Mumbai and the Chennai 02 data centre facility at Siruseri, Chennai. A portion of the funding will also be used to refinance existing term loans.
SISL is a subsidiary of Sify Technologies Ltd (STL) and is among India’s leading providers of data centre colocation services.
Expanding capacity across India
SISL currently operates 14 data centres across six major Indian cities—Mumbai, Chennai, Noida, Hyderabad, Bengaluru and Kolkata, with a combined built information technology (IT) power capacity of 188.04 megawatts.
The company is also developing 11 additional data centres to meet the growing demand for digital infrastructure and cloud services in the country.
As of December 31, 2025, Sify Technologies held an 88.45% stake in SISL, while the remaining shareholding was held by Kotak Data Center Fund and Kotak Special Situations Fund.
Supporting India’s digital infrastructure growth
IFC said the project is expected to improve access to data centre services for businesses in India by supporting SISL’s capacity expansion plans.
The proposed facilities are being designed with advanced cooling systems to improve operational efficiency and support renewable energy readiness, helping reduce the carbon footprint of data centre operations.
The project is also expected to address rising demand for scalable and reliable data centre services as India’s digital economy continues to expand.
IFC to provide financial and strategic support
According to IFC, its contribution to the project extends beyond financing. Alongside its proposed investment of up to ₹675 crore, IFC plans to mobilise up to ₹2,250 crore from other lenders. The institution is also supporting SISL in securing long-term fixed-interest-rate debt, providing an alternative to shorter-tenure floating-rate borrowings and helping diversify the company’s lender base.
IFC said the initiative will strengthen SISL’s financial flexibility while supporting the development of sustainable digital infrastructure in India.