Tata Consultancy Services (TCS) has formed a joint venture with private equity firm TPG, named HyperVault AI Data Centre Ltd, with an investment of Rs 18,000 crore. This initiative aims to create multiple AI and Sovereign Data Centers in India, addressing the increasing demand for AI capabilities. TCS will hold a 51% stake while TPG will have a 49% stake, investing up to Rs 8,820 crore. The venture will focus on developing infrastructure for AI and non-AI workloads, enhancing TCS's ability to deliver comprehensive AI solutions. This collaboration marks TCS's first external equity partnership with a private equity firm, aiming to position TCS as a leader in AI-led technology services.