Recently, the data centre industry has garnered investments from a plethora of firms, including announcements from industrial conglomerates such as Adanis and Hiranandanis.
MUMBAI: Kotak Alternate Assets, administered by Kotak Investment Advisors Limited (KIAL), has launched the Kotak Data Centre Fund, which would invest heavily in the data-driven digital economy, enterprise cloud, 5G, and IoT. (internet of things).
According to a representative for the Kotak group’s alternatives business, its first data centre platform would raise between $500 million (about 4,000 crore) and $1 billion.
Kotak Mahindra Bank’s subsidiary intends to raise up to $1 billion in capital to participate in the data centre market.
According to an official announcement, Kotak Alternate Assets, a branch of Kotak Investment Advisors (KIAL), has appointed Subhamkar Das as the chief operational officer for the Kotak Data Centre Funds platform. Das worked as a data centre and construction head at Bharti Airtel-owned Nxtra before to joining Kotak Investment Advisors.
Subhamkar Das, a former vice president at Nxtra Data Ltd, has been appointed Chief Operating Officer (COO) for managing and leading the data centre platform.
“Subhamkar will be a senior member of KIAL’s Alternate Asset Management team, assisting in the development of KIAL’s data centre practice,” the company said in a statement.
Subhamkar, who has roughly 24 years of experience, formerly worked as a country business manager at Hewlett Packard Enterprise and as the data centre head at construction engineering company Sterling and Wilson. He has contributed to the design of data centres, physical infrastructure, green buildings, energy-efficient data centres, and next-generation data centres.
“The digital economy, business cloud, 5G, and IoT are driving a data explosion in India.” We estimate the data centre business to grow from 650MW to 2.2GW over the next five years, requiring a total investment of $7 billion.
“At Kotak, we have always led the way in discovering new investment possibilities and investing in empowered teams to execute plans to fulfil the goal expectations of our investors,” said Srini Sriniwasan, managing director at KIAL.
KIAL, a subsidiary of the Kotak Mahindra Group, was founded in 2005 to specialise on the alternative assets market. Over $6.8 billion has been raised/managed/advised across various asset classes, including real estate, private equity, infrastructure, special situations funds, and investment advisory, all led by independent investment teams.
In 2005, Kotak Investment Advisors was founded. It manages about $6.8 billion in assets across asset types such as real estate, private equity, infrastructure, special circumstances funds, and investment advising. Typically, it obtains funds from investors to wager on prospects for better returns, and it frequently puts its own money in as well.
Recently, the data centre industry has garnered investments from a plethora of firms, including announcements from industrial conglomerates such as Adanis and Hiranandanis.