RackBank Datacenters Pvt. Ltd

What RackBank Datacenters Pvt. Ltd does

RackBank Datacenters Pvt. Ltd, founded in January 2013 and headquartered in Navi Mumbai with data center facilities in Indore, Raipur, and Mumbai, is an Indian provider of AI-optimized datacenter infrastructure positioned as a sovereign AI cloud platform. The company's product portfolio spans the GigaCampus® (a 100+ acre hyperscale hub designed for up to 1 GW of IT load with built-to-suit capacity from 1 MW to 500 MW), the AI Factory platform (300MW+ West-East Corridor), and a stack of AI services including AI Colocation, AI Edge (sub-10ms latency), AI Metal (bare-metal GPU servers), AI Hyperscale (80MW-ready clusters), and Private AI (dedicated sovereign environments). Its proprietary Varuna liquid immersion cooling technology is patented and achieves a PUE of sub-1.03, supporting rack densities up to 150 kW and reducing cooling energy consumption by up to 95%.

RackBank generates revenue through usage-based GPU compute pricing (15 cents per GPU per hour versus an industry norm of 45 cents), subscription-based colocation and managed services contracts, and large hyperscale build-to-suit deployments. The company serves four primary customer segments: AI-focused enterprises and research institutions requiring GPU-intensive workloads, AI startups and scale-ups in Tier-2/Tier-3 Indian cities, sovereign AI and government buyers (including through IndiaAI Mission GPU tenders where the company cleared the fourth-round technical evaluation alongside Tata Communications, Yotta, and Sify), and general enterprise/internet businesses. Distribution is direct enterprise sales-led, with the company operating carrier-neutral facilities and leveraging an enquiry-based sales motion via its website, toll-free number, and field sales team for large deployments.

The company operates NeevCloud as a wholly-owned subsidiary for sovereign AI cloud services, holds ISO 9001:2015, ISO 27001:2013, and TIA-942 Rated 3 certifications, and recently expanded with India's first AI GigaCampus in Raipur (Rs 1,000 crore initial investment, scalable to Rs 3,000 crore). RackBank has signed LOIs with three international enterprise customers for an 11,000-GPU deployment worth Rs 6,000 crore, is planning to raise up to USD 1.2 billion for AI infrastructure expansion (with USD 50 million committed to Nvidia B300 chips), and has signed an MoU with Agnikul Cosmos to build India's first AI-powered data center in space. Founder and CEO Narendra Sen leads both RackBank and NeevCloud.

Name

RackBank Datacenters Pvt. Ltd

Legal name

RackBank Datacenters Pvt. Ltd

Website

https://rackbank.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

RackBank Datacenters is an Indian sovereign AI infrastructure provider operating AI-optimized data centers in Indore, Raipur, and Mumbai. It serves AI enterprises, startups, and government clients with GPU compute, colocation, and hyperscale services, leveraging its patented Varuna immersion cooling technology.

Ownership category

akta.pro rank

Product category

AI Data Center Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Equipment Rental & Leasing, Nec (7359), Wholesale-Computers & Peripheral Equipment & Software (5045)

akta.pro primary industry

AI Datacenter Power, Cooling & Racks (liquid cooling, power delivery) (HDAAAAAH)

akta.pro secondary industries

Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD), Rack & Tower Servers (General-Purpose x86/ARM) (HDACABAA)

Keywords

• AI data center services
• GPU colocation infrastructure
• Liquid immersion cooling
• Sovereign AI cloud
• Hyperscale data center parks

Headquarters

HQ city

Indore

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. AI Infrastructure Services: RackBank generates revenue through multiple AI infrastructure service streams including AI Colocation (high-density rack hosting for AI infrastructure), AI Hyperscale (large-scale GPU cluster power with 80MW-ready infrastructure), AI Edge (edge compute nodes for sub-10ms latency workloads), AI Metal (dedicated bare metal servers for GPU-intensive training), and Private AI (total control over AI models). Revenue is earned through usage-based pricing per GPU hour and capacity-based contracts.
2. Traditional Datacenter Services: Provides dedicated servers, colocation, managed services, and cloud services for general enterprise workloads. Revenue streams include one-time setup fees and recurring service charges based on server capacity and service tier selected.
3. GPU Compute Services: GPU compute services priced at 15 cents per GPU per hour versus industry norm of 45 cents, enabled by cheap renewable power in central India. The company projects annual recurring revenue to reach USD 200-220 million by FY27 from current levels of USD 1-2 million.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

RackBank operates AI-optimized datacenter facilities in Raipur, Indore, and Mumbai, selling GPU colocation, bare-metal AI servers, edge compute, hyperscale capacity, and private sovereign AI infrastructure to enterprises, AI startups, and government entities. Its GigaCampus® (100+ acres, up to 1 GW IT load) and patented Varuna liquid immersion cooling (sub-1.03 PUE, up to 150 kW per rack) form the technical backbone of a full-stack sovereign AI infrastructure platform.

Product overview

RackBank is a full-stack sovereign AI infrastructure platform with a platform-plus-modules architecture. The core offerings include the GigaCampus® (100+ acre hyperscale hub up to 1 GW), AI Factory (300MW+ West-East corridor), and five AI services (AI Colocation, AI Edge, AI Metal, AI Hyperscale, Private AI) that provide scalable pathways from edge inference to hyperscale training. Supporting infrastructure includes dedicated servers, colocation, managed services, cloud, SAP HANA, and gaming servers. Varuna is the proprietary liquid immersion cooling sub-product enabling 1.03 PUE. The AI Data Center Park in Raipur is India's first AI SEZ. The platform is engineered for high-density GPU workloads with rack densities up to 150kW and sustainability at its core using renewable energy.

Differentiator

Problem solved

Functional benefit

Brands

• NeevCloud: Indian sovereign AI cloud infrastructure platform offering GPU cloud services, positioned as an AI-first cloud platform for Indian enterprises.
• Varuna
• GigaCampus
• AI Factory

Products and services

• GigaCampus® Massive-scale, built-to-suit AI datacenter environment spanning 100+ acres with up to 1 GW IT load capacity and 80% colocation space, designed for hyperscale AI workloads and long-term capacity expansion for enterprises, AI startups, and government.
• AI Factory Purpose-built AI Factory platform offering 300MW+ capacity across a West-East Corridor, designed as an immediate, scalable gateway to the Indian AI ecosystem for high-density training and inference workloads.
• AI Colocation High-density, secure rack colocation service purpose-built for AI infrastructure, supporting extreme performance and uptime for enterprise AI workloads.
• AI Edge Edge compute service delivering sub-10ms latency AI inference closer to users and devices through edge zones across India, targeting latency-sensitive AI applications.
• AI Metal Dedicated bare metal servers purpose-built for GPU-intensive training and inference, providing raw GPU compute without virtualization overhead for AI workloads.
• AI Hyperscale Large-scale AI cluster capacity delivered through 80MW-ready infrastructure across India's fastest-growing campuses, supporting hyperscale AI training and inference deployments.
• Private AI Dedicated sovereign AI infrastructure offering enterprises and government total control over their AI models, with data privacy and regulatory compliance built in.
• Varuna Immersion Cooling Data Center Patented liquid immersion cooling data center solution achieving PUE of 1.03, reducing hardware failure by ~60% and providing up to 10X computational density at up to 150 kW rack density for AI compute.
• Dedicated Servers Affordable bare metal dedicated servers for general-purpose hosting workloads, serving as RackBank's foundational offering since its founding in 2013.
• Colocation Secure and scalable colocation infrastructure for enterprise workloads, delivered across RackBank's carrier-neutral facilities in Raipur, Indore, and Mumbai.
• Managed Services Comprehensive datacenter management services designed for reliability and control, covering infrastructure operations for enterprise customers.
• Cloud Scalable cloud infrastructure for various enterprise workload types, delivered from RackBank's Indian datacenter facilities.
• SAP HANA Solutions SAP certified hardware infrastructure for enterprise SAP HANA deployments, targeting enterprises running mission-critical SAP workloads.
• Game Servers Real-time performance optimized servers for gaming applications, delivering low-latency hosting for game publishers and developers.
• VDI-as-a-Service Secure and scalable virtual desktop infrastructure delivered as a service for enterprise hybrid and remote work use cases.
• AI Data Center Park Raipur India's first AI SEZ data center park in Raipur, Chhattisgarh, with 60,000+ GPU hosting capacity and 80MW power capacity, targeting hyperscale AI workloads under the RackBank platform.

Quantifiable outcome

• 95% less energy spent on cooling with Varuna immersion cooling technology
• +6 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

18 partnerships are on record, tiered flagship, core and minor.

• Agnikul Cosmos Private LimitedflagshipStrategic or Co-development Partner · 13 February 2026NeevCloud (under RackBank Datacenters) signed an MoU with Agnikul Cosmos, a Chennai-based space technology company, to build India's first AI-powered data center in space. The initiative will place high-performance AI inference nodes in Low Earth Orbit to address the global AI latency gap, with the first pilot launch scheduled before end of 2026 and plans to scale to 600+ orbital edge data centers over three years. The collaboration targets the $255 billion global AI inference market.
• CII (Confederation of Indian Industry)coreStrategic or Co-development PartnerActive participation and collaboration with CII for industry advocacy, policy engagement, and business networking in India's datacenter and technology sector.
• NASSCOMcoreStrategic or Co-development PartnerPartnership with NASSCOM for technology industry collaboration, talent development, and policy advocacy in India's IT and datacenter sector.
• MPSEDC (Madhya Pradesh State Electronics Development Corporation)coreStrategic or Co-development PartnerPartnership with Madhya Pradesh Government enterprise for state-level technology infrastructure development, SEZ facilitation, and local business support.
• iSpirtminorStrategic or Co-development PartnerCollaboration with iSpirt, a think-tank focused on technology policy and product development in India.
• Data Center and Cloud (DC&C) ForumcoreStrategic or Co-development PartnerActive membership and participation in DC&C Forum for industry standards, best practices, and market development in India's datacenter sector.
• Indore Entrepreneur Network (IEN)minorStrategic or Co-development PartnerLocal ecosystem partnership for startup engagement and entrepreneur support in central India's technology hub.
• BrocadecoreTechnology or IntegrationTechnology partnership for networking infrastructure solutions enabling high-bandwidth, low-latency connectivity for AI workloads.
• IntelcoreTechnology or IntegrationTechnology partnership for processor and datacenter infrastructure technology integration.
• MicrosoftcoreTechnology or IntegrationTechnology partnership for cloud infrastructure, software solutions, and enterprise workload deployment.
• SeagatecoreTechnology or IntegrationTechnology partnership for storage infrastructure solutions supporting AI-optimized data storage requirements.
• GartnerminorOthersKnowledge partnership for industry research, market analysis, and technology trend insights.
• Tata CommunicationscoreTechnology or IntegrationFeatured alongside Tata Communications as key players in India's sovereign cloud and AI infrastructure ecosystem. Both companies are outlined as key players in sovereign multi-cloud and edge computing trends.
• IBMcoreTechnology or IntegrationFeatured alongside IBM as key players in India's cloud computing evolution toward sovereign multi-cloud and edge intelligence.
• ZohocoreTechnology or IntegrationFeatured alongside Zoho as key players in India's cloud and AI infrastructure landscape.
• ESDScoreTechnology or IntegrationFeatured alongside ESDS as key players in India's sovereign cloud and edge computing infrastructure ecosystem.
• OVhcloudcoreTechnology or IntegrationFeatured alongside OVhcloud as key players in India's sovereign cloud and AI infrastructure market.
• iLink DigitalcoreTechnology or IntegrationFeatured alongside iLink Digital as key players in India's sovereign multi-cloud and edge computing infrastructure ecosystem.

Scale indicators12 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• CtrlS Datacenters: Tier-4 hyperscale data center operator in India with a similar colocation, dedicated hosting, and cloud-services portfolio. Comparable footprint, customer base (enterprise + hyperscaler), and AI-readiness roadmap.
• OVHcloud: European-headquartered hyperscale cloud provider offering dedicated servers, GPU cloud, and bare metal. Co-listed with RackBank as a key player in India's sovereign cloud and AI infrastructure market and competes on similar cost-efficient cloud positioning.
• Yotta Data Services: Indian hyperscale data center and GPU cloud operator that, like RackBank, is targeting AI workloads and qualified for IndiaAI Mission GPU tenders. Directly comparable on sovereign AI compute, GPU colocation, and India-based hyperscale capacity.
• ESDS Software Solution: Indian cloud and colocation provider offering managed hosting, cloud, and increasingly AI/sovereign-cloud services. Directly comparable SMB-and-enterprise hosting customer base and India-focused sovereign cloud positioning.
• Sify Digital Services: Indian data center and cloud services provider offering colocation, managed hosting, and GPU cloud. Qualified alongside RackBank in IndiaAI Mission GPU tenders and competes for the same enterprise and sovereign-AI workloads.

Broad incumbents

• Tata Communications: Large incumbent Indian telecom and data center operator with broader connectivity and cloud offerings. Competes with RackBank on sovereign AI cloud and was co-listed with RackBank as a key sovereign multi-cloud player in India.
• AdaniConneX: Adani Group and EdgeConneX joint venture building hyperscale data centers across India. Competes for hyperscale AI infrastructure tenants and benefits from a much larger parent balance sheet.
• NTT India (Netmagic / NTT GDC India): Subsidiary of NTT Data operating hyperscale data centers across India with colocation, managed hosting, and cloud services. A larger incumbent targeting the same enterprise AI and sovereign-cloud segments as RackBank.
• Reliance Jio (Jio Cloud / Jio IndiaAI): Indian telecom and digital conglomerate with rapidly expanding data center and sovereign AI cloud ambitions. Competes for the same IndiaAI Mission GPU allocation and enterprise sovereign-AI workloads with significantly larger capital resources.

Regional players

• Pi Datacenters: India-based hyperscale data center operator offering colocation, cloud, and managed services with a comparable enterprise/SMB customer mix. Smaller scale than RackBank's planned AI footprint but a direct competitor in Indian Tier-2/3 markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/rackbank
• YouTubeyoutube.com/@RackbankDatacenters
• Facebookfacebook.com/RackBank
• LinkedInlinkedin.com/company/rack-bank
• Instagraminstagram.com/rackbank.datacenters

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RackBank Datacenters Pvt. Ltd