Table of Contents
The deal provides AirTrunk with Lumina’s approximately 600MW development pipeline, alongside existing contracts, local relationships and operational capabilities
In sum – what to know:
India expansion – AirTrunk enters India via Lumina, gaining ~600MW pipeline tied to up to $5B in future development potential.
Scale growth – Combined platform exceeds 3GW across 20 campuses in six APAC markets, strengthening hyperscale positioning.
AI demand – Move targets rapid growth in India driven by cloud, 5G and sovereign AI ambitions under the IndiaAI Mission.
APAC data center operator AirTrunk has entered the Indian data center market through the acquisition of Lumina CloudInfra, securing immediate access to one of the fastest-growing hubs for AI and cloud infrastructure globally.
The deal provides AirTrunk with Lumina’s approximately 600MW development pipeline, alongside existing contracts, local relationships and operational capabilities. The portfolio represents up to $5 billion in potential future investment, according to AirTrunk.
“India sits at the intersection of demand, talent and ambition – one of the fastest-growing digital and AI markets in the world. And now, we’re all in. Our entry through Lumina and initial $5 billion investment is more than expansion – it’s a long-term commitment to help power India’s AI-driven future,” AirTrunk’s chief executive officers, Robin Kuhda, said in a LinkedIn post.
Following the transaction, AirTrunk’s total footprint will exceed 3GW of operating and planned capacity across 20 campuses in six regions: Australia, Singapore, Japan, Malaysia, Hong Kong, and now India. The platform continues to be backed by long-term capital from Blackstone and CPPIB, which acquired AirTrunk in 2024 for $16.1 billion.
The move reflects accelerating demand in India, where installed data center capacity is projected to grow from around 1.5GW in 2025 to approximately 10GW by 2030, according to a previous report by Deloitte. Growth is being driven by cloud adoption, 5G expansion, data sovereignty requirements and the scale of the country’s mobile user base.
Government-backed initiatives such as the IndiaAI Mission are also contributing to demand for AI-ready infrastructure, positioning India as a strategic market for hyperscale operators.
India’s total data center capacity had exceeded 1.5 GW as of September 2025, with Mumbai accounting for 53% of the operational stock, about 1,530 megawatts (MW), according to a previous report by Indian commercial real estate services firm CBRE. After Mumbai, Chennai (20%), Delhi-NCR (10%), and Bengaluru (7%) follow as key markets. Together, the four cities account for nearly 90% of India’s total data center capacity, CBRE said.
Lumina, founded in 2022 by Blackstone, brings an established platform with projects across key Tier 1 markets including Mumbai, Chennai and Hyderabad, as well as a pipeline extending to Pune. Its focus on energy-efficient, high-density infrastructure aligns with rising requirements for AI workloads.
Strategically, the acquisition allows AirTrunk to combine its hyperscale expertise and global customer relationships with Lumina’s local execution capabilities. This integration is aimed at accelerating the deployment of large-scale, AI-ready campuses across India.
The transaction highlights a broader industry trend: hyperscale operators are prioritizing high-growth, high-demand markets where power availability, regulatory alignment and AI-driven workloads are reshaping infrastructure investment decisions. India, with its scale and policy support, is increasingly central to that shift.
