Mumbai, 21 November (Udaipur Kiran). Tata Consultancy Services (TCS) gained marginally in Thursday’s trading session after announcing a strategic partnership with global alternative asset management firm TPG. The stock was trading at ₹3,153.20, up ₹7.45 or 0.24% from its previous close of ₹3,145.75 on the BSE.

The scrip opened at ₹3,145.75 and has touched a high of ₹3,170.00 and a low of ₹3,136.00 so far, with over 65,000 shares traded. The company’s market capitalisation currently stands at ₹11,40,801.08 crore.

TCS has partnered with TPG to support the expansion of its AI-focused data centre initiative, HyperVault. The collaboration aims to build giga-watt scale AI-ready infrastructure in India over the next few years, aligning with TCS’ ambition to become the largest AI-led technology services company.

The investment in HyperVault will be made through a mix of equity and debt. Both partners together plan to invest up to ₹18,000 crore, with TPG contributing up to ₹8,820 crore and expected to hold 27.5% to 49% equity in the platform. The company stated that the partnership will help optimise capital deployment and enhance long-term value creation.

TPG’s investment will be routed through TPG Rise Climate and its Global South Initiative, as well as its Asia Real Estate business — marking a key milestone for the expansion of HyperVault in India.

TCS, India’s largest IT services provider, continues to strengthen its artificial-intelligence-driven offerings across global markets through such strategic initiatives.

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