Avisirah Technologies is building a 5.5 MW colocation data centre in Navi Mumbai in two phases — 2.5 MW then 3.0 MW — across about 1,100 racks at a 5 kW average design density, on a shared land parcel with a shared power and cooling backbone. It is the smallest project Gridvik has recorded so far and, unusually, one of the most precisely specified. It has drawn ₹125 crore of debt from Syndicate Finance and contemplates up to ₹250 crore. The proceeds are partly for acquiring the land — which means the site had not been bought when the financing closed. The registry carried this as under construction. It is not.
1At a glance
2The building
| Parameter | Value | Note |
|---|---|---|
| Total IT load | 5.5 MW | Company statement |
| Phase I | about 2.5 MW | Company statement |
| Phase II | about 3.0 MW | Company statement |
| Racks | about 1,100 | Company statement |
| Average design density | 5 kW per rack | Stated as a design average, not a ceiling |
| Redundancy standard | Uptime Tier III-equivalent | Equivalence claimed, not a certification. No certificate, body or date published |
| Land | Shared parcel across both phases | Not yet acquired |
| Power and cooling | Shared backbone across both phases | Capacity of the connection not disclosed |
| Phase cost | ₹125 crore each | Two phases, ₹250 crore total programme |
Five point five megawatts is a small facility. For scale, one Sify tower in Noida is 26 MW and Yotta’s D2 is 60 MW. But the specification is the most complete Gridvik has found on any project of this size, and that has commercial value: a supplier can size a bill of materials from it.
At 5 kW a rack and 1,100 racks, the electrical and mechanical plant is conventional: air-cooled chillers or a water-cooled system, room-level precision cooling, N+1 or 2N uninterruptible power supply, and diesel generation for backup. Nothing exotic is required, which is why the cost per megawatt lands in the normal ₹45 to ₹50 crore range.
3The money
The financing structure is worth reading carefully because it shows how a small Indian data centre actually gets built.
45 kW a rack is not AI density
The announcement calls this an AI data centre. The specification says 5 kW a rack on average. Those two statements describe different buildings.
| Workload | Typical rack density | What it needs |
|---|---|---|
| General colocation, as specified here | 5 kW | Air cooling, conventional power distribution |
| Cloud and enterprise compute | 8 to 15 kW | Air cooling with containment, higher busway capacity |
| AI inference | 20 to 60 kW | Liquid cooling, often direct to chip |
| AI training, current generation | 60 to 130 kW and above | Direct liquid cooling, high-voltage distribution on the floor |
At 5 kW a rack, this is a conventional colocation building. That is not a criticism — 5 kW is where a great deal of Indian demand actually sits, and it is a sensible thing to build. But it will not host an Nvidia training cluster, and a buyer should not approach it expecting to.
The gap has a second consequence. A building specified at 5 kW a rack that later wants to take AI workloads needs more than new cooling: it needs more power per cabinet, a different electrical topology, and possibly a different floor loading. That retrofit is expensive and it is decided now, at design, not later.
5 kW a rack. Gridvik has now recorded Yotta D1 at 5.76 kW and this facility at 5.0 kW. Both are labelled hyperscale or AI-ready in their own marketing. Both are conventional colocation buildings.
In this market, the density figure tells you what a building is. The label tells you what the developer hopes it will be called.
5The status correction
| Field | As carried | Corrected | Why |
|---|---|---|---|
| Status | Under construction | Funding stage | The September 2026 announcement lists acquisition of land in Navi Mumbai as a use of the new facility. You cannot be under construction on land you have not bought |
| Capacity basis | Unstated | IT load, design, stated by the company | The company states 5.5 MW of IT load explicitly |
| Investment | ₹125 crore financed | ₹125 crore drawn; up to ₹250 crore contemplated | The higher figure is conditional on milestones and credit approvals |
| Timeline | Two phases | 2.5 MW + 3.0 MW, dates not published | Phase sizes are published. Dates are not |
This is a small correction with a large practical consequence. A project under construction has a procurement schedule. A project that has raised debt against land it is about to buy has an option.
Gridvik publishes these corrections in full because a registry that quietly upgrades announced projects into construction sites is worse than no registry.
6Specifications that do not exist
This section exists because it is the clearest illustration of why Gridvik is worth paying for, and it involves no one in this deal.
Within days of the September 2026 financing announcement, at least one aggregator published a detailed technical write-up of this facility. The company has never published any of the following:
| Claim | What the company actually said |
|---|---|
| 12 MW of total IT load | 5.5 MW of IT load |
| Phase 1 of 4 MW ready in Q3 2027 | Phase I of about 2.5 MW, no date given |
| Up to 80 kW per rack, liquid-cooling ready | 5 kW average design density |
| Designed PUE of 1.28 or below | No PUE has ever been published |
| A dedicated 33/11 kV on-site substation with LFP battery storage | No substation, voltage or battery specification has been published |
| Credit-grade institutional infrastructure financiers | Syndicate Finance, which declined to comment |
Every line above is plausible. That is the problem. A supplier who scopes a liquid-cooled, 80 kW-per-rack, 12 MW facility against a 5 kW colocation building has wasted a quarter and damaged its credibility with the buyer.
Gridvik exists because this material is now generated faster than it can be checked. The specification above is the company's own, and the company is the only party that has published it.
7Timeline
- Syndicate Finance extends a ₹50 crore secured facility to Avisirah Technologies.
- Avisirah announces a further ₹75 crore facility from Syndicate Finance, taking the aggregate to ₹125 crore, and discloses the facility specification publicly for the first time: 5.5 MW of IT load, about 1,100 racks at 5 kW average design density, two phases of 2.5 and 3.0 MW on a shared parcel with a shared power and cooling backbone.
- The company states a contemplated further programme of up to ₹125 crore during 2027 and 2028, subject to milestones and credit approvals, for a total of up to ₹250 crore.
- Land acquisition remains a stated use of proceeds. No purchase, allotment, power sanction, design, contractor or construction is on the public record.
- The contemplated further financing window. No construction or commissioning date has been published
8Procurement
Rows with a lock are the paid layer.
9Assumptions and method
10Limits and open questions
11Sources
This record was compiled entirely from publicly available sources, cross-checked against one another.
Avisirah Technologies announcement·Syndicate Finance statement·Press Trust of India·The Wire·The Tribune·Hindustan Times·LiveMint·Business Standard·Economic Times·Times of India·Prop News Time
Gridvik does not publish source URLs on record pages; citations are retained in the internal source register and are available on request.
A facility record with a published specification, a corrected status and a section on the specifications that circulate but were never published.
Corrections are free and published with a date.