CtrlS Datacenters appoints IIT-Delhi alumnus Mohit Pande as CFO

CtrlS Datacenters Ltd, a homegrown data centre company, has announced the appointment of technology veteran Mohit Pande as its Chief Financial Officer (CFO). Earlier this month, CtrlS appointed Amazon Web Services (AWS) veteran, Vipin Jain, as President to lead the company's data center operations.

Pande comes with over two decades-year experience in the investment banking industry, and worked at the Deutsche Bank and Jefferies' various leadership positions, both in the US and India. In his new role, he will be leading the finance and corporate development functions at CtrlS and will be responsible for expanding the company’s growth across India and international markets in a profitable and sustainable way.

Headquartered in Hyderabad, CtrlS is a tier 4 data centre is built to be completely fault tolerant and has redundancy for every component. It has an expected uptime of 99.995% (26.3 minutes of downtime annually) and has over 1,800 employees.

Sridhar Pinnapureddy, Chairman, CtrlS Datacenters, said, “We are pleased to welcome Mohit to our leadership team as we look to accelerate the growth of our business with the planned investments of over $2 billion in new datacenters and captive renewable power generation over the next 5 years". 

He added, "We want to keep pursuing our expansion plan, enhance the services we provide to our clients and set the standard for the datacenter industry."

An engineer from Indian Institute of Technology (IIT) Delhi and a business management degree from Wharton University, US, Pande comes with a successful track record of advising Indian and global clients on M&A and IPO transactions and raising finances for high-growth companies.

In September, Jain was roped in to look after and establish a global operational framework, processes, and systems that will lead CtrlS into the next generation of artificial intelligence/machine learning (AI/ML)-ready datacenters.  

“I am very excited to join CtrlS at this critical growth phase of the company to capitalize on the overall digitisation wave in India and the demand for AI/ML-ready datacenters," said Pande.

These appointments come as the company is expanding its operations nationally and globally. The company last month announced its first international expansion in collaboration with the National Telecom Public Company (NT) for a 150-MW data centre campus in Chonburi, Thailand.  

CtrlS is also presently in the process of constructing 30 data centres, with five of them projected to become operational in 2023. CtrlS aims to deploy 500 Edge data centres in tier-2 and tier-3 cities nationwide while concurrently developing a substantial 500-acre solar power facility to ensure sustainable, clean energy for its operations.