Avisirah Technologies Raises Rs.75 Crore from Syndicate Finance for Navi Mumbai AI Data Centre

Avisirah Technologies Raises Rs.75 Crore from Syndicate Finance for Navi Mumbai AI Data Centre. Avisirah Technologies Private Limited ("Avisirah Technologies") has raised a ₹75 crore loan facility from Syndicate Finance to fund the development of its proposed data centre and high-performance ... Disclaimer: No Business Standard Journalist was involved in creation of this content Don't miss the most important news and views of the day. Get them on our Telegram channel First Published: Sep 11 2026 | 4:00 PM IST Earlier report (2026-09-12 02:06): Avisirah Technologies Private Limited has finalized a ₹ 75 crore loan facility from Syndicate Finance to fund the development of its proposed data centre and high-performance computing infrastructure in Navi Mumbai. The latest financing builds on earlier support from Syndicate Finance, which extended a ₹ 50 crore secured loan to the company in May 2025. The aggregate financing extended by Syndicate Finance to Avisirah Technologies now totals ₹ 125 crore. The ₹ 75 crore facility has been extended following Syndicate Finance's due-diligence and credit appraisal process, which evaluated the project, proposed deployment of funds, and information submitted by the company. Avisirah Technologies also plans to raise an additional ₹ 125 crore during 2027-28, subject to project milestones and credit approvals. If completed as planned, the financing could support up to ₹ 250 crore in funding for the data centre development programme. The data centre, a greenfield facility in the Navi Mumbai belt, will be developed in two phases and deliver approximately 5.5 MW of IT load. The facility is being developed to provide high-performance computing capacity to meet growing demand for Artificial Intelligence, cloud computing, and data-intensive applications. According to Mr. Suresh Gurav, Director of Avisirah Technologies, 'AI is fundamentally changing the scale and nature of computing infrastructure required by businesses.' The ₹ 75 crore financing will primarily be used to progress land acquisition, infrastructure development, equipment procurement, and working capital requirements for the project.