Princeton Digital Group (PDG) has raised over US$1.2 billion in financing to scale up its AI-ready data centre infrastructure across Asia, as demand for artificial intelligence and cloud services accelerates across the region.
The financing package includes US$800 million in project financing dedicated to expanding PDG’s data centre campuses in Mumbai, Langfang, and Tokyo. A further US$400 million was raised through a holding company loan backed by a consortium of global lenders, including Barclays, BNP Paribas and Deutsche Bank.
The capital injection comes at a critical time, with enterprises and governments across Asia stepping up investments in AI and digital transformation. PDG’s focus on high-performance, sustainable infrastructure positions it to meet the surging need for data processing power.
“This financing milestone reflects the confidence capital providers have in PDG’s vision and execution capabilities,” said Rangu Salgame, Chairman, CEO and Co-founder of PDG. “Our ability to secure project and Holdco financing is underpinned by our strong balance sheet, diversified portfolio, and commitment to meeting the evolving needs of our customers in the AI era.”
The company’s campuses are strategically sited in key markets with deep connectivity and demand growth. Its facilities are designed for high-density AI workloads while maintaining energy efficiency, aligning with broader sustainability goals.
Founded in 2017, Singapore-headquartered PDG has rapidly grown into one of Asia’s leading data centre operators, with a presence in major economies including China, India, Japan and Indonesia. The company is backed by global investors such as Warburg Pincus and Ontario Teachers’ Pension Plan.
With the latest round of funding, PDG is expected to ramp up construction and operational rollouts, reinforcing its role in supporting Asia’s digital economy.
