Yotta Data Files for $463M Nasdaq IPO

12 Feb 2025 CW Team

Yotta Data Services, a data center and cloud computing firm backed by the Hiranandani Group, has filed for a $463 million listing on the Nasdaq, according to its submission to the US Securities and Exchange Commission (SEC).

The filing was made on December 30 through Yotta’s holding entity, Nidar Infrastructure. In June 2023, Nidar merged with Cartica Acquisition Corp., a special purpose acquisition company (SPAC), valuing Yotta at $4.2 billion. Post-listing, Yotta’s shareholders will retain 82.6% ownership, assuming a 14% redemption of Cartica’s public shares.

Yotta, which operates data centers in Mumbai, Greater Noida, GIFT City, Pune, Chennai, and Dhaka, plans to use the IPO proceeds for capital expenditure, primarily to expand its GPU infrastructure. The company has already deployed 4,096 Nvidia H100 GPUs, with 1,752 currently in use for clients in pharmaceuticals and AI. It expects to receive 8,192 GPUs by year-end and plans to order an additional 16,384 GPUs in 2024.

Yotta’s AI services business is its fastest-growing segment, driven by strong demand for GPUs, particularly from Western markets.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..