In a strategic shift, Niranjan Hiranandani, the founder of the Hiranandani Group, has appointed his son, Darshan Hiranandani, as the successor to lead the family’s multi-billion-dollar real estate empire. Darshan Hiranandani, who holds a master’s degree in entrepreneurship and finance from the Rochester Institute of Technology, currently heads the group’s operations in Dubai and leads H-Energy, a subsidiary focused on the energy sector. At 36, he has now been appointed the group’s CEO, with his father indicating that he will remain closely involved in the business for the foreseeable future.
The Hiranandani Group, renowned for its residential, commercial, and industrial developments, also unveiled a major new venture in the technology sector. The family business has expanded into the data center industry, launching Yotta Infrastructure.
This new division will be responsible for creating and managing large-scale data centers, with the first facility set to open in Panvel, Navi Mumbai, followed by another in Chennai. Yotta aims to offer cutting-edge data storage solutions to meet the growing demand for digital infrastructure in India.
Niranjan Hiranandani, who is estimated to have a personal fortune of Rs 7,880 crore, revealed that the group’s growth over the last five years has been remarkable, equaling the achievements of the previous 25 years combined. The group now controls over 1800 acres of land across India, and some of this will be leveraged for their data center expansion. The Hiranandani family believes that India's position as the largest consumer of data globally presents a huge opportunity for Yotta to offer the most affordable and efficient data storage services in the world.
Yotta Infrastructure, led by experienced industry veteran Sunil Gupta, will focus on serving a wide range of clients, including major OTT providers like Google, AWS, Microsoft, and Netflix. With plans for data centers that cover 50 acres of land, Yotta’s facilities will include space for over 60,000 racks and up to 500 MW of power. The new business will cater to global and domestic companies in industries ranging from media to AI and IoT, with an emphasis on providing advanced cloud and data services at competitive prices.
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