Blackstone is leading a consortium investing up to $600m in Indian AI cloud infrastructure platform Neysa.

The equity investment will be paired with an additional $600m of planned debt financing, creating a potential $1.2bn capital package to scale GPU infrastructure across the country. Neysa intends to deploy more than 20,000 graphics processing units to support AI training and high-performance applications for enterprise and public sector clients.

“This investment positions Neysa to play a meaningful role in advancing AI infrastructure in India and enables businesses and public institutions to deploy AI technologies more effectively,” said Ganesh Mani, Senior Managing Director at Blackstone’s private equity business.

Founded in 2023, Neysa provides GPU-based AI infrastructure to clients in financial services, technology, healthcare, and government. Blackstone will partner with co-founder and Chief Executive Officer Sharad Sanghi to accelerate expansion.

The investor group also includes Teachers’ Venture Growth, TVS Capital, 360 ONE, and Nexus Venture Partners.

For Blackstone, the transaction reinforces its conviction in AI-linked digital infrastructure. The firm has built global exposure to the sector through investments in QTS, AirTrunk, CoreWeave, and Firmus. The Neysa deal extends that strategy into India, where policymakers are actively positioning the country as a global AI development hub.

As AI adoption accelerates, private equity is increasingly underwriting not only application-layer companies but also the core compute infrastructure required to power next-generation models. Blackstone’s $600m commitment signals that India’s AI backbone is becoming a scalable institutional investment theme.

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