Ctrl S Data Centres, the Hyderabad-based data centre and IT infrastructure management services provider, is set to raise Rs 700 crore to fund its expansion plans. These plans include the ramp-up of the existing Hyderabad data centre and new ones in Mumbai, Delhi, Chennai and Bangalore. The company expects to have more than 1,000 employees in the next five years. In the proposed investment plan, about Rs 250 crore will be equity while the rest, debt component. The funding requirement would be closed within four to six weeks from now. The company is presently in talks with private equity companies and expects to announce closure of the deal shortly. Ctrl S Data Centers is a data centre firm with robust business model. Data centres house computer systems and associated components, such as telecommunications and storage systems. The firm is promoted by Rs 500-crore Pioneer Group along with IDBI and Och-Ziff, a New York-based global Top 5 hedge fund.