diff --git a/examples/fabric/tensor_parallel/train.py b/examples/fabric/tensor_parallel/train.py
index 1435e5c2003e1..4a98f12cf6168 100644
--- a/examples/fabric/tensor_parallel/train.py
+++ b/examples/fabric/tensor_parallel/train.py
@@ -1,14 +1,13 @@
 import lightning as L
 import torch
 import torch.nn.functional as F
+from data import RandomTokenDataset
 from lightning.fabric.strategies import ModelParallelStrategy
 from model import ModelArgs, Transformer
 from parallelism import parallelize
 from torch.distributed.tensor.parallel import loss_parallel
 from torch.utils.data import DataLoader
 
-from data import RandomTokenDataset
-
 
 def train():
     strategy = ModelParallelStrategy(
diff --git a/examples/pytorch/tensor_parallel/train.py b/examples/pytorch/tensor_parallel/train.py
index 37c620f4582f0..6a91e1242e4af 100644
--- a/examples/pytorch/tensor_parallel/train.py
+++ b/examples/pytorch/tensor_parallel/train.py
@@ -1,14 +1,13 @@
 import lightning as L
 import torch
 import torch.nn.functional as F
+from data import RandomTokenDataset
 from lightning.pytorch.strategies import ModelParallelStrategy
 from model import ModelArgs, Transformer
 from parallelism import parallelize
 from torch.distributed.tensor.parallel import loss_parallel
 from torch.utils.data import DataLoader
 
-from data import RandomTokenDataset
-
 
 class Llama3(L.LightningModule):
     def __init__(self):
diff --git a/src/lightning/fabric/strategies/deepspeed.py b/src/lightning/fabric/strategies/deepspeed.py
index 03d90cd5df057..1e94fa1166f93 100644
--- a/src/lightning/fabric/strategies/deepspeed.py
+++ b/src/lightning/fabric/strategies/deepspeed.py
@@ -18,6 +18,7 @@
 import platform
 from collections.abc import Mapping
 from contextlib import AbstractContextManager, ExitStack
+from datetime import timedelta
 from itertools import chain
 from pathlib import Path
 from typing import TYPE_CHECKING, Any, Callable, Optional, Union
@@ -29,6 +30,7 @@
 from typing_extensions import override
 
 from lightning.fabric.accelerators import Accelerator, CUDAAccelerator
+from lightning.fabric.plugins.collectives.torch_collective import default_pg_timeout
 from lightning.fabric.plugins.environments.cluster_environment import ClusterEnvironment
 from lightning.fabric.plugins.precision import Precision
 from lightning.fabric.strategies.ddp import DDPStrategy
@@ -97,6 +99,7 @@ def __init__(
         load_full_weights: bool = False,
         precision: Optional[Precision] = None,
         process_group_backend: Optional[str] = None,
+        timeout: Optional[timedelta] = default_pg_timeout,
     ) -> None:
         """Provides capabilities to run training using the DeepSpeed library, with training optimizations for large
         billion parameter models. `For more information: https://pytorch-
@@ -241,6 +244,7 @@ def __init__(
             process_group_backend=process_group_backend,
         )
         self._backward_sync_control = None  # DeepSpeed handles gradient accumulation internally
+        self._timeout: Optional[timedelta] = timeout
 
         self.config = self._load_config(config)
         if self.config is None:
@@ -648,7 +652,9 @@ def _init_deepspeed_distributed(self) -> None:
                 f"MEMBER: {self.global_rank + 1}/{self.world_size}"
             )
         self._process_group_backend = self._get_process_group_backend()
-        deepspeed.init_distributed(self._process_group_backend, distributed_port=self.cluster_environment.main_port)
+        deepspeed.init_distributed(
+            self._process_group_backend, distributed_port=self.cluster_environment.main_port, timeout=self._timeout
+        )
 
     def _set_node_environment_variables(self) -> None:
         assert self.cluster_environment is not None
diff --git a/src/lightning/pytorch/strategies/deepspeed.py b/src/lightning/pytorch/strategies/deepspeed.py
index 4fa771114768d..e17377d4464b0 100644
--- a/src/lightning/pytorch/strategies/deepspeed.py
+++ b/src/lightning/pytorch/strategies/deepspeed.py
@@ -19,6 +19,7 @@
 from collections import OrderedDict
 from collections.abc import Generator, Mapping
 from contextlib import contextmanager
+from datetime import timedelta
 from pathlib import Path
 from typing import TYPE_CHECKING, Any, Optional, Union
 
@@ -30,6 +31,7 @@
 
 import lightning.pytorch as pl
 from lightning.fabric.plugins import ClusterEnvironment
+from lightning.fabric.plugins.collectives.torch_collective import default_pg_timeout
 from lightning.fabric.strategies import _StrategyRegistry
 from lightning.fabric.strategies.deepspeed import (
     _DEEPSPEED_AVAILABLE,
@@ -119,6 +121,7 @@ def __init__(
         load_full_weights: bool = False,
         precision_plugin: Optional[Precision] = None,
         process_group_backend: Optional[str] = None,
+        timeout: Optional[timedelta] = default_pg_timeout,
     ) -> None:
         """Provides capabilities to run training using the DeepSpeed library, with training optimizations for large
         billion parameter models. `For more information: https://pytorch-
@@ -264,6 +267,7 @@ def __init__(
             precision_plugin=precision_plugin,
             process_group_backend=process_group_backend,
         )
+        self._timeout: Optional[timedelta] = timeout
 
         self.config = self._load_config(config)
         if self.config is None:
@@ -364,7 +368,9 @@ def _init_deepspeed_distributed(self) -> None:
                 f"MEMBER: {self.global_rank + 1}/{self.world_size}"
             )
         self._process_group_backend = self._get_process_group_backend()
-        deepspeed.init_distributed(self._process_group_backend, distributed_port=self.cluster_environment.main_port)
+        deepspeed.init_distributed(
+            self._process_group_backend, distributed_port=self.cluster_environment.main_port, timeout=self._timeout
+        )
 
     def _set_node_environment_variables(self) -> None:
         assert self.cluster_environment is not None