Temasek hits $50 billion milestone in India—eyes bigger, more concentrated bets
Mumbai
: Singapore state investor, with his portfolio in India, reached $ 50 billion under management, Temasek Holdings will make intense and larger bets in India, he said.
In an interview with Mint, the company’s use of capital this year, this year an average of $ 3 billion of $ 3 billion an average of $ 3 billion and President India will protect the president of India for contact, he said. Last year, Temasek put 3 billion dollars to work in public and private markets in India.
In 2023, contact, he said he expected to invest about $ 10 billion in India for three years.
Lambah, “the investment threshold on the board of directors increased,” he said. TEMASEK added that the firm is in favor of greater, more concentrated bets that will help the company better manage its growing portfolio.
Investment company also has increased opportunities to support family businesses in which it has found its power and sweet point in recent years.
Last year, TEMASEK, Agarwal Family supported Haldiram Food International Pvt. Approximately $ 2 billion for the majority control of Manipal Health enterprises operated by the LTD and PAI family.
Contact, the investment-sized dessert place is waiting to continue to make similar larger bets such as 200-250 million dollars. Lambah said, “However, an investment of $ 50 million will be a great exception, because we have no capacity to manage such a large portfolio.”
TEmesek, a state -sponsored investment company, has a lower capital cost of private capital peers than most and provides an advantage for paying the best dollar for companies that it believes will come together in the long run.
“Our capital cost is not too low compared to others. After saying this, we will pay more for a strong thesis and a clear way to see that it has come together well for us.” He said.
This may mean that in the technology and digital sector, TEMASEK can skip B or C series investment tours and then select Stage D -series and E series investment tours.
A sweet running
He achieved a mixed success with his first bets in India with some portfolio companies that faced growth titles such as TEMASEK, Unacademy and FI money. In addition, India has no opportunity to attract an investor like a contact.
“There is an early technology team (Singapore and the West coast) that focuses on the field of technology and artificial intelligence. These opportunities we have not yet seen in India (Deep Technology).
However, this year, the investor has increased from $ 37 billion to $ 50 billion last year with its Indian portfolio. This is the result of the underlying portfolio growth and new capital.
“You will see that we put more capital in the companies where we see compound returns for a long time,” he said.
Lambah said India, as well as TEMASEK, the United States, Singapore and China has made a large extent investing and recently began to be exposed to Japan, he said.
India is going through a positive macro situation for a continuous time, which provides a positive certainty. Capital markets are also more efficient and deepening.
“All this creates a more business -friendly environment as a result of politics, execution and surveillance, Lam Lambah said.
The deepening of the public markets allowed TEMASEK to make a reservation for snow. Last year, the investment company has disposed of about $ 1 billion, including its shares in O2 Power, a joint venture with EQT.
