Temasek Holdings Plans on Office in India
The press release states, “Temasek Holdings (Temasek) is expanding its focus on India and will be opening an office in Mumbai, India. This move reflects Temasek’s optimism in the potential of the Indian market, as well as Temasek’s commitment to participating in and contributing to the growth and success of India, at a time when the Indian economy is at a point of inflexion.
Leading the team in India would be Mr Manish Kejriwal, who is joining Temasek as its Managing Director, India. Mr Kejriwal will be responsible for overseeing Temasek’s interests in India. Mr Kejriwal will be supported in India by Mr Ravi Krishnasamy, currently a Director of Investments at Temasek.
In India, Temasek is open to evaluating opportunities in multiple sectors and at different stages, but the focus will mainly be on making direct investments into companies with good growth potential. In addition, Temasek will work with the Temasek-Linked Companies (TLCs) to identify investment opportunities in India.
As an indication of Temasek’s interest in India, it has made a few investments in India recently. Temasek has invested a 5.2% stake in ICICI Bank, and has set up the US$100 million Merlion India Fund which aims to invest in promising mid-to-late stage Indian companies.
Mr. Kejriwal joins Temasek from McKinsey & Company, Inc. where he is a Partner. He is the hub leader for McKinsey’s corporate finance & strategy practice in India, and was responsible for all merger & acquisition engagements for both Indian and international companies looking at entering the Indian market. He is also the co-leader of McKinsey’s business process outsourcing & offshoring practice in India and is in the global leadership team of the private equity practice. Mr Kejriwal has previously been based in New York and Cleveland.”
Read more: Press Release
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