Temasek hits $16 billion in exposure to India despite the market slump

According to senior executives, Temasek Holdings continues to increase its investments in technology companies and publicly traded companies, which helped India’s exposure to the Singapore state investor reach a record $16 billion in the most recent fiscal year, despite a broader market downturn.

According to Vishesh Shrivastav, managing director, Investment (India) for Temasek, the company’s overall portfolio in India has nearly doubled over the past five years. Its exposure to India increased from $9 billion in FY20 to $14 billion in FY21. In FY19, the amount was $11 billion, compared to FY18’s $10 billion and FY17’s $9 billion.

Temasek said earlier this week that in FY22, its net portfolio value reached a new height of S$403 billion ($297 billion) internationally, an increase of S$22 billion from the year before. The company has exposure to India through a combination of direct investments in private and public enterprises as well as through the Indian subsidiaries of its other international businesses, like DBS and Sembcorp.

However, according to Shrivastav, Temasek’s whole India portfolio expanded “very strongly” and “beat the index” in FY22. He said nothing further. “In general, the India portfolio has performed well for us,” also according to Shrivastav, the company is “long-term optimistic in India.”

Temasek’s support for India comes at a time when the world has become more cautious due to worries about a US recession. However, given that its economy is more centred on domestic consumption, India is anticipated to be more resilient, although there may be some spillover effects in sectors with an external focus, according to Mohit Bhandari, managing director of Investments (India) at Temasek. Temasek typically invests $1 billion in India annually, but Bhandari noted that last year’s contribution was “far greater.” Additionally, the company is noticing more chances to merge some of the businesses in its portfolio.

Temasek seems to be a fascinating startup with motivating advancement on investment management platform. This startup would undoubtedly continue to prosper in the years to come. Wishing this startup good luck in all its future endeavors.

Shishir Gupta, Founder and CEO, StartupLanes

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