Temasek India Eyes Bigger Bets as Portfolio Hits $50 Billion

Singapore state investor plans more concentrated deals to efficiently manage its portfolio

- Sneha Shah & Ranjani Raghavan

Temasek Holdings will make concentrated and larger bets in India, a top executive said as the Singapore state investor hit a record $50 billion in assets under management with its portfolio in India.

The firm is likely to maintain its pace of deploying capital this year, averaging around $3 billion, said Ravi Lambah, head, strategic initiatives and head, India, for Temasek, in an interview with Mint. Last year, Temasek put $3 billion to work in public and private markets in India. In 2023, Temasek had said that it expected to invest around $10 billion in India over three years.

"Threshold for investment across the board has increased," Lambah said. Temasek is in favor of more concentrated and bigger bets that will help manage its growing portfolio better.