GIC, the Singapore government investment fund, has invested in Indian public and private markets since the early 1990s. It opened a Mumbai office in 2011 and is an active investor in Indian real estate and infrastructure.
Ownership and structure
GIC invests in Indian public and private markets directly from Singapore and through joint ventures and minority stakes, supported by a Mumbai office announced in 2011.
What India does for GIC
India is a long standing market for GIC's public equity, private equity, real estate and infrastructure investments.
GIC's India business
GIC has invested in Indian public and private markets since the early 1990s. It announced its Mumbai office in March 2011, its eighth overseas office.
It acquired a significant minority stake in Provenance Land in 2018. GIC invested alongside TPG Rise Climate in Aseem Infrastructure Finance.
Key moves in India
- 2011: Announced its Mumbai office in March, its eighth overseas office.
- 2018: Agreed in August to acquire a significant minority stake in Provenance Land, developer of a mixed use project in Worli, Mumbai.
- 2023: Formed an equal partnership with Brookfield India REIT to acquire two office assets with a combined enterprise value of about US$1.4 billion.
- 2026: Joined TPG Rise Climate and ICICI Bank in agreeing to acquire Aseem Infrastructure Finance.
Where it operates
GIC runs its India business from Mumbai.
At a glance
- Home country: Singapore
- Global headquarters: Singapore
- Sector: Private Equity & Investments
- Business: Sovereign fund
- Role of India: Investment portfolio
- India head office: Mumbai
- India offices: Mumbai
- India headcount: Not available
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