Temasek is the Singapore state investor and ranks India among its top three global markets. Its Indian exposure passed $50 billion in 2025, with holdings in Manipal Hospitals, Haldiram Foods and consumer internet companies.
Ownership and structure
Temasek invests in India from Singapore through direct stakes, joint ventures and affiliated platforms, advised by Temasek Holdings Advisors India Pvt. Ltd. with offices in Mumbai and Chennai. It holds a majority stake in Manipal Health Enterprises.
What India does for Temasek
India is one of Temasek's top three global investment destinations, spanning financial services, consumer, technology, healthcare and sustainability.
Investment and deals
Temasek's India exposure exceeded US$50 billion as of March 2025, up from US$37 billion a year earlier, and it plans to invest about US$3 billion to US$4 billion a year in India.
Temasek's India business
Temasek's India exposure exceeded $50 billion as of March 2025, up from $37 billion a year earlier. It plans to invest about $3 billion to $4 billion a year in India.
In 2025 it bought a 10 percent stake in Haldiram Foods for about $1 billion. It holds a majority stake in Manipal Health Enterprises.
Key moves in India
- 2004: Opened its Mumbai office, its first active investment office outside Singapore, while holding a 5.2 percent stake in ICICI Bank.
- 2009: Opened a branch office in Chennai to expand into South India.
- 2020: Formed Schneider Electric India with Schneider Electric to acquire the electrical and automation business of Larsen and Toubro.
- 2024: Its India exposure reached US$37 billion as of March.
- 2025: Its India exposure passed US$50 billion as of March.
- 2025: Bought a 10 percent stake in Haldiram Foods for about US$1 billion.
Where it operates
Temasek runs its India business from Mumbai. It also has a presence in Chennai.
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, Chennai
- India headcount: Not available
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