Fairfax India Holdings Corporation

Overview

Fairfax India Holdings Corporation is an investment holding company that aims to achieve long-term capital appreciation while preserving capital by investing in public and private equity securities and debt instruments in India and Indian businesses. The company was founded in 2014 and is headquartered in Toronto, Ontario, Canada. Its common shares are listed on the Toronto Stock Exchange under the symbol 'FIH.U'. The company's investment strategy focuses on long-term value creation through a flexible and value-oriented approach, underpinned by guiding principles of integrity, transparency, and responsiveness. Fairfax India's permanent capital base enables it to execute a unique set of transactions, taking a very long-term view combined with the ability to execute highly flexible and creative deal structures. The company is managed by Hamblin Watsa Investment Counsel Ltd., a wholly owned subsidiary of Fairfax Financial Holdings Limited. As of September 12, 2025, Fairfax India announced the sale of its 51% equity interest in Saurashtra Freight Private Limited to Kamigumi Co., Ltd., a Japanese logistics company, for approximately $75 million. This transaction is expected to close in the fourth quarter of 2025. The sale marks the end of an eight-year partnership with Saurashtra, which has been a successful investment for Fairfax India, contributing significantly to the company's market share in the container freight stations business at Mundra Port. The sale is anticipated to impact Fairfax India's investment portfolio and its strategic positioning in the Indian market. In June 2024, Fairfax India sold a 9.7% stake in CSB Bank for approximately $70.7 million to comply with regulatory norms. After the sale, Fairfax India's stake in CSB Bank was reduced to 40% from 49.72% at the end of March 2024. The company continues to focus on investments in public and private equity securities and debt instruments in India and Indian businesses, aiming to achieve long-term capital appreciation while preserving capital. In June 2024, Prem Watsa, the founder and CEO of Fairfax Financial Holdings Limited, stepped down as the chairman of Fairfax India Holdings Corporation, effective July 1, 2024. He was succeeded by his son, Benjamin Watsa, who became the new chairman, while Prem Watsa continued to serve on the board as a director. Gopalakrishnan Soundarajan was appointed as the new CEO, replacing Chandran Ratnaswami, who transitioned to the role of executive vice chairman. These leadership changes reflect Fairfax India's commitment to strong governance and strategic direction in its investment activities. Fairfax India Holdings Corporation remains dedicated to its mission of achieving long-term capital appreciation through strategic investments in India, leveraging its experienced management team and flexible investment approach to navigate the dynamic Indian market.

Investment Focus

• Long-term capital appreciation
• Preservation of capital
• Investments in public and private equity securities and debt instruments in India and Indian businesses

Portfolio Companies