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  • 06 Sep 2022


    Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX: FIH.U) announces that it has completed the second closing of its investment in Maxop Engineering Company Private Limited (Maxop). In connection with the second closing, Fairfax India invested INR 1.75 billion ($22.1 million), based on the achievement by Maxop of certain financial-based performance targets, for an additional 16% equity interest in Maxop. As previously announced, in connection with the initial transaction, Fairfax India invested INR 2.22 billion ($29.5 million) for a 51% equity interest in Maxop. Following completion of the second closing, Fairfax India has invested, in aggregate, INR 3.97 billion ($51.6 million) for, in aggregate, a 67% equity interest in Maxop.

  • 31 Mar 2022


    Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX: FIH.U) announces that its whollyowned subsidiary, FIH Mauritius Investments Ltd., has entered into an agreement to sell 9.8% of its shareholding in IIFL Wealth Management Limited (IIFL Wealth) to Bain Capital for INR14.49 billion (approximately $190.8 million at current exchange rates). As a result of the sale of 9.8% of our shares in IIFL Wealth, the Company expects to record a realized gain of approximately $65 million. The transaction is subject to customary closing conditions and approvals and is expected to close in the third quarter of 2022. Upon completion of the transaction, Fairfax India's share ownership in IIFL Wealth will be approximately 3.8%.

  • 11 Feb 2022


    Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX: FIH.U) announces that, through its wholly-owned subsidiary, it has completed its investment of INR 2.45 billion (approximately $33 million at current exchange rates) for a 70% equity interest in Jaynix Engineering Private Limited (Jaynix).

  • 26 Jan 2022


    Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX: FIH.U) announces that, through its wholly-owned subsidiary, it has entered into an agreement to invest INR 2.45 billion (approximately $33 million at current exchange rates) for a 70% equity interest in Jaynix Engineering Private Limited (Jaynix). The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022.

  • 30 Nov 2021


    In connection with the initial closing, Fairfax India invested INR 2.22 billion (approximately $30 million at current exchange rates) for a 51% equity interest in Maxop. In the second transaction, Fairfax India will invest up to INR 2.66 billion (approximately $35 million at current exchange rates), such amount to be determined based on the achievement by Maxop of certain financial-based performance targets, for an additional 16% equity interest in Maxop. The second transaction is expected to close in the second half of 2022 and is subject to customary closing conditions.

  • 16 Sep 2021


    Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX: FIH.U) announces that it has completed its previously announced sale of approximately 11.5% (on a fully-diluted basis) of its interest in Anchorage Infrastructure Investments Holdings Limited (Anchorage) for gross proceeds of INR 9.5 billion (approximately $129 million at current exchange rates).

  • 16 Sep 2021


    Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX: FIH.U) announces that it has entered into an agreement to invest, in aggregate, up to INR 4.88 billion (approximately $66 million at current exchange rates) for a 67% equity interest in Maxop Engineering Company Private Limited (Maxop) in two transactions.

  • 07 Sep 2021


    Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX: FIH.U) announces that it has received all regulatory approvals required to complete the previously announced transaction to sell approximately 11.5% (on a fully-diluted basis) of its interest in Anchorage Infrastructure Investments Holdings Limited (Anchorage) for gross proceeds of approximately INR 9.5 billion (approximately $129 million at current exchange rates). The Company intends to close the transaction as soon as practicable.

  • 05 August 2021


    Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX:FIH.U) announces that Chemplast Sanmar Limited (CSL), a subsidiary of Sanmar Chemicals Group (Sanmar) has filed a red herring prospectus with the Registrar of Companies in connection with its initial public offering (the IPO).

  • 15 June 2021


    Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX: FIH.U) announces that its Board of Directors has authorized, and the Company has formally commenced, a substantial issuer bid (the Offer), pursuant to which the Company will offer to repurchase for cancellation up to US$105 million of its subordinate voting shares (the Shares) from shareholders for cash.

  • 03 May 2021


    Fairfax India Holdings Corporation (Fairfax India) (TSX: FIH.U) announces that Chemplast Sanmar Limited (CSL), a subsidiary of Sanmar Chemicals Group (Sanmar), has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) in connection with its proposed initial public offering (the IPO).

  • 28 Apr 2021


    Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces, together with the Fairfax India Charitable Trust and Fairfax India Holdings Corporation, a commitment of US$5 million (approximately INR 37 crore) to fund initiatives to assist India with the recent surge in COVID-19 cases and the urgent needs created thereby.

  • 22 Apr 2021


    Fairfax India Holdings Corporation (Fairfax India) (TSX: FIH.U) announces that it has entered into an agreement to sell its 48.8% shareholding in Privi Speciality Chemicals Limited (Privi) to certain entities affiliated with Mahesh P Babani (Mahesh) and D B Rao for INR 12.2 billion (approximately $163 million at current exchange rates). The transaction is subject to customary closing conditions and approvals and is expected to close in the second quarter of 2021.

  • 24 Feb 2021


    Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX: FIH.U) announces that it has priced a private offering of US$500,000,000 of senior notes due 2028 (the Notes) at an issue price of 100%. The Notes will be unsecured obligations of Fairfax India and will pay a fixed rate of interest of 5.000% per annum.Fairfax India intends to use the net proceeds from this offering to repay most of the indebtedness currently outstanding under its secured term loan facility. The offering is expected to close on or about February 26, 2021, subject to the satisfaction of customary conditions.

  • 16 Feb 2021


    Fairfax India Holdings Corporation (Fairfax India) (TSX: FIH.U) announces that Seven Islands Shipping Limited (Seven Islands) has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in connection with an initial public offering (the IPO). Fairfax India currently owns 27,777,650 equity shares of Seven Islands, representing a 48.5% equity interest in Seven Islands (on a fully-diluted basis).

  • 20 Apr 2020


    Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U), recognizing the unprecedented widespread economic suffering from the COVID-19 pandemic, is donating US$1 million to the Prime Ministers Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) to aid the Indian Government in providing assistance to its citizens in connection with the COVID-19 pandemic. The donation will be made to the PM CARES Fund on behalf of the Fairfax group of companies, including Fairfax India Holdings Corporation, through Fairfaxs Indian affiliate Fairbridge Capital Private Limited.

  • 23 Dec 2019


    Fairfax India Holdings Corporation announces that it has completed its previously announced transaction with Sanmar Chemicals Group (Sanmar).As part of the transaction, Sanmar purchased $300 million (approximately INR 19.9 billion) principal amount of Sanmar bonds held by Fairfax India, plus accrued interest at an effective annual interest rate of 13.0%, for net cash consideration of approximately $425 million (approximately INR 30.2 billion).

  • 16 Dec 2019


    Fairfax India Holdings Corporation announces that it has entered into an agreement to sell an interest in Anchorage Infrastructure Investments Holdings Limited (Anchorage) of approximately 11.5% on a fully-diluted basis for gross proceeds of approximately INR 9.5 billion (approximately $134 million at current exchange rates).

  • 04 Dec 2019


    CSB Bank IPO was subscribed a whopping 87 times. The IPO was open between November 22 and November 26.

  • 26 Nov 2019
  • 30 Aug 2019


    Fairfax Financial Holdings Limited(Fairfax)(TSX: FFH and FFH.U),together with Bangalore International Airport Limited (BIAL), is donating an aggregate of US$1 million to aid relief operations in connection with the recent devastating floods in Karnataka, India.

  • 12 Aug 2019


    Fairfax India Holdings Corporation (Fairfax India) (TSX: FIH.U) announces that CSB Bank Limited (CSB Bank, formerly known as The Catholic Syrian Bank Limited) has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in connection with an initial public offering (the IPO).

  • 29 Mar 2019


    Fairfax India Holdings Corporation (Fairfax India) (TSX: FIH.U) announces that it has invested approximately INR 5.0 billion (approximately $72.1 million at current exchange rates) in Seven Islands Shipping Limited (Seven Islands). The investment was completed through a direct subscription and secondary acquisition of Seven Islands shares. Following completion of the various transactions, Fairfax India owns 41.4% of Seven Islands.

  • 19 Oct 2018


    Fairfax India Holdings Corporation (Fairfax India) (TSX: FIH.U) announces that it has received all required regulatory approvals and has completed the initial closing of its aggregate INR 12.1 billion (approximately $164.7 million at current exchange rates) investment in The Catholic Syrian Bank Ltd. (CSBL).

  • 17 Sep 2018


    Fairfax India is pleased to announce that it has entered into an agreement with Sanmar pursuant to which Sanmar will settle the $300 million (INR 19.9 billion) of bonds for consideration equal at the date of cancellation to the bonds, principal amount plus an effective annual interest rate of 13.0%, which at March 31, 2019 would be approximately $388 million (approximately INR 28.2 billion) (this and all further U.S. dollar amounts in this release are calculated at current exchange rates).

  • 28 Aug 2018


    Prem Watsa: "The extent of the devastation in Kerala, and the damage to the property and lives of the people of Kerala, is almost beyond comprehension. Fairfax wants to stand among all those individuals and companies who are extending themselves to provide support to the people of Kerala"

  • 21 May 2018


    Prem Watsa: "Harsha has been an outstanding Chief Executive Officer at Fairbridge, and we have been the beneficiaries of his performance skills and his unstinting commitment of time and energy"

  • 06 May 2018


    Prem Watsa: "Siemens are one of the original shareholders of BIAL and have contributed immensely to the development of Kempegowda International Airport into a world class airport that is a gateway to and from India."

  • 29 Mar 2018


    Prem Watsa: "Siemens are one of the original shareholders of BIAL and have contributed immensely to the development of Kempegowda International Airport into a world class airport that is a gateway to and from India."

  • 20 Feb 2018

    Prem Watsa: "Under the able leadership of Mr CVR Rajendran, based in Thrissur, we intend to take Catholic Syrian Bank to great heights through our re-capitalization as well as a long-term orientation towards management."

  • 17 Feb 2018

    The Catholic Syrian Bank Ltd., established in 1920, is a full-service bank offering Neighborhood Banking, Non-Resident Indian Services, Small-to-Medium-Enterprise and Wholesale banking services through 430 branches and 240 ATMs across India. The bank is headquartered in Thrissur, India

  • 31 Jan 2018

    Ajit Isaac: "We are excited to announce two major acquisitions: Monster's businesses across India, SE Asia & the Middle East, and the Care Business of HCL Services."

  • 14 Dec 2017

    Promoted by Ajit Isaac and Thomas Cook (India), the company was set up in 2007 which offers comprehensive solutions, including recruitment, temporary and technology staffing, and IT products and solutions, among others.

  • 08 Dec 2017


    Ramesh Ramanathan: "Sterling Holiday Resorts, a leading hospitality company, is planning to double its capacity in 4-5 years by opening resorts in new locations. This will help the company to triple its revenues."

  • 07 Dec 2017


    Fairfax India is an investment holding company whose objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India.

  • 22 Nov 2017


    Madhavan Menon: "Our aim is to retire our long term debt and improve profitability; simultaneously increase our cash reserves, enabling us to effectively leverage opportune investments as and when they arise."

  • 20 Nov 2017


    Ajit Isaac: "We are excited about our partnership with the Tata Group. This investment marks a significant milestone for Quess in its journey to build a world class business services platform. "

  • 25 Sep 2017


    Madhavan Menon: "Our acquisition of Tata Capital's Forex and travel companies serves to further strengthen the Thomas Cook India BSE 4.00 % Group's leadership position in the travel and foreign exchange sector in the country."

  • 13 Jul 2017


    Prem Watsa: "We have great admiration for GVK, led by Dr. GVK Reddy and G V Sanjay Reddy, and the outstanding work that they have done to develop Kempegowda International Airport into a first-class airport."

  • 11 Jul 2017


    Fairfax India is an investment holding company whose objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India."

  • 29 Jun 2017


    Madhavan Menon: "This acquisition of a significant part of Kuoni's Global Destination Management network represents an important milestone for a rapidly growing Thomas Cook India Group, as we deliver on our stated strategy of rapid expansion in the Asia Pacific region."

  • 02 Jun 2017


    Prem Watsa: "We have great admiration for GVK, led by Dr. GVK Reddy and G V Sanjay Reddy, and the outstanding work that they have done to develop Kempegowda International Airport into a first-class airport."

  • 04 May 2017


    Prem Watsa: "The Fairfax Foundation has been set up primarily to focus on supporting the worthy cause of creating an increased and affordable dialysis access programme."

  • 28 Apr 2017


    Madhavan Menon: "This acquisition is a strong reiteration that the Thomas Cook India Group continues to invest and grow its travel businesses globally with a view to creating strong value for its customers."

  • 24 Mar 2017


    Prem Watsa: "This is a partnership between Fairfax and GVK. Going forward, we will work closely with all stakeholders to manage our stake in BIAL and will support G V Sanjay Reddy to continue to lead the management team as Managing Director (MD) of BIAL."

  • 14 Feb 2017


    Prem Watsa: "We have had an excellent experience with the ease of doing business in Gujarat and are extremely excited to announce our second investment in the state."

  • 16 Jan 2017


    Prem Watsa: "We have had an excellent experience with the ease of doing business in Gujarat and are extremely excited to announce our second investment in the state."

  • 13 Jan 2017


    Fairfax India intends to use the net proceeds of the Offerings to acquire additional Indian Investments and for general corporate purposes, including the repayment of indebtedness

  • 14 Dec 2016


    Fairfax India intends to use the net proceeds of the Offerings to acquire additional Indian Investments and for general corporate purposes, including the repayment of indebtedness

  • 03 Oct 2016


    Prem Watsa: "We look forward to our partnership with this distinguished South India group which, in addition to its technical and business expertise, is well known for its integrity and corporate social responsibility."

  • 16 Sep 2016


    Fairfax India is an investment holding company which invests in public and private equity securities and debt instruments in India.

  • 26 Aug 2016


    Prem Watsa: "Mahesh Babani, D.B. Rao and their experienced management team have done a commendable job in building Privi Organics into a global leader in their product segments and will continue to grow its operations independently under their leadership."

  • 12 Jul 2016


    Prem Watsa: "Mahesh Babani, D.B. Rao and their experienced management team have done a commendable job in building Privi Organics into a global leader in their product segments and will continue to grow its operations independently under their leadership."

  • 12 Jul 2016

    Promoted by Ajit Isaac and Thomas Cook India, the company was set up in 2007 which offers comprehensive solutions, including recruitment, temporary and technology staffing, and IT products and solutions, among others.

  • 02 Jul 2016

    Promoted by Ajit Isaac and Thomas Cook (India), the company was set up in 2007 which offers comprehensive solutions, including recruitment, temporary and technology staffing, and IT products and solutions, among others.

  • 29 Apr 2016


    Prem Watsa: "We look forward to our partnership with this distinguished South India group which, in addition to its technical and business expertise, is well known for its integrity and corporate social responsibility."

  • 16 Apr 2016


    Prem Watsa: "We look forward to our partnership with this distinguished South India group which, in addition to its technical and business expertise, is well known for its integrity and corporate social responsibility."

  • 08 Apr 2016


    Prem Watsa: "We look forward to our partnership with this distinguished South India group which, in addition to its technical and business expertise, is well known for its integrity and corporate social responsibility."

  • 28 Mar 2016


    Prem Watsa: "This is a partnership between Fairfax and GVK. Going forward, we will work closely with all stakeholders to manage our stake in BIAL and will support G V Sanjay Reddy to continue to lead the management team as Managing Director (MD) of BIAL."

  • 15 Mar 2016


    Ramesh Ramanathan: "Sterling Holiday Resorts said that with this acquistion, Sterling holidays now offers its customers more complete holiday experience choices."

  • 08 Feb 2016


    Prem Watsa: "We look forward to investing in Adi Finechem which, under the leadership of its managing director, Nahoosh Jariwala and his experienced management team, will continue to grow its operations over the long term."

  • 01 Dec 2015


    Prem Watsa: "IIFL, under the independent leadership of its executive chairman Nirmal Jain has an impressive management team with a strong, long-term history of profitable growth"

  • 04 Nov 2015


    Prem Watsa: "We look forward to investing in Adi which, under the leadership of its MD, Nahoosh Jariwala and his experienced management team, will continue to grow its operations over the long term.This investment fits within our strategy of investing in well-managed companies with a history of profitability and high integrity."

  • 26 Oct 2015


    Ramesh Ramanathan: "This acquisition fits in Sterling's overall strategy and it is a natural expansion and would help for future growth and will straighten Sterling in the western region."

  • 26 Oct 2015


    Ajit Isaac: "This transaction will strengthen our position as a leading Pan Asian player serving clients across South Asia, Middle East and South-East Asia."

  • 19 Aug 2015


    Prem Watsa: "Under the leadership of CEO Sanjay Kaul will continue to build on its position as the largest private-sector agriculture warehouse and grain collateral storage company in India"

  • 07 Aug 2015


    Madhavan Menon: "We see strong synergies and benefits accruing from their (Kuoni) well-established presence/global connection in key source markets like Europe."

  • 30 Jul 2015


    Madhavan Menon: "Luxe Asia is a great fit to our portfolio and we aim to draw on the strong synergies with our Outbound, Inbound and MICE businesses at Thomas Cook India.Our acquisition of Luxe Asia reiterates delivery of our strategic intent of establishing a global Destination Management presence."

  • 20 Jul 2015


    Prem Watsa: "We are looking forward to investing in National Collateral which, under the leadership of CEO Sanjay Kaul will continue to build on its position as the largest private-sector agriculture warehouse and grain collateral storage company in India"

  • 13 Jul 2015


    Madhavan Menon: "The Company's strategic investment in Sterling Holiday Resorts is delivering well for us, Sterling Resorts having turned profitable, declaring its first profit in 18 years- of Rs 5 Mn for the FY ended March 31, 2015."

  • 13 Jul 2015


    Prem Watsa: "IIFL, under the independent leadership of its executive chairman Nirmal Jain has an impressive management team with a strong, long-term history of profitable growth"

  • 01 Jun 2015


    Transfield Services operates across diverse industries, including property and facilities management, defence, transport (including road, rail and public transport), utilities (including water, power, and telecommunications), and mining and process, hydrocarbons.

  • 13 Feb 2015


    Ajit Isaac: "We are happy about providing a new and permanent home for the business we are acquiring from Aramark. The company has a strong presence in niche areas of facility management where we expect to see rapid growth in the future."

  • 30 Jan 2015


    Prem Watsa: "We are humbled to have received US$1 billion of commitments and to close the books on the Fairfax India offering. We aim to build value for Fairfax India shareholders over the long-term."

  • 19 Jan 2015


    Ajit Isaac: "We started out with HR services but over the years we have added many more business such as facility management, industrial asset management and IT services and hence we wanted our brand name to reflect that."

  • 26 Nov 2014


    Prem Watsa: "We are excited to launch, for the first time in our nearly 30- year history, a new company sponsored and promoted by Fairfax Financial - a company focused purely on the potential of India and Indian businesses."

  • 17 Sep 2014


    John Mehrmann, CEO, Brainhunter: "We are pleased to be part of IKYA which in turn is a Fairfax Investee Company. To be a subsidiary of India's largest IT staffing company will give us access to the largest technology talent pool in the world, an advantage that few companies in Canada have."

  • 05 Jun 2014


    Ajit Isaac, Chairman of the IKYA Group: "The company has a stellar track record in India, is a market leader and is well positioned to expand its market share. The acquisition will further strengthen IKYA's position as India's leading player in the business services space."

  • 07 Feb 2014


    Ramesh Ramanathan, MD of Sterling Holiday Resorts: "The merger aims at building a holiday behemoth which will take holidays to a larger population."

  • 05 May 2013


    Madhavan Menon: "We chose the IPP route to ensure our compliance with the recent SEBI guidelines. The fact that the issue has done extremely well despite the prevailing sluggish economic environment and weak secondary market, is testimony to our credibility and strong track record."

  • 29 Mar 2013


    Nations Trust Bank is one of the fastest growing banks in Sri Lanka today. Their portfolio of financial products and services caters to the varying requirements of individual, corporate and institutional clients.

  • 05 Feb 2013


    Mr. Madhavan Menon, MD, Thomas Cook (India): "Ikya's wide range of HR services and sterling reputation, offer us a wonderful opportunity to extend the bouquet of travel, financial and HR services we offer to corporates across India."

  • 21 May 2012


    Prem Watsa, Chairman & CEO of Fairfax: "We are pleased to announce this acquisition and to own such a well-known and strong Indian business."

  • 30 Jun 2011


    A wholly-owned subsidiary of Fairfax Financial Holdings, Fairbridge aims to make acquisitions & investments with a long-term value approach in the Indian region.

Annual Return Financials Fairbridge is a wholly-owned subsidiary of Fairfax Financial Holdings Limited