GII’s $300mln Indian funds demonstrate strong growth
- Date: 13-Oct-2022
- Source: Zawya
- Sector:Financial Markets
- Country:UAE
GII’s $300mln Indian funds demonstrate strong growth
Gulf Islamic Investments (GII), a leading Shari’ah-compliant global investment company, has successfully closed its second Indian Growth fund (IGP2) this year.
The performance of its two India-focused funds, whose value exceeds $300 million, has encouraged GII to further widen its investment operations in India as part of the company’s continued growth strategy.
From its operational base in the UAE, supplemented by a presence in other leading global financial centres and a planned office in India, GII manages assets of more than $3 billion in private equity, venture capital and real estate.
Stakes in two healthcare firms
GII made its first investments in India in 2020. Its India Growth Portfolio I (IGP-I) comprised stakes in two Indian healthcare companies. Boosted by their success and continued client demand, GII launched IGP-II beginning of 2021, a superior investment platform with a more diversified portfolio across high-growth sectors such as electric mobility, consumer products, healthcare and technology.
The companies chosen by GII’s specialist investment team for IGP-II include Hero Electric (the market leader in the Indian electric two-wheeler industry), Soothe Healthcare, Bombay Shaving Company, Nysaa Retail, UpScalio and Encube Ethicals.
Pankaj Gupta, and co-Founder co-CEO of GII, said: “India’s increasing move towards e-commerce and economic expansion across the whole nation