Gulf Islamic Investment to open office in Bengaluru, to invest Rs 3,750 crore in 3 years

Gulf Islamic Investment to open office in Bengaluru, to invest Rs 3,750 crore in 3 years


Gulf Islamic Investment (GII), a UAE-based financial services firm on Monday today announced it will set up its office in Bengaluru and invest about $ 500 million (Rs 3750 crore) in India across the sectors over the next three years.

The company is also keen to partner with Indian start-ups and growth companies in their Middle East expansion plans and is open to collaborating with Indian or global investors in future Indian investments, an official press release from the Karnataka government said.

The state’s ministers and top officials are currently in Dubai for its Expo 2020 event.

GII founding partners Mohammed Alhassan and Pankaj Gupta, in a joint statement, said this is going to be their first international subsidiary. “Given the success of our preliminary investment rounds through the India Growth Portfolio series, valued at over Rs 1,000 crore, we look forward to expanding our footprint in India and strategically contributing towards enhancing the India- UAE investment corridor,” they said.

In 2020, GII made its Indian investment debut with India Growth Portfolio (IGP-I) comprising significant minority stake investments in a portfolio of healthcare companies, including a chain of multispecialty hospitals and in an in-vitro diagnostics firm.

Since its establishment in 2014, GII has closed over 45 transactions with asset values ranging from $ 10 million to $ 500 million across real estate, private equity, and venture capital investments.



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